The Express.
London, England, 1863-02-24 00:00:00

RAILWAY INTELLIGENCE.

GREAT EASTERLY.

The report of the directors of this company states
that the total traffic receipts for the halfear ending the
31st of December lad amounted to 801,8181., and the ex-
penditure to 3623311„ leer's' • balance of 439,4881. From
this was deducted 319,763. for rents to Northers ard
F,astern sad other companies, interest°. guaranteed and pre-
ferenee stocks, end deferred immunise t way renewal charge,
leaving a Mimes of 119,7241. The capitals of all the com-
panies amalgamated now framed me, and were set forth in
their proper order. The balance above shown would, upon
the ;Wilting ordinary stock of the company, including the
Great &Mem A 'took, which espressnled the estimated ea-
pihsl of the Elliatell Unica Company, yield a dividend for the
half year at Aerate of 2,1. per met per annum. which would
amount to 102,4451., leaving • balance of 17,2791. ; but as it
was still uncertain whether any and what future iditios to
the ordinary stock might be awarded to the Feel Suffolk
Company, or whether any or what alterations would be
made in the fixed charges of the Eastern Union Com-
pany, the directors were not at present in a position to
do more than declare a dividend the payment of which
must be deferred until Captain Galton had made his award,
the balance being more than amply sufficient to meet those
contingencies. The directors Yost that the result of the
modifications they had introduced into the train services,
fares, arid charges would justify hereafter the ex-
tension of a policy which they had adopted alike
for the benefit of the public, the &dye/stage of
the shareholders, and la the hope of sectuirm for the
cosamay the support and confidence of all the kcal inte-
state. The directors bad felt that the general policy of the
amalgamated company should be to preserve friendly rela-
tions with all other companies, but not to give any special
or exclusive privilege' to particular parties, but to deal
i with all on equal and reemeabk terms, affording every pos.
Bible facility for traffic and for the forwarding of goods from
whatever source received. Up to the present time the
directors had been unable folly to give effect to this policy
in consecuseme of a special agreement with the Great
Northern R•ilway Company ; by this the company had been
bound to band over a large portion of the goods carried over
their line to that company at Peterborough. That agree-
ment, which was entered into in the year 1852 for • period
of 14 years, had given great diaaatiafactiou in the district,
had interrupted friendly relations with the London and
North-Western and the Midland Railway Companies, both
of which bad stations at Feterborofth, and bed mea-
-1 Mooed attempts to obtain independent access to the
Great Eastern district. The directors had been compelled
to propose • email extension from Cbatteris to Ramsey,
which wee ertimated to east 40.0001., and also to promote
a line from Marsh to Spalding, estimated to cost 110,0001.
Those measures became necessary in consequence of certain
proceedings adopted by the Great Northam Company. The
directors had determined upon an extension from the protest
station to Finsbury-ekes; and also upon an extension from
Enfield to Leedom, passing through Edmiston, Tottenham,
Stamford-hill, Stoke Newington, and all the crowded sub-
urbs in that direction. The estimated met was 1,200,0004
From the contemplated alterations and improvement, of
certain Mathias and the extension to Fimbury the directors
expect to save 30,0001. • year. With • view to encourage
the construction of useful branch lime by landowners sad
others, the company proposed to feed ooe-third of the capital
and to work the hoes when made for 50 per met of the
receipts. Thor espital account shows that 20,661,0274 had
been reoeived and 20,224.0721. expended, including 1,4 A 5404
created under the Amalgamation Act, leering a balance of
436,955/.