The Sun.
London, England, 1853-09-23 00:00:00

RAILWAY INTELLIGENCE.

LLANIDLOES AND NEWTOWN.
The first general meeting of this company was held
last week at Llanidloes, Mr. G. H. Whalley in the
chair.

The report stated that the act for the incorporation of
the company received the Royal assent on the 4th of
August last. So soon as the land is clear of corn the
_-line will be marked out, the purchase of the land will
"then be made, and the works will be contracted for. A
.„, company is in course of formation, and, surveys are in
progress, for aline from Newtown to Shrewsbury, by
way of the Rea Valley. The directors do not hesitate
to express their opinion that the Rea Valley line to
Shrewsbury would be the best line for the company,
because it would be the best for the public. As regards
the North and South Wales line from Llanidloes to Mil-
ford Haven, the directors have no hesitation in recom-
mending their shareholders to afford that company, both
individually and collectively, the utmost co-operation.
The directors are assured that the Parliamentary and
all the other preliminary expenses of obtaining the act
are not likely to exceed 2,5001. The estimated traffic
on the line amounts to 8,250/., and the working ex-
penses to 50 per cent., leaving a balance of 4,125/.,
being nearly 7 per cent. on 60,000/., the required capital.
The estimate is made solely upon calculations of the
present local traffic between the towns of Llanidloes and
Newtown. The qualifications of a director is the pos-
session in his own right of 25 shares in the company.
The report of Mr. R. Hopkins, the engineer, stated
ynat the estimate for the works is 48,0001., and for the
land, act, and contingencies 12,0001., the length of the
line being about 12 miles. He expresses his entire con-
fidence in the sufficiency of the estimates, provided the
works be laid out with judgment and economy, and be
let, by competition, to satisfactory contractors.
The CHAIRMAN, in moving the adoption of the report,
congratulated the meeting upon the success which had
attended their exertions in obtaining their aci of incor-
poration. then entered into a description of the va-
rious schemes that had been projected in connection
with their line, some of which were rejected by Parlia-
ment in the late session. The directors were desirous
of seeing their line extended at both ends, and they were
glad to be able to state that projects were then before
the public for accomplishing those objects. There was
a project which had been suggested to the directors for
extending the line from Llanidloes to Llangwrig, a dis-
tance of five miles. It was the most practical mode of
meeting the wishes of the North and South Wales Com-
pany, and it would give the finishing stroke to the
Machynlleth line. Their line would be a trunk line,
which would throw out its branches and extensions to
Aberystwith, Rhayader, and Milford Haven.
Mr. W. LEFEAUX, deputy chairman, seconded the
adoption of the report, which was carried unanimously.
On the motion of Mr. JONES, seconded by Mr.
REES, a resolution was passed requesting the directors
to take steps for the prosecution of an extension line
rom Llandiloes to Llangwrig in the next session of
Parliament.
Resolutions were passed electing Messrs. G. H.
Whalley, W. Lefeaux, T. E. Marsh, J. Lefeaux, E.
Cleaton, W. Cleaton, R. Holmes, T. Davis, E. Jones,
W. Lloyd, T. Prickard, E. Williams, and T. F. Ro-
berts, directors of the company ; appointing Messrs. J.
Jenkins and E. Rees auditors, with an allowance of
Si. ss. each per annum ; and fixing the salary of the
secretary at 501. per annum.
Thanks were voted to the secretary and directors for
their services, and the meeting separated.

CLYDESDALE JUNCTION RAILWAY.
The annual meeting of this company was held on
Wednesday, at Glasgow, Mr. J. Baird, M. P., in the
chair.

The report of the directors stated, that they had re-
ceived prompt payment during the past year of the guar-
anteed annuity from the Caledonian Railway Company ;
and they hope, from the continued improvement in posi-
tion and management of the company, that the future
payments will be as satisfactorily provided for. The
half-year's dividend amounted to 9,0921., and unclaimed
dividends to 1611., together 9,2531., which, added to the
reserve fund, 128 t., makes the total 8,3811. in hand.
The CHAIRMAN moved the adoption of the report and
balance-sheet, which were unanimously approved.
Resolutions were agreed to re-electing Mr. Gladstone,
M.P., the retiring director, and electing Mr. Graham
Russell in the room of Mr. Paget, who retires in conse-
quence of having disposed of his stock. Mr. Johnston
was re-elected representative to the Caledonian board of
directors, and Mr. John Campbell was appointed audi-
tor, in the room of Mr. A. Baird, who has also disposed
of his stock of the company, and is no longer eligible
for re-election.

On the motion of Mr. CAMPBELL, a vote of thanks
was given to the chairman, and the meeting separated.

ULSTER.
The half-yearly report, which was to be submitted at
the meeting of shareholders held in Belfast on Wednes-
day last, states that by the revenue account the gross
receipts for traffic during the past half-year have
amounted to 30,1591. ls. 3d., a sum considerably ex-
ceeding the receipts of any former corresponding period.
This increased trade has, however, been attended with ad-
ditional expense, partly attributable to the increased
amount of work done, and partly to the higher prices
of coal, materials, and labour, which have ruled dur-
ing the period in question. The working expenses
consequently amount to 9,916/. lls. 7d. ; and, after
deducting this sum and the interest of the bor-
rowed capital from the gross receipts, there remains
the sum of 16,3501. 13s. Out of this balance the
directors recommend that a dividend of 265. per share
be now declared, payable on and after the first day of
October next. This will leave a sum of 2,8521. 158✓, to
be carried to the credit of the reserved fund ; and,
taking into account the expenditure which has taken place
out of that fund, and the necessity that exists for pro-
viding almost immediately for the relaying of 11 miles
of the line and of replacing a portion of the rolling
stock, the directors are of opinion that they etre adopting
the course most consistent with the permanent well-
being of the company, by increasing the amount usually
carried to the reserved fund, rather than adding to the
dividend on the present occasion. During the past
summer the traffic upon the Ulster Railway has un-
doubtedly been to some extent affected by the existence
of the Great Industrial Exhibition, the success of which
as an important national object, the directors felt bound
to promote, by offering great facilities to all classes visit-
ing Dublin. At the same time the traffic returns
present satisfactory indications of a steady permanent
increase in the revenue of the company ; and the
directors have no boubt that nothing is wanting but the
continuance of a friendly disposition between the
several companies interested in the Dublin trade, and
the adoption of a fair and liberal policy in conducting
that trade, to insure a large and profitable traffic between
Belfast and the metropolis and the intermediate towns.
To the projected opening of the interior, however, and
the extension of railways, so as to connect the commer-
cial and manufacturing seaport with the midland and
western districts of Ireland, this company must look
as, among the most important means of improving the
country and securing their own prosperity. This object
is now more likely to be effectually carried out than there
was reason to expect at the last general meeting of this
company, for since that. time a company has been
formed for continuing the railway that had been pro-
jected from Armagh to Clones, to Cavan—thus, with
the former undertaking and the other lines now in pro-
gress, completing railway communication with Ennis-
killen on the one hand, and with Galway on the other.

ATLANTIC AND PACIFIC JUNCTION.
Surveys of the great central railway route destined to
unite the Atlantic and Pacific are proceeding. The sur-
veyors have already reached the Great Colorado of the
west, to which point the passage is found to be a con-
tinuous valley, good for a railway and for settlement.
The pass at present selected is curiously ascertained to
be the primeval buffalo route across these wild regions,
this route being adopted by the enterprising surveyors
from a knowledge of the fact that if they follow it they
will have a line direct " as the crow flies," the buffalo,
it appears, having an instinct in finding his way by the
nearest, most direct, and richest route. The surveyors
%and engineers in this remarkable exploration expe-
rience, it would ppear, in the snowy and inhospitable
regions they have to traverse, many perilous adven-
tures, unknown to European engineering.
MULLINGAR AND AN.
The works on this line has been commVAenced by Mr.
Dugan, and
months from it is expected they will be completed in
form a
about 18 the present time. This line is to
junction with the proposed railway from Cavan
to Arrna,gh, which, when made, will complete the direct
communication by railway from 'Belfast to Galway, and
a large district of countr3:—on the one
thus open up
Midland Great Western Railway, and on
hand to the
the other to the Ulster Railway. The former line
open to Galway, and the latter to Belfast. is