The Sun.
London, England, 1863-01-22 00:00:00

RAILWAY INTELLIGENCE.

MANCHESTER, SHEFFIELD, AND LINCOLN-

SHIRE.

The report of the directors of this company states that
the accounts for the half-year ending Dec. 31 show a total
revenue from all sources of £339,599, a total expenditure of
£184,925, and a balance of net profit of £154,674, which
with the balance of £990 brought from the previous half
year, gives a total of £155,661 available for interest and di
vidend. The debenture and other interest chargeable
against revenue for the half-year amounts to £59,734, the
canal annuities to £11,143, the dividends on the various
classes of preference stock and shares to £76,391, making a
total charge against the above net balance of £150,268,
leaving a balance of £5,396 for the next half-year. This
result, unfavourable as it is, as regards its effect upon divi-
dend, is not so much so as night have been anticipated
from the continuance of the depressing causes, which have
been more severely felt during the past half-year than in
the corresponding period of 1861. The loans falling due on
the Ist inst. have been renewed upon favourable terms. The
traffic receipts forthe past half•year amount to £288,943, and
for the corresponding period of 1861 to £300,389. The de-
crease on the receipts for merchandise and mineral traffic is
£14,788, while the increase in the receipts for passengers
and live stock amounts to £3,342, leaving the net decrease
£11,446. Of the £288,913 received for traffic, the sum of
£148,157 was for local traffic, and £140,786 for foreign traffic.
The tonnage in and out of the Grimsby Docks during the
half-year amounts to £4,123, and for the corresponding
period to £4,384, showing a decrease of £261. The continued
falling off in the trade of the Humber has deprived the
company temporarily of a large and. valuable traffic. During
the half-year the old dock gates and entrances have been
thorcughly renewed, and additions and alterations have been
made to the Fish Craft Dock, which has involved an outlay
of about £9,000. This expenditure being of an extraordi-
nary and exceptional character, the directors have decided
to spread the payment over a period of four years. This
company's share of the net profits from the South Junction
Railway has been £8,157, against £7,894, showing an in-
crease of £253. The revenue of the canals shows a decrease
of net profit as compared with the corresponding period of
1861 of £3,111. The working expenses of the railway for
the half-year amount to £163,626, and for the correspond-
ing period to £1,8,863, showing a decrease 'if £4,763. The
permanent way and works have been efficiently maintained,
but £7,118 of the money expended upon it during the past
half-year has been charged to the permanent way suspense
account, which it is intended now to close, and very shertly
to commence reducing. The canal expenses for the half-year
amount to £26,062, against £26,430, showing a decrease of
£368. Tha directors have no bill in Parliament this session.
The capital account shows that £9,802,159 had been ex-
pended to Dec. 31, leaving a balance of £34,210 in favour of
the company. The revenue account for the half-year showed
that £339,599 had been received, and £184,925, or 66.63 per
cent., expended in working the railway and canal, leaving
a balance of £154,674.