The Express.
London, England, 1867-08-26 00:00:00

TAPP VILA

The following report has just been issued to the
proprietors of this railway:—The directors now present
to the proprietors their sixty-third half-yearly report,
together with a statement of accounts, and in doing su re-
gret that they abould have to call attention to • very con-
siderable deems* in the revenue, amounting to 15,5371.
12.. 5d., as compared with the income of the previous half-
year. The condition of the Dad trade hes not been
prosperous during the list six months: the cause is
probably to be ascribed to a
on generally depressed
condition on trade, consequent upon the financial
crisis of last year, as well as to • long con-
tinuance of bad weather. It is the great falling off in
this main source of traffic which has so affected the
revenue. The pressure on the general revenue account, by
the working charges and rent of the Pen nth Harbour,
Dock, and Railway, has been augmented, in consequence
also of a decreased revenue, arising probably from similar
causes. The balance of account enables your directors,
after placing the sum of Mt to the credit of the depre-
ciation fund, to recommend that a dividend at the rate of
8 per cent, per annum upon the ordinary stock and "C "
shares be payable on the sth September next, and
on the preference stock No. 1, payable as usual on the
Bth October next. These payments will leave a
balance of 491/. 10s. Id. to be carried forward
to the current half-year. The traffic on the Dare
Valley Railway is progressing favourably. Allusion was
made in the last report to the bills then impending in par-
liament affecting the interests of your undertaking : these
bills were carefully and sedulously watched, and with
satisfactory results. The board have to announce with
regret the decease of Mr. Edward Kenway, who, for a
period of upwards of 21 years, zealously and satisfactorily
discharged the duties of secretary to the company. A pro-
position will be made to the proprietors to vote some
asaistance in aid of the younger members of his family.
Mr. Thomas William Hill and Mr. Henry Jones Evans are
the directors who retire upon this occasion, and, being
eligible, offer themselves for re-election.

ALARMING RAILWAY Aocinx/rr.— The express
train due at Plymouth at midnight did not arrive until
two o'clock on Saturday morning in consequence of an
alarming accident which had occurred to it between Bath
and Bristol. When three or four miles from the latter
city, the passengers were alarmed by violent oscillations
arid bumptngs, and discovered that the foremost break
van, which immediately followed the engine and tender,
was off the line. Efforts were immediately made to at-
tract the attention of the driver, and these were at length
successful, as, after running about three-quarters of a
mile, the break van meanwhile ploughing up the perma-
nent way and shivering the transverse sleeper., the
train was brought to a standstill. It is very
fortunate tbatit brought up when if did, for the train
was just on the point of entering one of the
Bristol tunnels, and the van had by this time so far
diverged from the metals that the passengers concurred in
the belief that it must have come in contact with the
sides of the tunnel had it reached the entrance. As it was,
no one was hurt more than by the fright and shaking, Ma
after considerably delay the passengers were brought on
by special trains from Bristol to Exeter, and thence to
Plymouth. _ _

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