The Sun.
London, England, 1858-07-19 00:00:00

Total traffic recc-iple (ex-
cluding cartage) .1.!337,782 £419,183 £333,32G

Haintenance of ry
Locomotive power
Carriage and waggon de-
partment .............
Coaching bailie charges
Goods traffic charges (ex-
cluding cartage)
General charges
Law awl Parliamentary
charges
Rates and taxes.
Government duty
Toll to the South-Eastern
Railway Company

21,048
13,2 G
31,703
9,801
4,561

20M 6
40,976
11,581
32911
9,883
4,275

479
11,97
11,050
475

1:3,76
10,674
434

Total working expenses and
renewals (exc. cartage)... 154,512 180,8;1 14'5,856
Cartage

Total £161,612 £183,493 £152,847
Distinguishing the ordinary c-xlcnses from the amount
expended in renewals and additions, and from the cart-
age, the general result of the comparison wi la the c.ir-
responding half-year of 1857 will stand thus—
Half-year ending
Juno 30, 1857. Juno 30, 1 5 '.
Ordinary expenses £138,901 £133,t;82
Renewals and additions 15,611 12,274

Total expenses, including cartage £l5l, £ 45.856
Per train per mi►e
Per cent. on traffic rec,ipts
Cartage 7,130 6,:;91

Total £161,612 £152,47
The directors have continued the inea urea of economy
which they felt it necessary to introduce duilog the
latter part of 1857, and the proprietors will be pleastd
to find that, while the line and plaut, as well as the
safety and efficiency of the service, have been fully main-
tained, and while a new arid Extra outlay has necessarily
been incurred in working the through traffic over the
Nest-en.l line, yet a considerable reduction of expendi.
ture has been effected; which, added to the advantages
above referred to under the head of revenue, aided by the
reduced price of almost every kind of material used on a
railway, has resulted in proiucieg an available balance
equal to that of the corresponding periods of 1856 and
1857. At the same time it is right to observe that a
saving has also arisen in consequence of the large corns
-xpended in renewals during previous years, of which
the proprietors are now deriving the benefit. A new
and more correct system of keeping the accounts in the
locomotive department was introduced on he Ist fjan,
last. The mileage now represents the number of miles
actually performed, all additions heretofore made for
grunting; standing at stations, or getting up steam hav-
ing ceased. Oa the other hand, the locomotive account
is credited with an allowance for the engines employed
exclusively in marshalling trains at the London, New
Cross, and Brighton stations, tne amount a f which is
placed to the debit of coaching and goods traffic charges
respectively ; these items being thereby increased by the
sums which appear in the abstracts. Tee necessity ef are-
celerating the communication by express trains bet ween
London and Haitinv has rendered it advisable to re-
lay a portion of the line between Lewes and B xhill.
Toe work has been completed, and the cost placed to
the debit of the permanent way improvement acc count;
and although the balance of that account hat thus been
unexpectedly increased, the proprietors must remember
that tlds outlay will not only enable the traffic to be
worked with greater efficiency, but will lead to reduced
expenditure in repairs, as has already proved to be the
case on other portions of the railway which have been
so re!aid. Of this balance, 3,000/. has boon placed to the
debit of the past half-year's revenue, and a due proportion
will be written off in each succeeding half.year. The di-
rectors refer with great satisfaction to the withdrawal of
the bill promoted by the Mid Kent Company for the con-
struction of a competing line to Croydon, this company
agreeing to construct a spur line from Not wood station,
of less than half-a-milein lereth, by means of which all
the requirements uf the Mid Kent Company will be met,
and the public will obtain, in other respects, gnat r
facilities and accommodation ; also to the complete suc-
cess of the bill promoted by this company for constructing
the line from Shoreham via Steyning, Henfield, Red
West Grinstead, to join the Mid Sussex Reilway near
Horsham. Concerning the bill promoted by the Pot ts-
mow h Railway Company, the contest resulted in the
Portsmouth company obtaining the powers both of con-
struction and of running, but protective clauses were
im acted which secure a proper arbitration as to the tol
to be paid, ani which exclude the Portsmouth company
from the use of the Portsmouth station. It is most gra-
tifying ta the directors to be able to announce that, the
bill for the construction of the Victoria Station and Pim-
lico Railway has passed both Houses of Parliament, ald
is only waiting the royal alsent. Large as the expendi-
tore way appear, the directors have to hesitation in
repeating their conviction that the outlay will prove
remunerative, and that the property of the company
will thereby obtain additional security, and be placed •
on a still firmer basis. The works will he commenced
without delay, the Victoria Company being under an
engagement to this company that they shall be eompl?ted
within two years. A special mettir g will be held jai.
mediately alter the ordinary general meeting, at which
the direc ors will submit the necessary resolutions for
creating the caaital which the company is authorised to
raise for the before-mentioned purposes. The not amou. t
at the credit of the revenue account is 110,0171., out of
which the directors recommend the payment of a divi-
dend of 21 per cent. for the half-year, amounting to
115,464/ , leaving a balance to the credit cf the current
half-year, of 5531."