The Sun.
London, England, 1849-01-25 00:00:00

111111'
:

No. 17,577 J LONDON, THURSDAY 'al Tr 7151
*Veal 0,614-g

Rochester, and the result will show that the capital Was adequate to
the purpose.
The line from Gravesend to Rochester is on a different footing ;
the company were authorise I by their Act to purchase the railway
and canal, and to till up the canal, and double the line of railway,
so aS to form a part of the South-Eastern North Kent line, but no
prevision was made by Parliament far the payment of the purchase
money, nor any authority given to raise money for that purpose.
Parliament had, however, previously recognised the principle and
necessity of a grant of power to raise money for the purpose of exe-
cuting the works, by authorising the Gravesend and Rochester Rail-
way and Canal Company to raise 85.000/. by the creation of shares,
and 56,6661. by mortgage, a al ail the powers of the Gravesend and
Rochester Railway and Canal Company were vested in the South-
Eastern Railway Company by the Act of Parliament authorising
them to purchase the railway and canal.
The South-Eastern Railway Company purchased the Gravesend
and Rochester Railway an 1-Canal for the sum of 310,0001. ; paying
31,0001. in cash, and giving bonds for 279;0001., payable, with inte-
rest at three and a half per cent. per annum, in the year 1851, and
application will consequeetly be made to Parliament to raise the
sum of 358,9351., for payment of the purchase-money and interest.
The filling up of the canal, and doubling of the line of railway,
has b yen executed ty the South-Eastern Railway Company ; and
the line was opened by them for traffic as a double line on the 23d of
August, 1847.
In addition, the projr:etors authorised the payment of interest on
the No. 3 and No. 4 Shares; but they did not provida any specific
fund for such payment. i he amount paid np to the Ist instant is
159,166/. 175., and the further amount that will he payable under this
head is dependent in some me :sire ,in the time of opening the new
lines—it may be taken at 205,0161. 6i. 61.
Had this payment of interest on the No. 3 and No. 4 Shares not
been made, it would have been out of the power of the company to
main!ain, as they are doing, full faith with Parliament in censtruct-
ing those lines, to the completion of which Parliament itself looks,
and justly, with considerable interest.
The additional sum of 350,9851. will make the whole paid-up
capital of the company 9,466,3601., which will represent 296 miles of
railway open for traffic, and a locomotive and carrying stock of the
value of upwards of 600,0001., free from mortgage and other debt,
earning revenue, and subject only to the deduction of the working
expenses, rates and taxes, and of the rents of the Greenwich, the
Reading. Guildord, and Reigate, and the Canterbury and Whitstable
Railways, and the proportionate toll over the 6 miles and 40 chaihs
of the South-Western Railway.
The revenue produced by the lines open during the last year,
162 miles and 66 chains in length, was 449,7251. I Is. ld., or 2,7631.
per mile.
The pAley of the company for the last four years, that they should
timnselves he the carriers of goods on their own lines, has been
ad,,pted with entire success the receipts from goods, which aver-
aged weekly 6031. in 1844, amounted to 1,8161. per week in 1843 ; or
in the former year to 61. Its. per nine'per week, and to 121. per mile
per week 1:1 the latter.
This po'icy the directors believe will be still more successful
when applied to the traffic of the whole South-Eastern system of
Railways, and will then produce more than a corres,onding- increase
of receipts.
The proprietors will take into consideration, in estimating the ad-
ditional revenue to be obtained when the whole 296 :Mies of railway
are open, the anticipated improvement of the continental traffic in
passenger 6 and merchandise, the return to be derived front the
.North Kent line, the Bricklayers' Arms Junction, and the other
railways in pro, ress, as well as the general prospects of the country,
and the hope of a greater development of the existing traffic of the
South-Eastern district, and they will probably arrive at the conclu-
sion that the permanent dividend to be derived from their property is
not likely to be less than 6 per cent. ; ant if the proprietors have not
erred in the antici;:ations on which their original investment was
made, sill greater advantages are to be expected.
' The South-Eastern Railway Company holds, from its natural posl-

C.—Statement of the Liabilities and Assets of the Company on
Capital Account, Ist ot'January, 1849.
LIABILIT

.. 1,132,724 0 0

tion, the key to the land traffic passing from Europe into Great Bri-
tain, and cannot be dispossessed of it; and while it would be of no
advantage to speculate on the results which natst attend this situa-
tion, yet it would be booroper not to express th&opinion of the di-
rectors, that this position must be of great importance and advan-
tage to the company.
At the moasent, however, when the railway from Boulogne to
Paris was completed, the French revolution took place, and from
that time to the present there has not been as much Conti: ental
traffic as there was before the opening of the French lines of
railway.

X s. d

The -disruption of the political relations of Europe, by which com-
merce generally has suffered, has naturally been visited on the South-
Eastern Railway, as the great highway to the continent.
In the last twelve months only 44,110 passengers crossed to and
from Folkestone and iioulogne by the steamships, and In the pre-
ceding twelve months, when the French lines were not opened, the

Works, land, stations, permanent :biaterials and
Electric Telegraph ..
Lo omotiva enginss and carrying s te.ck for new
lines ••• •• ~
Interest on No 3 and No. 4 Shares •..
Mortgage debt falling due from the. year 1849 to
to the year 1856 .
Accounts in dispute of contrac-
tors, engineers, surveyors, and
solicitors, and which are pre-
ferred to arbritation and to be
taxed . • ..
Amount Invested in South-Eastern
Railway shares to meet the above 128,054 0 0.1

number of passengers was 49,514. .
The establishment of a settled Government in France, and the
continuance of peace throughoit Europe, may fairly be expected to
be attended by a resumption of the ordinary extent of coramunica-
Con with this country; and it will be a solitary exception iii r 11•
way experience, if the means now existing of reaching raris daily
in twelve hours from London, by the South. Eastern route, have
not the effect of increasing greatly the number of travellers.
The directors have always looked to the extension of the railway
system on the Continent and to the completion of the lines pointing
to the. Mediterranean with peculiar interest.
To do justice to the Continental traffic, it is essential that the
short sea passage from Folkestone and Dover to Boulogne and Calais
should be performed at hours to suit passengers, and by the best
class of steam-ships, and this, it is well known, Ills been admirably
effected by the steam-ships of the South-Eastern and Continental
Company, which have made 3,433 passages without a single accident
—the time occupied in the voyage of 26 miles from Folkestone to
Boulogne varying from one hour and three-quarters to two hours
and a quarter.
The revenue of the London, Folkestone, and Dover line, depend-
ing, to an important extent, on the facilities and certainty of quick

103,900 0 0
205,016 6 6

.. 1,201,227 0 0

$.96,800 0 0 1

ASSETS,

£2,617,867 6 6

Cash at bankers
Sandry credits • .
Calls in course of receipt
Cats to be made • .
Shares unallotted
Share capital not raised ..
Mortgage powers not exercised ••
Mortgage debt not capitalized •• _ •
Scuplts livid and property • •
Ain,-itint to be rakcil by authority of 7 ?it:Val.:lent for
payment of thepur ehase-moneyof the Gravesend
and Rochester Railway, and intere 51 thereon ••

•• £104,747 18 0
14,812 5 1
• •
.. 125,160 0 0
• . 732,657 0 0
141,760 0 0
.. 340,000 0 0
. • 231,325 0 0
.. 353,050 0 0
.. 2.53,370 0 0

passages to and from Boulogne and Calais, the directors are of opi-
nion that !t is desirable that the South-Eastern and Continental
Steam-ship Company should be merged in the South-Eastern Rail-
way Company, as the sea service requires to Le pet formed more with
reference to its advantage to the railway than to that of the proprie-
tors of the steam-boats.

It is requisite that greater facilities should be given for the con-
veyance of merchandize between Folkestone and Boulogne, by which
the South-Eastern Railway Company has hitherto benefited but
little, than the steam-boat proprietors as an isolated company can
afford to provide; and, although the case might be met by a general
guarantee from the railway company on all the passen,ers and mer-
chandize carried by it and the steam-ships, there would be greater
Fimplicity, and more effective combination, were the two undertak-
ings united.

It has been shown that the ultimate capital of the railway will be
9,466,3601., whilst 130,000/. has been sufflcie,4 to provide eight splen-
did steam-ships for the daily crvice to France. . .

With regard to the disputed claims on the company, alluded to in
a previous half-yearly report, and which are all referred to arb'tra-
tion, comprising the claims of the contractors, engineers, surveyors,
and solicitors. amounting to 196,8001., the directors believe that they
will be settled for the sum set apart to meet them, viz., 138,0401.,
which has been invested for that purpose in the stock of the South-
Eastern Railway Company, as offers have been made to the
directors to compromise the principal claims on a reduction of up-
wards of 60,0001.
The directors consider that the science of working rat
economy is still in its infancy, and can be only attain

and great experience ; and. they have the most confider
Hon that great improvements will continue to be n)
this head.

lways with
Led by care
at expecta-
aade under

The extortionate parochial assessments to which till:
Las been subjected, and to which it was compelled, for.

Is company

sons, reluctantly to submit:, during the pressure of Parl
contests, are now systema'acally resisted, and will soon;

he existing law, which bears very hardly on railway
lermits, be, the directors trust, equitably adjusted.

many rea-
liamentary
, so far as
companies

. ,
The proprietors will not fail to observe that the dilTh
tendant on the commencement and completion of an in
Like the South-Eastern ltnilway are apparent to every

Lenlties at-
ndertaking
one ; the
;nt and de-

_ .
prospective advantages which follow the fall establishmei

velopment of a great commercial institution, are notsi

o striking,
in attempt-

but are properly to be considered, and taken into account ii

ing to arrive at any fair esaimate of its value.
The directors trust that the unabated confidence which
tertain in the South-Eastern Railway will be shared by ti
tors ; and it will be the study of the directors to promote
rests of the company to the best of their ability.

they en-
Le proprie-
the iute-

A 34.—Capital authorized by the Acts of Par Hamel

B"B"f79
Eit lA' 112 I '4'lo
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£2,647,867 6 6

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10,7-ArTil 1743 Er,
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EAST INDLA. HOUSE, JANUARY 24, 1849.
Ti-1E COURT of DIRECTORS of the EAST
INDIA COMPANY do hereby give notice,
That a SPECIAL GENERAL CiURT of the said COMPANY
will be held at their House, in Leadenhall-street, on WEDNESDAY, the
7th February nest, at Eleven o'clock in the Forenoon, at the desire
of Nine Proprietors of East Stock, as expressed in the following
Letter, viz. :

" London, January 17, 1849.
" To the Chairman and Directors of the East India Company.
" Honourable Sirs,
" We, the undersigned Proprietors of East India Stock, duly qua-
lified by law, request that you will convene, at your earliest conve-
nience, a Special General Court of Proprietors, for the purpose of
taking into consideration the accompanying Resolutions, and that
you will be pleased to publish the same with this, eur requisition.
We have the honour to be,
" Hononrable Sirs,
" Your obedient Servants,
"JOSEPH HUME.
" ARTHUR J. LEWIS.
"J. SULLIVAN.
"CHARLES FORBES.
"JOHN POYNDER.
"GEORGE FORBES.
" JOHN BRIGGS.
"CHARLES GRANT.
"J. W. GRAHAM."
RESONS.
" That by the treaty concludeLd between the East India Company
and his late Highness Pertaub Singh, Raja of Sattara, on the 25th
September, 1819, the territories of Sattara were secured to him and
to his heirs in perpetual sovereignty. That by the supplemental
treaty of September, 1839, the sa'd territories were confirmed to his
brother Appa sahib, as the next e:Alateral heir and successor, and to
his heirs, on the cams terms as s,Acified in the treaty of September,
18!9.
" That this Court has heard with feelings of the deepest surprise
and alarm of the contemplated seizure, confiscation, and annexat!on,
by the East India Company, of the Sattaraderritories, in violation of
the rights of the lawful heir; believing, as this Court does,
that such
seizure, confiscation, and annexation would be a most flagrant breach
of the said treaties so solemnly entered into and confirmed, would
be a disgrace and stain upon the British character, and a ould se-
riously weaken the conficlittnee hitherto reposed by the princes and
people of India in the justice and good faith of the East India Com-
pany and of the British Government.
" That under such circumstances this Court deems it to be their
imperative duty to declare their solemn .conviction of the impolicy
and danger, no less th:„:n of the injustice ofsuch a proceeding, and to
express their earnest hope thaLtbss-Voart ofDireetors and the Brand
of Control will withluild their sanction from such a measure."
JAMES C. MELVILL, Secretary.

CD

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NIETROPOLITAN COUNTIES AND
GENERAL LIFE ASSURANCE SOCIETY,
27, REGENT STREET, WATERLOO-PLACE, LONDON.
INCORPORATED PURSUANT TO ACT OF PARLIAMENT.
TRUSTEES.
Spencer H. Walpole, Esq., M.P. I Richard Spooner, Req., M.P.
Henry Peter Fuller, Esq. Edward Vausittart Neale, Esq.
DIRECTORS.
Samuel Driver, Esq., Whitehall.

Henry Peter Fuller, Esq., Piccadilly.
John Palk Griffin, Esq., Ironmonger-lane, Cheapside.
Capt. Hon. G. F. Hotham, RN., United Service Club, and
Brighton.
Edward Legh, Esq., the Limes, Lewisham, Kent.
Edward Lomax. Esq., St. John's-wood-park.
Samuel Miller, Esq., Lincoln's-inn
E. Vansittart Neale, Esq., South Audley-street.
Sir Thomas Newby Reeve, Richmond, Surrey.
William Studley, Esq., Brixton Surrey.
n= Wi A. S. Westoby, Esq., dyde-nark•place.
The LIFE ASSURANCE DEPARTMENT of the Society em-
braces :

STATES'S ROYAL HOTEL
NEWC A ST LE-ON-TY NE.
CHARLES STATES solicits the patronage and support of Corn•
mercial Gentlemen t the above Hotel, which is most centrally si•
tuated. The Commercial-roo:n will be found one of the most corn.
modious and suitable, and " en suite," the Motel, in point of aceoin
=dation, second to none in the North.

AMENDED CONDITIONS.
DONCASTERSfEEPLE CHASES, &c.
GRAND NATIONAL
FRIDAY, MARCH 16, 1849, Two STEEPLE CHASES, One
HURDLE RACE, and Two FLAT RACES, Open to all the World.
The Grand National Steeple Chase Handicap (4' 20 Sovs. each,
10 ft., and 5 only if declared on &before the 20th of February, with
100 added. The second horse to save his stake, and the winner to
Pay 15 sovs. towards expenses. Winners from the time of declaring
thTeowheeighl:as,,ldoinecaepp6elbds.b,yl;mi.. H. W. Topham, Chester. About fourwice or more 101bs. extra.
miles. The Line of country is only one mile from the town, and will
be over grass land only.

To close and name on the 27th of January, to Edward Nicholson,
Esq., at the Woolpack Hotel, Doncaster, or Mr. G. J. I3irley, Clerk
of the Course.
For further particulars see " Bell's Life," or " Sunday Times,"
January 21st, 1849.

THE ROYAL POLYTECHNIC
INSTITUTION, REGENT-STREET.
A View in the Gold District of California is just a ,ded to the New
Series of Dissolving Views.—Lectures on the Cultivation of the
Voice, and on the Art of Singing, by G. Clifford, Esq., Illustrated
with a viu-I,ty of So gs, on Tuesday, Thursday, and Saturday, at a
Q .arter to Tree o'clock, and on the alternate Evenings, at Eight.—
On the Electric, Light, by Dr. Bachhoffner on Tuesday, Thursday, and
Saturday Evenings.—On Chemistry, by Dr. Ryan, with brilliant
Experiments, daily, and on the alternate Evenings.—Childe's Phan-
tasmagoria, with new effects, Monday, Wednesday, and Friday, at a
Quarter to Three, and on the alternate Evenings.—New Chrornatrope.
—Microscope.—Diver and Diving-bell.—Working Models explained.
—The Music is directed by Dr. 'Wallis.
Open daily from Eleven to Five ; and in the Evenings (including
Saturday) from Seven till Half-past Teri.
Admission, Is.—Schools,
Haff-priee.—The New Catalegue. Is.

Assurances upon s'ngle or Joint lives, contingent survivorship, or
the survivor of two or more lives.
Endowments of widows and children.
Immediate, deferred, and survivorship annuities.
' The payment of fixed sums to the assured at any specific age, or
to their re resentatives in case of death before that age.'

Premiums may be paid yearly, half-yearly, or quarterly, or upon
he half premium plan for the first five years.
Loans granted on an entirely ne'v principle.
RAILWAY ASSURANCE DEPARTMENT.

BOTANIC WATER and BEAR'S GREASE.
When the hair is becoming thin, and falling off, the only ef-
fectual remedy, besides shaving the head, is the use of the two above-
named articles, applied alternately, the botanic water to cleanse the
roots from scurf, mil as a stimulant, and the bear's grease as a non-
riAter. If any further evidence was required of the virtues of bear's
g7ease for renovating and preserving the hair, Mr. Catlin's account
of the quantity used, and the length of hair obtained by some of the
North American Indians, would be a sufficient anwer.
ROSS and SONS, 119 and 120, Bishopsgate-street, London, who
first introduced the use of bear's grease into this country, and who
fat and kill the animals, recommend the public to purchase none other
but with their names and address printed on the pot, or the chances
are their obtaining a spurious article.

All persens, of whatever class, travelling by Railway in Great
Britain and Ireland, assured in the event of loss of life by accident
whilst so travelling, at the moderate premium of 10s. per cent., la
one single payment, for the whole period of hfe.
EXAMPLE.—.I. person may by one single payment of 5/. assure to
his family or others the sum of 1,0001., to be paid in the event of his
losing his life by railway travelling in Great Britain or Ireland.
F. FERGUSON CA.MROUX, Manager.

Va: FENCER'S CHINESE LIQUID HAIR DYE.
y The thousands •f individuals who for upwards •f twenty
years have use.d.this celebrated liquid, pronounce it t• be the only
article extant which effectually changes, in a few minutes, red or
grey hair, whiskers, moustaches, &c., to a dark brown or black,
without trouble (by simply combing it through the hair), and pro-
duces by one application a pleasing and permanent change; and it
can be incontestibly proved, that while many dyes tend to destroy
the hair by their pernicious properties and dangerous process of ap-
plication, that this article promotes the growth of hair, nourishing
the roots till the latest period of life. Price 3s. 6d., 65., and 10s.
per bottle.

To be had of the Proprietors, 29, Nottingham-place, Pieldgate-
street, Whiteehapel-road, London; also of Mr. Johnstone, GE, Corn-
hill; Butler. 4, Cheapside ; Prout, 229, Strand ; Sanger, 150, Oxford-
street; Barclay, Farringden-street ; _Atkinson, 24, Old Bond-
street; Hooper, 43, King William-street, Ebndon bridge ; Finnizin,
Milsom-street, Bath ; Elinore, Bull-street, Birmingham ; Roberts, 23,
Church-street, Liverpool ; and of most Perfumers and Medicine
Vendors In town and country. Sent to any part of the kingdom
by receiving a remittance, pest-paid.

rlease to ask for " Spencer and Co.'s Chinese Liquid Hair Dye."
Observe, the Proprietor's address is on the wrapper.

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