54 COLCHESTER, stour valley, ETC.—COLEFORD, MONMOUTH, ETC. DIRECTORS: Chairman-ISAAC FLETCHER, Esq., M.P., Tarn Bank, Workington, and 6, York Street, St. James's, S. W. Deputy-Chairman-JOHN JAMESON, Esq., J.P., Moorhouses, Penrith *Capt. Henry Gandy, of Eden Grove, † William Nicholson Hodgson, Esq., M.P., Penrith. Isaac Lowthian, Esq., Penrith. *John Simpson, Esq., Penrith. John James Spedding, Esq., J.P., Greta Arthur Dover, Esq., Skiddaw Bank, Newby Grange, Carlisle, and 33, Duke Major Andrew Green Thompson, J.P., Henry Pease, Esq., Pierremont, Darling- Isaac Wilson, Esq., J.P., Middlesbro'-on- *Retire by rotation in August, 1871; but are eligible for re-election. Nominated by the London and North Western. Nominated by the North Eastern. OFFICERS.-Sec, and Man., Peter Thompson; Eng., John Wood, C.E., Keswick; Accountant, Joseph Wales; Solicitor, Edward Waugh, Cockermouth; Auditors, *John F. Crosthwaite, Keswick, and Thomas Altham, Penrith. Offices-Keswick. 69.-COLCHESTER, STOUR VALLEY, SUDBURY, AND HALSTEAD. Incorporated by 9 and 10 Vic., cap. 76 (1846). Re-constituted by 18 Vic., cap. 19 (May 25th, 1855). The rent by the Great Eastern being regularly paid, the directors are chiefly occupied in distributing the proceeds. The dividends declared for the year ending 30th June, 170, were equal to 11. 13s. 6d. per cent. for each half year. CAPITAL.-The receipts on this account have been 286,2017., and the expenditure 286,3691., showing a balance against the company of 1677. DIRECTORS: Chairman-THOMAS L'ESTRANGE EWEN, Esq., Dedham, near Colchester, John Garrad, Esq., Bures St. Mary, near James Dalton, Esq., Bures St. Mary, near William Quilter, Esq., Moorgate Street, E.C. Charles Henry Hawkins, Esq., Colchester, OFFICERS.-Sec., Frederick Blomfield Philbrick, Solicitor, Colchester; Auditors. John Ward, Head Street, Colchester, and Charles Frederick Fenton, of Colchester. Offices-Church Lane, Colchester. 70.-COLEFORD, MONMOUTH, USK, AND PONTYPOOL. Incorporated by 17 Vic., cap. 217 (20th August, 1853), for a central line through Monmouthshire, to develope the mineral resources, from Llanfihangel (Pontemoyle junction with the Newport and Hereford) to Coleford, Gloucestershire; branch, Dixton to Monmouth gas works. Connection established with the Newport and Pontypool, which communicates with Taff Vale Extension and Monmouthshire lines. Designed to go through the Forest of Dean to the South Wales, and effect communication with Gloucester and London. Length: main line, 21 miles; branch mile. Narrow gauge. By 24 and 25 Vic., cap. 197 (22nd July, 1861), the company was authorised to lease the undertaking to the West Midland, at the rent of 4,6801. for the first year; 5,6161. for the second; 7,0201. for the third, fourth, fifth, and sixth; 8,190l. for the seventh; 9,3601. for the eighth; 10,0627. for the ninth; and thereafter, 10,7641. per annum. This lease has been carried into effect, and the traffic returns appear in those of the Great Western. Dividends equal to 4 per cent. per annum are declared half-yearly. No. of Directors.-Maximum, 12; minimum, 9; quorum, 4. Qualification, 25 sui juris. Committee of Directors, 3 to 5; quorum, 3. COLNBROOK-COLNE VALLEY AND HALSTEAD. DIRECTORS: Chairman-CRAWSHAY BAILEY, Esq., Llanfoist House, Monmouthshire. Deputy-Chairman-THOMAS BROWN, Esq., Lower Hardwick, Chepstow, Monmouthshire. 55 George Cave, Esq., Westbury-on-Trym,, George Relph Greenhow Relph, Esq., Henry Dyke, Esq., Monmouth. Offices-Usk. John Russell, Esq., Terhill House, Cheltenham. Solicitor and Secretary, A. Waddington, Usk. 71.-COLNBROOK. Incorporated by 29 and 30 Vic., cap. 343 (6th August, 1866), to construct a line from West Drayton, on the Great Western, to Colnbrook, with a branch to the South Western at Staines. Length, 5 miles. Capital, 60,000l. in 10. shares, and 20,000, on loan. Arrangements with Great Western and South Western. No. of Directors-6; minimun, 3; quorum, 3 and 2. Qualification, 2001. Charles Edward Barlow, Esq. Edward V. Hemingway, Esq. DIRECTORS: Percy Grove Ibotson, Jun., Esq. 72.-COLNE VALLEY AND HALSTEAD. Incorporated by 19 and 20 Vic., cap. 61 (0th June, 1856), to make a railway from the Chappel station of the Colchester and Stour Valley to the town of Halstead, in the county of Essex. Capital, 40,0007. in 107. shares; loans, 13,3337. Agreement may be made with the Colchester and Stour Valley and Great Eastern. Length, 64 miles, forming a junction with Colchester and Stour Valley. Opened 16th April, 1860. By 22 and 23 Vic., cap. 122 (13th August, 1859), the company was authorised to extend the line from Halstead to Haverhill. New capital, 80,000l. in shares, and 27,000. on loan. Open to Castle Hedingham, 33 miles, 1st July, 1851; to Yeldham, 23 miles, on 29th May, 1862: to Haverhill, 10th May, 1863. In operation, 20 miles. By 24 and 25 Vic., cap. 237 (6th August, 1861), the company was authorised to raise additional capital to the extent of 30,000l. in shares, and 10,0007. on loan. By the Amalgamation Act of 1862, the Great Eastern is bound to take and work the Colne Valley, if the company call upon them to do so, on the terms of paying over 50 per cent. of the earnings. Facilities are also given for transmission and receipt of traffic between the Colne Valley and the Great Eastern, by through booking and through rates, in case the former company should prefer to work its own line. By 26 and 27 Vic., cap. 186 (21st July, 1863), the company was authorised to increase its capital by 23,0001. in shares at 5 per cent., and 9,000. on loan. An agreement for joint use of the Great Eastern station at Haverhill, with running powers thereto, was also sanctioned. By 28 Vic., cap. 1 (7th April, 1865), the company was authorised to raise new capital to the extent of 40,0001. in shares, and 13.3007. on loan. REVENUE.-This account showed a gross earning of 3,9771. for the half-year ending 31st December, 1869, being 537. less than for the corresponding period of 1868. The expenditure amount to 3,3341., leaving a balance of 6431.; to this was added 1637. from preceding half-year, making 8061. From this was deducted 3187. liability under contract to Sir D. Gooch, M. P., leaving 3881. for next account. The revenue account for the June half-year showed that 3,4007. had been received and 3,4917. expended. The balance brought from the preceding half-year amounted to 3897, from which was deducted 1837. advanced to meet land purchase account, and 917. to meet deficiency of receipts to pay working expenses, leaving 1157. for next account. It was reported in August that the questions referred to the arbitration of Captain Tyler had at length been settled and the award given. The line, works, and stations continued to be maintained in good order. CAPITAL-This account to 30th June, 1870, showed that 263,1347. had been expended, leaving a balance of 78,9217. against the account, including 76,2007. in Lloyd's bonds. Meetings in February and August. No. of Directors-6; minimum, 3; quorum, 3. Qualification, 2501. CORK AND BANDON. DIRECTORS: Chairman-JAMES BREWSTER, Esq., J.P., Ashford Lodge, Halstead, Essex. Fred. Payne, Esq., Wixoe, Haverhill. OFFICERS.-Gen. Man. and Lessee, Robert Johnston Watt, Halstead, Essex; Sec., Edmund Harvey, 6, Victoria Street, Westminster, S.W.; Eng., Joseph Cubitt, C.E., 6, Great George Street, Westminster, S. W.; Auditor, W. H Wilson, 6, Victoria Street, Westminster, S.W.; Solicitors, Baxter, Rose, Norton, and Co., 6, Victoria Street, Westminster, S. W. Offices-6, Victoria Street, Westminster, S.W. 73.-CORK AND BANDON. Incorporated by 9 Vic., cap. 122 (July, 1845), for a line from Cork to Bandon. By 11 Vic., cap. 194, a deviation and extension into Cork authorised. Length, 20 miles. Irish gauge (5 feet 3 inches). Open from Bandon to Ballinhassig, 9 miles, 1st August, 1849, the remainder December 8th, 1851. By 15 Vic., cap. 35 (28th May, 1852), this company has been further authorised to raise an additional capital of 48,000.; to issue new shares for the additional capital authorised and in lieu of shares forfeited, cancelled, or surrendered, with guaranteed interest not exceeding 6 per cent. per annum, under sanction of three-fifths of special meeting; also to create "debenture shares," in lieu of loans under first Act, with interest not exceeding 5 per cent. per annuin. By Act of 1854 the company were entitled to create 6,000 shares of 51. each, at 6 per cent. dividend till 31st December, 1863: 4 per cent. in perpetuity thereafter. These were issued on 7th August, 1854, and 12th February, 1856. REVENUE. The receipts for the half-year ending 31st December, 1869, amounted to 14,205, against 12,7897. for the corresponding period, showing an increase of 1,416. The expenditure on the renewal and maintenance of the permanent way, works, &c., would bring the line inte excellent order, and the Board looked upon this expenditure as the wisest economy. The capital account had been increased during the half-year by 1,2947. expended on building a goods store in Bandon and providing additional wagons, which were much required. The balance of the halfyear, after defraying all expenses, interest on mortgage debt, &c., showed 16,029%. was available for dividend; but, in consequence of an injunction being in force, the directors could only recommend the payment of a dividend on the No. 1 preference shares at the rate of 5 per cent. per annum, leaving a balance of 14,709%. for next account. They recommended that a dividend at the rate of 4 per cent, per annum be declared on the No. 2 preference shares amounting to 592.. for which deferred warrants were issued. The receipts for the half-year ending 30th June amounted to 13,9831., and for the corresponding period of 1869 to 12,6647., showing an increase of 1,3191. There had been an increase in every branch of trathe, indicating a continued improvement in receipts. the debenture debt there remained a balance of 19,7881. After making provision for the payment of interest on No. 1 preference shares at 5 per cent., 1,3201; on No. 2 preference shares at 4 per cent., 5927.; arrears of dividend on No. 1 preference, 4,8007.; and arrears of dividend Out of a dividend on on No. 2 preference, 3,5531., making together 10,2647., left 9,5247., out of which, the directors had the pleasure, for the first time, to propose a dividend on the ordinary shares of 2 per cent. per annum, amounting to 3,0007., leaving 6,5241, for next account. CAPITAL. This account showed an increase of 6531. for the half-year, in payment for new wagons and the building of gatehouses on the line; while an expenditure of 2007. for the current half-year was estimated for additions, gatehouses, and an old claim due for land. The details are as follow: Expended. .£311,942 Received. Shares.....................................................................£252,833 On lines open for traffic........................... 71,424 Working stock.................................................. 30.952 Balance 100 £324,358 18.535 £342,894 £342,894 Qualification, 1,0007. No. of Directors.-Maximum, 12; minimum, 6; quórum, 3. stocks, except debenture stock. Committee of Directors, 3 to 7; quorum, 3. CORK AND BANDON-CORK, BLACKROCK. AND PASSAGE. 57 DIRECTORS: Chairman-VALENTINE O'BRIEN O'CONNOR, Esq., Deputy-Lieut., 3, Beresford Place, Dublin. Dublin. Alexander Findlater, Esq., the Slopes, | Robert G. Collis, Esq., Leeson Park, LOCAL COMMITTEE AT CORK: Wm. Lumley Perrier. Esq., J.P., Cork. Thomas Clarke, Esq., J.P., Rocksavage, David Barry, Esq., Cork. Cork. OFFICERS.-Sec., James H. Connell; Engineers-in-Chief, Cotton and Flemyng; Traffic Manager, Richard Coghlan; Solicitors, Barrington and Jeffers, Dublin, and Thomas Babington, Cork; Auditors, Frederick W. Niven and Maurice Leonard; Bankers, National Bank, Old Broad Street, E.C., Royal Bank, Foster Place, Dublin, and National Bank, Cork. Offices-45, Talbot Street, Dublin. 74.-CORK, BLACKROCK, AND PASSAGE. Incorporated by 9 and 10 Vic., cap. 148 (July, 1846), for a line (Cork to Passage West) 6 miles. In 1847 an extension was granted to Monkstown Baths, 1 mile. From Cork to Passage West, 6 miles, opened on 8th June, 1850. It was reported in May, 1870, that the receipts showed an increase of 2021. over the corresponding period, and as a fair balance was carried over from the previous halfyearly account, there was a sum of 917. available, out of which it would be quite legitimate to pay a dividend of 33. per share; but having regard to the fact that such a division of profits would almost entirely absorb the available balance, the directors deemed it more prudent to recommend a dividend of 2s. per share, which would leave a sum of 3251, to credit of new account. CAPITAL.-The receipts and expenditure on this account to 30th April, 1870, were given as follow: The accounts are made up to 30th April and 31st October, and the statutory meetings held at Cork in May and November. Certificates must accompany transfer deeds. Transfer fee, 28. 8d. Scale of Voting.-1 to 5 shares, 1 vote; 6 to 10 shares, 2 votes; and 1 additional vote for every 10 shares. No. of Directors.-Maximum, 15; minimum, 12; present number, 12. Qualification, 20 shares. DIRECTORS: Chairman-ROBERT HALL, Esq., South Mall, Cork. John H. Sugrue, Esq., J.P., Cork. John Chinnery Armstrong, Esq., B.L., Nicholas King, Esq., M.D., Dublin. Sir William B. Hackett, J.P., Merchant, Alexander Findlater, Esq., Upper Sack- Joseph H. Carroll, Esq., Strand Crescent, Patrick David Jeffers, Esq., Ely Place, OFFICERS.-Sec., John Hackett; Loco. and Traffic Supt., James Barber; Auditors, Denis M'Carthy Mahony and Thomas Exham. Head Office-Victoria Road, Cork. 58 CORK AND KINSALE JUNCTION-CORK AND LIMERICK DIRECT. 75.-CORK AND KINSALE JUNCTION. Incorporated by 22 Vic., cap. 23 (19th April, 1859), to construct a line from the Cork and Bandon to Kinsale, with a branch or tramway to Kinsale Harbour. Capital, 45,000. in 10. shares; loans, 15,000. The line commences 134 miles from Cork, and terminates at the military barracks in Kinsale. Length from junction of line with Cork and Bandon to the deep water of Kinsale Harbour, 11 miles. Opened 27th June, 1863. By 26 Vic., cap. 56 (8th June, 1868), the company was authorised to raise new capital to the extent of 20,000/. at 6 per cent., and 6,6007. on loan, which has been so raised and created at a special meeting held 21st November, 1863, and some unissued original shares were cancelled and preference substituted therefor on the same terms. CORK AND BANDON.-This company is working the Kinsale Junction, temporarily, at a mileage of 2s. 3d. per train mile, and providing the necessary rolling stock, and renewal of works, &c., and the Cork and Kinsale have the privilege of working its through traffic over the Cork and Bandon, under their Act of last session, subject to terms, and under the same Act have obtained power to raise money to purchase rolling stock for that purpose. No. of Directors-7; minimum, 5; quorum, 3. Qualification, 2507. DIRECTORS: Henry Conybeare, Esq., 20, Duke Street, | William Parsons, Esq., Cork. Wm. Bainbridge, Esq., Yarm, Yorkshire. J.W.Holland, Esq. Birley House, Forest Hill. OFFICERS.-Sec., H. Williams Wood; Solicitors, Radcliffe and Davis, Craven Street, Strand, W.C., and Thomas Babington, Cork; Bankers, National Bank, London, Dublin, and Cork. Offices-6, Westminster Chambers, Victoria Street, Westminster, S.W. 76.-CORK AND LIMERICK DIRECT. Incorporated by 23 and 24 Vic., cap. 100 (3rd July, 1860), to construct a line from the Great Southern and Western, near Charleville, to the Limerick and Foynes, near Patrick's Well. Also a short line at Limerick. Length, 25 miles. Capital, 100,000l. in 107. shares. Loans, 33,000. Opened 1st August, 1862. By 28 and 29 Vic., cap. 156, the company was authorised to issue preference shares in lieu of those cancelled, and also to create debenture stock. Portions of Great Southern and Limerick and Foynes are used by agreement. Trafic arrangements with those companies under the usual restrictions, during continuance of which the entire system to be considered as onc. The Cork and Limerick is also authorised to subscribe 5,000l. to the Rathkeale and Newcastle Junction. The line is worked by the Great Southern and Western, at 40 per cent., and the Cork and Limerick pays 1,4007. a year for the use of eight miles of the Foynes into Limerick. The dividend for the half year ending 31st December, 1869, was 17. 17s. 6d., and for the June half year, 11. 158. CAPITAL The receipts and expenditure on this account to 30th June, 1870, were detailed as follow: No. of Directors-7; minimum, 3; quorum, 4. Qualification, 5001. |