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 twenty-four miles
should not be opened by the Ist of Jnre next. The
other portions of the line are being vigorously proceeded
with. From Allahabad to Cawnpore the works have
been making good progress ; about sixty miles have been
opened for some time for the conveyance of mails,
troops, stores, &c , and every exertion will be made to
complete these 126 miles by about June next. From
considerations arising out of the mutiny, it is in the con-
templation of the government to change the route of the
line above Cawnpore, and its terminus in the upper pro-
vinces, en route fir Lahore, will probably be at Meerut
instead of Delhi. This alteration will involve 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. Toe board much
regret that they have not received the revenue accounts
for the half year ending 31st December. 'They are at a
loss to explain the circumstance, and trust that they may
still arrive in time for the meeting ; they will be circu-
lated amongst the proprietary immediately on their ar-
rival. Tne information the board possess enables them
to report that the number of passengers carried between
July and December was 522,360. Whilst this shows a
decreaFe in the traffic of 26,187 passengers as compared
wids the preceding half-year, it gives an increase over
the corresponding half-year of 57,239 passengers. The
tonnage in goods and minerals, exclesive of parcels, car-
riages, and livestock from the Ist of July to 31et Dec.,
was 70,355 tons, giving an increase of 6,605 tons over
the preceding half-year, or 25,660 tons over the corre-
sponding bail-year of 1856. Tee traffic receipts for the
half-year ending 31st December were 68,9731. 18s. BJ.,
showing an increase of 5 5141. 14e. 51. over the preced-
ing half-year, or 20,345/. 15e. 11d. over the correspond-
ing half-year of 1856. The total receipts for the year
1857 were 132,4341. 2s. 11d. against 96,1001. 10,. 2d. for
1856, and the board cannot refrain from congratulating
the proprietary on so favourable a result. In the absence
of the accounts they are unable to show what the last
halt-year's working expenses have beau, nor are they in
a position to report the amount of net revenue banded
over to the Government towards payment of the gua-
ranteed interest, but they have reason to anticipate a
very satisfactory statement. The board have much plea-
sure in reporting that the terms of the contract for the
Jebhulpore 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 2,000,000/.,
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 hereaf er.
The accounts of this line are to be kept altogether dis-
tincs 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 evab'e the board to offer the
proprietary two shares in the Jubbulpore capital fer
every nine shares they now hold in the company, and as
800. as the contract is executed circulars will be see,
out, giving the proprietary the option of taking the
shares referred to. Tne first deposit will be 51. per share,
and payments will be received in anticipation of future
calls. A resolution will be submitted at this wee lug
conselidatiog into stock all the paid-up shares in the
company which have not been already corm:a:dated under
th resolutions of the general meeting of the 30th Oct.,
1856.