The Sun.
London, England, 1850-08-29 00:00:00

LEEDS AND THIRSK.

The directors of this company have issued their half-
yearly statement, from which it appears that the receipts
on calls to the 30th June last have beau 1,527,999/.;
miscellaneous receipts, 14,5351.; loans, 471,2051.; making
a total of 2,013,7401.; besides which there is an item of
22,4291. under the hoad of " other advances," which
appear to have been made to the company prior to the
31st December last. The total amount expended up to
the 30th of June, including 34 8551., the Ripon Canal
purchase, was 2,000,156/. leaving a balance in hand of

13,584/. The total share capital authorised under the
company's Acts is 2,243 0001, and the balance due or
remaining to be called up is 845,1801. The revenue
account for the ha;f-year ending the 30th of June stat,.B
that 30,206/. had been received, and 11,3631. expended,
including 38S1. pAssafte duty; leavi-g a balance of
18 8434; of which 8,1471. is appropriated to interest on
leaving 10,690. applicable to dividend. The
length of railway open is :i9 miles, from Leeds to This-5k

LIVERPOOL. M A NCIIESTER, AND NEW-
CASTLE-UPON-TYNE J UNCTION.

The half-yearly general meeting of this company was
intended to have been held on Tuesday at York.
At the appointed hour the chairman, Mr. George
Leeman, and ➢Messrs. Courtenay, Gray, and Audus,
directors, took their seats, but only about a dozen share-
holders attended, and the number present were insuffi-
cient to constitute a legal meeting.
The CHAIRMAN entered into a full explanation of the
Railway Abandonment Act, and it probable effect if put
into execution, when the whole of the shareholders pre-
sent cordially agreed with him in the opinion that it
was not desirable, for the present at all events, that the
company should place itself within its operation, coupled
as it is with the notorious and much condemned Wind-
ing-up Act.

'lnc. directors expressed their intention of forthwith
paying to the shareholders 23. 4d. per share, being a
year and a halt's interest at the rate of a fraction lest,
than 4 per cent. per annum on tho paid-up capital, pur-
suant to the powers of their Act. This announcement
was received with much satisfaction, and alter a vote of
thanks to the chairman, the meeting adjourned.

EDINBURGH AND GLASGOW.
The 25th halt-yearly meeting of this company was
held on Tuesday in Glasgow ; Mr. P. Blackburn, of
chairman of the directors, In the chair.
The report was then read.
The CHAIRMAN stated that the report end accompany-
ing sheets explained as fully as the directors were able
to do it the financial position of the company. The board
regretted most sincerely that they had to present that
most objectionable feature—a reduced dividend. The
board was equally interested in this matter with the
shareholders, and nothing could give them greater plea-
sure than to see an extended traffic-table and a large di-
vidend, but so long as the expenses had not increased
the board could not take any blame to themselves on ac-
count of the diminished returns from traffic, for over this
tkey had no control. As to thecompetition with the Cale-
donian, which commenced in the beginning of the year
and lasted two months, he was glad to say that an ar-
rangement had been entered into. The Caledonian direc-
tors had met the board in the fairest, spirit, and though
iszalous to make the best terms possible, matters bad
been so settled that they would do nothing injurious to
the Edinburgh and Glasgow Company which did not be-
nefit themselves. There was one point to which he
would allude, in the hope that every shareholder would
exert himself to provide a remedy. He alluded_ to the
extreme pressure of the rates and taxes charged upon
all railway companies. InthisreGspeevcetrhumeceou, ntteeeedde d
quite
they were unfairly
treated by
themselves.
wOhriet
hueseecareautuestetdhiste 15 percompany
cent of their net dividends. This was a vast item, and
if Government treated them fairly it would take off the
passenger duty, and pass a measure defining the mode in
which railway
_companies were to be rated for poor,
police, and other local rates. In the mean time every
parish thought it right to grasp as much from railway
companies as possible. Including the income-tax,
this company paid away no less than 18 per cent. of
its revenue. He might mention that sinoe the last
half-yearly meeting they had paid eff debentures to the
amount of 80 0001. To make up for this the board had
borrowed 25,000/. upon other terms; but as compared
with last half-year there was now 55,000/. less debt
owing out of the company than there had been. The
Edinburgh and Glasgow had now all its liabilities before
Tit with the exception of the Wilsontown and Bathgate.
he Stirlingshire junction would be opened in the course
of a few days, and after this the preference would be
payable out of revenue. This would amount to 8,000/.
a year; but he hoped the increased traffic would make it
up. They were aware that a dispute exists(' with the
Stirling and Dunfermline line. The Edinburgh and
Glasgow Company declined to take it, for the reason
that it was not the line for which they originally bar-
gained, and had now no access to the town of Stirling.
lie had no doubt the justice of their ease would be main-
tained in a court of law.

Mr. T. HILL then addressed the compiny at great
length on the claims of the Edinburgh and Bsthgate to
an amalgamation with the Edinburgh and Glasgow at
4 per cent., instead of 2i per cent, as now offered.
Mr. G. W. MUIR asked if any progress hid been made
towards the amalgamation with the Caledonian.
The CHAIR3IAN replied that some meetings had been
held, but no real progress bad been made. Tne Cale-
donian board, since it was formed, had been so much
taken up with its own difficulties that this subject had
been left over i❑ the mean time. He retained his opi-
nion as to the desirableness of the amalgamation.
The CHAIRMAN then proposed the usual resolutions,
including the payMent of a dividend of 2i per cent. on
the 16:h of September, which were agreed to.