The Sun.
London, England, 1852-08-20 00:00:00

FRI DAY

AUGUST 20 1852

SPORTING NOTES.
No. CCI.XXXVIII.

TO THE EDITOR OF THE SUN.

SlR,—The result of the great Ebor Handicap having
favoured the first favourite, Adine, upon whom ea largo
a sum of money has been invested since Thursday last,
it is expected it will be a very stiffi3h settling, and dead
against the book-makers. Mr. Greville is in great force
this time at York, having had the extraordinary luck
of carrying off the Ebor Sc. Leger with Frantic, and the
Yorkshire Oaks and Ebor Handicap with Adino. Both
these animals are perfect pictures of condition. The
largest field for many ;years that has started for
the Ebor Handicap went to the post yesterday; the race
however, was confined to a select quartette, who, from
half way up the distance, raced in rather closely; Adine
winning, somewhat cleverly, from Lady Amyott by half a
length; the latter beating Haricot half a length for second
honours. Bilberry, notwithstanding the feather on her
hack, finished a very indifferent fourth, Little Harry,
and a cluster of four or five being close upon her heels.
Adine's victory does not bear upon any stake that is at
present closed.
The Queen was closely run in by Young Beverlac for
the Prince of Wales' Stakes, winning, with anything but
ease, by half-a length from the young gentleman. Ann
Eliza and Lady Vernon were very close up, the rest
of the field, including Auld Acquaintance, were out of
the fray at the half distance.
Vindex won the Colt Sapling Stakes with case. The
other races require no comment.
The betting yesterday and Wednesday evening on the
St. Leger has been, as I prognosticated, in favour of
Daniel O'Rourke; who, notwithstanding that he had
receded three points iu the odds in consequence of his
defeat on Wednesday, has been pretty nearly the only
horse supported, and, for the most part, in large sums.
Stockwell has only occasionally been inquired after.
and Songstress' price is merely a nominal one, no genuine'
support having been awarded to her of late. Harbinger
has come with a bit of a rush from the outside division
into the leading lot, and his price cannot be quoted at
more than Bto I. Augur has soon followed his stable
companion into obscurity, both being scratched for this
event.

As far as I can ascertain !the field for the Great St.
Leger will be composed of the following;—Daniel
O'R3urke, Kingfisher, Stockwell, Lapidist, Trousseau,
Harbinger, Alfred the Great, Camara, and, perhaps,
Songstress or Longbow, Claverhouse, Maidstone, King
of Trumps, Bermada, and.tbe Major.
Next week is wonderfully prolific in racing meetings,
not less than eleven occurring in four days. Radcliffe is
marked to come off on Monday, Tuesday, and Wednes-
day; Taunton, Barnsley, and Barnet, on Monday and
Tuesday; Westbury and Egham on Tuesday and Wed-
nesday; Derby on Wednesday and Thursday; Paisley
and Canterbury on Thursday and Friday; and Tiverton
and Boston on Thursday; plenty of sport for one week
in all conscience. I shall not touch upon these meetings
to-day, but shall make a point of considering Radcliffe
races to-morrow, as they begin on Monday, my accounts
not having come to hand at the present time.—l remain,

- -
&C.
yours, 9
Aug. 20.

THE SPIRIT OF THE TURF.

SPORTING INTELLIGEN CE.
YORK RACES.—THURSDAY.
The Bambara Park Stakes of 100 50VS. each, 30 ft, for
three-yrs-
old; colts, Bst 71b; fillies, Bst 31b; winners
extra, one mile and a half. (6 Subs.)
Mr. Payne's Freestone, Bst 71b ...(Poole) walked over.
The Great Ebor Handicap of 20 soya. each, 15 ft, and
only 5 if declared, Scc.; the winner of any handicap,
value 100 sovs. subsequent to the publication of the
weights to carry 61b, of two 91b, of three 141 b; the
winner of the Goodwood Stakes to carry 101 b extra;
no horse to carry more than 141 b extra; the winner to
pay 25 sovs, towards expenses, and the owner of the
second horse to receive 50 sovs. out of the stakes; two
miles, on the Old Course. (90 Subs, 51 of whom paid
5 toys. each.)
Mr. Greville's Adine, 3 yrs, sst 9lb (Rikcards) 1
Mr. Copeland's Lady Amyott 3 yrs, sst 710 (Wells) 2
Mr. J. Anson's Haricot, 5 yrs, Est 131 b (J. Osborne) 3
Lord Zetland's Voltigeur, 5 yrs, 851 131 b (J. Masson) 0
Mr. J. Brown's Nancy,4 yrs, Bsl (F. Marson) 0
Mr. Cooper's Montague, 6 yrs, 7st (J. Mann) 0
tus, 4 yrs, 7st (Bastian)) 0
Lord Eglinton's Hippolytus,
Mr. Howard's Little Harry, 6st 1316 ...(A. Cowley) 0
Mr. Oliver's Sir R. Trenchard, Est 10Ib...(Charlton) 0
Mr. Pilling's Lady Eden, 5 yrs,6sit23llb ...
b..(.(cAhsiihimmaalnl))
00
Baron Rothschild's Hyacinth, sst
Lord Clifden's Saekbut, 3 yrs, sst 111 b ...(T. Smith) 0
Mr. J. Osborne Merry Bird, 3 yrs, sst 91b (Carroll) 0
Mr. T. Parr's Weathergage, 3 yrs, 6st 71b ...(Hiett) 0
Mr. Parkinson's Odessus, 3 yrs, sst 2lh (Jaggard) 0
Mr. Meiklam's Cleveland, 3 yrs, 4st 131 b ...(Bates) 0
Lord Glasgow's cby Ithuriel, 4st 121b...(J. Goater) 0
Mr. W. Hale's Bilbury, 3 yrs, 4st (Fordham) 0
Betting-7 to 4 agst Adine, 7to 1 agst Sir Rowland
Trenchard, 11 to 1 agst Bilbury, 12 to 1 eget Sackbut,
12 to 1 agst Little Harry, 15 to 1 agst Odessus and
Montague, 20 to 1 each agst Haricot, Weathergage, and
Cleveland, and 25 to 1 against any other. Won by half
a length, the same between second and third, Bilbury a
bad fourth, Little Harry fifth. Run in 3 rain. 33 sec.
The Prince of Wales's Stakes of 10 sovs, each, with
50 added, for two yrs old, colts Bst 71b, fillies Bst 21b,
winners extra; the winner to pay 10 soya. towards ex-
penses, &c. T.Y.C. (31 Subs.)
Mr. Woffenden's The Queen (Templeman) 1
Mr. Thomas's Young Beverlac (J. Maroon) 2
Mr. Richard's Ann Elie, (Buosby) 3
Mr. W. Strbbing's Lady Vernon
Mr. Bowes's Auld Acquaintance (A. Day) 0
Sir H. Boynton's Wings of a Dove (Charlton) 0
Mr. Farrance's Miss Emma (H. Goater) 0
Lord Glasgow's Miss Norton (F. Butler) 0
Mr. Hallord's Eliza (Whitehouse) 0
Mr. Jaque's Catspaw (Bartholomew) 0
Duke of Richinond'e William Rufus (Flat's:tan) 0
Mr. J. Wilkinson as Lord-Lieutenant (F. Marson) 0
Betting-6 to 5 agst the Queen, sto 2 agat Ann
Elias, and 6 to 1 agst Auld Acquaintance.
Won by half a length, three parts of a length between
the second and third, and a head between the third and
fourth. Run in 1 min 9 sec.
The Eglinton Stakes of 15 soya. each, 5 ft, and 100
added, for two yrs old, 7st; and three yrs, 9st.; mares
and geldings 41b; winners extra. One mile. (31
Subs.)
Mr. J. Osborne's Exact, Est 101 b (Osborne, jun.) 1
Duke of Bedford's Maidstone, 3 yrs, 9st (F. Butler) 2
Mr. Jaques's Auchinleck, 2 yrs, 6st 71b (Wells) 3
Mr. Dawson's Anteverta, 2 yrs, Est 101b...(Charlton) 4
Mr. Meiklam'e Evadne, 2 yrs, Est 101 b (A Lad) 5
Mr. Chilton 's Audubon, 2 yrs, 7st . (Carroll) 6
Lord Zetland's Grapeshot, 2 yrs, 7st (Metcalfe) 7
Betting—Even on Exact, 7 to 2 agst Maidstone, and 4
to 1 agst Evadne. Won easy by a length. Run in
1 min. 51 sec.
The Colt Sapling Stakes of 50 sovs. each, 30 ft, for two
yrs old colts, Bst 71b. T.Y.C.
Sir C. Monck's Vindex.... (T. Ewart) 1
Mr. Howard's Eulogist •.•
Mr. E. R. Clarke's Mr. Sykes ...,...,.(Bartholomew) 3
Lord Chesterfield's Mocassin (Flattraan) 4
Mr. Jaques's Pitfall
Mr. Morris's Youthful Days (Basher's) 6
Betting-5 to 4 agst Viatica, 3to 1 agst Mr. Sykes,
and 4to 1 agst Eulogist. Won in a canter by two
lengths. Run in 1 min. 8 sec.;
The County Plato of 100 soya., added to a Sweepstakes
of 15 soya, each, 5 ft; the winner to pay 10 soya to.
wards expenses. T.Y.C. (29 Subs.)
Mr. J. Osborne'a Latnbton, Est 121 b (J. Osborne) 1
Mr. Halford's Prime Minister, 4 yrs, 9st 41b (Marlow) 2
Mr. Howard's Vaultresa, 2 yrs, 6st 91b (A. Cowley) 3
Mr. Fowler's Forester, 6 yrs, 9st 31b (W. Sharpe) 4
Lord Zetland's Voltigeur, 5 yrs, 9st 61b (J. Marson) 5
Betting-6 to 5 agst Vaultress, sto 2 agst Lamb-
ton, and 5 to 1 each egat Prime Minister and Voltigeur.
Won in a canter by a length. Run in 1 min. 8 sec.
The Lottery Plato of 25 sovs., added to a Sweepstakes
of 5 soya. each, fur three yrs old and upwards. One
mile.
Mr. E. R. Clark's Lady in Waiting, 7st llb (J. Mann) 1
Mr. Jaques's Vivandiere, Bst 111 b (100/)...(Flatman) 2
Mr. Pedley'a Conrad, 3 yrs, 7st (301) (Charlton) 3
Mr. Morris's Priam the Third, 3 yrs, 7st...(Basham) 4
Mr. Armstrong's Sabra, 6st 121 b (501) (T.Osborne) 5
Betting-2 to 1 agst Priam the Third, sto 2 agst
Lady in Waiting, and 4to 1 agat any other. Won by
a length. The winner was sold for 135 guineas.
ST. LEGER.
No betting. Augur is scratched.
The races commence te-morrow at one o'clock. The
Great Yorkshire Stakes is fixed for ten minutes past two.
YORK, FRIDAY.
_ _

EASTERN COUNTIES.

The report of the directors to be submitted to the
shareholders on Wednesday next states, that the receipts
upon the Eastern Counties Railway for the half-year
ending the 4th of July, 1852, are 334.1801., and the
Norfeik 56,9941.; total receipts, 391,1751. From the
Eastern Counties receipts, for the sake of comparison,
are to be deducted 2,4781., being the amount received
from the working
of the Shepreth and Hitchin line, re
ducing the
receipts to 388,696/, as compared with
366,9211. for the half-year ending the 4th of July, 1851,
and 421,973/. for the same term up to the 4th of Janu-
ary, 1852. The working expenses have been
208,3581. for the six months ending the 4th of
July, 1851; 186,5351. for the like pericd to the 4th
of January, 1852; and 177,645/. for the six months
up to the 4th of July, 1852, which latter includes
the working expenses of the Sheproth and Hitchin
branch. These results are most gratifyieg, as the direc-
tors have continued to give increased accommodation to
the public, and by this means have laid the foundation
'or an increasing and remunerative return to the pro-
prietors. The increased receipts, as compared with the
halt-year ending July 4, 1851, are 24,253/., and the re-
duced expenditure for the same period being 30,712 t,
gives a positive increase for the past Dix months over the
corresponding half year of 1851 of 54,9651., and, alter
meeting all contingeecies, leaves a net balance of
53,2321. ou the last haleyear's working, which, with
the sum carried forward to the credit of re-
venue on the alth of January, 1852, of 19,774 L,
leaves a nett disposable balance of 73,006/. ther,
of this suns the directors have declared a dividend
of 4s. per share, which amounts to 68,2701., carrying
forward to the credit of revenue a balance of 4,7361.
It will be observed that this balacce is left after
paying a sum cf 4,2001., being the amount due to the
Great Northern Company, according to the terms of the
lease entered into with that compeny for the use of the
lines from Shepreth to Hitchin for the three menthe
ending 30th of June, 1852, and also 2,5001. to the New-
market Company. The directors regret that, owing
the accounts of the East Anglian Company not to' t(g'
this cone-
made up, they are unable to give the result of the six
months' working under the agreement with that ilpany, and they therefore present the accounts debeitoi-r—ig.
adopted the sug-
gestions superiatendent of
that company with the expenditure madewinirb
patty for locomotive power, &c.
3,1781,
per expenses of
This
next half-year. The directors have 0 rectified
made by Mr. Ashcroft,
perma-
mile per annum,
way and works, in charging the
nent way at the rate of 901.
year
for the maintenancehbeing
the amountof t the
in
ny
excess
sh
ofth ithis
expenditureil a
road during the past six months, has been added to the
depreciation fund, which is now mainly
"fish-jointing" of the rails.applied to the
jointing" has hitherto fully borne This
system
of
" fish.
y ft's re-
ports,erne out Mr. Ash us
giving a
smoothecro
tear to the roiling stock, r road, with less wear and
in maintenance. Theexpen-
diture
report of Mr. Gooch, the
lecomutive superintendent,
proving that a depreciationcn t
fund is not necessary
state the working
plant
tr
of the
maintainingh in annd
tba, a
further reduction in this branetheofc"upPeannLuare way be
relied is
on, also most satisfactor elx'he directors have
paid during the halt-year out of the sum stated as re.
quired to enable this company close its "Pita' es-
to .
In providing
count 8,589/. for additional works, ffio , 1,282/ 1
increased accommodation for the Is!"
ea ;or Par-
to the Midland Railway C°11;--- that coin-
liamentary expenses iucurred aby the session
pang on account of this railway
M J
awartle 0 r-John
of 1847; and 7,102/, the sitlarti:ce of his engineerin
Braithwaite, being the nbuof the line from London tgo
charges in the construcueenta,
with the sum of 32600/
Colchester. These PiVist Atiglian plant, as also the
paid on account of the .
~._
n the branch from bla !ford to the junc-
expenditure upon
at thew line at Shepreth, have' '
tion of the Ureat '°r
of the corn an ' lo-
creased the bonded debt .
of p y 101,280/. The
crease . d the sanction the Legistature to form
n obtained .
_- ,
with the Birmingham and East and West
a junction Junction
__ .
at way at an estimated cost of
India Dock ee i -
about 50,000/., and also for the 'construction of a
short extension from Wisbeach to the river Nene, at
estimated cost of about 18,000/. Parliament an elike-
wise sarietioned the arrangements with the Newmarket
Company; aed the latter applied for and obtained
the authority of Parliament to construct
tension of their line from Newmarket to Bury
St. Edmund's, and, as this line is now in course of
con-
struction, the directors feel confident that when the
traffic from Bury is opened out to the Cambridge route
the maximum
amount of 5,0001. per annum, which this
company is bound to ray to the Newmarket Company
under certain circumstances, will be materially reduced,
it net entirely cancelled. The Bill for carrying
out the
arrangements made between thiA comeari
Anglian also received the sanction of thy, and the East
Leislature.
The seal of the company has been mixed
Be-
ment entered into with the Great North; th"
ag'rho result is a cordial co-operation bete, ern
the Company.
een companies
in promoting an interchaege of tram
c whereby the re-
ceipts of this company are increased, d
h
the public inte-
rest promoted. The directors are einformed that a largo
portion of the land on the line of
the Harwich Railway

LATEST BETTING.
(BY ELECTRIC TELEGRAPH.)
THE GREAT YORKSHIRE STAKES.
Even on Stockwell
6 to 4 agst Lord Exeter's two
ST. LEGER.
3 to 1 agst Stuckwell
4 to 1 agst Songstress—taken
6 to 1 agst Daniel O'Rourke
11 to 1 agst Harbinger

Advices from Guatemala to the Ist of July give
accounts of the fatal injury sustained by the cochineal crop.
It had been got in, and the whole would not exceed 3,000
serous (of 1501 b.), while the total last year was 13,251
.serons. The destruction had been caused by a kind of
Plague which had attacked the insect, and had not only
killed the majority, but had caused a mixture of the dead
with the perfect grain that would materially lessen the value
of what had been saved. Of the 3,000 serous, 2,475 had
been exported, and there remained very little on the market.
For this a dollar per lb. was the price demanded. It also
appears that in the stores for preserving the insects for next
season's seeding the disease bad begun to manifest itself, and
great fears were entertained that next season's crop would be
worse than the present. The accounts are likewise unfa-
vourable with regard to the young indigo plants, as the
ravages of locusts were causing serious damages. The
prices demanded were consequently such as to check all
business.

A 1) INGEnaus PRIZE.--One day lest week, as
two little boys from the village of Dodinill were strolling
over Blythe Moor one of them caught a heron, with which
he eagerly ran to his companion to show him the prize. He
had no sooner, however, placed the bird on the ground,ithe4
it drove its bill into one of the other bny's ey.es, $t
enye't
pecked quite out, depriving him of sight in the ii '"
The surgeon who examined the wound says it is a
matter
or little
surprise that the bill of the bird did not pierce the poor tjur of
fellow's brain.—.Kelso Chronicle.
WORCESTER,
THE FORGERY BY A CLERGYMAN.
n which he
THURSDAY.—The Rev. James Nesbitt, charged with forging
the acceptance to a bill of exchange for3ool, up°
1 gaghes, attorney,
obtained a sum of 2551. from Mr. W. S. " again yesterday
and coroner of Worcester, was brought uf
examination on
i
afternoon, and formally remanded for fin
party represented
Monday next, when witnesses are to be brought from the
London railway stations to prove that the
by the prisoner as the drawer of the bill in question is not,
a 3 was represented by him, a clerk at the Nine Elms station
nor at an
7 other station in London.

--- -
RAILWAY INTELLIGENCE, has been secured by the Eastern Union Company
GREAT NORTHERN. effording the hope that this important branch will he
The directors et this company have just issued the re- opened tor traffic in the course of next year. A satis-
port to be eubnotted to the shareholders on Thursday factory arraneemeet has been made for the joint work.
next. It states that the gross amount of revenue earned inn of the Tilbury end Southend lice by this company
during; the half-year ended 30'n Juno amounted to tend the Blackwell Company, so soon as that line is coin-
-290,674e, and the working expenses to 144,2401., leaving plated, and from which ate directors confidently bratici-
disposabb, revenue to the amount of 146 4341. An" I puce e large increase of traffic. In concluding the ropert
provision for fixed rents, other charges, and for dividend the directors assure the proprietors that they are now,
un the preference portion of the capital. there remains a as they have hitherto been, most anxious to cultivate a
balance of 72,905/. applicable to the payment of the in- good understanding with neighbouring companies, and
forest for the half-year on the mortgage debt, and to a with this object have had repeated interviews with the
dividend on the original and the B :tuck. The amount Eastern Union Company, but they regret that hitherto
of the mortgage debt on the 30th of June was 2,580,9801, they have produced no satisfactory result.
and of unproductive works about 1,700,0001. The half- The report of Mr. J. V. Gooch, the locomotive su-
year's interest on the mortgage debt (payable the 15th Perintendeut, states, that 1,473,110 miles were run by.
!Tending period of 1851, 1,249,226 miles, arid the same
of July) was 59,2971. Of this sum it is proposed to the trains in the half-year ending July 4, 1852, °erre-
ipneorlioo
diegf
repairslBso, la,
and renewals,
028,,wa miles,ls,
charge or add to capital 35.5781. 145., and to charge
upon and deduct from the revenue of the remainder
of the mortgage interest, being 23,7191. Thus thewas 'orth
thee c ost
rateo fof i
i.i i working,d.
disposable balance of revenue, 72,905/., being charged Per mile per train the half-Tear, ending the 4th of July
with 23,7191., becomes reduced to 49,1861., and out of lett; ending
the rate of July 4, 1851, 13.79 d.; and July 4, 1850, at
this amount the directors recommend the payment of 17.22 d. A comparative statement shows that
dividend for the half-year ended 30th of Juue, at the there has been au increase in the number of miles run
rate of 2 per cent. per annum on the original stock, and wth the trains over the half-year 1851 of 223,884; and
at the rate of 4 per cent, per annum on the B steck, an actual decrease of expenditute of 3,578/4 and over
which will absorb 48,082/., and leave, to be carried to the half-year 18.50 an increase in the number of miles
the next account, the sum of 1,1031. The last portion run by the trains of 287,482, and an actual decrease of
of the Great Northern main line from Werrington, expenditure of 16,8661., or at the rate per mile per
four miles north of Peterborough, by Grantham train of 6.11 d. on the average of the half-year
and Newark to Retford, being 60 miles, was opened ending Jaw 4, 1850, and upon which the mileage
for traffic on the 15th of July, makin,.. A:
s the uLstanCe of the past half-year is equal to a saving of 37,4941.;
between London and York twenty-nine miles shorter of which increaso of mileage 109,596 miles are
than any other route. By the opening of this portion due to that runon theEsat Anglian Railways, and 18,829
of the line the important town of Nottingham is miles cn the Royston and Ilitchin Railway. The eon-
brought into the most direct communication with London sumption of coke was gradually reduced from 39.891 b. in
by means of the Ambergate Railway, which joins July, 1850, to 28.151 b. in 1851, and to 23.391 b. in July,
the Great Northern at Grantham ; and the distance to 1852. The report of the auditors (Messrs. J. Reeves and
Sheffield, Barnsley, Wakefield, and Leeds, &c., to which W. Mayhew) states that they find the accounts correct
places the Great Northern trains now run, is also after a tharough and continuous monthly examination
shortened by 20 miles. From the date of opening of this into their details. The capital account, to the 4th o
portion of the main line the Great Northern Company July, shows that 9,675,319/. had been received, and
becomes entitled by agreement with other companies for 9,655,565/. expended, leaving a balance of 19,754/. The
five years, from the lit of January, 1851, to 63 instead revenue account toe the half-year shows that 391,175/.
of 33 1-3 per cent. of the receipts from traffic between had been received, and 177,6451. expended, including
London and all places north of York. The Royston 8,2341. rates and taxes, and 7,0971. Government duty.
and The liability to the Newmarket Company amounted to
Kitchen Railway was in April last transferred to
and is now worked by the Eastern Counties Company, 2,5001.; to the Great Northern, for the Hitchin line, to
the Great Northern being relieved from the guaranteed 4,200/4 interest on guarantees and loans, to 153,597/.,
rent. Under the pressure of a mandamus obtained by including 30,787/. to the Northern and Eastern, 93,750/,
persons locally interested, end for other reasons, the to the Eastern Counties, and 29,059/, to the Norfolk
directors determined to proceed to
purchase the land, Company, leaving 5'3,232/. for dividend on the ordinary
and steps required before the expira-
to take the
' shares.
tion on
, the 2d of August instant, of the corn•
p enany's powers to construct the Isle of
xholme Rail-
way from the present terminatio
n of the
Great Northern line at
Ga.
Trent, and by Ilaxey, Epworthinsboro , across the
the Askerne Junction, the northern extremity of the
Great Northern, about four miles north of Doncaster.
It is intended to construct only a single line, and the
length being about 26 miles, the capital authorised
and
raised is considered ample. being
t 300,000/. by shares
y 100,. b loan. The dire c
gret, find it necessary to state re-
that with t
th
. w much re-
general works, and the buildings and I
te land, the
')an
accommodate and carry on the traffic have,, required to
coat so much larger an amount than was se:i
will,ti
in 1850, that they have no alternative but to
asTated
proprietori to sanction application in the next
23e the
of Parliament for power to raise further
sharesslon
capital to the amount of 1,000,0004 and to autho-
rise them in the meantime to take such measures
as may appear to them best adapted for provid-
ing the required additional capital on the moat
favourable terms for the company, and in the
form best suited to meet the convenience of the proprie-
tors generally. The following is a schedule of the as-
certained liabilities of the company, viz.:—Land account,
167,301/ ; works, stations, and permanent way mate-
rials, &c., 522,4941.; engines, carriage and waggon
stock, tools and implements for workshops, &e., 226,883/.;
interest account, part of half-year's mortgage interest
(payable on the 15th of July) of 59,2971, say 35,0001;
total liability, 951,678/4 available assets, 245,4281 ;
leaving, to be provided for, a deficiency of 706,250/,
The directors advise also that the intended application
to Parliament should embrace powers for consolidating
the mortgage debt into a debenture stock, in the expec-
tation that it may be disposed of at a comparatively low
fixed rate of interest, probably not exceeding 31 per
cent., and by which a considerable annual saving to the
company will be effected.
The station at King's-cross is approaching completion,
and arrangements have been made to open it for busi-
ness on the let of October next; and being convinced
that an hotel at the London terminus is indispensably
necessary for the accommodation of passengers, the di-
rectors have contracted for building one, under the cer-
tainty of its paying good interest" on the outlay,
The capital account shows that 9,373,907/. had been
received to the 30th of June last, and 9,249,4011.
expended, leaving a balance of 124,506/. in
cash and South Yorkshire Railway Shares.
The length of railway maintained by the company
out of revenue is 2411 miles. The number of miles
run by the trains during the half-year is 1 789,168,
The consumption of coke per mile for passenger engines
is 2011 b., and for goods engines, 37•11 b.; the average
consumption, 29.31 b. of coke per mile. The working
charges are 49 62 per cent. of the gross earnings, and
show an average cost of 1•61 s. per mile per train. Li
addition to the 2411 miles of the Great Northern sys-
tem, the corcpattyne trains have worked over 150 miles
of the lines of other companies. The gross length of
railway worked over in the early part of the your was
3911 miles, but on the 14th of February the Great
Northern ceased working over the 24 miles to Wisbeacb,
and in April over the 181 miles of the Royston and
Hitebin, making is deduction of 421 miles, and leaviug
the length over which the company worked on the 30th
of June 3491 miles.

LONDON AND BLACKWALL.
, The report of the directors to be submitted to the pro-
prietors on Tuesday next states the gross receipts on
revenue account for the half-year ending the 30th of
June last, with the surplus of 1,395/, from the previous
account, have amounted to 29,0821., and that the expen-
diture, includieg 2,3051. for rates and Government duty,
amounted to 14,7891, leaving a balance of 14,2931. The
interest on debentures, amounting to 2,7161., being de-
ducted, there remains 11,576/. available for dividend,
which will admit of the payment of 2s. a share, clear
of income-tax. There is an increase in the receipts
during the past half-year of 2,0621., as compared with
the corresponding period of 1851, and a decrease is the
working expenses of 6001., and in the gross revenue
charges of 898/. The number of passengers conveyed
over the line during the half-year was 2,718,978
the receipts being 25,8931., and for the corresponding
period of 1851, 2,416,042 passengers,
Fenchurch-street terminus has
25,1021, showing an increase of 309,936 in the number
of passengers, and of 7901. in the receipts. The amount
authorised to be expended upon theissue
They are assured that the 13
of debentures bearing interest
the at 4 per can[.
The direc-
tors have also raised
warehouses will come 44.
replace sum of 30,8001., at 4 and 4
b e
o enlargementth e
raised
byreceipts
th e o f being
t h e
per cent. interest, to
intoranch to the Haydon square
debentures at 5 per cent.
emi-
nent contractors Alessrs.cfPetthei.B intolßetts, with and the
Brasses,
operation in October next.
the
ene for 425,0001.
A contract has been enter
next,h
e during
Upon completion of the works
for the construction
to take a lease of the line for 25
sontractors are
they guarantee a net return of 6 per cent. otr sharetahres'and
capital paid up, from the Ist of January
the term of their lease. The whole line is to
pleted in eighteen months, but it is believed thatc°:nh;
portion to Tilbury will be ready for working by the en-
suing summer. The works of the Fenchurch-street sta-
tion enlargement have been commenced, and will be car-
ried on with all possible energy, so to enable the com-
pany to avail itself of the traffic from the Eastern Coun-
ties Railway and tho Tilbury and Southend branch at
the earliest possible period; and the directors feel confi-
dent that the operations now in progress will, when com-
pleted, realise all the advantages which have been held
out to the shareholders.

The capital account shows that 1,438,859/, had been
received, and 1,389,420/. expended, leaving a balance of
49,4391.

NORTHERN AND EASTERN.

The half-yearly meeting of this company was held
yesterday at the Bishopsgate station; Mr. Paterson in
the chair.

On. the motion of the CHAIRMAN, the guaranteed di-
vidends en the 5 per cent. end 6 per cent. shares were
declared, the retiring directors were re-elected, and the
business terminated with the usual vote of thanks.