The Express.
London, England, 1857-08-22 00:00:00

ROUTH WALES RAILWAY.

The half-yearly meeting of this company was held
yesterday at the brad Welters 110411, ; Mr.
C. R. M. Tm.suir, M.l'., in the chair.
The " statement of &crowds' denrol that the teethe re.
oript. during the half-year ending the 30th of June toot
anionnted to 170,0671. 6s. 4d., end the expenses to 102.4771.
lie. 6d. The receipts this year are =wain! by 19,29.11.
9.. 6d., end the expense. by 16,9761. Ile. 3.1. The increase
M the receipt. arw chiefly under the head of goods traffic...
The incream in the 'melons expenses tsetse In the charge.
fair rolling .toot, and under the heads of carrying account
• said general charges. A considerable increase occurs abei in
the carman dung the last half-year of maintenance end
repair of waggon neck belonging to the &nth Weirs Rail-
tiny Company. and a consequent diminution is noised in the
balance available for distribution among the proprietors.
The bassos of Ai,2471. 17s. 2d. will admit of the payment
of • dividend for the half-year upon the ordinary stock (after
providing for the dividends on the preference stock and
...hares) at the rate of 31 per cent. per annum, leaving a
balance of 1,2091. 4.. fel. to be ;carried forward to the next

aNe:t.

half-year. -
Of the expenditure of tepid' during the half-year, amount-
ing to 106,699 i. id 10d., about 66,000 f. haa been expended
in-
the laying of the second line of rails between Carmarthen
and Milford Hawn. 'llia work ham been completed, and the
boo was opened for traffic. on the lot July lad.
The trait between Milford Haven end Waterford con-
tinues to prudes satiefactorily. By the intablishment of a
foot and powerful vessel of 1,400 tons, Cork and Water-
ford are brought within ten and eight hours distance re-
nicetively of Milford Haven. Stemmer; now run from
Milford Haven to Waterford on every Tuesday, Thur.-
day, and Saturday, ',turning on Monday' Wednesday. and
Friday ; and to Cork on Wednesday and Saturday, return-
ing on Tuesday and Friday.
The engineer's report Maud that npoa the whole line the
old permanent way hen Mood remarkably well and is in
excellent order, and the works generally are In a good and
eatiafactory condition.
The Clt A I ItM os, in moving the adoption of the re
' said that ho was terry that on thin occasion it had en
I found neveosary to reduce the dividend from 4 per rent., de-
-1 deed lest half year to 31 per cent. per annum. The pre-
views would not be at any lose to account for this diminu-
tion, bounds they had nothing to du but to turn to the m-
inuets, where they would find that the total working ex-
meont of the company amounted to more than 00 per rent.,
Me charge for the supply of rolling stock (under Sir W.
Cubitt's award) by the Great Western Company being
36 w cent.—Ortar, hear)—eo that the South Wales
teethe, which should be carried on more cheaply than
tied of any railway In the kingdom, cod peobably
mom In its working than that of any of our railways.
He mold may much to the shareholders as to the development
diked teethe, which no doubt the shareholders would have
observed had yielded some 0,0001. during the last week. It
was too frequently the complaint of railway proprietors that
en augmoetation of receipts was generally aeoompaaied by a
diminution of dividend, and therefore it would be well be
investigaile whether the increase of receipts on the South
Weiss Imes was likely to produce a diminutios of net profit.
lose Massif he would nay he had ao fear of sock a
memo He thought the development of their truffle
wan sound and progressive ; their line pissed
a large manufacturing diatrict, and now that itteut
010110Cti011 with Ireland he felt that the teethe wee
likely to Le incensed to a considerable extent He had
tweedy elided the port of Waterford, and gone over the
Waterford and Limerick See, and it would be well worthy
the time and trouble of any shareholder to peas over it in
eider to see the wonderful fertility of the diateidifteinwldeh,
an doubt, looking at _ the steam rmememen lalleseen
Waterford and Milford Hama, the Sofia Vohs Chrepessy
would derive edmidendde dewlaps. It MI right he
should slides thst4:ivishril ihsv too Iris alopetit ion
with other pcieleme el scons hor teak Maw that the
elided do MO Pon col luria would
come visa 11.111 dm line. Thor ewes thne
at tor Aram maw to Loren. err there
was eseepedden both at Liverpool and Drina ; these-
the South Wiles Compaay) maid not hope to
the lode between Leedom and Waterford.
TWmmestlrsdred in marein Use Barlow rails was
mie elrillitamblem of dielistel. This would cost a
einefladiel that the arks would have to be
=evems. This lidos, rail had not been
. M belleildeMel en the Great Western
WS. I hat it lei oil sr owed mem the amend-
leg aml d ihs Ida Woks lir The
Maim war aire arslintha ihs cold vitiali
Isedre d Iry vide try It ea vitro IL
ilk
amas
Mt° ir=rtits vril Fres ens
Illa dolma
art mod stsglis mei if aped eel
, ittelisa bola boa
1 A discroisa id sons 14,issita vim urea do doles-
WIN, ef hears)
to the dr surd ari ressurcs •
' rah sser ism* to ibe d ihoorred inesihr. The
I dieressien- ied la • gisalp tar the drions dot the
see be we delelbeeL The Art ef Me Abe
la Omer ihs bditqcsatt waft mar tsehs Mk tot slat of
Awe" mg Is ilq Ur *dirpm e Maul sir or
iwell=his illsesseics took pima we Se drip d the
Gard Warm Oemisor fist westing tap Iry
The Cryostat id is prelsrly spud la the Julies of
;Dad lei bra Mid le ths seitistl. Thar was re doubt
the dome vas Oro at float Yam as rusk as as edisciry
ef hemsdes whin. eel h.EW desires art
s liselhWassecmter yam lairi amid ware
dhi aptiest, is Sad Weston Orsuprei e=er *sop
flapmale 5 set VI par Nat. sake lbs ems
Israteri suseals ens Ow Halls