MORAYSHIRE-MORETONHAMPSTEAD AND SOUTH DEVON. 219 By 24 Vic., cap. 30 (17th May, 1861), the company was authorised to extend its line over the river Spey, forming a junction with the Strathspey at Craigellachie. Length, 51 chains. New capital, 20,0007. in 107. shares, and 6,6007. on loan. Opened 1st July, 1863. Arrangements with Great North of Scotland, Keith and Dufftown, and Strathspey. Productive, 21 miles 53 chains. By 26 and 27 Vic.. cap. 210 (28th July, 1863), the company was authorised to create new capital to the extent of 25,0007, in 107 shares, at 5 per cent., and 8,3001. on loan. Also to contribute to communication by sea from Lossiemouth (otherwise than by steam vessels) to Caithness, to the extent of 6001. per annum. By 29 Vic., cap. 30 (18th May, 1866), the company was anthorised to create and issue new shares (in lieu of others cancelled) at a preference of 5 per cent. Also to create debenture stock at the same rate of interest. By 29 and 30 Vic., cap. 288 (30th July, 1866), the Morayshire obtained power to amalgamate with the Great North of Scotland on terms to be agreed upon. REVENUE.-The following is an abstract of receipts and expenditure for the year ending 30th September, 1870:-Passenger traffic, including composition tickets, 3,6887.; parcels, horses, carriages, &c., 1321.; mails, 1607.; merchandise (less cartages), 2,4351.; live stock, 1154; minerals, 1,4791.; special and miscellaneous receipts, 3167.; total, 8,3271. Working expenses, 3,611.; land payments, feu-duties, &c., 3031.; public burdens, 3281.; general expenses, 398.; total, 4,641. Net revenue, 3,686.; from which had to be deducted interest for the year on mortgage and debenture loan, on temporary loans, and on capital floating debt account, leaving a surplus (including last year's balance of 137.) of 931. The revenue is sufficient to meet all expenses, including interest on debentures, with balance of 1,8187., and also the interest on the temporary loans and floating debt accounts, with a surplus of 937. The gross revenue exceeded that of 1869 by 3651. CAPITAL-There has been no expenditure on this account during the year, and the directors do not anticipate any further expenditure on capital account in the meantime beyond the adjustment of some outstanding parliamentary, law, and other accounts, a proportion of which may be chargeable to capital. The expenditure amounts to 174,060, while the receipts have been as follow:5 per cent. preference shares, Act 1856 £13,640 5 per cent. 5 per cent. 31,360 10,000 340 57,887 £113,227 38,120 22,712 £174,060 The accounts are closed on 30th September, and meetings held in Elgin annually. Scale of Voting.-C.C.C. Act (Scotland). No. of Directors.-Maximum, 12; minimum, 5. Qualification, 20 shares. DIRECTORS: Chairman-JAMES GRANT, Esq., Writer, Elgin. George Smith, Esq., Minmore, Glenlivat. Alex. Russell, Esq., of Main, by Elgin. W. J. Wainwright, Esq., Glasgow. The Right Hon. The Earl of Caithness, 34, Hill Street, Berkeley Square, W. OFFICERS.-Sec., Alexander Watt; Consulting Engineers, James Samuel, F.R.A.S., and W. H. Mills, C.E., London; Auditors, John Milne, Accountant, Elgin, and Alexander Morrison, Writer, Elgin Solicitors, Grant and Jameson, Elgin; Parliamentary Agent, R. M. Muggeridge, 26, Duke Street, Westminster, S.W. Head Office-Elgin. 222.-MORETONHAMPSTEAD AND SOUTH DEVON. Incorporated by 25 and 26 Vic., cap. 128 (7th July, 1862), to construct a line from the South Devon, at Wolborough, to Moretonhampstead. Length, 12 miles. Capital, 105,000l. in 107. shares and 35,0007. on loan. Arrangements with South Devon, which grants a rebate on 25,000l., equal to 5 per cent. per annum. Opened 4th July, 1866. The report for August stated that the traffic continued to make satisfactory progress. and that the net increase over the corresponding period of last year amounted to 881. The hostile clauses in the Bill introduced by the Teign Valley had been withdrawn and the works on the line suspended. In the absence of information as to the intentions of that company, the consideration of the propriety of constructing a station at Jew's Bridge, for the accommodation of Chudleigh, remained in abeyance. CAPITAL.-The expenditure on this account to 30th June, 1870, amounted to 154,6777, the receipts having been detailed as follow: ..........£101,901 35,000 16,414 £154,677 £138,262 No. of Directors-6; minimum, 3; quorum, 3 and 2. Qualification, 3001. DIRECTORS: Chairman-The EARL OF DEVON, Powderham Castle, Exeter, and 68, Brook Street, W. John Divett, Esq., Bovey Tracey. Thos. Wills, Esq., East Wrey, Lustleigh. *Thomas Woollcombe, Esq., Devonport. *W. R. Hole, Esq., Park, Bovey Tracey. Elias Cuming, Esq., Linscott, Moretonhampstead, Devon. OFFICERS.-Sec., Alexander E. Lhoyd, Newton Abbot; Engs., John Fowler, 2. Queen's Square Place, Westminster, S. W., and P. J. Margary, Plymouth; Auditors. Symon N. Neck and E. S. Bearne; Solicitors, Whiteford and Bennett, Plymouth: Bankers, Sanders and Co., Exeter, (London Correspondents, Barclay, Bevan, and Co., 54, Lombard Street, E. C.) * Retire in 1871, but are eligible for re-election. Offices-Newton Abbot. 223.-MOUNTSORREL. Incorporated by 22 and 23 Vic., cap. 55 (1st August, 1859), from a point 204 miles from Derby, to Mountsorrel, in Leicestershire. The line is the sole property of Lord Lanesborough, and is intended to facilitate the working of certain valuable granite quarries in the immediate vicinity of the town. Length, 1 mile 2 furlongs and 3.70 chains. Estimate, 8,3007. 224.-MOWDDWY. Incorporated by 28 and 29 Vic., cap. 306 (5th July, 1865), to construct a line from the Cemmes Station of the Cambrian to the town of Dinas Mowddwy. Length, 6 miles. Capital, 21,000l. in shares and 7,0007. on loan. Arrangements with Cam brian. The line was opened for traffic in September, 1867. No. of Directors-6; minimum, 3; quorum, 3 and 2. Qualification, 3001. DIRECTORS: Sir Edmund Buckley, Bart., M.P., of Plas | Edmund Shaw, Esq., Dinas Mowddwy. Dinas Mowddwy, Merionethshire, and William Rees, Esq., Llandovery. 1, Upper Hyde Park Street, W. OFFICERS.-Sec., David Howell, Machynlleth; Ing., George Owen, Oswestry: Solicitors, Howell and Morgan, Machynlleth. 225.-MUCH WENLOCK AND SEVERN JUNCTION. Incorporated by 22 and 23 Vic., cap. 26 (21st July, 1859), to construct a line from Much Wenlock, in Shropshire, to the Severn Valley, and the river Severn. Capital, 24,000l. in 10. shares; loans, 8,000. Length, 4 miles, including communication with the river Severn. Extra land, one acre; compulsory purchase, two years; completion of works, four years. Running powers over part of the Severn Valley. Opened 1st February, 1862. By 25 Vic., cap. 14 (16th May, 1862), the company was authorised to raise additional capital to the extent of 24,000l. in shares, and 8,0007. on loan; also to subscribe a further sum of 10,000l. to the Wenlock, &c. By 27 and 28 Vic., cap. 302 (29th July, 1864), arrangements were authorised with the Wenlock that both be worked by the Great Western for ten years, ending July, 1872. No. of Directors-7; minimum 4; quorum, 3. Qualification, 2507. MUSWELL HILL-NANTWICH AND MARKET DRAYTON-NAVAN, ETC. 221 DIRECTORS: Chairman-ANDREW GOOD BROOKES, Esq., Shrewsbury. Joseph Amphlett, Esq., Much Wenlock. Ralph Augustus Benson, Esq., Wenlock, William Penny Brookes, Esq., Much John Horton, Esq., Much Wenlock. OFFICERS.-Solicitor and Secretary, R. C. Blakeway, Wenlock; Engineer, John Fowler, 2, Queen's Square Place, S.W.; Auditors, Richard Palin, Shrewsbury, and C. J. Cooper, Bridgnorth. 226.-MUSWELL HILL. A company established under limited liability, but incorporated by Act 29 and 30 Vic., cap. 290 (30th July, 1866), to construct certain railways over the estate, and to establish access to the Great Eastern, the Great Northern, and the Edgware, Highgate, and London. Length, 1 mile. New capital, 70,000l. in shares. No borrowing powers. Arrangements may be made with the three railway companies mentioned, or either of them. In abeyance. 227.-NANTWICH AND MARKET DRAYTON. Incorporated by 24 Vic., cap. 44 (7th June, 1861), to construct a line from the London and North Western, at Nantwich, to Market Drayton. Length, 104 miles, single line. Capital, 60,0001. in 20. shares; loans, 20,000. Opened 19th October, 1863. By 27 and 28 Vic., cap. 152 (30th June, 1861), the company obtained an increase of capital to the extent of 60,000/. in shares, and 20,000l. on loan. These shares were created and issued on 31st August, 1865, the whole being guaranteed 44 per cent. by the Great Western. It was announced in August that the directors had nothing further to report respecting the proposed amalgamation with the Great Western, as the latter had made no proposition on the subject, nor were the directors aware that an amalgamation had yet taken place between the Great Western and the Wellington and Drayton pursuant to the agreement entered into between those companies. CAPITAL-The expenditure on this account to 30th June, 1870, amounted to 144,410. The receipts being as under:Shares and stock...... Loans £119,322 No. of Directors-6; minimum, 4; quorum, 3. Qualification, 500%. DIRECTORS: Chairman-HENRY REGINALD CORBET, Esq., Adderley, Market Drayton. William Tayleur, Esq., Buntingsdale, | E. W. Harding, Esq., Old Springs, Market Drayton. Market Drayton. Thomas Twemlow, Esq., Peatswood, William Rodenhurst, Esq., Market DrayMarket Drayton. John Duckers, Esq., Adderley Lees, Market Drayton. ton. OFFICERS.-Sec., W. M. Wilkinson, Market Drayton; Eng., John Gardner, 9, Victoria Chambers, Westminster, S. W.; Solicitors, Cobb and Southey, 4, Westminster Chambers, S. W., and Warren and Onions, Market Drayton; Auditors, H. B. Hoy, Euston Station, N. W., and William Welch Deloitte, 5, Lothbury, E.C; Bankers, The Manchester and Liverpool District Bank, Market Drayton and Nantwich. Offices-Market Drayton. 228.-NAVAN AND KINGSCOURT. Incorporated by 28 and 29 Vic., cap. 350 (5th July, 1865), to construct a railway from Navan, on the Dublin and Meath, to Kingscourt. Length, 11 miles. Capital, 120,000 in shares, and 40,000l. on loan. Arrangements with Dublin and Meath, which may subscribe 40,000%. By 30 and 31 Vic., cap. 146 (15th July, 1867), the company obtained power to make certain deviations, as well as an extension of time for completion of works till 15th July, 1871. The number of directors was also increased from five to seven. By 33 and 34 Vic., cap. 107 (4th July, 1870), an extension of time for three years was obtained for completion of works. Also power to enter into agreements with the Dublin and Meath and the Midland Great Western. Application is being made to Parliament for certain deviations, abandonments, and extensions. Also to enter into arrangements with the Dublin and Meath and the Midland Great Western. DUBLIN AND MEATH.-A special meeting was held in October, 1867, for the purpose of considering the terms on which a subscription of 40,000l. on the part of the Dublin It was explained that the project had remained Since then deviations and Meath should be accepted. dormant since 1865, in consequence of the commercial panic. had been authorised by Parliament, which would effect a saving in the outlay. The A resolution was passed Meath were prepared to lend 40,000l. at 5 per cent. upon preferential shares, and proposed to work the line for 40 per cent. on gross receipts. acceding to those terms. No. of Directors-7; quorum, 3. Qualification, 5001. DIRECTORS: Farmery John Law, Esq., 2, Bedford Major William Fletcher Gordon, 17, Wel- John Whittington, Esq., Bristol. W. David Me. Birney, Esq., Dublin. OFFICERS.-Sec., John Wilson Theobald; Solicitors, George F. Smith, 15, Golden Square, W., and D. and T. Fitzgerald, Dublin. Offices-6, Victoria Street, Westminster, S.W. 229.-NEATH AND BRECON. Mixed gauge. Capital, Incorporated by 25 and 26 Vic., cap. 193 (29th July, 1862), to construct a line from Length, 94 miles. the Vale of Neath to certain collieries is Breconshire. Arrangements with the Vale 60,000. in 107. shares; loans, 20,000!. of Neath. Opened for goods and minerals to Onllwyn iron works, 10 miles, on 2nd September, 1861. Opened throughout for passengers, 1867. " By 26 and 27 Vic., cap. 130 (13th July, 1863), certain deviations were authorised, Arrangements with the Vale as well as an extension to Brecon. Length, 8 miles. The name of the undertaking was also changed to that of the "Neath and Brecon." of Neath, and Brecon and Merthyr Tydfil, and Hereford Hay and Brecon. capital, 405,000l. in shares, and 135,000l. on loan. New Length, By 27 and 28 Vic, cap. 316 (29th July, 1864), the company was authorised to extend the line to the Central Wales, and to construct two branches to collieries. 15 miles. Capital, 210,000. in shares, and 70,000l. on loan. Central Wales. Arrangements with By 29 Vic., cap. 15 (18th May, 1866), the company was authorised to raise additional capital to the extent of 150,0007. in shares (preferred and deferred), and 50,000%. on loan. SWANSEA VALE AND NEATH AND BRECON JUNCTION.-Incorporated by 27 and 28 Vic., cap. 293 (29th July, 1864), to construct a line from the Swansea to the Neath Length, 8 miles. Capital, 120,000l. in 107, shares, and 40,000l. on loan. and Brecon. Capital, 15,000%. in By 28 and 29 Vic., cap. 239 (5th July, 1865), the company obtained power to construct Length, 14mile. a branch from Ystradgynlais to Alecrane. shares, and 5,000. on loan. By 29 and 30 Vic., cap. 212 (16th July, 1866), this undertaking was vested in the Neath and Brecon for 999 years, from the 1st January, 1867, at 5 per cent. By 30 and 31 Vic., cap. 122 (15th July, 1867), the company was authorised to acquire certain lands at and near Swansea, to acquire the Oystermouth tramway and part of the Brecon Forest tramway; also to create new shares to the extent of 75,000, and to borrow 35,000. Swansea Vale and Neath and By the same Act the company legal proceedings, to which it By 32 and 33 Vic., cap. 145 (26th July, 1869), the Brecon Junction was vested in the Neath and Brecon. obtained the privilege of suspending the whole of the had become subjected, for a period of ten years, and to convert its mortgage and other debts into debenture stock. No. of Directors-8; minimum, 5; quorum, 3. Qualification, 3001. NEW MILFORD DOCKS-NEWPORT-NEWPORT PAGNELL. DIRECTORS: 223 Chairman-THOMAS CAVE, Esq., M.P., 66, Lancaster Gate, Hyde Park, W. I Vice-Chairman-J. W. WILLIAMSON, Esq., 4, Stone Buildings, Lincoln's Inn, W.C. W. Laurence Banks, Esq., F.S.A., Ponty- | 2 W. M'Andrew, Esq., 57, King William 1 John Whittington, Esq., Clifton, Bristol. 1, Retire in 1870; 2, in 1871; 3, in 1872. OFFICERS.- Sec., D. Howell Morgan, Westminster Chambers, Victoria Street, Westminster, S.W., and Neath; Man. and Res. Eng., Hans St. George Caulfield, B.A., C.E., Neath; Con. Eng., John Gordon M'Kenzie, C.E.; Auditor, W. Whittington, Neath; Solicitors, Dean and Taylor, and James Kempthorne, Neath; Bankers, The Union Bank of London, Temple Bar Branch, E.C., The Glamorganshire Banking Company, Neath, and the National Provincial Bank of England, Brecon. Offices-1, Westminster Chambers, Victoria Street, Westminster, S.W. 230.-NEW MILFORD DOCKS. Incorporated by 26 and 27 Vic., cap. 219 (July 28th, 1863), to construct a railway, docks, and other works at Milford Haven, near the estuary called Neyland Pill, at its junction with Milford Haven. Traffic arrangements with the Great Western. loans, 73,3007. Capital, 220,000. in 10. shares ; By 29 Vic. (1866), the company obtained an extension of powers. Additional capital, 50,0007. in 107. shares; loans, 16,6007. No. of Directors-5; minimum, 3; maximum, 6; quorum, 3. Qualification, 2501. OFFICERS.-Eng., R. P. Brereton, 18, Duke Street, Westminster, S. W.; Solicitors, Gregory, Champion, and Eady, 5, Great Winchester Street Buildings, Broad Street, E.C. 231.-NEWPORT. Incorporated by 29 and 30 Vic., cap. 329 (6th August, 1866), to construct a railway from the North British, at Ferry-port-on-Craig, to Newport, in the county of Fife. Length, 6 miles. Capital, 96,000/. in 107, shares and 32,000. on loan. Arrangements with North British. By 30 and 31 Vic., cap. 157 (25th July, 1867), the company was authorised to make a deviation as well as to relinquish several sections of the original line. Capital reduced from 96,000l. to 46,0007. in shares, and the borrowing powers from 33,000l. to 15,000!. By 33 and 34 Vic., cap. 153 (1st August, 1870), the company was authorised to extend the line from Ferry-port-on-Craig to Long Craig (4 miles), with a view to form a junction with the Tay Bridge scheme of the North British. Also to abandon the deviation of 1867, the period for construction of the line of 1866 being extended to August, 1873. No. of Directors-5; minimum, 4; quorum, 3. John Berry, Esq. Qualification, 2001. 232.-NEWPORT PAGNELL. Incorporated by 26 and 27 Vic., cap. 110 (29th June, 1863), to construct a line from the London and North Western, at Wolverton, to Newport Pagnell, and to purchase the Newport Pagnell canal. Length, 4 miles. Capital, 45,000. in 10. shares, and 16,000. on loan. Arrangements with London and North Western. Opened 2nd September, 1867. By 28 Vic., cap. 56 (2nd June, 1865), the company was autherised to construct an extension to Olney. Length, 54 miles. New capital, 80,0007. in shares and 26,000Z. on loan, which sums were authorised to be raised at the meeting in August; the shares at 5 per cent. preference. By 29 and 30 Vic., cap. 354 (10th August, 1866), the company was authorised to extend the line to the Northampton and Peterborough branch of the London and North Western, and also to the Bedford and Northampton. Length, 11 miles. Capital, 225,0001, in shares and 75,000/. on loan. Arrangements with Midland. |