The Express.
London, England, 1863-12-10 00:00:00

CRYSTAL PALACE COMPANY.

The report of the directors to be submittal to
the game meeWg oo the 16th inst. states that the result
of the year's shows a balance in favour of revenue
of 42,674/. 2s. Bd. ; and, after payment of all prefereace
charges and interest, there remains at the credit of the
general revenue account the sum of 20,2181. Os. sd. available
for division amongst the proprietors of ordinary capital.
Out of this sum the directors recommend the payment of •
dividend of 2 per cent. (2s. per share), which will Lave a
balance of 1641. 10.. bd. to be carried forward. Credit le
taken in the general revenue account for the balance of cash
received from the Booth London Railway Company for the
land occupied by their high level line and station, after de-
ducting the sum of 10,0001. paid to the Dulwich College fee
the leasehold interest of this company therein. In respect
of this payment an allowance of 3001. per annum has been
made by the college from the ground rents. The saving
shown on the expenditure aide of the accounts is a feature
which cannot fail to be regarded as mtisfactorv, especially
as it occurs not only io the temporary items of attractions,
but also throughout the permanent departments of the
company's expenditure. The diminution in the receipts
arising from shilling Tinton and the departments de-
pendent thereon is large, but this is in a great de.
gree to be explained by the natural reaction io the
past season after the excitements and attractions of the
Exhibf• year, a reaction which is well know, to have
geserally affected both the trade and the amusements of
the metropolis. On the other hand, this diminution is to
some extent commended for by the increase in the receipts
directly and indirectly attributable to season taste ; •
branch of income which as it is mainly derived from resi-
dents in the neighbourhood of the Palace, may be looked
Freon awstrrorr iri."..;,ilyzr foxgrs'dciViricr. grow
we
with
ers *
look forward with confideooe to an improvement in the
general traffic, as the additional railway accommodation
DOW rapidly in course of completion )s gradually sup.
plied. The works oo the Booth London Railway are being
prosecuted with the greatest vigour. Considerable progree,
has been already made in the preparations for the high
level station in tenet of the palace, while the tunnels at
Sydenham-hill and Forest-hill, with others of the heaviest
works on the line, are being energetically pushed forward.
The directors are ensured that the line will be opea for
traffic, as promised, ors or before the Ist May, 1865, sad
thus a northern connexion will be made with the )(strop.
titan line into the heart of London. Of great importance
to this company is the arraagenient lately effected between
the South &Meru and the Chatham and Dover Redeem,
providing a connexion between the high level
DOD and the stations at Charing-cross, Cannon-street,
Greenwich and Woolwich, and tints giving the Crystal Palace
direct access to those most valuable point.. if, as is alsopro.
posed, a connexion be effected between the Soothero and
Eastern humpy crossing the Thames below London-bridge,
the directors will have great reams to congratulate their
shareholders on the completion of the railway access to the
Palace. The economy in the general expenditure of the
company baa been effected without in the least impairing
the efficiency or stability of the building. No better proof
of this could be desired than the very satisfactory manner
in which it has stood the extremely severe plea of the past
season, and especially those of the present week, to which
it great elevation and immense extent peculiarly expose
it. The property of the company, both within and
without the building, is maintained in the best condition.
The receipts of the Exhibitors' Department continue to
show a satisfactory advance upon those even of the preced-
ing year. This department has been lately re-maimed, and
thereby materially improved, and may now claim the cha-
racter of so attractive permanent Exhibition, representing
manufacturers of eminence in the venous branches of trade,
particularly in the carriage department. Great care has
been taken to secure generally the most desirable class of
tenants, with the view to maintain as much as possible the
present favourable position and working of this important
rtion the Palace. The tercentenary of the birth of
which occurs next year, is an event which can.
=IOtitIODOO the proceedings of the Crystal Pa mie in
the sowing season. The subject of the most appropriate
mode of celebrating this national occasion has already occu-
pied the attention of the directors, and in due time they
will be prepay Ito announce the course which they intend
to pursue in reference to it.