The Express.
London, England, 1857-12-25 00:00:00

TILE NSW BRUNSWICK AND CANADA RAIL-
WAY AND LAND COMPANY (LIMITED).

The report of the directory to be laid before the
emceed halt yearly meeting of shareholders, on Thursday,
the 31st Deoember, contains the following passages :
The directors have to congratulate the shareholders on
the opening of the line to the 40th mile, from Bt. Andrew*.
to Bieber Dam. This took place on the first of October hat,
when the train started with 600 parethgers, including severed
mothers of the provincial government and most of the leading
fondles In the district. The statements previously made
to the cheapness of construction have been fully borne
sat by aninvestigationot thatotal cost of the {Oaths norropsei.
The works are now being vigorously proceeded with up to
, the 60th mile; and the hosed have recently amthorieed the
grading of live mills more, so that, at the premed time, there
are 26 miles under contract. The thither gives a very fell
and elm description of the eater eke, sad from his detailed
estimate the cost will be as follows:—Grading, Wasting,
fencing, &c., at 1,6821. 10e. per mile, 42,0521.; ohs*.
'witches, freight, Maranon dr., will cost about 9351. per
mile, amounting to 23,3751. ; total, 65,4371., or 2,6171. 10s,
per mile. The survey of the remainder of the liar to Wm it.
stock has also been complete; sad, contrary to expectatiom,
the works turn out to be even more favourable than the pre-
' viols portions of the line. According to the detailed Wheats
the cost of this last portion of the line will be as follows
Clearing, grading, ting fthring, kc. including bridges,
1,3664 per mile; ratio, chairs, switches, freight, insurance,
ke., win oast about, 9351. per mile; total 2.8001. per mile.
There will only remain the branch to St. Stephen's, to be
completed when the line is finished to Woodstock ; and se,
in case of need, this besach can be limited to four miles,
through &country similar to the avenge character of the
trunk lino, the shareholders may many estimate the amount
to bedded to ascertain the coot of constructing the entire
railway. The directors are fully justified in stating that
although the line is being thus Inexpensively constricted,
the works have been well executed. In thin
the line ha. been pronounced one of the beet finished
America. The system adopted by your board of letting the
contracts in short lengths, so ma to reader large °entracte"'
unnecessary, has been found to work well. The rolling stook
already purchased by the company has one 6,0001. In re-
gard to a further supply, the cost of the additional quantity
of plant now required will amount to about 7,0001. more.
The New Brunswick government have shown their
satisfaction with the progress of the works,
transmitting 18,0001. on account of their stook
in the undertaking, and by granting to the cons-
pany 20,000 acres of land, which is now surveyed;
accompanied by an assurance that a farther grant will te
reads so soon as it is required by the company for the jar.
pose of settlement. The directors have reason to believe thee
• revenue will speedily be obtained from the sale of the lent
valuable portion of the timber on the company's land—the
manager, in a recent oommunicatim, having stated that he
could realise a profit of about 13,00 W. from the sale of
60,000 cords of firewood ; and that certain parties from the
United States had offered to contract fora million of sleepers
to be lent to Cubs, from which he can secure a further profit
of from 13,0001. to 14,0001. Arrangements are also in pro-
gram for disposing of the company's lands. It will be divided
into plots of from 50 to 100 acres each and, for a certain
amount to be agreed upon, settlers will be conveyed from
England direct to their own farms. The land will have
been hewed in and a frame holm erected for their
reception. The advantages thus offered, when compared to
the serious evils connected with the old system of emfgratioa,
cannot fail to induce emigrants to prefer this mods; sad
when It is considered that New Brunswick Is one of the
nearest colonies to England—that It possesses all the advan-
tages offered by Canada, with a milder climate—and that
the land Is contiguous to the railway, from which prodnes
an be sent to all parts of the world—there can be no
doubt that great numbers of emigrants will avail thinn-
ed's' of the privileges offered by this company.
There is not the slightest probability of any rival
scheme being carried out in New Brunswick, end
this railway will therefore be the great trunk
line of communication between this country and the Canada..
The bill introduced into the late session of parliament having
for its object the confirmed= of the transfer of the under-
taking and of the lands and expectancies to this company
received the royal assent on the 17th of August law. The
old St. Andrew's and Quebec Compang have expressed a de-
sire to amalgamate with s company ; and the directors
being of opinion that such en amalgamation would be mu-
tually advantageous., recommend that a joint bill for that
purpose be introduced into the next parliament. The ac-
counts have been made up to the 30th November last, and
show receipts amounting to 68,3681., of which 16,6001. hr
been received on government debentures, and the remainder
on deposit and calk. The payments have amounted to
65,6791., leaving a balance at bankers' of 2,8891. Them are
no contending accounts in the province."