The Sun.
London, England, 1853-03-15 00:00:00

William Wellington Cooper, Esq., New-square, Lincoln's inn.

SOLICITORS.
Messrs. Hill and Mathews St. Mary-axe.
, RESIDENT SECRETARY.
Charles W. Bevan, Esq.

The public Is respectfully invited to examine the principles of the
Deposit System of Assurance, which is based upon tables calculated
by, and Is under the immediate supervision of, Francis G. P. Nelson,
Esq., F.L S., the Consulting Actuary to the Company. •
Comparative Tables to assure 5001 on death, by a person aged
twenty next birthday, on the ORDINARY and on the DEPOSIT system
of Assurances.

ON THE ORDINARY SYSTEM.

Passages narked * are

The sum the ordinary
The sum the Life offices would give
RAILWAY INTELLIGBNOE.
ordinary lao him if he were unable
Offices would to pay, or jibe omitted •
At the His give him for to pay his current CALEDONIAN.
end of policy the surrender annual premium of The report of the directors, to be subiti
th Annual thirty at that or sale 81. 6s. 3d. after he has
~1 premium years when age, of his policy, paid into their coffers shareholders on the 22d inst., states that 1
..1 to assure the party in case after thirty 2491.75.6 d., and which for the six months ending the 31st of Janua]
5001. is fifty of years'payments they have had the use payment of the charges shows a free balan
A years old, death amounting to of at compound
«.among hewill have will be 2491.75. 6d. interest, or in sion the stockholders of 54,8991., of
a
o, paid Into worth which theyhave the event of his death amount required for the preference dividend
the office. had the benefit one hour after such leaving available for the ordinary stock 39,
•C of at compound omission or inability
interest. to pay. of this sum the directors recommend a divk
rate of 2 per cent. per annum. This remit
—
little more owing to increased traffic, but' reduction in
20 81. 45. 3d.249/. 73.6 d 5001, than 801. NOTHING, interest on loans and economy in working
perhaps 90/. t,..-.1..... --L--!-11-. L--L-n--L--.1 Mk- L-
,

ON THE DEPOSIT SYSTEM.
Ifunable to pay, or not
desirous of paying or
omitting topay,thePo-
licy would still remain
of its FULL value,
522/.2c7d.ti1l death, if
20 years after, no fur-
ther payment beingre-
quired. Ifhowever the
party, from any cause,
wished to cancel the
Policy, he could not
onlydravr out all hehas
put In, viz., 2251., but
26 IL 108 Od 2251. 5221.257 d 2871. 2s. 9d. a certain bonus of 62/.
2s. 9d. in the bargain,
which is more
than one-fourth of the
whole of his payments,
or he could either draw
out a part, 201. or 501.,
diminishing the Policy
only by the assured
value of the suns se
drawn out at the age
when withdrawn. See
pagess and 7 n detailed
pamphlet, by
F. G. P. Neison, Esq.

in direct.
Fore Cabin.
To or from Gravesend and London.. •• lOd.
Gravesend and }Rockwall or Woolwich Bd. ..
Between Gravesend and Intermediate Piers.. 6d. ..
BOAT TICKETS.—TweIve Months, 5, Os. ; Six Mont
Three Months, 21. Os. ; to be had of the Collectors on
Packets; or of Mr. Monk, Terrace Pier, Gravesend.
Fast and Commodious Packets to Let for Excursions. For Terms,
apply to Mr. W. Morran, Agent, Star °nice, Fenchurch-street Ter-
minus, Blackwall Railway.
February 13th, 1853.

Os.
Os. Bd.
ths, 31. Os. ;
board the

The report of the directors, to be submitted to the
shareholders on the 22d inst., states that the revenue
for the six months ending the 31st of January, after the
payment of the charges shows a free balance for divi-
sion among the stockholders of 54,8991., of which the
amount required for the preference dividend is 15,6481.,
leaving available for the ordinary stock 39,2501. Out
of this sum the directors recommend a dividend at the
rate of 21 per cent. per annum. This result is mainly
owing to increased traffic, but reduction in the rate of
interest on loans and economy in working the traffic
have also materially contributed. The traffic for the
half-year ending 31st January last amounted to
240,0221., and for the corresponding period of 1852 to
215,1751., showing an increase of 24,8471. The work-
ing expenses for the former period amounted to 93,5161.,
or 39 per cent., and for the latter period to 92,5631., or
43 per cent., showing an increase of only 9531, in the
expenses, while the increase in the receipts for the same
period amounted to 24,8471. The debenture bonds
falling due during the last six months have been re-
newed at 34 per cent. The company's relations with
neighbouring railways are on a satisfactory footing.
The identity of interest of the Caledonian and Edin-
burgh and Glagow Companies, and the fairness of
the working agreement are every day more apparent,
in the harmonious, and mutually advantageous
management of the traffic on either side. A good under-
standing has been come to with the Glasgow and South-
Western and. Scottish Central Companies. The agree-
ment with the Edinburgh and Glasgow Company has
been modified, in one respect, from the terms of the me-
morandum submitted to and approved of by the proprie-
tors on the 9th of June last. Instead of the working
expenses of the two companies being kept distinct during
the first five years, it has been arranged that the Cale-
donian Company shall work the Edinburgh and Glasgow
lines at 35 per cent. of the latter company's share of the
gross earnings, till the entire working charges of both
railways shall be brought below that rate, in which event
the percentage will be the same to both. The report
states that the alteration will tend considerably to re-
duce the expenses of the two concerns, admitting of one
management, which could not otherwise be beneficially
carried out, and which constitutes the chief merit of the
change. The bill introduced into Parliament gives effect
to the alteration. Two other bills are being promoted
—one, for the connecting branch with the Edinburgh
and Glasgow Railway, near Glasgow ; branches to the
harbours of Greenock and Port-Glasgow; the extension
of the Barrhead line to Crofthead ; the erection
of an hotel at Glasgow ; and the funding of the
debenture debt. The other bill, for a branch to connect
Clydesdale with the Glasgow and Paisley joint line.
The estimated cost of_all these works does not exceed

117,0001., a portion of which will be borne by the Edin-
burgh and Glasgow Company. The report of Mr. R.
Sinclair, the manager, states that the plant has been
kept up at its full intrinsic value, and has been employed
in conveying a largely increased traffic. The passenger
trains during the half-year ran in the aggregate 478,081
miles, the goods trains 309,123 miles, and the mineral
trains 253,784 miles—total 1,040,988 miles ; and the
pilot engines 106,881 miles. The total cost of locomo-
tive power was 33,2401., including 10,1301. for repairs,
being at the average rate of 7.61 d. per mile, including
2•43 d. for repairs. The cost of working the carriage
and waggon stock was 1,643/., or 0•47 d. per mile, and
of repairs 1•70 d. per mile, making the total cost of
working stock 9 78d. per mile per train. The number
of passenger engines working was 59 ; repairing, 10 ;
renewing, 4 ; total, 73 ; and goods engines, working,
43 ; •repairing,•B ; total, 51. The mean loads have been
for passenger trains 7•74 carriages, and for goods trains
25.88 waggons. The capital account showed that
7,453,639/. had been expended, leaving a balance of
188,9751. The ordinary share capital amounts to
3,147,4811., the preference shares to 745,1801., the loan
capital to 1,979,7271., and the guaranteed capital to
1,770,2261. ; total, 7,642,6151. The revenue account
for the half-year ending the 31st of January last showed
that 245,7541. had been received and 97,3041. expended,
including 3,7881. passenger duty and rates and taxes,
leaving 148,450/. Out of this sum 4,762/. is deducted
for feu duty and compensation, 45,619/. for interest,
1,5761. debenture charges, and 41,236/. guaranteed
dividends, leaving a balance of 54,899/.