The Sun.
London, England, 1850-09-07 00:00:00

LANCASTER. AND CARLISLE.

The half-yearly-meeting of this company was hell
at Lancaster on Thursday ; Mr. E. W. Ilasell in the
chair.

The C/lAIRM IN said, the report will show that this
railway has gone on progressively improving in its
traffic, and that it is so far improved that the direc-
tors are prepared to recommend a dividend at the rate
of 5 per cent. per annum, still retaining a small
balance in favour of the traffic account.—(Hear,
hear.) It was an honest dividend, and paid entirely
lout of the traffics revenue. The directors had taken the
greatest pains to attain this object, and they have
used their best endeavours to keep down expenses,
as well as to promote the traffic upon the line. The
passenger traffic is progressively increasing; the
goods traffic likewise continues to do so, and he could
not give a better proof of that than by calling atten-
tion to the last return of the traffic on this line, for
the week ending the 25th of August last, when the
total amount was 5,2041., whilst the total amount of
traffic for the corresponding week last year was 4,212'.
giving within a very small fraction an excess of
1,0001. in a week.—(Hear.) They looked with great
satisfaction upon the well working of the arrange-
ment with the Lancaster and Preston Junction
Railway, and the terms were exceedingly fair fur the
proprietors of both lines—that is to say, on a monthly
examination of the affairs of both lines it will be
found that each line keeps its own—in other words the
Lancaster and Preston and the Lancaster and
Carlisle lines appear to be keeping up their just pro-
portions of traffic, and consequently they are justly
and righteously receiving their fair proportion of
profit.—(Hear.) He hoped before long both the
Maryport and the Newcastle and Carlisle Railways
would fulfil the original intention of joining in the
central station at Carlisle, for it was of the greatest
importance in the way of convenience to the public.
The SECRETARY read the report, which stated that
the line and works from Preston to Carlisle, and the
very limited quantity of working stock which belongs
to the company, are in good order. Upon the expi-
ration, next year, of the existing contracts for main-
tenance and renewal of the way and works, the
directors confidently expect, from the experience of
other companies, to be able to enter into a new con-
tract, for any length of time, and with perfectly re-
sponsible parties, on the same or more favourable
terms, and therefore it appears unnecessary to lay aside
any specific depreciation fund on that account. The
London and N orth-Western Company find all the
stock, except the goods, coal, and cattle waggons--
the renewal as well as repairs of which the latter, and
also the contract prices paid to that company for the
rest of the stock, are regularly charged. against the
current revenue. The arrangement made with the
North-Western Railway Company, whose line con-
nects this at Lancaster with Skipton, and there with
the Midland Company's line, has been found to
work conveniently for the public, and with advan-
tage to the companies. The Maryport board have
agreed to refer to arbitration the pecuniary terms on
which the settlement should be effected, and the
Maryport Company be admitted into the Carlisle
station as tenants instead of joint proprietors. The
directors have delayed the adoption of any legal pro-
ceedings against the Maryport Company for enforc-
ing the original agreement ; but it is now the fixed
determination of the directors to take at once such
steps if the Maryport Company shall at all hesitate to
carry out the more recent one made by their deputa-
tion. The Newcastle and Carlisle Company's traffic
likewiie could be perfectly well accommodated in the
same station; and the directors of the Caledonian
hare intimated to the directors of the Newcast!e
Company their readiness to afford such accommo-
dation accordingly, on terms to be settled by arbi-
tration.

The revenue account showed that 102,083/. bad
been received during the half-year ending the 31st
of July, and 44,9741. expmded, including 1,814/. tor
Government duty, and 1,4701. rates and taxes, leav-
ing a balance of 57,112/.
On the motion of the CHAIRMAN the report was
adopted, and the dividend, at the rate of five per
cent. per annum, was declared.
The retiring directors, Mr. H. Howard and Colonel
Maclean, were re-elected, as was also the retiring
auditor, Mr. J. Salkeld.
A vote of thanks was passed to the chairman for
his valuable services to the company, and the meeting
separated.

MARYPORT AND C lILLISLE.—The half-yearly meet-
ing of this company was held at the Seahouse Arms
Maryport, on Wednesday last. There was an
unusually large meeting of the shareholders; F. L.
L. llykel, Esq., chairman or the beard of directors,
presided, and having formally opened the meeting,
announced that a number of the shareholders had met
that morning, and agreed to a resolution which they