The Sun.
London, England, 1858-08-11 00:00:00

STOCKTON AND DARLINGTON.

The half-yearly report states that it is not in the power
of the directors to point, as on former occasions, to progres-
sive increase of receipts, the well known state of trade and
mining industry, fur many months past, may be legitimately
assigned as the cause. The receipts, including the balance
from last half-year, amount to £116,234 Gs. 1(1., the current
expenditure to £91,950 15s. 11.1c1., both of which include
the revenue and expenditure on all the branches. The dis-
posable balance after payment of all interest, rentals, and
ether outgoings, amounts to £28,000, which is equal to the
payment of a half-yearly dividend at the rate of 81 per
cent. per annum on the ordinary shares, leaving nearly
1::2,000 to be carried to next half-year's account. The amount
alluded to in the last half-yearly report, as due from the
Derweot Iron Company, is k. 23,242. As, however, the
final repayment is guaranteed with interest, it has been
placed to a' suspense account. The directors continue to
feel a lively interest in the railway extensions westward; the
formation of the South Durham and Lancashire Line is pro-
ceeding rapidly, the works of the Eden Valley Line, in ex-
tension of the South Durham and Lancashire Union towards
l'enrith, &c., are about to be vigorously prosecuted. A new
company, entitled the "Cleveland Railway Company,"
have obtained Parliamentary powers to construct about ten
miles of railway in the eastern portion of Cleveland. The
line in question has its terminus at Guisbre', and should the
anticipations of the promoters be realised, the traffic ob-
tained through their exertions will be placed upon your line.
The attempt made by the Cleveland Railway Company to
carry their works from Gnisbro' to the Tees, and across
that river, in direct competition with your Guisbro' Line,
was defeated by the efforts of your directors, and by the
ucania.ous vote of the committee of the house of Corn-
ier-MS The directors failed in obtaining the concurrence of
the Legislature to the extension approved by you beyond
Onisbro', and for the construction of a branch to cross the
Tees below Stockton. The aims of your directors to open
out further the mining districts,, to communicate directly
Eastern and l est Hartlepo.l lines, and
give
with the North-
new and invaluable facilities to
Stoc the trade bf
ort tad
b
the improving town and p
tier the present been frusirated„Other plans to secure these
of i-
objects, which will have the recommendationone
to
ogreatly ap ai of
the
nainished cost, are, however,
hoard. The company's other pp
have resulted in obtaining all the powers sought. The di-
rectors feel Amongst
'that several of these are so important as to war-
rant the employment of terms congratulation.ofthe
them are—.powers fur the consolidation of t.heocfapciataplitoati
leased lines and branches, for the increaae
anaatien
(and
for
:rolling stock: and new branches, for the anialg
consequent incorporation of the suanagetnent u,neer one
_
title and in one body) of the Wear Valley Railway Com-
puny, the M Iddlesbro' and Hedcar Railway Company, the
_afiddlesbro' a uti Guisbro' Railway Company, the Darlington
and Barnard t :astle Railway Company, with the Stockton
and Derlingto a Railway Company, ow agreed and jest bases
—to abandon t he making of a branch line in Weardale, no
longer deemed necessary—foe the amendment and improve.
ment of your existing lines—to make an extension from
Hedcar ai,meg tae coast, via Marsk, to Saltlntrn, in the
about six iniles—to make a branch corainuni-
North Ridi
303 rintr west lines,__ via St. Helen's Auckland, to
Eh Won betty
and the North-Eastern line, about two
jSi shop Atte! a.an
The adjustment of capital arid share ec-
lat! a-half m des.
vided. for in the new acts, will be made as early
ems tron ts,siabslep;ro
i in doe course you will be called upon to
sh.ares and nn such terms as
action such issue of the new.
determine to be expedient and just.
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