The Sun.
London, England, 1864-08-15 00:00:00

ALFORD AND MABLETHORFE.

A meeting has been held at Alford in support of this pro-
ject, Of £60,000 required for the execution of the works
only £lO,OOO is solicited in the neighbourhood. The lino,
it carried out, will open the coast of Sutton, Mablethorpe,
S:c., to the pleasure seekers of the Midland district.

GREAT SOUTHERN AND WESTERN OF
IRELAND.

The report of the directors states that the traffic of the
line for the past half year was in excess of the preceding
corresponding half years, but until an improvement took
place in the state of Ireland no great increase in the traffic
could be expected. The directors recommended tho pay-
tuent of dividends at the rate of 5 per cent. per annum on
the preference capital, 3.116 per cent. per annum upon the
£113,350 ordinary capital held by the Midland Great Wes-
tern Railway Company, and £3 ler cent. per annum upon
the other portion of the ordinary share capital of the com-
pany, less income tax. The committees of the two Houses
of Parliament, notwithstanding a most determined opposi-
tion on the part of the Midland Great Western Railway
Board, had accorded to this company the right of passing
over the Shannon at Athlone by means of the Midland
Railway—a privilege which secured far ever the indepen-
dence and prosperity of the Great Northern and Western
Railway. Parliament had further granted to the company
tree access to the Great Southern and Western station at
Athlone ; such direct communication with that company's
system could not fail largely to increase the traffic of the
company's line. The directors proposed giving effect to the
monetary clauses of the two bills before reerred to. with
the view of discharging existing liabilities on the line to
Castlebar, and of carrying out the Westport and Ballina
Extensions. The capital account showed that £187,492
had been expended, leaving a balance of £8,023.

VALE OF NEATH.
The report of the directors stated that, comparing the re-
ceipts and expenses of June, 1864, with those of Debember,
1863, the accounts showed an increase of £8,670 in the re-
ceipts and £4,036 in the expenses. The permanent junc-
tion with the Great Western Railway at Aberdare was com-
pleted, so far as this company was concerned, in December
last. Zhe Great Western Company, however, only com-
menced by means of a temporary junction between the two
lines, the working of through goods traffic on the 18th of
April last, and notwithstanding the most urgent demands
by the directors, and promises repeatedly made by the
Great Western, the junction for passenger traffic had not
yet been completed. This was a great hardship upon the
company, inasmuch as it not only leaves to a great extent
unproductive the large amount of capital expended upon
the works, but deprives them of the benefits which they
had fairly anticipated from the larger passenger traffic that
would have arisen on the opening of the new route. Upon
the completion of the narrow gauge by this company they
became entitled to certain payments from the Great 'West-
ern Company, which, in accordance with the terms of the
agreement, had been referred to Mr T. E. Harrison, but
until that gentleman has given his award the directors
were unable to take credit for the actual amount. They
had, however, carried £1,500 to credit of revenue. The
available balance for dividend on the ordinary stock, after
providing for interest, preferential and other charges, and
placing £l,OOO to the credit of a reserve fund, was £15,869.
This sum would admit of a dividend of 4gper cent. per
annum, leaving a balance of £7OO for the next half-year,
and the directors recommended the declaration of that di-
vide ad accordingly. The laying down of a third rail on
the main line between Hirwain and Merthyr had been
completed, and rapid progress was now being made with
the Dare and Amman branches. The directors had en-
tered into a traffic agreement with the London:and North-
Western Railway Company, and had purchased the Aber-
dare Valley Railway for a payment of 7/ per cont. per
annum on their share capital of £12,000.

The capital account showed that £1,464,559 had been ex.
pended. The revenue account for the half-year showed that
£71,220 had been received, and £33750 expended.

THT SUTHERLAND MINISTER AND MR. JOHN
BRIGHT.—Somo years ago Mr. Bright was going to
a certain town on the Sutherland coast. While the coach
was going through a certain pariah, the worthy minister
thereof mounted and sat beside John Bright. They began
to discuss politics. After a while the minister said, with
a twang and dialect we cannot copy, " I'll tell you what it
is, we'll never have peace until that blackguard, John
Bright, be hanged. He is trying to Americanise our
institutions, and do away entirely with the glorious consti-
tution of Great Britain." " Oh," says the M.P., "you
would not surely hang him." " Hang him," replies the
minister, "I would just hang himself as high as the tree.
The blackguard Cobden is bad, but he's 10 degrees worse.
Oh, he should be burnt, burnt I" In something of the
same strain the conversation went on all the way. After
service he was complimented by the clergyman for whom
he officiated on the fine audience ho had, " and among the
rest you had Mr Bright, M.P. for Birmingham." " Where
did he sit ?" says the minister. He was told where the
stout M.P. sat. "O Lord," he exclaimed, "what have I
done ? He came down on the coach with me, and I called
him a blackguard, and said ho should be burned; -Elgin
Courant.

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