BARNOLDSWICK-BARNSTAPLE AND ILFRACOMBE-BARRY, ETC. 9 14.-BARNOLDSWICK. Incorporated by 30 and 31 Vic., cap, 181 (12th August, 1867), to construct a line from Barnoldswick to the Leeds and Bradford Extension of the Midland. Length, 2 miles. Capital, 40,0007, in 102. shares, and 13,3007. on loan. Arrangements with Midland, which is to work the line. No. of Directors-5; minimum, 3; quorum, 3. Qualification, 250l. DIRECTORS: William Bracewell, Esq., New Field Edge, | Henry Dean, Esq., Colne. Clayton Slater, Esq., Barnoldswick. William Metcalfe Bracewell, Esq., Horton William Boothman, Esq., Barnoldswick. House, Gisburne. All eligible for re-election. OFFICERS.-Sec., Henry Waite; Eng., J. I. Mawson, Manchester; Solicitors, R. and W. Ascroft, 4, Cannon Street, Preston. 15.-BARNSTAPLE AND ILFRACOMBE. Incorporated by 33 and 34 Vic., cap. 110 (4th July, 1870), to construct a "light railway" from Barnstaple, on the South Western, to Ilfracombe. Length, 14 miles. Capital, 105,000, in 107. shares, divided into "preferred" and "deferred." Loans, 35,000, with power to create debenture stock. Arrangements with South Western. No. of Directors-6; minimum, 3; quorum, 3 and 2. Qualification, 2501. Thomas Pain, Esq. DIRECTORS: Wm. Kidd Gould, Esq. 16.-BARRY. Incorporated by 28 and 29 Vic., cap. 234 (5th July, 1865), to construct a line from Peterston, on the South Wales, to Barry, with a branch to Sully. Length, 7 miles. Capital, 70,000l. in shares, and 23,0007. on loan. Mixed gauge. Arrangements with Great Western. By 29 Vic., cap. 92 (11th June, 1866), the company was authorised to effect an alteration in the line and levels; to abandon some portion of the work and to construct others in lieu thereof. Also to raise additional capital to the extent of 21,0007. in 107. shares, and 7,0007. on mortgage. By 29 and 30 Vic., cap. 333 (6th August, 1866), the company was authorised to establish a connection with the Penarth. Length, 34 miles. Capital, 45,0007. in 10. shares, and 15,000l. on loan. By the Barry Harbour Act of 1866, the railway company was authorised to subscribe 10,000l. to that undertaking. By 31 and 32 Vic., cap. 97 (13th July, 1868), an extension of time for completion of works till 1871 was obtained. By certificate of the Board of Trade the company was authorised to raise 30,0007. in shares, and 10,0007. on loan, for the branch to Barry Island. Authorised, 16} miles. No. of Directors-6; minimum, 3; quorum, 3 and 2. Qualification, 3001. DIRECTORS: Robert Francis Lascelles Jenner, Esq., J. J. W. Fredricks, Esq., Abermelltè, OFFICERS.-Sec., Robert Smith; Eng., Henry Bolden, 1, Victoria Street, Westminster, S.W.; Solicitors, Tilleard and Co., 34, Old Jewry, E.C. Offices-12, Abingdon Street, Westminster, S.W. 17.-BEDFORD AND NORTHAMPTON. Incorporated by 28 and 29 Vic., cap. 355 (5th July, 1865), to construct a line from Bedford, on the Midland, to Northampton. Length, 20 miles. Capital, 400,000. in 201 shares, and 133,000, on loan. Arrangements with Midland. Works in progress. By 29 and 30 Vic., cap. 240 (23rd July, 1866), the company was authorised to construct several new lines in lieu of others abandoned. Also to divide the shares into deferred and preferred. By 30 and 31 Vic., cap. 123 (15th July, 1867), the company was authorised to construct several deviations in substitution of lines to be abandoned. By 33 and 34 Vic., cap. 1 (20th June, 1870), an extension of time for two years was authorised for construction of the uncompleted works that were not authorised to be abandoned. It was advertised in May, 1870, that a guarantee had been obtained from the Midland, which, after providing the interest payable on the debenture stock, &c., ensures a minimum dividend of 10s. per share per annum on the 20,000 shares of the company. The contractors, in addition to constructing the works for 523,4167., have agreed to pay interest on the share capital from the date of instalments at the rate of 41. 58. per cent. per annum, and all the expenses incidental to this company until the Midland take over the line, when their guarantee comes into operation. It was reported in August that the contract for the construction of the line had been let to Messrs. Edwin Clarke, Punchard, and Co. The works were proceeding rapidly, 210,1521. had been expended, and the borrowing powers were authorised to be exercised to the extent of 133,000l. The report of Mr. Liddell, the engineer, stated that the whole of the land, with the exception of about four acres, had been agreed for; two-thirds of the land had been paid for and fenced in. The bridges, culverts, and embankments were being constructed in a substantial manner. CAPITAL.-The receipts on this account to 30th June, 1870, were 9,1447., the expenditure having been 8,9641. It was computed that an additional 300,000l. would be expended in works to 31st December. No. of Directors-7; quorum, 3. Qualification, 5001. DIRECTORS: Chairman-Colonel WILLIAM BARTHOLOMEW HIGGINS, Picts' Hill, Bedford. Colonel J. Amber Cole, United Service OFFICERS.-Sec., Howard Lankester; Eng., Charles Liddell, 24, Abingdon Street, Westminster, S. W.; Auditors, Henry Wilkes Notman, 2, Leadenhall Street, E.C., and S. Price, 90, Cheapside, E.C.; Solicitors, Townsend and Co., 3, Prince's Street, Westminster, S. W., and Charles Morgan, 15, Old Jewry Chambers, E.C. Offices-2, Westminster Chambers, Victoria Street, S. W. 18-BELFAST CENTRAL. Incorporated by 27 and 28 Vic., cap. 254 (25th July, 1864), to connect the several railways in the town of Belfast, and construct a central station therein. Capital, 300,000 in 10. shares; loans, 100,000. Length, 5 miles. Works in progress. By 28 and 29 Vic., cap. 220 (5th July, 1865), the company was authorised to execute further works in lieu of alterations, and to enter into arrangements with the Belfast Harbour Commissioners. Length, 2 miles. No new capital. By 31 and 32 Vic., cap. 166 (31st July, 1868), the Belfast Central was authorised to construct new lines and tramways, 2 miles, and a central station; also to abandon portions of the previously authorised undertaking, and to raise new capital to the extent of 150,0007. in divided shares, and 50,000. on mortgage. Extension of time for previous works to 1873, with power to Ulster, Belfast and County Down, and Belfast Holywood and Bangor to use parts of Belfast Central. No. of Directors-6; maximum, 8; quorum, 3. Qualification, 5001. DIRECTORS: John Taylor, Esq., 50, Warwick Gardens, | G. Lathom Browne, Esq., Gresham House, Kensington, W. James Thornton, Esq., Theobalds, Wal- James Dickson, Esq., 16, New Broad Old Broad Street, E.C. Edmund Etlinger, Esq., 3, Nottingham OFFICERS.-Sec., James Hutt; Engs., Sir John MacNeill and Telford MacNeill; Solicitors, Messrs. Tahourdins, 1, Victoria Street, Westminster, S.W., and Robert Cassidy, Belfast. Offices-2, Westminster Chambers, Victoria Street, S.W. BELFAST AND COUNTY DOWN. 19.-BELFAST AND COUNTY DOWN. 11 Incorporated by 10 Vic., cap. 87 (20th June, 1846), for a line from Belfast to Downpatrick, with branches to Holywood, Donaghadee, and Bangor; total, 444 miles. The branch to Holywood, 4 miles, was opened on 2nd August, 1848; from Belfast to Newtownards, 12 miles, on 6th May, 1850; from Comber to Ballynahinch, on 10th September, 1858, 13 miles; to Downpatrick, 9 miles, on 23rd March, 1859; and the line competed by the opening of the branch from Newtownards to Donaghadee, on 3rd June, 1861, 10 miles. By Act 18 Vic., cap. 18 (May 25th, 1855), the capital is fixed at 500,000l., of which 20,000. received for forfeited shares is not liable to dividend; new shares in place of those forfeited, and all shares then unissued may be issued at a preference not exceeding 5 per cent. The borrowing powers were restricted to 166,6667. By this Act the line was authorised to be extended to Ballynahinch, 34 miles further. By 21 and 22 Vic., cap. 78 (12th July, 1858), an extension of time for purchase of land under Act 1855, was granted till July, 1859. By 20 and 21 Vic., cap. 149 (10th August, 1857), powers were granted to subscribe, 15,000l. to the Portpatrick, and to issue shares to that amount, bearing a preferential dividend not exceeding 5 per cent. By21 and 22 Vic., cap. 78 (1858), a further extension of time for making the Donaghadee branch was granted till August, 1861; and also powers to abandon the branch to Bangor. By Act of 24 and 25 Vic., cap. 64 (Downpatrick and Newry Act, 1861), powers were granted to subscribe 20,000l. to the Downpatrick and Newry, and to issue preference shares to that amount not exceeding 5 per cent. By 28 and 29 Vic., cap. 198 (29th June, 1865), the Holywood branch was transferred to the Belfast Holywood and Bangor, at a charge of 50,000/. in cash, with an annual rent of 5,000l. in monthly instalments, but redeemable within ten years, by gradual payment of 1007. for 44 of the said rent. REVENUE.-The receipts for the half-year ending 31st July, resulted in a net revenue of 8,6464., which was divided as follows, viz.:-On the 5 per cent. preference shares, 5,515.; on the 44 per cent. preference shares, 2347.; dividend on the original shares, at the rate of 13 per cent. per annum, 1,474.; leaving a balance of 1,4221. to be carried forward to credit of next half-year's accounts. BELFAST, HOLYWOOD, AND BANGOR.-It was reported in August that the directors, having come to terms with this company, withdrew from Parliament the Bill for sale of the Bangor Line, and under the advice of Mr. John H. Lloyd, concluded an agreement, subject to the Bangor complying with the terms as settled by Mr. Lloyd on behalf of all parties. The directors considered the agreement will be satisfactory to the shareholders, particularly, as, when perfected, it will put an end to the present litigation; meantime the Bangor,funder its provisions are to pay interest on the amount of the unpaid demand of this company, which has been ascertained. NEWCASTLE.-This company having obtained an Act for leasing their line from Downpatrick to Newcastle, either to the Belfast or any parties with whom they can agree, the directors were of opinion that it will be for the interest of this company to take a lease of the Newcastle, upon terms fair to all other parties concerned. Although some negotiations have taken place between your directors and those of the Newcastle, no terms have been definitely agreed on, nor can any be entered into finally without the sanction of the shareholders of both companies specially convened for that purpose. CAPITAL The receipts and expenditure on this account to 31st July, 1870, were detailed as under: 12 BELFAST, HOLYWOOD, ETC.-Belfast and NORTHERN COUNTIES. Scale of Voting.-One vote for every share up to 10; one for every five shares from 10 to 100; and one for every 10 above 100. Certificates are required for transfers. Registration fee, 2s. 6d. each deed and seller. No. of Directors.-Maximum, 12; minimum, 8. Qualification, i,000l. DIRECTORS: Chairman-3 WM. R. ANKETELL, Esq., J.P., Ardtulla, Holywood. 3 John Cleland, Esq., Downpatrick. 2 Wm. Valentine, Esq., J.P., Whiteabbey. 2 J. M. Pirrie, Esq., M.D., Belfast. 3 Robert Gray, Esq., Belfast. 1 Henry Murney, Esq., J.P., Holywood. 1 John Miller, Esq., J.P., Comber. 2 J. J. Murphy, Esq., Old Forge, Dunmurry. 1, Retire in February, 1871; 2, in 1872; 3, in 1873. OFFICERS.-Sec., John Milliken, Belfast; Gen. Man., T. C. Haines, Belfast; Res. Eng. and Supt. of Loco. Dept., C. K. Domville, Belfast; Accountant, Charles Vosser; Auditors, W. B. Caughey, Belfast, and John McGee, Belfast. Head Offices-Queen's Quay, Belfast. 20.-BELFAST, HOLYWOOD, AND BANGOR. Incorporated by 23 Vic., cap. 61 (25th May, 1860), to construct a railway from the Holywood branch of the County Down to the town of Bangor; length, 7 miles; capital, 115,000l. in 107. shares; loans, 38,000l. Traffic arrangements with Belfast and County Down. By 26 and 27 Vic., cap. 123 (13th July, 1863), the period for the completion of works was extended to 13th February, 1865. The company was also authorised to raise additional capital to the extent of 35,000l. in shares, and 11,0007. on mortgage, with power to contribute to the erection of a quay and hotel at Bangor. Opened from Holywood to Bangor (73 miles) on 1st May. On 22nd August, the company purchased the line from Belfast to Holywood (44 miles) from the Belfast and County Down. By 28 and 29 Vic., cap. 103 (29th June, 1865), the Holywood branch of the Belfast and County Down was transferred to the Holywood and Bangor, at a charge of 50,000 in cash, with an annual rent (5,0007.) in monthly instalments, but redeemable within 10 years by gradual payments of 1007. for each 41. 108. of said rent. See Belfast and County Down. By scheme of arrangement under Railway Company's Act of 1867, confirmed by order of Court of Chancery, in England, 29th July, 1869, and enrolled in said Court 24th December, 1869, 70,000. in mortgage bonds. Meetings in February and August. No. of Directors-5; minimum, 3; quorum, 3, and on reduction, 2. Qualification, 2501. DIRECTORS: Chairman-J. B. DUNN, Esq. Sir Charles Lanyon, Belfast. OFFICERS.-Gen. Man., John Dodds, Belfast; Sec., F. Pembroke Jones; Solicitors, Elmslie, Forsythe, and Sedgwick, London, and Longfield, Davidson, and Kelly, 47, Sackville Street, Dublin. Offices-Ethelburga House, Bishopsgate, E.C. 21.-BELFAST AND NORTHERN COUNTIES. BELFAST AND BALLYMENA.-Incorporated by 8 and 9 Vic, cap. 81 (21st July, 1845), for a railway from Belfast to Ballymena, with branches to Carrickfergus and Randalstown. Opened 11th April, 1848. Under Act 17 Vic., cap. 68 (1853), an extension from Randalstown, through Toome, Castle Dawson, Magherafelt, and Moneymore, to Cookstown, was obtained. 27 miles. Single line. Opened 10th November, 1856. The capital for this branch was created on the 30th May, 1856, viz., 192.5001. in 257. shares, the whole of which were taken by holders of original stock. By 23 Vic., cap. 46 (15th May, 1860), the name of the company was changed to "Belfast and Northern Counties," and the capital increased by 70,000, which may be raised in shares, or by borrowing. The company was also authorised to purchase the Coleraine Junction from the Ballymena Ballymoney and Portrush. BELFAST AND NORTHERN COUNTIES. By 27 and 28 Vic., cap. 106 (23rd June, 1864), the company was authorised to construct an extension or tramroad at Portrush, and to purchase additional land. New capital, 100,000. in shares, and 33,0007. on loan. Length, 34 chains. Completion of works, two years. BALLYMENA, BALLYMONEY, COLERAINE, AND PORTRUSH JUNCTION. - Incorporated by 16 and 17 Vic., cap. 89 (8th July, 1853), for a line from Ballymena, by Ballymoney and Coleraine, to Portrush (35 statute miles), to complete the chain from Dublin to Derry (north-west), and with the Coleraine and Portrush (north), and the great trunk from the north to the south of Ireland, and between Portrush Harbour and Glasgow, steamers opening up the beauties of the north, &c. Single line, but company bound to acquire land, and to lay down double when required by Board of Trade. Opened 7th November, 1855. By 21 and 22 Vic., cap. 53 (28th June, 1858), power was given to dispose of the line and works to the Belfast and Ballymena. By 22 Vic., cap. 31 (19th April, 1859), the company was authorised to make a junction at Coleraine with the Londonderry and Coleraine. New capital, 15,0007. in shares at 5 per cent. preference, and 2,000 on loan. By 23 Vic., cap. 46 (15th May, 1860), this junction was authorised to be purchased by the Belfast and Northern Counties, which obtained possession on January 1st, 1861, since which it has been worked as part of the railway. The purchase money consisted of 160,0007. in preference shares, bearing interest at 4 per cent., the Belfast assuming the Portrush bonded debt of 60,0004., making together a total payment of 220,0007. LONDONDERRY AND COLERAINE.-This line is worked by the Belfast and Northern Counties at a mileage per centage. MILEAGE.-Belfast and Northern Counties, 991; Londonderry and Coleraine, 36; Carrickfergus and Larne, 14. Total, 149. REVENUE-The receipts for the half-year ending 31st December, 1869, amounted to 60,1017, as compared with 60,6934. in the same period of 1868; 60,5297. in 1867; and 59,9937. in 1866. The balance of net revenue was 22,9477., out of which the usual dividend on the 4 per cent. preference shares absorbed 3,2007.; on the 44 per cent. preference shares, 3,4927.; and on the ordinary shares at the rate of 5 per cent. per annum, amounting to 13,9477., left a balance of 2,308. The receipts for the half-year ending 30th June amounted to 56,9127., against 55,454. The net increase, as compared with that of the corresponding period in 1869, was 1,4587. The working expenses, which included 8254, the proportion of the cost of a new engine remaining over from the preceding half-year, and 9187., being one-half the cost of a new engine in February, were less by 1,4337. than those for the same period of 1869. The balance of net revenue was 23,0267., out of which a dividend on the ordinary shares, at the rate of 5 per cent. per annum, absorbed 13,9477., and at the rate of 44 per cent. per annum on the preference shares, absorbing 6,5671., left a balance of 2,5121. CAPITAL.-The receipts and expenditure on this account to 30th June, 1870, were reported to have been as follow: Expended. £962,292 188,798 285 Subscriptions to other railways 12,500 £1,158,591 Balance....... 8.647 £1,167,238 £1,167,238 The estimate of further expenditure on capital account showed that 4,1551. were required before the close of the year, to meet which the assets were 75,2417. DIRECTORS: Chairman-3 GEORGE J. CLARKE, Esq., Steeple, Antrim. Deputy-Chairman-3 Sir CHARLES LANYON, The Abbey, Whiteabbey. 2 Godfrey Lyle, Esq., Bangor. 2 John Thomson, Esq., Low Wood, Belfast. 2 James Cramsie, Esq., Ballymoney. Esq., 1 Henry Hugh M'Neile, Esq., Parkmount, 1 Edmund M'Neill, Esq., Ballycastle. 3 Robert Peel Dawson, Esq., M.P., 1 John Young, Esq., Galgorm Castle, 3 The Right Hon. Viscount Templetown, Ballymena. 1 William Valentine, Esq., Belfast. Castle Upton, Templepatrick, and 9, Half Moon Street, W. The figures indicate the order of retirement: No. 1 retiring in August, 1871; when a ballot of shareholders will fill up the vacancies. All eligible for re-election. |