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04

UCKINGHAMSHIRE RAILWAY.

(THIS DAY.)
The htV.f-yearly general meeting of the share-
holders in this company was held at the Euston Sta-
tion. Mr. Humphries, a local director, presiied in
the absence of Sir Harry Verney, Bart., M.P.
The following is a copy of the report for the half-
year :

"The directors have now to lay before the proprietors
the half-yearly statement of accounts to the 30th June,
1851. The total expenditure to that date has been
1,195,5811. 17e. sd. The line having been opened
throughout to Oxford on the 20th May last, and being
now completed, the formal lease of the undertaking to
the London and North-Western Company, under the
Powers and provisions of the company's Acts, has been
drawn up by eminent counsel, and the engrossment has
been drily sealed and executed by both companies. The
line being thus formally leased to the London and North.
Western Company, and the works being completed, the
functions of your directors will, after the settlement of
all outstanding claims and accounts, in connexion with
capital, be confined to the business necessarily connected
with the receipt and payment of the guaranteed dividend
to the proprietors."
From the statement of the accounts it appeared that
the total amount of expenses was 1,195,5811. 175.5 d.,
and the receipts 1,199,6261. 1 le. 9d.; leaving a
balance of 4,044/. 14s. 4d.
The CHAIRMAN said he was happy to inform the
Meeting that the directors had brought their duties
to a close. The railway was now made, and he had
great pleasure in stating that all due diligence had
been used by the local directors and others in bring-
ing their affairs to a favourable issue. He trusted
tand believed that the undertaking would not only
°e profitable to the shareholders, but also profitable
to the North-Western Company. As a local direc-
tor, he would take that—perhaps the only—opportu-
nity of thanking the gentlemen connected with that
company for the, valuable assistance they had ren-
dered to the board. They had through-
out shown every desire to promote the
Welfare of the line ; and he firmly be-
lieved that it was as much their interest as it was
their desire to promote its further welfare. There
now remained very little for them to do. Certainly,
if they had had the experience they now possessed
they would, perhaps, have used more diligence in
regard to economy in the management. They had,
however, done the best they could under the circum-
stances, and endeavoured honestly to perform their
duties as directors of the company. He thought it
right to mention that though the report stated the
lease was duly sealed and executed, such really was
not the fact ; but this omission arose entirely from
an accident, and in the course of the day the lease
Would be formally executed, assigning over the line
to the North-Western Company. The local direc-
ors had taken every precaution to see that the lease
Was properly drawn up. The matter was not left
entirely to the North-Western Company, as great
care was taken to so prepare the deed that the rights
"11 both the parties interested might be preserved and
Protected. The deed as now settled entirely met
with his satisfaction and that of the other directors.
"the Chairman concluded by moving the adoption of
tbe report.
kr• GLYN, M.P., seconded the motion, and ex-
plained, in regard to the deed, that everything had
::0 agreed upon, and that all now wanted was the
d!'llai manual labour required in engrossing the
D,`". The solicitor's clerks had not yet finished en-
?'°a4inte the document, but he assured the meeting
at no further question or discussion could arise in
respect, to the terms it contained, which were now de-
4nitely determined.—(Hear.)
A SIIA.REHOLDER wished to know if the chairman
t
°11„,ld give them any idea of their future prospects ?
The CHAIRMAN said they might be sure ,of receiv-
fg 4 per cent., but he would leave the rest to the
Citlire•—(A laugh.) He honestly assured them he
not despair of getting what was termed half-
pr''
th°nts, as he considered the time would come when
„e receipts would enable them to divide these addi-
'tonl sums.
~,,Tne report was then adopted.
41. r. Richard Carter and Major-General Mclnnes
were elected auditors for the ensuing year.
LIA.RRY VERNEY here entered the room, and
teing apologised for his want of punctuality, took
to
Chair which was vacated by Mr. Humphries.
the
said the duties of the directors had terminated by
t line being completed from Bletchley to the two
t
i 41141, ini—Banbury in the] one direction, and Oxford
to 'ne other ; and the directors were extremely obliged
re the proprietors for the confidence they had always
tiaPosed in their management. He was anxious that
e. 37 should be informed of the number of passengers
1,0
40 bad availed themselves of the excursion trains,
tltl he thought that was a subject on which they
to take considerable interest. From the sth of
ay to the 3d of August, 1851, no less than 7,072
trtons had travelled by these trains on the two
,O,ranches of the line. Great enjoyment was not only
;°orded by excursion trains, but they were really a
1,73? great advantage to the company. The people
titter
led by them to take an interest in higher and
things than formerly. They derived not only
tt.lresYrnent and amusement by joining in cheap ex-
hadlol32) but were also instructed and informed, and
tee. opportunities which they never bad before of
g the beauties of nature, and all that was inte-
4stin
gor beautiful in works of art. The coal traffic,
'eh
eel° Was also of great importance, had been de-
ter flop
to a considerable extent. The num-
to of tons conveyed since May, 1851,
t, he different towns, was as follows :
3,4llsi°w, 4,500; :Buckingham, 2,600; Brockley,
edou Banbury, 5,000 ; Claydon, 1,000; Bicester,
tWo ; Islip, 1,200 ; Oxford Road, 7,400. The last
tu4l,l3llnabers only comprised the total amount of coals
title e3'ed since last December, and a much larger
Pseas, therefore, anticipated in the ensuing year. It
04,8 Might not be known that the opening dinner,
lie l'arcl, Mr. Alderman Sadler stated that since the
/
tffett 114(1 been opened a; saving of 20,0001. had been
for eicl, in the purchase of coal, in the town of Ox-
tt, alone. Indeed it was difficult to say what was
taiellettial amount of saving in the district in conse-
teaLee of the facilities afforded for the conveyance of
1410 Ail who lived in the rural parts of it must
fsottig What all classes, but especially the poor, felt
her ;be want of an adequate supply of coal. Many
Isere labourers who got wet in the cold season
la, often obliged to wear their damp clothes
'N dIV) because they could not afford to get
4ioo thoroughly dry. Nothing, in his opi-
tee',Was more injurious to the health of the
a be°Pulation than a circumstance of that nature.
tispo!neved that public attention had not been suffi-
the 3' drawn to the fact that want of health among
Pae
thel)
n L e entailed a very large amount of expense on
tht It'ion. Fuel was, therefore, a great requisite for
semeoinfort of the poor. But the advantage of a
kecrlPply of coal in Buckinghamshire was exem-
it• hr, In other ways. They could do nothing there
iactlt'llt good drainage, and tiles could not be menu-
thertted unless they had plenty of materials to burn
t 4, „ With. Another feature of great importance was
l'tliattle traffic. He considered that, as this was a
i,ttießood grazing county, considerable quantities of
,Nat ,_'would be fattened for the London market, and
along their line to the metropolitan markets.
s/• I')ropany had powers, under the Act of Parlia-
d. to form a junction with the narrow gunge of
'lir refit Western at Banbury, and thus have a
ect ,e
1,154 °rnmunication to Birmingham. Such a junc-
ti• ias of the greatest importance to the company,
e Great Western had not offered them the fe-
ttle ,'l5 they ought to have done, to carry it out ; but
1141 'rectors possessed the power to make the junc-
41,and they would avail themselves of it.—(Hear.)
4pa`ttred. a vote of thanks to the Chairman the meeting
rEtt

Okt,
'ORD AND BANBURY RAIL-
WAY.—(THIS DAY.)
to.da: half-yearly meeting of this company was held
Aotiiit at the Euston Hotel, Euston-square ; Mr.
The °II in the chair.
IttlijohrePurt stated that the directors had been most
rtin's to return to the proprietors the unexpended
the of the deposits arranged on satisfactory terms,
- ornmittee, which was appointed to confer
Be with them, had made no communi-
Nept- '4, them, influenced, doubtless, by a move
f‘3 f %Which had taken place on the part
landowners in the district, in
Z.? th,adroti-
"Imaking the line, and consequently of calling
'11(41- Buares. Until the movement had, therefore,
b
taivie.a further shape, and the parties acting in it t had
hil°ole tangible proposition, no further steps
tiP th,,4 initiated by the directors towards winding
Ithe Stio" „affairs of the concern. From the accounts it
~se4 that the receipts amounted to 26,0581., and
44144-eleuses for the half-year to 1521., leaving a
tTII Of 25,9061.
• eaeiPaiastari, in moving the adoption of the re-
• 847, Mr. Watkins had visited the district, and
5m,41:1:,-,'° give the Act to the landowners if they felt
;',to make the line, the directors undertaking
`.(e 'mPedirnent should be thrown in their way.
4440—Grraed them also, that before they could com-
-444, e the works, they must fill up the subscription-
tohilthterwahsiett
eNiv.:swnssot at present completed. and added
a tunnel on the line, and some
goal „cleavY wells which would cost a great
`4,_)tatia,, ropey, they had better, before they
Nos -"ed operations, get an amended Act and
kt,tien a cheaper and more economical line. At a
Were gl at which Earl Spencer and other landowners
°ffez. Present, in favour of carrying on the line,. the
thal. tnade by the secretary was mentioned, but since
4,1,,t,''.1e directors had heard nothing from the land-
There the district.
Itir port Was then adopted.
TheePlY to some questions
tomo SRCIIXTARY Mr. Watkins, stated that the
third 11,,and North-Western had agreed to take one-
he tear th, on condition of the public taking
°if but as only a limited number f the two-
.