The Sun.
London, England, 1856-08-23 00:00:00

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to suggest that there should be established in Bristol
schools for boys, that they might be suitably trained for
the sea service. There was an establishment of that de-
scriptiln at Liverpool, where, on board the Akbar, boys
most suitable for that mode of discipline were trained for
the sea. Ile also suggested the formation of a branch Re-
formatory Unio i for the west of England. He moved
" that it is desirable to establish reformatory and preven-
tive schools in all parts of the United Kingdom, to provide
for the rimny thousands of youthful offenders who are an-
nually a del to the criminal classes in this country."
The Rev. Canon CIRDLESTONE seconded the resolution,
and said that, while he would yield to no man in his admira-
tion of the principles and practice of the Church of England,
yet he saw no reason why he might not co-operate on the
utmost possible scale with those who differed from him on
points of doctrine, but who agreed with him in making one
common effort to overcome the common enemy. (Cheers.)
The resolution was unanimously agreed to.
A vote r,f thanks, moved by the MAYOR and seconded by
Mr. W. MILES, to Lord Stanley for having presided over
the proceedings of the conferences and public meetings of
the Great National Union was then carried by acclama-
tion.
Lord STANLEY, in acknowledging the compliment, said
he was amply rewarded for whatever service he had been
able to render to the association by the reflection that their
sole efforts were directed to the attainment of a great pub-
lic benefit.
The meeting then separated.

RAILWAY INTELLIGENCE.

SOUTH-EASTERN.

The report of the directors of this company states that
receipts and expenditure for the half-year ending the 31st
of July last show a considerable increase. The gross re-
ceipts have amounted to 503,1771. (including 27,0711., the
receipts from steam-boat traffic), being an increase of
35,0391. over the corresponding'itriod of 1855. After pay-
ing and providing for all working charges, rents, interests
on loans, annuities an/ dividends on preference shares and
stock, there remains available for dividend on the ordi-
nary consolidated stock of the company the balance of
123,1911. A dividend of 9s. 6d. per 301. stock, or at the
rate of 31. 3s. 41 per cent. per annum, will absorb a sum
of 117,7001., leaving a balance to be carried forward of
5,4101., and this rate of dividend the directors recommend
to be payable on or after the 4th of September next. An
analysis of the receipts shows an increase in the passenger
traffic of 32,1471., 4,6011. in goods, minerals, and cattle,
and 5741. in rents, but from which there is deducted a de-
crease of 2,2861. in the steam-boats. The expenditure
shows an increase of 20,4711, and a decrease of 6,4021.
The total number of passengers conveyed upon the South-
Eastern lines during the half-year has been 4,646,218, or
an increase of 465,263 passengers over the corresponding
pal iod of 1855. There has been a decrease in the number
of passengers conveyed to and from Dover and Folkestone,
and in the receipts from through continental traffic by
rail and boat, the last half year comparing unfavourably
with the corresponding period of 1855, which included
three mon the of the Paris Exhibition traffic; but this com-
parative falling off in the receipts for through passenger
traffic has boon more than made up by the increase do-
rived from other sources, amounting iu all to 32,1471. un-
der this head. In this increase is included a sum of
4,2011. derived from mails on the North Kent line.

The directors state that, while the receipts derived from
all sources have been increased by the sum of 35,039/., this
amount of increase has been earned by an addition of not
more than 8,235/. to the actual working expenses, exclu-
elusive of compensation, Government duty, rates and taxes.
The company's boats have been maintained in an efficient
state, and extensive repairs and renewals have been effected
in them during the half-year, which explains the increase
in the expenditure under this head. The total cost of these
repairs has amounted to 6,8461. The steamers have con-
tinued to perform their voyages between Folkestone and
Boulogne and Dover and Calais with their accustomed re-
gularity. The number of passages made between the op-
posite shores during the half-year has been 891, and the
average time occupied by each has been 1 hour 56 minutes.
Sums amounting to 11,8121. 08.4 d. have been paid as com-
pensation to persons injured by accidents which occurred
upon the railway in the course of last year. In consequence
of the rise in the value of money during the late war there
has been an increased charge of 2,7141. 14s. 9d. for interest,
&a. The sum of 5,1681. has been charged against the half-
year's revenue for dividends on the preference capital
created and raised for the construction of the Strood and
Maidstone branch. This line was opened for passenger
traffic on the 18th of June last ; and therefore the capital
so expended has now become productive, and will probably
become a source of profit to the proprietors. The capital
expended during the half year has amounted to 51,2371.,
the principal portion of whiok (28,4921.) has been on ac-
count of the construction of the Strood and Maidstone
branch. There has also been expended on the works at the
Folkestone Harbour Station, now nearly completed (the
baggage examination room being in use), the sum of 6,7491.,
and on additional working stock required for the Strood
and Maidstone branch 8,6151. The capital required for the
above purposes has been raised partly by the exercise of
the company's additional borrowing powers under the act
of 1855, and partly by the issue of the new fixed 4 per
cent. shares under the provisions of the same act. The
sum of 113,3101. had been received from the latter source
up to the 31st ult., and the capital thus supplied being
sufficient for the company's present purposes the further
allotment of the shares has been closed. The direc-
tors accordingly propose to make additions to the work-
ing plant from time to time, as the necessities of the
traffic require, under the authority granted by the proprie-
tors on the 7th of September, 1854. The directors request
the sanction of the proprietors to the following expenditure
on new works :-3,5001. towards the formation of a joint
station at Lewisham, at the junction with the North and
Mid-Kent Railway ; and 5,7001. for the purchase of land
and the construction of the embankment and works neces-
sary to form a proper junction with the Tanbridge-Wells
and Hastings branch at Tunbridge. It is also recommended
that the sum of 2,7751. should be charged to capital, being
the cost of the additional materials used during the half-
year in the fish-jointing of the rails, the cost of relaying,
including new rails, sleepers, chairs, and labour being
charged to revenue. The directors also request power to
expend a sum not exceeding 10,0001. in extending the horn
at the end of the pier at Folkestone, with the view of af-
fording additional facilities for the steam-boat traffic and
the security of the company's buildings at that place.
The capital account shows that 11,438,0141. had been
expended to the 31st of July last, leaving a balance against
the account of 16,6781. The debenture account shows that
2,709,4681. was raised on debentures, of which 1,3761,0071.
was borrowed at 5 per cent., 394,3701. at 4 per cent.,
376,000/. at 4i per cent., 59,1001. at 41 per cent., 485,9111.
at 4 per cent., 13,5001. at 3i per cent., and 3,0501. at 3
per cent.
The revenue account shows that 503,1771. had been re-
ceived during the half-year ending the 31st July, including
27,0711. from the steam-boats, and 255,2461. expended, in-
cluding 2),0991. for working the steam-boats, 12,3771. Go-
vernment duty, and 18,782/. rates and taxes, leaving a ba-
lance of 247,9301.
In order to afford explanations on the accounts now pub-
lished to such proprietors as may desire them, the direc-
tors and auditors will attend at the offices at London-
bridge, from 12 to 2 p.m., on Wednesday next, the 27th
inst.