The Sun.
London, England, 1854-08-21 00:00:00

BRISTOL AND EXETER.

The directors' half-yearly report, just issued, states
that the gross traffic receipts upon the Bristol and Exeter
Railway, from the Ist of January to the 30th of June,
1854, (including the sum of 2,0441. 2s. 2d., received on
the Exeter and Crediton Railway, and due to the Bristol
and Exeter Railway Company), amount to the sum of
142,7971. 15s. lid., which is 25,0741. 16s. 2d. more
than in the corresponding half of the year 1853, al-
though the mail service was then estimated at
1,152/. 12s. lid, more than, under the new award, is re-
ceivable for the half-year. The disposable balance of
the general revenue account, including the sum of
7,1121. 2s. id. brought over from the previous half yen,.
is 49,1021. 12s. Bd., which will provide for a dividend
of 41- per cent. per annum, or 21 per cent. for tre half
year on your 2,000,000/. ofconsolidated stock, and leave
a surplus of 4,1021, 12s. 3d. The directors recommend
the proprietors to apply the sum of 3,000/, out of the
present surplus to pay the expenses incurred in promo-
ting the Devon and Dorset Bill. The moiety payable
by this company amounts to the sum of 13,6081., ex-
clusively v
delivered,
dt,hienbei lolnos
consequence
qouneen ef the
t he ecountryath
fsolicitors, no t;
but the 13,608/. have been
paid and carriedoa partner
to a sus-
penses account, in order that the sanction of the proprie-
tors may be obtained to the mode of charging it.

WITITEHAVENJUNCTION.
The half-yearly meeting of this company was held on
Tuesday, at Whitehaven, the
Earl of Lonsdale in the
chair.
J. S. YEATS read the report, which stated that
the gross traffic receipts amounted to 7,8931., and the
expenditure to 3,8091. The balance on the .proefintatTedd
loss account was 2,3391., and the directors were
to recommend a dividend of Bs. per share, to transfer
2001. to the reserve fund, and to carry a balance of 139/.
to the credit of the next account. The receipts as com-
pared with the corresponding period in 1858 showed an
increase of 1,436/. There was an increase of 4801. on
the expenditure, arising principally hi the locomotive
j
charffes. The oint working of the traffic with the
Whitehaven and Furness Railway had worked satisfac-
torily, anhd
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been able to do. The great increase that had taken place
the traffic:would render an addition to the rolling stock
absolutely necessary. The amount now expended
on the capital account was 5,196/. in excess of the
capital raised. Under the acts obtained last session the
company had power to raise 12,0001. by shares, and
4,0001. by loans. The present liabilities on capital ac-
count were 9,8591., to meet which it was proposed to
create additional share capital to the extent of 10,0001.
Resolutions were pgssed adopting the report, de-
claring a dividend of Bs. per share, and re-electing the
retiring directors.
The proceedings concluded with a vote of thanks to
the chairman.

WEST-END OF LONDON AND CRYSTAL
PALACE.

The directors of this company state in their half-
yearly report that the contractors have been put in pos-
session of above three lineal miles of land, including
those parts of the line having the heaviest works, and
which will take the longest time to complete; such
works are now being vigorously proceeded with. Al-
though to and from the Crystal Palace, together with
the local traffic which will be developed by the arrange-
ment with the Brighton Railway Company for working
continuously between the west-end and London-bridge,
will in itself return a high rate of remuneration for the
capital to be expended, the directors have thought it
their duty to take every means that would lead to the
line being also made available for the traffic of the
south-coast and the county of Kent with the west-end
of London. The arrangements already made with the
Brighton Company secure the west-end traffic of that
important line to this company. The directors are ad-
vised that the extension line to Farnborough, sanctioned
in the last session of Parliament, may be extended at a
comparatively cheap rate, so as to give complete ac-
commodation to Mid-Kent, and likewise to afford to
the south-eastern districts improved access to London.
They are now in communication with the parties
locally interested, and they have directed the en-
gineers of the company to furnish them with the ne-
cessary information to enable them to determine as to
future proceedings. The directors advert to the West-
minster Terminus Railway Act, by which powers have
been obtained for constructing a railway with a com-
modious station contiguous to the centre of Victoria-
street, and a line extending across the river to a junction
with the West-end line, on the- southern side of the
South-Western Railway. The directors were so im-
pressed with the importance of this improved terminus
for the railway, that they have given their willing con-
currence to the project, and a perfectly good under-
standing exists between the two companies as to future
proceedings. The Westminster Terminus Railway Act
authorises that company to extend their line to Manor-
street, Clapham, which is distant only about 21 miles
from the West-end of London line at Lower Norwood ;
and, as a junction would give a more direct line, enable
the company to dispense with a third line of rails on the
present works, and would likewise accommodate a very
populous neighbourhood, the directors hope to make
such arrangements as will enable them to ask the con-
sent of the shareholders to this extension.
The capital account shows that 48,6221. had been
received, including 5,2121. advanced from the Union
Bank, and 21,2581. expended, leaving a balance of
27,3631., of which 27,0001. forms the Parliamentary
deposit.