The Express.
London, England, 1863-08-20 00:00:00

DUBLIN AND BELFAST JUNCTION.

The half-yearly report of the directors states
that the amount received for pomace, sod goods traffic
and mail services during that period was 34.1911. Bs. 9d.,
being 487/. 10s. Id. in IMMs of the receipts from the same
sources during the correspooding half-year in 1862, 'bowie(
that the traffic of the line has been well manitained,
notwithstanding the depressed state of trade. The work-
ing expellees for the half year .mounted to 12,8201 9s. fld.,
just 37j per cast. of the revenue derived from
paseengers, goads, and mails. The average rate of the
oonipserh working expenses during the last 6ve year. ben
he.. 351. 17s. per mot. The total dooms of the coco9saY
far the half-year mounted to 35,501 L 13a 564, and We

total expenditure to 20.610 f. rm. Id., leaving 111 profit 14,89 V.
Bs, 4d., which with 4,558 f. 4s. 2,1. brought forward front
preceding account leaves at your disposal 19,4521. 12s. 6d.,
out of which the directors recommend a dividend at the
rata of 4 per cent per annum (tees income tax at the rate of
Bd. per pound), after raymett of which 1,851/. 13s. 9d. will
rentals to be carried to credit of account for the current
half year. Although deficient harveata and the protracted
struggle in America have during the last three years
seriously prejudiced commercial matters, and restricted
traffic and the development of railway resources, yet,
having in view the prospect of an early and abundant her.
vest, and estimatin it*beneficial effect on every interest,
your directors feel justified in recommending the rate of
dividend which they now propose. The traffic on the line
continues to be satisfactorily conducted. The locomotive
and rolling stock have been efficiently maintained, all re.
Tilsit* repairs and renewals having been effected.

METROPOLITAN RAILWAY.—The directors yester-
day resolved to recommend the shareholders to declare a
dividend on the ordinary shares of the company at the rate
of five per cent. per annum.
BRD4TOE AND EXETER RAILWAY.—The report
and emotions for the half-year ended June 30 bare put
been issued. The unite' account shows an incomes of
4,2101. in preform:ma stock, and a diminution in deben-
tures of 9,0221., making • net decresse of 4,8111. The
total capital is now 3,995,181. The avenge rate of interest
on debentures on June 30 Will 421 par cent. The deben-
tures which fell due in June last at 44 per cent. have been
paid off, sod the amounts were re-borrowed at 4 per teat.
The expenditure on capital account during the half-year
amounted to 14,8031. The reveone from all sources daring
the half-year has been 166,387/.. and the exproditure
W 3,9001., leaving a Wawa of 82,4871., oat of which has
been paid for debenture interest 19,1291.. and for preference
interest 21,313 f. ; making together 40,4421. ; leaving a dn.
posable boleros of 42,0451., out of which the directors
recommend a dividend at the rate of 4 per cent. per ammo'
leaving a balance of 1,598/. for the next acoonot. There
has been a net increase of 2.8391. in the reeeipts of the half-
year, as compared with the eorreepuding period of 1862,
while at the same time there has been a diminution in the
working expenses of 7.22.81.—the percentage of eremite
being reduced from 55•66 to 6011 of the receipt.. The
report of the engineer states that the line and works are in
• satisfactory condition. The capital account shows a total
receipt of 3.998,1861., of whieli • balance of 63,6671. re.
menu unexpended.
ilaititeoun, HAY, AND BRECON RAILWAY.—TIM
half-yearly meeting was held on Tuesday at the Aka is
Bridge-street, Weetminrter ; Mr. W. L Beaks in the their.
The report stated that the line was opened as fares Eardialey
for goods sod passengers, sod the returns, considering the
shortness of the interval and the local character of the
traffic, were am utisfactery se could be expected. The en.
gluier reported the forward state of the works between
Bardisley and Oldbury. The Mid-Wales Compaq were
vigorously proceeding with their works, and it was expected
that the communication between Olsabury and Wyllie
would be opened simultanemuily with that between Eaidis-
ley and Olashury, thus completing the route between Here-
ford sad Brecon, as well as Merthyr Tydfil. By the paw-
ing of the Brecon and Neath sad Breen Acta the line would
be practically extended to Llaadovery, end the narrow page
mom, of which it was the key, would be thus far com-
pletely authorised between Rumford and the ports of Neath
Swum, Llattelly, and Carmarthen. The menu of these
measures would render the railway self-sustaining u to
traffic. The total capital amounted to 289,0631., and there
was a balance of 3111. The meeting wee than adjourned
to the 2sth lost., to allow of the completion of certain nego.
tiatioes and agreements.