The Sun.
London, England, 1848-08-30 00:00:00

RAIL WAY INTELLIGENCE.

LONDONDERRY AND ENNISKILLEN.
[ The half-yearly meeting. of the above company was
held yesterday at the offices, Guildhall-passuze; Mr,
J. G. Frith in the chair.
The report stated that an Act had been passed by
which the line was limited to Omagh, and the capital
reduced to 340,0001. The claims of It r. Leishman,
amounting to 43,737/. 13s. 10d. had been reduced
to 34,8741. 12s. 3d. The balanco-sheet represented the
receipts, including 385/ 13s. 9d. carried from the last
account, to be 4,266/. 12s. 6d., and tho expenditure to
be 3,896/. 16s. Bd., leaving a balance iu hand amounting
to 3691. 15s. 10d.
The report was adopted; after which the meeting was
adjourned till the 19th of September, when it is pro-
posed to take the opinion of the shareholders+ as to the
mode in which the powers of the new Act should be put
in force for re-arranging the capital.

NEWPORT, ABERGAVENNY, AND HEREFORD.
The half-yearly general meeting of the shareholders
in the above railway company was held yesterday at the
London Tavern; Mr. W. E. Fitzmaurice iu die chair.
The report stated that the works had been suspended;
a further instalment of the purchase money of the
Hereford, Grasmont, and Llanvehangel Tramroad Com-
panies had been paid. The balance sheet showed that the
receipts of the past half year had exceeded the expenditure
by 1,783/. 2s. 9d. The total expenditure up to the present
time amounted to 79,6471. I Is. Bd., and the receipts to
85,2751. 7s. Bd., leaving 5,6271. 16s. in the coffers of the
company. The arrears of calls received during the past
ball-year amounted to 10,4461.
The report was unanimously adopted, and the meeting
terminated after passing a vote of thanks to the Chairman
and directors.

DIRECT LONDON AND PORTSMOUTH.
The usual half-yearly general meeting of the pro-
prietors of the above line was held yesterday at the Lon-
don Tavern; Mr. W. A. Wilkinson in the chair.
The report expressed regret at the loss of the
Bill to enable the London, Brighton and South
Coast Railway Company to hold shares in this
undertaking, in accordance with the arrangement
which had received the sanction of the proprietors of
both companies; the directors, however, hoped that they
might still be able to effect some arrangement under ex-
isting powers, which would enable this company to
commence the construction of the first portion of
the line, namely, that between Epsom and
Dorking, upon terms which would afford the
proprietors a remuneration not only for any fur-
ther amount which might be required for such
purpose, but also for the capital which they had already
expended. The proprietors were aware that several
heavy claims against the company existed under con-
tracts for the purchase of land, and compensation, which
were made during the progress of the Bill in Perlis •
ment, the conditions of which the company were bound
to fulfil within a certain period of the passing of the
Act. It would be satisfactory to the proprietors to learn
that the directors had succeeded in compromising the
most important of these claims, upon favourable terms.
The balance-sheet represented the expenditure of the
past half year to be 14,708/. 15s. 5d., and the balance in
hand to be 32,4951. Ils. Bd.

The report was adopted after a short discussion, and
the meeting olosed with a vote of thanks to the Chairman.

WIIITEHAVEN AND FURNESS JUNCTION.
The usual half-yearly meeting of the shareholders in
the above company was held yesterday at the offices of
the company, Guildhall-buildiugs; the Earl of Lonsdale
in the chair.
The report stated, that to complete the line to Bray-
stones there remained to be expended 9,5001. and 26,000/.
further to complete it to Ravenglass; about 22,0001. mere
would be required to complete seven miles in addition
to beyond Bootle, on which last section 14,0001.
had already been expended. There would then
remain the southern ten miles of the line to be com-
pleted, namely, between Bootle and the Furness Railway.
There were, therefore, three alternatives which have oc-
cupied the attention of the directors in considering the
question of a partial opening of the line, viz., from
Whitehaven to Braystones, being eight miles, at a cost
of 9,5004 ; from Whitehaven to Ravenglass, being sine
miles more, at a further cost of 26,000/. ; from
Whitehaven to Bootle, being six miles more,
at a further cost of 22,0001. Tho second of
these alternatives was the one which, it is believed,
can be accomplished during the ensuing half-year, and
the directors are of opinion that with a further call of
11., payable in December, the means at their disposal
would enable them to accomplish this. Upon the
southern portion of the line the directors hoped to effect
a saving of 37,0001. under an Act which they had ob-
tained this session. The balance sheet showed that the
total receipts up to the present time amounted to
136,679/. Is. 6d., and the expenditure to 134,008/. 4s. 3d.,
leaving 2,670/. 17s. 3d. in hand.
The report was adopted, after which thanks were
voted to the Noble Chairman, and the meeting broke up

LIVERPOOL, MANCHESTER, AND NEW-
CASTLE JUNCTION.
The half-yearly meeting of this company was held at
Manchester, on Monday; Mr. Ffrance in the chair.
The report stated, that the directors had to express
their extreme regret at the failure of the Bill for the dis-
solution of the company; that they would spare no ex-
ertions during the autumnal months to effect some ar-
rangement, which may render the construction of the
line, or some portion of it, commercially advantageous
to the proprietors. Should they fail in their endeavours
it may become desirable to renew the application to Par-
liament for powers to abandon the line; but the share-
holders will be called together to consider whether they
will go to Parliament or not. The directors will insist
“n the most rigid economy, forego all remuneration to
themselves, and reduce the expenses to a maximum of
5001, and the salary of the secretary to 3001. The ac-
counts showed that 182,6281. had been received, and
108,7491. expended, leaving a balance of 73,8791. in
hand.

The CHAIRMAN said he had no doubt the directors had
expressed what they felt with regard to the rejection of the
dissolution Bill. His own opinion was,what it had ever been,
that they should not dissolve the company, but remain quiet
for a time till a more favourable opportunity should occur.
Such was also the opinion of Mr. Houldsworth. The
Dissolution Bill was thrown out by the Lords on ac-
count of the weakness of the evidence in favour of it.
It was for the shareholders to decide whether they
should again apply to Parliament for a Dissolution Bill,
or whether they would wait for better times to pro-
ceed with the line. He then moved the adoption of
the report,
Which was seconded by Mr. PLEWS.
Mr. LEEMAN said, that there was a balance of 73,8791.
still in the hands of the directors, and that it would be
desirable,'if the shareholders would resolve to have their
money returned to do so, reserving a balance of 4,0001.
or 5,0004 to meet current expenses, but suspending all
works.

Mr. T. ATKINSON said, it appeared from the accounts
that the amount of the expenses on the Dissolution Bill
was 1,922/. He wished to know, was that all ? or what
were the liabilities of the company with respect to that
item ?

The CHAIRMAN believed it was not the whole amount
of liabilities, and they did not know what they were.
After a long discussion resolutions were passed, ap-
proving of that part of the report which related to re-
ducing the expenses and suspending the works, and re-
questing the directors to call a special meeting on the
19th of September, to consider the propriety of return-
ing a rateable amount of the money to the shareholders.

WIIARFDALE RAILWAY.
The half-yearly meeting of this company was held on
Wednesday at Skipton 01r. F. Billam in the chair.
The report stated that an extension of time had been
granted for the purchase of land and completion of
works. The directors had abstained from any active
prosecution of the works during the past half year.
They have thought it advisable to discontinue the pay-
ment of interest to the shareholders, and to reduce their
staff and establishment to the lowest possible point, and
the ordinary expenses of the company are now under
WO/. a year. The directors reiterate their previously
expressed conviction of the soundness of the undertak-
ing, and that its resources will be found fully equal to
the expectations entertained when the company was pro-
jected. The accounts to the 30th of June showed that
64,960/. had been received and 41,8891. expended, leav-
ing a balance of 23,0711.
On the motion of the CHAIRMAN, the report was
adopted, and the common seal of the company affixed
to the register of proprietors.

LEEDS AND THIRSK RAILWAY.
The half-yearly meeting of this company was held at
Leeds on Monday; Mr. H. C. Marshall presided.
The report stated, that the gross receipts for goods
and coal traffic, for the half-year ending June 30, on
the railway, was 1,640/., and for the four weeks during
which it has been used for passengers the receipts on
that account have been 182/. The account of expendi-
ture and receipt showed a balance in favour of the com-
pany amounting to 8861. 13s. 9d. The opening, for
passengers, of the portion of the line referred to—from
Thirsk to Ripon—took place on the Ist of June last.
The receipts from the Ure navigation property, pur.
-.
chased by this company, for thetpast year have been
contracts, 2,0951., and the net proceeds therefrom 1,7041., which
will pay about five per cent. upon the purchase-money.
An additional portion of the line—from Ripon southward
is now
nearly completed, and, it is expected, will be
Wharfe,
ei
ne to nt - le
a ne,
Ripon,
near
Nidd, and r
the
and
north a
n n banka
i
of
the
including Vclludg the
goods and passenger traffic in a week or two opfrom the
present time, which will make a total of about 28 miles
of railway available for the accommodation
of the
public. Owing to the recent depressed condition lof the
monetary affairs of the country, the directors have not
been able to take up any considerable sums of money on.
loan during the last six months. They have conse-
quently been under the necessity .
of making regular calls
on both classes of the company's shares up to the pre-
sent time. Arrears of call on account of the original
shares remained to be 01l c
c e ted up to the close of July
to the amount of 18,5601., in addition to which there
were 33,802/. of arrears on shares which are forfeited,
but on which
86,1121. had previously been paid. The
directors are using all necessary diligence to obtain the
arrears now due. The directors propose to submit a
resolution to the shareholders authorising them to raise
by loans the further sum of 159,9331., the amount au-
thorised to be raised under the powers of these several
Acts. In consequence of the difficulty of obtaining
money on loan the directors recommend the share-
holders to empower them to capitalise such amount of
the loans authorised to be raised as may be found neces-
sary, and in lieu thereof to create and issue shares of
such amount, and on such terms as shall be determined
by the shareholders. The new share capital au-
thorised to be raised under the powers of st-
veral Acts this session, by the Melmerby and Northal-
, lerton Extension, 153,0004 ; Harrogate and Pateley