The Sun.
London, England, 1852-02-09 00:00:00

RAIL WAY IN TELLIGEN
GREAT WESTERN.
It appears from the general statement of this com-
pany's receipts and payments to the 31st of December
last that the receipts on capital account amounted to
14,582,1351., including 702,287/. on account of the fixed
4/ per cent. stock, 126,6451. advances on shares, and
5,618,753/. on debentures, loan-notes, loans, &c. The
payments amount to 14,698,8271., of which 10,641,9231.
was expended in respect of the Great Western, Oxford,
Berks, and Hants, Windsor, and other lines, and for lo-
comotive stock, including 234,150/. expended during the
half-year; 1,048,1931. expended on the Oxford and
Rugby line (opened to Banbury); 125,466/. on the
Wilts, Somerset, and Weymouth (opened to Frome and
Warminster); 873,943/. subscribed to tho Birmingham
and Oxford; 224,693/. to the Birmingham, Wolver-
hampton, and Dudley; 603,975/. to the South Wales
Railway ; 38,645/. to the Gloucester and Forest of Dean;
545,0004 to the Wilts, Somen et, andWeymouth;
230,414/ to the South Dev,n; 185,1031. to the Oxferd,
Worcester, and Welverbempton; 68,158/ to the Chel•
tenhana and Oxford; 19,013/. to the Cornwall, and
9.5001. subscribed to the Plymouth and Great N't. estern
Duck; on now locomotive stock, 44,0221.; on new sta-
tion at Paddington, 33,2991.; and ca the hotel,
14,0751.; making the total expenditure, as above,
14,698,827/, leaving a balance against the conapsny
01 116,6914 The liubiiities iu respect of the rarailwayscompleted, abandoned, cr not in progress, wereest imated
on the 31st of December, 1849, at 350,000/.; of this sum
2.34,1501. has been paid, leaving 115,849/. still outstand-
ing for liquidation. The expenditure for new works on
the railways completed, and addition to works in 1851,
is charged in tho general revenue eccount. Tee inte-
rest on 1,693 2091., subscribed to other companies. is
borne by revenue. Out of the 65,0001. voted by the pro-
prietors for new locomotive stock, 44,0924 has been ex-
ianded; out of 50,00 W voted for the new station at Pad-
dington,
33,2994 has been expended • and on' of 50 0001.
for
Tthhee
revenue
accounthot e ,f
.01r4t, ohe 75h4ahl
half-year
ebeen
ned'xi
npg 3e ndle,
31st of
of
December, 1851, shows that 591,5744 has been received;
viz., 571,6814 for traffic, 7,0504 for rent, &c., from the
Bristol and Birmingham Railway, 4,4514 for use of
plant on the South Wales Railway, 5,995/. interest on
cash balances during the half-year, 2,1881. rent of pro-
perty, cottages, &c., and 206/. for registration fees. The
expenditure on revenue account amounted to 175,0841.,
including 14,9454 for Government duty, and 10,685(. for
rates and taxes, leaving a balance of 416,489/. The
working expenses amounted to 29.59 per cent. of the
receipts, being 6.24 per (tent less than those at the
corresponding period of 1850. The general revenue
account states that a balance of 49,9401. was brought
from the preceding half-year, which, added to the
balance of 416,498/, for the half-year ending on the 31st
of December last, makes the balance to the credit of
revenue 466,430/. Out of this sum 153,130/, is deducted
for interest on loans and preference shares, leaving a
disposable balance of 313,300/. A dividend at the rate
of 2i per cent. per annum for the half-year, or 5 per
cent. per annum, on 8,219.4404, being the total amount
of stock and shares on which dividend is payable, would
amount to 205,4864, and leave a balance over of 107,8141.
The 153,1301. deducted from the 466,430/., balance of
revenue, consisted of 1,848/. paid during the half-year
for new works and additions to works on lines opened;
15,318/. annuities of 4 per cent. per annum, guaranteed
to shareholders of the Wilts, Somerset, and Weymouth
Railway; 1,3691. interest on the Berks and Hants ex-
tension shares; 12,7181. interest on fixed 4i per cent.
stock; 3,225/. rent of the Gloucester and Dean Forest
Railway; 1,286/, rentcbarge on Paddington estate;
107,336/. interest on loans; and 10,0004 on account of
interest previously charged on the South Wales sub-
scription. The number of miles travelled by locomotive
engines during the half-year ending the 31st of De-
cember, 1851, was 1,135,799; corresponding period of
1850, 944,839 miles; and of 1849, 906,844 miles.• The
tons of coke consumed were, respectively, 16,370, 13,735,
and 13,680; and the price 18,. 7d., 20s. ld., and 19s. 10d

LONDON AND bOLVILL-WESTERN.
The statements of accounts of this company, to be
submitted to the proprietors at the half-yearly meeting
on Thursday next, are on the same plan as those sub-
mitted at the last half-yearly meeting, and which state-
ments were so much complained of by the shareholders
as not giving an account of the total expenditure on the
main and branch lines separately, being contrary to the
usual practice of railway companies. On one side of the
capital account to the 31st of December last, appears
the item of total receipts per last report, 8,593,404/.
16s. 10d., to which is added 41/. Is. 4d. as the difference
between calls paid and bonds paid off, making the total
receipts 8,593,445/. 18s. 2d. The total expenditure on
the main line and thirteen branch lines is lumped in one
sum of 1,493,121/. ISs. under the head of " total pay-
ments as per last report." The sums since paid on ac-
count are given separately for each line and branch,
amounting to 80,814/. I ls. Id., which, with other items
of expenditure during the halt-year, amount to
84,7141.; from this sum is deducted 10,169/. for the sale
of surplus land and sundries formerly purchased for
those lines, thns reducing the expenditure for the half-
year to 74,545/., making the total expenditure
8,567,6661.85., and leaving a balance of 25,7791. 103. The
sum of 80,814/. consists of 2,205/. expended on the main
line, 161/, on the Bishopstoke and Salisbury, 6,0741. on the
Southampton and Dorchester, 54/, on the Weybridge and
Chertsey branch, 5861. on the Hampton Court branch,
6,5031. on the Metropolitan Extension, 1,425/. on the
Richmond branch, 30,507/. on the Windsor and Brent-
ford loop line, 1,1151 on the Guildford and Gedaiming,
2,2e71. on the Guildiord and Farnham, 681. on the Guild-
ford extension, 14,500/, on the Farnham and Alton, in
course of construction; 12,1791. in respect of the Lon-
don-bridge extension, and 3,1491. on the Basingstoke and
Salisbury line. The amount expended on plant, as per
last report, was 569,3921., to which is added 7681., to
make it up to the estimate of February, 1850-570,160/.
The total share capital. irrespective of preference stock,
is stated to be 7,434,0501,, of which 6.698,1281., includ-
ing 400,000/. di count on the shares, is entitled to divi-
dend, 438,815/. shares in the hands of the company
287,706. not called up, and 14,4001. non-converted Gos-
port shares. The debenture account shows that 1,115,083/.
had been borrowed up to the 31st of December last, of
which sum 773,3781. was borrowed at 5 per cent.,133,010/.
at 4 per cent., 12,000/. at 4f per cent., 1,111,6001, at 4 per
cent., 63,7001. at 34 per coot., and 21,400/. at 31- per cent.
Of the amounts borrowed at 5 and 41 per cent., about
240,000/. has since been borrowed at 4 per cent. The re-
venue account for the half-year ending the 31st of
Dec., 1851, shows that the receipts amounted to 377,5501:,
and the expenditure to 138,0281., including 20,110/. Go-
vernment duty, rates, and taxes, and 1,300/. gratuity to
staff on account of Exhibition traffic, leaving 239,5212
net revenue from the line. From this sum is deducted
47,5441. interest on loans and preference shares, and
10,000/. towards reserve account for plant, leaving
181,9761., to which is added 2,3211., the balance from
the last account, making the sum applicable to dividend
184,297/. The proposed dividend for the half-year, at
the rate of 51 per cent. per annum, will absorb 175,749/.,
leaving to be carried to the next half year 8,548/. The
arrears of calls on the 50/. and 40/. shares amount to
957/., and on the third shares to 74,1144, together
75,0721., of which the payment of 73,4181. is optional
with the holders. The report of Messrs. Hues and
Close, the auditors, states that the accounts have been
carefully examined and audited by them, and that they
are correct. During the half-year an expenditure was
incurred of 11,128/. for additional plant. Of this sum
767/, has been charged to capital account, and
brings the entire outlay under this head to 570,160/.,
an amount which it was proposed in the report
of February, 1850, not to exceed. It states that the
balance of 10,360/. ought, in accordance with the same
report, to have been liquidated out of revenue by half-
yearly instalments, spread over five years, but it has
been considered more advisable to write 10,0001, from
the revenue of the past half-year. The further balance
of 360/. appears at the debit of " reserve account for
plant," and which account will in the first instance be
also charged with any further outlay under thisith d
The steamboat accounts have been incorporatedt with hmetihye,
general accounts of the company since the
els t
1851, and the packet service is now trietaht
other department. It has been charged w
exhibit any great
re-
sults hitherto do not of themselves on the loan of 50,000/. for the year 185ts1h,tdh elike interest an)
amount of profit, the auditors sftatne that
and,
there
be
noefficient communica-
tion that the keeping up
South-
ampton, o
lion betweenf
the France,thentmne t
importanceChaonnael Islands,to
t h e andin interests
re
sts of
the railway.