The Sun.
London, England, 1856-03-08 00:00:00

RAILWAY INiELLIGENCE.

EAST ANGLIAN.
The report of the directors of this company states
that they were able to pay interest for the half-year on
the B stock after the full rate of 6 per cent., and on the
C stock after the rate of 21. 183. 4d. per cent. per an-
!MM.

GLASGOW AND SOUTH-WESTERN.
The half-yearly meeting of this company was held in
Glasgow on Wednesday Mr. Andrew Orr (the Lord
Provost of Glasgow), the chairman, in the chair.
After some discussion, it was resolved that the corn-
pa.ny should declare a dividend of 5 per cent. upon the
guaranteed and preference stock, and of 4 per cent. upon
the cons"lidated stock, to he paid on the 24th inst.
After the election of directors, the meeting separated.

NORTH BRITISH.
The report of the directors of this company states
that the receipts for the half-year ending the 31,st of
January last amounted to 136,510/., and for the cor-
responding period last year to 127,9121., showing an
incrraee of 8,5981. The free revenue for the half-
year, aft- r payment of interest, is 25,1021. Tbis will
liquidate the sum of 4,6301., forestalled on account of
the deficiency to meet preference dividend at the alst
of July last, and. after paying the preference divi-
dend now due (19,5951) in full, will leave a balance of
9671. With regard to the extra outlay on working
stock, the directors state that, with the exception of
one engine and tender sent out for repair at the end of
1854, the whole cost of the renovation of rolling stook
is wound up in the balance•shret now presented. They
state that. the c ntrast between the past and the present
state of the railway is the best justification of tbe remedies
adopted. Eiehteen months ago, of 71 engines, 33 were
wholly disabled, a•rd 16 only in fair working condition ;
now, out of 72 engines, 53 are in good working order,
and 10 only undergoing heavy repairs. At the former
period punctuality of trains was the exception, now
it is the rule ; then the goods engines were incapable
of keeping time or drawing the traffic, now the goods
trains are nearly as regular as the passenger trains ;
then collisions were frequent, now accidents are of
rare °column, • ; fin) /y, fe the year ending 31st Janu-
ary, 1855, the revenue was 243.0001., and for the year
ending 111 st January last it was 253,000/. The whole ex-
pense of restoring efficiency to the railway has been
borne by revenue, includine the loss of 1,775?.. by depre-
ciation of three old r ngines sold. Capital has only been
charged with the cost of additional stock on value imparted
to old stock, rebuilt and improved, and of new works re-
quired for the traffic, the safely of the public, or economy
in working. The directors re co mmend the shareholders to
suppert them in their anolicarion to Parliament forraising
further capital to pay off the ►iabilities of the company and
to provide accommodation for the increasing traffic. They
state that if capital were in a condition to repay the ad-
vance made to it frogs revenue, a dividend at the rate of
1 per cent. per annum might be paid to the ordinary
shareholders now on the register. A provisional agree-
ment has been entered into for working the Selkirk and
Galashiels Railway. 64 miles in length, on terms mutu-
ally advantageous to both companies. The capital ac-
count showed that 4,470,9931. had bean received, and
4.509,885/. exnender', leaving a balance against the com-
pany of 38,886/. The revenue account showed that
136,5101 had been received during tl • half-year, and
86,0621. expended in working expenses, and 25,3461.
interest on loans, leaving a balance of 25,102/.