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

BRISTOL AND EXETER.

---- - -
receipts upon
that the gross traffic
to the 30th of June,
The directors' half-yearly reportt,hejEusrtistiossluaeodd,
Exeter
1854, (including the sum o
Railway, from the Ist of Januaryamount
/. 2s. 2d., received on
-0741. ids. 2d. more
theand Exeter Exeter andß Creditorsailway
Company),Railway,
142,797/. 15s. lid., 'which is 23, _ _
__.,
al-
thoughi.o 521.
12t
sh.
than in the corresponding half of the year IbO3
1 ceivable for the half-year. The disposable balance
of
e 1 1 d. mail
more - sl L'i:,-_
1 the general revenue account, ir eluding the sum I
7,1121. 2s. ld. brought over from the previous half year,
is 49,102/. 12s. 8d , which will provide for a dividend
of 4 per cent. per annum, or 2f per cent. for the half
year on your 2,000,000/, of consolidated stock, and leave
a surplus of 4,102/. 12s. 3a. The directors recommend
the proprietors to apply the sum of 3,0001, 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 of the bill of one of the country solicitors, not
yet delivered, in consequence of the death of a partner ;
but the 13,6081. have been paid and carried to a sus-
penses account, in order that the sanction of the proprie-
tors may be obtained to the mode of charging it,

WHITEIIiVEN JUNCTION.
The half-yearly meeting of this company was held on
Tuesday, at Whitehaven, the Earl of Lonsdale in the
chair.

Mr. J. S. YEATS read the report
, which stated that
to 8tb931.P d the
expenditureth e g-re ss traffic
,rBeoc e9ilp. t s
The
eonuanlntaede e to
on 7,
loss account was 2,339/., and the directors were enabled
and
ere
transfer
faanbslfeedr
' to recommend a dividend of Bs. per share,
2,001. to the reserve fund, and to carry a balanceto
of
to the credit of the next account. The receipts as 1391.
pared with the corresponding period in 1858 shower
increase of 1,4361. There was an increase of 4801. onan
the expenditure,.arisingpyincipally in the locomotive
charges.
The joint -working of the traffic with the
Whitehayen and F arness railway had worked satisfac-
tOYU W
, and bad enabled thebitelfaiTen*Corapiny to cal-I'y
on a much larger traffic than they would otherwise have

been able to do. The great increase that had taken place 1
the traffic would render an addition to the rolling stock
absolutely necessary. The amount now expended
on the capital account was 5,1961. in excess of the
capital raised. -Under the acts obtained last session the
company had power to raise 12,0001. by shares, and
4,000/. 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 passed 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 48,622/. 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.