The Sun.
London, England, 1864-09-27 00:00:00

lOILTII AND CLYDE.

The report of the directors states that £1,758 bad been
expended en capital account during the past halt year,
chiefly for land and the construction of the Dulmonach
branch, which was now neatly completed. The whole 01
the No. 2 preference shales had been subreribed for, and a
conside' able amount had been paid up by the chairman and
directors in advance of culls, which had enabled the com-
pany to pay off a pillion of the sums duo fur engines, clr-
riages and workshops, bearing a high rate of interest. This
would considerably lighten the interest account for the
future. The revenue account showed that £7,556 had been re-
ceived for the half-year ending the 31st of July, and £3,822
expended, leaving a balance of £3,734. Out of this was de-
ducted £1,288 for interest on debentures, and £B5O for
interest on bank credits and bills, leaving a balance of
£1,596. The revenue account, as compared with that of the
corresponding period of last year, showed an increase of
£3OO, and a decrease in the working expenses of £i9B. Out
of the clear balance of £1,596 the directors recommended
the payment of the half-year's dividend in full on the first
preference shares, at the rate of 5 per cent. per annum,
amounting to £1,391, also the payment of £5O for waggon
working and repairs, and that the balance, £155, be carried
to the next account. Tho rolling stock hal been kept in
efficient repair during the past half-year, and the permanent
way had been properly maintained. and was in good condi-
tion. The traffic from the 31st of July to the 10th inst.,
being six weeks of the current half-year, showed an increase
of £230 as compared with the corresponding perioa of last
year, and the directors believed that with careful manage-
went, and the development of the traffic front all sources
that the proprietors might look forward to better prospects
in future.

DUMFRIES AND LOCKERBIE.
The report of the directors states that the revenue for the
six months ending 31st July last amounted to £3,188, of
which the sum of £4,313 was traffic receipts. The expendi.
ture, including £1,435 for working expenses, had been
£4133, leaving a balance of £2,054, out of which the direc-
tors recommend a dividend at the rate of 4 per cent., leav-
ing a balance of L 251.

KIRKCUDBPaGIIT.
The half-yearly meeting was held on Friday, Mr M'Cul-
loch in the chair.
The report stated that during the five months the line
had been open the revenue amounted to £1,407, showing a
balance over expenditure of £737, cut of which the direc-
tors recommended no dividend. The working expenses had
baen £560.
The Chairman, in moving the adoption of the report, said
the passenger traffic; had fully come up to expectation, and
the Glasgow and South-Western Company were taking
measures to develops the goods traffic, which was not so
much as had boon anticipated. It was proposed to extend
the line to the harbour of KirEcudbright, which would ma-
terially increase the traffic.
Dr Cowan, in seconding the motion, said the directors
were endeavouring to secure a regular traffic between Liver-
pool and Dumfries by way of Kirkcudbright, and had no
doubt they would ultimately succeed in doing so.
The report was adopted, and the directors were autho-
rised to apply to Parliament for power to use the Castle
Douglas station without running over the rortpatriek