The Sun.
London, England, 1865-11-27 00:00:00

GRAND TRUNK OF CANADA,

The traffic receipts on this company's lines for the
week ending the 4th inst. amounted for local pas-
sengers to £7,723, for foreign passengers to £3,653,
for emigrants to £360, for mails, &c., to £829, for
local freight and live stock to £14,240, and for fo-
reign freight and live stock to £2,349 —total, £29,064,
and for corresponding week last year to £24,010,
showing an increase of £5,064. The total traffic re-
ceipts from the Ist July to the above date amounted
to £504, and for the corresponding period last year
to £433,930, showing an increase of £70,375, or
16.2 per cent.

PANAMA, NEW ZEALAND, AND AUSTRALIAN

ROYAL MAIL.

A general meeting of the company was held on
Friday at the London Tavern--Mr. E. Colville in
the chair.

The report, an abstract of which has appeared in
The Sun, was taken as read.
The CHAIRMAN, iu moving the adoption of the re-
port, said they had incurred a considerable outlay,
but he hoped that at the next meeting the share-
holders would hear of a considerable diminution in
that respect. The receipts of the company for the
six months ending the 30th of June were—for
freight and passage money £60,429, and for Go-
vernment subsidies £20,534, making a total of
£80,963. The disbursements, exclusive of charges
to repair, renewals, &c., were £65,155, leaving a
surplus of £16,808, which surplus would have been
larger but for the further loss sustained in working
the new line between Melbourne and the northern
and central provinces of New Zealand. This line
had been discontinued, and as the loss incurred
was included in the disbursements above mentioned
no further charges on this account could occur.
Notwithstanding this loss the directors were in a
position to recommend a dividend at the rate of 5
per cent. per annum clear of income-tax, leaving
£8,500 otherwise available. The Government of
New South Wales had agreed to pay an equal
moiety of the subsidy for the service between Mel-
bourne and Otago, which had just been commenced,
and for which the company were to receive £4,800
a year. The Government of New Zealand had de-
cided in favour of the higher rate of speed. He was
sorry to have to speak of the lawsuit which was
awaiting judgment in the Court of Queen's Bench.
It was an action brought against those persons who
had taken shares but who had refused to pay up.
Ile only hoped the judgment would be in their
favour, but he had not much doubt of that.
Several shareholders asked how much the cost of
this suit was likely to be.
The SOLICITOR said he thought the cost would
amount to about £l,OOO.
The report was then unanimously adopted, and a
divident at the rate of 5 per cent. per annum was

declared. A vote of thanks to the chairman con-
cluded the proceedings.

EAST INDIAN IRRIGATION AND CANAL.

The report of the directors states that the past
season had in India been specially obstructive to
open-air operations ; nevertheless, most praise-
worthy exertions had been made by the staff gene-
rally, and so that the anticipated satisfactory
state of things had been delayed only for a short
period. The commencement of irrigation only to a
small extent before the end of the current year was
confidently expected by the chief engineer, who
stated that further portions of the canal between
the Hooghly and Midnapore, and of the canal be-
tween the Roopnarain and Balasore rivers would be
opened before January next, and other reaches in
continuation before June next. All in tire Service
of the company appeared to have worked with dili-
gence and energy. and the result had been the ac-
complishment of a very satisfactory amount of work.
According to the statements by the chief engineer,
it would appear-1. That an early realisation of
profits from irrigation may with certainty (though
to a small extent at first) be anticipated; 2. That
by July next the company would be able to supply
a large area of land with water for irrigation from
the three main irrigating canals in the Cuttack
Delta ; 3. That by the same time further portions
of the canal intended to connect Calcutta with
Midnapore, and of the tidal canal intended to con-
nect Belasore with Calcutta, would be opened for
traffic. 4. That the tolls upon the still unfinished
first section of the Caleutta and Midnapore Canal
(the Oolaberiah Canal) had steadily increased, al-
though from the scarcity of boats, caused by the
cyclone of October, 1864, trade had become re-
strained for a time. 5. That the tolls on theßanka
Nulla Canal—the first section of the tidal canal—
had also increased. 6. That an arrangement bad
been concluded with the Bengal Coal Company for
the carriage of their coal through the Oolaberiah
Canal by the boats of this company. And 7, that
the remainder of the company's boats had been fully
employed with other freights. The receipts onlac-
count of tolls and other sources in India to June 30
last, and in England in respect of interest upon un-
expended capital to the 31st ult., showed a total of
£17,917. 'The six several works now in course of
execution would be more than provided for by the
present capital of £1,000,000; on the 31st ult. a
sum of £582,737 had been received on account of
capital ; and the expenditure in England and remit-
tance to India amounted to £519,109, leaving a
balance in hand in England of £63,628, of which
£lO,OOO had since been forwarded to India.