The Express.
London, England, 1867-02-18 00:00:00

NORTH LONDON.

The directors have to report that the traffic
receipts for the past half-year, as shown by the accom-
panying statement of accounts, amount to 144,8091., as
compared with 109,785/., for the corresponding period of
the previous year. The passenger traffic on the present
occasion includes the receipts for six months on the City
Extension line, as against two months only in the cor-
responding half-year of 1865. In the merchandise traffic
there is • slight decrease, attributable to a falling off in
the traffic to Hayden-square station, which was considera-
bly damaged by a fire in September last, and is not yet
fully reinstated. In the mineral traffic there is a green
increase of 4,6801. The working expenses, on the other
hand, also exhibit a considerable increase, arising in a
great measure from the introduction in the accounts for
the past half-year, of the expenses for six months in
respect of the City Extension line. Some additionalout-
lay has been found necessary on the permanent way, works,
and stations on the old line. The general charges
are increased by the expense of the ticket-sorting
office, now transferred from the traffic to the audit
department, and by payments for compensation
rrespect of accidents which have unhappily oe-
d during the past half-year. A veil' considerable
increase has also taken place in rates and taxes,
and duty on passenger traffic ; the former arising in par;
from the assessment of the City Extension line on the
rateable value of property destroyed by the railway works,
and from a general re-valuation of property traversed by
the old line. Taking into account the special items above
referred to, the working expenses will be found to be about
the same per centsge of the receipts as in former years.
The general result, after payment of debenture interest, is
an available balance to the credit of revenue of 59,0321.
2s. 2d. In pursuance of the terms of issue of the prefer-
ence stock, the holders are entitled on the present occasion
to abate rateably the net receipts over and above the sum
required to pay a dividend at the rate of 5) per cent. on
the ordinary share capital. The directors therefore recom-
mend the declaration of dividends for the half-year as
under :—On the preference stock, 2 per cent. (making for
the 12 months, 4 per cent.) ; on the ordinary stock and
share capital, 24 per cent. (making for the 12 months, 54
per cent.) ; leaving •• balance of 557/. 2s. 2.1. to be carries
forward to the current half-year. It must be borne in mind
that the revenue of the company is now charged with divi-
dend on the whole amount of capital expended on the
City Extension line, and in the purchase of lands for
widening the old line between Camden and Kingsland, in
anticipation of the goods traffic of the London and North
Western Company ,to and from their City terminus, which
is not yet completed; from this source therefore no in-
come has as yet been obtained. Having regard to the in-
creasing requirements of the passenger traffic, the direc-
, tors deem it desirable to make provision for two additional
lines of rails between Camden and Kingsland, instead of
I one line as originally contemplated ; and to secure the
additional lands required for an further widening of the
City Extension line which may hereafter be found neces-
sary. It is also proposed to construct a short junction be-
tween this company's line at Bow and the London,Tilbury,
and Southend Railway at Bromley to facilitate the inter
change of traffic hitherto greatly interrupted by the diffi-
culties of the route by way of Stratford. A bill has been
introduced into parliament for the above objects, and
other purposes of the company, and will in due course be
laid before the proprietors. A resolution will be sub-
mitted to authorise the conversion into stock of the 101.
share capital, created under the company's City Branch
Act of 1861, and the Widening Act of 1861, the full
amount of which has now been called up.

INDIA AND CHINA MAIM—SUEZ, FEB. 16.
The Surat, from Calcutta, arrived at 8 a.m. to-day.
Malta, Feb. 17.—The Poonah, from Southampton Feb. 4,
and Gibraltar, 12, arrived at midnight yesterday, and left
at 8 a.m. to-day for Alexandria. The Mauilia, from Mar-
seilles I:ith inst., arrived yesterday at 8 a.m., and left at
4 p.m. for Alexandria. The Poonah will return with the
Marseillesrtion of the mail ex Surat, and the Mitsidlia
with that fur Southampton.
DH BANAT'S DELICIOUS REVALZIITA ANABICIA
FWD cures dyspepsia, indigestion. 0008 h asthma, consum. Pt".
debility, constipation, diarrhoea, palpitation, nervous. tituouA
liver, and stomach complaint& Cure No. 611,413.—" Some, July
li, 1866.—The health at the Holy Father is excellent, ea=.ll/1
since, abandoning all other remedies, be has confined
sotarely to Do Barry's Food, and his Holiness cannot prudes
this eaceLlent food too highly."—Gasette du Midi Du Barry and
CO.. No. 77, Harem-Meet, London, W. In tins, at Is. 10-i
lib., ft. Pd. labs., Its. falba. 406.—lAdverlimensint.1