The Sun.
London, England, 1866-02-20 00:00:00

mure yesterday steamed up to Millwall, from Wool- Pier (Railways) and the Mid Wales. In the cases
with, and entered the ironworks and shipbuilding of the Blyth Valley and the Worksop and Doncas-
company's dockyard there, to be fitted with new ter there were no appearances. The Salisbury and
boilers and have her engines overhauled. She is Dorset Junction was adjourned to the 21st inst.
likewise to be thoroughly repaired and coated with The Bristol and North Somerset (Bristol lines)
Peacock's composition anew, which will require a until the 29th, and the.Bridport, Lyme, and South
month's docking. Coast until the Ist of March. The Tavistock and
The sailing transport ship Thessalia, in the service Gunnislake was postponed.
of the War Department, has sailed from Woolwich The following railway bills complied with the
Arsenal, laden with hutting materials, for Bermuda. standing orders before Mr. Frere :—Cashel Junc-

The Investigator, laden with a similar cargo, for
Bermuda, is also ready for departure.

tion, Waterford, New Ross, and Wexford Junc-
tion, Colnbrook, Belfast Central (Belfast Corpora-
_ .

The following appointments were made yesterday
at the Admiralty :—S. Libby (b.), master, to the
Victory, for service in the Black Eagle ; H. A.
Easther and T. H. Flood, second masters, additional,
to the Princess Royal, for disposal ; A. Hackman,
second master, to the Hector ; J. T. Partridge,
second master, to the Achilles, and J. Knight,
first class assist.-engineer, to the Topaz.

tion) ; and the London and South-Western (addi-
tional powers). There were no appearances put in
for the Hollywell Port, Holloway and Metropolitan
Junction, Cray Valley, and the Tyne, Wear, and
Tees. The cases of the West Cork, Cork and Ban-
don, Cork and Kinsale Junction, and Cork and
Macroom direct (arrangement) was postponed, and
the Merthyr, Tredegar, and Abergavenny was ad-
journed until Monday, the 26th inst.

RAILWAY INTELLIGENCE.

-

NORTH LONDON.

The report of the directors states that the traffic
receipts for the past half-yearamounted to £109,785,
and for the corresponding half of 1864 to £93,832,
showing an increase or £15,953. The large increase
in the receipts from passengers was in a great mea-
sure attributable to the City Extension line, which
was opened for passenger traffic in November
last. The working expenses for the same period
were £62,679, as against £51,331 in 1864. A
half-hourly service had also been established
over the Hampstead Junction, and the North
and South Western Junction Railways, the
expense of which was considerable ; the re-
ceipts for working these sections of the company's
system were increased by £3,374. The passenger
traffic over the City Extension line had been such as
fully to bear out the original estimate, and there
could be no doubt that so soon as the goods station
of the London and North-Western Company was
completed the receipts from both descriptions of
traffic together would secure to the proprietors a
good return, notwithstanding the heavy cost of the
line. The conditions under which the preference
shares were issued provide that the interest thereon
should not become chargeable against revenue until
after Dec. 31, 1865, and the directors therefore pro-
posed to carry forward a large portion of the in-
creased receiptsin anticipation of this charge, which
would come into operation during the, present half-
year. Dividend and interest on the increased capital
raised by ordinary shares and debentures had been
charged against revenue from the date of issue.
After providing for debenture interest, the net ba-
lance to the credit of revenue was £43,885, from
which the directors recommended that a dividend be
declared at the rate of 6 per cent. per annum, leav-
ing a balance of £4,585 for the current half-year.
The capital account showed that £2,613,207 had
been expended, leaving a balance of £4,156. It was
proposed to raise £150,000 additional capital by the
issue of ordinary shares.