Handwritten copy of Stockton & Darlington Railway Company annual report

Made:
1830-07
part of archive:
Leonard Raisbeck Archive

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© The Board of Trustees of the Science Museum

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© The Board of Trustees of the Science Museum

Science Museum Group
© The Board of Trustees of the Science Museum

Science Museum Group
© The Board of Trustees of the Science Museum

This item has undergone conservationwork to facilitate digitisation, the string binding was removed.

Details

Extent:
1 item
Identifier:
RAIS/4/8/3
Transcription:
Copy Report of the Committee of the Stockton and Darlington Railway Company

In presenting to the General Meeting of the Proprietors of the S & D Railway the Annual Report of your committee, they have the satisfaction of congratulating their fellow proprietors on the advancing prosperity of the concern.
Your committee would endeavour in the first place as briefly as possible to lay before the company an account of the present state of your works. Since last year the main line has had constant attention not only has the whole extent been well and thoroughly repaired but by additional sidings, by extension of others, and by the removal of of lighter Rails and wooden blocks and the substitution of Stronger Rails and Stone Blocks and by the planting and protecting of the Embankments and Slopes, great and permanent improvements have been made. A large quantity of excellent Ballast has also been applied in different parts so that your committee may safely assert that the whole Road is in a most satisfactory condition, the same remarks will in many respects also apply to the different branches connected with the main line.
Of the works remaining unfinished at the time of the last Annual General Meeting, your committee have to observe that the Haggerleases branch Railway has been completed to within a mile of its termination & was opened to the public on the 1st of May, a considerable traffic already exists on that portion of the line and your committee hope to see the whole finished by about the beginning of Oct’r. The Croft Branch Railway has also

[Page 2]

Been completed, it was opened to the public on the 27th of Oct’r. last and the returns accompanying this report will shew that it promises to realize the anticipations formed of its being a valuable acquisition to your undertaking. The Middlesbro’ Branch Railway has also had the best attention of your Committee – many obstacles have arisen and retarded its completion, but as these have been successively surmounted, and the works are now advancing with all possible dispatch, your Committee venture to anticipate its being opened for public traffic before the expiration of the present year. An earlier period might possibly be looked at but your Committee would avoid holding out any unjustifiable expectations of the earlier accomplishment of a part of your undertaking which appears fraught with important consequences to all parties interested such portions of the work as are most likely to delay the opening of the Branch have received the special consideration of your Committee.
Your committee have already alluded to the Returns appended to this report. They exhibit an increase of 4314 tons over the last year of coals carried on the Railway for land sale on every part of the Line there has been a portion of such increase, Save at Yarm.
The quantity of Coal exported has greatly augmented as will be seen from a comparison of 1829 – 1830 with 1828 – 1829 and your Committee cannot entertain a doubt but that At Stockton and particularly on the opening of the Branch Railway to Middlesbro’ a still greater increase will take place.
Although it has ever been your committee’s anxious wish to render every additional facility which the increase of business already alluded to has appeared to require it cannot be concealed that the most prompt and unwearied exertions on the part of your committee have failed in giving such facilities as the rapidly increasing trade in the export of Coal has required. Your committee are however Sanguine that in a short time means will be provided calculated to ensure satisfactory results to all parties - Amongst these a gradual approximation to a double line of railway and a more efficient regulation of the travelling on the line are obvious resources, so important a subject necessarily has due weight with your committee.
Under the head lime and stones, a considerable increase in quantity is apparent, it is however in Stone only, that this increase has taken place. The amount of Revenue from Merchandize and Coaches has varied but little, from the receipt of the former years.
The statement presented of the company’s affairs is the result of constant care to keep the accounts so as to distinguish between the current expenses of the concern

Page 3

And the charges consequent upon the works now in hand and uncompleted. The result shews a balance of profit amounting to 5539£, under these circumstances your committee would venture to recommend the payment of 5£ per share as a dividend on the 1st day of January 1831.

Abstract of Accounts

Income from Tonnage & c

On - 147,570 Tons of Coals £20,951.06.11
On - 12,680 Tons of Lime & Stones £797.00.10
On - 11,589 Tons of Merchandize, Lead & c £1,227.04.11
On – Coals £413.06.09
Rents £338.10.06
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£23,727.09.11
Deduct Outgoings £18,188.03.01
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Surplus Income £5,539.06.10
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Outgoings

Haulage £5,474.10.11
Repairs of Locomotive Engines £348.07.01
Repairs of permanent Engines £408.10.02
Repairs of waggons £795.08.09
Repairing mainline & Branches £4,093.16.09
Agents Salaries, Taxes, & c & c £1,820.09.02
Interest & c £5,247.00.03
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£18,188.03.01
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Signed on behalf of the Committee
J Pease Jun’r

Railway Office
7 Mo: (July) 13 - 1830

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