The Sun.
London, England, 1864-03-03 00:00:00

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PRICE .4d.
STAMPED:....Sd.

Mr John Miller, Administrator-General of Madras, by
Sir Charles Wood
Rev. Dr. William 11I'Murray, by Lieutenant-General
Knollys
Major Milward, Royal Artillery, by the Secretary of
State for War
11. N. Nissen, Sheriff of London, by Sir George Grey
J. W. Nicholson, Under-Sheriff of Middlesex, by Lord
Francis Russell
Mr Frederick A. D. Noel, by his father, the Rev. Au-
gustus Noel
Colouel Charles F. North, It E , by General Sir John
F. Bargoyne, Bart., Inspector General of Engineers
The Marquis of Normanby, by the Duke of Newcastle
Sir Francis Outran), Bart., by the Duke of Argyll
I 'Captain A. J, Ogilvie, R. A., by Colonel 11. L. Gardiner
Paymaster F. W. Ponsonby, R.N., by the Earl of Bess
-
borough
Commissary-General Power, by the Secretary of State
for War

Mr henry Porch, Master, R.N., by the Duke of Somerset
Lieutenant Herbert Puckle, let Surrey Rifles, by General
Sir George Pollock
Lieutenant L. P. Pennethorne, R.A., by Colonel 11. L.
Gardiner

Mr Thomas Dawes Paterson, 26, Blom!'old-terrace,
Hyde-park, by Colonel Dunne, M.P.
Lieutenant George Paulet, by General the Marquis of
Tweed ale

Christopher Lethbridge, Ensign London Rifle Volunteer
Brigade, by Lieutenant-Colonel Warde
Arthur L. Lovort, Ensign 66th Regiment, by Surgeon-
Major Judd
The Lord Mayor of Dublin, Mansion-house, Dublin, by
Sir George Grey. _ _ _

The Mayor of Liverpool (Charles Mosley), by Sir George
Grey
The Right Hon. the Lord Mayor, by Viscount Palmerston
The Right Hon. Richard Welch Hollon, Lord Mayor of
York, by Sir George Grey
Commander William Menzies, R.N., by the Duke of
Somerset

Rear• Admiral W, IL Anderson Morehead, by the Duke
of Somerset

Captain Moore, R.N., by the Duke of Somerset
The Rev George T. Moetyn, by Sir John Macgreg•or
Lieutenant-Colonel William Weal!, unattached, by
Lord Foley
Lieutenant F. Strachan M'Carty, let Middlesex Militia,
by Lieutenant-Colonel Alcock
Ensign Walker Mant, let Surrey Rifles, by General Sir
George Pollock
Lieutenant-Colonel Malet, Grenadier Guards, by the
Duke of Cambridge
Mr Lewis Aehuret Majendie, by Earl De la Warr
Lieutenant John N. Manwaring, R.E., by General Sir
John F. Burgoyne, Bart., Inspector-General of Engineers
Captain Mignon, Bombay Staff Corps, by the Duke of
Rex burghe
Colonel Lord James Murray, by the Lord Chamberlain
Ensign L. E. Miller, let Royal Regiment, by the Adjt.-
G eneral

Major R. J. Hay, R.A., by Colonel H. L. Gardiner
Lieutenant Thomas H. Holditch, R.E., by General Sir
John F. Burgoyne, Bart.
Lieutenant John 11111, R.E., by General Sir John F.
Burgoyne, Bart.
Commander Francis Howson, R.N., by the Duke of
Somerset
Ensign C. Wyndham Murray, 61st Regiment, 14, Cleve-
land-gardens, Hyde-park, by Colonel J. K. Kipon
Mr J. R. Hunter, Deputy Lieutenant for London, by the
Lord Mayor
Captain Hon F. Howard, Coldstream Guards, by General
Sir W. M. Gomm

Lord Hatherten, by Lord Lovaine
Commander J. H, Hatchard, R.N., by tho Duke of
Somerset
Mr Angelo Hayes, R.H.A., Dublin, by tho Lord Mayor
of Dublin
Mr Edward Talbot D. Jonos, by Lieutenant-G onoral Sir
Richard Aircy
Lieutenant-Colonel Jorvofs, R.E., Deputy Director of
Works and Fortifications, by Earl do Grey and Ripon
Lieutenant Herbert P. Knocker, ILK., by General Sir
John F. Burgoyne; Bart.

RAILWAY INTEL LICENCE,

GRAND TRUNK OF CANADA.

The report of :he directors, to be submitted at a
meeting of proprietors on the 7th proximo, states
that the gross receipts from traffic and all other
sources for the half-year have h: en £477,839, as
against £439,361 for the corresponding half year of
181;2, or an increase of £38,478, or 8.76 per cent,
'This increase has been obtained in the face of un-
usually low rates for freight throughout the full
and winter, cans( d by depressed prices of produce,
and by the navigation of the at. Lawrence and the
lakes having been kept open, owing to the mild-
ness of the early winter season, until the close of
the year. Thus the winter rates, fixed at a higher
scale when the navigation is closed, could not be put
in operation, as heretofore, about the first week in
November. The estimates formed of the harvest of
1863 in Canada and the Western States have not
been fully realized. From these causes it will be
noticed that while the total tonnage of freight car-
ried during the half-year has been 372,984 tons, as
compared with 325,337 tons in 1862, the receipts
have only been £282,067, as against £286,273.
Thus, the freight of the December half of 1862
yielded an average receipt of 17s. 7d. per ton, while
that of 1863 only yielded 15s. Id. per ton. The
passenger receipts, on the other hand, show a very
gratifying increase—the number of passengers of
all classes carried having been 529,723, as against
453,926 in the last half of 1862, or an increase of
75,797, or 16.69 per cent. Tho money earned has
been £170,484, as against £127,180, or on increase
of £43,304, or 34.05 per cent. Thus, while in
1862 the average receipt per passenger was ss. 7d.,
that of 1863 has been 6s, sd. This increase has
been caused by the conveyance of a larger propor-
tion of " through" or long distance traffic. The
amount carried into the accounts for " postal ser-
vice" is merely nominal, no settlement having yet
been arrived at with the Government of Canada,
which is matter of deep regret. This delay
has seriously affected the company's finan-
cial position, preventing it from giving that
increased accommodation which the trade of
the province stands so much in need of, and has
also involved great hardship upon the late creditors
of the company, who gave up claims sod securities
in order to promote the interests of the undertaking,
and in the confident hope of that just and early
arrangement so often promised, hitherto without
accomplishment. The ordinary working expenses
show a total outlay of £275,073, as against £262,307
in 1862, or an increase of L 12,766, or 4.86 per cent.,
expended in earning an increase of £38,478, or
8.76 per cent. The percentage of ordinary working
expenses in 1863 is 57.66 per cent., against 69.68
per cent. in 1862. The following statement shows
the progress of the net revenue of the company :
In 1859 it amounted to 173,357 ; in 1860, to
£102,684 ; in 1861, to £142,492 ; in 1862, to
£170,233; and in 1863, to £289,901. From the
net profit of the half-year—viz., £165,728, there
has to bo deducted the (nominal) amount of £13,104
for postal and military service receipts, and
£20,033 for loss on American currency, loavusgH
(including the balance carried forward from last
half-year of £186), £132,777, which has bean
applied, or is now applicable, as f0110w5—%£14,367
to interest on various debentures, including £2,312
instalment of Portland sinking fund, £43,242 rents
of Atlantic and St. Lawrence and Detroit lines,
£49,921 interest of first preference bonds, and
.C 24,715 second preference bonds, leaving a balance
of £532. The half-year's interest accruing on the
first and second preference bonds to the 31st of
December last will be paid on and after the 15th of
April, on presentation of the coupons at the com-
pany's bankers, and the eertigerttem for the arrears
to
tie
eapitnii„d for the first, half-year on the second
pre ferenee !Joni-19, end for the whole year on the
third and fourth preference stock will hs
"fly issued. The improvement of the permanent
and renewal lens progressed
way by strengthening
rapidly during the half-year. No less than 8015 miles
of the line refold with heavier rails fished atthe joints
have been renewed, as against Z.l: miles in the corre-
sponding half 01.1862. Thu total length of line re-
laid in t he year 1863 has been 195! miles, or nearly
one-eighth of the whole length of the Grand Trunk
Railway system. Thu length laid in 1862 was 801
miles. The number of new sleepers or ties laid in was
in 1862, 302,172, and in 1863, 403,001. The Board
now consider that the time has arrived for com-

iwal
dually extinguished out of revenue.
sum of £8,622 has been charged to ca,
ditional weight of iron and for fish
£26,035 has been placed to such renewal account.
Arrangements arc in progress for the manufacture,
under contract, of steel and steel-headed rails, to be
laid down in place of iron rails on the main line.
The proved results on the London and North Western
line afford most valuable evidence that the new rails
laid down on the busiest portions of their line have
already lasted 10 times as long as the ordinary iron
rails. It is proposed for the future to charge direct
to revenue £70,000 a year for renewals, and to carry
the excess outlay in the next two years to the re-
newal account, and so far as the extra cost of
" fishing" and of steel are concerned, to capital.
The company's practical officers report t hat a regular
charge to revenue of £70,000 per annam, t qual to
the renewal of 80 miles a year of improved and
strengthened road, will, in the course of five years,
overtake and extinguish the renewal tic(munt esta-
blished. The outlay on capital account for addi-
tions to the plant at d property of the eotranany
has been £.17,182, as against £18,142 fur 1862.
The former snot i,,cludea c,e coat of 99 new freight
cars, two new sleeping cars, and two new engines,
being part of the additional plant proposed to be
Provided in the last report confirmed by the bond
end share holders. The Canadian Government have
released the £42,500 second preference bonds pre-
viously retained, enabling the use of these securities
for similar necessary outlay. The issue of postal
and military service bonds to the company's credi-
ors now appears in the capital account, as also the
issue of fourth preference stock. The long pending
claim of Mr. Turcotte in connection with the Three
Rivers Branch has, during the half year, been
amicably settled, and the outstanding claims not
disposed of in Canada are now of a very trifling
amount. An agreement has been sealed be-
tween the Grand Trunk and Buffalo. and Lake
Huron Companies for mutual facilities of working
and interchange of traffic, and powers will be
sought in the present Session of Parliament to con-
firm the same. The capital account to 1)ec.31 shows
that £16,711,400 had been received, andL16,061,703
expended, leaving a balance of £679,697. The
revenue account for the past half year shows that
£477,839 had been received and £312,110 expended,
including £37,037 for renewals, leaving a balance
of £166,728.