The Express.
London, England, 1861-02-16 00:00:00

LONDON AND BLACKWALL RAIL

The report of the directors to be presented ,
half-yearly general meeting of proprietors on 'Neale)
state, :—" That the total revenue amounts to
Is. and the total expenditure to 18,731/. I
leaving a net profit of 15,298/. 10s. 2d. Out of t
7.51491. 13... &L is required for interest, and the
27,7081. 16s. 6.1., is available for dividend, which
the directors to recommend the payment of a dia
the half-year, at the rate of 41. per cent. per anon
the cousolidated stock of the company. The prevalence
wet weather has been prejudicial to the growth of 0-
*eager Deltic, and a longer time than was antimpat
been required to c..unplete the works en progress
tended accommodation for goods traffic referred
lad report, no additional revenue has been derived:
source during the half.year. The Great Northern
Company are in possession of their new stations a
wall, adjoining the East and West India. Docks,
station at the Minories, hitherto used by the Great).
Railway Company and the lessees of the Victoria
jointly, has been surrendered to the former comp'sl
of the lessees having been trande,
their now station, on the north side of /
adjoining the tooled warehouses. The premises
wall, formerly used as workshops, have been given c
Midland Railivsly Company, and the Clay Cross
are in the occupation of their enlarged coal depot
well. Additional rents and interest will from this 1
derived from these arrangement. ; and the director
every rentideoce that their expectations of increased
in goods will be realised to a considerable extent
course of the preisent,year. Two new locomotive
of a more powerful ikecriptioo than those required
company's passenger trains, have been provided h.
goods traffic of the Great Northern and Midland Rail*,
and the cost has been charged to capital. In pursuance
the revolutions p mewl at the last meeting the shares in I
sew capital of 300,000/. were offered to the proprietors,
24,1 M shares, representing 157,0011. of the capital,
been up. In censequenoe of the depression in 0-
of the capital stock below the relative
which the Lew shares were issued, the
have not attempted to dispose of the remainder
share., and inasmuch as the capital subscribed is __
to execute the greater part of the works proposed.
coaling to the estimates given in the last report, 0
rectors are of opinion that it will be desirable to we
more favourable opportunity to place the unburned
and is the meantime to arrange with the hankers '
the repayment of their loan. If, however, it i
found necessary to issue the other therm at a
than 61. Ws. each, the directors consider that the
ton who have taken shares at 6/. 10s. should be
the same position as those who may take the
reduced price. Interest at the rate of six per
annum has accrued upon the deposit of 1!. 108.
paid on the new shares in September last, and it
divided anampt the holders of those shares. The
tors are doubtless aware that the North London
Coaipeny have introduced a bill into paella.
extend their railway from Kingsland to Liverpool,
the City. Considering that the North London
Company are bound by their contract with this
to balm all their London passenger traffic upon '
wall Railway, it was with much surprise that the
hoard of their design to establish another termit
City, and they cannot but regard this proceeding on
of the North London Railwa/rZpany el eyet
intention to commit a direct of contract, In
ing their traffic from the Fenchurch.street termini
contract between the companies extends to the
_yi
with power for other party to determine it in Ju
by giving six months' notice. Under these circui
otnakoef v mige,
tittlawyicowlnl
may be
of
for
rhe director
rzlicctoti the

Taervic Rartmxs.—The traffic returns
ways in the United Kingdom for the week ending
9th of February am noted to 4140,4501., and for the
neresAine week of last year to 477,8851.. showing r
cr,ase of 52,56.51. The gross receipts of the eight
bario their termini in the metropolis amo;
tar ; and for the corresponding week of _
197,aur., Aiming an increase of 8,7191. The increase
the Eastern Counties Railway amounted to
on the Great Northern to 1,7321.; on the Great
to 2,1441.; on the London and North-Western to 1,
the London, Brighton, and Smith Coast to 1,15t.1.,
London and Soeth•Western to 762!. ; and oo th
Leitrim to 78K—total, 6,722 t. But from this
deducted 31., the decrease oa the London and Blat
leae•iu the increase as above, 8,71 W. The receipts
ether lines in the United Kingdom amounted to
and for the . week of last year to
showing an increase of 8461., which, added t
crease ou the metropolitan 'nes, makes the total
32,585/., as compared with the corresponding wed