The Express.
London, England, 1852-08-21 00:00:00

WEST CORNWALL.

The directors of this company have just issued
their report. It states that the line between Itedruill and
Truro is now finished, thus completing the communication
by railway between Truro and Penzance, and carrying out
the main object fur which the company was originally de-
signed. On comparing the traffic for the peat half-year
with the corresponding period of 1841, it shows a net in-
crease of 8141., but if the comparison is made between the
three mouths ending 28th June last, during which time the
extension has been worked, and the corresponding period
of an increase of 1;1931. is shown on the quarter,
principally arising from passenger traffic. The increase in
the working expenses amounted to 1,4931. The directors
have considered the propriety of construetiag a branch
line to the river side at Truro, in order to accommodate the
goods traffic at that part, and they are of opinion that such
a branch, if economically constructed, would prove advan-
tageous to the company. The directors have availed them-
selves of the favourable state of the money market by pay-
ing off mortgages at 4 per cent. to the amount of 31,8001.,
and they have raised money on debentures of the company
for four and seven years, at 4 per cent. per annum, thus
saving a large annual sum. The capital account shows that
312,9041. bail been received, and 293,2681. expended, leaving
a balance of 17,637!. The revenue account fur the half-
year shows that 8,3171. had been received and 7,3361. ex-
pended, leaving a balance of 9811. The general revenue
account shows a disposable balance of 2,0801.

HEREFORD, ROSS, AND GLOUCESTER RAILWAY.—
Nearly 2,000 navigators are now employed in the formation
of this line, and excellent progress is being made. The
heavy Lea tunnel is now the chief difficulty, and night and
day the work of tunnelling is being carried on, and the
greatest exertions are being made to complete this arduous
portion of the undertaking. This tunnel is about 600 yards
in length, and the bore has almost to be made through a
solid rock, the stone being very hard. The tunnel at Bel-
lingham has been commenced, and though it is 900 yards In
length, there is no doubt that it will prove an eviler task
than the Lea tunnel, as the stone is a soft red sandstone,
and }lt'd, easily to the pickaxe. In about three or four
months the line from the Grange to Longhopc will be ready
for opening, being within six miles of the town of Ross. On
nearly all the other portions of the line the most active ope-
rations are visible, and between Ross and Hereford au em-
bankment of a mile in length has been finished. Ground
has not yet been broken in the immediate vicinity of Ross.
AMBERCATE RAILWAY.--The report just issued
by the directors, which will be laid before the usual half-
yearly meeting of shareholders, to be held at the .Town
Hall, Grantham, states that " the traffic account of the past
six months shows a steady increase upon the corresponding
period of last year, in all departments except minerals,
which may be accounted for by the very large quantity of
minerals and materials carried in the same period of last
year fur the contractor; of the Great Northern Railway,
and other causes not of a permanent character. The gene-
ral expenses of conducting the company's business arc nearly
similar to those of preceding half years."
CEYLON RAILWAY.—The yearly meeting of this
company was held yesterday, at the offices, in '..,opthall-
buildings. Captain Nairne, L1.C.8., took the chair. The
secretary read the report, which recommended the further
continuation of the project fur another year, from the cir-
cumstance of the resuscitation of the Madras Railway,
under similar circumstances, the improving state of Ceylon,
and the hope that the present government would be in-
duced to favour the introduction of railways into that island.
The accounts showed a small balance in hand. After the
adoption of the report the meeting adjourned.