The Sun.
London, England, 1860-03-06 00:00:00

RAILWAY INTELLIGENCE.

EDINBURGH, PERTH, AND DUNDEE.
The report of the directors of this company
states that the gross revenue for the half-year end-
ing the 31st of January last amounted to £96,356,
and the expenditure, including £2,002 for taxa-
tion and Government duty, to £47,661, leaving
the net revenue £41,695. The net revenue
for the corresponding half year ending the
31st of January, 1859, amounted to £45,891,
B'astocompared
£44,573.
Theapd gernodsisnig.eotehi ep
tbslosft
theof Jpaa ns
tuhalf
yearlB o
with the corresponding period. of the preceding
year showed an increased of £6,147, the working
charges an increase of 13,344, and the net increase
£2,803. A portion of the additional receipts, as
conveyancewell as of the
of
textrahe expenses,goods
was attributed to the
and mineral traffic is
connexion, with Dundee by Broughty, in place of
as fox several years previously, by way of Perth.
The cost of the train mileage, inclusive of repairs of
engine, waggon, and carriage plant, last half-
year had been 9.99 d. per mile, against 11.23 d. in
the corresponding half of the preceding year.
The balance of £721 from the previous half-year,
added to the net revenue, made a total of £49,416.
From this was deducted £24,648 for interest on first
claps debentures and debentures stock A, £8,195f0r
interest on second class debentures and dividend at
the guranteed rate of 5 per cent. per annum on de-
benture stock B, £1,254 for dividend on Granton
preference stock at the rate of 4 per cent. per
annum, and £ll,OOO dividend on the £5
preference stock at the rate of 4 per cent. per
annum, leaving a surplus of £3 618. The charge
for debenture interest last half-year exceeded
that of the previous half-year by £1,102. The
increase in the interest and preference charges of
the company came into operation under the Ar-
rangements Act, by which the debenture debt was
made to bear reduced rates prior to May, 1857,
since which time, however, the rates had increased.
In the four half-years prior to July, 1857, the de-
debenture interest and preference dividends
amounted to £34,326, £34,437, £36,880, and
£36,850 respectively. In the four half-years sub-
sequent to July, 1857, they amounted to £42,369,
£43,802, £43,941, and £43,995 respectively. The
increase in the last sum, as compared with the
first sum, amounted to £15,807 a year. The
still further increase of X 1,802 in the last six months
arose from a similar cause; and in future the de-
benture charge would be governed by the market-
able rates of interest upon similar securities. The
remainder of the cash advances which were made
by the banks on personal security, and which,
from the magnitude of their amount, created much
expense and trouble, had now been wholly ex-
tinguished. The net receipts of the company
in the year 1854 amounted to £65,710, and in
185.0 to £91,133, showing an increase of 381 per
cent. The capital account showed that £3,341,808 had
been expended to the 31st of January last.

DARTMOUTH AND TORBAY.
The report of the directors stated that for the
five months eliding the 31st of December last, the
earnings of the company
amounted to £722, but
from this sum must be deducted £428, due to the
South-Devon Company for working expenses, leav-
ing a net balance of £344. A sum of I:38 would be
paid by the South Devon Company for interest at 4
per cent. on £2,500, expended on the Torquay sta-
tion, making a total net receipt of 1:383. The open-
ing of the next sectiin would materially improve
the position of the proprietors, as not only would
the percentage payable by the South Devon Com-
pany be increased by 10 per cent. of the grass earn-
ings, but a considerable additional traffic from Brix-
ham and Dartmouth was expected.