The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1853-02-15 00:00:00

THE LIVERPOOL STANI)ARD, TUESDAY, FEBRUARY 15,

im ComPanY,which line was fast progressing, and which
Rag eX.PeVed would be opened about the first of July
He Wished to be very particular in his ex-
planation regarding the new station at Warrington,
because the expense had been alluded to by Mr.

II )11and. They had ascertained that the Warrington
and Altrincham Company intended to make the
station larger than was originally intended, and they
found that they (the St. Helens Company) would
have to pay a larger proportion than they at first sup-
posed ; but, so far from that being a loss, he thought
they had profited by it, for, if the shareholders would
examine into the question, they would find that the addi-
tional outlay on stations made by different companies had
been rendered necessary, in consequence of not taking as
much land in the first instance as was sufficient to provide
for the traffic. In the present instance, they had provided
for the traffic which they might fairly expect. With
regard to Warrington, it had for many years been treated
as a mere road side station • but now, whether it was in
consequence of what themselves and the Warrington and
Altrincham Company were doing, he knew not, but the
London and North-Western Company were about to erect
as large a station as they were about to do. _ _

In answer to a question from a shareholder, Mr. SIN-
CL AIR said that omnibus charges from Garston to Liver-
pool were deducted from the traffic returns.
Mr. KING urged upon the directors the propriety of
now keeping the screw upon the capital account, and ad-
vised them not to incur any additional expenses in further
new works, until they saw how the new branches suc-
ceeded. _ _ _

Mr. FOSBERY said, that with regard to the closing of
their capital account, no one was more anxious than the
board that it should be closed as soon as possible, and he
did not see why it should not soon be closed. With
regard to the new branches and line generally, he might
be sanguine, but he felt confident, from what he saw of it,
that they possessed the elements of great prosperity.
When he saw everything increasing, both in passengers
and goods, he felt sure that with the additional outlay,
the undertaking would be highly remunerative.
Mr. KING was highly satisfied with the manner in
which his questions had been answered. He confessed
that the concern held out to them a brilliant prospect.
Of the dock itself he entertained the most sanguine ex-
pectations, and was sure they would have an enormous
trade from it. _

Mr. EDWARDS saw a diminution in the receipts by the
canal, and inquired the cause.
Mr. FOSBERRY said, if he wanted a direct answer to
such a question, the reason was simply this, that they
had lost a good customer by the chemical works at New-
ton being pulled down. Mr. Muspratt was in the habit
of paying them £l,OOO a-year.
In answer to further questions, it was stated that the
canal was in good order, and it was to be hoped that the
diminution would be made up, either from the canal itself,
or from the canal and railway combined.
After some further discussion, the report was unani-
mously adopted i • and, on the motion of Mr. FOSBERRY,
seconded by Mr. GASRELL TAYLOR, the dividends as
recommended by the board were confirmed.
Mr. JACKSON moved, and Mr. THomesoN seconded a
vote of thanks to the chairman and board of directors for
their indefatigable attention to the interests of the share-
holders.
The motion was carried amidst applause, and the chair-
man having acknowledged the compliment, the meeting
separated.