The Express.
London, England, 1848-11-06 00:00:00

in, Was Seen • full atatement of the t financial position
the sampany. The Wafter gifts the following app. oximate oats
mat :—The capital of the South Lavern Company, when all the
lines in wars of ealalnation are completed, and when all the .
liessalasff pests whale the eascony pones have been ezerc,Z4
le perag gumless be shoot 8.600.0001, With that capital Ss
1111111111169 NSW!' the iris Us to Dover. to pr. gum
gas end tho North Kent line to Om t0e:247464.*
sag ggiggeg• eel Imam to Maldeteett, TunbridgeUs:
izeig-tiii• bleignig. end Fothatooe Herbour, together with •
bran& Nee sod 'teem et the Bricklayer.' Arena, a line trona Aided
to Heidime, god Iles Greenwich Railway, cornpridart e
ezi
▪ alaellna Ilan efratlway. at an average coro ofaberAgg,o4..tus.
▪ pealmedwaskal of the maven, is Sada into leer segeteir.
glad Iwo las seated at various times for the pusses of the lies
while one rioneervited sad being worked, and which yield the preset
oreenno sf M The following to an saris of these kir
Shane 28,001:1, at 501. each, 1.400,0001.;
=alp& Modcapital : Shares 20.000, at 296, but gttkit
cast se 601,1,400,0006; net 700,00111. Third capital : Shares 28,000,
et 244 672,0006 • paid up in edema of collar 49,990k-7269606
Werth capital : Shares 42,000 at 821, 924,0 Of. • paid up, I,2(GL_
ge•goel Total, 3,302,26 ; which Is the acttial meant ft cash
Newt into the ea. Soiree of the company on account of
the man line, or lion now in working ; to which is to
ha added 050,0006 of loans en ,klaw a total of 4,3.51,2.36 for the
oastructed lines. It will be obeefted that in the ant tiro espial,
we have put down two amount e. The larger nun a the necoinal
assent of capital, and the &mailer the actual mph 'welted by the
company. The second capital wu eroded at 506 per cent. diamunt.
The make one and two capitals hate all been aided ; but on
the third capital there remain, 61. per not, to be called iv-224,0026
and l 11. 6s. Bd. on the number four c pita!, or 4,7,011 1.; being t
ge•her 700,0001, which wilt, or tourer, gu in liquidation et the boa%
dean, and salsa, therefore, be added to the capital as Aare stated.
The result of Ma find statement, then, will Sow that the net
amount of cash capital upon which dividend to laid in 3,302,2694,
and that ultimately, when the bond debt is pad off, or capitalised, It
will he 4,332,2636 s chargeable utsan the revenue frau the lines now
in working. We think ilia nothing can be clearer than the elate.
went, and we now come to the unproductive capital, which comas
a two capitals, called in the company's tookr, the flith and ship
capitals or, as we, for the sake of distinction wit, term them,
the One and second of unproductive cipetal.—hat capita: Share%
31,300, at 251., 787,5u06 Sound capital: Hares, MOM", at fa. la„
9,493,7506, making a total 01 3,201,2201. of unprudactice capital,
which will come In for dividend when all the lines at present it
course of construction are completed. There will thou, doubtless, be
some further capital rased soft slating power. which the anthem
poses. and which have not been eakatund, which will Sagas
total share capital, when the account is closed, to about the seam
inentkaed, namely 3,500,00n6, to be charged upon revenue.
sow in working are the flutings lines and the Greenwich Railway,
for the fall development of which It must be borne in mind fire ye',
will vet he given, because Oa whole of that gross capital Si ace
conats to dividend until the year 1893.
RAILWAY RECEIPT* —The it elipit on the leading Hogg
of raitway still continue much higher than in the c rreependiag
period of last year. in the more 'striving in the care .7 the
week ending on Saturday the 29th ult., laccause it not only mad
inmost:4ly during n, at iy all the week, but in several instances the
traffic on tha branch lines was seriously. interfered with, ouinF a
three branches being under water. The merest to the York, New.
caste, and Berwick line, as compared with the corresponding welt
of Intl, was nearly tad. • on the London and North. Western, r 406;
on the Great Weaken 1:44 01.; s.n the londni and sonth.Westerst
1,2506 ; on the London and Beason, 0012. ' • on the Eastern Count*
1,502.; and on the Lancaster and Cullale, 7501.