The Sun.
London, England, 1869-12-27 00:00:00

had been maintained in efficient order during the

half-year, at a cost of 6.69 d. per train mile, against
10-42 d. in the corresponding half-year. The
working expenses had been 38.32 per cent. against
4560 per cent. in the corresponding half of 1.868.
The cost per train mile had been 33. 41d., against
3s. 74d., in the corresponding half-year. The
total number of passengers car, ied during the half"
year was 2,520,944, including 2,225,17 S third-

class passengers, against 2,576,910 in the corre-
sponding half of 18G8. The tonnage in goods
and minerals for the half-year ended the 30th of

Juae last was 697,835 tons, against 584,989 tons
in the same half of 1868, showing an increase of
112,846 tons. The gross earnings for the half-
year ending the 30th of June last bad been
£1,349,821, against £1,084,634 in the same half
last year, showing an increase of £265,187, and
the net earnings £832,481, against £590,022, show-
ing an increase of £242,459. The net earnings
per train mile had been 6s. 5d., against 4s. 3d. is
1868. Looking to the increase in the receipts and
the low cost at which they had been earned, the
board felt that they might fairly congratulate the
shareholders on the result of the half-year's work'
ing. The permanent way and works on the Jub-
bulpore line had been maintained in efficient order
during the past half-year, at a cost of Is. sd. per
train mile. The number of passengers carried had
been 83,221,including 80,252 third-class, as against
79,195 in the corresponding half-year, showing an
increase of 4,026. The tonnage in goods and
minerals was 45,896 tons, against 52,849 tons is
the same half of 1868. The gross earnings for the
half-year ended 30th of Junepast on the Jubbul-
pore line had been 54,307, against 41,283 in the
corresponding half-year. The working expense°
had exceeded the receipts by £10,560. That which
appeared to a loss on the Jubbulpore line repre-
sented, more or less, a corresponding profit on the
main line. After providing for the payment of Sir
M. Stephenson's annuity, £2,500; and laying aside
£10,560 to meet the difference between the receipts
and expenditure on the Jubbulpore line, there
would be available for distribution in this country
£65,490, from which the board recommend the 09'
ment of a dividend at the rate of ss. per cent., free
of income-tax. The difference between the sue/
drawn for (£78,550) and the full amount of the
company's moiety of surplus profits represented e
sum which would be required for distribution in
India. After payment of the dividend and incone:
tax, there would remain about £5,700 to be carried
over. On the 10th of October the Hullshur and
Barr district was visited by an unprecedentedl
heavy flood. The water having risen in a compare;
tively short time 6ft. higher on one side of the lie
than the other, a dangerous flow ensued throu_li d
the openings subjected to the great strain c..t1.4
by the head of water. On the evening of the 11t11
a small brick bridge was swept away, and the gr,390
in the embankment was increased to 150 ft. v.lO
the morning of the 12th, by the most commendab
energy on the part of the officers and the centime
tor's staff, a flying
bridge was thrown across tP
gap in the course of a few hours after the water
had reached the same level on both sides ; the pas
sengers and mails both up and down were safe, ;'t
passed over, with but slight inconvenience on o'l3
day and during the following week, when throug,
traffic for goods and passengers was resureedr
Mutual satisfactory arrangements had been madefe
through booking with the Delhi Railway CoulPellvoi
and for the interchange of traffic between the 00
lines. The company was suffering, in common N'l.a
others, from the depressed state of trade in Indtoi
but though there was no increase in the traffic
the current half-year, as compared with the cart.°s ~,
pending half year, it had not at present fallen bel°:g
it. The revenue discount of the main line (Will 0
the half-year ending the 30th of June shove
£1,319,821 had hem received on 1,133 'linos, esi,
£517,340 expended, leaving a balance of 1124,40
The traffic receipts on the company's Jabhull'ujo
line for the half year amounted, on 223 milessol,
length, to £51,306, and the expenditure to £64,
showing a loss on the working of E. 10,560.

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