The Sun.
London, England, 1856-02-23 00:00:00

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so, alf-pst two, and March 31, at twelve, at ,410
Bankruptcy. Lire, official assignee, Aldermanbury ; ribior4AK-4.15..0
man, Bucklersbury.
Thomas Tinton Clarke and James Wade, woollen a Fi
manufacturers, Huddersfield, March 7 and April 1 ,
at
eleven, at the Leeds District Court. Young, official assig-
nee, Leeds ; Clough, Huddersfield ; Bond and Barwick,
Leeds.
Wm. Payne, hotel-keeper, Jermyn-street, St. Jameel,_
March 7, at two, and April 8; at twelve, at the Court of
Bankruptcy. Lee, official assignee, Alderinarthuryl Lars
ranee, Plows, and Boyer, Old J ewry-chambers.
Mary Carolina Bloxsorne, wine and spirit merchant,
Cheltenham, March 4, at half-past twelve, and April 1, at
eleven, at the Bristol District Court. Acraman, official
assignee, BriS
SCOTCH SEQUESTRATION.
John Galbraith, miller, Glasgow.

4D. Si

'

From the London Gazette of Last Night.

RAILWAY INT ZLLIGENCE.

and where the renewal of quiber bridges has beets nscessar3l,
they have been replaced by stronger fabrics. In this way
several bridges on the Canterbury branch have been re
built of brick in place of timber, and four timber bridges
over the Medway on the main line have been re-
constructed of stronger materials during the past half-
year. It has also been found necessary to make extensive,
repairs in the tunnels ou the Tunbridge Wells branch ;
and the Strood and Highani tunnels on the North Kent
lino have been effectually drained thieughont. Consider.
able damage having boon done totp works adjacent to
the Dover station by a recent hurricane, the viaduct there
has been entirely replankod, and arrangements have been
made for the erection of a new sea wall for the better pro-
tection of the company's wharf. Many of the stations
have undergone extensive improvements and alterations,
and the signals and station lamps have been thoroughly
repair ed throughout the entire line. The attention of the
company's engineer has been particularly, directed to the
improvement of the permanent way.; and a considerable
portion of the increased expenditure during the half-year
has been caused by the necessity which existed for the in-
troduction of new materials and the laying down of better
ballast. 'Upwards of 20,000 new sleepers have been used
during the half-year, and five acres of shingle have re-
cently been purchased for the improvement of the road.
" The miscellaneous working expenses exceed those of
the corresponding period of last year by 21,9514 ls. ld.
There has been an excess of 10,394/. Os. 9d. in the ex-
penditure of the merchandise department, arising
thirdly from the larger amount of tonnage carried over
the line, and the heavy costs incurred in the collecting
and delivery of goods and parcels. The directors re-
gret to have to advert to another item of 14,3911. 7s. 2d.,
which represents the amount paid by the com-
pany during the half-year, arising principally from
compensation paid (under protest) for the loss of
gold, and from the distressing accidents which have oc-
curred upon the railway near Reading and at the Surrey
Canal Junction.
"In order to place the entire working arrangements of the
railway in the most efficient state, the directors have con-
sidered it right and necessary to melts an important num
in the management ; and they eve Veosutly, selected for
the joint office of manager and superintendent Mr. C. W.
Eborall, whose large practical experience and success as
general manager of the East Lancashire Railway daring a
period of six years are calculated, in their judgment, to
inspire general confidence in his qualifications for this im-
portant office.
" The rapidly growing importance of the port of Folke-
stone, and the increased traffic, both in passengers and
merchandise, which, by efficient business arrangements,
may be expected to pass through that place to and from
the continent of Europe, have pressed upon the directors
the necessity of appointing, as their harbour-master there,
an officer of superior commercial qualifications ; and, after
consideration, they have selected Captain Boxer for that
office.
"The capital account shows an expenditure of 99,2141.
ss. during the past half-year. The principal item of
53,932/. 2s. sd. has been incurred in the construction of the
Stroocl and Maidstone branch; and the further sum of
10,900/. in the provision of carriages and waggons in antici-
pation of tho opening of that line. The engineer reports it
as probable that, in the course of about a month from this
date, the contractor will be able to give up possession of
the line to the company for the working of goods traffic ;
that the stations are in course of erection, and, if the
weather should prove favourable, will bo completed by the
time the line is opened for passenger traffic, about the be-
ginnin, of May next. On that event taking place, the
capital expended in the construction of this branch (the in-
terest on which is now necessarily a charge against revenue)
will become productive, and, it is believed, remunerative
to the proprietors. The sum of 3,703% 12s. lid. has been
expended in the purchase of a screw.stearner, to assist in
the working of the goods traffic between F Ilkeston° and
Boulogne. Iu event, however, of the further increase of
this traffic, it may be found necessary to purchase another
goods' boat and the proprietors have already given the re-
quisite authority to the directors to do so.
" The company's relations with neighbouring companies
continue of a satisfactory character. An arrangement has
been concluded with the Brighton Company, by which
the division of the joint traffic between London and Hast-
ings, London and Reigato (including Red Hill), and Lon-
don and the Caterharnßailway, has been adjusted en such
terms as it is hoped will prove advantageous to both com-
'allies, at the same time that the public convenience will

Branikita Moor '

LORD CHAMBERLAIN'S OFFICE, FEB. 22.
Notice is hereby given, that the State Apartments,
Windsor Castle, will be re-opened on and after Monday
next, the 25th inst.
WAR DEPARTMENT, JAN. 3.
The Queen has been graoiously pleased to give orders for
the appointment of the following Officers of the Army and
of the Marine of his Imperial Majesty the Emperor of the
French, to be Honorary Members of the Military Divi-
sions of the First, Second, and Third Classes of the Most
Honourable Order of the Bath respectively, viz :
TO BE KNIGHTS GRAND CROSS.
MM. Bosquet, General of Division
de Sallee, General of Division
de Mac Mahon, General of Division
Regnault de St. Jean d'Angely, General of Divi
sans, and
Morris, General of Division
TO BR KNIGHTS COMMANDERS.
MM. de Martimprey, General of Division
Thiry (F. A.), General of Division
Niel, General of Division
Camon, General of Division
Pate, General of Division
d'Autemarre d'Erville, General of Division
d'Allonville, General of Division
Levaillant, General of Division
Dulac, General of Division
Dalesme, General of Division
Herbillon, General of Division
Bouat, General of Division
Rigault do Genouilly, Contra Arnim'
d'Aurelles de Paladines, General of Division
Monied, General of Division
Penand, Centre Amiral
TO BE COMPANIONS.
MM. Lebceuf, General of Brigade
lis' pinas,o, General of Division
Bazaine, General of Division
de Failly, general of Division
de La Motterouge, General of Division
Cassaignolles, General of Brigade
Trechu General of Brigade
Frossard, General of Brigade
Beuret, General of Brigade, Artillery.
Faucheux, General of Division
Blanchot,lntendant-Geueral of the Army of the
East
Uhrich, General of Division
Paris de la Bollardiere, Military Intendant
Feray, General of Brigade
Lerchey, General of Division
Walsin Esterhazy, General of Brigade
Lafont de Villiers, General of Brigade
Bisson, General of Brigade
de Forton, General of Brigade
Couston, General of Brigade
Vinoy, General of Division
Bouret, General of Brigade, Infantry
Verge, General of Brigade
Niol, General of Brigade
Cler, General of Brigade
de Cissey, General of Brigade
Montenard, General of Brigade
Baurbaki, General of Brigade
de Lorencez, General of Brigade
IVinipffen, General of Brigade
de Chatupei on, General of Brigade
Soleille, General of Brigade
do Beville, General of Brigade
Duprat do Larroquette, General of Brigade
Maneque, General of Brigade.
Bondnrand, Military Intendant
Angot, Military Intendant
Borel de Bretizel, General of Brigade
de Puibusque, General of Brigade
Dieu, Colonel of Etat Major
Janes, Colonel of Etet Major
Deeaint, Chef d'Eicadron of Etat Major
Raoult, Colonel of Etat Major
Besson, Lieutenant-Colonel of Etat Major
do Waubert de Geniis, Colonel of Etat Major
Lalleinaud, Lieutenant-Colonel of Etat Major
Reille, Lieutenant-Colonel of Etat Major
de Comely, Lieutenant-Colonel of Etat Major
Ranson, Lieutenant-Colonel of Etat Major.
Auger, Colonel of Artillery
Forgeot, General of Brigade
Le Fraucois, Colonel of Artillery
Coffiuieres, General of Brigade
Jourjon, Colonel of Engineers
Desusleau de Malroy, Lieut.-Colonel of Etat Major
Scrivo, Principal Physician
De Tournemine, General of Brigade
Laterrade, Colonel of the 80th Regiment of the Line
Jannin, General of Brigade
Picard, General of Brigade
Dantin, Colonel of the 18th Regiment of the Line
Collineau, Colonel of the let. Regiment of Zouayes
Goze, General of Brigade
Lefebvre, Colonel of the 21st Regiment of the Line
de Castagny, Colonel of the 82d. Regiment of the
Line
de Sorbiers, Colonel of the 26th Regiment of the
Line
Sauriu, Colonel of the 2d Regiment of Zonaves
Comignan, Colonel of the 39th Regiment of the
Line
Rose, Colonel of the A Igerine Tirailleurs
Tollif.:s de Bonnet Maurelhan, Colonel of the 31
Regiment of Zouaves
Decatur, General of Brigade
Islontaudon, Colonel of the 42d Regiment of the
Lino
Douay, Colonel of the 2d Regiment of Voltigenrs
do Vernon, Colonel of Gendarmerie
Gagnenr, Lieutenant-Colonel of the Regiment of
the Guard
de Bentzinann, Lieutenant-Colonel of Artillery
do Bertier, Colonel of the 86th Regiment of the
Line „ -
Lefebvre, General of Brigade
Ressayre, Colonel of the 6th Regiment of Dragoons
Lion, Colonel of the Ist Regiment of Hussars
Duhesme, Colonel of the 7th Regiment of Dragoons
de Ferrabouc, General of Brigade
do la Martiniere, Colonel of the 9th Regiment of
Cuirassiers
Ohier, Capitaine de Fregate
Pothuae, Capitaine do Fregate
de Rochebonot, Colonel of the Regiment of Artil-
lery of the Guard
de Berckheim, Chef d'Eseadron of Artillery, and
do Saisset, Capitaine de Vaissoau.
WHITEHALL, FEB. 22.
The Queen has been pleased to direct letters patent to
be passed under the Great Seal, granting the dignity of a
Baron of the United Kingdom of Great Britain and Ireland
unto 'Sir Gilbert John Heatheote, Baronet, and to the
heirs male of his body lawfully begotten, by the name,
style, and title, of Baron Aveland of Aveland, in the
county of Lincoln.
FOREIGN-OFFICE, FRB. 1.
The Queen hai been graciously pleased to appoint
Richard Bickerton Pemell Lyons, Esq., now First Paid
Attache to her Majesty's Legation at Flerence,.to be Seem-
tary to her Majesty's Legation at that Court.
FOREIGN-OFFICE, FEB. 20.
The Queen has been pleased to approve of Mr. Ernst
Suffert as Consul at Cape Town for the Free Hanseatic)
City of Bremen.
CROWN OFFICE, FEE. 20.
MEMBER RETURNED TO SERYN IN THE PRESENT
PARLIAMENT.
Borough of Leominster—Gatherne Hardy, of No. 35,
Eaton-square, in the county of Middlesex, Esq., in the
room of George Arkwright, Esq., deceased.
COMMISSIONS SIGNED BY LORD-LIEUTENANTS.
rfampshire Yeomanry Cavalry—George Shaw Lefevre,
Gent., to be Cornet, vice Powell, appointed Adjutant.
sth or Royal Elthorne Light Infantry Regiment of Mid-
dlesex Militia—Ensign Robert Hensley to be Lieutenant,
vice Jaquot, appointed to 23d Fusiliers ; Robert Hand-
oock, Gent., to be Ensign, vice Hensley, promoted.
Queen's own's Light Infantry Regiment of Tower Ham-
lets Militia—Ensign James Wood to be Lieutenant, vice
Chifney, resigned.
2d Regiment of the Duke of Lancester's Own Militia—
Lieut. M. Fords to be Captain, vice Peel, resigned ; E. B.
Cumming, Gent., to be Ensign ; G. N. Bilham, Gent., to
be Ensign.
4th or Duke of Lancaster's Own (Light Infantry) Royal
Lancashire Militia—Francis S. Fitzpatrick, Gent., to be
Ensign.
Royal Bucks King's Own Militia—Lieutenant Knapp to
be Captain, vice Bushe, resigned ; Ensign Cross to be
Lieutenant, vice Knapp, promoted ; George Augustus
Leslie Wood, Gent., to be Ensign.
Royal South Gloucester Light Infantry Regiment of
Militia—John Robert Form, Gent., to be Lieutenant, vice
Morse, promoted.
Rifle Regiment of King's Own Staffordshire Militia—
Lieutenant Clement Thomas Sneyd Kynnereley to be Cap-
tain, vice Gerahty, resigned ; Francis Starrier, Gent., to
be Lieutenant.
Warwickshire Militia, Ist Regiment—Robert Dymock
Vaughton, Gent., to be Lieutenant.
Royal Rifle Regiment of Denbighshire
R. W. Wynne to be Captain, vice Sandbaelao religiiet;
Ensign It. W. llesketh to be Lieutenant, vie NYV
promoted Ensign Edsvd. Wynne Griffith to be Lieutenant,
vice Harrison, appointed to the 89th n
East Suffolk Militia Artillery Carp'—Second
Second Lieute-
naut John Curteis Paske to be First Lieutenant, vice
D'Eye, resigned.
Regiree_nt of Artillery Militia—
City of Edinburgh
Lieutenant Alexander Tait to be First Lieutenant,
vice Bruce, resigned.
Ross, Caithness, Sntherland, and Cromarty Regiment of
Rifle militia—Duncan Henry Caithnes Reay Davidson,
Mackenzie Fowler,
Esq., jun. Will be Caytain,
Balfour, Henry
resigned ; iam James Balfour, jun., Gent., to be En-
sign.
[The followinq appointment is substituted for that which
appeared in the Gazette of Tuesday, the 12th inst.]
Worcestershire Regiment of Militia—Arthur Fleming
Stack Payne, Gent., to be Ensign, vice Spooner appointed
to the 42d Highlanders.

LONDON AND NORTH-WESTERN.
[The following appeared in part of our impression of
yesterday
The ordinary half-yearly meeting of the shareholders
of this company was held this afternoon, at the Euston-
square station ; the Marquis of Chandos in the chair.
The CHAIRMAN said the accounts showed a favour.
able state of the receipts over expenditure during
the past year. A diminution of expenditure had
also been effected, and a larger sum than usual
had been set aside for maintaining the perma-
nent way. In future the reports of the directors
would be sent round to the shareholders with the
statement of the accounts. The chairman then entered
into the details mentioned in the report, and said that
with reference to the circumstances of the company the
increased traffic arose from the good understanding that
existed between them and the Great Western. He had
hoped with that agreement there would have been an
end to dissensions between them and the other
companies. Several of the agreements into which
they bad entered into with other companies ex-
pired within the year, and it was hoped they.
would have been renewed. on the same terms.
With regard to the Great Northern, this com-
pany had been unable to come to a fresh arrangement
with it, and things, as they existed do 1851, had' again
occurred, but he was sanguine an ainica'sle arrangement
would soon be entered into between the two companies,
with the mediation of the North-Eastern, the North
British and the Caledonian, and Lancaster and Carlisle
Railways, which would put an end to the disputes which
at present existed. After alluding to the enactments
of Parliament which had made free trade in railways,
and which bad produced so much competition injuriaus
to railway proprietors without a corresponding benefit
to the public; he was inclined to believe that Par-
liament must see that free trade in railways could only
be done at the public expense, and he looked forward to
an early alteration of the present system of railway
legislation. He adverted to the arrangements that bad
been made with the Midland Company and the Great
Northern Railway, but which had now ceased ' • and
explained the nature of the payments that had been
made to each of them, which, in the end, had been a
saving to this company, by giving them an increased
amount of receipts on the passenger traffic, from their
not having •to provide rolling stock with which to con-
vey their own passengers.
The SECRETARY then read the report, which showed
the net proceeds for the half-year to he 690,2321.
12s. 111., to which was to be added 6,9501. ls. 63., the
balance from the last year, making a total of 697,1821.
14s. 53. ; from this was to be deducted for further allow-
ance for renewal of rails 56,666/. 14s. 41, leaving a dis-
posable balance of 640,5161. ls. ld. for dividend. The
directors recommended a dividend of 51 per cont. per
annum for the last six months, leaving a balance of
48,5111. 14e. Id. to be carried over to the next half-
year.
The Marquis of CmANDos moved the reception and
adoption of the report.
Mr. BENSON (deputy-chairman) seconded the motion.
The Right Hon. J. PARKER urged on the meeting
the necessity- of their making some general movement
for the improvement of their property, or their stock
would altogether disappear under the present mode of
management.. He referred to a letter he hail published
on the state or-J the company's affairs, and also to the re-
port of the I ate committee of investigation, impressing
en the meeting the necessity of their enforcing the carry-
ing out of thia sound and useful reforms that that com-
mittee had riacommended,
Mr. HADFNELD, M.P., said he was confident if this
line had bee.a properly managed -the shareholders would
be receiving. 7 per cent, interest. 200,000/. a-year
might be saved in the management of the company. He
condemned the directors borrowing money at enormous
interest, and. said that if the money market had been
properly wa killed, from 75,0001. to 100,000/. a year
might have litien saved in this department, and he hoped
that when thse money market became easy, and was re-
stored to its proper quiet state, advantage
would be taken of it by the directors, in order
to reduce `the amount to be paid for interest.
He entered into the details of expense relative
to the workii ig of the line, in each of which a saving
might be effo cted. The law of poor rates as it affected
railway props .rty was unjust, and during the past year
30,858/. pool rates had been unjustly paid.
Mr. MAL.O gs, who had give notice of a resolution, re-
lative" to tt e dispute between this line and the
Great North ern and Midland Companies, said that, in
consequence of the Chairman's statement that there was
a probability' of an amicable arrangement being come to
between the in, he should not propose it to the meeting.
He 'contendi id that, before this unseemly competition had
been entered, on, this company should have consulted the
feelings of tla a shareholders. He hoped that when the
terms of pea ce came under-consideration there would
be no reserr vation on either side. He implored the
board to gi re the recommendation of the Committee of
Consultatiora their-earnest and anxious consideration.
He thought the profit from passenger traffic was lost in
the goods -t raffic, id. a mile per ton for goods being
much too an t all a rate.
Mr. PRIN ( 'HARD called attention to the capital ac-
count, which' contrasted strangely with the increase of
revenue. Ti ae evils of the re-arrangement of this com-
pany resultta 1, he said, from two individuals—the locomo-
tive superinli endent and the general manager, and he
detailed the / leads on which savings might be effected and
those where a trifling advance on the present rates would
give a consi6 erable increasein the profits. One item of great
loss was the- free granting of " passes." He was met on
that head i vith the remark, "Oh, it was a privilege
given to the I press." Now, he considered the press was
a national i institution, and the press above all others
should haves this privilege ; but he did not believe the
loss he com p lained of arose from the press. It was from
the abuse of passes granted to the officials of
their own and different lines, and their relatives
and friends. tthat he complained of, and he called on the
Board. of Dirt rctors to investigate this subject.
Several shi ireholders addressed the meeting at great
length, and ultimately the report of the directors was
adopted, and -the dividend recommended declared.
The vacancies in the Directory were filled up, and
after some fa ether business the meeting separated, after
passing a vote- of thanks to the chairman and directors.

BANK OF ]
An 'Amount pillittant to the Act '
the Week ending on Saturdi
issue DSP,

ENGLAND.
rth and 811.VictOlia, oat. St M
the 16th day of Feb., 11156.
OITXINT.

Notes issued ........ 24,367,835

Government debt.... 11,016,100
Other securities...... 3,449,900
Gold coin said bullion 9,1102,05
Silver bu11i0n........ ---

Z 4,367,835

£24,367,835
[. MARSHALL, Chief Cashier.

Dated the 21st day of Feb., IRSO
SAW N° DE;

MASTMENT.

Proprietors' capital .. 14,553,000
Rest .... .. .. ..... ... 3,505,653

Glonvneurinmty)en.t.s.e.c.u.ri..tl.7
11,93606
(Includg.Dead Weight
Other securities.-- 17,743,632
Notes • • ............ 5,644.5e5
I Gold and silver coin.. 639,65!

Public deposits (in-
cluding Exchequer,
Commissioners of
National Debt,Say-
ing's Banks, and
Dividend Accounts) 4,164,823
Other deposits .. —.. 12,964,125
Seven Day and other
111115........•....,. 770,261

43-75,,,,77862 /35.937,863
M. MAXSIIALL. Chief Caehier.

Dated the 21st day of Feb., 11156.
AVERA.GE PRICE OF SUGAR.
The Average Price of Brown or Muscovado Sugar, oem•
putod from the returns made in the week ending Feb,l9.
1855, exclusive of the Duties of Customs paid or payable
thereon, on the importation thereof' into Great Britain t
From the British Possessions in America 2.2e. sd.
Muscovado, the produce of the Mauritius 245. lid.
Muscovado, the produce of the East Indies
Average of the three foregoing descriptions 235. 91d.

be pro-rooted.
" In order to afford explanations to such proprietors as
may desire them, on the accounts now published, the di-
rectors and auditors will attend at the offices at London-
bridge, from 12 to 2 p.m. on Wednesday next, the 27th
inst."

3 212
809

SOUTH-EASTERN.
The report of —the directors to be presented at the nexs
half-yearly gen, et al meeting is in substance as follows :
"The revenu e account shows that the total receipts of
the company dirr ing the past half-year have amounted to
585,6121. 7s. 4d. (i ncluding 38,1281. 12s. 6d. receipts from
steam-boat traffic being an increase of 90,6691. ls. 10,1.
over the correspo a. ling period of 1854-5. From the state-
ment of the expen,e liture, as set forth in the same account,
it will be observed'. that, after paying and providing for all
permanent charges:, rents, working expenses, interest, an-
nuities, and, divid, 9/1 .ds, on the preference shares and stook,
there remains avai;.ll,ble for dividend on the ordinary con-
solidated stock a balance of 171,0731. 19s. 11d. A dividend
of 13s. 3d. per eh are, being at the rate of 41. Bs. 4d. per
cent. per annum, es rill absorb a sum of 164,1601. 17s. 6d.,
and this rate of dig ?Wend the directors recommend to be
paid, leaving a bal 'Price to be carried forward of 6,9131.
2s. sd.
" The increase in . the passenger traffic continues to be
satisfactory ; the nu 'amber of persons carried over the com-
pany's lines during the past season having exceeded that
of any former year. The Exhibition of Industry at Paris,
and the transit of m Ditary men to and from the seat of war
in the East, via Ma reseillee, have tended considerably to
augment the receipt a upon the main line ; and it is also
gratifying to be able r to state that there has been a general
increase in the nun' ilr sr of passengers carried to and from
all stations on the hr anches as well as the main line. The
largely increased in'ierconrse between England and the
Continent during 'who past season has led to a considerable
advance in the ste am-boat passenger traffic, the numbers
carried by the con spany's steam-ships between Folkestone
and Boulogne, as well as between Dover and Calais, having
exceeded those of any previous year. The through traffic
to and from the c ontinent for the past half-year has con-
siderably exceeds, 1 that of the English Exhibition year of
1851.
" The marchte adise traffic exhibits a considerable in-
crease on tl-Le hal (-year. The weight of merchandise car-
ried has b een 31 ,216 tons in excess of the corresponding
period of the prk oceding year, and the increase, 17,1871. 4s.
sd. has a, eisen from the carriage of hops, the past season
having p roved. unusually productive; and 3,1641. 16s. 3d.
from the, carriage of coals—the measure adopted by the
directors. of throwing open the trade in this article having
thus far 1 )(ben attended with satisfactory results. The mer-
chandise traffic to and from the continent leas also made
gratifyir.%e progress during the half-year; the increased
tonnage ct srried by the company's steamboats having been
2,483 to as, and the increased receipts 2,9091. 7s. ld. The
director s a re of opinion that further provision will shortly
leave to be made for the conveyance of continental met-
clsandir ,e, with the view of giving increased facilities for
this ix' .de, -which it is expected, will prove of considerable
value to tb 0 company-
" .11th or igh the Reading and eigato branch continues
the company,is
satief acte oee- to observe that the traffic and relative profit
to be aso ur, to of considerable loss to it •
en that :pa-i t of the railway continue to increase.
" The els sctrio telegraph on this company's lines has not
of late y earre been a source of profit, having been regarded
mainly i the light of a valuable auxiliary in the working
of the rr &Tray ; but an alteration which the directors have
recently made in the rates for commercial messages, and
which c rano into operation on the let January last, pro-
mises te relieve the company from any loss in this depart-
ment, not to prove a source of actual profit ; the increase
in tie r a reipte for the month of January, as compared with
the con a spending month in 1855, having been such as fully
to cover the expenditure.
" The expenditure incurred in the working. of the
way (inc hiding all charges upon traffic) during the., past
half-yeas exhibits an increase of 42,0631. 16s. Id. over the
correspo ading period of 1851-5. The expet!d'Anre on the
mainten same and renewal of ways and we' es during the
half-yes r has been 50,5841. 4s. Compared with the past
charges against revenue on the same account, this exhibits
an incta rase of 10,8041. Os. 10d. over the corresponding pe-
riod of last year of 20,810/. 4s. 3.1. as compared with the
half-yer ,r ending the 31st January, 1854, and of 25,9181.
12e. us compared with the lhalf-year ending the 31st Jan.,
1853. Notwithstanding this large comparative increase,
the dire ,ctors are prepared to justify the expenditure as
absolute 'y necessary, feeling convinced that it is the wisest
economy and the best policy of the company to maintain
the way and works in the most efficient state, and to
execute > n a substantial manner such repairs and renewals
as may be required. With this object timber bridges have
been Tapia% 'ed in several cases by substantial brick structures,

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