The Express.
London, England, 1863-09-21 00:00:00

NORTH BRITISH RAILWAY.

The report report issued by the directors of this com-
pany is a lengthy document, of which the following is en
abstract :—The half•year ending 31.1 July closet with en
equal mileage compared with the corresponding date of last
year, bet, owing to partial openings, as accurate comparison
of results cannot be made prior to the half.yeare ootomenciog
let August. 1862 and 1863. The oompustive increase of
traffio receipts in the past half-year gives a total of
34,1521. ; and the balancesheet shows a surplus avail-
able for dividends on the ordinary stocks of 20,5911.,
*sallies the &ROAM to rummaged the shareholders
to declare dividends per cent. per annum of on the North
British, Bs. 4d. oo the Edinburgh, Perth, &MI/nudge, and on
the Border Union ordinal,' stocks • leering a balance to
carry forward of 8391. The director madder thane results
eatiafratiory. A year ago, when the dividends of the Erliu.
burgh, Perth, and Dundee, West of Fife, and Sloth
undertaking were not a burden on the North British, the
shareholders only received a dividend of 1 per rent. per
annum. Now, also, there ere the dividends on Border
Union and North Brithh guaranteed shares, and interest
r ezttal expended on the Wernher*, the Celestials, the
and Berwickshire railways, hithei to totally %repro.
ductive, and imposing • deed weight on revenue. These did
not affect the corresponding period, therefore the ability to
declare a beater dividend on a largely augmented capital
is satisfactory in the highest degree—more especially when
it is further wasidend that in the immediately preceding
half-year (always the more remunerative of the two) the
dividend was i per cent. lees than now earned. The Border
Union revenue Le slowly progressing. time being required
for removing obraroctiene at Carlisle and Gretna. The
daroagiog operation of the English and Scotch tnifilie
agreement, by which receipts to the amount of 50,0001.
per month are now placed in suspense at the railway clear-
ing house, must, in the opinion of the board, be legally
Meted. The directors state they cannot acquiesce in the
deduction that railways opened since the agreement was
executed me at liberty to carry the traffic but are not
entitled to participate in the proceeds. The directors refer
with satisfaction to the results of the parliamentary session.
All the bills promoted by the company were sanctioned
b vumarliament, the directors regretting the wet of
y was eo large. Some of the costa are charged to
capital, scene to revenue, some to the oontiogent amount.
In the latter is a sum of 3,7531., paid to the venous suf-
ferer, at Marton, wham, is May, 1862, part of a train left
the lima The directors, while refusing to admit legal
liability, brae endeavoured to alleviate, by reasonable
pecuniary compressive, the sufferiop of those who were per.
tonally injured by the &widest. The share capital 'Mho.
reed to be raised in bat session is : Border Union purposes,
500,0001.; Silloth and Belfast steam communication, 30,0001.;
games/eery route, 400 001.—total, 990,0001. Of this it is
retarded to all op about oratalf in the next twelve
mouths, hot the board advise the oreatiag of the whole of
the capital in 121. 10a shame, at 5 per cent per annum, in
perpetuity, to be allotted to preference and ordinary here
alike. The plan adopted is expected not to cause any en-
due strain on the resources of the company, the traffic
gossip* being steadily on the blerllllll6. and a considerable
mileage of railways from time to time, to come into active
and profitable operation. The Lawholate brawls is to be
completed in Doc. • 174 miles of the Berwickshire will be
operetta Oct.; the'ionction of the Wansbeek with the Border
C-ousties.will probably be accomplished in 1864 ; and the
Oalmbiels and Peebles to Inoarliethin on the let of July,
1864, and throughout by the let of January, 1865. Of the
Queeoglerry route the directors intend completing forth-
with about three miles, to consult their northern system
with the Charleston Railway, and thereby afford a
convenient shipping place for the Familia minerals. The
remaining works, the directors have no doubt, the
authorised capital will fully !office to complete, and have
a ooesiderable margin for improving existing acoommo-
dative. The growing trade of Silloth pate out the
neusmity for • • whereby ships resorting thither
may mgt, it is lateeded to spend 3.001. in the
erection of a repairing slip. A tug steamer ham been
placid there, and it is exported that regular steam cam-
musk:Mice *teem Silloth and other porta will be in-
creased. Sines the last meeting, the Hon. T. C.
chairman of the Inverness mad Perth Railway, has caned
to be a director of the North British, and Mr. Charlton, of
Healeyside, formerly chairman of the Border Counties
Railway, has been elected to the vacant seat. The
directors anticipate a considerable accemioe of
Mafia from the through opening of the Inverness
and Perth Railway. and will lose no opportunity
of cultivating friendly mistime. The railways of the
two companies, on completion of Queensferry, will farm the
most convenient and shortest route betimea Rdia Is end
the North of Scothed. A geoid swag of the Bader
Union section of shareholders will be PM immediately after
the general meeting, to enable them to am eat to the meal-
gansatioa of their capital with pert of the North British.

Photographs are simply the effect of light
on iodide of silver. Defects of manipulation bays bars re-
medied and perfection prince& lbw with Armful's
Magnetic Brae hos and Comte, which are now no porfastad that
they are unfailing in restoring cbs colour to gra law, and err
dicailig Um Hs of I e datum*: and armor haarladis,-
S.& are belmr inade.—Orkom
LINIIIIII.-{Adverlimali I