The Sun.
London, England, 1860-03-27 00:00:00

CAPE TOWN.

The directors state in their report that since the
last meeting much progress had been made in the
earthworks on the line and in the shipments of
materials. The greater portion of the rails and
sleepers were now on the ground between Cape
Town and Stellenbosch. The direction of the exten-
sion lino into Cape Town and the position of the
terminus there had also been decided. Four power-
ful locomotives had been despatched to the colony,
and one moiety of the carriages and other rolling
stock was now in course of shipment, so as to pro-
vide for the opening of the first section of the line
with as little delay as possible, whereby a consider-
able impetus would be given to the undertaking.
Under the terms of their contract the company were
bound to expend 125,000 in work and materials
to the satisfaction of the colonial engineer within
a period expiring on the 4th of last month. The
directors had received the certificate of the colonial
engineer, verifying the due fulfilment of that obli-
gation. All calls, or payments in anticipation of
calls, bear the guaranteed interest of £6 per cent
per annum from the date of payment into the com-
pany's bankers. The capital account to the 29th
of February last showed that £100,850 had been
received, and £72,080 expended, leaving a balance
of £28,770.

OTTOMAN (FROM SMYRNA TO AIDIN.)
The directors in their report state that the delay,
that had occurred in the progress of the first sec-
tion, and other local matters, induced the board in
November last to request their consulting engineer
to visit the works. Since that period the chair-
man, Sir Macdonald Stephenson, had also proceeded
to Smyrna, and the reports of both those gentle-
men as to the future prospects of the undertaking
were satisfactory. The directors fully concur with
the consulting engineer in the importance of a
branch from a point 361 miles from Smyrna to
Tireh, which would bring the traffic over the en-
tire length of the first section of the main line.
One of the principal obstacles to the more vigorous
prosecution of the works had been the want of funds,
many of the shareholders having failed to pay up
their arrears. During the past half-year the total
receipts from calls amounted to £89,523, paaking,
together with the previous payments, £352,723;
while the arrears from the commencement to this
time amounted to £72,206. Since the 31st of
Dec. £3,268 had been received, of which £1,948 was
on account of calls in arrear. To enable the com-
pany to prosecute the works, the directors had
determined on raising a sum not exceeding £250,000
on debentures. On the part of the Turkish Govern-
ment there existed an earnest desire to render all
the assistance required by the company.
The report of Mr. E. Clark, the consulting en-
gineer, stated that the permanent way was now
laid over about 18 miles of the first section, which
was fenced in throughout its entire length. There
still remained a large amount of work to be done
before the first section could be opened for public
traffic.

AQUATICS.

UNIVERSITY BOAT RACE.

The following crews are now training over the metropo-
litan course at Putney for this great event, which comes
off next Saturday : _

OXFORD. st. lb.
1. J. N. Macqueen, University
2. G. Norsworthy, Magdalene
3. T. Halsey, Christ Church ll 8
4. J. Young, Corpus
5. G. Morrison, Balliol
6. H. F. Baxter, Brasenose
7. J. Strong, University
Stroke, R. W. Risley, Exeter
Coxswain, A. J. Roberts, Christ Church 9 9
CAMBRIDGE.
1. S. Heathcote, Trinity
2. H. J. Chaytor, Jesus
3. D. Ingles, Trinity
4. J. S. Blake, Corpus l2 9
5. M. Coventry, Trin. Hall
6. B. N. Cherry, Clare
7. A. H. Fairbairn, Trin.
Stroke, J. Hall, Magdalen
Coxswain, J. T. Morland, Trin.
We are requested to state that the above race will be
rowed from Putney to Mortlake, and not from Mortlake to
Putney, as was originally intended. The start will pro-
bably take place between 8 and 9 a.m.

LONDON ROWING CLUB.
This great metropolitan club, despite the extreme rough-
ness of the weather, opened their season at Putney on
Saturday last, when, in addition to three eights, the new
12-oared outrigger, built by Jewett, of Dunstan, was out,
and considerable interest was created by the announcement
that she would on this occasion be pitted against a picked
eight, both boats being manned by members of the club.
The race started from Hammersmith-bridge, and was level
at a fine pace to near the Crabtree; here the twelve had
drawn nearly their length in advance of the eight, and
succeeded in beating them at Putney by a couple of lengths.
The Oxford crews were coming back from their first trial
about the time of the race, and, with some crews of the
West London Rowing Club, whose best four gave the
London picked eight some work to beat thew, the river
preaeateg a most palmated apporance.