The Sun.
London, England, 1848-09-02 00:00:00

EAST ANGLIAN.

The half-yearly general meeting of this company was
held on Wednesday at the London Tavern, Mr. Henry
Bruce in the chair.

The preliminary business having been disposed of;
The SECRETARY read the report. It stated that the
present weekly revenue of the company averaged 6001.
per week, being an increase upon the results of the last
report of more than 40 per cent. It then set forth that
the interests of the company have been, and continue to
be, seriously affected by the non-completion of the line
between Swaffham and Dereham, a portion of the rail-
ways which the directors regard as likely to be very
productive. They are happy to state that this line will
be ready for public use in the course of a few days, and
the communication between Lynn and Dereham, and
thence to Norwich and Yarmouth, will thereby be
completed. Some further time, however, must elapse
before adequate provision can be made for the goods
traffic. The additional capital created under the resolu-
tions of the last meeting, so far as it has been yet taken,
is in course of payment, and the directors are availing
themselves of the portion of these receipts applicable
to improvements to place the business arrangements
of the company upon a more satisfactory foot-
ins; but a reference to the financial statement con-
tained in their last report will show that a considerable
•further portion of this stock must be taken up before
they can afford those facilities for traffic without which
the resources of your railways cannot be fully developed.
They have also, in pursuance of the intimation conveyed
in the last report, directed their particular attention to
the subject of coal traffic, and they believe that by the
arrangements now in progress a very satisfactory busi-
ness may be done in this department. Active measures
are being taken by,the company incorporated under the
Norfolk Estuary Act, in conjunction with the authori-
ties at Lyun, and other influential interests, to give effect
to that Act, whereby the channel will be greatly im-
proved and deepened, and Lynn will be renderal acces-
sible to vessels of very large burden. This measure,
when carried out, will render Lynn the most advan-
tageous port for vessels plying to and from all the
northern parts of England, Scotland, and the Continent,
and will have a most important influence upon the inte-
rests of this company by adding largely to its revenue.
The company's extensive and very valuable property at
the harbour (bounded on one side by the Ouse and
on the other by the Yar), and the facilities there
afforded for the loading and unloading of sea-borne
goods, will enable them to accommodate this expected
increase of traffic without the necessity of further pur-
chases of land.
The accounts to the 30th of June showed that
1,176,2631. had been received, including 7,2541., the net
produce of traffic, and 1,167,1041. expended, leaving a
balance of 9,1681. at the bankers.
Mr. BRUCE, the chairman, moved, and Mr. CARDEW
seconded the adoption of the report.
Mr. PoNenza moved as an amendment, "that the re-
port, with the accounts, be not received, but that a com-
mittee be appointed of not less than five shareholders,
with the chairman and another director, to examine into
the condition of the company's affairs ; that they report
to the company; and that this meeting adjourn till that
report be made." Mr. Puncher entered at great length
into the financial statement, but his remarks bore more
upon the slovenly manner in which be alleged it had been
drawn up than upon its entire inaccuracy.
Mr. COLEDEN seconded the amendment, and a long
discussion ensued embracing every subject connected
with the past mismanagement or present management of
the company's affairs.
Finally the amendment was lost, and the original mo-
tion, "that the report be adopted," was carried 1/ a con-
siderable majority.

MARYPORT AND CARLISLE.
The half-yearly general meeting of the shareholders in
the above company was held on Wednesday at Mary-
port; Mr. F. L. B. Dykes, of Whitehaven, chairman of
the board of directors, presided.
,CtrartailinAcNo,mminonope withninagll the proceedings,
m aTrhkeedthey
had felt the effects arising from the monetary pressure
during the last half-year. le was sorry to say that
there was a decrease in the traffic for the halt-year
amounting to 2,4234 but as that diminution arose
chiefly from the traffic in coals it must in a measure be
attributed to the unsettled state of the sister country.
Every effort had been made by the directors to reduce,
consistently with the safe working of the line, the ex-
penditure, and they were enabled to effect some consi-
derable reductions. Owing to the bad state of the money
market, the directors had been compelled to increase the
rate of interest upon loans which they had been forced
to contract for carrying on the works. The total amount
required
to be paid under this head for the half-year was
6,558/. 9s. 2d., which made the total expenditure for the
half-year 13,825/.
The report stated that the gross revenue for the half-
year ending the 30th of June last was 13,641/., showing
a decrease of 2,4231. as compared with the corresponding
half-year of 1847, which was principally in the revenue
received from coals and coke. Principally owing to the
state of the money-market, there had been an increase
in the item of " Interest," making a total expenditure
for the half-year of 13,8251. The directors had entered
into en arrangement with the Carlisle, Annan, and
Liverpool Steam Company, for the running of their boat
Royal Victoria in conjunction with the railway, between
Liverpool and Maryport, once a fortnight. The direc-
tors had purchased some new machinery charged under