The Express.
London, England, 1860-08-24 00:00:00

SOUTH EASTERN RAILWAY.

The report of the directors to be presented at the
half-yearly meeting on Thursday next states that the
revenue of the company for the half-year ending the 31st
of July last Wade an increase of 38,5311. lfa. Id. ; the
gross receipts for that period having been 563,4501. 14a. IL,
se compared with 524,9181. 19a. in the onereeponding six
mouths of 1850. The statement of expenditure on menus
account shows that the ordinary working expenses daring
the half-year amounted to 213,0241. 17a 6d. • the robs,
taxes, tolls, and government duty to 33,6421 2e. 3d. ;
and the working of the steam-racket service to
18,021:11. 19s. 11d. After providing for the fixed
in respect of rents, interest, annuities, preference
dividends, hc., there remains a net Miasma of 175.8271. lle.
available for dividend on the ordinary consolidated stock of
the compeny. A dividend of 1411. per 301. stock, or at the
rate of M. 13s. 4d. per cent. per annum, will absorb a rum
of 173,4531., leaving a balance to be carried forward o-
-2,3741. Ds., and this rate of dividend the directors reseed
mend to be paid on Thursday, the 6th day o
September next. The receipts and expenditure for
the half-year, and their result, as compared with
the corresponding period of 1859, are as follows :
Receipts. -Paasenger traffic, including mails, parcels, he,
4433,0121. Ba. 10d. ; usermae, 22,9211. ss. 3d. Merchandise
traffic, including minerals and cattle, 125,596/. ha sd. ;
increme, 15,3481. 12*. 3d. Steamboat., 24,006/. Bs. 3d. ; in-
crease, 1,0741. 6s. 10d. Rents, Sic., 10,8351. lls. Bd. ; de-
crease, 8121. 9a. 2d. Ores receipts'. 563,4501. 14a. 2d. ;
increase, 385311. 15a. 2d. Working expenses and other
deductions (see expenditure), 270,785(. 1.25. 9d. ; increase,
19,9841. 17s. Net receipts for the half-year, 292,6651.
ls. sd. ; increase, 18,5461. 18s. 2d. tun.-OnExiendi
boarenotive power, 57,487/. 12s. •, ' 978/. 7a. 10d. ;
on amigo and waggon males, 19,8051.1 ld. ; decrease,
3981. 14. 91 ; at war and works, 51,1301. 16s. 3d. ; in
creme, 12,7371. L. • on sisambeata, 16,0201. 19s. 11d. ; in-
crease, 1,6611. Bs. Si ; on inesimw and merchandise ex-
penses, 06,9601.8.. fal. • iniannsa.M.l.l. 6a. 7d. On canard
charges (including puires=ao:2o4/. Hs. 4d. ; M-
amas, 6421. 3a. 2d. On &a, 5,5241. 7s. &L ;
diereses, 1,6661. Os. 3d. Oa swessossat ditty, 17,7.001. 13e.
lid. ; is cease, 9921. la. IL (ha rates, des, and
tolls, 19,9111. Bs. 7d. ; dosser 3161. 14e. 11d.
270,7861. 12a. 9d. • net form" 19,984 i. 17s. There
has been an increase in all dmintlimme of passenger
traffic duties the half-year. The boom Is the
has been 418,990, and ha the reeeipas %Ilk, shotiiii.gi"C
the pasperous state of Om enderteldai continues to be
mainly attributable ea Ye sieralopmeal of the local traffic
for shod disimore. A$ Ye Noe time the receipts for
=I& Mitibiainkg tattle have been fully main-
=performed birth.
WaVaimati Pen sorestoinend regularity.
padorais nese dr kraw wa lerromia lie for parcels and
for thehisesr bights to the increased
intensities Were= Frames eel arising from the
ocean dal testy recently seta ; aid the latter to the
service of mail trains required by the Poet-office.
'r li.ettrs quote a purge from the last report of the
Postmaster. General, ea to the efficient manner in which this
service is performed. There are now four two-hour mail
tnins, two each way, running between London and Dover
dilly excepting Sundays ; end the service continues to be
satisfactorily performed. The only coaliderable item of de
mere in the receipt, for the half-year has been in the
amount receive' for the conveyance of bullion between
Ingkod and the continent, this description of traffic being
of an exceptional character, and entirely governed by
the state of the money market. The merchandise,
coal, and cattle traffic of the railway continues
to make satisfactory progress, sa compared with
the corresponding periods or the two previous years.
The Oxlips' increase has been in general or local mer-
chandise traffic ; but there has also been an increase in the
. .

continental merchandise, which the direct Ors trust may ex-
hibit a still further improvement in futon years under the
operation of the commercial treaty. There has been as in-
crease of 2,57 W. 12a. I.d. in the charge for locomotive
power and maintenance of rolling stock, arising principally
from the additional number of miles (169,305) run during
the half-year, in order to give proper accommodation to the
above increase of traffic. The ring stock has meanwhile
been fully maintained ; the older carriags hen been
gradually replaced by vehicles of a better dascriptaq and
the whole pamenger-carrying stock of the company has been
considerably improved in character during the last few
years. There has been an increase of 11,7271. Ia in the
charge against revenue for repairs and renewal of the road
and works. Twenty-one miles of single line have been re-
laid with new materials ; extensive repairs have been carried
oat at various stations ; timber structuna have been re-built,
where necessary, with permanent materials, and the condi-
tion of the way and works has there been materially improved.
The outlay on capital menet during the half-year has
been 115,941., leis 7,436/., the amount realised by the sale
of surplus lands. The principal items of expenditure have
been on account of the new hop and grain warehouses is
course of erecting at Bricklayers' Arms, additions to Can-
terbury station, new carriages sad (39,035/. 19e. 9d.),
sad calls paid on account of the aring-cruss Railway
(60,0000. The expenditure on these several accounts has
already remind the sanction of the proprietors. To
provide for the proper accommodation of the increasing
traffic the directors have to request the sanction of the
proprietors to the following further expenditure on capital
amount : Additions to Merstharo, His Dorking, capital
kingham, Rt. Leonard's, Ilya°, and other stationa, 5,0001. ;
additions to Dartford statico, 1,5621. ; approaches to
Snood station, 1,4161. ; goods shed at North Camp, Alder-
shot, do., 2,0001. ; College station, 1,500.. ;
Reading station, 3,0004. ; new sidings for carriages at lkick-
layers' Arms station, 2,0001. ; tools for locomotive work-
shops at Ashford, 9151. ; fifty coal waggons for locomotive
department. 4,0001. - fifteen brake sans, 2,4001 The di-
rectors have bad under their further consideration the sub-
ject of the extension to Charing-cross, the early construc-
tion of which as a line valuable for local purposes, as well
as for the completion of a through route between the
South-Fasteni districts and the North and Wert of Eng-
land, is alike called for by the requirement, of the public
and necessary for protecting the intoned, of the company.
With regard to the working agreement with the Charing-
cross Company, the directors have thought it
right to take no further steps until the de-
termination of parliament with regard to schemes
promoted by other companies should be ewer-
Wiled. The sancti • of the extension of the London,
Chatham, and Dover Railway to Farringdon-street ap-
peals to the directors to render it necoaary that some fur-
ther rapport should be given by this company to the
Charing-cross Company, with a view of enabling that com-
pany to complete their railway and tertnintu at the what
=zonariod. Applisaions have been received from the
hoard with reference to the capital of the
undertaking remaining unouliscrited, and the opportunity
thus occurs of increasing this company's interest in that
concern. Under three otrommtanoss, the directors recom-
mend that they be authorised towbscribe a further sum
towards the coiutruction of the Charing-cross Railway, ap-
plying to parliament, if necessary, for the requisite powers
to give effect to such subscription, and that, to the mean-
time, they be empowered to adopt all such steps an may be
expedient to carry forward the works to completion at the
earliest practicable period. The directors have had under
their consideration the most secure method of transmitting
the half-yearly dividends to the proprieton ; and have re-
solved, for the future, to issue all dividend warrants crowed
except in those cases in which the proprietors may request
the secretary, by letter, to issue them uncrossed at their owe
risk ; and such practice will accordingly be adopted from this
, data.

Timms Ham( Doer COMPANT.—The half
yearly meeting of the shareholders of thin commpany win
held yeeterday, at 4, Royal Exchange-buildings; r. Lowden
in the chair. The chairman, in moving the adoption of the
reportl said as they were all aware of the poei•
Sion of the is bray it would be sonecesaary for
him to make many observation'. The directors
had done all they could to improve the position of
the company. Before the undertaking could be diseolved
it was necessary at the expiration of their powers to go to
parliament for that purpose, and with that view the direc-
tors had exercised great economy.; the only debt that the
company owed was a sum of 15W. It was ao use cot=
the compapy as it would take mosey out of theshare
pockets. Mr. Rieke= (one of the directors), in
the adoption of the report, said that in the Present state
opinion it was vain to think of prococtliug with the objects
of this company untill the government had settled the goer
lion of the defences required for the port of London. The
report warn thee adopted, and the meeting separated with a
va4o of thanks to the chairman.
Osumi PaLaca. —Oars Suna.mo Day.
TIIIIIIODAT, Annear XL—Admissions oa payment, 7,312 ;
ditto by sans Whets. 1,386 ; %gal viation, 8,707.