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

Fast and Commodious Packets to Let for Excursions. For Terms,
apply to Mr. W. Montan, Agent, Star Office, Fenchurch-street Ter-
minus, Blackwall
February 13th, 1853.

.The sum the ordinary
The sum the Life Offices would give RA IL WA Y INTELLIG.ENCE.
ordinary Life him if he were unable
41.
Offices would to pay, or if he omitted
At the Ills give him for to pay his current CALEDONIAN.
end of policy the surrender annual premium of The report of the directors, to be submit
Annual thirty at that or sale 81.65. ,3d, after he has
,11 premium years when age, able policy, paid into their cofferson ,states shareholders the 22d inst. that 't
A to assure the party incase after thirty 2491.7 s 6d., and which for the six months ending the 31st of Januas
1., 500/. is fifty of ears'payments they have had the use payment of the charges, shows a free balani
.0 years old, death amounting to of at compound on among the stockholders of 54,8991., of
.4: hewill have will be 2491. 7s. 6d. interest, or in si
paid into worth whiehtheyhave the event of his death 0 amount required for the preference dividend
et the office, had the benefit one Dour after such leaving available for the ordinary stock 39,
.4 of at compound omission or inability
interest. to pay. of this sum the directors recommend a divid
_ „....—.. ____ rate of 2i per cent per annum. This result
little more
perhaps 901, in
20 8/.68.3d. 2491. 75.6 d 5001. than 801, NOTHING.
owing to increased traffic, but reduction
interest on loans and economy in working
L.- -I- --4.--t-11- --ta-M...4.--1 frl. - .I._.

ON THE DEPOSIT SYSTEM.
• Minable to pay, or not
desirous of paying or
omitting topay,the Po-
hey would still remain
of Its ?tax value,
522/.20.7d.ti1l death, if
20 years after, no fur-
ther payment beingre-
quired, Ifhowovcr the
party, from any cause,
wished to cancel the
Policy, he could not
onlydrawoutall hehas
put In, viz., 2251., but
20 /I.los Od 2251. 5221.257 d 287/. 2s. 9d. a certain bonus of WV,
2s. 9d. in the bargain,
which is more
than one-fourth of the
whole Olds payments,
or he could either draw
out a part, 201. or 501.,
diminishing the Polley
only by the assured
value of the sum so
drawn out at the age
when withdrawn. See
pagess and7in detailed
pamphlet, by
F. G. P. Nelson, Esq.

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 54,899/. of which the
amount required for the preference dividend is 15,6481.,
le,avir4 available for the ordinary stock 39,250/. Odt
of this sum the directors recommend a dividend at the
rate of 2i 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-yeat ending 31st January last amounted to
240,0221., and for the corresponding period of 1852 to
215,175/., showing an increase of 24,8471. The work-
' ing expenses for the former period amounted to 93,516/.,
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-merease in the receipts for the tame
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 Ea connect
Clydesda'e v,"th the Glasgow and Paisley' joint line.
The esemv ',7d cost of all these works does ?iot :exceed
117,000/., 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 33,240/., including 10,130/. 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 engir es working was 59 ; repairing, 10 ;
renewing, 4 ; total, 73 ; and goods engines; working,
43 ; repairing, 8 ; total, 51. The mean loads have,been
for passenger trains 714 carriages, and for goods trains
25.88 waggons. The •capital account showed that
7,453,639/. had been expended, leaving a balance of
.188,975/. The ordinary share capital amounts to
3,147,481/., the preference shares to 745,180/., the loan,
capital to 1,979,727/., and the gtiaranteed capital to
1,770,226/. ; total, 7,642,615/. The revenue account
for the.half-year ending the 31st of January last showed
that 245,754/. had been received and 97,304/. expended,
including 3,788/. 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,
1,576/. debenture charges, and 41,2361. guaranteed
dividends, leaVing a balance of 54,899/.