The Express.
London, England, 1863-08-08 00:00:00

GREAT EASTERN.

The report of the directors to the half-yearly
mortice. to be held on Thursday, shows the receipts to be
720,2491. 16.. Bd.; and the expeoditure, 352,7721. 13s. lid.;
leaving, 367,4771. 3a. ; less payments to Northern ants
Eastern and other companies, and interest so guaanteed
and preference stocks, mortgages, lor., 323,1&..1. la. Ild.;
the balance being 44,3121 le. Id. The above balance. e-
ther with the sum of 15,190/. 19s. 5d., the surplus after
the payment of the divideud for the half•year ending the
31st of December. last make a total of 59,503/. Os. ltd. ; this
amount, leas the deductions set forth in the general
revenue account, will admit of a dividend for the halt.year
at the rate of 14 per cent. per annum, being paid on the
ordinary stocks of the company. This will require 52,2461.
15s. 3d. ; leaving 3,2561. sa. 31 to be carried forward. The
expenditure on the capital account for the put half year has
been chiefly incurred for the purchasedf land for the new
lino, and in payment for works executed under the con-
tract for their construction. In addition to which a sum
of 34,132/. be. been e• needed for rolling stock required to
meet the exigencies of the service, sod for the working of
the extra mileage since the Amalgamation Act. The working
expenses for the half-year are 4&. 19s. 7d. percent. The rol-
ling stock continues to be maintained ir.• ante of efficieocy.
The revenue of the amalgamated lines for the past half yea
exhibits an increase of 28,289/. over the same period of 1862.
The directors have looked forward with much interest to
the results of the working of the whole system. of the Great
Eastern Railway for the last half year, as this is the first
period in which all the liabilities incidental to the &maga-
mation have bad to be sustained, more especially as the
matures which have been adopted for promoting the
general traffic, now that the whole system is consolidated,
have been only partially in operation, and the full effects
have yet to be realised. They have also given their atten-
tion to the question as to the amount which ought to be
charged to revenue for maintaining in cemplete efficiency the
whole of their rolling stock, permanent way, and the recoil-
stmctionof the bridges. As regards the permanent way,
the engines. and bridges, they see no reason for departing
from the pnociple explained to the proprietors at their last
meeting, but they now propose, for the first time, to lay
aside a large usual sum as a provision for keeping up the
ruling and other working stock, thus affording to the
propnetors a correct but, whereby to judge of the prospects
of the undertaking ; and it is the opinion of the directors
that the results of the past half-year, taking all the circum-
stances into consideration, are of a satisfactory character.
When the last report was made to the shareholders the
amount of the claims of the Futons Union and East Suffolk
Railway Companies, which had been referred for settlement
to Captain Gallon, had not been ascertained. The director
were, however, enabled at the subsequent meeting to report
the amount of stock which had been awarded to the East
Suffolk Company, sod subsequently to Trey to the share-
holders the dividend then declared, Captain Gallica
having determined the amount of fixed
attaching to the Eastern Union Company, INC
exceeded by 4,178/. per anon= the amount at which they
had been taken in arranging the terms of the anialgamatioe,
and one moiety of that .slllll was therefore deducted from
the dividend upon the amount of stock allocated to them.
An application was afterwards made on the part of the re-
mounting of the Raglan Union Compsny to set aside
Captain Galton's sward. This application was dhariesed by
VirroChaseellor Wood; brit es an appeal to the Lords
Jading, which ease es for Waring en the 24th day of