The Sun.
London, England, 1859-02-21 00:00:00

NORTH-EASTERN.

The half-yearly meeting of this company was held
at York on Friday, Mr. H. S. Thompson in the chair.
The report, an abstract of which has appeared in
The Sun, was taken as read.
The CHAIRMAN, in movinc, the adoption of the
report, said that the result of the working of the
line for the past half-year was upon the whole of a
favourable character. There was a reduction of

about £18,820 in the receipts, and one of about
£18,700 in the working expenses; but the circum-
stances were very little dependent on each other.
The reduction under the head of "locomotive ex-
penses" was about £lO,OOO. The reduced mileage
bad :caused a saving in coke, wages, &c., to the
amount of about £1,300. The largest reduction
under that head was £4,381, which had been saved
in the cost of coke and coal. Looking at the ac-
counts for the whole year, he found that there had
been a reduction of £60,000 in the traffic in 1858
compared with 1857. The dividend which the
directors proposed to pay was a half per cent. less
than last half-year, but last half-year a sum of
money equal to a dividend of a quarter per cent.
was received from the Post-office authorities for
arrears due for carrying the mails, so that there
was -really only a reduction of a quarter per cent.
It ought also to be stated that £9,000 less was car-
ried over from 1858 to the account for 1859 than
was carried over from 1857 to 1858, and this was
equal to a dividend of 2s. per cent. He thought
that the present position of the line ought to be
regarded, on the whole, as tolerably satisfactory.
The adoption of the report was seconded by Mr.
PIILLEIN E.

Mr. HARRISON, in reply to a question, assured
the meeting that the Jarrow Docks would admit
the largest vessel that had ever entered the Tyne.
The report was then unanimously adopted.
Mr. FARSIDE proposed that the directors should
consider the desirableness of withdrawing the bill
for the Harrowgate branch.
Mr. PENNY seconded the resolution.
After some remarks by Mr. Whincup, Mr.
Sweeting, and Mr. J. D. Dent,
The CHAIRMAN replied, that the directors were
fully satisfied of the desirableness of constructing
the intended branch.

The resolution was negatived.
On the motion of the CHAIRMAN, seconded by
Mr. KITSON, it was resolved to present £l,OOO and
plate to the value of £250 to Mr. T. E. Harrison,
C.E., as a testimonial of the sense which the com-
pany entertained of his eminent services as the en-
gineer and superintendent of the Tyne Docks at
Jarrow.
The retiring directors were re-elected, and a re-
solution declaring a dividend at the rate of £4 15s.
per cent. per annum on the Berwick stock, 4 per
cent, on the York stock, and £2 is. 6d. on the
Leeds stock, was unanimously adopted.
The meeting was then made special for the pur-
pose of considering the proposed amalgamation
with the Newcastle and Carlisle Railway.
The CHAIRMAN said it was found that the North-
Eastern Company would be entitled to 90 per cent.
of the united receipts and the Newcastle and Car-
lisle to 10 per cent. He proposed a resolution to
the effect that the directors should be authorised
to complete the agreement.
Mr. PULLEINE seconded the motion.
In reply to Mr. SIMS,
The CHAIRMAN stated that the receipts of the
Newcastle and Carlisle Company were £103,000
last year.
Mr. PENNY moved that the consideration of the
proposed amalgamation be postponed for three
weeks.
On the original !notion
.mousibeing
.y.put to the meeting,
it was carried almost unanimously.
A vote of thanks was awarded
_ to the chairman,
and the proceedings terminated.

EAST LANCASHIRE,
The half-yearly meeting was held on Friday at
Bury ; Mr. Dugdale in the chair.
The CHAIRMAN said the half-year's revenue, com-
pared with that ending December, 1857, showed an
increase of £10,176 in gross receipts, which, how-
ever, included this company's proportion of the
receipts on the Blackburn Railway, of which they
were now joint proprietors with the Lancashire and
Yorkshire Company. The increase was entirely
frommerchandise traffic, the passenger receipts
having
been less by £1,982 than in the half-year
during Open. _Nyhich the Art Treasures' Exhibition was
The working expenses had increased by 1.54
per cent., Which was
Parliamentary more than accounted for by the
expensesa.mat. of last session in connexion
decreased r Bill. The locomotive ex-
pwenthsetshheadAmdeaciCe
from the use of
expenses
£1,593. The actual saving
llinsse?'seal odf coke had been £1,680.
The coaching
expeanxic.lecreased by £1,445.
The permanent way
additionalu.l.e showed a very
large increase, occasioned by
and sleepers. The Parliamentary rails, chairs,
Bill in con-
nexion with the Amalgamation
c last session,
were £10,146, and the whole of this
,
arevenue.
Loshiire
pro-
portion (£5,073) had been charged against revenue.
The directors of this company, and of the
and. Yorkshire continued to work harmoniously
and had consequently been enabled to afford usosne Yi '
additional facilities to the public. The latter
were more directly interested in the amalgama-
tion than the shareholders, and he confidently
aaticipat44, flat the bill vtauld pass during this

session. In the first seven weeks of 1859 the traffic
had increased by £7,756. (Cheers.)
The report was adopted, and the guaranteed
dividends, with a dividend of 4 per cent. per annum
on the ordinary stock, were declared payable on
the Ist of March. The retiring directors were re-
elected, and :Mr. J. Wrigley was elected auditor,
in the place of Capt. Harrison, deceased. The sum
of £2OO was voted to the company's benevolent fund
and the proceedings concludedwith a vote of thanks
to the chairman.