The Express.
London, England, 1860-02-20 00:00:00

EASTIBR COUNTIES RAILWAY.

The hag-yearly report of the direetorm of this
"May has pet been issued.
revenne amount kr the half-year exhibik an increase
of 11,9281. Oe. 64.; the receipts being 697,3081. 7e. 104.' as
*Masai 686.3801. 7e. 44. for the corresponding period of
1868. Although by the opening of the haat Suffolk Rail-
ways (the receipts of which form no part of the revenue of
the Eastern Cousties Company), a new route tote been
=to Yarmouth end Lowestoft, and a parallel line rem
h • considerate portion of the territory of this com-
peep, lour receipts have not suffered any diminnhos,
bet show a considerable Morena in the half-year no
ciestreeted with the corresponding period of 1858.
The expenditure on the capital account, for additions to
stations and sidings, and other permanent requirements for
the oondnot of the traffic, amounts to 9,8901. 12.. 74. for the
half-year. In their report of December, 1867, the directors
rioted out to the proprietors the necessity of providing roll-
ing meek for the endue of the traffic on the Best Suffolk
Railways, so soca as those lines were opened. This event
took piece on the Ist of June, 1869, and 10 locomotive th-
eses, 10 Met elan carriages, and 130 waggon' have bees
plaited on that Hee at • oust of 34,6601.,which sum is chugal
In this half-year's accounts to capital as an addition
to the waking stock. The length of the Rut Suf-
folk and the Ipswich and Woodbridge lines is 721 miles,
and • further outlay on capital segment wi I be Decal-
eery before thoee lines are fully provided with rolling mock.
The company bee. for some time past, worked the Wells and
Fakeshem line 10 miles ; and, jointly with the Greet
Northern Railway Company, the Wein' and Hertford line
71 mdse—together 171 miles—without any sum having
been charged to capital account for additional plant.
The result of the undertaking as regards the Distant
Counties Company is, that there is • net sum applicable as
revenue (ef et deducting the working expenses. which
amount to rather leas than 46psr oses.)ol 347.3221. lls. 6d.;
less interest on guaranteesend loan. 141,6841. 18c 91., and
reserve for bad and doubtful debts, 6 0001., etnoustit g together
to 146,6841. 18a 9d. ; the balance !being 100,7371. 12.. Bd. ;
add sum carried over alter paying tine dividend, 1869,
4,6911. 14s. 9d. • deduct on account of deferred permanent
way moon&' 4,0001. • the result is, that a sum is left of
101,3291. 75.6 d. available for dividend ; and as, intim epinion
of the directory, every charge has been trougbt &genet the
revenue account, which properly belongs to it, they have
declared • dividend of 11. lie. OL per cent. for the half-year,
being after the rate of 81. 7s. 64. per cent. per apnoea
as the ordiemuy share espied of the company hich will
obserit 98,4481. Is. Hit, leaving a balance of 213881. Se. 7d.
to he canted forward to the succeeding half-year. The
workies expenses for the half•yeer are 461. 17.61. i
MIL . haiku; the same es for the corresponding
of 1868. The permanent way and works orations to
be maintataa in a very eatisfectory manner. The expendi-
ture for the half-year has been 683061. 15s. lid., being
at the rate of 1881. 14e. per mile per imam. The
'Denotative department is in • eatisisetory condition.
Iscdnded is the expenditure charged to revenue for
Mrs half-yea, le a sum of 6,0001. paid for new engines.
With reference to the deferred rearmament way account.
dace June, 1866, the sum of 86,000!. ha been debited to
means on this account, being at the rate of about 28,0001.
per MISR for three consecutive years. This snow ha
bees so charged in oddities to the sum which has been
debited to the current revenue for the maintenance tepair
sad renewal of the lines, which for the same period has;
amounted to 338,6671. Os. 9d. The directors are of opinios
diet the time bee come when there should be some reduction
of the amouet senually charged to the meow in respect of
the aimed permanent way sexeent, as one of the principal
objects sought has been obtained, via., that of placing the
oompsny la a mead position ea to its audit. And the direc-
tors an of opiates that this debt might now safely be spread
over a ettereethat longer period than formerly intended, sad
they propose that 70001. a year should be set apart to that
purpose, via., 4,001.4 at the imber half-year, and 3,0004
at the Inas half year, which principle ham tem
tol-
lewed la this balfyear's esioants. Two of our dotal,"
via., Horatio Love. Req., sad James Heq.. re-
die by astaelea; end hang eligible, offer thaw:veil for re-
elmitios. David Wwbffsegess, Rae., and Georg* Getable,
Zoe , lave intimmated their lateatiun of offer* themselves
ameditietes fir Se &maw