The Sun.
London, England, 1863-10-06 00:00:00

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PEBBLES.
The report of the directors states
revenue of the railway for the six months 'ending
the 31st of July last amounted to £7,305, and kir
the corresponding six months of 1862 to A 56,232,
exhibiting an increase of £1,073. The moiety of
the revenue belonging to the company
was £.3,652.
The disposable balance amounted to £3,233, 'of
which £255 was payable to the North British Rai 1-
way Company, being one half of the surplus aft
making provision for a dividend of 6 per cent. c n
the company's ordinary shares for the two past hal (-
years. Out of the remainder the directors propose a
w pay the usual dividend of 5 per cent. on the
preference shares, and a dividend at the rate of 6
per cent. upon the ordinary shares, leaving a balances
of £2OB. The dividend upon the ordinary shares
alight have been per cent. for the past half-year,
but the directors were desirous to carry forward a
surplus sufficient tomeet certain old accounts which
were in course of adjustment. It was proposed to
make the dividends payable on the 13th inst. The
North British
Railway Company continued to
discharge their obligations in an efficient and satis-
factory manner. The lease had been adjustad and
signed.

PRICE_ .......4d.
STAMPED ....sd.

GERMANY AND DENMARK.

We take the following from the official report of
the sitting of the lat of October of the German Diet
at Frankfort
" The President laid before the Assembly a note from the
British Envoy, S.r Alex. Valet, dated the Ist of October,
in which the latter communicates to the Diet a despatch
from the Secretary of State for Foreign Affairs of Great
Britain, Earl Russell, dated the 13th of September, con-
cerning the constitutional question of Holstein-Lauenburg.
The Diet directed that this document should be referred to
the joint committees charged with the examination of the

question.
" After some local business, a vote was come to upon the
report presented to the sitting of the 19th of Sept., relative
to the constitutional question of Holstein-Lauenburg by the
joint committees, as also upon the propositions advanced in
that report. These latter are approved by the majority of
the Assembly. The envoy charged to represent the Minis-
ter of Denmark and Holstein-Lauenburg protests against
this approval in the name of the rights of the Royal Ducal
Government, referring to the declarations made previously
by Denmark, and abstains from voting upon the approval
of the joint committees.
" The resolution which the Diet takes on the subj cot of
this question runs thus :
"1. The Government of Denmark and of Holstein-
Lauenburg has not fulfilled the federal obligations relative
to the constitution of the Duchies of Holstein-Lauenburg,
and, especially, by its declaration of the 27th of August of
this year it has not acted up to the federal resolution of the
9th of July last ; federal execution must, therefore, be
resorted to to enforce (if they have not already been com-
plied with) the application in the said Duchies of the federal
resolutions of the 11th of February and 12th of August,
1858, of the Bth of March, 1860, of the 7th of February,
1861, and of the 9th of July, 1863.
"2. The Austrian, Prussian, Saxon, and Hanoverian
Governments are charged to carry out the execution, and
the Governments of Saxony and of Hanover will be invited
each to name a civil commissary, who, it needs be, and
after having received the instructions of the Diet on the
mode of execution, will have to administer, according to
those instructions by order of the German Confederation,
the duchies of Holstein-Lauenburg in the stead and in the
name of the King-Duke, without prejudice to the rights of
the latter, which are only provisionally suspended.
" Moreover, the said Governments shall be called upon
to place at the disposal of the civil commissaries a detach-
ment of 6,000 men, the composition of which they will de-
cide upon between themselves, and at the same time the
Governments of Austria and of Prussia will be invited to
hold ready, in case of resistance to the federal executive, in
concert with the kingdoms of Saxony and Hanover, a suffi-
cient body of troops to support victoriously the detachment
in question.
"3. Communication of this resolution shall be made to
the Royal Ducal Government in virtue of Article IV. of
the regulation for execution, through its envoy ; at the same
time, that Government will be reminded in an official state-
ment of the propositions of the committees of the 18th June
of this year, of the Federal resolution of the 9th July of
the same year, and of the report serving as a basis to the
motions actually made by the joint committees, and Den-
mark will be summoned to comply with the demands for-
mulated, and to make known her intention within a delay of
three weeks. .

MANCHESTER, SHEFFIELD, AND LINCOLN-
SHIRE.

Theincluding total
enetxs
company's railway,
,Ptolls, s duty, of t
this
s c,, from the Ist July
to the 27th September, 18639 amounted to £77,826
as against £77,502 for the corresponding period of
1862. The proportion of the South Junction receipts
accruing to this company from the Ist July to the
27th September amounted to £2:020 as against
£8,407 for the corresponding period. of 1862, and
rents,
the expenses to £3,969 as against £3,589.

INDIAN CARRYING.
The third ordinary meeting of this company was
held yesterday at the London Tavern, Sir Macdonald

Stephenson in the chair.
Mr. W. Thomson, the secretary, read the notice
convening the meeting. The repent stated that the
operations of the past year had, on the whole, been
attended with a satisfactory result. 0 wing altogether
to the injudicious proceedings of the late manager
at Bombay a loss had been sustained on the Vir or Icin g
in that Presidency, but the directors had more

,han ever reason to believe that under the change

made in the local management a profitable
course of business would be opened. Mr. Bates, the
Madras manager, whose operations had shown
great ability and had been attended with signal
success, had been directed to visit Bombay for the
purpose of assisting by his advice in the reorgani-
sation of the company's business there. The business
in the Madras Presidency had shown a steady
improvement from the commencement. The reports
received from the manager at Calcutta continued
most encouraging as to the prospects of the company.
The result of the few months' operations, although
the accounts did not show a profit, was satisfactory.
As soon as the system was brought into operation
the receipts rose from £9B in the month of January,
to £1,431 in the month of February. The expense
which had been incurred in the hire of carts was
now being diminished by the substitution of the
company's own vehicles. The Bengal Government
being about to discontinue their bullock trains,
had notified their readiness to enter into contracts
for the work hitherto done by them, and a tender
on the part of the company had accordingly been
sent in. It was well understood that the Govern-
ment would, on favourable terms, make over
to the parties contracting the plant necessary
for carrying on the work. The revenue ac-
count showed a balance of profit of £2,008, of which
the directors recommend that £750 should be ap-
propriated to the payment of a dividend for the
half-year ending the 30th of Juno last, at the rate
of 6 per cent. per annum. The capital account
showed that £25,000 had been received, and £13,610
expended, leaving a balance of £11,390. The re-
venue account for the year ending June 30 showed
that £24,405 had been received, and £22,397 ex-
pended, leaving a balance of £2,008.
The CHAIRMAN said that a dividend earned from
revenue of 3 per cent. for the half-year would fur-
nish the best commentary upon the text of the re-
port. The company's operations had been but
recently undertaken, and the usual incidents had
occurred—partial success and partial failure, the
former of a nature to afford grounds to hope for its
continuance and increase, the latter being suffici-
ently explained by the want of judgment in a par-
ticular agency which had since been re-modelled.
The principles on which the company had proceeded,
of endeavouring to act with rather than against ex-
isting associations had been appreciated, and enabled
the directors to secure the good will and co-opera-
tion of others engaged in the same pursuit, They had
proceeded cautiously, and were enabled, notwith-
standing losses from causes they had no reason to
anticipate, to recommend a dividend upon the re•
sult of the half year's working. The company had
advantages over other parties in India of capital
and systematic organisation, with officers specially
trained in the great carrying establishment of this
country, and selected for their high qualifications.
Those gentlemen had, as a body, fully justified the
expectations of the board, and the shareholders
might rely upon their interest being safe in their
hands. He concluded by moving that the report
and accounts be approved and adopted, and that a
dividend be declared at the rate of 6 per cent. per
annum, free of income tax, for the half-year ending
the 30th June, payable on and after the 19th inst.:
Mr. W. HARTRIDGE seconded the motion, and it
was carried unanimously.
On the motion of Captain J. A. ANGUS, seconded
by the Rev. H. WALDRON, Mr. J. E. Coleman and
Mr, G. Engstrom, the retiring auditors, were re-
elected, with an allowance of 10 guineas each.
The proceeding concluded with a vote of thanks
the chairman and directors.