DEVON VALLEY-DINGWALL AND SKYE. DIRECTORS: Chairman-The Right Hon. LORD POLTIMORE, Poltimore Park, near Exeter; Vice-Chairman-JOHN ARTHUR LOCKE, Esq., North Moor House, 69 Sir William G. Throckmorton, Bart., J. F. Clements, Esq., 3, Porchester Thomas Collett Sandars, Esq., Minchen- John Thomas Nash, Esq., Elm Cottage Henry Gorges Moysey, Esq., Bathealton OFFICERS.-Sec., R. M. Muggeridge; Eng., Richard Hassard, M.I.C.E, 1, West minster Chambers, Victoria Street, S. W.; Solicitors, Combe and Wainwright, 9, Staple Inn, London, and Riccard and Son, South Molton, Devon; Bankers, The National Provincial Bank of England, 112, Bishopsgate Street Within, E.C., and its Branches Offices-13, Little Queen Street, Westminster, S.W, and Taunton, Somersetshire 92.-DEVON VALLEY. Incorporated by 21 and 22 Vic., cap. 122 (23rd July, 1858), to construct a line from Tillicoultry station of Stirling and Dunfermline to the Fife and Kinross, at Hopefield. Capital, 90,000. in 107. shares, and 30,000!. by loan. Length, 134 miles. Opened from Kinross to Rumbling Bridge, 7 miles, on 1st May, 1863, and on 1st October, 1870, to Crook of Devon. By 24 and 25 Vic., cap. 200 (1st August, 1861), certain deviations and alterations of levels were allowed. By 26 and 27 Vic., cap. 124 (13th July, 1863), the company was authorised to create preference shares in lieu of certain shares cancelled, and to reduce the capital from 90,000l. to 80,0007. By 29 and 30 Vic., cap. 277 (30th July, 1866), the company was authorised to construct branches into the mineral districts of Fife and Clackmannan. Length, 16 miles. Capital, 95,000. in shares, and 31,6007. on loan. By 29 and 30 Vic., cap. 326 (6th August, 1866), the Devon Valley was authorised to raise additional capital to the extent of 20,0001. in shares, when agreement in relation to future amalgamation with, or lease to, the North British was comprised by the same Act, the latter company obtaining power to subscribe 60,000%. in B shares. Meetings in March and September. Accounts made up to 31st January and 31st July. No. of Directors-6; quorum, 3. Qualification, 2001; certificates to accompany deed of transfer. DIRECTORS: Chairman-W. P. ADAM, Esq., M.P., of Blairadam, 2, Eaton Place South, S.W. Deputy-Chairman-HARRY YOUNG, Esq., of Cleish. James Paton, Esq., of Lethangie. *John Stirling, Esq., of Kippendavie. *George Robertson, Esq., W.S., Edin- *George Harrison, Esq., Merchant, Edinburgh. burgh. * Represent the North British. OFFICERS.-Sec., Alexander Patrick Lorimer; Eng., Charles Jopp, C.E., Edinburgh; Solicitor, A. J. Dickson, Edinburgh; Auditors, George Bogie, Banker, Kinross, and Henry West Walker, Banker, Auchtermuchty; Bankers, Royal Bank of Scotland. Offices-Tillicoultry. 93.-DINGWALL AND SKYE. Incorporated by 28 and 29 Vic., cap. 223 (5th July, 1865), to construct a line from Dingwall to Kyle of Lochalsh, with a pier thereat. Length, 63 miles. Capital, 450,0001. in shares, and 150,000% on loan. Arrangements with Highland, which has power to contribute 50,000l., and with Caledonian, which has power to subscribe 100,000Z. Opened from Dingwall to Strome Ferry (53 miles), 19th August, 1870. By 31 Vic., cap. 19 (29th May, 1868), the company was authorised to make several deviations, and also to reduce the capital to 400,0001. in shares, and 133,8007. on mortgage. CAPITAL-The receipts and expenditure on this account, to 31st August, 1870, were No. of Directors-8; minimum, 5; quorum, 3. Qualification, 1,000Z. DIRECTORS: 2 Chairman-ALEX. MATHESON, Esq., M.P., of Ardross and Lochalsh, Ardross Castle, Ross-shire, and 38, South Street, W. 1 Deputy Chairman-Sir JOHN STUART, of Lochcarron, Ross-shire, and 5, Queen's Gate, Kensington, W. 2 The Right Hon. Lord Middleton, Apple- | 1 Alex. G. Dallas, Esq., of Dunain, Incross, Ross-shire, and 32, Albemarle Street, W. 3 The Hon. the Master of Lovat, Beau- 3 MacLeod of MacLeod, Dunvegan Castle, 2 verness. 3 Eneas W. Mackintosh, Esq., M.P., of Raigmore, Inverness, 38, Upper Brook Street, W. John Fowler, Esq., of Braemore, Rossshire, 2, Queen's Square Place, Westminster, S.W. The figures show the order of retirement. OFFICERS.-Sec., Andrew Dougall; Eng., Murdoch Paterson; Accountant, WmGowenlock; Auditors, A. Penrose Hay and Robert Davidson, Inverness; Solicitors, Stewart, Rule, and Burns, Inverness, H. and A. Inglis, W.S., Edinburgh, and Martin and Leslie, London. Head Offices-Inverness. 94.-DOWNPATRICK, DUNDRUM, AND NEWCASTLE. Incorporated by 29 and 30 Vic., cap. 362 (10th August, 1866), to construct a railway from Downpatrick, through Dundrum, to Newcastle, County Down. Length, 11 miles. Capital, 75,000/. in 107. shares, and 25,000l. on loan. Opened 25th March, 1869 By 31 and 32 Vic., cap. 68 (25th June, 1868), the company was authorised to reduce its capital to 60,0007. in shares, and 20,0001. on mortgage. The Belfast and County Down was authorised to subscribe 10,000l. to the undertaking, and to enter into traffic arrangements. By 33 and 34 Vic., cap. 111 (4th July, 1870), the company was authorised to lease the undertaking to the Belfast and County Down or to any others, upon such terms as the parties thereto might agree to and accept. It was reported in August that negotiations had been in progress with the directors of the Belfast and County Down respecting the terms of a lease. Nothing definite had been finally agreed on, and no binding agreement could be entered into for the leasing of the line without the sanction of the shareholders obtained at meetings of both companies specially convened for the purpose. CAPITAL-The receipts have been 33,910, and the expenditure 72,1134, leaving a balance against the company of 38,2031. No. of Directors-5; quorum, 3. Qualification, 1,000l. Belfast. DIRECTORS: William R. Anketell, Esq., J.P., Ardtulla, | James T. Bristow, Esq., Wilmont, Belfast. OFFICERS.-Sec., Silas Evans; Engs., Sir John MacNeill and William Lewis; Solicitors, Hugh Wallace and Co., Belfast and Downpatrick; Auditors, John Lytle and James Hind; Bankers, Northern Banking Company, Belfast, Offices-9, Victoria Chambers, Belfast. DUBLIN AND ANTRIM JUNCTION-DUBLIN AND BELFAST JUNC. 71 95.-DUBLIN AND ANTRIM JUNCTION. Incorporated by 24 and 25 Vic., cap. 122 (11th July, 1861), to construct a line from the Ulster, at Lisburn, to the Belfast and Northern Counties, at Antrim. Length, 18 miles. Capital, 120,0007. in 10. shares; loans, 40,000l. Expected to be opened by 1st July, 1871. By 28 Vic., cap. 114 (19th June, 1865), the company was authorised to create preference shares in lieu of those unissued, surrendered, or forfeited, at a rate not exceeding 6 per cent. By 29 and 30th Vic., cap. 179 (16th July, 1866), an extension of time for three years was obtained for completion of works: certain shares were authorised to be issued at a preference; and the Belfast and Northern Counties, or the Ulster, were permitted to lease the undertaking. By 33 and 34 Vic., cap. 86 (4th July, 1870), the company was authorised to raise additional capital to the extent of 40,0002. by loan. No. of Directors-6; minimum, 3; quorum, 3. Qualification, 4007. DIRECTORS: Chairman-THOMAS DOWLING, Esq., Southsea House, Threadneedle Street, E.C. OFFICERS.-Sec., William Mackay, Belfast; Eng., John Bower, 60, Upper 96.-DUBLIN AND BELFAST JUNCTION. Incorporated by 8 and 9 Vic., cap. 130 (21st July, 1845), for a line from Drogheda to Newry, and thence to a junction with the Ulster, at Portadown, and to Navan. Productive mileage, including Banbridge Junction, 63 miles. On 11th July, 1853, a special meeting authorised the directors to subscribe 4,0007. for shares in the Banbridge Junction. By 11 Vic., cap. 100 (1847), amalgamation with the Drogheda, the Enniskillen, or the Ulster, is authorised. By 27 Vic., cap. 12 (28th April, 1864), the capital and borrowing powers of the company was regulated, forfeited shares were cancelled, and the share capital reduced from 950,000l. to 873,500., and the borrowing powers enlarged from 135,000l. to 291,150/. BANBRIDGE. This line (7 miles) was opened on the 23rd of March, 1859, and has since been worked by the Dublin and Belfast, to which it is leased, the traffic being returned on the united mileage-namely, 63 miles. IRISH NORTH WESTERN.-By 22 and 23 Vic., cap. 41 (1st August, 1859), the Dublin and Belfast, as well as the Drogheda and Ulster, contributed 20,0007, to the line from Clones to Cavan. In return for its contribution this company receives preference shares of the Irish North Western, bearing interest at 4 per cent. per annum or such higher rate as may at any time be divided on the shares of that company. REVENUE. The receipts for the half-year ending 31st December, 1869, amounted to 44,2877, and for the corresponding period of 1868 to 42,974, showing an increase of 1,318. The total income amounted to 45,1014, and the working expenses to 18,242, leaving a balance of 26,8597. From this was deducted 5,508/. for interest on loans, and 1,000l. for rent of Banbridge Junction, leaving 20,351, which, with 7867., surplus from preceding half-year, made a disposable sum of 21,1377., from which a dividend at the rate of 4 per cent. per annum left 4,0317. The receipts for the half-year ending 30th June, 1870, amounted to 39,4817., against 38,2557. in 1869, showing an increase of 1,2261. The principal increase had been derived from merchandise, including an improvement in the trade of the district. The total income from all sources produced 40,453., from which was deducted 15,9221. for working expenses, 1,4937. rates and taxes, 5,3521. for interest on loans, and 1,000 for rent of Banbridge Junction, leaving a balance of 16,6857. To this was added 4,0317., surplus from preceding half-year, making a disposable sum of 20,7167., out of which a dividend at the rate of 4 per cent. per annum, amounting to 17,1791, left a balance of 3,5381. CAPITAL. This account to 30th June, showed that 1,131,6027. had been expended, leaving a balance of 3,8547. against the account. The particulars of income and expenditure are as follow: Received. Consolidated stock Expended. £873,500 On lines open for traffic......... £988,104 216,150 Working stock Loans Debenture stock Balance 101,686 38,098 Subscriptions- 22,836 £1,127,748 Irish North Western- Cavan 3,853 18,974 £1,131,601 £1,131,601 No outlay on capital was anticipated during the December half-year. The assets available for future expenditure was given as under: Total capital authorised Stock received Loans and debenture stock received Less-Debit balance on capital account 3,853 £33,048 DIRECTORS: Chairman-JOHN BARLOW, Esq., Sibyl Hill, Raheny, County Dublin. Deputy-Chairman-WILLIAM DIGGES LA TOUCHE, Esq., 34, St. Stephen's Green, Dublin. Samuel Law, Esq., Kilbarrack House, Henry Hutton, Esq., Edenfield, Dundrum, Thomas Hone, Esq., Yapton, Monkstown, Robert Culley, Esq., Tudor Hall, Monkstown, County Dublin. Francis Donagh, Esq., Newtown, Drog heda. John T. Reilly, Esq., Scarvagh House, James C. Colvill, Esq., Coolock House, OFFICERS.-Sec., Geo. Wm. Greene; Eng., Wm. Mc. Cartan; Solicitor, Sydenham Davis; Traffic Supt., Thomas Cowan; Loco. Supt., Henry Harden; Accountant, James Carmichael; Auditors, Robert Warren, 40, Rutland Square, Dublin, and Samuel Bewley, Dame Street, Dublin. Head Offices-24, Upper Gloucester Street, Dublin; Engineer's and Traffic and 97.-DUBLIN AND DROGHEDA. Incorporated by 7 Wm. IV., cap. 132 (August, 1836), for a line connecting those towns (31 miles), opened 26th May, 1844, with a branch to Howth (3), opened 30th July, 1846. The company also obtained (by 2nd Vic., cap. 186) a transfer of the Navan branch, constructed by the Dublin and Belfast Junction, at a cost of 183,433, with power to extend the same to Kells. By 22 and 23 Vic., cap. 37 (1st August, 1859), the company was authorised to create debenture stock, at 5 per cent., to pay off existing mortgages, and to create new shares for the purpose of redeeming existing preference stock. The station at Dublin was also allowed to be enlarged, and certain streets stopped up. By 23 and 24 Vic., cap. 114 (3rd July, 1860), an extension from Kells to Oldcastle (124 miles) was authorised. Opened 17th March, 1863. Miles in operation, 75. IRISH NORTH WESTERN.-Under this company's Act of 1859 the Dublin and Drogheda subscribes 20,000l. to that undertaking. By 32 and 33 Vic., cap. 108 (12th July, 1869), the company was authorised to effect a communication with the works of the London and North Western at the North Wall, Dublin, with power to the latter to subscribe two-thirds of the cost. Length, 60 chains. REVENUE. The gross receipts for the six months ending 31st December, 1869, amounted to 56,450. The net profit, after providing for current expenses, interest on loans, and dividends on preference shares and stocks was 21,791, out of which a dividend on the ordinary stock at the rate of 5 per cent., left 5,2961. The gross DUBLIN AND DROGHEDA-DUBLIN AND KINGSTOWN. 73 receipts for the June half-year were 50,0387. The net surplus, after providing for current expenses, interest on loans, and dividends on preference shares and stocks, was 20,1964, out of which a dividend on the ordinary stock at the rate of 54 per cent., left 1,6817. It was reported in August that an agreement had been concluded with the Midland Great Western and the Dublin and Meath as to the traffic between Dublin, and Navan and Kells, which it is expected will be mutually advantageous by saving unnecessary expenditure. In pursuance of this agreement the Dublin and Meath suspended the exercise of running powers over the company's lines between Navan and Kells. NEW CAPITAL-At a special meeting held on 18th August, 1870, it was resolved:That for the purpose of redeeming the 5 per cent. preference shares created on the 2nd October, 1857, there be now raised, pursuant to the provisions of the Dublin and Drogheda Act, 1859, and the several other Acts of the company, the sum of 30,000l. by the creation of stock to be called guaranteed 4 per cent. stock, which shall bear a fixed dividend of 43 per cent. per annum, in perpetuity, and that such dividend of 44 per cent, per annum shall become due in half-yearly portions on the 1st April and 1st October in every year to the then registered proprietors of said stock, and to be payable in ten days after the same shall have become due as aforesaid, and said 44 per cent, stock shall have attached thereto such privileges by way of preference or priority, in payment of dividends over other shares or stock of the company as the said preference 5 per cent. shares now have over such other shares or stock, and that no person shall hold less of the said 4 per cent. stock than 257. at any one time, and that no transfer thereof shall convey any fractional part of 17. sterling; and that the directors be and they are hereby authorised to allot and dispose of the said 44 per cent. stock in such manner and subject to such terms and conditions as the directors shall, from time to time, fix and determine. And it is further resolved-That in case the directors should so think fit, that they shall be at liberty, and they are hereby authorised for the purpose of redeeming the before-mentioned 5 per cent. shares, to raise by the creation of ordinary stock of the company the said sum of 30,000, in lieu of the issue of 44 per cent. stock aforesaid, and they are hereby authorised to allot and dispose of said stock in such manner and subject to such terms and conditions as the directors shall, from time to time, fix and determine. CAPITAL-The receipts and expenditure on this account to 30th June, 1870, were detailed as under:→→ No. of Directors.-Maximum, 12; minimum, 3. Qualification, 7501. DIRECTORS: Chairman-JAMES WILLIAM MURLAND, Esq., 25, Fitzwilliam Square, Dublin. T. M. Gresham, Esq., Raheny Park, near | Peter Eckersley, Esq., Manchester. J. F. Meade, Esq., 37, Eccles Street, Dublin. Nich. Jas. Lalor, Esq., Dublin. OFFICERS.-Sec. and Gen. Man., Joseph Pope Culverwell; Res. Eng., Marcus Harty; Auditors, Robert Warren and Samuel H. Close; Solicitor, Richard D. Kane, 89, Talbot Street, Dublin; Accountant, William Thompson. Head Offices-Amiens Street, Dublin. 98.-DUBLIN AND KINGSTOWN. Incorporated by 1 and 2 William IV., cap. 69, for a line from Dublin to Kingstown, open since 17th December, 1834 (6 miles); subsequently an extension of 14 mile was made, on the atmospheric system, to Dalkey, altered in 1856 to a locomotive branch, in connection with the Dublin and Wicklow. |