The Sun.
London, England, 1851-08-23 00:00:00

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N°. 18,383.] LONDON, SATURDAY f, , •• 1
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BRITANNIA LIFE ASSURANCE
COMPANY.
1, Princes-street, Bank, London.
Empowered by special Act of Parliament, 4th Vict., cap. 9.
DIRECTORS.
CHAIRMAN— Colonel ROBERT ALEXANDER, Blackheath Park,
Kent.
William Bardgett, Esq., 149, Fenchurch-street.
George Bevington, Esq., Neckinger Mills, Bermondsey.
F. P. Cockerill, Esq., Shadwell, and Twickenham.
George Cohen, Esq., Shacklewell-lane.
Miles Coventry. Esq., White Hart-court, Lonabard•street.
Jahn DreweA, Esq., 4, Princes-street, Bank.
Erasmus Robert Foster, Esq., Cold Harbour-lane, Camberwell.
T. S. Ginner, Esq., 7, Tokenhouse-yard.
11. L. Smale, Esq., Doctors'-commons.
BANKERS.
Messrs. Drewett, Fowler, and Fowler, 4, Prince!:-street, Bank.

Messrs. M'Leod and Stenn7lg,ToZn-street, Fenchurch•street.
ADVANTAGES OF THIS INSTITUTION.
Halt Credit Rates of Premium.
Persons assured according to these rates are allowed credit (with-
out security) for half the amount of the first seven annual premiums,
paying interest thereon at the rate of five per ceut. per annum, with
the option of paying off the arrears of premiums, at any time, or
having the amount deducted from the sum assured should the policy
become a claim

For Securing Loans aad Debts.
A Table adapted especially for the securing of Loans and Debts, by
which the fullest security is obtained on very low, but gradually in-
creasing premiums.
Policies revived, without the exaction of a tine, at any time within
twelve months, if health remain unimpaired.
A Board of Directors in attendance daily at Two o'clock.
Age of the Assured in every case admitted in the Policy.
Medical attendants remunerated in all cases for their reports.
Extract from the Half Credit Rates of Premium.
Annual Premium required for an Assurance of 1001. for the whole
Term of Life.

Half Premium for I Whole Premium after
Age• Seven Years. II Seven Years.
£ e. d. --------
S. d.
30 1 1 9 2 3 6
40 1 9 2 2 18 4
50 2 2. 6
60 3 6 8 • 6 13 4
.. . __—_

E. R. FOSTER, Resident Director.
ANDREW FRANCIS, Secretary.
Detailed prospectuses, and every requisite information as to the
mode of effecting assurances, may be obtained upon application at
the office, 1, Princes-street, Bank, London ; or of the several agents
throughout the country.

NIECHI'S TABLE CUTLERY long bee
famed for its admirable qualities, combinedhas
with cheapnessn.
His manufactory is at 4, Leadenhall-street, four doors from Cornhill.
Balanced-handles, in sets of 50 pieces, 21. 10s., 3/. 10s., 4/. 10s. ;
common kitchen, per dozen, 10s., 125., its. 6d., 215., 255. Table
steels, patent sharpeners, cases of dessert knives. Sheffield plated
goods, Mechi's penknives are excellent and economical, from
Is. upwards. His peculiar steel razors and magic strop and paste
have given comfort to many a suffering shaver, and the ladies pro-
nounce his scissors to be unequalled.

ROBIN'S 295th APPEARANCE.
Unprecedented and triumphant success, nightly before delighted
and over,lowing audiences, at his elegant Salle, 232, Piccadilly,
apposite the Ilaymarket.
At Eight o'clock, every Evening, Mons. and Madame ROBIN
will repeat, by unanimous desire, their inimitable SOIREES
PARISIENNES and FANTASTIQUES, with an entirely New
Programme, which contains all the delusions performed by com-
mand before her most Gracious Majesty the Queen on the Throne,
at Windsor Castle on the 25th of April.
Every WEDNESDAY, at Ilalf-past Two o'clock, a MORNING
PERFORMANCE.
Box Office open from Eleven till Five.

WILL POSITIVELY CLOSE NEXT MONTH.
DR. KAHN'S ANATOMICAL MUSEUM,
315, Oxford-street (Sixteen Doors West of Regent-circus),
will only remain open until the above time, in consequence of his
term of tenancy having expired. Open daily from Ten till Ten, and
explanations given every hour by an Enzlish Medical Gentleman.
Admission—One Shilling.
Dr. Kahn continues to execute orders for Anatomical and Patho-
logical Wax Models on reasonable terms.

The GREAT EXHIBITION and the ROYAL POLYTECHNIC
INSTITUTION.
All the most interesting Deposits at the Great Exhibition will, in
turn, be lectured on at the
ROYAL POLYTECHNIC INSTITUTION.
The present Lectures are on the Chemistry of the Minerals
at the Great Exhibition, including the precious Gems, Crys
ch ta.lhoffnerisa-
tions,&c., by J. 11. Pepper, Esq. Popular precious Gem
Dr Ba
on the recent Total Eclipse of the Sun, with splendid Diagrams, show-
ng the appearances which actually occurred on the line of Totality.
—The Rotation of the Earth, exhibited by Foucault's Experiments.
—The great economy of Cooking by Gas explained.—A. Lecture on
the History of the Harp, by Frederick Chatterton, Esq., with Vocal
Illustrations.—Two Series of splendid Dissolving Views.—Diver and
Living Bell, &c.
Admission, ls. ; Schools, Half-price.
Open daily from Half-past Ten to Five, and every Evening from
Seven till Half-past Ten.

LAURENT'S GRAND CASINO,
Licensed by Act of Parliament.
ARGYLL ROOMS, GREAT WINDMILL-
STREET, ST. JAMES'S.
Sole Lessee, Charles Emile Laurent, jun., 57, Brompton-square.)
OPEN EVERY EVENING,
With LAURENT'S UNRIVALLED BAND.
Principal Cornet-a-Pistons, M. Boulcourt.
Doors open at Ilalf-past Eight o'clock—Dancing to commence at
iiue and terminate at llalf-Past Eleven o'clock precisely.
Admission, One Shilling.
•

\ THE GREATEST WONDER IN LONDON IS
BA T T Y'S GRAND NATIONAL
HIPPODROME, Kensington.
OPEN DAILY.
A Grand Change of Performance every Evening during the Week,
Doors open at Five. Performance to commence precisely at Six .
Private Boxes
Admission to the Reserved Seats - - 3s. Od.
First-class do. 2s. Od.
Second do.
Third do.
--

-C
RE MORN E.—Admission, One Shilling ;
Children, Half-price.
Last Week of Deulin's Ballet, The Star of Beauty.
Re-engagement of Franconi's Equestrian Troupe.
The Four o'clock Performance is free from any charge.
THIS DAT—Resplendet Spanish Galas.
At Four o'clock in the Afternoon, and half-past Eight Evening,
Franeoni's celebrated Equestrian Troupe, from I.e Cirque National
de France, no charge made for the Four o'clock performance.
M. Bosisio, the celebrated composer of dancing music, con-
ducts the great Cremorne Band, and will execute all the
music which he composed and conducted at her Majesty's
Ball at Buckingham Palace. Exhaustless entertainments daily, in-
cluding the Bosjesmans or Bush People, Deulin's Ballet the Star of
Beauty, the Ethiopian Serenaders, the double-sighted Youth,
Cantello's Egg-hatching, the Bowling Saloon, &c. Doors open at
half-past Two, admission Is., Children half-price. The Hotel affords
every accommodation for private and public dinner and suoper par-
ties. Steam-boats and omnibuses nightly after the entertainmentsoat,
,
the transit being superintended by Directors. Fare, 4d. by B
and Gd. by Omnibus.
On sundaY the Gardens are open in the afternoon for refreshment,
admission by refreshment card 6d. Table d'Hete at Four and Six
o'clock, 2s. Gd.

__—
INJUNCTION to CHEMISTS and PATENT
MEDICINE VENDORS.
'MORISON'S UNIVERSAL MEDICINE.
The public are informed that an Injunction to restrain Mr. Crofton
William Moat, his agents, servants, and workmen, from selling, or
causing, or procuring to be sold, under the title or designation of
MORISON'S UNIVERSAL MEDICINE, or of MORISON'S VE-
GETABLE UNIVERSAL MEDICINE, any Medicine made or ma-
nufactured by him the said Crofton William Moat, or by or under
his order or direction ; and also to restrain the said Crofton William
Moat, his agents, servants, and workmen, from making or com-
pounding any Medicines according to the secret recipe or prescrip-
tion, an 4 from in any manner using the said secret recipe or pre-
part
scription of or for compounding the sedi or any
thereof, has been granted by Vice-Chancellor Turner, at the suit of
Alexander Morison and John Morison. And any person infringing
the said Injunction will be proceeded against without further notice,
British College of Health, Hamilton-place,
New-road, London, August 20, 1851.

MEDICAL ADVICE ON THE
?SECRET INFIRMITIES OF
YOUTH AND Y.
With Plain Directions for their Pre en
ON
STEEL and Cure.
FIFTY COLOURED ENGRAVINGS ON .
Just published, in French, English, German, Dutch, Spanish, and
Italian, in a Sealed Envelope, 25. 6d., or post-freo, from the
Author, for forty-two stamps, V T I N; a
S " F Treatise
ESER
of O
Marriage, and on
Medical on the Physiology
the Secret Infirmities and Disorders of youth and Maturity,
3sually acquired at an early pried of life, which destroy
the physical and mental powers, diminish and enfeebwiletnthrenaa torsi
faelings, and exhaust the vital energies of Manhood;
Observations on the certain Prevention and successful Treatment of
rcca 1
Nervous Debility, Local and Constitutional Weakness,
Syphilis,
stricture, and all Diseases and Derangements resulting from Ines-
eretion, as adopted by Ltelemand, Ricord, and other eminent mem-
bers of the faculty in France. With Fifty coloured Engravings,
Illustrating the Anatomy, Physiology, and Diseases of the Re-
productive °roma, explaining their structures, uses, and functions,
and the various injuries that are produced in them by
solitary
habits, excesses, and infection.
BY SAMUEL LA'MERT, M.D.,
37, BEDFORD-SQUARE, LONDON.
Doctor of Medicine. Matriculated Member of the University of Edin-
burgh, honorary Member of the London Hospital Medical Society,
Licentiate of Apothecaries' Uall, London, Member of the Ilimterian
Medical Society of Edinburgh, &c., Lc.
This work contains a plain and complete description of the ana-
tomy and physiology of the reproductive organs, and of their relative
conditions in health and disease. Dr. La'Mert, who has taken the
highest medical honours, as evidenced by the diplomas and testimo-
nials inserted in the work, is the only legally qualified medical man
who has exclusively, and for many years, devoted his studies to
the treatment of these complaints. lie may be consulted v. ith ad-
vantage by all those whose constitutions may have become debili-
tated through secret practices acquired is youth, or by the excesses
of later years, whereby the pleasures of life are marred, the objects
of marriage frustrated, and existence itself rendered a term of un-
Ceasing misery and regret.
Published by the Author, and may be had of J. Gilbert, 49, Pater-
noster-row ; Hannay, 63, Oxford-street ; Starle, Titchborne-street
personally, or by totter, 'daily,
Haymarket ; Gordon, 146, Leadenhall-street ; Mann, 23, Cornhill,
Or free by post for forty-two stamps, from the author's residence who
!yin% btaencotinsll ewe. :41,1thrresorne tdii rtrudie.risght

DR. CULVERWELL'S NEW WORKS.
To be had of Sherwood, 23, Paternoster-row; carveho.
147, Fleet-street; Mann, 39, Cornhill; or direct from the author,
price One Shilling each ; by post, Is. 6d.
ENJOYMENT OF LIFE.
"Health, Recreation, andrintio
ranal Use of Time."
Corrzyrs:—Early Rising—Spg and Summer Mornings—rx.
The Parks, Lanes, Hills,
enrsions about the Environs of London—
Forests, Fields, High-roads, and other pleasant places—Country
Trips and Rambles—The Sea—London at Night—Evning. at Home
—Musics—Thellranaa—On Eating, Drinking, Sleeping,Bathing, Air,
test, Ease, Occupation, &c., &o.
11.
FRAGMENTS FROM THE MOUNTAINS. TWO Vole.
Vol L
L VISIT TO THE LAKES; SKETCIrOF EDINBURGH, &O.
Vol. 11.
THE LAKES Of KILLARNEY; REMINISC.ENCES Or
DUBLIN, &c.
WHAT TO EAT, DRINK, AND AVOID.
" That three score years and ten our course may run."
A popular review of almost every form (cause and cure) of ner-
fously-debilitatcd health and enfeebled constitution, that harasses
young, besets the man of pleasure, business, or study, and em-
oltters old age, with tables and rules for the diet and physical rogu-
%don of every-day life.

IV.
THE PASSIONS.
" What passions hurt the body—what
Truths as refined as Athens ever heard."
litranci : -Life's pilgrimage, from infancy to old age. The advent
of the passions. Chastity and its infringements. The casualties of
licantionsness and dissipation, with illustrations, graphic, narrative,
aid remediative. Advocacy of early marriages.:
V.
THE MARRIAGE STATE.
" To be or not to be, that is tho question."
aoollarmi:—Laws and obligations of nature, society, and re-
-11;lon regarding marriage, to bo observed by either sex. Time and
;hole , on both sides, as to age, temperament, complexion, and
ftgure, to secure healthy offspring, with the art of rearing them.
Ptlysici defectiveness and its removal. Sterility and its conversion.
Oases, toe.
By B. J. CULVERWELL, M.D. (1841), M.B.C.S. (1827), L.S.A.
1124). Twenty-five years Medical and Forensic Referee in these
ißstterL ROUptiOn hours daily till flysk Nysattum um 2111 nip;
10 popU-_Plie" F10141:01911

THE NEW NOVEL.
Now ready at all the Libraries, in 3 vols.,
THE TUTOR'S WARD.
By the Author of "Wayfaring Sketches," &c.
" The Tutor's Ward is a masterpiece of fiction. The plot of the
story is charged to the full with extraordinary incidents and adven-
tures. The characters are delineated with graphic power, the scenes
finished with dramatic effect, and the tale conducted to its closi with
sustained interest. Rarely has the power of love over the Female
heart been more beautifully portrayed than in this splendid tale."—
John ,Bull.
Colburn and Co., Putliskers, 13, Great Marlborough-street.

ALL S 0 P P'S EAST INDIA PALE and
other BURTON ALES.
The public Is respectfully informed that these favourite Aleslmay
be had Genuine, in Casks of 18 Gallons and upwards, at their respec-
tive Stores as under, where also a List of the Bottlers may be ob-
tained:—

The Brewery, Burton-on-Trent.
Stores, 61, King William-street, City, London.
Cook-street, Liverpool.
High-street, Birmingham.
The Exchange, Manchester.
33, Virginia-street, Glasgow.

RAILWAY INTELLIGENCE.
NORTH BRITISH.
The half-yearly general meeting of the share-
holders of this company was held on Thursday in the
saloon of Gibbs' Royal Hotel, Edinburgh. Mr. J.
Learmonth, of Dean, the chairman of the company,
presided.
The report was read by Mr. Nairn, the assistant
secretary. It stated that the free revenue for the last
half-year amounted to 19,8561. 2s. 3d., of which there
was required for the dividend on the guaranteed stock
17,7151. 18s., leaving a balance of 2,1401. 4s. 3d.,
which the directors recommended should be carried
to the credit of the next half-year's account.
The CHAIRMAN said he had very few remarks to
make on the report, which contained a plain state-
ment of facts without any embellishment whatever.
The capital account, which was most important, was,
as stated in the report, nearly closed—that was to
say, it was as nearly closed as any capital account
could be. The directors felt grateful to the share-
holders for having enabled them to go Parliament to
procure a Bill in the last session to create such a
number of new shires as would, when realised, re-
lieve the directors from ther obligations to the banks.
It would be no further obligation if the shareholders
would at that meeting sanction the creation of these new
shares, and take them up as was to be proposed. If this
were done it would emancipate the directors from all
their personal liabilities, and put the line completely in
the hands of the shareholders, who might manage it with
such directors as they thought fit. He was of opinion
that, instead of exercising, as authorised by Parlia-
ment, their borrowing powers to the extent of
110,0001., it would be better to make every new share
of 21. 103. for each share of 251. held in the original
stock of the company 3/. ss. This would enable
them to "'dispense altogether with the necessity of
borrowing money from the banks, and thus allow
them to retain in their own pockets the interest that
would have to be paid on that money. The resolu-
tion that was to be submitted was to create the pro-
posed new capital by new shares of 21. 103. each.
These shares were to be preferential, with a maximum
interest of 5 per cent.; and he did not think that, at
the present time, it was at all likely to be at a lower
rate of interest than 5 per cent., and that was the
amount at which the directors proposed to fix them.
With regard to the revenue for the last six months, he
must say that, knowing all the circumstances, he did
not feel disappointed at the result. If they looked to
the state of railway matters in Scotland he thought
that the result, although not flattering, was as great
as they could have expected. It showed an increase
on the corresponding half-year, even taking into ac-
count the circumstance that they had a few addi-
tional miles of railway opened. This traffic, he con-
sidered, to have been affected very much by the Ex-
hibition in London, which had been the means of in-
ducing many people hoarding up their money to go
there, instead of travelling backwards and forwards
throughout the country. The mineral traffic had also
been damaged from some of the largest coal mines in
the district having been shut up. Their general traf-
fic bad likewise been injured by the competition of
the steamers; but he was convinced that, as the
smacks and sailing vessels had to give way to the
steamers, so these, in their turn, would have to give
way to the railways. Last week their traffic amounted
to 4,500/., being 1501. more than they had ever before
realised, which was encouraging if it would continue.
The opposition which they encountered in respect to
the through traffic was great, but he had no doubt
that very soon they would be able to boast a larger
share of that traffic than they bad yet enjoyed. To
work the line properly they must have a full stock of
engines ; and, looking to the traffic, he held that it was
necessary for them to have one engine for every two
miles of railway ; and when they considered that they
had a good many branches, and not one continuous
line, this would be still more; apparent. He held,
therefore, that this was a matter which the directors
must take very much into their own hands. Owing to
the want of accommodation at the Edinburgh station
they were unable to commence that system of cheap
traffic which they had tried last summer with so
much success; and he thought they should not
hesitate to agree to the proposal of the directors to
expend the sum of 9,0001. in providing additional
station accommodation at Edinburgh and Dalkeith.
Having spent upwards of 4,000,0001. of money they
must not stickle at laying out a sum like this, which
was absolutely necessary for the proper working of
the line. He was glad to inform them that they had
entered into a very fair arrangement with the other
lines to London in regard to the thorough traffic; in
consequence of which it was, in reality, a matter of
little importance whether the public travelled by this
line or by the Caledonian. He would like as well if
people would travel by the North British ; but it was
not a matter of pecuniary difference whether they did
so or not. The chairman concluded by moving the
adoption of the report.
Mr. E. HENDERSON seconded the motion.
In answer to questions from Dr. M'FARLANE,
The Cunt:Latex stated that the terms of the tempo-
rary arrangement with the lines in the east and west,
in respect to the through traffic, was that they should
divide the profits ; and that the sole reasons why the
cheap trains for short distances were not resumed
this year was the want of sufficient station accommo-
dation at Edinburgh.
Dr. MPARLANE then moved the following resolu-
tion as an amendment upon that proposed by the
chairman :
" That, in respect that the directors of the company
pledged themselves to lay their resignation at this time
before the shareholders, which they have now declined
to do, the shareholders refuse permission to dispose of
shares, to borrow money, or to begin any new work;
and refuse, also, to approve of the report."
Mr. ANDERSON, accountant, seconded this amend-
ment.
Mr. MONRO then challenged several items in the
accounts, and afterwards went on to say that it was
quite clear that the line, under the present manage-
ment, was not in a prosperous state. It was unpro-
ductive, the working stock was not sufficient, and
everything betokened the want of proper care and
attention. So much was that the case that he went
so far with Dr. M'Farlane that he thought it would
be unwise and injudicions in the shareholders to in-
trust the direct ors with the disposal of any more of
their money, seeing that they had as yet received no
return for what they had placed under their manage-
ment.
The CIIAIRMAN said he could not and would not
resign, for th is very obvious reason, that they were
not yet in a p osition to relieve him of his responsi-
bility. Let tt 'ern raise the 328,0001., and he would
at once resign. That was the only way they
would get rid of him. He did not think that he and
the other dire ctors deserved to be twitted in the way
that they hact been ; because, if they had not in-
terposed this p ,ersonal liability for very large amounts,
it would have been impossible for the company to
have gone on. He did not intend to spend one shil-
ling of the 32 8,0001., and for this very good reason,
that it was all spent already.
After a few words from Mr. TURNBULL, in defence
of the direct°r rs, a vote was taken, when only two
hands were held up for the amendment of Dr.
M'Farline, so, that the motion of the chairman ap-
proving of the report was declared to be carried.
The CHAIRMAN then moved a series of resolutions,
all of which svere unanimously approved of, to the
effect—that six per cent. dividend be paid on the
guaranteed stcick ; that the sum of 330,5001. be raised
In terms of the. Act of 1851, by the creation of 132,000
shares of 2/. 103. each, to be called No. 2 guaran-
teed stock, to rank next after the present guaran-
teed stock, and to be entitled to a dividend of 5 per
cent. ; that every proprietor, whether of the ordinary
or guarantee& stock, shall be entitled to one of those
new shares ire respect of every 251. of stock standing
in his name, provided he pay the first instalment of
153. before the 18th of September,. when his right will
cease and determine, and the she res will then be ap-
propriated by the directors, and disposed of by them
in any way th at they shall think best, without any
further notice. (the chairman expl wining the meaning
of that to be I.hat they might pie, Jge them with the
banks, so as t. a relieve the direct.e from their obli-
gations) ; that the directors be au. thorised to borrow
110,1601., &c..
The meeting then broke up aft er a vote of thanks
to the chairman.

LEEDS NORTHERN.
The half-yearly meeting of thiai comptiry Weis held

at Leeds on Thursday. Mr. Thomas Constable, the
chairman of the company, presided.
Mr. SMILES, secretary, then read the report.
The CHAIRMAN, in moving the adoption of the re-
port and statement of accounts, addressed the meeting
at considerable length. He said there was no helping
hand offered to this company, but, on the contrary,
they were ignored, and they had to seek for an inde-
pendent terminus, to make the line of sufficient length
and importance to be an independent line of itself ;
and fortunately for the company, that independent
terminus was sought for and at the sea. Consequently,
though they retained the whole of the advantages
which were originally attributable to this line as a
line from Leeds to unite with the great trunk line
from north to south by way of York, they were
now quite independent of that junction—a line from
the sea to Leeds, and by way of Leeds to every
portion of the manufacturing and populous districts
of the West Riding and of South Lancashire,
and of all parts to the south-west of Leeds. The
directors were waiting until the extensions were com-
pleted, and, from the disposition which tie York,
Newcastle, and Berwick Company had evinced, con-
fidence was felt that arrangements would be, made
which would be satisfactory to all parties,e(Ap-
plause.) The only difference in the view of the two
boards, generally speaking, was this—thatethe York,
Newcastle, and Berwick wished the arrangement to
take frorse the beginning a permanent 'character,
whereas the board of the Leeds Northern felt unwil-
ling to make any permanent arrangement until they
were in a situation better to kiit3ve whattAkey were:
about.—(Hear, hear.) With the York* mad North
Midland Company they were, to a certain degree,
upon a friendly footing, though they were competitors
with them for the traffic which they conveyed to the
York, Newcastle, and Berwick line, and they felt
that this small introduction to arrangements would
ultimately lead to something better. He then pro-
ceeded to review the prospects of the undertaking,
particularly with reference to the expectations from
the north-eastern extension to Hartlepool and the
ports of the Tees, on the completion of which the
main line would be 70 miles in length, and would give
the undertaking an independent character in
every way. He pointed out that the working
expenses would be much less in proportion
for the 70 miles than for the 40 miles at present
open, observing that the locomotive power required to
work the 40 miles was equal to a much larger under-
taking, and in many respects they were obliged to
keep as large a staff for the shorter as they would
have to employ for a longer distance. The cost of
the 40 miles already open must have averaged 50,0001.
per mile. When the extensions were completed the
average would not exceed 35,0001. or 36,0001. per
mile.—(Hear, hear.) He entered into considerable
detail as to the future prospects of the company from
the ports of Stockton and Hartlepool, mentioning the
fact with regard to the traffic of the Tees, that an
eminent engineer, employed by the Admiralty, was
at present surveying that river with a view to the im-
provement of its navigation, and had reported that it
bad considerably greater capabilities than the river
Clyde. He concluded by saying that the directors
felt confident the result of the whole undertaking,
when completed, would be satisfactory.—(Cheers.)
Mr. C. G. MACLEA briefly seconded the adoption of
the report.
Mr. E. W. JACKSON proceeded to make some
statements in reference to the discovery of ironstone
in the Cleveland Hills, and its probable effect upon
the Leeds Northern Railway. He said, the principal
seam varies from 10 to 15 feet in thickness, and there
are two smaller seams lying below it, varying in
thickness from six inches to two feet each, and sepa-
rated from each other by about six feet of ground.
The two latter are not at present worked. The main
seam is a regular lying stratum, imbedded in shale,
and is not likely to nip out to the dip. It is now be-
ing extensively worked by Messrs. Bolckow and
Vaughan, and their field is now in a position to sup-
ply an unlimited quantity. He was informed that it
contained 33 per cent. of iron in the uncalcined stone.
All things considered, he should not feel astonished
if the revenue of the company reached 200,0001. per
annum.—(Cheers.)
After some observations from Mr. Close, Mr. Har-
rison, and Mr. Cash, the report was adopted unani-
mously ; as was also a resolution to the effect that a
dividend at the rate of seven per cent. per annum be
paid on the preference quarter-shares, and at the rate
of six per cent. per annum on the amount paid in ad-
vance of calls, and a dividend at the rate of two
per cent. per annum on the shares called Nos. 1,2,
and 3.
The meeting was then made special, and the direc-
tors were authorised to borrow 208,9901.
A vote of thanks to the chairman concluded the
moceedings.

YORK, NEWCASTLE, AND BERWICK.
The directors of this company have just issued their
report, to be submitted to the proprietors at the half-
yearly meeting on Friday next. It states that the
traffic receipts for the half-year ending 30th June
last amounted to 351,3761., and for the corresponding
period of 1850 to 344,3471., showing an increase of
7,0291. The working expenses for the half-year ending
30th of June last amounted to 136,7661,, and for the
same period in 1850 to 135,063/. From a compara-
tive statement of the traffic a gradual and steady in-
crease in the passengers and general merchandise is
shown, but there is a diminution on the coal traffic
of 7,2601. No charge is made in the accounts for
interest on unproduetive capital ; and the earnings
of the half-year, after charging the revenue with all
interest accruing on the guaranteed shares, and Great
North of England purchase and ordinary debentures,
amount to 89,4881. After bringing forward the ba-
lance on the last half-year of 11,509/. there will be a
sum at the disposal of the proprietors of 100,997/.
The directors recommend that a dividend should
be declared at the rate of 31. per cent. per
annum, which will amount to 91,282/,, and will leave
a balance of 9,716/. At the general meeting of
the 7th of March, 1850, the sum of 8,0001. was set
apart to meet charges which might appear against the
revenue arising out of transactions belonging to pre-
vious years, and to provide against bad debts at that
time incurred. It was represented to the directors
that this sum was more than sufficient to liquidate any
claims of this description, but the subsequent exami-
nation of the outstanding accounts has shown it to be
inadequate. The directors find also that drawbacks
had been agreed upon but not written off in the books,
that some of the arrangements with coalowners had
been imperfectly recorded, and that disputed claims
had been allowed to extend over a series of years, the
investigation and adjustment of which have necessarily
occupied much time, and been attended with great
labour. These deficiencies, together with bad debts
which the recently depressed state of the coal trade
has served to develope during the half-year, leave,
after absorbing the amount laid aside to meet such
contingencies, a balance to be provided for of 19,0471.,
which includes all bad debts, drawbacks, allowances,
and settlements of contested accounts up to the present
time, as well as a liberal allowance for all claims still
in dispute. They are not unaware of the arguments
which may be adduced in favour of defraying the whole
amount out of the revenue of the present half-year,
and of declaring a dividenbd at the rahave comel3sto he
instead of 3/. per cent. ; ut they t
conclusion that, under all the circumstanc
tine
s the
riatir to-
ec the equity
of the case will best be met by adopgom-
mendation they have made, and by
appropng
wards the liquidation of these charges the whole of
the balance, 9,7161., which will then appear at the
credit of the revenue account, and discharging the
remaining sum of 9,3321• by instalments within the
next two years. The Great North of England Pur-
chase arrangement has been settled (except as tap a
sum of 751. for which no legal claimant has
peared) ; the total purchase money amounts to
3,547,500/. The works on the Pensher branch are
going on satisfactorily; the last portion of the Kelso
branch has beeti finished, and in connexion with the
opened for traffic on the
North British Railway was
Ist of June. The directors have entered into a con-
tract for the construction of the Mahon branch at a
cost to this company of not more than 50,000/,, and
have served the notices for the purchase of the land.
The directors have received an offer to maintain the
way and works of the line for a fixed annual payment
on a contract for 21 years, and on comparing the
proposed payment with the sums now expended on
the line and laid aside as a fund for the renewal of the
permanent way, it appears that the annual saving to
the company would be very material. Should all the
necessary stipulations be settled to their satisfaction,
they will be prepared, with the sanction of tmaihente presentnance
meeting, to enter into a contract for the
of the permanent way.
The report of Mr. Harrison, the engineer, states
that the locomotive stock
halfhas been main
there has been
charged against revenue the cost of four entirely new
engines.
shows that 6,743,9531. had
The capital account
been received, including4,97s,2lo/. received on shares,
and 6,866,566/. expended, leaving a balance against
the company of 122,613/.
The debenture account showed a total of 1,421,829/.,
of which 584,6061. was borrowed at 5 per ceand
nt.,
201,58. V. at 4i per cent., 195,6001. at 41,
434,038/. at 4 per cent.
The revenue account for the half-year ending the