The Sun.
London, England, 1853-09-09 00:00:00

RAILWAY INTELLIGENCE.

SCOTTISH MIDLAND JUNCTION.
The report of the directors of this company states
that on the Bth of July the Royal assent was given to
the act authorising the construction of the Blairgowrie
and Kirriemuir branches. The works will be proceeded
with at once, the lines being already staked out. The
increase in the traffic during the half-year amounted to
1,7581. over the corresponding period of last year. The
free balance on the half-year amounts to 6,3071., which
falls short by about 3001. of the sum required to meet a
similar dividend to that declared last ]calf--year. But
the directors do not hesitate to recommend the pro-
prietors to divide, as they did then, at the rate of 21 per
cent. per annum. The directors are of opinion that an
amalgamation with the Scottish Central Company, as
regards the interchange and appointment of traffic, would
be beneficial to both companies, and they intend to sub-
mit for that purpose the heads of a proposed agreement
for the approval of the proprietors. The directors feel
satisfied that the interests of the two companies are
identical, and that a union of the sort cannot be viewed
otherwise than as cementing in closer alliance two links
in the continuous chain of the great route between the
north and south. The capital account to the 31st of
July last amounted to 665,1201., and the expenses to
660,826/., leaving a balance of 4,2941. The revenue for
the half-year ending the 31st of July amounted to
18,0851., and the expenses to 11,7771., leaving 6,3081.
To this sum is added 3,2381. from the last account,
making 9,5461.

SHREWSBURY AND BIRMINGHAM.
A meeting of shareholders in this company resident in
Liverpool was held there yesterday, to consider the
present position of the company ; Mr. Arnaud took the
chair.

Mr. SCOTT (one of the committee appointed by the
shareholders to look after their interests) commented
at considerable length on the conduct of the directors,
and recommended the shareholders to appoint a more
independent and unbiassed directory.
A long discussion ensued, and ultimately it was
resolved,

" That this meeting is of opinion that the question of
amalgamation on a traffic agreement with either the
Great Western or the London and North Western
Railway Companies should not be entertained until,
after the general half-yearly meeting, when the new di-
rectors will have to be elected ; and that this meeting
further resolve to support the election of such directors
as will pledge themselvas not to enter into any agree-
ment with either company except on the terms of a
guaranteed delivered of 4 per cent. per annum."
Lo-

-
slial'rreholdjZo°fNthisAcNompaSn:UonTH"
Mr, IV- P. Snell hasp ddressed an able letter to the
the subject of the pro-
WESTERN.
Posed extension lines to Exeter, and the general policy
of the compan, in which he suggests that before pro-
beeng witt, either of the extensions, endeavours should
made to come to Western Campan Peaceable terms with the Great
y for a period of
ye
least 21 ars. He
proposes that a committee of shareholders be formed for
the purpose of urging upon the directors, with all the
weight the prop.rietora can command, the most pacific
and prudent policy that ma be possible for them to
adopt.

GR A.ND JUNCTION Olipt:R,AtNreEfe.rring
to
It is proposed to confirm the agreement entered into
tliatthctOhrtlept )ryiB tahnedrSigtdrir abnudrgobeli7ations of the co,pany
from Blesinef and St. Dizier to Gray.

[A DVERTISE3LENTd—HoIIoway's Ointment and pills
are superior remedies for the cure of erysipelas.--le
William Parsons , of St. George's, Pill, near Bristol, wasr
afflicted for upwards of two years with erysipelas in his
legs, so bad at ti mes as to lay him up for a month toge-
ther; the medics I aid he received, besides a weekly at-
tendance at the Bristol Infirmary, had no good effect
whatever in the Usease, consequently he determined on
giving Hollow; ay's Ointment and Pills a trial, and they
have been the: metc,ns of effecting a radical cure of his
al legsldruggists, in an aln lost unprecedented short time.—Sold by
: and at .Profetwor Holloway's establishment,
244, Strand, ) Lend ort,

EDINBURGH, PERTH, AND DUNDEE.
The report of the directors states, that the act for
the arrangement of the company's affairs received the
Royal Assent on the 4th of August. Provision is made
for the representation at the board of the several classes
of creditors and preference shareholders. The first-
class debenture holders, the bank creditors, the ordi-
nary contract creditors, and the two classes of prefer-
ence shareholders, have each the appointment of one
director, the ordinary shareholders having the nomina-
tion of the remaining five ; the direction to consist of
10 members, as at present. The present board will be
reconstituted on the 9th of November, when five of the
present directors will resign their seats to make room
for the corresponding number to be then elected by the
creditors and preference shareholders. The debenture
holders are further invested with the election of one of
the two auditors of the company. Power is given to
convert the loan capital into debenture stock or annuity
bonds, bearing a fixed preference dividend or annual
payment. The whole of the rolling stock and move-
able property is placed beyond the attachment of cre-
ditors, and permanently secured for the uninterrupted
working of the traffic. To the prosecution of the mea-
sure, which has now passed into law, and the protracted
negotiations which preceded it, the time and attention
of the board have almost exclusively, been devoted
during the last 18 months. The revenue for the half-
year ending the 31st July amounted to 64,0201., and
the expenses to 39,3121., leaving 25,60&1., which, added
to 5751., the balance from the last account, makes
26,1831. By the Arrangements Act this surplus is
appropriated to the following purposes :—First charge
payable on the 15th of May—interest ona existing deben-
ture debt, 13,9901. ; interest on debentures in respect
of ferry :claims, 7521. ; interest on debentures to be
issued to land claimants, and on special claims over the
company's vessels, 1,5001. ; total amount of first charge
for the half-year, 1,2421. Interest on debentures to
bank creditors and others, 6,498/. ; interest on deben-
tures to the ordinary creditors from 15th May to 31st
July, at the maxinzum, rate of 3 per cexit. per annum,
1,7201., making the amount of the second charge on net
revenue, 8,2181,, leaving a balance of 1,722/, applicable
to the payment of a dividend on the Granton preference
shares for the half-year. The traffic receipts for the
half-year show an increase of 3,3471. over the corre-
sponding period of 1852, and the expenditure an in-
crease of 3,4321. over the same period_ The result is
partly accounted for the general rise in the price of ma-
terials. The entire expenditure in th,a locomotive de-
partment showed the cost per mile per train to be 9.08 d.
in 1853 against 8.28 d. in 1852. The capital account
shows that 2,762,6921. had been received, including
277,2101. on the Granton section, and 2,983,1751. ex-
pended, including 436,5901. on the Granton section,
leaving a balance against the company of 220,4831. The
average consumption of coke was at the rate of 18.181 b•
per mile for passenger trains, and 37.431 b. per mile for
goods trains—the average being 28.751 b. The train
mileage shows an increase of 23,108 miles over the cor-
responding period of last year. Of this increase 11,355
miles were run upon the St. Andrew's Railway, which
was not open at the same period last year.