The Sun.
London, England, 1856-03-04 00:00:00

GLASGOW AND SOUTH-WESTERN.

The directors of this oompany recommend the pay-
ment of a dividend at the rate of 4 per cent. per annum
for the half-year ending 31st of January 'wt.

EDINBURGH AND GLASGOW.

The half-yearly meeting of this company was held in
Glaegow on Thursday ; Mr. Henry Dunlop in the chair.
The report stated that the receipts now included
those of the Stirling and Dunfermline Railway, both
for the half-year ending the 31st of January last and the
corresrondiug period of 1855. The receipts for passen-
gers amounted to 63,134/., and for the corresponding
period of 1855 to 58,7841., showing an increase of
4,350/. The receipts for goods, parcels, and mails
amounted to 67,0611., and fur the corresponding period
to 70,468/., showing a decrease of 3,4071., which deducted
from 4,3501., increase from passengers, showed the actual
increase to be 943/. Competitive rates were charged
during the whole period of the past half-year and during
16 weeks of the corresponding half-year ending January,
1855. The working expenses consumed a large per-
cottage of the receipts, as the traffic had been carried
on at very low and unremunerative ratee. The net
balance of revenue, after payment of rents and provision
for 5 per cent. dividend on the 5 per cent. preference
stock, amounted to 23,253/., from which the directors
recommended a dividend at the rate of 21. per cent.
per annnw, and that the balance of 1,0191. be added to
the rest. The branch to Sighthill has been finished and
in use from the let Feb. The board has concluded a
satisfactory arrangement with the Scottish Central, by
which this company grants it for 10 years the use of a
goods shed on a siding of tkis has, for all the goods
coming to Glasgow, at the fixed payment of 2,0001. a
year. it agrees to work these goods from Greenhill
junction by its own trains and at its own expense, pay.
jug a toll of is. 4d. per ton. The report alludes to the
laudable exertions of a Manchester committee of share-
holders, consisting of Mr. Hadfield, M.P., Mr. Bruck-
ehaw, and Mr. Joynsen—to bring about a settlement of
differences between the Caledonian and the Edinburgh
and Glasgow Company, and expresses a hope that the
exertions of those gentlemen might prove successful. and
that there be no longer au occasion to charge only 2s,
first-class and ls. second-class from Edinburgh to Man-
go w.
The capital account showed that 3,460,76411. had
been received and 3 426,432/. expensed, leaving a
balance of 34,2781. The revenue account for the half.
year ending the 31st Jan. showed that 134,2401. had
been received and 66,554/. expended, leaving a balance
of 67,036/. From this was deducted 24,456/. interest
on loans. 4,1251. dividend on Stirlingshire stock, 4,760/.
rent of Edinburgh and Bathgate Railway, and 10,400/,
set aside to meet the rent of the Stireing and Dunferm-
line Railway, leaving a balance of 23,955/. applicable
to dividend upon 2,214,5841. of consolidated stock.
The CHAIRMAN, in moving the adoption of the re-
port. stated that a ueaee had been concluded between
the Edinburgh and Glasgow and the Caledonian, which
he hoped would be satisfactory and of long duration.
The terms of the peace were not quite concluded, these
being left to the arbiter. Both companies had concur.
red in the appointment of one arbiter, and, within cer-
tain Emits, he would decide what belonged to each of
them. The arrangement provided that, as formerly,
there should be a joint purse for the two lines. Both
companies were to work their respective lines, and the
net revenue was to be divided between the two com-
panies. The precise scale of division was not yet de•
termined, this being left to the arbiter, Mr. Houlde-
worth, of Cuitnees, who resided in Manchester, and was
formerly chairman of the Yorkshire and Lancashire
ReilwaV. He trusted there would be no renewal of
such warfare, and that both companies would be left
to work out their respective lines to the best of their
ability. There would be a great saving in the work-
ing expenses now that the companies were working in
harmony. It was evident that the working expenses
must bear a very high proportion when the rates for
passengers and goods were so very low, and when they
bad to run duplicate trains. Both parties had now an
equal desire and interest in the reduction of the work-
ing expenses. They were under a deep obligation to
the three gentlemen from Lancashire who had brought
'about the amicable arrangement to which he had re-
(erred.

After some observations with respect to free passe,,
and the non-attendance of the English director at the
board, the report was adopted, and the retiring directors
were re-elected. The meeting then separated.