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Newspaper
Weekly Chronicle
Location
London, Middlesex, United Kingdom
Date
May 28, 1864
Page
5
The report notes steady growth since the line opened on 15 November 1862 with half year receipts of £33 748 and annual receipts of £42 603. Passenger totals reached 422 164 and 519 990 while goods tonnage rose to 12 637 and 14 940.
May 23 Master of the Rolls hears private proceedings to settle costly litigation and declares a 1s 3d in the pound dividend to creditors of the National Assurance and Investment Company. Most disputes are expected to be compromised. official managers and counsel present. Sir W P Wood also delivers judgment in the State Fire Insurance matter ex parte Horne, removing him from the contributories list and awarding costs after shares transfer.
In the May 23 session Justices Crompton Blackburn and Shee examined Davis v Wells amid a rule to restrain proceedings and enforce costs. The case involves a disputed liability as a contributory to a winding up and a £5,000 payment claimed by the plaintiff. Also reported are donations and actions by the National Lifeboat Institution and Ventnor Harbour progress plus a New Zealand mail contract via Panama with Wellington as port of call.
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