The Sun.
London, England, 1857-01-15 00:00:00

RAILWAY INTELLIoBIVC.E.

LANCASTER AND CiRLISLE RAILWAY.
compspecial general meeting of the proprietors of this
any was held on Tuesday, at the Castle Station,
Lancaster, for the purpose of considering a proposed
application by the company to Parliament, in the ensu-
ing cession, for a bill for making a railway from the
Lancaster and Carlisle railway, in the parish of Kendal,
to the (little) North Western, at or near Ingleton, in this
West Riding, with a branch therefrom, and for other
purposes. E. W. Hassell, E,g., chairman of directors,
presided, and there were present the majority of the
directors, and an influential body of shareholders.
The CHAIRMAN said it had a4ays been the policy of
the board of directors to refrain from speculating in any
branch line, or other undertakings which might endan-
ger their own good concern. He assured them that he
still adhered most fully to that policy ; but circumstances
occasionally arose when the best general rules should be
departed from ; and, in the opinion of his brother direc-
tors and himself, such circumstances had arisen, and
that, for the iletence of the line, it was necessary.to pur-
sue the course recommended. He read the circular ad-
dressed to the shareholders, detailing the reasons which
had impelled them to proceed with the present 6,11, and
concluded by moving a resolution, confirmatory of, and
sanctioning the steps which had been taken by the direc-
tors.
H. How.tuDjEsq., deputy chairman seconded the mo-
tion. _ _ _

B. GARNETT, Esq., as one of the largest proprietors,
was most happy to agree t) the resolution proposed. He
believed the directors had taken a wise etep, and he
thought they had better leave it in their hands to carry
through. (Applause.)
Mr. GaLLow (Liverpool) heartily approved of the course
taken, and he believed that an expenditure of 300,0001.,
or even 600,000/., in this new branch would be remune-
rative. They would also go before Parliament under
great advantages, as the committee would know that the
'Lancashire and Carlisle Company had the ability to carry
out their works as soon as the necessary powers were
granted. (Applause.)
In putting the motion the CHAIRIUN said this branch
was forced upon them by the aggressive acts of other
companies.
The motion was unanimously adopted, as well as a
vote of thanks to the chairman and board of directors
for the attention and ability they displayed in the ma-
nagement of the company's affairs.

MANCHESTER, SHEFFIELD, AND LINCOLN

SHIRE.

The half-yearly report of the directors of this company
states that the revenue for the half-year amounted to
288,9081., and the sap -nditure to 137,6091., leaving a
balance of 151.2981., which, with the balance brought
fro n the previous half-year, gives a total sum of
153,34t3/. aviiiiable for interest and dividend. The de-
benture and ether charges against the half-s ear amount
to 59,8011., the canal annuities to 13,7341., the divi-
dend on the 61. preference shares to 23,6901., the divi-
dend on the 31 per cent. stock to 5,9581., and the divi
dend on the 6 per cent. preference stock (late 101.
preference) to 26,1601., making a total charge of
129,3441., and leaving 24,0021. available for dividend on
the ordinary stock of the company. The directors recom
mend the proprietors to pay a dividend of 10s. per 100/
on the ordinary stock of the company, pr at the rate of 1
per cent. per annum, leaving a balance of 4,5001. The
directors have confidence that the time is not distant
when, through greater ease in the money-market, the
debenture stock may be issued, and thus obtain a large
meascre of relief for the ordinary stockholders. The
company's traffic receipts have been on the whole satis-
factory during the half-year. The passenger traffic
shows an increase of 4,6621. as compared with the
ens-responding half of last year ; in the parcel traffic
of 6021. ; live stock, 6081. ; mineral, 3,0581. ; and in
goads traffic of 6,3151. The local traffic on
the line during the half-year amounted to 148,8181.,
and the foreign traffic to 83,4121. The receipts
of the Grimsby Docks amounted to 3,5051., against
2,3661. at the corresponding period, showing an increase
of 1,1381. The Anglo-French Steam Shipping Com-
pany has now four steamers running between Grimsby
and the ports of France, and will very shortly have six
more. The capital account exhibits an increase of
41,0821., of which 34,2451. is for works sanctioned at
the date of the last half.yearly meeting, and 6,8371. for
new works ordered during the half-year. The works still
in progress are the Barnsley Branch Extension, 47,8371.
expended ; the Grimsby Fishing-craft Dock, 9,389/.
expended ; the Grimsby Graving Dock. 10,3151. ex-
pended ; and the Grimsby Coal-drops, 4,6671. expended.
Total, 72,2081. The extension across the town of Barns-
ley will be ready fur traffic on the Ist of February next.

LANCASHIRE AND YORKSHIRE he
A special general meeting of the proprietors of the
ester
Lancashire and Yorkshire Railway was beld yday,
at Manchester, "to decide upon a proposed arrange.
meat between the Lanca.bire and Yorkshire Railway
Company and the East Lancashire Railway Company,
for uniting and consolidating into one concern the traffic
and business of the two companies." There was a
numerous attendance, and after a short discussion the
proposition was agreed to.