The Sun.
London, England, 1852-08-12 00:00:00

RAILWAY INTELLIGENCE.
LONDON AND SOUTH-WESTERN.
The directors of this company have just issued
thfir report to be submitted to the proprietors at the
half-yearly meeting on Tuesday next. It states that
) the accounts for the half-year ending the 30th of
i' June, 1852, show the net revenue of this period, after
deducting interest on loans, and all preferential
charges, to be 102,718/. The surplus from December
31, 1851, 8,2801., making together 110,9981. applicable
to dividend, from which the directors recommend that
a dividend for the half-year at the rate of 3j per cent.
per annum be declared, amounting to 109,4561.,
leaving to be carried over to the next
account 1,5421. The average dividends per
annum of the last three years, ending June 30
in each year, have been-1850, 3' ; 1851, 3; ;
land 1852, 41. The revenue receipts for the half-year
ending the 30th of June, 1852, amounted to 281,7731.,
and for the corresponding period of 1851 to 281.552/.,
including the lrst two months of the increased traffic
resulting from the Exhibition ; the working charges
on revenue during the first-mentioned period being
111,644/., and during the six months in 1851,
99,4481., showing that while the receipts have kept
up to the level of 1851, the charges are higher by
12,196/. The receipts from passengers are less than
those of the corresponding period of last year by
9,9681., of which 2,7151. is attributed to the increase
of traffic up to the 31st of May, 1851, and 7,2731.
1 during the month of June, 1851, in consequence of
Ithe Exhibition. Excluding the month of June, when,
in 1851, the charge of admission into the Exhibition
had reached that low price which was found to attract
the great crowds of visitors, the passenger revenue
of the present year was as good as that of 1851 ; and
the report asserts that the stimulus given to travelling
last summer by the Exhibition has not had any bad ef-
fect, as was apprehended, on the traffic of this year. The
decrease in the passenger revenue is covered by the
increase in the goods traffic revenue. The increase
of 12,1961. in the working charges arises principally
in the following items, viz.:—locomotive and carriage,
6,8081.; and Corsham and Portsmouth extra expen-
diture on works for strengthening the line, and other
joint line expenses, 2,6001. The locomotive and car-
riage increased expenses arise from the increase of
outlay in repairs requisite in order to recover the ex-
cessive wear and tear to which the carrying stock was
subjected in the summer of 1851, the demands of the
carrying stock for the four summer months of that
year having been double that of all ordinary summers.
This is confirmed by the fact that the new material
put in to replace worn-out parts has cost during
the six months more this year than last year
by 7,6001. The engines of the company are
now in a better condition than they have ever yet
been. The old engines have now nearly all been
replaced by engines of improved construction. The
present engines, notwithstanding they draw greater
weights at greater speed than the older engines, con-
sume considerably less coke per mile. The con-
sumption of coke this half-year (19.91 b. per mile) is
less by 11 per cent. than the consumption per mile of
last year. The directors regret to state that the
traffic manager of the company left this country in
March last. Up to the present time there appears to
be a deficiency of cash unaccounted for of 2,9001. on
the part of the manager. Allowances are also claimed
by carriers and others amounting to 5,053/. The
1,7271., and they intend to dealpresent. .
in respect of these deficiecies,
directors have debitted the
ing to the credit of the working with the remainder,
steam-
boat department, to the 30.t,1a oefngaduniiTnehtl
during the next two half-
account of the :
last,
half-yearhta:mafostuesrnm tde
es
dtwawuni
catdhty
is 4,1501 n. ,erest on the loan
fromthe
81 which the
inz all expenses, dividend
steamboat
advanced by this country,
dividend of 5 per cent. must be paid .to
company to the 30th of June. The position of
claims of railway companies to exemption from duty
e
on passenger-tax on fares at and under ld. per mile
continues under litigation between this company and
the Inland Revenue Commissioners. The rates for
the half-year amount to 9,1401., or 8 per cent. on the
net revenue. The rating thus continues a grievous
burden on this and other railway companies. The
provision against accident to the men working the
trains is now in satisfactory operation, the men
having generally voluntarily entered into it. The
basis of this casualty fund is, that on the servants
allowing a certain small deduction, not exceeding
ld. per week, from their wages towards a provision
fund against the consequences of accident in the per-
formance of duty, the company add an equal contri-
bution, which will afford compensation to relatives in
all fatal cases of 50/.; in all cases of loss of limb, 251;
and in case of permanent disqualification for future
employment a suitable compensation to the individual
injured. The amount charged for these and other
benevolent objects is, for the present half-year, at the
rate of 500/. per annum. A modified agreement
between this company and the Brighton Com-
pany is now being acted upon in respect
to the Portsmouth traffic, and it is hoped that it will
lead to the continuance and strengthening of those
friendly relations which have now for some time past
existed between the two companies. A responsible
party has offered to make a branch from the station of
the company at Wimbledon to Mitcham, a distance of
two miles, on a perfect level, on a guaranteed rent
from this company of 1,5001. per annum, being at the
rate of 5 per cent. on computed cost. This branch
will be capable of being joined with a branch which
the Brighton Company have agreed to make from
Croydon to Mitcham, on certain conditions, with the
same party who has made the offer in question to this
company. The directors, seeing the very attractive
nature of the building property between Croydon
and Wimbledon, recommend the proprietors to au-
thorize them to take up the project at any time
during the next year when it may appear expedient
to do so, and mutually satisfactory terms among all
parties can be arranged. It will, on the terms
proposed, involve no additional expenditure of
capital to the company, and be undoubtedly
of local convenience in a populous neighbour-
hood, and a productive feeder to the main line.
After adverting to the three vacancies at the board,
the report states that the north and south junction
line from Brentford to Willesden, by means of which
Southampton will be connected with London docks
and warehouses, as well as with Manchester and the
whole railway system of the north, is advancing to
completion, and will probably be open for traffic early
in September. The works from New Basingstoke to
Andover are in active operation. The amount rea-
lized by property sold during the six months ending
the 30th of June, 1852, was 34,979/., . including
rails. The amount of 26,6661., as realized by rails
sold, includes the rails sold to the North Devon Rail-
way Company, in discharge of the calls on shareztdoe-
bited on the other side of the account. The
branch ton
line, extending the Guildford and Farnham
• The ave-
Alton, nine miles, has been opened for traffic, and
' be completed within the estimate of 18r
the line was
rage number of passengers daily over
the average
and will
10.090 during the past half-yea
r+ passenger
number of miles travelled
g period of
dipner mile per
9:I
v,T,ahseB,scoldst., foarndloicoormthooeticvoerrpeoysPoenr
1851 8.194. The ntubmgcbc:3rroesthpf of June, 1852, was
half-year ending miles travelled for the
corresponding period of 1851,
1,042,152, and for the
capital account shows that
ex-
-943,203 miles.
l ce of 107,6311. The deben-
ded leaving a oreceived, and 8,614,8851.
30th of June shows that 524,877/.
Pe° ' thv
tore accout to t 5 per cent. (193,5201. of which has
was borrowed a renewed at 3f per cent.), 117,0101.
8,722,516/. had
paid off or
been pal nt.. 2,0001. at 4f, 1,116,400/. at 4 per
at 4i per
ocoB7. '
1. at 343, and 294,6001. at 31 per cent., to
cent., 86" 520/. has since been added at the same
which 193' t of capital entitled to dividend is
w The amount
rate.
R 331, including 400,0001. discount on shares
6-• total share capital, irrespective of pee.
behTean
037' The
stock, amounts to 7,434,050/, including
farence- ,
437 •
0631. snares in the hands of the c0m-
pany,251,953/. not called up, and 14,40 q.
converted Gosport shares. The
non- revenue
for the half-year ending the 30th of June
amounts to 285,6271., and the expenditure to 131,337/ ,
including 17,568/. Government duty, and rates and'
taxes, leaving the balance of net revenue 154,2901.
From this is deducted debenture interest and prefer-
ence charges, amounting to 48,844/., leaving the net
income 105,445/, which, added to the balance from
the last account, leaves 110,9981, applicable to divi-
dend.

The auditors, Mr. T. Close and Mr. A. Noyes, at-
test the correctness of the accounts. They report
that up to the 30th of June, 1852, there has heenex-
pended on account of the estimated liabilities of Feb-
ruary, 1650, the sum of 509,3491., which leaves for
future expenditure 131,502/., and that there has been
received up to the same period, for rails and surplus
property sold, 74,019/. This expenditure Luring
spective of the outlay during the half-v
earbasiegstoke
to 52,1061., on the Farnham and. Altont.. likewise
and Andover, and North Devon. lines
the 's
Exeter and
irrespective of the 7,5001. paid for
Crediton preference shares..

.--...-----------_7-_________
1 cask, and 2 bags of
ARRIVALS OF GOLD room AUSTRALIA. The
following arrivals have just taken place from Australia
The vessel Stebonheath, arrived in the London Docks, from
eeat cksusn, gold
ld'uosrtt,Pch3inisipig,
unsigned
ds ltioros:iugnhdtrBy4
pboxes,
artier in the metropolis. The
ship Tanvir, arrived in the same docks, from Sydney, has
brought 6 bags and 15 quartz, gold dust, and also 1 box of
gold coin, 1 case of gold and 1 box of gold bars, con-
signed to various firms iin London and to order. The vessel
from Sydney, has
metropolis. dry parties in the
THE BATTLE OF AUGEERINI L
.--- IvEßpooL, SUED
wEspAy.—The Orangemen of the Liverpool district have
St.
r o uGgehotrr i boa vg(old, conss iagn in
been making. preparations fora procession, to-morrow in
commemoration of the Battle of Aughrim, but, as oath 'has
been made that the procession would endanger the public
eace, the magistrates have resolved to prevent any assem-
b plage of the kind. The Mayor had issued a :proclamation
announcing the determination of the authorities to prosecute
all persons joiniDa any precession.