The Sun.
London, England, 1858-04-26 00:00:00

EAST INDIAN.

The report of the directors states that the works on the
South Beerbhoom district are making good progress.
There has been some failure in brick-making ; but there
appears to be no reason why the first tweroyafour miles
should not be opened by the 14 of June next. The
other portions of the line are being vigorously proceeded
-vith. From Allahabad to Ca wnpere the works have
been making good progress ; about sixty indee have oeen
opened fey some time for the conveyance of mails,
troops, stores, &c , and every exertion will be wale to
complete these 126 wiles by about June next. From
consid,rations arising out of the mutiny, it is in the con-
templation of the government CO chance the route of the
line above Cawn pore, and its terminus ie the upper pro-
vinces, en route f -r Lahore, will probably be at Meerut
iustead t f Delhi. This alteration will ie 'solve the sacrifice
of a considerable outlay already made on the works
between Shekoabad and Delhi, the amount of which will
be claimed from the Government. Tue board much
regret that they have not received the revenue accounts
fur the half year ending 31st Decerabi4. They are at a
loss tot xplain the circumstance, and trust that they inay
still arrive in time for the meeting ; they will be circle.
lated amongst the proprietary immediately on their ar-
rival. Tee i& formation the beard possess enables them
to report that the number of passengers carried between
July and December was 522,360. Whilst this shows a
decreaee in tee traffic of 26,187 passengers as cempereti
wide the preceding hell-year, it gives an increase over
the corresponding half-year of 57,239 passengers. The
tonnage in good-, and minerals, exclusive of parcels, car-
riage, and livestock from the let of July to 31st Dec.,
was 70,355 tons, giving an increase of 6,605 tens ever
the preceding half-year, or 25,660 tons over the corre-
sponding half-year 4-f 1856. Toe traffic receipts for the
half-year ending 31st December were 68 9731. 18'. 81.,
showing an increase of 5 5141. 14a sd. over the preced•
ing half-year, or 20 3451. 15s. 11d. over the correspond-
ing half-year of 1856. The total receipts for tne ye ,r
1857 were 132,4341. 2s. 111 against 96,1001. 10a 2d. for
1856, and the board cannot refrain from congratuiatmg
the proprietary on so favourable a result. In the absence
of the accounts they are unable to show what the last
belt-year's working expenses have been, nor are they it!
a position to report toe amount of net revenue handed
over to the Government towards payment of the gua-
ranteed interest, but they have reason to anticipate a
very sati,factory statement. The hoard have much plea-
sure in reporting that the terms of the contract for the
Jubbulpore line are at length settled in a manner which
cannot fail to be satisfactory to the proprietary The
capital to be raised in the first instance is 2,000,0001.,
under a guaranteed interest of five per cent. per annum ;
leaving the rate of interest upon any further amount of
capital which may be required to be adjusted hereafrer.
The accounts of this line are to be kept altogether dis-
tinc'. from those of the Delhi line, so that the interests
of the shareholders under their original contracts will re-
main intact, and the realisation of any surplus profits to
which they may become entitled under them cannot be
affected by this new contract, which in its general terms
is precisely tee same as the former ones. The amount of
capital now to be raised will ei,abte the board to nifty the
proprietary two shares in the Jubbulpors capital 1 r
every nine si ares they now hold in the company, and as
coo, as the contract is executed circulars. will be seas
out, giving the' proprietary the option cf taking the
shares referred to. Toe first deposit will be 51. per share,
and payments will be received in anticipation of future
calle. A resolution will be submitted at this mee leg
consolidating into stock all the paid-up shares in the
company which have not been already consul dated under
th resolutions of the general meeting of the 30th Oct.,
1856.