II. EDINBURGH, PERTH, AND DUNDEE.-This company, under an Act of 1847 (11 Vic., cap. 239), is an amalgamation of the EDINBURGH, LEITH, and GRANTON, incorporated 1836, by Act 6 and 7 Wm. IV., cap. 131, and the EDINBURGH and NORTHERN, incorporated by 8 and 9 Vic., cap. 158. These two lines are connected by a steam ferry across the Firth of Forth.

The above companies were dissolved and re-incorporated under this title, by Act 13 Vic., cap. 79 (1849), and again dissolved and re-incorporated by Act 14 and 15 Vic., cap. 55 (1851), the undertaking being defined to be a line from Edinburgh, in conjunction with the North British and Edinburgh and Glasgow, to Leith Harbour, Granton Pier, Burntisland (on the opposite shore), and Ladybank; a junction with the Scottish Central, near Perth, to Cupar and Ferry-Port-on-Craig, opposite Dundee and Broughty Ferry, to join the Dundee and Arbroath to Dundee and the North; a branch from Thornton to Dunfermline, to join the Stirling and Dunfermline, and to Kirkaldy Harbour. Length of railways and ferries, 78 miles.

KINROSS-SHIRE.-Incorporated by 20 and 21 Vic., cap. 124 (10th August, 1857), for making a railway from the Dunfermline branch of the Edinburgh Perth and Dundee to Kinross, with a branch to Kingseat, Capital, 53,000. in 10. shares; loans, 17,666. Length, 7 miles; branch, 34 miles. Opened 20th June, 1866. By 24 and 25 Vic., cap. 177 (22nd July, 1861), the company was authorised to substitute for the Kingseat branch (formerly authorised for effecting a junction with the West of Fife Mineral) another but shorter and less expensive branch for the same purpose; as also to construct a branch (length, 1 mile 79 chains), to join the Devon Valley, near Kinross. The former is completed, and the latter has been abandoned, in virtue of power to that effect in 25 and 26 Vic., cap. 181 (29th July, 1862), the connection being attained by a junction with the Fife and Kinross, at Kinross. By 24 and 25 Vic., cap. 214 (1st August, 1861), the line is amalgamated with the Edinburgh Perth and Dundee, and a dividend of 5 per cent. per annum on the Kinross-shire share capital is to be paid out of the gross revenue earned upon the Kinross-shire, after payment of public burdens and interest on loan debt; the working charges being defrayed by the Edinburgh Perth and Dundee, from its own revenue, after payment of preferential interest and dividend.

FIFE AND KINROSS.-Incorporated by 18 and 19 Vic., cap. 127 (16th July, 1855), to make a railway from Ladybank, on the Edinburgh Perth and Dundee, by Auchtermuchty and Strathmiglo, to Milnathort and Kinross. Capital, 70,000l. in 107. shares, borrowing powers, 23.0007. Length, 14 miles. By 20 and 21 Vic., cap. 129 (10th August, 1857), certain deviations were sanctioned, and the company allowed to extend the line from Milnathort to Kinross. Additional capital, 12,0007. by 5 per cent. preference, and 4,000, on loan. By 21 and 22 Vic., cap. 65 (28th June, 1858), a junction was authorised with the Kinross-shire, with joint station at Kinross. Estimate, 13,500. By 24 and 25 Vic., cap. 181 (11th July, 1861), the company was authorised to raise additional capital to the extent of 53,8501. in new shares, to which a preferential dividend of 44 per cent. has now been attached, cancelling 25,8501. of unissued share capital, authorised by previous Acts, the share capital of the undertaking is fixed at 110,000. Borrowing powers 36,600. Length, 15 miles 62 chains. By 25 and 26 Vic., cap. 181 (29th July, 1862), the Fife and Kinross was amalgamated with the Edinburgh Perth and Dundee.

III. WEST OF FIFE.-Incorporated by 19 and 20 Vic., cap. 98 (14th July, 1856), for making a line from Dunfermline to Killairnie, 6 miles, with a branch to Kingseat, 1 furlong. Capital, 45,000l. in 10. shares, with power to borrow 15,000. By 20 and 21 Vic., cap. 91 (27th July, 1857), the company is authorised to construct a branch to Roscobie, 24 miles. New capital, 7,000/. in 107. shares; loans, 2,300l. By 23 and 24 Vic., cap. 145 (23rd July, 1860), the company was authorised to extend the Kingseat branch to Beath, where it unites with the Kinross-shire. Length, 34 miles. Additional capital, 12,0007. in 107. shares.

CHARLESTOWN.-Incorporated by 22 and 23 Vic., cap. 96 (8th August, 1859), to enable the company to purchase the coast line (constructed by private parties) and to improve the harbour of Charlestown. Capital, 72,000l. in 107. shares; loans, 24.000Z. Length of main line, 5 miles; it commences at the harbour of Charlestown and terminates by a junction with the West of Fife Mineral, near Dunfermline. This line transferred to the West of Fife Mineral, and various improvements effected in the gradients so as to make the railways more available for passengers as well as mineral traffic. By 24 and 25 Vic., cap. 226 (1st August, 1861), the Charlestown and the West of Fife were amalgamated. Total share capital, 136,000l., to which a preference dividend of 5 per cent. is now attached. Loans, 45,000.

By 26 and 27 Vic., cap. 213 (28th July, 1863), the company obtained power to construct a line from Queensferry to Dunfermline, and by several extensions and continuations to join the Edinburgh Perth and Dundee, so as to form a new and shorter route between Edinburgh and Perth. Also, to construct extensions and other improvements in regard to the Leith Branch. Length, 22 miles. Capital, 460,0007, in shares, and 153,300i, on loan.

By 26 and 27 Vic., cap. 194 (21st July, 1863), the company was authorised to raise new capital to the extent of 500,0007. in shares, and 166,6007, on loan.

By 26 and 27 Vic., cap. 226 (28th July, 1863), the North British was authorised to purchase and employ steam boats between Silloth and Belfast. New capital, 30,0007. in shares, and 10,0007. on loan.

By 27 and 28 Vic., cap. 100 (23rd June, 1864), an agreement is sanctioned with the Scottish Central, by which the North British, on payment of an annual sum of 5,000, may use the line of the Scottish Central into Perth. New capital for additional station accommodation at Perth, 21,0007. in shares, and 7,000. on loan.

IV. MONKLAND.-An amalgamation of the MONKLAND and KIRKINTILLOCH, the BALLOCHNEY and the SLAMANNAN, under Act 12 Vic., cap. 134 (14th August, 1848). These lines were constructed chiefly as mineral from Kirkintilloch, Coatbridge, Airdrie, Bathgate, and Bo'ness on the Forth.

In 1853, July 8th (17 Vic., cap. 90), the Monkland was empowered to form five connecting lines, &c., with the Edinburgh and Glasgow, Bathgate Mineral Fields, &c. Estimated cost, 73,0857. Subscription contract signed for 71,2507.; deposits, 7,1257. Power to raise 75,000l. additional capital. with preferences, maximum, 6 per cent. not to affect prior guarantees, and loans, 25,0007.

By 20 and 21 Vic., cap. 78 (27th July, 1857), the Monkland is authorised to construct certain extensions in the counties of Lanark and Linlithgow. From Cowdenhead to Boghead; from Clarkston to Cowdenhead; to near Planes: to Craig Mill; from Kipps to Brownside. New capital: shares, 137,000.; loans, 45,000.

By 23 and 24 Vic., cap. 178 (6th August, 1860), the Monkland obtained power to form a branch of about 5 miles in length, through the Mineral Fields extending from the new line in course of formation, towards the Shotts iron works. New capital, 30.0007. in shares, with or without preference, and 16,0007. on loan. Opened February, 1862.

V. EDINBURGH AND GLASGOW.-Incorporated, originally, by 1 and 2 Vic., cap. 58, for a railway from Edinburgh to Glasgow, with a branch to Falkirk. Capital, 900,0007. in shares and 300,0007. on loan. By Act 15 Vic., cap. 109 (17th June, 1852), this company was re-incorporated under the same title, and every Act previously obtained repealed, except special Acts as to other companies specified. The Union Canal became embodied in the company of 1848. The company was re-incorporated and consolidated by 15 Vic., 1852.

By 18 and 19 Vic., cap. 158 (July 23rd, 1855), the Edinburgh and Glasgow undertook to subscribe 50,000, to the Dumbartonshire and Helensburgh. Power was also taken to subscribe 150,007, by shares, to enlarge the Queen Street Station, and for other purposes, and also to raise a further sum of 30.0001. By Act 24 and 25 Vic., cap. 84 (28th June, 1861), the Edinburgh and Glasgow was authorised to raise additional capital to the extent of 160.0007. in shares, at 5 per cent. By 26 and 27 Vic., cap. 237 (28th July, 1863), the Edinburgh and Glasgow was authorised to construct a line from Ratho to South Queensferry, with subsidiary branches. Length. 6 miles. New capital, 270,0007. in shares and 90,0007. on loan. By 27 and 28 Vic., cap. 279 (25th July, 1854), the Edinburgh and Glasgow was authorised to construct railways at Cowlairs, and between Maryhill and the river Clyde, as also to construct a tramway at the harbour of Glasgow. Capital, 270.0007. in shares and 90,0007. on loan. Running powers and separate stations to Caledonian over harbour line, with a joint station in Glasgow.

STIRLING AND DUNFERMLINE-Incorporated by 9 and 10 Vic., cap. 202 (16th July, 1846), for a line from Stirling to Dunfermline, with branches to Tillicoultry and Alloa Harbour. In 1848 deviations and new works were authorised. In 1849 other deviations were authorised in the Alloa branch, private railways diverted, and an extension of time obtained for the construction of the line between Alloa and Stirling. Length authorised, 24 miles. The disputes with the Edinburgh and Glasgow were

finally arranged and settled by 21 and 22 Vic., cap. 64 (28th June, 1858), the Stirling and Dunfermline being vested in that company from that date. By this Act the Edinburgh and Glasgow is burdened with the whole debenture debt of this company, as well as to hand over 450,000l. of new guaranteed stock, entitled "Edinburgh and Glasgow (Stirling and Dunfermline) 4 per cent. guaranteed stock," to be distributed among the shareholders, or otherwise applied in lieu of original share capital of 390.0001. This new stock is in every respect most amply secured, having not only a preferable lien on the Stirling and Dunfermline, but also (as regards the Edinburgh and Glasgow) having precedence of the ordinary and preference stocks of that company

EDINBURGH And Bathgate.-This line was leased to the Edinburgh and Glasgow for 999 years. By 33 and 34 Vic., cap. 96, it is provided that in lieu of the rents formerly paid to the Bathgate, the North British shall, as from 31st January, 1869, and during the currency of the lease, pay the clear yearly rent of 12,5007., and such rent shall have the same security, lien, and priority as was provided for in regard to the former rents. The mortgages granted by the Bathgate to the extent of 3.2241. 28. 9d. are declared as between the two companies to be debts of the North British. The Bathgate to pay off the remainder, and the power of re-borrowing their mortgage debt, not exceeding 83,000, to be exclusively exercised by the North British.

CALEDONIAN AND DUMBARTONSHIRE JUNCTION.-Incorporated by 9 and 10 Vic., cap. 81 (June, 1846), for a line from Bowling to Loch Lomond, 84 miles. The agreement entered into between the directors and the Edinburgh and Glasgow for amalgamation was unanimously approved at a general meeting, and the fusion has since taken place, in accordance with the provisions of 25 and 26 Vic., cap. 135 (7th July, 1862).

GLASGOW, DUMBARTON, AND HELENSBURGH.-Incorporated by 18 and 19 Vic., cap 190 (15th August, 1855), to make a line from the Edinburgh and Glasgow, at Cowlairs to the Caledonian and Dumbartonshire, at Bowling, with a branch to Helensburgh. Capital 240,0007, in 107 shares. Power to borrow 60,000Z. The Edinburgh and Glasgow subscribed 80,000. Opened 31st May, 1858. It commences by a junction near Cowlairs, and proceeds westward to Maryhill, 4 miles; to Dalmuir, 94 miles; to Kilpatrick, 11 miles; to Bowling, 124 miles; it then runs for 34 miles along the Leven to Dumbarton, 15 miles; and to Dalreoch Junction, 16 miles. Up to this point the new line is double, but beyond it to Cardross and Helensburgh, 23 miles from Glasgow, the line is single.

construct a Length, 3 June, 1863. (23rd June,

ALVA.-Incorporated by 24 and 25 Vic., cap. 195 (22nd July, 1861), to line from the Cambus station of the Stirling and Dunfermline to Aiva. miles. Capital, 15,0007. in 10. shares; loans, 5,000. Opened 11th Amalgamated with Edinburgh and Glasgow by 27 and 28 Vic., cap. 81 1864), at a cost of 12,500, Edinburgh and Glasgow stock, and assuming a debenture debt of 5,0001.

LEADBURN, LINTON, AND DOLPHINTON.-Incorporated by 25 Vic., cap. 51 (3rd June, 1862), to construct a line from the Peebles, at its Leadburn Station, to Linton. Length, 10 miles. Capital, 40,000l. in 107. shares; loans, 13,3007. Opened 1st July, 1864. By 29 and 30 Vic., cap. 172 (16th July, 1866), the Leadburn Linton and Dolphinton was amalgamated with the North British, the dividend of the latter in one half-year becoming a preference charge for the next ensuing for the Leadburn.

NEW WORKS, &c.—The company have power to construct new lines and works as follows:

By 28 and 29 Vic., cap. 309 (5th July, 1865), the company was authorised to construct a Pier at Burntisland, enlarge the Bonnington and North Leith stations; and same Act confirmed the purchase of land for the enlargement of the company's station at Newcastle-on-Tyne. New capital, 49,5007. in shares and 16,500, on loan.

By 28 and 29 Vic., cap. 206 (5th July, 1865), the company was authorised to extend their railway at Carlisle to the goods line on the southern side of the Carlisle Citadel station, and to acquire land for additional station accommodation at Carlisle. New capital, 66,0007, in shares and 22,000%. on loan.

By 28 and 29 Vic., cap. 125 (19th June, 1865), the company was authorised to make railways to Liberton. Lasswade, and other places in the suburbs of Edinburgh, New capital, 195,0001. in shares and 65,0007. on loan.

By 28 and 29 Vic., cap. 328 (5th July, 1865), the company (as coming in place of the Edinburgh and Glasgow) was authorised to make a railway from Glasgow to Coatbridge, and a junction with the Glasgow City Union. New capital, 280,0001, in shares, and 93,000l. on loan.

By 28 and 29 Vic., cap. 200 (20th June, 1865), the company (as coming in place of the Edinburgh and Glasgow) was authorised to purchase land, and form a station at the College of Glasgow, and to subscribe 300,000l. towards the undertaking of the Glasgow City Union. New capital authorised, 350,000l. in shares.

By 28 and 29 Vic., cap. 356 (5th July, 1865), the company was authorised to subscribe, in addition to their former subscription of 17,000l., the further sum of 30,000l. towards an extension of the Blane Valley, and were empowered to raise the latter amount by

shares.

By 28 and 29 Vic., cap. 201 (29th June, 1865), the company (as coming in place of the Monkland) was authorised to construct railways in the county of Lanark, and to raise new capital to the amount of 30,000l. in shares, and 10,0001, on loan.

By 29 and 30 Vic.. cap. 219 (16th July, 1866), the company was authorised to construct certain lines, including the Coatbridge, in connection with its system in the counties of Lanark, Linlithgow, and Stirling, as well as a deviation on the Forth and Clyde Canal. Length, 7 miles. New Capital, 72,0001. in shares, and 24,000, on loan. Also to create and issue debenture stock.

By 29 and 30 Vic., cap. 173 (16th July, 1866), the company was authorised to construct new lines in the counties of Lanark, Dumbarton, and Stirling, in connection with the system of the Monkland. Length, 5 miles. New capital, 81,000l. in shares, and 27,0002. on loan.

By 29 and 30 Vic., cap. 266 (23rd July, 1866), the company obtained power to construct several small lines of about 1 mile, and also an extension of time for completion of various works, especially in regard to the system crossing the Firth of Forth. Also, to enter into arrangements with the corporation of Edinburgh in regard to the site of the fruit and vegetable markets, and with the Midland as to a goods station at Carlisle. Finally, by this Act the Fife and Kinross was vested in the North British. New capital, 181,3807. in shares, and 51,7007, on loan.

By 29 and 30 Vic., cap. 285 (30th July, 1866), the company was authorised to construct two small branches near Glasgow. Length, 34 miles. Capital, 60,0001. in shares, and 20,0001, on loan.

By 29 and 30 Vic., cap. 291 (30th July, 1866), the North British was authorised to construct three short branches in connection with its system in Linlithgow, Stirling, and Edinburgh. Length, 5 miles. Capital, 40,0001, in shares, and 13,000, on loan.

DEVON VALLEY.-By 29 and 30 Vic., cap. 326 (6th August, 1866), the North British was authorised to lease or amalgamate the Devon Valley, as well as to subscribe 60,0001. thereto. By 29 and 30 Vic., cap. 277, the N. B. was authorised to construct branches to connect their system with the Devon Valley, and with the mineral districts of Fife and Clackmannan." Length, 14 miles. New capital, 95,0001, in shares, and 31,6001, on loan. ESK VALLEY.-By 29 and 30 Vic., car. 200, the North British is authorised to lease the Esk Valley for 999 years.

GENERAL POWERS.-By 30 and 31 Vic., cap 145 (15th July, 1867), the North British was authorised to make certain deviations in the Glasgow Branches and on the Forth and Clyde Canal. Also, to deviate a portion of the railway authorised under the Edinburgh and Glasgow Extension Act of 1864, and to extend the time for the completion of the works. By 33 and 34 Vic., cap. 104 (1870), the company is authorised to make certain alterations on the Stobcross undertaking and other works, to extend the time for compulsory purchase of lands, and completion of various other railways, to convert Port Edgar near Queensferry into a harbour, and provision is also made for the conversion of the Leadburn preference stock into ordinary stock of the company, and for the consolidation of the lien stocks of the company. Power is also conferred on the Clyde Navigation trustees to contribute 150,000l. towards the Stobcross undertaking. FINANCE ACT, 1867.-The financial powers obtained by this Act (30 and 31 Vic., cap 198, 12th August, 1867), are given in extenso in the APPENDIX to the Volume for 1868. At a special meeting held on 20th September, 1867, it was resolved-"That the directors be, and they are hereby, empowered to borrow on mortgage to the extent of 843,850, under the provisions of sections 29 and 30 of 'The North British Financial Arrangements Act, 1867.'"

ABANDONMENTS.-By 31 and 32 Vic., cap. 63 (25th June, 1868), the company was authorised to abandon certain portions of the railways authorised by the Bridge of Forth Act, 1865, and obtained an extension of time for completion of the works on the remainder till 1872.

By 31 and 32 Vic., cap. 139 (13th July, 1868), the company was authorised to construct new works and railways, and to abandon others, including conveyance of Bairds' railway to the company and construction of a line (2 furlongs) in connection with the Monkland and Kirkintilloch; another (1 furlong) from that railway to the Langloan ironworks; several deviations and other alterations; and a railway (2 furlongs) from

Carlisle to a junction with the Port Carlisle branch of the Caledonian, the whole to be completed within five years. Also, to abandon Railway No. 1 of the Act of 1865; the railways and works authorised by the Dundee Branch Act of 1866; St. Margaret s diversion of 1866: the Camps branches of 1866; and Nos. 1 and 3 of the Devon Valley branches of 1866. Also, Railway No. 2 of the General Powers Act of 1867, and No. 2 of the Financial Arrangements Act of 1867. By the same Act the capital of the company was reduced by the several amounts of 125,000l. and 74,000l., or 199,000l. in all. Extensions of time for purchase of lands and completion of works were also obtained, the latter for three years. The North British, by the provisions of this Act, are to pay the Caledonian 6007. a-year for running over the Port Carlisle branch of the latter company, and also for running over the main line between Port Carlisle and the Citadel station, 1,2007. for the first year; 1,300 for the second: 1001. a-year extra for each year till the seventh, when the annual payment in perpetuity is to be 1,8001., the payments in respect to which are to be made monthly through the Clearing House. The same Act also prescribed that the railway from Inverkeithing to Dunfermline, and from Lasswade to Penicuick might be converted into separate undertakings, and also confirmed an agreement between the company and the subscribers to the Coatbridge.

By 32 and 33 Vic., cap. 119 (12th July, 1868), the company obtained power to convert the deferred dividends of the three years ending 31st January, 1869, amounting to 670,000 into 4 per cent. debenture stock, to be redeemed at par on or before 31st July, 1876. The Act also authorised the company to raise 700,0001. of debenture stock, to be applied in paying off the balance of outstanding debts, and in the purchase of additional plant, and for expenditure on stations, sidings, and other works. Of this latter stock, 400,0001. had been created and allotted to the holders of ordinary stocks, in terms of the resolution of the special meeting held on 5th August, 1869, and the residue of 300,000l. will be raised when necessary. The Act further authorised the abandonment of the following lines and works, estimated to cost 676,380., viz.:—

Devon Valley branches, so far as not previously abandoned

ditto

Coatbridge branches, 1866, so far as not executed

£21,000

Lasswade branches,

ditto

183,000

40,000

Edinburgh, Dunfermline, and Perth railway, so far as not constructed
Stirling branches

250,000

81,000

New works, 1866, to the extent of ...

71,380

Langdale branch, so far as not constructed

30,000

£676,380

As regards a section of the Lasswade branches, power was reserved to create it into a separate undertaking, contingently on the capital being found by parties locally interested in the line before 1st May, 1870. Provision is also made in the Act for constituting the Stobcross branch a separate undertaking.

COATBRIDGE.-At a special meeting held on 30th September, 1868, it was resolved:1. That the articles of arrangement adjusted between the North British, of the first part, and the committee referred to in the subscription lists of the subscribers to shares in the Coatbridge undertaking of the North British, of the second part, dated the 27th day of March and 20th and 21st days of April, 1863, having been submitted to the meeting, be, and the same are hereby approved, subject to the modifications thereon with respect to the restriction of the capital, and the extension of time for constructing the works, as explained in the directors' report, dated 6th August current; and to the end of carrying into effect such articles of arrangement, the meeting further resolve that, in pursuance of the North British (Financial Arrangements) Act, 1867, and the North British (General Powers) Act, 1868, the railways and works authorised by the Edinburgh and Glasgow (Coatbridge Branch) Act, 1865, subject to the variations authorised by the City of Glasgow Union Act, 1867, or agreed to with the City of Glasgow Union, and subject also to the abandonment, under the said Act second above recited, of a portion of the Railway, No. 1, in the said Act third above recited, shall, within the meaning, and for the purposes of the said Acts first and second above recited, be, and the same are hereby, constituted a separate undertaking, under the name of "The Coatbridge Undertaking." Opened 23rd November, 1870.

2. That, whereas the estimated amount of the capital required for the said undertaking is 200,000, this meeting, in further pursuance of the said articles of arrangement, and of the North British (Financial Arrangements) Act, 1867, and the North British (General Powers) Act, 1868, do hereby cancel 200,000, unissued, of the 1,614,810. of preference stock created by the company on 12th October, 1865, and authorise the directors to re-issue the same in shares of 101. each, as capital for the Coatbridge undertaking, in terms of the said Acts, or either of them.

3. That a proposed agreement between the subscribers to the Coatbridge undertaking, of the first part, and the North British, of the second part, following upon the said articles of arrangement, and providing for the subscription of the capital for the said undertaking, having been submitted to the meeting, the same be and is hereby approved, and that it be remitted to the directors to carry the same into effect, subject to such