The Sun.
London, England, 1858-02-16 00:00:00

SCINDE.

, The report of the directors of this company states
that in September last- tho 'Bombay GoVernment
approved the line originally proposed by the coin-
pany. On receipt of this intelligence the directors
lost no time in entering into a c.)utract for the
execution of the works between Kurrachee and
Kotree, the port of Hydrabad, with Messrs. Bray
and Co., and a member of that firm, accompanied
by an efficient staff, sailed for Kurrachee by the
last steamer ; previous to which, in order to accom-
modate the pressing wants of Government and the
immense lo'ial tratE,,c, they deemed it advisable to
commence operations by coostructing
four miles of
the lino between the harbour and Kurrachee. Per-
manent way material for 60 miles of the line, with a
portion of the rolling stock hos been despatched,
and a further quantity isnow being forwarded.
The directors have received intelligence that coal
adapt 3d for the use of locomotives has been dis-
covered near the upper terminus of the Scinde
Rail-
way, which cannot fail by decreasing the working
ei:Jenses to have a beneficial influence on the remu-
nerative character of the undertaking. This coal
has been successful) tried by the Hen.
Company's steamersTh
on the Indus. East India
The directors
continue to receiv©
depth of water in the harbour of Kurrachee. The
advantages of having so good a Barbour at the
terminus of the railway are apparent, both. for
effect. which it will
the immediate facilities afforded for landing the
most favourable accounts of the
stores of. the conapany, and for the powerful
lug
.the commerce of Upper and North-Western
India. The import and export trade of the port
of Kurrachee for the year ending May, 1853,
815,103/. ; ending 1855 t 0922,0891.
amounted to 912,027/ ; ending May, 18") to
necessarily have in develop-
May, 1856, to May,1,234,253/. ;and ending May, 1857,
; ending
to 1,420,187/. The authorities in Scinde have
recommended that the directors be atithor?sed
to survey a branch line from Sukkur vid Shikar-
poreway the trade of
and. Jacobabad to Dadur near the Bolan.
Pass, is ith the view to secure to the Scinde Rail-
tries. They have also recommended the survey
of a branch line from Hydrabad to Deesa, which,.
when. executed, will place Kurrachee in direct
railway Affghanistan and adjacent coml.
com.raunication with Bombay, and
eventually with Calcutta the Bombay and Baroda,
and Central India Railway Company being about
to extend their line to Deesa. With reference
to
these branch lines Mr. Battle Frere, the com-
missioner in Sande, in a despatch to the Go-
vernor of Bombay,
" that both the. lines referred to appear of the
dated the 21st of July, states
very greatest importance, not only in a commercial,
tlaitadryead
level, and political point of view. The
in perfectly
been bridged, the road has been
the canals and water-
straight lines of from 10 to
20 miles without turning. or angle, and the por-
tions subject to inundation have been raised."
carriedcbcoouuttlnrlstnera in perfectly
te
The t
have survey
cof
.the Punjaub Railway has been
tio
the plans and sec-
East India Company bare this country, and the
sanctioned the issue
of 1,500,000/. of capital, on which they will guaran-
teesvie beenri received lei
u d'
5 per cent. interest upon the usual terms, which
Inonss
will give three shares in the guaranteed capital for
every five shares in the 2,500,000/. for which scrip
has been issued. The military and political im-
portance of this railway cannot be over-estimated.
It will be constructed at a very
moderate expense,
and from the great existing traffic the directors have
every expectation that the hue will prove most re-
munerative. The survey of a line of railway from
Lahore to Pes.ha.wu.r, near the Khyber Pass, has
been recommended by the Government of India,
and authorised by the East India
Company, and
the execution of it intrusted to the engineering staff
of the l'unjaub Railway. The capital account
showed that 418,671/. had
interest,
received, includ-
ing 28,258/. on account of and 264,275/.
expended, including 28,2161. interest paid to pro-
prietors, leaving a balance in hand of 2,875/., and
with the East India Company of 151,520/.

CALCUTTA AND SOL/TH.-EASTERN.
A meeting of shareholders liras held yesterday at
the London Tavern, Lieut.-Colonel Kennedy in
the chair. The meeting was called to give infor-
mation to the shareholders of the prospec's and po-
sition of the company. The secretary read a re-
progress of
stated that
tphoer tugnidv
ei nrtga
ka account The ofchtahier
rnoraingitnhe andn
the company did not originate the project ; it aroze
from the mercantile interest of Calcutta. .Not-
withstanding the opposition of the present Go-
vernor-General, who had only had a few month.'
experience of Indian requirements, the shareholders
should be satisfied with the superiority of the port
of Matla over that of Calcutta for commercial pur-
poses. The report made by the surveyors and the
late Governor-General's order went to Imre it.
Mr. Wyld urged that the directors should go f r a
guarantee, with %view to getting the shares paid
up with more regularity.
The Chairman said the directors had an objeo-