The Sun.
London, England, 1865-07-24 00:00:00

RAILWAY INTELLIGENCE.

LONDON, BRIGHTON, AND SOUTH COAST.

The report of the directors states that the amount re-
ceived on capital account to the 30th of Juno last was
£13,462,092 ; consisting of ordinary shares and stock,
£5,240,922 ; of preferential stock, £4,851,003 ; mortgage
debt, £2,081,385; and debenture stock, £1,288,782. The
amount of capital expended during the half-year was
£894,430. The gross revenue for the half-year had been
£496,458, showing an increase of £30,157 over the corre-
sponding half of 1864. There had been a steady increase
upon each item of traffic, notwithstanding the great reduc-
tion of passenger fares and goods rates. Active prepai ations
were being made at the port of Littlohampton for the traffic
to and from the opposite French coast, a sufficient fleet of
steamvessels would soon be at the disposal of the company,
and a satisfactory return might be anticipated. Tho work-
ing expenses and renewals amounted to £244,179, against
£220,273, showing an increase of £23,906. The expenses
were at the rate of 2s. 714. per train mile against 2s. 61da
and 50k per cent. of the receipt; against 48i per eont. of
the receipts for the corresponding half of 1864. Tho in-
crease in the working expenses arose from the additional
amount of work done, and from considerable repairs to the
line and plant, requisite for keeping them in the best order.
The bills promoted by the company in tho last Session of
Parliament had received the Royal assent, as had also
bill promoted by this company and the London and South
Western Railway Company for transferring to the two
companies jointly the undertaking of the Tooting, Merton,
and Wimbledon Railway Company, in accordance with
certain arrangements. By this act powers were granted to
the London and South Western Railway Company to can/
their intended traffic for Blackfriars and Ludgate over the
Brighton Company's lines between Streatham and Knight's-
hill, and to convey their goods traffic between the
Streatham junction and the Brighton Company's wharf
at Deptford. The Surreyand Sussex Junction Railway 100
promoted by an independent company, for a line starting
from the Brighton's Company's main line, about one mile
south of Croydon, and proceeding in a direct course for a
distance of 22 miles till it reached the Brighton Compare
extension from East Grinstead, at Groombridge, a short
distance from Tunbridge Wells. The lino would give to
the Brighton Company a direct route from Tunbridge
Wells, and in connexion with their authorised lines from
Groombridgo to Hailsham and -St. Leonard, a line to the
latter place and Hastings, nearly as short as any other
route which existed or could be constructed, The directors
had entered into a working agreement with that company
and had taken such steps as would result in the Brighton
Company being authorised to subscribe towards the capitals
and insure at the earliest possible moment the completion
of the works and the adoption of the line as part of the
Brighton Company's undertaking. The several worhe
in progress were proceeding satisfactorily, excepting that
the South. London and the Metropolitan Extension lince
had been seriously delayed by the difficulties in the ire°
trade. The portion between Peckham and Brixton require 1
by the Chatham Company was, however, nearly ready for
use, and when the whole of the South London lino ''
completed an accession of traffic might bo expected, larger
in proportion than that derived from any previous exteTl"
sion of the company's system. The lino from Horsham t°
Guildford was completed. Tho Banstead and Epson
Downs lino was opened for traffic on the 22d of May. Th°
lines from Leatherhead to Dorking and from Dorking L°
Horsham were progressing. The T unbridgeWells linos wel:e,
also approaching completion. The net amount at the credit
of the revenue account wa5£131,055, out of which the dire:
tors recommended the payment of a dividend at the rate 0'
21 per cent. for the half-year, leaving a balance of .£2,731,
to the credit of the current half-year. The capital accent
°
showed that the total authorised capital of the compaei
was £16,902,900, and the amount expended to the 30th °
June, £13,874,164, leaving £2,928,735 unexpected.
revenue for the half-year showed that £496,458 had bee°
received, and £244,179 expended, including £16,390 f°',
rates and taxes, and £12,198 for Government duty, WI
a balance of £252,279, out of which £127,200 was dedueteu
for interest on loans and preference charges, leaving, wit.
£5,976 from the preceding half-year, a balance of .£131,05°'