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

Miles. ch.

.. 23 4

The
Gravesend . • • • • • • • • •
4-ne North Kent, Greenwich, and Bricklayers' Arms June-
41tl0A3n Rhfaoilrwd,aßyye:ll-astin.g.s, and. • St. Lur •
• Branch 'eo. narei'; • :
,The •
Branch from Rye to Rye Harbo • • •.
,„ •
The Tunbridge Wells and Hastings Line, and Branch to-
e Reading, Guilford, and Reigate Line • . • •
Of the Reading, Guilford, and Reigate Railway 6 miles 40 chains
are to be made by the South-Western Railway Company ; and for
rte use of this part the South• Eastern Railway Company will have
to pa' a proportionate toll.
._-reie length, therefore, of the line of railway and branches which
ill. ultimately be used for traffic by the South-Eastern Railway
Company will be 296 miles and 47 chains
It will be seen In the Statement A. that the capital already an-
•therised by the Company's Act of Parliament is 9,115,3751.
The amount of capital expended by the company to the let of
truarY, 1849, is 7,890,5321., as shown in Statement B. ; and it will
- seen that of this amount 6,689,3051. has been paid up by the pro-
7Prietors, and 1,201,2271 has been advanced to them on mortgage,
and remained due at that date.
The works in progress of construction are :
The enlargement and division of the London-bridge station, and
the
widening of the Greenwich line.
The North Kent line, from London to Woolwich, Dartford, and
Gravesend.
The North Keat, Greenwich, and Bricklayers' Arms Junction line.
The Ashford locomotive station and works.
The Ashford, Rye, Rye Harbour, Hastings and St. Leonard'9
breech, and
The Tunbridge Wells and Hastings line.
The amount of capital that will have to be expended to complete
"these works, to pay for the land not yet in the company's possession,
101' stations, permanent materials, and for the erection of the electric
telegraph on the new lines is 1,132,7241.
The estimates for these works are less by 465,0001. than the prices
in the original estimates, and this amount of saving of expenditure
Will be effected by the revision and alteration that has been made of
the works, and the reduction that has taken place in the price of
4abour and materials.
It is estimated that a further sum of 108,9001. will eventually have
1° be expended to increase the locomotive engine and carrying stock,
Meet the requirements of the traffic of the new lines when opened
for traffic ; so that the total amount of expenditure under these heads
froth the Ist instant, will be 1,241,6241.
The North Kent line will, it is expected, be open for traffic by the
t of July, -although the works have not all been pushed forward as
the directors considered they hail aright to expect.
, The enlargement of the London-bridge station must be completed
n tithe for the opening of the North Kent line ; and it is clearly of
importance to provide proper station accommodation for the traffic
of this and of the other South-Eastern lines and branches.
The North-Kent, Greenwich, and Bricklayers' Arms Junction
1,..
which will connect the Bricklayers' Arms station and its popu-
lous neighbourhood with Greenwich and the North-Kent Railway,
may be opened in three months ; and will probably be the means of
producing a larger return of traffic to the company, compared with
cost, than any other of the works, as it will connect important
ezmistlng lines with each other.
the completion of the Ashford locomotive station and works is
,:e.elned to be of great consequence to the welfare of the company, as
• large portion of the future expenditure on revenue account will be
nteurred there.
e Zile construction of the South-Eastern Railway Company's Coast
e from Ashford to Rye, Hastings and St. Leonard's, where it
•,,tla the London, Brighton, and South-Coast Railway Company's
~oast' line, making the coast line of communication from Ramsgate,
Dover, Folkestone and the other ports of Kent to Portsmouth
and the westward complete, is finished between Ashford and Rye ;
all the land is in the Co npany's possession, and the works will be
proceeded with as speedily as possible.
The company were pledged to Parliament and the public to com-
plete this line by the autumn of 1848 ' • but this they were unable to
do. The unreasonable tenders made for executing the works, and
other difficulties, caused the
progress,delay; for ofthe sum of 465,0001., saved
genevally over the works inr,oool. will be saved on the
line between Ashford and St. enarcll
The other important work, of which 'the heaviest portions are in
Hastings
an advanced state, is the Tunbridge Wens and line. The
remainder will average a comparativefy
smalfinancost per mile, and
should be proceeded with as fast as the
the company will permit. financial circumstances of
The Hastings traffic, which, it must be remembered, camert for-
merly on the South-Eastern Railway at Staplehursthas
been losttat to
it since the opening of the Brighton Company's Hastings
27th of June, 1846, but the larger proportion of this traffic will b'e
again acquired on the completion of the South-Eastern Company's
Hastings line.
The resources which are at the disposal of the company to meet
Outlay required for the completion of the works, for the addl.
eonai locomotive engines and carrying stock, the interest that
Will be
_, payable to the proprietors of the No. 3 and No. 4 Shares,
aun the mortgage debt, are set forth in the statement of
assets, marked C.
LheY consisted, on the Ist instant, of—Cash in hand, 104,7471. its;
sundry credits, 14,8121. ss. Id.; calls in course of receipt, 125,1601. ;
~ nue„ to be made, 732,6571. ; unissued shares, 141,7601. ; unexercised
Th'
°ltgage powers, 231,325/ ; which latter sum can be.capitalized at
011. Y Period chosen by the Proprietors, as can in like manner the sum
353,0501 he porti on of the present mortgage debt not yet
ca-
be ; and beyond these sums, the company has power to raise,
e e creation of new shares, 349,0001.
25Th; surplus land and other property of the company is -valued at
3,3701., making the aggregate of assets 2,296,8821 3s. Id.
It ha
b,„ s thus been shown that the company are already empowered
9,ept.heir several Acts of Parliament to rake in the aggregate
1edr,,,3751. for the execution of their works, and to make and open all
Suss of railway, exclusive of their line ieetween Gravesend and

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