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

LEEDS AND THIRSIC.

The directors of this company have issued their half-
yearly statemect, from which it appears that the receipts
on calls to the 30:h June last have been 1,527,9991.;
miscellaneous receipts, 14,5351.; loans, 471 2051.; inaklug
a total of 2,013,740/.; besides which there is an item of
22,429/. under the head of " other advances," which
appear to have been made to the company prier to the
31st Dtcernber last. The total amount expended up to
the 30th of June, including 34 8581., the Ripen Cdnul
purchase, was 2,000,156/. leaving a balance in band of
13,584/. The Wtal share capital au!h'Jrised under the
comp toy's Acts is 2,243 0001, and the balance due or
remaining to be called up is 845,1801. The revenue
ac.ionhi fur tAie ha f-r-ar ending the 30.1 i of June stat's
that 30,205/. had been receive(i, tilt! 11,363/ extended,
including 38Sf. p issage duty; g a balance of
IS 8431.; of which 8,1471. is appropriated to interest on
loaf,s; leaving 10,6961. applicable to divigend. Thn
length of railway open is 39 miles, from Leeds to Thirsk.

LIVERPOOL.

MANCHESTER,

AND NEW,

CASTLE-UPON-TYNE JUNCTION.

The hult-yearly generhl meeting of this c,,napany was
intended to hare btel held en Tuesday at York.
At the oprointed hour tho chairman, Mr. George
Leeman, and Messrs. Courtenay, Gray, and Ault's,
directors, tiok the it seats, but only about a des ,n share-
holders attended, and the number present were in3nffi-
cient to constitute a legal meeting.
The CHAIRMAN entered into a full explination 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
wag 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

Th© directors expressed their intention of forthwith
paying to the shareholders 2i. 44. per share, being a
year and a half'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 satisf.tetion, and alter a vote of
thanks to the ctairrnan, the meeting adjourned.

EDINBURGH AND GLASGOW.
The 25,11 halt-yearly meting of this company was
held on Tuesday in Gla-gow ; Mr. P. Blackburn, of
K llearn, chairman of the directors, in the chair.
The report was then read.
The CHAIRMAN stated that the report and accompany-
ing 31;eas explaired 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 tee 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 el, r this
they had no control. As to the competition with the Cale-
donian, which commenced in the beginning of the year
and lasted two months, he vies glad to say that an ar-
rangement bad been entered into. The Cale (lonian direc-
tors had met the board in the fairest spirit, and though
aealous to make the best terms possibla, 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. lie alluded to the
extrema pressure of the rates and taxes charged upon
all railway companies. In this respect he contended that
they were unfairly treated by Government, and quite
unable to help themselves. Of these rates this company
p
cent
ai d no less h
of their
t heir net
tadni
dividends.
3. which amounted
vast
item, 15 pe
and
if Government treated them fairly it would take cif the
passenger duty, and pass a measure defining the mole in
which railway companies were to b© 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. lie might mention that singe the last
half-yearly meeting they had paid off debentures to the
amount of 80 000/. To make up for this the board had
borrowed.2s,ooo/. 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 bad now all its liabilities before
it, with the exception of the Wilsontown tied Bathgate.
The Stirlingahire junction would be opened in the c.,urse
of a few days, and after this the preference would be
payable out of revenue. This would amount to 8,000/.
a year; but ho 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 bar-
gained, and had now no access to the town of Stirling.
He had no doubt the justice of their case would be main-
ta;ned in a court of law.
Mr. T. HILL then addressed the company at great
length on the claims of the Edinburgh and Lt.ithgate to
an amalgamation with the Edinburgh and Glasgow it
4 per cent., instead of 21 per cent. as now offer,d.
Mr. G. W. Myra asked if any progress had been made
towards the amalgamation with the l'uledonian.
The CHAIRMAN replied that some meetings had been
held, but no real progress bad been made. Too Cale-
donian board, since it was fornr)(3, had been so much
taken up with its own difficulties that thin subj,et bad
been left over in the maan 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 2} per cent. on
the 16th of September, which were agreed to.