The Express.
London, England, 1855-02-22 00:00:00

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pram", way corn, and of the outlay upon the line
access', km bees spplird rather to te.constth, o•ri 1. •n to
eitimary repair, and might then fore per hap, •shout
im-
pippriety, have been charged to wefts!, hot the i*.irtc•ore
were reluctant to adopt this C,UTS(P, std iu Eh,. thst
the 'spectre of tto nrst loth or three years will c corm,
tienally reduced by the smite which have tows d Lt citc.st
upon the last hiltless', they have preferred to carry to s
Illearlal• Selma the two sums of 9481. 3.. 3d. for permanent
way stores, and 10,5361. 16s. for maintenance of works,
aiskiog together the sum of 11 1681 19s. 31. to be spread
OM
as many future hall%)eurs so the propoitonite per
(restage of reteipts and supposes may justify. The dispel'•
Dle beonce of the penerol revenue Reeount, including the
um
of 4.1021. 120. 11. brought over from the previous Mat-
ra? (Ism the sum of 3,0001. written off towsele the cost of
tbe Devon and D treat bill), Is 65,3771. 180. 10.1., which
will provide for a dividend of 41j per cent per annum, or
21 per cent for the half-year, en your 2.01)0,0001. of conso-
lidated stock, and levee a surplus of 8,3771.101. Oat
adds surplus your directors propose w you to write off the
mum of 5,0001. to the credit of the suspense exhaust of the
Devon tad Dorset bill.

GREAT SOUTHERN AND WESTERN
(IRELAND).

The following the directors' report to be submitted at
the hat( yearly meeting on Strurday neat. Total receipts
for the bell-year ending Dm. 31,1854, 153,978/. ; ditto, for
the half•year end.ng Dec. 31, 1853, 162,0351. ; decrease,
11,0681. The cl.,t :ant &remota show a satisfactory Inagua
in the goods add rattle traffic. In passengen there has been
a donnas on the half-year ; but when it is taken into 006.
sideration that the cearespoading period of last year iacluded
the whole of the ezeursion trees" of the Brhibition year,
sad that on the year of 1864, compared with 16;3, the de-
UMW in the entire receipts amounts to only 2,006:., then is
ample proof o, Ito steady Litmus in the legitanate traffic
the line in all its brunches. It eppears from the revenue
account that there ta au available surplus of 67,0581,
oat of which sons the directors recommend that a dividend
be paid at the rate of 41. per cent. per annum, free of
thews tan. There will then remain a balance of 7,0581.,
3,0001. of which they crows adding to tbefeserve fund, and
earning the remainder (4,0680 to the credit of
the neat half year's account. The directors have felt
it their duty to make an addition to the company's charges
for peg/lagers and goods. The advancea state of the tun-
nel and terminal works at Curk will enable the line to be
opened to Penrose quay early in the ensuing summer. On
the oompletion of them important works the large capital
expended thereon, hitherto unproductive, will become re-
munerative. Sines the last half yearly meeting the
directors Inee effected an arrangement with the
Midland Great Western Railway Company for the
parches, of portions of the Grand Canal. To afford
time, however, for carrying out this agreement a temporary
arrangement has been eatered into, by wheth all grounds
for opposition between the two companies have bean re-
moved.