The Sun.
London, England, 1850-03-01 00:00:00

NORFOLK RAILWAY.

The half-yelrly general meeting r f the proprietors of
this company was held yesterday, at their offices, Guild-
har-buildings.
CHARLES W3f. TYNDALE, Eq., the rew chairman in
the place of Mr. Duff, took the chair shortly after one
o'clock, when the usual routine business having been
gone through,

The .SECRETARY read the following report of the
directors:--

" The statement of the capital account of this company
or the half-year ending 31st December, 1849, as well as
the capital and revenue account of the Eastern
Counties Company during the same period, which
Lave been circulated among the proprietors,
will have inf,rmed them of their financial posi-
tion, and of the income which has been earned upon
their railway; it is gratifying to observe that the latter
exhibits a steady increase upon that cf the correspond-
ing period of 18-18.
'• Messrs. Qui:ter and Ball, the accountants, have been
unaLle to complete their general report on the accounts
of this company in time to be laid before the proprietors
upon tt e present occasion, but the directors are led to
expect that it will be forthcoming very shortly.
" With re"erence to the remark of Major Court, one of
the auditors, on a charge in the present account of 161.
103. fir stamps for proxies, the directors have to observe,
that the expense was incurred in respect of the special
meeting held to consider the subject of the amalgamation
with the Eastern Counties Company, an occasion upon
which they felt themselves justified in calling for a very
general expression cf the opinions of the proprietors.
" The directors are happy t ) report the continued good
understanding which subsists between them and their
colleagues in the Eastern Counties Direction, by which
they are satisfied that the best interests of both com-
panies will be promoted.
" After mature consideration, it was decided, in con-
cert with the directors of the Eastern Counties Company,
not to renew the application to Parliament for the Amal-
gamation Bill in the present session; and your directors
readily assented to this, in the conviction that the expe-
rience of the joint working of the lines will gradually
remove all obstacles to the measure, by more clearly de•
veloping the advantages, both to the shareholders and the
public.
" The dividends to be declared at this meeting will be
the came as that of the Eastern Counties Company,
namely, at the rate of fifteen shillings upon the 1001.
stock, for the half-year.
" Two of the directors, Mr. E. Fuller Maitland and
Captain Wardell, retire at this meeting, but are re-
eligible."
'rhe CHAIRMAN, after adverting to the state of
the company, alluded to Major Court's report,
and deprecated its being published in the
daily journals, especially the Times.
Major COURT admitted that he had sent the report to
the Times newspaper. He believed its insertion would
be of the greatest service to the company, and if there
was any odium in doing so he would take the whole
blame.

The CHAIRMAN thought the step' most unadvised,
especially as it was well known that the
limes had for the last two years been en-
gaged in a crusade against railways generally.
If the report of Major Court had been sent in time it
would have been printed with the other papers of the
company and laid before the present meeting.
The SECRETARY then read Major Court's report,
which has already been before the public.
After some considerable discussion with respect to the
report of Major Court, in the course of which many of
the charges were replied to and rebutted, the report of the
directors and their accounts were approved and adopted,
and a resolution was carried authorising the directors to
re-borrow the amount of moneys previously borrowed
by the company, and since paid off.
The report of Major Court was also ordered to be
printed and circulated among the proprietors, together
with the reply of the directors.
A dividend was declared of 15s. upon the 100/.
stock.
After some discussion with respect to -paying for
proxies, Mr. Arthur Mills was elected a director, in
the room of Mr. Maitland, who was desirous of retir-
ing; Captain Warner was re-elected a director; and the
auditors were re-appointed.
Thanks were then voted to the chairman and directors,
and the meeting separated.