The Sun.
London, England, 1853-02-21 00:00:00

NOTE.

The total amount of interest duo on the
mortgage debt of .Ne company for the six
months is ... •• • ... £59,084 5 2
Which being deducted from the opposite
balance, will leave, available for dividend 63,807 11 9

£122,891 46 11

CR.
By balance from last half-year 72,905 6 2
Less proportion of the in-
terest on the mortgage
debt, due July 15, 1852 . £23,719 2 8
And third dividend, at 2 per
cent. per annum, on the
original 25/. stock, and 4
per cent per annum on
the B Stock, voted by the
general meeting, August
26, 1852 .. • .. 48,0520 5 0
71,801 7 8

Net balance ... • 1;1,103 18 6
By amount due from the Eastern Counties
Railway Company for six months' inter-
est and rent charge on Royston branch to
31st of December ... ... 8,400 0 0
By balance from revenue account to this •
,201,852 2 9
date

£211,356 1 3

By balance brought down _2122,891 16 11
The above balance of 63,8071. 11s. 9d. enables the
directors to propose a dividend at the rate of 21 per cent.
per annum on the original 251. stock, and of Si. per
cent. per annum on the B stock, with a balance of
3,7021. 2s. sd. for the next June account. The receipts
on capital account have been as follows : the amount re-
ceived on the original 251. stock, 4,808,4371. 10s. ; ex-
tension capital, 185/. ; preference capital, 1,297,927/.
15s. 3d. ; redeemable preferende capital, 750,000/. ;
balance in hand of religious instruction fund, 511 11s.
lid. ; temporary advances to traffic account, 138,0811.
lls. lOcr. ; temporary advances, 100,0001. The latter
sum was paid off in January last. The loans on mort-
gage are 2,596,5721. Of these the sum of 1,238,4401.
has been borrowed at 5 per cent. ; 706,8171. at 41 per
cent. ; 193,0921., at 3} per cent. ; and 100,0001. at 31
per cent. The expenditure on capital account during
the past half-year has been 323,4391. 6s. ld. ; and the
total payments 9,572,840/. 7s. 7d.. The balance in
favour of capital is therefore 118,415/. ls. sd. This
balance "includes the sum-invested in South Yorkshire

LEEDS NORTHERN.
The report of the directors to be submitted to the
half-yearly meeting on Friday next states that the amount
expended during the half-year ending Dec. 31st, 1852,
under the head of capital, was 60,453/. The directors
have adhered to the policy of postponing any further
calls upon the preference shares, and they have been en-
abled to meet the more urgent claims upon the com-
pany, chiefly by means of temporary loans and advances,
and by the sale of forfeited shares. They are also con-
tinuing their endeavours to renew the debenture loans
of the company at lower rates of interest, and they have
recently succeeded in obtaining considerable sums on
loan at 3i per cent. The gross traffic receipts during
the half-year were 38,513/., from which deduct working
expenses 18,4371., and Government duty 7541.
(being a
total of 19,2021.), leaving a surplus for the half-year of
19,3111., to which add the balance of last half-year, 1,607/,
and there remains a total disposable surplus of 24,918/. As
the eutire interest upon the company's loans on deben-
ture, as well as its other advances on loan, is now for the
first time chargeable against revenue, and the sum required
to cover these charges amounts to 18,467/.
remains a balance of 2,451/.-; and, inasmuch there only
as several
large sums are still due by the company as compensation
for the unfortunate accidents which occurred last autumn,
and which are chargeable against revenue, this balance
must necessarily be carried over to the next half-year's
account. This amalgamation, which, after mature con-
sideration, has been so fully approved of by this com-
pany, will, it is hoped, receive the sanction of the share-
holders of the two York companies to the improved
terms to be submitted to them. In the meantime, the
present independent working of the line has been placed
on an amicable and satisfactory footing as regards the
two other eel:lvan-lei; and, in case the assent
shareholders in those companies is obtained, as expected,
it is proposed that the interim working traffic arrange-
ments, until the act of Parliament sanctioning the amal-
gamation can be obtained, shall commence from the Ist
of April next. The requisite preliminary steps have,
in accordance with these arrangements, been taken to-
wards obtaining the act of Parliament to legalise the
amalgamation of the three companies under the name of
" the North-Eastern Railway Company."

UPPER INDIA.
The Upper India Railway Company gains steadily in
public opinion, and all the previous estimates of traffic
are found to be considerably under the the mark. Mr.
Robert Stephenson, the eminent engineer, has assured
to the undertaking his active support, with advice and
assistance whenever required.
From the paramount and acknowledged impoi tance of
this railway to the good governmept and prosperity of
India, the directors have every hope of obtaininig from
the Hon. East India Company the same terms and con-
ditions as have been already accorded to similar under-
takings the existing traffic securing a return on the
capital invested far beyond the amount of any guarantee
that could be required. The chief divisions of the line
are—

Ist. From Allahabad to Cawnpore, about 130 miles in
length. Allahabad is an ancient and populous city of
great fame and importance in the East. Crowds of
pilgrims resort to its sacred shrines and temples ; it is
the entrepot for the trope by the steamers and the larger
country craft, and a principal civil and military station.
Cawnpore is one of the largest military stations in
India.

2nd. About 80 miles in length to Ferruckabad, a civil
and military station, and the most important emporium
for the valuable products of the fertile province of Rohil-
cund.

3rd. About 90 miles in length, to Agra, once the
capital of India, and now the seat of the Government of
Upper Indi, or the Agra Presidency. Agra is besides
an opulent and commercial city.
4th. This section, about 100 miles in length, will ter-
minate at the imperial city of Delhi, connecting by
means of the railway the ancient metropolis of India with
permanently deep water in the Lower Ganges.
Future sections will carry the line on to Lahore and
the Indhs.