The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1840-02-04 00:00:00

were .£12;537
.13s. ld. ; the expense of working the line,
£343 19s. 4d. ; leaving a balance of £1,964 17s. 2d. for a
reserved fund.. The directors were happy to report that the
-cost of working the line and maintaining the establishinent,
amounts to less than one-third of the income. Since the
commencement 8-1,991 persons have travelled upon the line,
none of whom have received the sjightest injury. The second
line of rails from York to the Leeds and Selby railway will
be completed. in about two months. The works on the
southern part of the line are generally in an advanced state,
and it is the expectation of the directors that it will be
opened concurrent with the North Midland before the end
of June next. From the statement of accounts it appeared
that the entire receipts of the company were £322,447 18s. Bd,
arid that the expenditure bad been £319,064 Os. id. leaving a
balance in the banker's hands of £3,383 19s. ld.

LIVERPOOL AND MANCHESTER RAILWAY.
The revenue and profits derived from the working, of the
Liverpool and Manchester line.' in each half year froth the
beginning of 1836 to the 30th of June, 1839, have been as
follows :

Revenue. Profits.
Half year ending 30th June, 1836 .... £109,355 .. £39,402
- 31st Dec. 125,280 .. 45,651
9 ,
~
30th June, 1837 .... 105,951 .. 35,762
fl
31st Dec. • ... 120,081 .. 47,148
30th June. 1838 .... 123,610 .. 46,566
99
31st Dee. • ... 136,693 .. 55,714
~ 30th June, 1839
.... 123,814 .. 48,211
The'increase in 1838 over the receipts of former years is re-
markable. There was but little difference between the two
preceding years ; but the traffic of 1838 shows an advantage
over either of those two years to the extent of 20 per cent.,
and the revenue of the first half of 1839 has more than kept
pace with the corresponding portion of 1838.

CHESTER AND BIRKENHEAD RAILWAY.
We understand that arrangements are in progress, and
may be said to be completed, between the Grand Junction
directors, and the directors of this company, which will en-
sure a direct passenger traffic from Birkenhead to London.
It will embrace four first-class trains every day—two in the
morning and two in the evening. The works are fast pro-
gressing towards completion. The viaducts at Moston and
Bromborough are proceeding most satisfactorily, and the
brick work and masonry on the whole line is nearly all com-
pleted. It is expected to be open for passengers and traffic
by the end of the month of July.—Chester Chronicle.

WEEKLY RETURNS OF RAILWAY TRAFFIC.
. (Prom the Railway .31ayazine)

NA,

Passer- P
eis. ..1111.1 e .tni e
tiers. pr.wk.p. day.

Passeng.
per day.

Birmingham ..
South Western
Great Westerit
Greenwich
Manchester& Leeds
Birmin..'. &Derby
York & N. Midland
Croydon
Midland. Counties
Eastern Counties
Glasgow &
Ulster

X• X• X•
- :109371 97:1-I 13
- 1893 32.1 41
- 2100 681 i 9i
21900 7544 199 281
9363 582 43 i 6
700 18} 21
1631 3591 18 I 21
6600 436:2 411 G
23691 241 151 • 2
3412 - I -

3128
1366

12088 I 64t G 1

MEETING OF GRAND JUNCTION RAILWAY
PROPRIETORS.

A general meeting, numerously attended, of the proprietors
af. the Grand Junction Railway, was held on Friday last,, at
the Cotton Sale Room. Exchange Buildings, John
Nloss, Es('. in the chair. 'From'the report, which was read
by the treasurer, Mr. Charley, it appeared that the gross in-
come for the half-year ended December 31st, was,—
From Coaching, conveyance of parcels and £ s d
mails
„' Carriage of live stock 3,607 5 8
Goods, general traffic, and tolls

Making a total gross receipt of £226,684 15 10
The coaching traffic, it is stated, exceeds by £26,066 2s 2d
that of the corresponding period of 1838. The merchandise
traffic, although more than double the amount received during
the same part of 1838, has not greatly exceeded the amow----t-
-in the half-year ending in June last, which may hl—partly
ascribed to the pressure under which the commerce and manu-
factures of the country have lately been labouring.. The cost
of locomotive power for the last half-year, on a receipt of
£226,684 15s 10d only exceeds by £2,413 5s hi that of the
previous half- ear, when the receipt was £188,962 16s, in-
eluding, as it does, the charge for four engines, which have
been thoroughly rebuilt at an expense of more than £l,OOO
each, and are equivalent to new engines, and, indeed, better
than they were when first purchased. The increase in the
consumption of coke, as compared with the previous six
months, is only £647 is lld although the public service has
required the addition of another train each way daily during.
the last half-year ; and a greater number of miles have been
run by the engines in consequence. The whole expenses
amount to £107,880 lOs sd, or about 471 per cent. on the
gross receipt; making, with £10,259 Gs 9d the interest on
loans, a total of £118,139 is 2d ;—which, deducted from
£233,256 14s 6d the sum of receipts and balance from the
last half-year, leave a net surplus of £115,216 17s 4d. This
would enable the meeting to declare a dividend ap a higher
rate than the directors are prepared to recommend, taking
into consideration the dividends which will be required on fu-
ture calls; and the importance of 'reserving a fund to meet
unforeSeen claims, or times of commercial depression, which
alight reduce the income of any single half year; and they
therefore recommend to the proprietors the declaration
of a dividend of seven pef cent. leaving a surplus of £15,863
Is 4d ; of which £5,863 Is -4d might be carried towards the
account of the current half. year, which is usually a period of
less receipt, and z£lo,ooo reserved to meet such contingen-
cies as have been alluded to. The directors then report that
the differences between them and the Manchester and Bir-
mingham Extension Companies have been amicably and sa-
tisfactorily arranged, and that an amalgamation of the Chester
and Crewe Company with the Grand Junction Company has
been decided on, on the following terms, viz :
" For every £5O paid up in the Chester and Crewe Railway
Company, the holder is to receive one £25 share in the
Grand Junction Railway Company.
. " Parties holding shares in the Chester and Crewe Railway
dissenting from these ternS, to be paid off at a fair remune-
ration,' to be fixed upon hereafter..
• - "•Sould any dispute arise from this agreement, or from
unforeseen circumstances, the same to be settled by reference.!!
The construction of the line has cost in
Engineering, surveying, parliamentary, legal,
and general expenses • construction of line
and works, stations, land, and compensa-
tion, rails, chairs, &c. £1,596,718 12 1
Locomotive engines and tenders, and loco-
motive establishment ; carriages, waggons,
trucks, and horse boxes, and buildings and
• .establishments for these departments
Purchase of Warrington and Newton dine
Arrears of calls on half-shares, less Warring-
ton and Newton interest not applied for.
Interest on loans

217,227 '6 5
65,112 -7 - 4

1,161 17 0
22,270 18 3

£1,902,491 1 1
After an able and interesting address from the chairman, and
some desultory conversation which led to no result, the re-
port was received and adopted, and a dividend of £7 per
Share for the half-year, as proposed by the directors, declared,
and ordered• to he paid. The proceed►ngs then terminated.