The Sun.
London, England, 1841-09-04 00:00:00

The half-yearly meeting of the shareholders in this
undertaking was held in the large room of the York
Hotel, on Thursday last. Mr. Thomas Ashton, Chair-
man of the Beard of Directors, occupied the Chair ; and,
after he had read the advertisement convening the met-
ing, and the seal of the Company had been affixed to the
register of proprietors produced,
Mr. LYONS one of the Directors, read the Report,
which stated, that the Directors did not entertain any
doubt as to the completion of the various works at the
specified time—namely, the 12th of March next ; and
they confidently looked forward to the opening of the
to Crewe before the close of that month. The '
re-
suit of the negotiation with the Manchester, Sheffield,
and Ashton-under-Lyne Railway Company, had been
an arrangement, which the Directors believed would
prove beneficial to both Companies. The joint station
is to be erected at the cost of this Company ; and the
Sheffield Company are to pay an adeqna.te annual rent
for such portion as they may occupy ; this payment will
be altogether independent of the tolls to be levied, for
the use of the line, between Chancery-lane, Ardwick,
and the Manchester station. The amount of loans re-
ceived up to the 31st of July, was 352,329/. 9s. 6d., and,
after satisfying all current demands upon the Company,
there was then a balance in hand of £158,800 3s. 10d.
Since that time a considerable amount had been received,
and several large sums had been engaged, and the Di-
rectors continued to receive tenders of loans weekly.
They had therefore no hesitation in again stating their
decided conviction that it will not be necessary to it ake
any further call upon the
.proprietors. Mr. Bulkeley
Price, Mr. Henry S. Chadwick, and Mr. Henry T. Wor-
ley, had been elected Directors, in the room of Mr.

Jt;lin Brooks, Mr. Henry Tootal, and Mr. Robert C.
Sharp, who tad resigned since the last half yearly meet-
ing. In compliance with the provisions of the Act of
Parliament, the following five Directors retire from
office by rotation :—Mr. Robt. Ogden, Mr. Henry T.
Worley, Mr. Leo Schuster, Mr. Bulkeley Price, and Mr.
Joshua P. Westhead.

From the statement of accounts from the Ist Feb. to
the 31:4 July appended to the report, but which was not
read, it appeared that the amount received from passen-
gers and parcels was 8,666/. 13s. 4d.; and that the coach-
ing disbursements amounted to 4,5361. 12s. Bd. The
amount received on deposits was 150,0001; on calls,
963,1841.; on mortage, 352,3291. 9s. 6d. ; and that the
total of the receipts was 1,515,0451. 2s. ld. The dis-
bursements included items for expenditure in 1835-6-7,
157,745/. 7s. sd. ; land and compensation, 479,601/. ss. 11d. ;
works, 461,629/. 17s. 3d. ; permanent way, 121,770/.145. 7d. ;
stock, 85,131/. 15s. 3d.; and other items, making alto-
gether, 1,376,244/. 18s. 3d.; leaving a balance in favour
of the company of 138,8001.35. Bd.
_ _

Mr. BUCK, the engineer, then read the Report, giving
an account of the various contracts, all of which are in
a forward state, except the Wilmslow contract ; and he
said that, since the Report was drawn up, much greater
energy had been displayed by the contractor, and such
arrangements made as would leave no doubt of the works
being completed within the period specified. The Re-
port also stated, that the experience of the past six
months had tended to confirm him in the opinion ad-
vanced in his Report of February last, that there would
not be any excess upon the contracts then stated, name-
ly, about two per cent. upon the lettings.
.sir. RICHARD BIRLEY moved, " That the Report cf
the Directors he received, and, with the statement of ac-
counts, printed for circulation amongst the Share-
holders."

Dr. LYON, in seconding the motion, said he trusted
they might now say that the prospects before them were
clear and promising.—Carried unanimously.

NORTH MIDLAND RAILWAY.

The tenth half-yearly meeting of proprietors in this
railway was held at the Derby Station on 'Thursday
last. About 150 Shareholders were present. Gorge
Carr Glynn, Esq., Chairman to the Bard of Directors,
presided. The Chairman having noticed certain charges
of unfairness made against the Directors, the Report
was read ; from w hich it appeared, that, after the ne-
cessary expenditure incurred, there was a sufficient
surplus on hand to warrant the Directors in recom-
mending a dividend of 21. per share on the hundred
pound shares, and 11. on those of , fifty. The traf-
fic, as compared with last year, had increased 64 per
cent., without occasioning any additional outlay
to the Company. " All the works on the line,
including the tunnels, are (says the report) in the
most efficient state ; and, when the station at Nor-
manton (now erecting at the joint expence of this and
the Manchester and Leeds, and York and North Mid-
land
Companies) is completed, little more will remain to
be done." The Board determined forthwith to close the
ricat;ca 111 London, and LO uoncontrate the whole estab-
lishment in Derby. The receipts for the half-year end-
ing 30th June, 1841, with the balance in hand from last
year, amounted to 125,869/. 19s. 6d. leaving, after de-
fraying all expenses, a surplus of 47,825/. 7s. 7d. The
net profit for the half-year amounted to 16,000/. The
Chairman stated, that they had realized a very handsome
per tentage on the surplus revenue, aim mat a. eduction
in the expenditure had been resolved on, and was now
being carried into effect, amounting to 14,0001. per an-
num, without in any respect impairing the efficiency of
the works.

The Report stated that " The opening of the Great
North of England line has undoubtedly proved very ad-
vantageous to the North Midland, but as the railway
communication northward terminates at Darlington, the
Directors have been extremely anxious that the accom-
modation by coaches should be improved, and they are
happy to state that satisfactory arrangements are now
made by which the public ate conveyed the whole dis-
tance from London to Edinburgh in twenty-seven hours.
This, however, is not sufficient ; the completion of the
line from Darlington to Newcastle is of the utmost im-
portance, and measures have been taken to promote this
abject in conjunction with the other Railway Companies
interested in the extension, which the Directors trust will
be seconded by the earnest and zealous co-operation of
the Proprietors of the North Midland Railway."
The report having been adopted, a discussion took
place as to the propriety of reducing the fares ; but the
meeting separated without proposing any formal resolu-
tion on the subject.