The Sun.
London, England, 1845-08-23 00:00:00

RAILWAY INTELLIGENCE.
TAFF VALE.

On Weine;day the half-yearly general meeting of the
proprietors rras held at Bristol; Sir J. Guest in the chair.
Mr. AIORCOM (the secretary) read the Directors' re-
port. in which were the following statements :
" The receipts during the past half year amount to
24,894/. 193. 11d., being an increase of 2,202/. 12s. 9d., as
compared with the last half year, and of 6,480/. 18s., as
compared with the corresponding six months of 1814.
The profits of the past half year (after payment of the
working expenses, the interest on bonds and capital
st.r!k, and a dividend equal to 5 per cent. per annum on
6,000 quarter shares) amount to 6,309/. 25., which, with
579/. Bs. 101., undivided last half year, will give a dis-
posable balance of 6,8881. 10s. 10,1., from which your
Directors recommend a dividend to the holders of-original
shares, at the rate of 31. 14s. 61. per cent. per annum on
the amount of capital standing to the credit of each
old share on the 31st of December last, or 2/. 6s. I Id. per
share for the half year. This will leave 3s. ld. per share
to be added to the capital of the original share, viz.
:
Amount of each old share on 31st

Dee., 1844, ns per last report
Sum authorised to be placed to the
credit of each cicl share half
yearly
Less dividend now recommended 2 6 11 0 3 1

£125 16 11

£126 0 0
In pursuance of the resolution of the special general
meeting, held on the Ist of April, the Directors took
measures for obtaining an Act of Parliament to enable
them to carry out the agreement made with the Mar-
quis of Bute on the 14th November last. The period
of giving notices of applications to Parliament fixed by
the standing orders of the House of-Commons having
elapsed before the agreement with the Marquis of Bate
was mada, and the Committee of that House refusing
to suspend the standing orders, as in many other in-
stances they had done, your Directors regret to say that
t. he Bill was thrown out. The formation of a double
line as far as Navigation House is in progress, one-
fourth of the distance (from Cardiff to Llandaff)
being nearly finished, and arrangements made for
the completion of the remainder. During the last
esbion of Parliament, the Aberdare Railway Corn-
Tany obtained an Act for joining your line at Navigation
House, distaat from Cardiff sixteen miles. When the
great extent of the coal-field thus opened, and the pre-
ference the Aberdare coal has obtained all over the
world for steam-packet purposes, are taken into con-
sideration, it may safely be asserted that the increase of
trade which will be thus brought on the Taff Vale Rail-
way can hardly be overrated. The erection of blast
furnaces contemplated by Mr. Crawshay Bailey on his
very extensive mineral estate, through which the
Aberdare line passes, holds out the prospect of still
increasing revenue to this Company..
The CHAIRMAN, in reply to inquiries from Mr. Price
and others, said the 76 forfeited shares would be sdld in
the market.
Mr. OVERTON said he considered that the Directors
ware exceeding the powers vested in them by the Act
of Parliament, by expending their capital in making a
double line before they had accomplished the purposes
fur which the Company was formed. It was intended
that a branch should be made to Dowlais. This had not
been made, nor, as far as he could ascertain, were there
any preparations for making it. He had no doubt
that if the Company were to make that branch
t• at it would yield a large profit. Indeed, he
had no lieaitatioh in saying that it would not only
return five per cent. on thei outlay, but it would yield
from 3,000/. to 4,0001. a year to the present line. For
some strange reason this branch had never been made,
and he (Mr. Overton) insisted that the Company were
bound to make it before they could expend money in
making a double line.
The CHAIRMAN said, if the Hon. Proprietor would
Tool( at the Act of Parliament, he would find that the
Dowlais Company had taken powers to make the line
themselves whenever it might suit them to do so. With
the great capital which that Company possessed, there
could be no doubt that if it had appeared to them de-
sirable thay would have made it. At present the Di-
rectors did not deem it judicious to recommend the
Shareholders to do so. _ . .

Sir J. Gue-4, Mr. C. James, and Mr. R. H. Webb were
re elected Directors.

At the close of the meeting the forfeited shares were
put up to auction, and realised from 1401. to 1411.

MIDDLESBOROUGEI AN!) REDCAR.

The Directors of this line celebrated the passing of
the Bib for this line by a public dinner at Redcar. The
. line having been staked off preparatory to obtaining
the contract, the Directors and several of the
Shareholders walked over the course, and visited the
dock branch of the Darlington and Stockton Railway,
on a convenient pact of which the Middlesborough
station-house is intended fqr the Redcar line. The
tut-, we mey here state, branches off the former line,
near the docks. and skirts the Tees and the sea banks,
p ,s sin„ Ormsby flail, Normaliby Hall, Wilton Castle,
Krleethom, and other places of interest, which were
poin!ed out to the company as they went over the line.
Oe nearing Coatham, a village about a mile from Redcar,
the Directors were met by a number of influential
gentlemen belonging to the neighbourhood, and escorted
into the town by instrumentel music, banners, and a
oonsidq.eble namber of the inhabitants, who evinced
rn enthusiestn in the proceedings that has never, we
ere stmt., been witnessed on any previous occasion in
licheir. The town had quite a holiday appearance.
The inhabitants, to a great extent, suspended all bush-
nee; for the day, and flags and colours were displayed
from most of the houses. On reaching the site in-
tended for the station, where, by the way, a tent was
e:-eeted, and to t supplied to about 500 females, the direc-
tors eroceeded to the Red Lion Hotel, where they partook
of a sumptuous entertainment, Mr. Wilkinson pre-
; supported by Mr. C. Dryden, as Vice-Chairman ;
Messrs. Pease, jun., Henry Pease, B. Flounders, J. 0.
Hepkins, Natf.aniel Plews, Edw. Oxley, H. Birkheck, of
• le;orwich ; John Harris, Thomas Newsham, of Yarm ;F.
' Mewburn, sen., F. alewburn, jun., J.W. Pease, J. Middle-
ton, C. C. oXley, Dr. Harper, T. 13. Gommersall, John
Dolphin, of Hunter House ; Thomas Macnap, John
Biker, of Thirsk, and others. The dining-room was
decorated with flap, on which were inscribed " Mid
dleshre' and Redcar Railway—Cursu pernir at littora
(swifc in its course it tends to the shore), and
to the Bishop-Auckland and Weardale Rail-
wa: C npauy—Fit via vi" (it becomes a way by force).
va ety OF toast, were proposed and responded to,
air ngs others, " The Directors of the Middleborough
an, fear Railway."
The CHAIRMAN returned thanks. The undertaking
in which they were concerned must, he said, be deeply
interesting to the commercial classes. Looking to the
various channels of communication by various rail-
ways already formed :or in progress, and to the
connexion speedily to be formed with Lancashire
and the West Riding of Yorkshire, no one could fail
to see the great benefit this district would derive from
the railwae. When they considered how completely
it stood prayed that the improvement in agriculture
had gone hand in hand with railways, they must agree
that both were inseparable interests. When they saw
eretneres, mineral, veeet,ble, and chemicel, an 1 the pro
thee) of the land thus manured brougnt from one place
to another with such facility, and when, above all, they
sew that collisien of mind which enabled one farmer to
compere his position with another in a different part of
the ceuntre, they saw enough to show the advantages of
rail ways to the egricaltural interest.
OxFORD, WORCESTER, AND WOLVERHAMPTON. -- A
public diener was given in the Market place, at Stow-
onohe-Wold, last week, to H. G. Bushy-, Esq., of More-
ton, and Robert Boman, Esq., of Donnington-house, to
commem trate the passing of' the Oxford, Worcester, and
'Wolverhampton Railway Bill. The Rev. R. W. Hippes-
ley presided, and several addresses were delivert d, the
respective speakers concurring in the conviction that the
proposed line would he of incalculable aivantage to the
slistricts through which it passed. The staking out or
the line 13 being proceeded with, and the ground will
shortly be broken.
GREAT EASTERN AND WESTERN.—We learn that this
Company- is prepared to adopt the wide gauge from
Pirmingharn to Swansea, and to meet the wishes of the
itth thitan s of Great Malvern and Ledbury to the fullest
extent, by making communication with these towns
either by the retain line or branches therefrom.— War-
cezte, Chronicle.
The proprietors of the Sornereetshire Canal purpose to
convert it into a railway.
A rumour has reached us that Mr. Hudson has avowed
his intention to wring out a new line of railway between
Lull and "4-efanchester, passing through Howden, and
eaviag 25 miles in the entire distance between the two
termini. This act of hostility to the Manchester and
Leeds Cerapent is said to have followed an intimation
that Vie latter Company intend to divert, so far as it is
pessibie, the Manchester export goods traffic from Hull
to Goole,meens of the Wakefield, Pontefrect, and
Goal e iieilaty.—Eastern Couhtiei Herald.
The system a hich in any huskers have adopted, of ad-
vanoing upon railway shares as security, has con-
tributed much to the diffusion of the mania for specula
tion, and to ae unnaturally high state of prices. Two-
thirds of the quoted value, it is understood, is generally
lent, and the money, as long as it lasts, is in all probe-
bility employed in fresh speculations.—See rue/.
WHITEUIVRN JUNCTION.—That portion of the White-
haven Junction Railway, extending from Maryport
acroes the Dement to Workington, is expected to be
opened for the conveyance of eceris aed passengers be-
fore the close of the present year.—Cumberland Parquet.