The Sun.
London, England, 1854-08-11 00:00:00

BANKRUPTS.

Georgo Tap'in, carpet warehouseman, Wood-street,
Cheapsido, to surrender, August 23, at twelve, and Octo-
ber 2, at one, at the Court of Bankruptcy. Pennell, official
assignee, Guildhall-chambers ; Chidley, Gresham-street.
Henry Bennett, linen dr, iper, Christchurch, Hants, Aug.
21, at one, and Sept. 19, at three, at the Court of Bank-
ruptcy. Edwards, official assignee, Sambrook-court ;
Ashurts, Waller, and Morris, Old Jewry.
Michael Soloman, china dealer, Lambeth-walk, Aug.
24, at half-past eleven, and Sept. 22, at two, at the Court
of Bankruptcy. Whitmore, official assignee, Basinghall-
street ; Sydney, Aldgate.
Frederick Hawse King, carpenter and builder, New
Shoreham, Aug. 18, at eleven, and Sept. 22, at two, at the
Court of Bankruptcy. Carman, official assignee, Alder-
manbury ; Cutler, Doctor's-commons.
James Wild, cotton spinner, Hurst, Ashton-under-Lynn,
Aug. 22, and Sept. 19, at twelve, at the Manchester Dis-
trict Court. Hernaman, official assignee, Manchester ;
Ascroft, Oldham; Cobbett and Wheeler, Manchester.
James Wovenden, eating house keeper,
,Manchester,
Aug. 25, and Sept. 15, at twelve, at the Manchester Dis-
trict Court. Hernaman, official assignee, Manchester;
Cohen de Lara, Manchester. _ _

--Tll;roas Mellor and Samuel Eason, merchants, Liver-
pcol, Aug. 23 and Sept. 18, at twelve, at the Liverpool
District Court. eazenove, official assignee, Liverpool ;
Haigh, Liverpool ; Sale, Worthington, and Shipman,
Manchester.
Mosely Nathan, watch manufacturer, Liverpool, Aug.
23 and Sept. 18, at eleven, at the Liverpool District
Court. Morgan, official assignee, Liverpool ; Roby,
Liverpool.
John Ffooks, brewer, Sherborne, Dorset, Aug. 22, and
Sept. 23, at one, at the Exeter District Court. Hirtzel,
official assignee, Exeter ; Mehnoth, Sherborne ; Stogdon,
Exeter.
Samual Garratt, contractor, Perran-wharf, Cornwall,
Aug. 22, and Sept. 28, at one, at the Courtof Bankruptcy.
Hirtzel, official assignee, Exeter ; Smith and Roberts,
Truro ; Stogdon, Exeter.
John Sturgis, baker, MaiLlstone, Kent, Aug. 22, at half-
past two, and ept. 23, at two, at the Court of Bankruptcy.
Lee, official azbignee, Moorgate-street ; Hughes, St. Swith-
in's lane.

James Abrrtham Smith, lightertnan, Lambeth, Aug. 26,
at one, and Sept. 25, at two, at the Court of Bankruptcy.
Edwards, official assignee, Sambrook-court; Chidley, Gre-
sham-street.
Thomas FreKlericGoodger, omnibus proprietor, Bromley,
Aug. 25 at half-past twelve, Sept. 23 at one, at the Court
of Bankruptcy; Whitmore, official assignee, Basinghall-
street; Sadgrove,
Mark-lane.
loorge Lowry, flax spinner, Salford, August 22, and
William Cleldart, shi *owner,
September 19, at twelve, at the Manchester District Court.
Fraser, official assignee, Manchester; Sale,
and Shipman, -Manchester - Worthington,
15, a t eleven, and September 27, at twelve, at the New-
. caotic-nr..0144ze District Court. Wairaeh OZ°Wil”iglee'
North Shields, August

RAIL IV AY INTELLIGENCE.

LONDON AND SOUTH-WESTERN.

The half-yearly meeting of this company was held yes•
~erday at the Assembly-rooms, York-road, Mr. W. J.
Chaplin, M.P., in the chair.
The report, an abstract of which appeared in The Sun. of
Friday, was taken us read.

The CHAIRMAN, in moving the adoption of the report,
said that the directors flattered themselves that their traffic
account would meet with general approbation. (Cheers.)
The traffic of the past halt-year was the more satisfactory,
inasmuch as it was altogether apart from the influence of
exhibitions, encampments, or other sources of extraneous
attraction, and the increase might, therefore be fairly sup-
posed to arise solely from the facilities given by the railway
to the traffic. The Parliamentary returns showed that the
visitors to Hampton Court Palace, Kew-gardens, etc., had
greatly decreased since 1851, and it must, therefore, be as-
sumed, that the increase in their traffic mainly arose from
the increase of buildings and the local population in tile
district. The increase in the number of passenger on their
lino during the past half-year (including the double jour-
neys, but excluding the season ticket holders) amounted to
210,067. Of that number the increase on the Windsor
ttoicinpoatleiossnsthwahniclhs9t,hBelod.
irTechtaotrswfeonrmt fearrlvtoe
nc
toenrltr,itnn
etdh e
as
to
line, including the loop line and Richmond, and amounted
au-
the increase of traffic which must take place when a rail-
way was carried into the district. The increase in the
number of pa•sengers by the railway during the period
mentioned had been—to Kew, 12,194 ; to Hampton Court,
4,521 ; and to Richmond, 13,582. He had shown them that
their suburban traffic had largely increased, and he might
also mention that on the main line, and especially on the
Dorchester line, there had been an increase of the traffic
from every station, with one exception - the village of Lyni -
burst. That that increase must influence the amount of
their expeueiture they would readily see, the more espe-
cially when they added to it an increase in goods and coals
of 70,000 tons. If the main quantity of that traffic went
to Southampton or Portsmouth, their expenditure would
be only increased at the termini. But it was not so, and
it was a curious fact, arising, perhaps, from the war, and
the derangement of commercial affairs consequent thereon,
that the traffic at Southampton had increased less than on
any other portion of the line. They would therefore see
that the developement of their traffic could not fail to add
to their expenditure by rendering necessary the widening
of of sidings, the extension of of stations, the making
plat-
forms, &c. the growth 'of trade proving that they had been
originally formed on too limited a model-. That brought
him to the portion of the report in which the carrying a
part of the expenditure f, r additional plant and rolling
,tock to the account was alluded to. He wished to be par-
ticularly understood on this subject, because the closing of
the capital accour4t had long been a vexata questio, and had
created a continual want of confidence oetween the share-
holders and the beards of the respective companies. In
18 it) the directors published, after much consideration, an ,
estimate of the liabilities of the company. The total was
640,8511. for works on lines which they determined to pro-
cee_t with, after abandoning their western extensions, and
cutting short the Alton and W her lines. Of that amount
181,617/. had been expended on works then estimated for;
143,4451. on. matters not traceable in that estimate, so that
they had. 13,789 . of that original estimate still unappro-
priated. Since that time it had their pleasure to deter-
nine on the completion of the Alton line at an expense of
39,9121. ; the extension from Basingstoke to Salisbury,
i9,b751. ; and to reador the capital expended on the North
Devon (which he was
happy to say was now open), useful
oy the further expenditure of 30,094/. They all knew that
in February last they sanctioned the carrying of au expen-
diture of 48,0531. for mactii.,er and plant, and 25,684/.
for additional sidings
total amount expended to the capitalon capital account sincethe estimate
of 1850 was 890,3/61. In 1852 the rolling stock was found
to be too small to meet the increase of the traffic, and
50,000/. was voted for additional stock, which was to be ex-
tended over a period of five years, and
paid out of revenue.
That arrangement was carried out for five half-years, • and
25,0001. out of the 50,00:3. was so paid out of revenue, and
the other 25,0001 was placed to capital, under the resolu-
tion of February last. It appeared from general observa-
tion, that the amount of capital expended on working
stock in the various corn
anies approximated as nearly as
possibleto the amount of their yearly revenue. Theexpense
of their plant did not bear that enormous proportion to
theirgeneral
capital as in some other companies. In 1849
their yearly revenue amounted to 530,8761., which was
p
earned by rolling stock, the value of which was 527,2231.
Their revenue for theyearending 30th June, 1854, amounted
to 720,0001. • so that,- according to the rule of three, about
115,0001. additional ought to be put to the capital account
for rolling stock. He did not wish to compare their line
with others but it did appear that their locomotive charges,
according tothe mileage were lower than those of their neigh-
bours, though a large plant could always be worked more
economically and with less wear and tear than asmall plant.
Since 1849 they had increased theirrovenue by 200,000/. while
, si
they had only increased the value of their rolling stock to
618,0006.—at which Allow stood—against 720,0001. annual
receipts. In the accou.nts now before them an amount of
24,066/. had been expended on plant since January last,
13,519/, for stations tlitigB'
Sze., and 7,4971., a proportion
of the expenditure on the relaying the permanent way, had
been carried to asuspense account for further consideration.
During the next half-year the directors proposed to have the
whole subject connected with the plant thoroughly investi-
gated and endeavour to learn what other companies con-
sidered they were justified in charging to capital for working
plant. At the next half-yearly meeting the result of their
labours would be brought before the shareholders, and a
vote submitted for putting their stock into au efficient
state, which would finally close the capital account.
(Cheers.) When any fresh lines' were undertaken, or, if
audrethtoougthhet
the increase of their traffic would justify a further expen-
Londou to
expen-
diture for its accommodation, the matter would be brought
before the shareholders, who would themselves have to
determine the principle upon which the now capital should
be found. In order to avoid the risk of accidents, from
capital. With
Kit
th i
advisable
gd
se
Kingston,
i av
net
dostate i
el owcf
thttahhhrogae iiewbrfc.aihylcitooknhlaciere,7,:tntf4ho;etht7l(ell.
oi
Irnetieoxnecteit:ptoefhernrsneodnmihyt suspense o
f which
reserve account, holding
his observations might
ac-
count until the nex
have led them to anticipate might come against the town. ,
rheagdarbielentocahnayrgleiitlilaes
oituitigygh‘tvhhiacvhe
pauy at the next half-yearly meeting, the proprietors need I
not feel at all alarmed that any call would barnacle upon
t
them for money, as the company would be enabled to avail
of their borrowing powers to the extent re- '
quired. They had likewise a number of unissued shares
in the company, and there need be no fear that they did
not possess ample means to meet any expenditure without
resorting to a further call on the proprietors. At the la It
Awe tigg•-the 40149100- W..46.41100'1 tiaol3l to watt •
.. , ......
•