The Sun.
London, England, 1849-02-24 00:00:00

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.71 LONDO, SATURDAY ila

VORK and NORTH MIDLAND RAILWAY..
At the Twenty-fit* h General Half-yearly Meeting of the
Company, 'held at the Do Grey Dooms, in the city of York, on
TUESDAY, the 20th day of February, 1849 (pursuant to the direc-
tions of the Act of Pargament),

YORK, NEWCASTLE, and BERWICK
RAILWAY.
At the Fourteenth General -Half-yearly Meeting of the Company,
held at the De Grey. Room; in OF, city of York,. on .TUESDAY,
the 20th day of February; 1849 (pursuant to the directions of the Act
of Parliament), .
__ _ . .. —. .

GEORGE HUDSON, Esq., M.P., in The Chair,

The Advertiseuient calling the Meeting having been read, it was
resolved-7'

.
1, 'pilaf We:Common Sealer the Company be affixed to tlie Re-
gister of Proprietors now produced.
2. That the Report of the Company.novr read be received and
adopted, and ardiffitted among fhb Shatelioblers:
3. That a Dividend be now declared at the rate of Six per cent.
per annum on the Consolidated Stock of the Company, on 201. per
Share of the Original NOwcastle and Berwick Shares, on 201. per
Share of the North Shields• Purchase Shares, on 151. per Share of
the Extensions Shares No. Lon 101. per Share of the Extensions No.
2 Shares from the lst day of July last, and on an additional 51. of
the same Shares from the 25th August last; and at Five per cent. on
the remaining 51: per.Sharo of the North Shields Shares, such Di-
vidend to be paid, deducting Income-tax, on the stli day of March
next.
4. That a Committee of Five Sh ^reliolders be appointed to Investi-
gate the Great North of England Purchase Account, with power to
call for the production of documents relating to it, and to report to
an adjourned meeting.
5. That Robert Prance, Horatio Love, John Clayto', Robert Deni-
son, and John Shield, Esquires, be such Committee.
6. That the. Original Newcastle and Berwick 251. Shares, and the
North Shields Purchase '257. shares, iu respect of which the whole
money subscribed has been called for and paid up be consolidated
hat, the General Capital Stock of the Company, from the 2d day of
April next, and be divided amongst the several Proprietors, accord-
ing to their respective interests therein.
7. That.the Common Seal of the Company be afilxkdAo a Petition
to the House of Commons in favour of an alteratibri tlfe law re-
lating to the rating of railways for parochial•purposes. •
8. That James Rithardson..Esq., and Charles Tee, Esq., who re-
tire by rotation, be re-elected Directors.
9. That. Thomas Barstow, Esq., who retires by rotation, be re-
elected an Auditor.

-inmediately after the conclusion of the business of the General
Meeting, a Special Meeting of the Company was heist, when the drafts
of the following Bills, for which it is intended to apply to Parliament
during.the present Session, were submitted for the approval of the
Shareholders; :
" A Bill for enabling the York, Newcastle, and Berwick Railway
Company to mtke certain Branches in the counties of Northumber-
land and Newcastle-upon-Tyne, and for other purpOies."
"A Bill for enabling the Newcastle-upon-Tyle and Carlisle Rail-
way Company to Lease their Railway and Works to, and to amalga-
mate with the York, Newcastle, and Berwick Railway Company," and
"A Bill for enabling the Mariport and Carlisle Railway Company
to Lease their Railway and Works to the York, Newcastle, and Ber-
wick Railway Company."
It was thereupon resolved unanimously—
" That each of the said Bills be approved, and that the Directors
be authorized to make such alterations therein as they may deem
desirable, and as the Legislature may sanction or require.
GEORGE HUDSON, Chairman
The Chairman having left the: Chair, it was further resolved
unanimously— _
" That the cordial Thanks of this Meetiag be offered to the
Chairman and Directors forthe able manner in which they have
'conducted the affairs of this Company.
JOHN CLOSE. Seeretary.

CHESTER AND HOLYHEAD RAILWAY.
LOANS ON DEBENTURES.
The Directors of this Company are prepared to receive (under the
powers of their Act of Parliament) Tenders for Loans of Money on
security of Debentures.
Tenders, stating amount and term of years of proposed Loans,
to be addressed to the Secretary, 61, Moorgate•street, London.
By order,
ANDREW G. GIFFORD, Secretary.
61, Meergate-street, February 20, 1049. '

METE,OPOLITAN COUNTIES AND
GENERAL LIFE ASSURANCE SOCIETY,
27, REGENT-STREET, WATERLOO-PLACE, LONDON.
INCORPORATED PURSUANT TO ACT OF PARLIAMENT.
TRUSTEES. t
Spencer H. Walpole, Esq., M.P. Richard Spooner, Esq., M.P.
Henry Peter Fuller, Esq. I Edward Yansittart Neale, Esq.
DIRECTORS.
Samuel Driver, Esq., Whitehall.
Henry Peter Puller, Esq., Piccadilly.
John Palk Griffin, Esq., Ironmonger-lane, Cheapside.
Capt. Hon. G. F. Hotham, RN., United Service Club, and
Brighton.
Edward Legh, Esq., the Limes, Lewisham, Kent.
Edward Lomax, Esq., St. John's-wood-park.
Samuel Miller, Esq., Lincoln's-inn.
E. Vansittart Neale, Esq., South Audley-street.
Sir Thomas Newby Reeve, Richmond, Surrey.
William Studley, Esq., Brixton, Surrey.
William A. S. We.stoby, Esq., Hyde-nark •place.
The LIFE ASSURANCE DEPARTMENT of the Society em-
braces :
Assurances upon single or joint lives, contingent survivorship, or
the survivor of two or more lives.
Endowments of widows and children. . .

Immediate, deferred, and survivorship annuities.
The payment of fixed sums to the assured at any specific age, or
to their re resentatives in case of death before that age.
Premiums may be paid yearly, half-yearly, or quarterly, or upon
the half-premium plan for the first five years.
Loans granted on an entirely new principle.
RAILWAY • ASSURANCE, DEPARTMENT.
All persons, .of whatever class, travelling by Railway in Great
Britain and Ireland, assured in the event of loss of life by accident
whilst so travelling, at the moderate premium of 10s. per cent., is
one single payment, for the whole period of life.
EXAMPLE.—A person may by one single payment of 51. assure to
his family sr others the sum of 1,0001., to be paid in the event of his
losing his life by railway travelling in Great Britain or Ireland.
F. FERGUSON CABIROGX, Manager.

TIC DOLOREAUX CURABLE.
TOOTHACHE.
Instantaneous relief from those excruciating complaints may ba
had by using JAMES'S Celebrated ASTILIAN TINCTURE for
TIC DOLOREUI, TOOTHACHE, PAINS in the FACE, GUMS, &c.
[IILrOATANT TESTIMONIALS.]
" Llyerpool, Dec. 18, 1848.

"To Messrs. Carson and Co,
"It is with much pleasure I communicate the great efficacy of
your • Astilian Tincture' for the Tic Doloreax aid Toothache, it
having cured my wife of the former in a few minutes after the ap-
plication. She suffered dreaditlly for some time, and could ;,-et 1w
relief till your tincture was applied.
(Signed) " THOMAS GUT.
" 14, Bathbone-street, Toxteth-park."

" Liverpo•l, Dec. 14 , 1843.

"To Messrs. Careen and Co., •
"It with feelings of gratitude that I inform yea of the won-
derful cure effected by the use of ' James's Celebrated tAstlllan
Tincture' for the Tic Doloreux aid Toothache, prepared by you.
"My wife had been suffering the most excruciating agony for
three weeks, night and day; she tried everything that we thought
would be of any service, but all in vain ; she was then recommended
to try your Tincture, which she did, cad in four minutes after the
application she was quite cared.
(Signed) " WILLIAM RED.
":54, Oliver-street, Windsor."

" LiTerpool, Dec. 23, 134 t.
" Gentlemen,..After six months' expeiience in its sale I have
found your ` Astilian Tincture' to be all but uniformly successful
in the curs of Tic Doloreux and Toothache; indeed only one case of
failure do I know of in that time. Although generally averse to
such things, yet you may, if you choose, make public use of this.—l
remain yours, faithfully, ' " THOMAS LOWE,
"Dispensing Chemist, 38, Islington, and 40, Norton-street.
"P.S.—You may send me another three dozen of the smaller size.
"To Messrs. Carson and Co."
Prepared by Carson and Co., 6.t. Anne-street, Liverpool, sole pro-
prietors, from whom ft may be liad, or througiVany of the Wholesale
Houses in Lond'on, Birmingham,' York,. Edinburgh. ikc., and retail
from any respectable Medicine Vendor throughout the Kingdom.
In Bottles,•at 2s. 9d4 4s. 6d., and I is. each.

REMOVED TO 37, BEDFORD-SQUARE.

DR. LA'MERT ON THE SECRET INFIRMITIES OF YOUTH
AND MATURITY.-WITH 40 COLOURED ENGRAVINGS ON
STEEL.

Just published, and may be had in French or English, in a Sealed
Envelope, 2s. lid„ or post-free, from the Author, for forty-two
Stamps,
SELF-PRESERVATION; a Medical Treatise
on the Physiology of Marriage, Infelicitous and Unproductive
Unions, and the Secret Infirmities and Disorders of Youth and Ma-
turity, usually acquired at an early period of life, which enervate
the physical and mental powers, diminish and enfeeble the natural
feelings, and exhaust the vital energies of Manhood ; with Practical
Observations on the Treatment of Nervous Debilii,7 and Indigestion,
whether arising from these causes, close study, or the influence of
tropical climates: Local and Constitutional Weakness, Syphilis,
Stricture, and all Diseases and Derangements resulting from Indis-
cretion. With Forty colonred Engravings, illustrating the
Anatomy, Physiology, and Diseases of the Reproductive Organs,
explaining their street:nes, uses, and hmetions, and the various
njuries that are produced in them by solitary habits, excesses, and
refection. BY SAMUEL LA'MERT, M.D.,

STATES'S ROYAL HOTEL.
NEWCASTLE-ON-TYNE.

CHARLES STATEiOlTjtstrieipittronaieand support of Com.
mercial Gentlemen to the above Hotel, which is most centrally el.
tuated. The Commercial-roo:n will be found one of the most coin.
modious and suitable, and " en suite,"- the Hotel, in point of accom.
modation, second to none in the North.

HANWELL COLLEGIATE SCHOOL,
MIDDLESEX.
Principal—Thiltev. S. A. EMERTON, D.D.
Twelve Years Curate of Hanwelt.
The. Term divides on Monday, the 26th instant.
Prospectuses, with full particulars, en application.

SECOND VOL., OF DR. CU MM I N G'S " APOCALYPTIC

SKETCHES."

On March 1 will be published, price 95., cloth, full gilt, ---
ANEW SERIES OF LECTURES ON THE
BOOK OF REVELATION, as delivered in his own Church,
by the Rev. JOHN CUMMING, D.D. ; being in Continuation of the
Series deliverefi in Exeter Hall.
Arthur Hall and Co., 25, Paternoster•row.
_ _

NEW FICTIONS.
Now ready, and may be had at all the Libraries, in t vole. pest 8vo.;
THE. EMIGRAN-T FAMILY;
• Being the • . . .
STORY OF AN AUSTRALIAN SETTLER.
By the Author of "Settlers and Convicts." • .
Also, just ready, itt2.yols, post .87r0., _
LOFODEN ; or. the Exiles of Norway.
By E. W LANDOIt, Esq.
Author of "The Bushman." '
London:_. Smith, Elder, and Co., 65, Cornhill.

On Tuesday will be published, in 1 Vol. Bvo., price 10s. 6d.,
UESTIONS for LAW 'STUDENTS on the
the Second Edition of Mr. SERJEANT STEPHEN'S 'NE W
COMMENTARIES en the LAWS of ENGLAND. By JAMES
STEPHEN, Esq., of the Middlp Temple, Barrister at Law.
Lately Published, in 4 Vols. Bvo., pride 4/. 48 , '
(Dedicated. by permission,,to her Majesty the Queen),

MR. SEIiJEANT STEPHEN'S NEW comSIENTARIES on the
LAWS' of ENGLAND, partly founded on Blackstone. Second
Edition.
,llenry Butterworth, Law Bookseller and Publisher, 7,.Fleet-Street.

MECHPS PAPIER MACHE TEA TRAYS
are decidedly the most unique and elegant ever manufac-
tured. The designs are various, as well as the prices, and the
economical may be suited as easily as those whose wealth entitles
them to seek for the most recherche articles which art can produce.
The papier-mache work-tables, work-boxes, tea-caddies, writing
eases, inkstanCs, hand screens, card-horses, &c., are really superb.
Mechi has a stock of dressing-eanes not to be Fu/passed; also an im-
Inest,e aAsortuient of writinzldesks, Wells cutlery, Sheffield plated.
Ware, &c. his cushioned bagatelle tables• are renowned for their
superior construction.—Manufactory, 4 Leadenhall-stieet, London.

THE COUNTRY- MARKETS.
WAKEFIELD, FEN. 23.—Thee supplies are small of most
articles, and to-day there is a poor show of .samples. There
is no change to note in the value of wheat ind barley, and the
demand for each rather limited. Oats and shelling in fair
request, atlate prices. Beans are fully as dear, and not many
offer►ng.

New.

WHEAT, per qr. 8 bushes 601 b s. s.
Suffolk. Essex, and Kent, red ~. 46 to 4S
Ditto, white ... 49 52
Norfolk and Hunts., red ... ... 43 —46
Ditto, white ... ... 46 49
Lincolnshire:and Cambridge, red ... 42 46
Ditto, white ... ... 47 51
Yorkshire, red 42 45
Ditto, white- ... 47 50
Dantzic and Konigsburg, white .. 49 52
Lowerßaltic and Hamburgh, red... 44 46
Mediterranean, red ... ..• —"'
BARLEY, per quarter of 8 bushels:--
Norfolk and Suffolk... .. 28 30
Lincolnshire and Yorkshire .. 27 30
Scotch
Grinding per 30 stone ... 25 28
Foreign ... 23 25
BEANS, per quarter of 8 bushels 631 b :
Small, fine ... 29 —32
Ticks 28 31
Foreign 28 SO
OATS, per stone :
Mealing • ••• 9d to 10a —d to —d
Feeding Sd to 10d —d to —d
Foreign , 8d to 9d —d to —d
SHELLING, per load of 2611 b . ....25 —26
MALT, per load of 6 imperial bushels 37
PEAS, per Imperial Quarter:—
Blue and white boilers
Grey and Feed

48 -- 51
43 - 46
36 -- 4.

... 30 - 34 -
•.. 30 - 32 ---

Rapeseed ...
... '778
Linseed ..
Malt ... ... ..
Flour ... ••••• ... ...

RAILWAY INTELLIGENCE.
YORK AND NORTH MIDLAND.

The half-yearly meeting of this company was held at
the De Grey Rooms, in York, on Tuesday last. The
attendance of shareholders was numerous, and George
Hudson, Esq., M.P., was in the chair.
The advertisement convening the meeting having been
read by Mr. Gray, the secretary, the Chairman affixed
the seal of the company to the registered list of share-
holders.

Mr. GRAY then read the following report:—
" In meeting tho proprietors on the present occasion,
the directors regret to report that the amount received
for traffic on the lines of the company during the half-
year ending 31st December, 1848, has fallen somewhat
short of the receipts of the corresponding half-year in
1847; for although there is a slight increase in the
amount derived from passengers, the receipts for mer-
chandise are below the amount earned duricg the last-
mentioned period.

" The statement of accounts in the hands of the share-
holders shows a balance of 133,4091. 15s. 6d. to the cre-
dit of the company. This balance, after payment of the
Hull and Selby rent, would afford a dividend after the
rate of 71. per cent, per annum on the share capital, and
leave a surplus of 6,309/. 7s. 2d. to be carried forward to
the following half-year; but having in view the ine-
quality which has always existed in the aggregate half-
yearly receipts of the company, the directors feel con-
vinced that it will be a more prudent and satisfactory
course, and more conducive to the general interests of
the shareholders that the dividend now to be declared
should not exceed the rate of 61. per cent. per annum.
By this means they would be enabled to carry forward a
balance of 19,859/. 15s. 6d., which would secure the
same rate of dividend for the next half year, even if the
traffic continue without progressive increase.
" The directors have, however, trip satisfaction to state
that the merchandise traffic is alr#ady increasing, and
they confidently hope That it vvill Veadily improve with
the returning commercial and mankazturing prosperity
of the country. The same causes cannot fail to produce
a material increase of passenger traffic upon those lines
principally usedas pleasure
of the company which are
lines during the summer months.
"By the intended branch from Burton Salmon to
Knottingley (the.contract for which is already advertised
to be let) a junction will be effected with the grand
trunk line of the Great Northern. Railway, thus complet-
ing the communication to London by the eastern route;
This must necessarily afford a moat important and pro-
ductive accession to the traffic of the lines of the York
and North Midland Company, as well as of the lines
north of York.

"It will be seen from the accounts that the working
expenses for the past half-year are below - thoEe of the
corre2ponditiz huff-yc-Ar itti iz347. Tiis directors Imo
7.11i4 turthcr rniliction
in the e:,-..pridittire of th tairent rhile they
ara enabled to state that the works of the line as well as
the locomotive and carrying stock are in perfect order.
" The directors subjoin the particulars of traffic for the
past half-year together with the statements of the capital
and;revenue, and the Hull and Selby purchase account
to the close of the past half-year.

PASSE N GERS.

MERCHANDISE.

Tons.
Goods and grain ... 302,094
First class ... 90,5731!
Second crass ... 179,572iiC0al •-• ••• ... 109,298
Third class 372,191-1-. Coke -.• 80,153
Government ditto ... 193,0056: Lime •-• 14,757

835,343

506,302

Horses 3,338 'Cattle 15,518
Carriages ... 832 ,Sheep ... 49,827
Does ... 3,049 j Pigs ••• 8,302
The following is an abstract of the accounts:-Capital
account, a general statement of receipts and payments,
from the 11th December, 1135, to the 31st of December,
1848. Payments-Amount expended to the 30th of June,
1848, 4,179,309/. 9s. Bd.; further charges during the
half-year ending 31st December, 1848, 239,068/. 7s. 3d.;
total, 4,418,377/. 165. 11d. Receipts-Amount received on
account of shares and debentures' to 30th June, 1848,
3,873,6241.25. 9d.; amount received during the half-year
ending 31st December, 1848, on account of shares and
debentures, less debentures paid off, 87,7161. Its. ; by
amount on loan from six per cent. guaranteed stock,
440,000/. ; balance, 17,0361. 165. 2d. ; total, 4,411,3771.
16s. I ld. Revenue account, from the Ist July, to the
31st December, 1848. Expenditure-Maintenance of
way and repairs of property, 6,3201. 6s. 53.; locomotive
expenses, 21,3851. 13s. 5d.; duty to Government,
4,272/. 13a. sd. ; direction, 750/. ; compensation, 7821.
Bs. Bd. ; miscellaneous expenses, gas, insurances, &c.,
1,0301. 14s. ; rates and taxes, 7,591/. 14s. ; printing, ad-
vertising, and stationery, 5231. 12s. 10d. ; salaries of
resident engineer, secretary, and clerks in the coaching
department, including clearing house expenses, 4,3961.
9s. 7d. ; wages of clerks and porters in the merchandise
department, and for oil, tallow, waste, covers, &c.,
9,081/. Bs.'3d. ; wages of policemen, porters, and guards,
and Normanton Station expenses, 8,629/. 2s. 6d. ; re-
pairing Carriages, waggons, &c., 3,404/. Ss. 9d. law
charges, 1701. is. ; laWrest osk..ialebenjares, 0,2 M
las. ed. ; income tax. 1,683t-Irsrlr'bilance, 133,4011/.
lbs. 6d. ; total. 231,1311 Is. 10d. Inoonte--,Bslanoe as
per last statement, less dividend, and Hull and Selby
rent, 163 L 9s. 7d. ; passengers, parcels, and mails,
129,3601. 10s. 2d.; merchandise, 100,590/.lBs. 5d.; rents
and staith dues, 1,0161. 3s. Bd. ; total, 231,131/. Is. 10d.
The Cn AIRMAN, in rising to move the adoption of the
report, said he had not the same satisfaction in doing so
which it had hitherto been his good fortune in presiding
over the meetings of this company; but the only matter
which they had to inquire into was, whether this fact was
attributable to the management of the company, or whether
the cause was to be found in an unfortunate change of
circumstances which had taken place. He was sure that
every gentleman would be aware how much circumstances
had tended to injure that progressive increase of traffic
which it had been their lot to witness, and which he
hoped hereafter would be their good fortune to show.
There was this peculiar circumstance, that whilst the
number of passengers had decreased during the past half-
year on the Midland, and the York and Newcastle lines,
there was a small increase on the passenger traffic on the
York and North Midland Railway. He trusted they
might regard the fact as an indication whereon to found
a hope that they might look forward to a consider-
able increase of traffic on the whole of their lines.
This company, moreover, had had to contend with a high
rate of interest. At one time money was scarcely to be
obtained, even at 5 per cont. interest, but he was happy to
inform them that now they could get money, in all direc-
tions at 4 per cent. The high rate of interest they had
had to pay had no doubt, added to other causes, tended
to reduce their available capital. This cause, however,
was now removed, and if half of what was said upon the
subjset were true, he dared say they would see money
down at a price which no gentleman would recollect to
have witnessed before. It was clear that the money now
in the market could not find employment; and as ho did
not know there would be any call upon the shareholders
for fresh capital, there was every reason to believe that
money would become more and more abundant for de-
benture interest, and in course.Of time the directors would
be able to effect a material reduction. The traffic from
Hull had been seriously affected by the disturbed state
of the continent, but he was happy to say'
that traffic wns returning, for the continent
was more settled, and goods were beginning
again to flow more readily down to that port, and shortly
they would 'find a large increase of traffic there. As to
the dividend, it would be the wisest course to declare it
at present at 6 per cent. They had made, in fact, 71-
per cent.; but looking at the circumstances of this halt
year, and considering that although there was a con-
siderable improvement in' the times, it was not very
probable that the effects would be felt until May or
June, except in a very slight degree, the directors re-
commended the shareholders to consent to this reduc-
tion. They had on many occasions received 10 per
cent., once 8, and if they now adopted the recommends.
tion of the directors, he felt most strongly that they
would be able to improve their position very much in
future. The times of excitement have passed away, and
he hoped that railway property was now placed in such
a position as that they might judge fairly of its merits
or demerits. They might have made imprudent bar-
gains, and done things which at present appeared un-
wise; but he wished gentlemen to recollect the cir-
cumstances in :which they were placed at the time
such bargains were entered into. If they took a
review of their position, they would remember that they
were not the parties who entered into the field first, but
that they were obliged to follow others who wished to
take possession of the ground, and thus to injure the
already existing property of this company, Take for
instance the Hull and Selby. He was not the first to
negotiate for that line, and.did not do so until he found
that another company had actually entered into terms
which if carried out would almost have annihilated the
York and North Midland. Such being the case, they
were compelled either to take the Hull and Selby at an
exorbitant price, or else to suffer an absorption of nearly
all their income, for at that time Parliament was ready
to give all sorts of foolish things that people asked for.
The more foolish the scheme WAS, and the more sure
was it of support. in Parliament. Anything like com-
petition Wag favoured by them; therefore, the York and
North Midland could not help
the Hull and Selby line.
He thought that, under the circumstances, they
bad adopted the wisest course, and he did not
despair of the lino being a very productive one, and
paying its rent in times of fair prosperity. Then
they executed the lines. in the East Riding,
and what was their position there? They were not the
parties to bring the projects forward, but were forced
into them by another company being got up to form a
new line to Leeds, from the East Riding, for the purpose
of shortening the present route. It then became a ques-
tion what they should do, and there seemed to be no
other choice than to go to Parliament for another line,
which line, however, had not been made, and he hoped
it never would be! These steps had not been taken on
account of any wish on the part of the directors, but
from absolute necessity, in order to protect the already
existing property of this company. With reference to
the Great Northern, an arrangement had been made
which would give to this company the same amount of
mileage whether the Great Northern joined the York
and North Midland at Normanton or linottingley; and
it was an important feature in their case that they would
have the whole of Lincolnshire opened out to them, and
a shorter route to London for their line, and the lines