The Express.
London, England, 1868-08-20 00:00:00

SOUTH E.ISTER.V.

The report of the directors states that the gross
receipts exhibit an increase over the first half of last
year of 12,769/. Be. lid., while the total working expenses
at the same time show a decrease of 8,796/. Os. 3d. as
compared with the corresponding period of 1867. After
providing for all outgoings, as well as dividend and in-
terest on all loan and preferential capital, there remains
99,097/. 4s. Bd. ; but from this sum have been deducted
the court of repairing the damage to the Charing-cross sta-
tion by fire in February, and the parliamentary costs
paid for the Fusion Bill of the pot session, thus re-
ducing the available balance to 90,4141. 7s. Bd.
A dividend at the rate of 2/. be par cent. per
annum would absorb a sum of 86,909/. 195., which,
taken from the above amount, will leave a balance of
4,504/. 80. Bd. the expenditure in the half-year on the
construction of the new station on the Charing-erase
line at Waterloo-road has been 3,9681. 7s. There has
been an increase in the total number of n con-
veyed of 293,626, and the amount receiv for sir con-
vof 21,665/. 8/1. M. There has been an increase of
625 in the number of passengers carried, and 21,5651.
Bs. sd. in the amount received, notwithstanding the addi-
tional earnings derived from the Exhibition at Paris in
the corresponding period of last year. In the merchan-
dise traffic there has been an increase in the receipts, as
compared with the year 1867, of 3,633/. 3e. &l.,whialt awn
Las been earned at the small increased expenditure of
1571. In the working expenses, on the whole expenditure
there has been a diminution of 8,796/. Os. 3d. The dimi-
nution in the number of passengers conveyed by the
steamships, as compared with 1867, is attributable to the
opening of the line between Calais and Boulogne, and to
the akence of the Paris Exhibition traffic. In accord-
ance with the powers given to them by the resolution of
May 16, 1867, the directors have created 4,359,263/. of de-
benture stock, to be used iu the extinction of the old bond
debt as such falls due ; and they have allotted to the
holders of original stock, debenture stock at par amount-
ing to 3,818,4401., of which 3,294,350/. has been taken up.
255,000/. has been issued to capitalists, who joined in
guaranteeing the issue, and also 28,6001. to ,hers (not
directors) entitled to a n allotment ; thus 3,677,850/.
out of 4,369,2631. created, has been issued. The directors
have offered the remaining amount to the debenture and
preference stockholders, as well as to the holders of con-
solidated stock, at a premium of ten per cent. The
directors propose to appropriate the premiums on this
stock ex it is disposed of by them to the reduction of the
sapital account.

CORK AND BANDON RAILWAY.—The report of
the directors shows a deficiency of 289/. Ile. 4d. iu the
tveffic receipts as compared with the corresponding period
of last year, which is attributed to the general depression
of trade throughout the country.
GOVERNMENT CON-TRACT FOR Rum.—Tile Admi-
ralty has accepted the following tenders for the delivery
of ram to Deptford Dockyard within the next three
weeks:—Henry White and Co., 37,800 gallons; T.
Lowndes and Co., 15,000—total, 52.800 gallons.
An inmate of Lan caster Asylum has drowned
himself in a brook 11 inc Les deep. He was only out of
the keeper's sight for five minutes, and was found lying
facie downwards in the shallow stream, quite dead.
INTERESTING CEREMONIAL AT A WELL.—The
rector of West Toft (the Rev. Mr. Sutton) has met the
recent scarcity of water by dig a well in the village,
and presenting it to his parishioners in an interesting
ceremony. Om the well a pretty pump-house is being
built. It will be 20 feet high, and is to be surmounted by
a creak Three large Gothic windows will be the chief
features of the structure, which is to be flint, with stone
and white brick dressings. The foundation-stone was
laid by the rector's daughter. after a special service in the
pariah church, and a procession thence to the well.
For 30 years Horniman and Co. have co-operated
threoglb
et aseata, to supply tea Go sae advaatageoue teems than
/0 IR* ery channel ; thete tea ~lee the Coed la she
same eine stem am It leaves the power, as it Is seemed to weeketa •-L‘Seertisunent.l