The Sun.
London, England, 1865-03-06 00:00:00

DUTCH RHENISH.

The receipts for the fortnight ending Feb. 15
amounted to £2,432, and for the corresponding period
of last year to i,8,651, showing an increase of £782.
The receipts since May 1, 1864, including the above,
amounted to £216,661, showing an increase, as
compared with the corresponding period of last year
of £33,258. The working expenses for the fortnight
amounted to £4,012, or 42.52 per cent, and for the
corresponding period of last year to £3,793, or
44.43 per cent., showing an increase of £219. The
working expenses from May 1, 1864, to Feb. 15 last,
amounted to £81,151, or 37.45 per cent., and for the
year 1863-64 to 38.16 per cent, of the receipts.

LONDON GENERAL OMNIBUS (LIMITED). ;
p k The report of the directors state that the balance
sheet differed from its predecessors, inasmuch as the
capital account was closed. On the 30th of June
last there remained a balance of £5,000 to the debit
of loan account ; this sum had since been paid, and
the loan debt of the company was now, therefore,
entirely liquidated. With this payment the direc-
tors had closed the capital account. The amount
of share capital originally authorised to be raised
was £700,000 ; of the 175,000 shares representing
this sum 148,525 only were actually issued, and the
capital raised was consequently only £594,100. At
the time of the present company taking over the
property and liabilities of the French company, the
charges on capital account for leases, buildings,
?Horses, goodwill, and other stock in trade were
1_5_52,981 ; bad debts incurred on capital account,
1,1,465 ; the first establishment expenses, £97,108,
making a total of £671,554. There was, therefore,
a deficiency of capital amounting to £77,454. On
Dee. 15, 1859, the directors received authority to
raise 160,000 b
equalise the capital
loanspita or debentures, in order to
account, and they obtained
power at the
same
tin
The sumlto cancel the shares remain-
ing unissued. desired could not be raised,
and the revenue funds
necessarily applied, as
far as they were availabelree, to the capital pur-
poses of the company, and a temporary loan from
the bankers supplied the residue. A t
a the close of
1864 the charges against the capital
brought within the amount of the share
leount were
capital.
The capital charges now consisted of
leases, build-
ings, &c., of £554,100 ; and the balance of
first
establishment expenses to £40,000, making a total
of £594,1000, which was equal to the amount raised
l
on shares. The value of the stores exceeded the sum
of liabilities by £5,938. The reserve fund amounted
to £40,276, of which the sum of £31,157 was invested
in £35,281. Consols, and the residue formed part of
the cash balance at the bankers. The comparison of
the financial positions of 1858 and 1864 showed a
decrease of liabilities of £41,916, and an increase of
revenue assets of £79,028; total improved condition

of the company £120,944; in addition to which the
number of horses and the value of the stock and pro-
perty were much greater than iiilBsB7l7eiross
receipts of the company during the past half-year
were £309,753, against £302,895 for tr e same half
of 1863, showing an increase of £6,857 ; and the
gross expenditure was £279,027, against £278,788,
showing an increase of £239. The net profit of the
working of thebusinessin the half -yearwas £30,725,
against £24,107 in the same half of 1863, showing an
increase of £6,618. The number of passengers carried
during the half-year was 22,004,262, and the number
of miles run by the omnibuses 6,332,844. The aver-
age number of omnibuses working daily was 600,
and the number of horses 6,413. The average re-
ceipt per mile run was 111 d., and the fare per pas-
senger 3441. The gross earnings per omnibus per
day averaged £2 16s. lid. The mileage duty paid
to Government during the half year amounted to
£26,387, or above £l,OOO per week. The direc-
tors had reason to believe with regard to this
item that before long some measure of relief
would meet with favourable consideration. The
balance available for dividend was £25,767, out of
which it was proposed to declare the usual dividend
of 5 per cent. per annum, with a bonus of. Is. per
share, making together 3s. per share, or at the rate
of 71 per cent. per annum, free of income-tax, leav-
ing a balance of £2,970.