The Sun.
London, England, 1864-08-09 00:00:00

MONK LAND.

The report of the directors of this company states that
the traffic receipts for the half-year ending the 30th Jane
amounted to £13,867, and the working expenses and inte-
rest to £23,483, leaving a net balance of £20,384, against
£16,066 for the corresponding half of 1863. There was a
progressive increase in the revenue derived from passengers
and goods, and the working expenses were somewhat re-
duced, being 43.1 per cent. of the receipts. The directors re-
commended a dividend at the rate of 5 per cent. per annum
on the ordinary stock. The payment of this and the guaran-
teed dividends would absorb £18,051, leaving a balance of
;€2,833 for the reserve fund, which would then amount to
£5,210. The improvements in the permanent way having
been nearly completed, the directors hoped to effect a re-
duction in this charge in future. Four engines had been
added to the working stock, and three more were bring
built. Those were required to siork the additional mileage.
for which sufficient provision had not been previously made,
only one engine having been added to the stock since the
opening of the new lines of 1857. An engine was also now
required for the Ballochney inclines, which were at present
worked by locomotive power instead of by wire rope as for-
merly. Seventy_four additional six ton trucks had been
added to the stock, and contracts had been entered into for
the supply of 138 more of similar capacity. By an arrange.
ment entered into, the undertaking of this company was to
be amalgamated with the Edinburgh and Glasgow, receiv-
ing a guarantee of 6 per cent. dividend upon the ordinary
stock; and a bill to authorise this amalgamation would be
promoted in the next session of Parliament. The capital

account to the 30th June showed that £942,394 had been ex-
pended, leaving a balance of £10,159 against the company.

GREAT SOUTHERN AND WESTERN.

The report of the directors of this company states that
the total traffic for the half year ending June 30 amounted
to £210,020, and for the same half of 1863 to £203,746,
showing an increase of £6,274. The net surplus revenue for
the half year was £89,334, out of which the directors re-
commended that a dividend at the rate of 44 per cent. per
annum be paid to the proprietors of the consolidated stock
of the company, which would leave a balance of £1,035 for
next half year's account. The returns exhibit an increase in
every description of traffic, but did not denote any general
improvement in the traffic of the country, as a larger surplus
than £6,273 might have been expected from the amalgama-
tion of the Irish South Eastern Railway with this com-
pany and the opening of the branch line from Roscrea
to Nenagh. The general results of the working of the
line for the last half year had been highly favourable.
Since the beginning of May there had been a marked ;m-
-provement in the receipts up to the present time, and,
with the prospect of an early and abundant harvest, the
directors had every reason to hope that the close of this year
would still more clearly exhibit increased prosperity. The
line from Nenagh to Birdhill was opened for traffic on the
Ist of June last, and they were enabled to state that this
branch would be completed, in the most efficient man-
ner, much within the Parliamentary estimate. The capital
account showed that £5,678,042 had been expended,
leaving a balance against the company of £19,792. The
revenue account showed that £220,061 had been received,
and £94,993 expended in working, and £35,734 for interest
on loans and stock, leaving a balance of £89,334.