The Sun.
London, England, 1860-02-09 00:00:00

NORTH-EASTERN.

The directors of this company in their report
congratulate the proprietors on the result of the
working of the line for the past half-year, the
amount received having exceeded that of the corre-
sponding period of 1838 by 56,953/. This increase
had arisen in a great measure from the recent
general improvement in trade, and the directors
recommend that the following dividends be declared,
viz. :—On the ordinary Berwick stock at the rate
of 51 per 'cent. per annum, leaving 11,4141 to be
carried forward to next account; on the ordinary
York stock at the rate of 421 per cent. per annum,
leaving 3,3831 to be carried forward to next ac-
count ; on the ordinary Leeds stock at the rate
of 2a per cent. per annum, leaving 1,8101 to be
carried forward to next account; on the Thirsk
and Malton stock at the rate of 4 per cent. per an-
num, leaving 4341 to be carried forward to next ac-
count. Many influential residents in the district,
who at first were opposed to the amalgamation with
the Newcastle and Carlisle Railway Company, had
now withdrawn their opposition. The attention
of the directors had been drawn to the import-
ance of forming a line of railway from Blaydon,
on the Newcastle and Carlisle line, to join the
company's Lanchester Valley branch at Consett,
and the requisite steps had been taken to enable
the company to apply for an Act during the present
session. The length of the proposed line was 13
miles, and the cost was estimated at 150,001. A
further portion of the North Yorkshire and Cleve-
land line to Castleton will be ready for opening in
a few months. The Hull and Holderness Railway
will be forthwith worked by the North-Eastern
Company at a rent equal to 31 per cent. in 1860
and 1861 upon the share capital of 106,8001; and 4
per cent, in 1862 and thenceforward. The directors
recommend that 1,000,000/ of new stock be now
created, bearing a preferential interest of 41 per
cent. per annum, subject to redemption at par by
the company at any time after the expiration of
five years, on giving six months' notice to the
holders thereof. The amount received in respect of
this stock will be applied partly in the construction
of new works, and partly in the reduction of the
debenture debt.

OXFORD, WORCESTER, AND WOLVER-

HAMPTON.

The report of the directors states that the total
revenue from all sources amounted for the half-year
ending the 31st of December last to 138,8241, and
the expenditure to 57,0941, leaving a balance of
81,7301. From this was deducted 23,3191 for in-
terest on debenture stock, and 3,3441 for Stratford-
upon-Avon Canal charges, leaving a balance, out of
which the directors proposed to pay a dividend at
the rate of 6 per cent. per annum on the first
guaranteed stock, amounting to 25,4391, and the
full amount of dividend upon the second guaran-
teed stock, carrying forward a balance of 2,2531 for
the next account. The traffic for the 'past half-
year showed an increase of 17,8111 as compared
with that of the corresponding period of 1858.
The increase in the working expenses amounted to
5,5891, leaving a net increase on the half-year of
12,2221. For the first time the earnings of the
half-year have been more than sufficient to pay the
full dividend on the guaranteed shares.