The Sun.
London, England, 1842-08-12 00:00:00

NORTHERN AND EASTERN

The half y4arly gaa,ral meeting of 'he Proprietor:
of this line was held yesterday at the London Tavern,
Bishopsgate-street, John Rasltell, F.sq., in the Chair.
The CHAIRMAN, in opening tha proceedings of the
day, stated that the differences between the Eastern
Counties Railway and themselves as to the traffic of goods
and passengers had been all arranged that morning.
Mr. BOURNE, the Secretary to the Company, then
read the Report, froth which we extract the following
passages :--
"The Directors have now to congratulate the Share-
holders of the Northern and Eastern Railway upon the
completion and opening of the line to Bishop's Stortford,
being to the northern extent of the Company's Parlia-;
mentary powers ; and also upon the result of such com-
pletion.
" The receipts of the Railway for the last six months,
ending 30th June, 1842, although including only seven
weeks of the through-traffic, are nearly double those of
the corresponding six months ending 30th June, 1841.
" The gross receipts of the past six months, ending
30th June last, amount to 28,9851. 13s. 5d., which, with
the balance of 1621, 16s. Bd. left undivided last half year,
gives 29,1481. 10s. Id. The expenses, including toll to
the Eastern Counties Company, amount to 15,6261. 4s.
2d., leaving a balance of 13,522/. ss. Ild., and your Di-
rectors venture to recommend that 20s. per share,
amounting to 9,072/., be divided upon the last half year,
leaving 4,450/ ss. lid. applicable to the payment of
rent to the Eastern Counties Railway Company, which,
though not due, has been incurred, and ought to be laid
out by the earnings of the present half year.
" Your Directors, in calling your attention to the ge-
neral account, have only to state, that they, in common
with all Railway Directors, have been, to a certain ex-
tent, disappointed in the original representations of their
officers as to the ultimate cost of the line; but when they
state that, according to the general accounts up to the
30th of June, and by a reference to the present unpaid
liabilities of the Company, it appears that the railway
will not exceed the cost of 30,000/ per mile, including
engines, carriages, and traffic material, they do not feel
that the Shareholders have much cause of dissatisfaction
in the excess of the cust beyond the original estimate.
"With reference to the further extension of the Rail-
way northwards, your Directors are more than ever itn-
pressed with the certainty that the most advantageous
results would ensue from its being continued to
Cambridge."
Mr. VIZARD thought the Shareholders might receive
a larger dividend than 20s. a share. Last year when
they had a balance of only 6,0001. a dividend of 15s. was
paid, and now they had a balance of 13,0001 in hand,
the dividend was only ss. more, instead of being more
than double that of last year, which it should be if paid
in the same proportion.
The CHAIRMAN explained, that the balance of this
year included the rent which had to be paid to the
Eastern Counties line ; whereas the 6,0001. mentioned
as the balance last year, was the balance after deduct-.
ing the rent due to the Eastern Counties Railway.
Mr. BIDDER, the engineer of the line, entered into a
statement with the view of showing that no part of
the excess in the cost of the line over the original esti-
mate mentioned in the report, attached to the engineer's
estimate.

A rather angry discussion on a variety of subj ects ensued,
in the course of which a slight dispute sprang up between
Mr. Vizard, the late Solicitor, and Mr. Crawshay, the late
Chairman to the Company, in consequence of Mr. Vi-
zard applying the term " humbug" to some proceedings
of the Directors ; to this Mr. Crawshay replied with
great warmth that there had been no humbug. If there
had been any imposition practised upon the Company, it
had been by the late Solicitor. What was the meaning
of 69,800/. for parliamentary expenses and law charges ?
Several Directors proposed that Mr. Vizard withdraw
the word "humbug."
Mr. BELL moved that the discussion on bye-gone sub-
jects cease.

Mr. LEVY moved that the Report of the Directors be
received and adopted, and Mr. SHUTER seconded this

motion.

Mr. VIZARD then moved, that the following para-
graph which occurs in the Report be expunged:—" With
reference to the further extension of the Railway north-
wards, your Directors are more than ever impressed
with the certainty, that the most advantageous result
would ensue from its being continued to Cambridge,
and with this view, and the impediment which still ex-
ists to the making the Branch to Ware and Hertford,
they have not yet taken any steps in the latter project."
Mr. BELL seconded this motion ; but afterwards re-
commended its withdrawal, which was assented to by
Mr. Vizard.

Mr. LEVY'S motion for the adoption of the Report was
agreed to unanimously.
Mr. HARVEY then moved that a dividend of 20s. a
share be declared to become payable on Thursday, the
25th instant.

Mr. BELL seconded this motion, which was also car-
ried unanimously.
A short discussion ensued upon the mode of disposing
of the forfeited shares, but nothing definitive was agreed
on with regard to them.
Mr. BAGSHAW, a Director, in a complimentary address,
proposed a vote of thanks to Mr. Crawshay, the late
Chairman of the Court, for his untiring zeal and un-
wearied exertions in their service.
The motion was carried, and
Mr. CRAWSUAY acknowledged the compliment ; at
the same time, he submitted to the meeting a proposition
which he had received from a party offering to farm the
line at such a rent as should secure to the Company
5 per cent. upon the outlay.
Mr. LEVY hoped the Directors would not let the line
without competition, for he was prepared to say that he
would give more than 5 per cent. himself. He thought
it should realise 8 per cent.
The matter then dropped.
A vote of thanks was unanimously passed to the pre-
sent Chairman and Board of Directors, who briefly ac-
knowledged it, and the meeting separated.

SPORTING INTELLIGENCE.
TATTERSALL'S—YESTERDAY.
A very thin attendance, and only three bets booked,
namely, 17 to 1 agst Cattonite, and 18 to 1 agst Artful
Dodger for the St. Leger ; and 100 "to 4 agst Cabrera
winning that race, and Philip the Derby.
LEWES RACES—WEDNESDAY.
Match-100 sovs, h ft; mile-and-a-half. Mr. Shelley's
Idle, 3 yrs (Butler), beat Mr. Verrall's Junius, 3 3,rs.
Her Majesty's Plate of 100 gs. Heats, the New Course.
Mr. Goodman's The Shadow, 6 yrs, Buckle
Mr. Shelley's Daddy Longlegs, 3 vrs
NEWCASTLE (STAFF.) RACES.—WEDNESDAY.
Sweepstakes of 10 sovs. each, with 30 added. Half-
a-mile.
Mr. Price's Colin Clink, 2 yrs (Cartwright) 1
Mr. Whitworth's Gipsey Queen, 2 yrs
The following also started, but were not placed :
Mr. E. Buckley ml b c by Volney, out of Saturnia, and
Mr. Davies' Lady Maycress.
The Ladies' Purse of 30/., added to a Sweepstakes of
5 sovs. each; heats, once round and a dis. (5 subs.)
Mr. Jones's Portrait, 4 yrs, Bst 21b, walked over.
The Selling Stakes of 5 sovs. each, with 30 added; heats,
one mile and a half ; winner to be sold for 150/. &c.
Mr. King's fby Muley Moloch—Lillah, 3 yrs 1 1
Mr. Skerrett's Sidrophel, 4 yrs 0 2
Mr. Halford's bg by Priam, out of Idteolia, 5 yrs 2 0
Mr. Standbank's Hookah, 3 yrs
BANBURY RACES.—TUESDAY.
The Banbury Stakes of 10 sovs. each, li ft, with 50 added.
Two miles.
Mr. S. Scott's Mosque, 4 yrs ..................(Butler) 1
Mr. F. Clarke's Curreycomb, 5 yrs 2
Mr. Nightingale's Ajax, 4 yrs 3
The following also started but were not placed :—Mr.
Rawlinson's Chilson, 6 yrs ; Mr. J. Day's Viola, 4 yrs ;
and Mr. Coates' Jollyboy, 4 yrs.
The Warden Hill Stakes of 5 sovs. each, with 20 added.
Heats, Two Miles.
Hon. G. Ougley's Humility, 4 yrs, lOst 121 b 1 1
Mr. Ekins' Corsican, 4 yrs, lOst 71b 2 2
Mr. Newton's Lapwing, I Ist lib, and Mr. Robson's
Ebberston, 9st 71b, were not placed.
The Grimsbury Stakes of 5 sovs. each, with 25 added.
Heats, One Mile.
Lord Warwick's Leporello, 5 yrs, Bst 101 b 0 1 1
Mr. Cheadle's Waterloo, 3 yrs, 65t... 1 ft 2
Mr. Bryant's Protestant, 4 yrs, Bst Ilb 2 0 0
Jollyboy, 4 yrs, 7st 121 b, and Bounce, 5 yrs, Bst 71b,
also ran.
The Hurdle Stokes were won by Mr. Ekin's Duenna,
and the Sweepstakes by Mr. Cowper's Multum-in-Parvo.
PLYMOUTH RACES.--TUESDAY.
The Saltram Stakes of 20 sovs. each, 10 ft, and 5 ft
only if declared. Once round and a dis.
Mr. Crofton's Muleteer, 5 yrs, Bst 21b...(Wakefield) 1
Mr. Fortescue's Cerito, 5 yrs
The following also started :—Captain Rooke's Stork,
6 yrs, and Sir S. Spry's The Jewess, 5 yrs.
The Plymouth Plate of 80 sovs. added to a Sweepstakes of
5 sovs. each. Heats, two miles and a dis.
Mr. Sweetrnan's Grateful, 3 yrs (Ryles) 1 1
Mr. Leg's Stickler, aged
Mr. Reeve's Stork, 6 yrs
A Free Handicap of 5 sovs. each, with 25 added,
an wone
,
by Br. once round, was won in two heats by General Gilbert's
Pulwaun, 4 yrs (England), beating Cracksman, 6 yrs.
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and three others.
CANTERBURY RACES—WEDNESDAY.
The Ball-room Stakes of 10 sovs. each, 5 ft, and only 2
if declared, with 50 sovs. added. Two miles. (28
Subs., 9 of whom declared.)
Mr. Tollett's Tiger, aged, 11st (Capt. Willan) 1
Mr. Hodges' Dane John, 4 yrs, lOst 101 b 2
Mr. J. Bradshaw na Sister to Ferneley, aged ...... 3
Mr. Hor'ges' The Chelsea Snob, 4 yrs, 9st 71b 4
The Barham Downs Plate of 50/. Heats, two miles.
Mr. Button's Evasion, 3 yrs 0 3 2 1 1
Mr. Doekeray's Dispatch, 4 yrs 0 1 3 odr
Mr. Hodges' Dane John, 4 yrs 3 2 1 2 dr
The Bridge Stakes of 3 sovs. each, with 30 added. Heats,
one mile and a quarter. (7 Subs.)
Mr. Dockerav's Lister, 6 yrs 4 4 1 1
Mr. Sherrard's Jenny Jones, 6 yrs
Mr. Bacon's Fair Play, 4 yrs
Mr. G. Clifton's Vigo, 3 yrs 0 3 dr
The first was a dead heat between three.
The Scurry Stakes were won by Montezuma.

Several workmen employed on the fortifications
were arrested on Saturday (says the Commerce) upon a
charge of illegally combining to get their wages raised.
They were conducted by a party of gendarmes to the
Prefecture, and there detained
GROUSE SILOOTING.—We understand that the
moors immediately west of Ripon, belonging to the
Archbishop of York, Mrs. Lawrence, John Yorke, Esq.,
and Captain Harcourt, are this year well stocked with
fall grown birds, and on Friday next, 12th August, will
afford excellent sport to gentlemen who have permission
to range thereon.-- Leeds Journal.