The Sun.
London, England, 1863-08-06 00:00:00

THE SUN, _LONDON, THURSDAY rEVaNING, AUGUST 6, 1863.

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India at the rate of 41 per cent. It appears to the directors
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that a new condition is attempted to be imported into the
existing contract between the Government of India and
this company. which would prejudicially affect the interests
of the original shareholders, by making the earnings of the
present line, which are steadily increasing, liable to con-
tribure to the payment of the interests to be guaranteed to
the shareholders of the cxtbnsion line. They intend to
submit the whole matter to an extraordinary meeting of the
company on the Sth of August, to determine by formal re-
sAution whether the offer of the Secretary of State for India
to sanction the proposed extension of the line at the reduced
rate of interest, " as part and parcel of the original under-
taking, and not separated," stall or shall not be accepted,
with all the necessary consequences, pecuniary or other-
wise, of such amalgamation.

STOCKTON AND DARLINGTON.
The report of the directors states that the revenue, in-
cluding the balance from the preceding half-year, amounts
to £251,506. The balance, after the payment of working ex-
penses and preferential charges, is Z 53,313, out of which the
directors recommend a dividend at the rate of 71 per cent.
per annum, leaving a balance of £1,903. The lines between
Barnard Castle and Bishop Auckland have just been opened
for public traffic. This last remaining link completes another
direct route between Newcastle and Liverpool. The hotel
at Saltburn-by-the-Sea was opened on the 27th of July.
The Act amalgamating the railway with that of the North-
Eastern Company received the Royal assent on the 13th of
July last. In issuing to the shareholders their last report
as an independent board, the directors allude to their high
appreciation of the confidence which from the opening, 38
years ago, has been extended to those who have had the
management of the undertaking, which was never in a
sounder or more prosperous condition than at present, and
the Amalgamation Act will, in the opinion of the directors,
insure the continuation of those advantages which the dis-
trict has hitherto enjoyed, and conduce to the general wel-
fare of the now united interests. The capital account
shows that £4,223,498 had keen expended, leaving a balance
of £102,335.

SAN PAULO (BRAZILIAN).
The directors of this company congratulate the proprietors
on the continued steady and satisfactory progress of the
company's affairs. Since the last report the weather in Brasil
has been more favourable for the operations of the contrac-
tors, and has enabled them to push the works vigorously
throughout the whole line. The option recently offered to
the proprietors of paying in advance of calls on a limited num-
ber of their shares has met with general approval, and will be
adopted once more when further funds are required, which
the directors contemplate will be towards the close of the pre-
sent year. The relations between the company and the Im-
perial Government continue on the most satisfactory footing.
It is, however, with much regret that the directors find them-
selves, in consequence of the diplomatic difficulties between
this country and Brazil, temporarily deprived of the per-
sonal co-operation of the Brazilian Minister, although his
Excellency, before leaving England, made such satisfactory
arrangements as will prevent any inconvenience to the com-
pany, should occasion arise for communicating with the
Brazilian Government. The report of Mr. Brunlees, the
engineer, states that the contractors' returns show that on
June 17th 4,721 men were employed on the works, together
with 607 mules and bullocks, being a great increase on the
number employed in the previous half year. The capital
account shows that £1,164,310 had been expended, leaving
a balance of £220,231.