LYNTON AND BARNSATAPLE.
DIRECTORS:
3 Chairman—Sir GEORGE NEWNES, Bart., J.P., M.P., Hollerday Hill. Lynton and Wildcroft, Putney Heath, S. W.
- 1 Sir Thomas Hewltt. K.C., J.P., The Hoe. Lynton, and 9, Qneen's Gate, S.W.
- 1 Evan Browall Jeune, Esq., J.P., The Manor House, Lynmouth.
- 2 John Sidney Smith-Winby, Eva., 8, Coleman Street. E.C.
1, Retire ln 1905; 2. in 1906: 3 in 1907.
OFFICERS.—See. and Mem, Charles E. Drewett. Pilton Bridge, Barnstaple: Auditors, A. A. Yeatman, Chartered Accountant, 2, Coleman Street. E.C., and H. E. Southam, 42, Moorgate Street, E.C.; Solicitors, Ffinch and Chanter, Bridge Buildings, Barnstaple.
Offices—Pilton Bridge, Barnstaple.
Incorporated by act of 27th June, 1896. for making a railway from Barnstaple to Lynton. Length, 19 miles 1 furlong 5 chains. Period for completion,6 years. Capital 85,000l. In 10l.' shares, with power to divide into preferred and deferred half-shares; borrowing powers, 68,830l.
The line was completed and opened for traffic 10th May. 1898.
capital—{{The expenditure on this account to 30th June. 1904, amounted to 127,467l., and the receipts were:—Ordinary 10l. shares, 84,068l.; loans, 48,200l.; total, 123,161l.; balance, 679l.
Revenue—Half-year ended 30th June, 1903. Gross receipts. 3,278l expenses, 3,283l.; balance, 40l. Loan and debenture interest, 917l. 31st December, 1903, gross receipts, 4,797l. expenses, 3,141.; balance, l,656l. 30th June. 1904. gross receipts. 3,098l.; expenses, 3,420l.: balance (debit), 327l. The total debit balance at 30th June, 1904, was 1007l.
No. of Directors.-Maximum, 1; mlnlmum, 8; quorum, 6 and 8. Qualifcation. 50 shares.
MACCELSFIELD COMMITTEE
DIRECTORS:
Great Central representatives.
- Edward Chapman, Esq., M.P., Hill End, Mottram.
- Edward H. Fraser, Esq., D.C.L., Welllngton House, Nottingham.
- Colonel C. F. Surtees, Charing Cross Hotel, London.
- The Rt. Hon. C. B Stuart-Wortley, K.C.,7 Cheyne Walk, Chelsea, S. W.
North Staffordshire representatives
- Godfrey Wedgwood, Esq., Idelrocks, Stone. Staffs.
- J. Spencer-Phillips, Esq., The Mount, Shrewsbury. Tonmnn Modley, Esq., Bangors Park, Iver, Bucks.
- Francis Wm. Bott.Esq.,8omerset ,Derby.
Secretary—Oliver S. Holt, London Road Station, Manchester.
Incorporated by act of 1864, by name of the Macclesfield. Bollington, and Marple Railway Company, to construct a railway 10 miles 78 chains in length, commencing by a junction with the North Staffordshire at Macclesfield. and terminating by a junction with the Sheffield and Midland at Marple. Capital, 200,000l. In shares of 10l. each, the North Staffordshire and Great Central being empowered to subscribe in the whole 80,000l., and to enter into agreements for the joint working of the undertaking.
By the Macclesfield Bollington, and Marple Committee Act,1871 the company was dissolved and the undertaklng transferred to and absolutely vested in the North Stafford and Great Central, under the management of a committee of eight members, four of whom were to be appointed by each company, the name of the railway to be thereafter known as the "Macclesfield Committee." The 1871 act and the Manchester, Sheffield, and Lincolnshire Railway Act, 1874 contained additional capital powers.
The capital expenditure to 30th June, 1904. amounted to 488,809l., and in the half year to that date a profit of 4,463l., and for the previous half year 4,177l. was divided between the owning companies.
