The Sun.
London, England, 1866-02-12 00:00:00

RAILWAY INTELLIGENCE,

LONDON AND SOUTH-WESTERN.

The report of the directors states that the net re-
venue for the six months ending the 31st of De-
cember last, after deducting interest on loans and
all other preference charges, amounted to £213,033,
to which was added £746 from the preceding half-
year, making £213,779 available for dividend.
From this sum the directors recommended a divi-
dend at the rate of 5i per cent. per annum, payable
on the Ist of March, leaving a balance of £1,103.
The interest on the company's mortgage debt stood
at 4.28 per cent., as against 4.26 per cent. for the
same half of 1864. The total traffic receipts for the
half-year ending the 31st of December amounted,
on 4934 miles, to £787,143, against £749,905 on
4704 miles for the corresponding half of 1864, show-
ing an increase of £37,238. The expendi-
ture amounted to £386,367, against £368,571,
showing an increase of £17,796. The net
revenue of the half-year amounted to £400,776,
against £381,334 in the corresponding half of
1864, showing an increase of £19,412. The
report of the locomotive engineer showed an in-
crease of 206,100 train miles, the rate per mile being
9.85 d. as compared with 10.24 d. per mile for the
corresponding period of 1864. This increased mile-
age principally arose from the opening of the An-
dover and Redbridge and the Alton and Winchester
lines, together with a portion of the Devon and
Cornwall line (about eight miles in length) ; the
Weymouth and Portland Railway, worked jointly
with the Great Western Railway Company, and the
new service of trains between Kensington and the
Waterloo and London-bridge Stations. The South-
ampton and Netley Railway and the junction with
the Metropolitan Extension of the London, Chat-
ham, and Dover Company at Clapham mght be
considered as completed, and it was hoped they
would be opened for traffic on the Ist of March.
By the latter, and the connection it would form be-
tween Ludgate-hill Station and Clapham Junction
via Brixton and Camberwell, a new system of trains
would be organized between Ludgate-hill and the
Richmond, Twickenham, and Kingston lines. The
further arrangements contemplated could not be
carried out until thedoubling of the line of the Chat-
ham Company, the Brighton Company's works on
the Tooting and Sutton line, and the opening of the
Tooting, Merton, and 11, imbledon Railway were
finished. Those works were all making satisfactory
progress. The capital account showed that
£14,762,867 had been received, and £14,738,365
expended, including £519,391, during the past half-
year, leaving a balance of £24,502.

HULL AND SELBY.

The half yearly meeting of this company was held
on Friday at Hull, Mr. J. R. Pease in the chair.

The C lIAIRMAN moved the adoption of the report,
which stated that the- amount available for dividend
was £34,475. Out of this the directors recom-
mended a dividend of £2 9s. 6d. on each £5O share,
and in likeproportion on the half and quarter shares,
less the Income-tax. The chairman remarked that
the expenses for the past half-year had been un-
usually light, and he therefore hoped the directors
would soon be in a position to pay the full dividend.

Mr. J. Loft and Mr. J. Whitaker, the retiring
directors, and Mr. J. Buckton, the retiring auditor,
were re-elected. The proceedings then terminated.

DUBLIN, WICKLOW, AND WEXFORD.

The directors of this company state in their report
that the accounts for the half-year ending Dec. 31
show a profit on revenue of £33,771, and a total
balance available for dividend of £34,024 ; out of
which the directors recommend the usual dividends,
at the rate of 6 per cent, and 5 per cent. per annum
on the original stock of the company, and on the
sums paid in advance of call on the stock of 1864,
leaving £9,687 to be carried forward. The returns
of traffic show an increase over the corresponding
half year of £13,514, of which £10,679 has been
derived from passengers, £1,218 from minerals, and
the remainder from goods, cattle, and parcels. While
the increase in the traffic receipts has been so consi-
derable, the total expenses of working and manage-
ment were only £28,536, or about £3OO less than
the corresponding half of 1564. The works on the
Wexford Extension line were being proceeded with,
but not very rapidly, as the present time is not
favourable for the issue of the shares required to
raise the capital for its completion. The capital
account showed that £1,717,439 had been expended,
leaving a balance against the account of £192,831.
The revenue account for the half-year ending Dec.
31 last showed that £95,290 had been received, and
£32,176 expended, leaving a balance of £63,114,
out of which £19,378 was deducted for rent of
Kingstown line and £9,965 for interest on loans and
debentures, leaving a balance of £33,771.