BRISTOL AND PORTISHEAD-BROXBURN-BRYNMAWR, ETC. 29 43.-BRISTOL AND PORTISHEAD. Incorporated by 26 and 27 Vic., cap. 107 (29th June, 1863), to construct a pier at Portbury, and a railway therefrom to the Bristol and Exeter, with a branch to Portishead. Length, 10 miles. Broad gauge. Capital, 200,0007. in 257. shares; loans, 66,600. Opened 12th April, 1867. Agreements with the Bristol and Exeter, by which that company provided the necessary rolling stock, and worked the line in connection with their system; at 40 per cent. when they shall have reached 10,000l. per annum. By 29 Vic., cap. 88 (11th June, 1866), the company was authorised to alter the pier at Portishead, to construct other works, and also to extend the time for their completion till 1870. New capital, 60,0001. in shares, and 20,000l. on loan. Opened 18th April, 1870. REVENUE-The accounts for the six months ending 31st December showed that 114,614 passengers had been carried, and that 4,5631. had been received, as against 82,551 passengers and 3,2601. in the corresponding period of 1868. The working and other expenses amounted to 3,6971., as against 3,1241. expended in the same half of 1868. The Ilfracombe traffic had been largely developed, passengers who used to go from London by the South Western and then over the North Devon now came over the Great Western and the Portishead. The company's arrangement with the Great Western was very liberal, and it was carried out in the most loyal manner. The receipts for the June half year, after deducting the proportion belonging to the Bristol and Exeter, amounted to 3,5817., against 2,3207, in 1869, while the working expenses had been somewhat less. The daily summer service with Ilfracombe and Lynmouth had been made more complete, and arrangements concluded with the Great Western and Midland, and the Bristol General Steam Navigation and Cork Steamship, for their through passenger traffic to be interchanged at Portishead. Plans for dock and harbour works had been prepared and would be submitted to shareholders. Meetings in February and August. No. o Directors-8; minimum, 5; quorum, 3 and 5. Qualification, 5001. DIRECTORS: Chairman-JAMES FORD, Esq., Wraxall Court, Wraxall, Somerset. Deputy-Chairman-GEORGE ROCKE WOODWARD, Esq., Cornwallis Grove, Clifton. Richard Fry, Esq., Cotham Lawn, Bristol. Frederick Weatherly, Esq., Lewis Fry, Esq., Clifton Hill. Richard Fuidge, Esq., Victoria Square, Portishead. Hillside, John Robinson Mc.Clean, Esq., M.P., 2, Park Street, Westminster, S.W. OFFICERS.-Sec. and Gen. Man., J. F. R. Daniel; Engs,, Mc. Clean and Stileman, 23, Great George Street, Westminster, S. W.; Solicitors, Isaac Cooke and Sons, Bristol; Auditors, J. T. Pike and W. Tribe. Offices-6, Clare Street, Bristol; and the Pier, Portishead. 44.-BROXBURN, Incorporated by 30 and 31 Vic., cap. 175 (12th August, 1867), to construct a line from the Edinburgh and Glasgow, at Kirkliston, to Broxburn. Length, 14 mile. Capital, 8,000. in 107. shares, and 2,6007. on loan. Arrangements with North British. No. of Directors-3; quorum, 2. Qualification, 100l. Walter Maclellan, Esq. DIRECTORS: Robert Bell, Esq. 45.-BRYNMAWR AND BLAENAVON. Incorporated by 29 and 30 Vic., cap. 209 (16th July, 1866), to construct a line from the Merthyr Tredegar and Abergavenny, near the Brynmawr station, to Blaenavon. Length, 4 miles. Capital, 60,000/. in 107. shares (deferred and preferred), and 20,000. on loan. Arrangements with London and North Western, in which the line is now vested. Opened for merchandise and minerals on 1st November, 1869. No. of Directors-5; quorum, 3. Qualification, 5001. DIRECTORS: *William Tipping, Esq., M.P., Arques, | *Oscar Leslie Stephen, Esq., Bardon Hall, near Dieppe. Leicester. George Frederick Finch, Esq. *Represent L. and N.W. 46.-BUCKFASTLEIGH, TOTNES, AND SOUTH DEVON. Incorporated by 27 and 28 Vic., cap. 258 (25th July, 1864), to construct a line from the South Devon, at Littlehemstone, to Buckfastleigh, and a branch to Totnes. Broad gauge. Length, 7 miles. Capital, 48,000l. in 10. shares, and 16,000. on loan. Arrangements with South Devon. Works in progress. Great delay has been occasioned in consequence of the difficulty of obtaining the land required from the ecclesiastical commissioners, but it was reported in August that these difficulties had been surmounted, and that the works would be vigorously prosecuted. By 28 Vic., cap. 41 (26th May, 1865), the company was authorised to extend its lines to Ashburton. Length, 24 miles. New capital, 48,000. in shares, and 16,000!. on loan. By 31 Vic., cap. 14 (29th May, 1868), an extension of time for completion of works till 1871 was obtained. By 32 and 33 Vic., cap. 75 (12th July, 1869), the company was authorised to attach a preferential dividend, not exceeding 6 per cent., on shares to be created in lieu of such as might be cancelled. Interest on mortgage debt guaranteed by South Devon. CAPITAL.-The expenditure on this account to 30th June, 1870, amounted to 36,761; the receipts being, from shares 31,509., leaving a balance against the account of 5,2231. No. of Directors-6; minimum, 3; quorum, 3 and 2. Qualification, 2501. DIRECTORS: Chairman-JOHN HAMLYN, Esq., Buckfastleigh. John Winterbotham Batten, Esq., 16, *John Furneaux, Esq., Buckfastleigh. Jeffrey Michelmore, Esq., Berry, Totnes. * Retiring Directors, 1871. + Retiring Auditor, 1871. 47.-BUCKINGHAMSHIRE. An amalgamation of the BUCKINGHAM AND BRACKLEY, incorporated by 9 and 10 Vic., cap. 233 (1846), and of the OXFORD AND BLETCHLEY, incorporated by 9 and 10 Vic., cap. 82 (1846), under the present title by 10 and 11 Vic., cap. 336 (1847) with further powers or an extension of the former scheme north to Banbury: Bletchley to Oxford, 31 miles, with a line from Claydon to a junction with the Great Western Oxford and Rugby, at Banbury-214 miles. Total, 53 miles. The amount authorised by the Extension Act of 1847 (450,000.) was provided by the London and North Western. An Act was obtained in 1853 to authorise a junction with the Oxford Worcester and Wolverhampton, near Oxford. The whole undertaking is leased from 1st July, 1851, for 999 years, under Acts 11 and 12 Vic.. cap. 236, to the London and North Western, at 4 per cent. per annum, with half surplus profits. Meetings held in London, in February and August. Scale of Voting.-C. C. C. Act. sec. 75. Certificates must accompany transfer stock. Registration fee, 2s. 6d. each deed. The company will transfer 10s, of stock. Director's Qualification, 50 shares-8751. stock. DIRECTORS: Chairman-Sir HARRY VERNEY, Bart., M.P., 32, South Street, Park Lane, W., and Claydon House, Buckinghamshire. Robert Benson, Esq., Craven Hill Gardens, | Richard Ryder Dean, Esq., Gloucester Hyde Park, W. His Grace the Duke of Buckingham, The Earl of Caithness, 34, Hill Street, Timothy Rhodes Cobb, Esq., Banbury, Place, Portman Square, W. The Hon. Arthur Fitzgerald Kinnaird, The directors retire from office in rotation, in the alphabetical order of their names. All eligible for re-election. OFFICERS.-Sec.. William Long; Auditors, Henry Crosfield, Liverpool, aud Richard Carter, Buckingham. Offices-Euston Station, N.W. BUCKLEY-BUDE AND TORRINGTON JUNCTION. 48.-BUCKLEY. 31 Incorporated by 23 Vic., cap. 89 (14th June, 1860), to construct a line from Buckley to Connah's Quay, Flintshire. Length, 5 miles. Capital, 30,000. in 107. shares; loans, 10,000. The line is purely of a mineral character. By 26 and 27 Vic., cap. 104 (29th June, 1863), the company was authorised to raise new capital to the extent of 30,0007. at such preference as the proprietors might think fit, and 10,0007. on mortgage. By 29 Vic., cap. 41 (18th May, 1866), the company was authorised to carry passengers on the line, and also to create new capital to the extent of 30,0001. in shares, and 10,000. on loan. By 29 and 30 Vic., cap. 270 (23rd July, 1866), certain articles of agreement between this company and the Wrexham Mold and Connah's Quay obtained parliamentary sanction. They chiefly related to joint-working or amalgamation at a period to be afterwards determined. By this agreement the Wrexham Mold and Connah's Quay work the line, and guarantee 5 per cent. on the ordinary and preference shares, and interest on debentures. It was reported in August, that in consequence of the expenses incurred in the session of 1869, dividend for the half-year had been reduced from 5 to 4 per cent., and as a considerable portion of such expense still remained unpaid, and as some additional expense had to be incurred in connection with an application to the Board of Trade by the Wrexham Mold and Connah's Quay, it was necessary that a similar reduction should be made from the dividend of the current half-year, which the directors hoped would clear off all liabilities chargeable to revenue account. CAPITAL.-The receipts and expenditure on this account to 30th June, 1870, are detailed as under: No. of Directors.—Maximum, 7; minimum, 5; quorum, 3. Qualification, 2001. DIRECTORS: Chairman-G. M. DIXON, Esq., Bucknowle House, Wareham, Dorset. Charles Davison, Esq., Celyn Northop, | W. B. Buddicom, Esq., Penbedu Hall, James Richardson Barnes, Esq., Brook side, Chirk, North Wales. near Mold. OFFICERS.-Sec., John Broughton, Wrexham: Eng., Geo. Bellis, Mold; Auditor, Robt. Williams; Solicitors, Kelly, Keene, and Roper, Mold; Bankers, the North and South Wales Bank, Mold. Offices-Railway Station, Wrexham. 49.-BUDE AND TORRINGTON JUNCTION. Incorporated into a separate undertaking (from the Devon and Cornwall) by 32 and 33 Vic., cap. 127 (26th July, 1869). Length, 41 miles. Capital, 350,0007. in shares, and 116.0007. on loan. Shares divided into deferred and preferred. Arrangements with South Western. No. of Directors-5; minimum, 3; quorum, 3 and 2. Qualification, 250%. DIRECTORS: Francis John Thynne, Esq., Haynes Park, | George Alfred Hillier, Esq., Gresham Joint Solicitors, Townsend and Co., 3, Princess Street, Westminster, 8. W., and James Brend Batten, 32, Great George Street, Westminster, S.W. BURNHAM TIDAL HARBOUR, ETC.—BUR ST. EDMUNDS, ETC. 50.-BURNHAM TIDAL HARBOUR AND RAILWAY. Incorporated by 23 and 24 Vic., cap. 191 (6th August, 1860), to convert part of the river Brue into a tidal harbour, for making a quay or landing-place at Burnham, and lines as sidings in connection with Somerset and Dorset, with power for the company to work steam vessels between Burnham and any place on the South Wales Coast, or in the Bristol Channel. Capital, 37,000l. in 10. shares (of which 7,000l. is to be for purposes of the railway). Loans, 12,3001. Length, 18 miles. The Somerset and Dorset subscribed for 12,000. The Act also authorises the company to enter into agreement with the Somerset and Dorset with respect to construction, working, and traffic. By 28 and 29 Vic., cap. 188 (29th June, 1865), the number of directors was reduced to seven, and new capital authorised to the extent of 225,0007. in shares, and 75,000%. on mortgage. Also to construct new docks at Burnham, and to alter the channel of the river. No. of Directors-5; quorum, 3. Qualification, 5001. DIRECTORS: Sir Edward Baker Baker, Bart., Ranston, | George Warry, Esq., Shapwick House, Somerset. near Blandford, Dorset. Secretary and General Manager, Robert A. Read. Chief Offices-Glastonbury, Somerset. Offices in Cardiff-5, Stuart Street, Bute Docks. 51.-BURY ST. EDMUNDS AND THETFORD. Incorporated by 28 and 29 Vic., cap. 348 (5th July, 1865), to construct a line from Bury St. Edmunds to Thetford, to and from the Great Eastern at these places. Length, 134 miles. Capital, 120,000l. in shares, and 40,0007. on loan. Arrangements with Great Eastern. By 33 and 34 Vic., cap. 146 (1st August, 1870), the company was authorised to make a deviation in its route and to abandon part of the works. Capital reduced to 100,000. in shares, and 33,3007. on loan. Extension of time for completion of works till August, 1873. It was reported in August that an appeal to the shareholders and the district for additional capital had proved only partially successful, so that the directors were still unable to finish the line. Another contractor was willing to complete the works, provided a certain sum was guaranteed, and the shareholders might possibly be called together shortly to hear a further statement upon the subject. No. of Directors-5; quorum, 3. Qualification, 2001. DIRECTORS: Chairman-EDWARD GREENE, Esq., M.P., The Abbey, Ixworth, and Palace Hotel, Buckingham Gate, S.W. Deputy-Chairman-ROBERT BOBY, Esq., Ironmonger, Bury St. Edmunds. Hunter Rodwell, Esq., Q.C., Ampton Park, | Fuller Maitland Wilson, Esq., StowlangBury St. Edmunds. toft Hall. James Henry Porteus Oakes, Esq., Newton All eligible for re-election. OFFICERS.-Sec., John W. Ion, Solicitor, Bury St. Edmunds; Eng., Peter Bruff, C.E., 16, Charing Cross, W.C.; Solicitors, Partridge and Greene, Bury St. Edmunds, and Messrs. Tahourdin, 1, Victoria Street, Westminster, S. W.; Auditors, Eld Edmund Clayton, Draper, Bury St. Edmunds, and George John Oliver, Grocer, Bury St. Edmunds; Brokers, Partridge and Greenfield, 21, Throgmorton Street, E.C. 52.-BURRY PORT AND GWENDRAETH VALLEY. Incorporated by 28 and 29 Vic., cap. 218 (5th July, 1865), to convert the canal into a railway, from Burry Port to the Mountain Branch of the Llanelly, with several branches. Length, 18 miles. Capital, 120,000l. in shares, and 18,000l. on loan. Of the shares, 72,100%. represent the old canal property, 47,9007. that required for the conversion. By 29 Vic., cap. 5 (30th April, 1866), the Burry Port and Gwendraeth Valley was amalgamated with the Kidwelly, the share capital of which is 85,000l. By 30 Vic., cap. 1 (29th May, 1868), an extension of time for completion of works till 1st August, 1871, was obtained. By certificate of the Board of Trade, authority was obtained, in 1870, to cancel existing powers of raising 22,000. by issue of ordinary shares or bond, and to raise in lien thereof 50,0001. by new ordinary or new preference shares or stock. No. of Directors.-5; minimum, 3; quorum, 3 and 2. Qualification, 5002. 53.-BUSBY. Incorporated by 23 Vic., cap. 26 (11th May, 1863), to construct a line from the Glasgow Barrhead and Neilston, to Busby, with a branch to printworks. Length, 44 miles. Capital, 60,0001. in 10. shares, and 20,000. on loan. Arrangements with Caledonian, which subscribes 15,000, and works the line at 50 per cent. of gross receipts. By 28 and 29 Vic., cap. 229 (5th July, 1865), the company was authorised to extend the line to East Kilbride. Length, 4 miles. New capital, 45,000l. in shares, and 15,000% on loan. Caledonian subscribes 15,000l. in shares. In operation, 8 miles. It was reported in August, 1870, that the revenue, which is gradually increasing, had accumulated so as to yield at the rate of 4 per cent. on the preference stock for the half-year. CAPITAL-The statement of stock and share capital created, showing the proportion received on 31st July, furnished the following particulars: Description. Ordinary stock, 6,000 shares of 107. each..................................................................................... per cent. preference stock...... 5 Total...................... The arrears on ordinary stock amounted to 17,2501. The expenditure to 31st July, 1870, was stated at 126,863, the receipts having been as under:Shares and stock £87,750 28,900 403 £117,053 9,810 £126,863 CALEDONIAN.-At a meeting of this company, on 30th September, 1869, it was resolved to contribute and apply 22,000l. towards the Busby, in addition to the sums already authorised to be contributed by the company to that undertaking; and to take and hold additional shares or stock in the capital of the Busby to an extent corresponding to that amount. Meetings in February or March, and August or September. No. of Directors-4; minimum, 3; quorum, 2. Qualification, 2501. DIRECTORS: Chairman-JOSEPH COLIN WAKEFIELD, Esq., Eastwood Park. Robert Paterson, Esq., of Birthwood. Robert Osborne, Esq., of Thorntonhall. OFFICERS.-Treas., John Graham, 71, West Nile Street, Glasgow; Sec., James Keyden; Auditors, Walter Mackenzie and William Anderson; Engs., Forman and M'Call; Solicitors, Keydens, Strang, and Girvan. Offices-186, West George Street and 71, West Nile Street, Glasgow. 54. CAITHNESS. Incorporated by 29 and 30 Vic., cap, 292 (30th July, 1866), to construct a line between Wick and Thurso, with a view to its further extension to join the Sutherland. Length, 21 miles. Capital, 130,000l. in 10. shares, and 43,000. on loan. Arrangements with Highland. It was reported in September that the Sutherland, through the munificent expenditure of the Duke of Sutherland, had been extended from Golspie to Helmsdale. In accordance with the wishes of the shareholders, the directors continued their efforts to secure the construction of the whole line from Wick and Thurso to Helmsdale-a total length of about 67 miles. They are convinced that it is only by the liberal D |