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 been 1,527;9991.;
miscellaneous receipts, 14 535 Z ; loans, 471,2051.; making
a total of 2,013,740!.; besides which there is an item of
22,4291. under the head 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 34,8581., the Ripon Canal
purcb4se, was 2,000,1561. leasing a balance in hand of
13,581/. 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 815,1801. The revenue
account fur the ha'f-year ending the 30th of Jure stag's
that 30,2061. had been received, and 11,3631. Expended,
including 3881. passage duty; leming a balance of
18,8431.; of which 8,1471. is appropriated to interest on
loans; leaving 10,6961. applicable to dividend. The
length of railway open is 39 miles, from Leeds to Thirsk,

LIVERPOOL.

MANCHESTER,

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, tiok their seats, but only about a citzni share-
holders attended, and the number present were insuffi-
cient to constitute a legal meeting.
The CHAIRMAN entered into a full t xplsnation If 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.

7111; directors expressed their intention of forthwith
paying to the shareholders 2s. 4d. per share, being a
year and a halt's interest at the rate of a fraction less
than 4 per cent. per annum on the paid-up capital, pur-
suant to the powers of their Act. This announcement
was received with much satisfaction, and after a vote of
thanks to the chairman, the meeting adjourned.

EDINBURGH AND GLASGOW.
The 25th half-yearly meeting of this company was
held on Tuesday in Glasgow ; Mr. P. Blackburn, of
Ktllearn, chairman of the directors, in the chair.
The report was then read.
The CHAIRMAN stated that the report and accompany-
ing sheets ezplaiced as fully as the directors ste,re able
to do it the financial position of the company. The board
regretted most sincerely that they bad ti present that
most objectionable feature—a reduced dividend. The
board was equally ieterestcd 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 thrms lees on ac-
' count cf the diminished returns from traffic, for over this
Mley had no control. As to the competition 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 mat the board in the fairest spirit, and though
siAlous to make the best terms possible, matters had
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 rail way companies. In this respect he conteaded that
they wero unfairly treated by Government, and quite
unable to help themselves. Of these rates this company
paid no less than 4,600/, which amounted to 15 per
c..?nt of their not 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 _mole in
O rated
timef or
?pvoeorry,
police,wh e h
andral railway
cPaalurt rates. In e rlen totheb
mean
parish thought it right to grasp as much from railway
g Includin the income-tax,
this company paid away no less titan 18 per cent. cf
its revenue. He might mention that since the last
y
they
ymake had paid off debentures to the
up for this the board had
amount
a I f•ea
or IfyBo meetingooo T
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
ir, with the exception of the Wiltontown and Batbgate.
The S. terlingshire Junction would be opened in the ceuree
of a few days, and after this the preference would be
payable out of revenue. This would amount to 8,000/.
a year; but 4e hoped the increased traffic would make it
up. They were aware that a dispute existed 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 har-
getned, and had now no access to the town of Stirling.
He had no doubt the justice of their ease would be main-
tained in a court of law.
Mr. T. HILL then addressed the company at great
length on the claims of the Edinburgh and Bethgate to
an amalgamation with the Edinburgh awl Glasgow at
4 p,r cent., instead of 24 per cent. as now offer..d.
Mr. G. W. MUIR asked if any progress lied been met)
towards the ainalgametion with the Caledonian.
The CHAIRMAN replied that some meetings had been
held, but no real progress bad been made. Tne Cale-
donian board, since it aas formed, had been so much
taken up with its own difficultie3 that this subject had
been left over in the mean time. He retained his ()pi-
' mon as to the desirableness of the duaslgiviza,•ion.
The CHAIRMAN thee propose I the usual resolutions,
including the pay meat of a dividend of 21 per cent. on
the 16th of Sef,ternter, which were agreed to.