The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-02-01 00:00:00

RAILWAY

Receipts.—Coaching department
Carrying ditto ..
Coal ditto ..

xpenses.--Total coach, carriage, and car-
rying disbursements, locomotive
power, maintenance of railway, of-
fice establishment, rates and taxes,
duty on passengers, waggons, fences,
&c. &c.

Railway surplus

CANAL

Receipts, in tonage, wharfage,
rerts, &c.
Agents, clerks,
maintenance, &c.. - '

Expenses,

1,725 17 9

Canal surplus

Less interest on bonds, balance of rents, &c

Nett profit of the half-year ... .
Add a balance from June 30, &c

£9,830

Nett proceeds
Deducting Haywood's defalcations in £1,500 and some bad
debts, the disposable proceeds was £6,309. 12s. 5d.. which,
giving a dividend of 20s. per share, would leave a balance of
£lOB. 12s. sd. Tho report thus concludes :
" Your committee, in reference to the preceding statement,
have directed a dividend of 20s. per share to be paid to the
proprietors on the Ist of February next."

. .
lair. RIGG moved that the report be adopted by the mee
ing. This was seconded and agreed to nem. con.
Mr. EISIIER inquired why Ilaywood's deficiency was ;
included in the present half year ?

_ .
The CHAIRMAN explained that it was not discovered until
recently, HaywOod's accounts having previously appeared to
be quite correct. He called ou Mr. Hoare to explain the
circumstances of the defalcation.

Mr. HOARE enteredinto an explanation. From his state-
ment and that of the Chairman and others, it appeared, thsi
after the death of Mr. Cunliffe, who had charge of the qnce",
books, Haywood, who had previously been long in the office,
who was considered faithful and competent, was'cl::„
pointed to succeed him. He kept the books,
treasurer, and though lie had commenced a sysateentdno"°';
stated
from the beginning he was not suspected, asolbyoks al)
petuid to balance by the outstanding debts, as fakedestc err
im-
therein by him. Mr. Hawkshaw, however, sit cii of them
proved mode rough eing the accounts,
accounts current
wsheoruel,dalpsoasts6tibe
lector's offices to be kept distinct. The
ostoffiee. Notice
fraud
to be
bh yi b
was given that this system
,was to bed:longer effect con-
was), and Haywood,
.finding fie co"_,d of a vessel at Liver-
hhiamndosir,.oautgidh tthteb:
fd.trwe:spurwellsasmiltd
Ici:::
cealtnent, absconded, and got on 04
bken intocustody, and corn-
was sentecteleded, (Conliffe) was also, it
pooyrom which, however, he wasctiek
d to ten years' transporta-
mitted for trial. He
tion. The party he bad s_ucti,o, he resigned and recom-
tstoessor—and these defalcations
_no, by a bill to meet them, which
ampepneladerdedhaaywdeoto'adulatesrhaits
the
company, through Haywood's
aihi gea edn, , bpaeyseinntocroanirsecipenalag::sdoi:dirrte:!lidi:!:oth;seehewel
uorerseisikt,
yub.
husband's
twi
is utoomo
officialhgaivv ee given
services,
v111:i5c1
oier,
(loess ...:
Cunliffe, in considefour
was £4O, and tb.cy
ai
IVIr. LEYLJ,'437,.OOd.
quired from g",„AN had the original appointment read, by
appeared that that was the intention; but that
from
ces
• -cuinstan which he explained, and the confi-
various en
, I reposed in the dance unaapin y young man, who had been
which ihe
i Ct
K Al,
:
' long the company—it was overlooked.
iii, 11AwKstinw explained more fully the manner in
which the accounts were kept, and the money received,
by which similar defalcations could not again arise. Secu-
rity had also been taken from the present canal agent.
questions. the CHAIRMAN said that £42,000
of the
herheopnly odetddebt had been paid off, and that in the last 12
months £l,OOO of interest had in consequence of its reduc-
tion been saved. Their railway depended at present entirely
on tiade and manufactures , ' but when the line was entirely
opened to Lancaster, they would have some accession of
fund from " pleasure" traffic.
Mr. Flom moved and Mr. BRITTAIN seconded thanks
to the Chairman, which was carried, and the meeting then
separated.

All things,in this world are worth no more than the value
we set upon them ; for a little to him that thinketh it enough
s great riches.

agriculture.