The Express.
London, England, 1864-02-25 00:00:00

THE NORTH LONDON RAILWAY.

The directors have to report that the traffic ,
receipts for the past half-year, as shown be the accompany-
ine statement of amounts, amount to 90,453/., as compared
with 84,4 W., for the corresponding period of the previous
year, being as increase of 6.911.1/. The general result of the
iudf-year'e working, after payment of deheoture isterest, a •
bet balance to the credit cf revenue of 42.519 i. 6s. 2d. Having
regard to the ex pedieocy of providing, during the prementyear,
for all charges of an exceptional chancier, in anticipation
of the increased claim on revenue, on completion of the
City branch, the directors recommend that the sum of
4.0001. be set apart for renewal of the coal depot., and
that, for the remaining sum of 34,51 W., a dividend be de-
clared at the rate of seven per cent. per %Deem, leaving •
balance of 1,7711. Da. 2d., to be carried forward to the
current ball-year. The receipts from paraeogsra show •
slight decrease, the traffic during the corresponding period
of liftl2 baring been exceptionally large to conseqoasos of
the International Exhibitioe ; the live stock traffic Is also •
little less ; in mereliaodise and minerals there loan increase of
6,275,. An increased expenditure of 1,68. V. isslrown under the
head of renewal of road, a portion of the line having bees
relaid bet wren Bow and Poplar. The decrease in general
charges of 2,006/. is attributable to the &bassos, es the
present occasion, of the heavy sum charged in the grevions
year for compensation. The works of the City Extension
Lisle are progressing satisfactorily ; possession has been ob-
tained of the entire quantity of load required ; sad the
directors have every reason to believe that the line will be
completed for traffic by the spring of next year. The Great
EasternCompuy having substituted for their proposed lined
last year. a project which is not calculated to meet the IS-
gunmetal' of the traffic between Kuigsland and Tottenham,
your directors have, at the urgent solicstation of a large
number of inbabitasts of the district, submitted to piths-
meat • proposal for • branch lise to meet this object. The
board hase also found it necessary to apply for powers to
provide increased dock sod siding accommodation at Poplar,
and for other general purposes of the company. Them bills
will, at the proper stage, be aubmitted to the proprietors
for approvaL The numerous projects for metropnliten railways,
daring the present serioo of parliament, are being carefully
watched by the board. It is to be hoped, however, that
such a course will be taken by the legislature, in respect
of the several schemes, as will lead to the ultimata adop-
tion of a defined and comprehensive policy ; the expose.
which are of necessity incurred, in the absence of such
policy, by measures rendered necessary to protect present
Interests from speculative aggression, form • heavy annual
burden upon the remierma of existing companies. The re-
tirement of Hr. Sweetland from the direction creates •
vacancy, which it will be necessary to 611, on the present
occasion. Captain Porter, one of the auditors, haw* also
retired, it will be necessary for the proprietors to elect •
successor."

NORTH •ND SOUTH WrATERN JCIerTION R•lL-
wsr.—The general result of the statements is the report,
after psymeut of debenture interest, la a diauosable Wanes,
to the credit of , of 2,8601.. from which the directors
reoommead that tbe sum of 400 i. be placed to a reeewal
fund, and that from the balance. 2.460'.. • dividend be de-
, olarad at tie rate of 6 per out. per ammo, Marled
• 6:11. 7a Bd. to be carried forward to the murals bailer.