The Sun.
London, England, 1854-02-16 00:00:00

YORK, NEWCASTLE, AND BERWICK.

The half-yearly report of the directors states, that this
company's share of the joint earnings is 237,9801.; to
this must be added 3,1701., composed of various items
belonging specially to the line, and 3,7991. the balance
from the last account, making the total income for the
half-year 244,9501. After deducting from this the sepa-
rate expenses, 2,5001. and 109,7831., the amount of in-
terest and rents, there remains a disposable balance of
132,6671. The directors recommend that out of this a
dividend at the rate of 4 per cent. per annum be declared,
which will leave the balance of 10,305/. to be carried to
the next half•year. The works on the Bishop Auckland
branch are in progress. The directors do not anticipate
the necessity of making any call upon the extension or
purchase shares during the present half-year. The direc-
tors have introduced into Parliament bills to authorise
the proposed traffic arrangements, and amalgamation
between this company, the York and North-Midland
and Leeds Northern Companies ; to obtain additional
powers for constructing the docks at Jarrow, Slake-on-
the-Tyne, and to enfranchise certain wayleave. The
share capital account shows a total of 7,554,303/.

YORK, NEWCASTLE, & BERWICK, YORK &
NORTH MIDLAND, & LEEDS NORTHERN.
The directors report to the shareholders of these com-
panies that the experience of the last half-year justifies
the opinions they formerly expressed as to the advan-
tages likely to arise, both to the companies and the pub-
lic, from the three railways being united, and the traffic
placed under an undivided management. They state that
they have been enabled to give additional accommoda-
tion to the public, that they have put on an additional
through train in both directions over the whole main
line; they have also given to Leeds and the manufactur-
ing districts of the West Riding of Yorkshire the advan-
tages of a direct express train to and from the north,
and have arranged the local trains so as to give more
convenient communication between the various districts
The mileage of the passenger trains has been increased
from 1,356,432 to 1,531,948, and that of the merchan.
dise and mineral trains from 1,891,791 to 2,385,910, be-
ing
respectively equal to 121 and 26 per cent., the total
increase being 669,635 miles, or 20 per cent. They think
that the general result must be considered satisfactory,
as on the whole there is an inoreaso in the net revenue
from traffic during the half-year of 26,8001., or 61 per
cent. The directors have for the present set apart the
sum of 300,0001. towards the renewal of the permanent
way. 20 engines have received very extensive repairs,
and eight have been replaced by new ones of consider.
ably increased power. The whole of these expenses is
charged against the revenue of the half-year. They have
also added to the stock during the half-year the follow-
ing articles, the cost of which will be defrayed out of
capital :-10 engines, 269 merchandise and cattle wag-
gons, 433 coal waggons, and 51 carriages and vans. In
the bills before Parliament for the amalgamation of the
companies there are clauses for permissive powers to in-
clude the Malton and Driffield Railway Company.

RAILWAY TRAFFIC RETURNS.
THE GREAT NORTHERN ItAlLVfAY.—Traffie return for
the week ending Feb. 5, 1854 219,707 6 4
Corresponding week last year 14,212 15 0
CHESTER AND HOLYHEAD RAlLWAY.—Traffic return for
the week ending Feb. 12, 1854 £3,829 12 8
Corresponding week last year 3,147 15 8

Increase in 1854 £6Bl 17 0
COnK AND BANDON RAILWAY.—Traffio return for the
week ending Feb. 11, 1854 £157 9 0
Corresponding week last year• 147 19 9
LONDON AND SOUTH-EASTERN RAlLWAY.—Traffic re-
turn for the week ending Feb. 11, 1854 £12,190 11 6
Correvoncling week last year 10,827 19 11

Increame in 1854 , £1,362 11 7