The Sun.
London, England, 1864-09-02 00:00:00

GREAT WESTERN.

The half yearly statement of accounts of this company to I
31st July last, has just been issued. It shows that the re-
ceipts on shares and stocks for the Great Western (original
line) amounted to £16,220,802, on those of the Oxford sec-
tion to £3,268,375, on the Newport section to £1,375,944,0n
the Hereford to £563,199, on those of the West Midland to
£1,319,164, on those of the South Wales to £3,450,537, and
on joint account £2,600; making together £25,900,621 re-
ceived on ordinary and preference shares and stocks in the
company—the total amount created being £27,293,775. The
arrears amount to £6,755, the calls not yet made to 39,529,
and the amount of forfeited and unissued shares to
£1,346,871.
The amount received on loans on debentures in respect of
the capital of the Great Western original line is £11,574,485;
in respect of West Midland capital £889,433; and in respect
of the South Wales capital, £l,2lB,o2l—total, £13,681,939;
which added to the £25,900,621 raised on shares, makes a
total of £39,582,560.
The capital expenditure in respect of the original Great
Western and Shrewsbury lines amounts to £27,996,945, in-
cluding subscriptions and disbursements for other under-
takings to the amount of £2,268,909 ; the expenditure on
account of the Oxford capital amounts to £4,341,171.; on
the Newport capital to £1,507,861; on the Hereford capi-
tal to £792,713; on account of the West Midland capital
to £563,363 ; on account of South Wales capital to
£4,570,438, including £128,580 subscriptions to other un-
der takings, and the expenditure on joint capital account up
to the 31st of July last to £291,301, including £40,590 sub-
scriptions to other undertakings—total, £40,066,790, leav-
ing balances against capital on temporary loans of £484,230.
The revenue account for the half-year ending the 31st
of July last shows that £1,678,350 had been received from
all sources, and £763,742, or 46.466 per cent., expended in
working the traffic, leaving a balance of £914,608. Out of
this is deducted £82,785 for rent charges, £50,727 for joint
1 interests, and £5,000 for Parliamentary expenses ; £4,812
for expenses of Kennet and Avon Canal, £7BO for Stour-
bridge Canal, and £1,014 expenses of Stratford Canal—
together, £145,118, leaving £769,490 to be divided
in the proportion of £566,903, or 73'6725 parts to the Great
Western (original) ; £120,252, or 15.6725 parts, to the
West Midland ; and £82,335, or 10.7 parts, to the South
Wales, Each proportion is dealt with separately by the
three sections, and the result is that for the Great Western
(original) there remains £124,377 available for dividend on
the ordinary stock and shares, being at the rate of 3 per
cent. per annum ; for the West Midland ordinary stocks,
£14,048, available at the rate of 2i per cent. per annum on
the Oxford stock, and at the rate of l I per cent. per annum
on the Newport stock ; and for the South Wales ordinary
stock £41,229 available for a dividend at the rate of 31 per
cent. per annum, for the past half year, ending July 31.

WE ST CORNWALL.
The half yearly meeting was held on Wednesday at Pen
zance— Mr L. Vigurs inthe chair,
The report stated that there had been an increase in the
net receipts, amounting to £1,503, while there had been a
decrease in the merchandise traffic cf £783, This was to
some extent caused by the season having been unfavourable
for the production of early vegetables, which affected the
quantity carried. The ;eneral revenue account, after the
payment of fixed charges, including interest on debentures,
&c., showed a balance cf £2,748, of which, after paying a
dividend on the prete7ence shares, a.aounting to £763,
£1,985 remained. The proprietors would bear in mind that
in their last half-yearly report the directors stated there
would be a further charge on the general revenue account
for renewals and repairs of the rolling stock and works
damaged through the accident at Penwithers. These were
now completed. The balance standing to the debit of this
account was £1,266, which the directors recommended
shoult: be written off. Notice had been served on the com-
pany by the Cornwall Railway Company to lay down the
broad gauge , in pursuance of the provisions of the Acts of
Parliament, sessions 1846 aid 1850—and, with a view to
comply with the Parliamentary obligation to do so, the
board had already instructed their engineer to commence
the relaying of the line with broad-gauge sleepers.
The engineer's report stated that the works on the railway
were in good condition, and the permanent way continued
in good order.
The adoption of the reports was moved by the CuArn-
MAN, seconded by Mr, OSE, and carried.
Votes of thanks to the chairman and directors were
passed, and the meeting separated.