The Sun.
London, England, 1847-02-01 00:00:00

201 8 10

Thg clear excess being
The report of the resident engineer stated that the
general condition of the permanent way,was good, not-
withstanding the long prevalence of unfavourable wea-
ther, and there had beerce,saving of expenditure in the
last six months.under this head of nearly 2,0001. The
extension of the. Company's works at Derby was now
nearly completed, and would be ready for occupation in
fourteen days, and increased station accommodation had
been afforded.at several of the principal and second-rate
kittblioliiiii4filimaY,-.4l.oiiiit,tt CAM O-11i We of the

• , 77. • 7
•tepriviite-Chitieries'..and whif,s.lrarl•been Opened on the
North .Midland line, from which a rapid developnient of '
traffic might be antielpined. The electric telegraph had
been eitended bet ‘viten-Notting ham and Lincoln, Lind was
'nearly 'coMplef&l between 'Syston --and Peterborough.
'This mode.of communication had-been found extremely
useful in securing -the. aoctirate working of the trains,
and the directors •-cOngratirlated - the proprietors on- its
'adoPtion.. The superinteddent of the Licometive depart
merit, reported the company's stock of engines to consist •
of 122, inclading ten new'ones; which-had ben put on
•the line ddringthe last six Months. -siriety-nine of this , -
number were now •g64'wer'king order; and the car-
riage andlwaggoiviiteickt.belonging.teth(s;•eotnpany, was
also in improved. working condition. The line -from
Nottingham to Lincoln was opened'on the'4th of AUgust
last, but, until-the stations at Lincoln and,New,ark,were •
-more completel-
partial:- An -e:
Rolleston,
SOuthwell, alio,
,portion—of'the'S
,Syston to Melte-
last, and th. 6 lif
2d ofpaohcrli
to Peterboreugl
between'isTraoli
the. 'grerli!ecii
shire-- was c('
the success
The'jta,
nder7Lyn,ie, ..,eter. place, ... been
opened foi-traffic. The Eraw ash Valley line, from Trerit
to Pye bridge-14 miles- would 'be op, heel' during . thiA,
ensuing summer, aindra-junetion withtbe Midland• Rai-
l,
'way, near„the north end 'of Clayeross ,Tunnel, between
'Trent and Chesterod=nea-r. thile„•-•—is being pro-
ceeded with.. Sotnidea'of the traChclobeanticiPlieed from
this: extension.raight ,be-gathered from the-fact, that in
-theyear 11345., no less 00;000 of coal were
taken, out of this -J.2,,,11q,,0n1y' tons of .which passed',
over works of the Leicester
and' SWitilninoton braich'whilld be- let in a few daysi •
and n ex nston frOm,(llaierosi-to-Newark,
-tingham to Min4fieltielitld'rye:Bridge, would be staked
out 'in ft; fOw:days.. The', retiring ,dirketors were Mr.
Air llutehirison --indiAlr Lewis, each of-- •,
whom was eligible, itnd offered himself for re-election.
The'rePort Iniving been react; . •
The CHAIRMAN'. said he had breat plekuire in sub;,- _
mitting.,. the'. same for
...the adoption 'of= the meeting.
lie trii.•tecl the • results it 'exhibited ,weibld be per 7
icctly satisfiiCtory to the:sliarekolders, and looking
at the enormous amount of .business transacted
during the - past six months, and the, -.probable
increased cost, had the various linen not' been 'under ' .
one management, if they still wanted any proof of the
great benefits resulting from the consolidation which had ' '
taken place, the results of the half year just clokeAr44,lllld
give it. them. Moreover it was not alonetiteatiVelioi-
ders wh6 were benefited by the
lie also-derived " -is ref

- . 4
/40, niik`
9 of r
van et
-uffie,

bursements for passenger traffic, .during the last tn.
months, over that for the preceding half-year had been
29,0001., for which amount 500,000 passengcxs had been
conveyed over the line, at an average cost of little more

than Is. for each person.—(Hear.)- While the share-
holders, therefore, had received only 19,000/. the public
had been benefited to the extent of 80,0001. or 90,0001,
—(Hear, hear.) lie (the Chairman) could not fail also

to congratulate the proprietors on what he thought he
might fairly call the successful management of the rail-
way, and its perfect freedom from accident. Upwards
of two millions of inhabitants had been conveyed over
the line during the last six months without injury to a
single passenger, a fact which the directors felt a natu-
ral cause for congratulation.—(Hear, hear.) After al-
luding to the extensions referred to in the report, the
Chairman remarked that he thought, now the temporary
excitement in the railway world had subsided, there was
little fear of any interference with private enterprise by
the Imperial Parliament, and concluded his address by
formally moving the adoption of the report.
The DEPUTY CHAIRMAN seconded the motion.

Mr. MERCER, of Bristol, wished before the report
was put to the meeting, to inquire what was the financial
conditions of the Birmingham and Bristol line. There
was no mention made of this in the report, and was
there a profit or loss upon it ?
The CHAIRMAN said there were good and substantial
reasons for not rendering this account at the present
moment. Negociations were now in progress, the re-
sult of which he bad no doubt would be satisfactory to
all parties.—(Hear, hear.)
Mr. BRANCKER, of Liverpool, wished an explanation
of an item he did not understand in the creditor and
debtor account which had been issued to the share-
holders ; he alluded to the sum of 5,866/. ss. 2d., placed
under th head of " Compensation Account ?"
The CHAIRMAN replied that out of this amount a
large sum had been paid to the surviving members of
the family of Mr. Bowler, who was unfortunately killed
during last year near Masborough. He had wished to
make up a subscription, and offered to head the list with
a donation of 5001., but it had been thought advisable
the sum should be paid out of the company's funds, and
thus it appeared in the accounts. '
Mr. BRANCKER thought the chairman's explanation on
this point quite satisfactory, but before he sat down he
wished to urge the propriety of the company following
the example of other companies, and become carriers
on their own account ?

The CHAIRMAN expressed some surprise at the Hon.
Proprietor's question, and read from an official return
for the half year the respective amounts of tonnage car-
ried by the company themselves, and also by the car-
riers. They were as follows :—By the company, 189,000
tons : by the carriers, 126,000. He (the chairman)
would never be a party to exclude the carriers from the
line, inasmuch as he considered while they paid the
company's rate of charge they were fairly entitled to use
the railway.—(Hear.)
Mr. BRANCKER said the Midland Company had under-
taken a great many employments, but in the accounts
issued to the proprietors no mention was made of the
profit or loss accruing on each. lle thought this was
an omission which should be rectified, and he should
urge it again and again until it was.
The CHAIRMAN complained of the apparent imputa-
tion on the competency of the directors conveyed in the
proprietor's question. He for one was not all ambitions
to continue in the office he now held unless the directory
o off wthhei cshhha
shareholders.—(Hear,
If Hcoonnfi
.dce
nbeerarp,oshseeasrs.r)d
thefull
aersm.—ein(
that now the consAidation of all the lines had
taken
Pro-
prietor knew anything of the matter he must see at once
place, if separate accounts for each were required an ad-
ditional secretary, and a double set of clerks, at least,
would be required.
Captain WATTS saw no credit given for interest on
the funds in hand. Perhaps the chairman could explain
thisT hoemicssnioAnl,RamsliNt
said appearedthe to him
money
in
t o be.thei
their bankers'
hands was always allowed the market rate of interest
and explained the manner in which the gallant captain
had been misled.
PROPRIETOR was very anxious as to the future
A
prospects of the Leeds and Bradford branch. He
fear( d it would be a losing speculation.
The CHAIRMAN said the debtor and creditor account
would shortly be published, and it' the shareholders did
not like it, he would take the line off their hands himself.
Some further questions on matters of minor importance
having been put, and answered most satisfactorily, it
was unanimously agreed to award a sum of 5001. to a
committee of five of the directors who had been specially
selected to superintend the purchase of land, &c., re-
quired for the new lines.
The retiring directors having been re.elected, Mr.
RUMMY proposed, and Mr. GRAND seconded, a vote of
thanks to the directors, which was carried by acclama-
tion, the meeting broke up.

BENEFITS FROM TELEGRAPHIC COMMUNICATION.--.
During the past week a vessel grounded in the Humber and
was in dange- of being wrecked. To save her very prompt
asiistance was requisite; and the aid of a powerful screw
propeller being required, the telegraph from Hull made
known the want at INlPweastle-on-Tyne, and by first train the
much-needed screw was forthcoming, and thus property was
saved by this prompt assistance exceeded ja value coral-
' &ably I,oool,—Hull4dvertiser.

el); furnished, the traffic "Would-be only
extension frOm Tewark to-Clayeros, from
a, the Notfirigliam arid Lincoln line,, to
lout three miles;;,..will-shortly be opened. A .
ke Syste-ii ~and; -,,V.,-kietbin•oligh line, frea
ton. v‘ as :b.pen Akin' the 2d o?'Septem bor.
!iith from Stani foYdgbgeterglitigh,s6ii4 he
bul,t`VnfiMe'ntrote.,irf7fr:o SY4 on
Q 117" for-infirg: iialioclvn acniimiinication
31k and CatiblidkeAlte; and with
oal ' and7.4in'iri;l d4fTicts of I)erby-
omplet6ll;. it:, was 11*(1Y-1:anticipated that
oftthis hfanrch could ;be 'fully- deve-
anaiOn-With the Manchester and Ashton-
.
and•Slieffield at the 1 ,tter, place, had been •