NORWICH AND SPALDING-NOTTINGHAM AND GRANTHAM. 249 248.-NORWICH AND SPALDING. Incorporated by 17 Vic., cap. 124 (4th August, 1853), for a line from the Great Northern, at Spalding, to Holbeach. Length, 16 miles. By 22 and 23 Vic., cap. 118 (13th August, 1859), the company was authorised to extend the line from Holbeach to Sutton Bridge. Opened to Sutton Bridge, 3rd July, 1862. By an Act passed in 1865, this company, or any company working the line, has running powers over the Peterboro' Wisbeach and Sutton from Sutton Bridge to Wisbeach. Under an agreement by which the Great Northern and Midland work the line the company is secured a minimum net rent of 7,000l. a-year, with half surplus profits beyond this sum. No. of Directors.—Maximum, 10; minimum, 10; quorum, 3. Qualification, 25 shares. DIRECTORS: Chairman-WILLIAM ECKERSLEY, Esq., 7, Victoria Street, S.W. Thomas Edward Savage, Esq., Holbeach, | William Waring. Esq., 10 Victoria ChamLincolnshire. bers, Westminster, S.W. Charles Waring, Esq., 10, Victoria Cham- Henry Waring, Esq., 10, Victoria Chambers, Westminster, S. W. bers, S. W. Peter Sers, Esq., Acton, W. OFFICERS.-Sec., W. H. Dawson, 9, Victoria Chambers, Westminster, S.W.; Solicitor, James Wheeler, 4, Victoria Street, Westminster, S.W.; Auditor, A. G. Lovell, 20, Chalcot Terrace, Regent's Park, N.W.; Bankers, The Imperial Bank, Westminster, S. W. Offices-9, Victoria Chambers, Westminster, S.W. 249.-NOTTINGHAM AND GRANTHAM. Incorporated by 9 and 10 Vic., cap. 155, for construction of a line commencing, as projected, in conjunction with the Midland, and in continuation thence of the Manchester Baxton Matlock and Midlands Junction, at Ambergate, and terminating in conjunction with the Great Northern, at Spalding, with branches to Sleaford and Boston (90 miles); but, by resolution of general meetings it was determined to confine all operations to a line from Grantham (where a junction is formed with the Great Northern). The portion in operation is 23 miles, viz., from Grantham to Nottingham. Under Act of incorporation, this company had agreed to purchase the Nottingham Canal for 2257, in cash, or nine railway shares of 251, each, paid up; and the Grantham Canal for 100%. in cash, or five railway paid-up 251. shares for each canal share. By 23 Vic., cap. 36 (15th May, 1860, the name of the undertaking was changed to "Nottingham aud Grantham," the capital reduced to 1,014,000 in lieu of 1,056, 2501.. and of the borrowing powers from 358,3331. to 265,000!: various provisions for consolidation of shares into stock, and for regulating the transfer thereof, were also made. The line has since been leased to the Great Northern for 999 years, at a rental of 47. 28. 6d. on a capital of 1,014,000l. with a right to the Great Norrthern to purchase the undertaking at par. The rent is regularly paid, and the dividends declared half-yearly. The borrowing powers are exercised by the Great Northern. No. of Directors.-Maximum, 9; minimum, 5. Qualification, 1,0001. Present board, 6; receiving 300l. a year. DIRECTORS: Chairman-RICHARD SEPTIMUS WILKINSON, Esq., 3, St. Mildred's Court. Poultry, E.C. Deputy-Chairman-JOHN FOWLER BURBIDGE, Esq., St. Peter's Hill, Grantham. W. Durham, Esq., Wilton Lodge, Addison | Samuel Newham, Esq., The Park, NotRoad, Notting Hill, W. tingham. Col. George Hussey Packe, Caythorpe, John Alexander Thompson Smyth, Esq., OFFICERS.-Sec., Henry Lasalle, Nottingham; Auditors, Hugh Oxenham and Edwin Heory Lawrence; Solicitor, John Thompson Brewster, Nottingham; Bankers, Hardy, Johnstone, and Hardy, Grantham. Head Offices-London Road Station, Nottingham. 250 OLDHAM, ASHTON-UNDER-LYNE, AND GUide bridge JuNC., ETC. 250.-OLDHAM, ASHTON-UNDER-LYNE, AND GUIDE BRIDGE JUNCTION. Incorporated by 20 and 21 Vic.. cap. 137 (10th August, 1857), for the construction of railways to supply direct communication between these places. Capital, 140,C007. in 10. shares; loans, 46,600l. The length of first railway is 4 miles and 7 yards, commencing by a junction of the Oldham branch of the London and North Western, at or near the Oldham Station, and terminating by a junction with the Ashton and Stalybridge branch of Lancashire and Yorkshire; length of the second is 1 mile 3 furlongs and 17 yards, commencing by a junction with the Ashton and Stalybridge branch of Lancashire and Yorkshire, at Peccatties, and terminating by a junction with Manchester Sheffield and Lincolnshire, at Guide Bridge; the length of the third is 2 furlongs 6 chains and 17 yards, commencing by a junction with the first railway, in the parish of Ashton, and terminating near the service reservoir of the Ashton waterworks; the length of the fourth is 5 furlongs 8 chains and 11 yards, commencing by a junction with the first railway near Wood Lane, and terminating at or near Moss coalpit; and the length of the fifth is 2 furlongs 6 chains and 8 yards, commencing by a junction with the first railway near Lower Allhil, terminating in Rochervale. The Manchester Sheffield and Lincolnshire and London and North Western subscribe 50,0001. each, and each appoint one-third of the directors. Opened 26th August, 1861. By 25 and 26 Vic., cap. 98 (30th June, 1862), the line is vested mutually in the London and North Western and Manchester and Sheffield at 4 per cent. REVENUE.-The balance, being profit on the working for the half-year ending 30th June, 1870, amounted to 313,, which required payment from the two leasing companies of 1,6151. each. CAPITAL.-The expenditure to 30th June, 1870, amounted to 220,6091., the receipts having been as under:- No. of Directors-9; minimum, 6; quorum, 3. Qualification, 100 shares. DIRECTORS: Thomas Rawson Barker, Esq., The Edge, James Bancroft, Esq., Broughton Hall, John Chapman, Esq., Hill End, Mottram, William Fenton, Esq., Beaumonds, near W. E. Hirst, Lascelles Hall, Huddersfield. OFFICERS.Man., Henry Morgan; Sec., Edward Ross, Manchester: Eng., Charles Sacré, Manchester; Auditors. Sir Edward Wm. Watkin, Manchester, and Frederick Hughes, Oldham; Solicitor, John Stevenson, Manchester; Bankers, Fenton and Sons, Rochdale. Offices-London Road Station, Manchester. 251.-PARSONSTOWN AND PORTUMNA BRIDGE, Incorporated by 24 and 25 Vic., cap. 142 (11th July, 1861), to construct a line from the Great Southern and Western, at Parsonstown, to Portumna Bridge, on the Shannon. Length, 12 miles. Capital, 65,0001. in 107 shares; loans. 21,6007. The company may provide and use steam vessels. Opened November 5th, 1868. By 29 Vic., cap. 57 (11th June, 1866), the company obtained an extension of time till 11th June, 1868, for completion of the works; also to issue preference shares, and to sell or lease the undertaking to the Great Southern and Western. The Great Southern and Western work and maintain the line for 10 years for 40 per cent. of the gross receipts. No. of Directors-8; minimum, 6; quorum, 3. Qualification, 30% PEEBLES-PEMBROKE AND TENBY. DIRECTORS: 251 Chairman-The MARQUIS OF CLANRICARDE, K.P., P.C., Portumna Castle, and 17, Stratton Street, W. Sir Thomas John Burke, Bart., Marble Thomas Butler Stoney, Esq., J.P., Port- *Edward Cane, Esq., 60, Dawson Street, Dublin. *Michael Bernard Mullins, Esq., 18, Fitzwilliam Square, Dublin. *Valentine O'Brien O'Connor, Esq., Merchant, 3, Beresford Place, Dublin *Directors of Great Southern and Western. OFFICERS.-Sec., Daniel Molloy; Engs., Nixon and Denis, 3, Victoria Street, Westminster, S. W.; Solicitors, Barrington and Jeffers, 10, Ely Place, Dublin. Offices-Kingsbridge, Dublin. 252.-PEEBLES. Incorporated by 17 Vic., cap. 78 (8th July, 1853), for a line from the Hawick brauch of the North British (Eskbank station) to Peebles (single line). Length, 18 miles. Sidings, &c., 2 miles. Total, 21 miles. Opened 4th July, 1855. By 20 and 21 Vic., cap. 14 (26th June, 1857), the company was authorised to create additional capital to the extent of 27,000l. in shares, at 5 per cent. preference, and 9,0001, on loan. Power also given to convert mortgage debts into debenture stock notexceeding 4 per cent. Leased to North British by 24 and 25 Vic., cap. 102 (11th July, 1861). Under the provisions of the Act, this undertaking is leased in perpetuity to the North British at 50 per cent. on the gross receipts. Should the Peebles share be insufficient to meet the mortgage interest, preference dividends, rates, and taxes, &c., and 5 per cent. on the ordinary stock, the North British to make good such deficiency. All excess of income up to 6 per cent, on the ordinary capital to belong to the Peebles, and all in excess of 6 per cent, to be equally divided. It was reported in March that the traffic had been well maintained during the halfyear, there being an increase on the whole of 741., as compared with the corresponding half-year ending 31st January, 1869. The free balance permitted payment of the usual dividend of 5 per cent. per annum on the preference shares, and a dividend at the rate of 63 per cent. per annum on the ordinary shares. After setting aside sufficient to meet the dividends and all charges for the half-year, there remained to be paid 2677. to the North British in terms of the lease, leaving a balance of 70l. It was further reported in September that the free balance amounted to 3,4967., which, after payment of 5 per cent. to the preference shares, left a dividend at the rate of 7 per cent. to the ordinary stock, with 3561. (being half surplus profits) to the North British. CAPITAL. This account is closed. It includes 27,000l. in 5 per cent. preference, 70,000%, of ordinary stock, and 32,000l. on loan. Scale of Voting-2 shares to 10, one vote; every 10 to 100, one vote; afterwards one for every 20. No. of Directors.-Maximum, 9; minimum, 5; quorum, 3. Qualification, 30 shares. DIRECTORS: 3 Chairman-WILLIAM CHAMBERS, Esq., of Glenormiston. 1 The Right Hon. Lord Elibank. 2 Robert Balfour Wardlaw Ramsay, Esq., of Whitehill. 2 William Duncan, Esq., S.S.C., Edinburgh. 2 Andrew Buchan, Esq., Peebles. 1, retire in 1871; 2, in 1872; 3, in 1873. OFFICERS.-Sec., J. D. Bathgate, Peebles; Eng., Thomas Bouch, A.I.C.E., Edinburgh; Auditors, William Stuart, Writer to the Signet, and Robert Thorburn, Bank Agent, Peebles; Bankers, the Union Bank of Scotland. Offices-Peebles. 253. PEMBROKE AND TENBY. Incorporated by 22 and 23 Vic., cap. 6 (21st July, 1859), to make railways from Pembroke Dock to Tenby, and from the former place to Hobb's Point. Capital, 80,000%. in 10%. shares; loans, 26,6001. Length of first line, to commence at or near Pembroke: Docks and to terminate at Tenby, 11 miles; and length of second, to commence at or near Pembroke Docks and to terminate at Hobb's Point, 2 furlongs and 7 chains. Estimate, 80,000l. Opened, 27 miles. By 27 and 28 Vic., cap. 183 (14th July, 1864), the company was authorised to construct several short lines, including an extension to Whitland. Length, 18 miles. Capital, 200,000, in shares and 66,000l. on loan. By 29 and 30 Vic., cap. 330 (6th August, 1866), the company was authorised to extend Capital. 200.0007. the line to Carmarthen and to Milford Haven. Length, 15 miles. in shares, and 65,6001, on loan. Arrangements with Great Western, Cambrian, Central Wales, Llanelly, and Manchester and Milford. By arrangements with the lessees, the dividends are at the rate of 5 per cent. per annum. By 33 and 34 Vic., cap. 127 (14th July, 1870), the company was authorised to extend the line to Pembroke Dock, and to make arrangements with the Admiralty. Length, half a mile. New capital, 21,000l. in dockyard guaranteed stock. Also, to use part of the Cardigan and Carmarthen. REVENUE-This account for the half-year ending 31st December, 1869, showed that 12,5911. had been received, and 4,3461 expended. For the half-year ending 30th June, 1870, 11,1217. had been received and 4,619. expended, leaving a balance of 6,5021. NEW CAPITAL.-At a special meeting held on 13th October, 1870, it was resolved to create and issue new 4 per cent. stock, guaranteed by the Admiralty, for the extension into the dockyard. CAPITAL.-The receipts and expenditure on this account to 30th June, 1870, were detailed as under : Expended. £252,066, On lines open for traffic, including Balance.... £365,379 Meetings in February and August. £338,489 26,829 £365,318 60 £365,379 No. of Directors-7; minimum, 5; quorum, 3. Qualification, 3001. DIRECTORS: Chairman-WILLIAM OWEN, Esq., Withy Bush, Haverfordwest. Deputy-Chairman-JOHN JAMES BARROW, Esq., Normanton Hall, Southwell, Notts. John Barrow, Esq., Ringwood Hall, Ches- | Stephen Robinson, Esq., The Moor, Kingterfield. ton, Herefordshire. G. E. Forster, Esq., Uppingham, Rutland. F. L. Clark, Esq., Pembroke. Offices-Pembroke Dock. 254.-PENARTH. (LEASED TO TAFF VALE) Incorporated as the ELY TIDAL, by 19 and 20 Vic., cap. 122 (21st July, 1856), to construct a line from the Taff Vale, 5 miles from Cardiff, to river Ely, county of Glamor gan, and for converting part of that river into a tidal harbour. Capital, 130,0001. in 100!. shares; loans, 43,000l. Length, 6 miles; narrow gauge. Board of Trade may appoint auditor to examine accounts. By 20 and 21 Vic., cap 69 (27th July, 1857), the name of the company was changed to the "PENARTH HARBOUR DOCK AND RAILWAY." Various deviations and improvements were sanctioned and the period of completion extended to five years from date of Act, and of others to ten years. New capital authorised to the extent of 192,0001, in 100 shares, 101. calls. with intervals of two months. Power to borrow extended to sum of 107,000l. Opened July, 1859. By 24 and 25 Vic.. cap. 124 (11th July, 1851), the company was authorised to raise further capital to the extent of 300,000l. in shares, and 100,000, on loan, for the purpose of completing the works, the purchase of steamers, &c. PENICUIK-PETERBOROUGH, WISBEACH, AND SUTTON. 253 At a special meeting of the Taff Vale, and of the Penarth, on 12th August, 1862, a lease of the Penarth for 10 years was agreed to, in the following terms:-At a rent, till the dock works are open for traffic, that will pay the Penarth interest upon 73,000l. of existing debentures, and 4 per cent. upon 137,000l. share capital, with one-half divisible profits. After the dock is open for traffic, the rent will be the interest upon all the debentures, and 4 per cent. upon all the share capital expended, with one-half divisible profits. Parliament, by 26 and 27 Vic., cap. 75 (22nd June, 1863), sanctioned a lease for 999 years upon the above terms. The report for the half-year ending 31st December, 1869, recommended a dividend at the rate of 4 per cent. per annum. The traffic was progressing steadily. Several meetings had been held before the arbitrator in the matter pending between the company and Smith, Knight, and Co., and every effort would be made to expedite a settlement. Very little progress, however, had been made when the August report was issued. The dividends continued at the rate of 4 per cent. CAPITAL.The expenditure on this account to 30th June amounted to 753,5067., the receipts (which left a balance of 75.5891.) having been as under : No. of Directors-9; minimum, 7; quorum, 5. Qualification, 2,5001. DIRECTORS: £329,095 Chairman-CRAWSHAY BAILEY, Esq., Llanfoist, Abergavenny. William S. Cartwright, Esq., Newport, | Walter Powell, Esq., M.P., Dauntsey Monmouthshire. Lieut.-Colonel E. Darcy Hunt, 41, Wilton House Chippenham, Wilts, and 63, St. George Samuel Worthington, Esq., Cardiff. John Nixon, Esq., Cardiff. Lieut.-Col. The Hon. G. H. W. Windsor Clive, M.P., 53, Grosvenor Street, W. OFFICERS.-Sec., Booth Bacon; Auditors, James S. Batchelor and William P. Stephenson; Eng., John Hawkshaw, London; Solicitor, B. Matthews, Cardiff; Bankers, Wilkins and Co., Cardiff. Offices-Cardiff. 255.-PENICUIK. Incorporated by 33 and 34 Vic., cap. 41 (20th June, 1870), to construct a lire from the Hawthornden station of the Peebles to Penicuik Length, 4 miles. Capital, 54,000, in 10. shares, and 18,000l. on loan. Arrangements with North British, to whom the line is leased in perpetuity, under a working agreement. It was reported in August that an offer by Mr. John Waddell, contractor, for constructing the line had been remitted to the engineer. Mr. Thomas Bouch, C.E., for approval. It has since been agreed that the line should at once be commenced, and opened for public traffic at as early a date as possible. The line was commenced in October last. The line is expected to be finished by the 7th October next, at least the contractor is bound to finish it then, under penalties. DIRECTORS: Chairman-R. B. WARDLAW RAMSAY, Esq., of White Hill. Thomas M'Dougal, Junr. Esq. Hugh Sommerville, Esq. OFFICERS.-Sec., T. F. Weir, S.S.C., Edinburgh; Eng., Thomas Bouch, C.E Edinburgh. 256.-PETERBOROUGH, WISBEACH, AND SUTTON. Incorporated by 26 and 27 Vic., cap. 222 (28th July, 1863), to construct a line fro Peterborough to Thorney, Wisbeach, and Sutton, on the Norwich and Spalding Length, 262 miles. Capital, 180,000l. in 201. shares and 60,000. on loan. Arrangements with Great Northern and Midland. By 27 and 28 Vic., cap. 240 (25th July, 1864), the company was authorised to extend the line to the Great Eastern. Length, 2 miles. Capital, 105,000l. in shares and $5,000l. on loan. |