The Sun.
London, England, 1853-08-27 00:00:00

WHiTEHAVEN AND FURNESS.

The half-yearly meeting of this company was held
yesterday at the offices, Guildhall-chambers, Basinghall-
street—the Earl of Lonsdale in the chair.

The report stated that the gross receipts from traffic
during the half-year amounted to 5,0051., and for the
corresponding period of 1852 to 4,744/., showing an in-
crease of 2601. While the line continues in its present
isolated position, and the earnings entirely dependent
upon the traffic of an agricultural district, it cannot par-
ticipate in the benefits which railways generally have de-
rived from the great increase of trade and the general
prosperity of the country. The Ulverston and Lancaster
line may, by ordinary exertions, be completed and opened
for traffic within two years from the present date. The
coast line will then be extended to Lancaster, and this
company's line will become the natural route for the
traffic between West Cumberland and the southern por-
tion of the kingdom. The total expenditure on capital
account to the 30th of June last amounted to 414,827/..
outstanding claims for land to 4,5001., and claims
for works to 12,8001. Total cost of land, works, and
rolling stock, 422,1271. The capital raised by shares
amounts to 257,6321; and on mortgage, to 124,923/. ;
together 382,5651.; which, deducted from the preceding
amount, shows a deficiency of capital to the extent of
49,5621. For the purpose of meeting this deficiency
the directors obtained an act in the late session autho-
rising the company to raise 25,0001. by the creation and
issue of shares bearing a rate of dividend not exceeding
6 per cent. and having a preference over the other
shares in the company ; and also to raise 30,0001 by the
re-issue of a portion of the forfeited shares, having the
same dividend and preference. The act also authorises
the company to lay down tramways to the harbour at
Whitehaven and the harbour of Ravenglass. The es-
timated expense of the former does not exceed 1,0001.
The amount of capital authorised to be raised was
499,9331. ; the amount received 381,265/. ; leaving
118,6671. not received. The revenue account for the
half-year ending the 30th of June last showed that
5,0051. had been received and 3,174/. expended, leaving
a balance of 1,831/.

The CHAIRMAN, in moving the adoption of the report,
said it was not very favourable, and the traffic could not
be expected to improve much until there was an outlet
to the south. As to the preference shares, he would
take his proportion, and he believed he was the largest
shareholder in the company and he hoped that others
would do likewise.

Resolutions were then passed adopting the report,
and re-electing the retiring directors and auditors.
The meeting was then made special, and the directors
were authorised to raise 50,001. by the issue of 5,000
101. preference shares to be entitled to 54 per cent. per
annum, subject to redemption at par at the end of 10
years. The preference shares are not to be entitled to
arrears of dividends in case the net revenue, after pay-
ing interest on loans, should not be sufficient to pay the
full amount in any year.

TRAFFIC RETURNS FOR THE PAST WEEK.

Miles
opened,
1853.

NAME OF RAILWAY.

811111811.

Aberdeen ....

Belfast and Ballymena .• ............
Belfast and County Down•• • • • • • • • • ..
Birkenhead, Lancashire, and Cheshire
Bolton, Blackburn, and West York .. ..
Bristol and Exeter .......... • • • • ..
Ca1ed0nian............. .......... 7

85'
189%
893(
94%
634
20

Edinburgh and Glasgow ..• •... •...
Chester and 1101yhead.•............
Cork, Blackrock, and Passage .....
Cork and Bandon .. • •
Dublin and Belfast Junction •......
Dublin and Drogheda.. • ... ........
Dublin and Kingstown . ..... .......
Dundee and Arbroath ...• •• •....

8134
312

Dundee, Perth, and Aberdeen Junction
Dundalk and Enniskillen • • .. • • • • • • • •
East Anglian... ..... .. . .. .......

East Lancashire ....... .
Eastern Counties and N0rf01k.......
Eastern Unior ..

171%
283
188
319
2514
90
260

Edinburgh. Perth. and Dundee"...
Exeter and Credit0n................

Furness Railway •• • •• ••• -.

Glasgow. and S'outh-Western • • ..
Groat Northern and E. L. ••• • • • •
Great Southern and Western (Ireland:
Great Western • • • ••• ..
Irish South Eastern • • • •
Lancaster and Carlisle • • . • • •
Lancashire and Yorkshire
Leeds Northern .. .. •• .• •.

78%
149
232

Liverpool, Crosby, and Southport •• ••
London and North Western ..... ••
London and Blackwall . ..• • • ....
London, Brighton, and South Coast..
London and South Western. ........
Londonderry and Enniskillen ........
Manchester, Buxton, and Matlock, &c.
Manchester, Sheffield, and Lincolnshire
Manchester and South Junction......
Maryport and Carlisle • • • • • • • • ....

Midland •••• • - • •

Midland Great Weatlrn (Irish) ..
Monklartes •••• •• •• •••• •• •••• •• ••

288 ►4
131

Newcastle and Carlisle.. • • .. ..... .
North British • • •. • • • • • • • • • • • • • • • •
North Staffordshire .. • ..... • • ....

North-Western •... •• •• ••
Scottish Central ...... • • ..

Scottish Midland .. • • •• ••

Shrewsbury and Birmingham
Shrewsbury and Chester • • •• •• •• •• ••
Shropshire Union .. •• • • • • •• • • ••• • • •

South Devon .... .... . ..
South Eastern • • • • • • ....
South Walea ..........

Receipts.

1852.

£1,861

290
2,017

5,948
14,329
4,529
248
182
1,094
1,303
1,168
563

204
706
5,219
15,722
2,405
2,843
114

584
4,100
14,073
5,594
19,607
185
6,008
21,138

South York., Doicaster, and Goole ..
Taff Vale •• •• •• •• •• •• •• •• OO

520
52,990
1,533
12,747
14,556
278

8,090

1853

731
738
24,069
3,018
784
2,664
4,517

2,144

276
2,671

6,250

5,172
3,574
836

Ulster. .......

16,353
6,753
249
212
1,486
2,190
1,656
714
912
237

804
5.763
18,716
2,803
3.294
131

855
1,928

Waterford and Limerick •• ........ .
West Cornwall •• •• •• • .... •• •• •• .
Whitehaven Junction ..............

858
5,705
18,175
7,528
25,820

314
7,027
22,471

York and Newcastle, and Berwick &
York and North Midland & Leeds

652
60,051
1,689
15,095
18,982
477

8,910

749
783
27,486
3,208
1,013
3,363
5,144

1,498
3,708
1,025
1,992

651
3,229
18,888
2,500
1,203
2,732

750
2,(16
22,118
4,243
1,873
3,073
1,352

29,500

32,358