The Sun.
London, England, 1859-03-02 00:00:00

RAILWAY INTELLIGENCE.

GREAT INDIAN PENINSULA.
The following are some of the principal state-
ments in the annual report for the year ending 30th
June, 1858, just issued :—The capital account to the
30th Jane, 1858, shoWs the total receipts to that
date to have been £3,820,804 3s. ld., and the ex-
penditure £3,040,281 Os. 7d., leaving a balance in
hand of £780,523 2s. 6d. t the date of the last
report (30th June, 1857) the capital of the company
consisted of £3OOOOO shares of £2O each, equal to
£6,000,000, and of £333,300 debentures. On the
23d May last, with the sanction of the East India
Company, and under the authority of the resolution
of the extraordinary general meeting of the share-
holders on the 11th Jan., 1854, the board created
additional capital to the amount of £2,000,000,
for the general purposes of the company, but with
the view particularly of pressing forward the con-
struction of the north-east line. The capital of the
company now, therefore, consists of £8,000,000
represented by 400,000 shares of £2O each, bearing
guaranteed interest at the rate of 5 per cent. per
annum, and of £333,300 debentures, at 41 per cent.
per annum interest, issued for a determinate period
of five years, which expires in January, 1860. In
respect of revenue the report states :—At the close
of the year 1856-57 the railway was being worked
in the Concan between Bombay and Wassind and
Campoolee, a distance of 881 miles, including the
short branch to Mahim. The net profit of the year
was equal to £3 13s. Bd. per cent. on the capital cost
of the whble 1304 miles of railway which was being
worked on the 30th of June. But excluding from
the calculation the capital cost of. the 42 miles
opened only on the 14th of June, as well as the
traffic receipts and expenditure upon that length,
the net return was equal to £5 Os. 4d. per cent.
upon the capital cost of the 881 miles of Concan
line, as against £4 6s. 10d. per cent. on the pre-
vious year. This result is considered by the board
to be highly satisfactory.

GREAT WESTERN AND BRENTFORD.
The half-yearly meeting of this company was
held on Monday, at the offices, 27, George-street,
Westminster, the Viscount Villiers presiding.
The CHAIRMAN, in moving the adoption of the
report, congratulated the meeting upon the terms
of the lease which had been entered into with the
Great Western Company, because he was satisfied
that the effect of it would be to secure to them an
immediate and certain return—and by no means a
small return—upon the capital which they had in-
vested in this undertaking. It was framed upon
the principle of being mutually beneficial to both
parties ; for whilst it would bring great traffic upon
their short line, it would prove a much advantage
to the larger company, by bringing it at once into
communication with thebasin of the Thames. (Hear,
hear.) Under this arrangement, their dividend must
reach rather more than 5 per cent. ; for, according
to the lowest estimate their receipts must amount to
£8,683 per annum, and in all probability they
amount to £12,000 a year. On the whole, he
thought that the meeting would concur with him,
that the agreement was a very favourable one for
his company, and that it would not be onerous or
oppressive upon the Great Western. (Hear, hear.)
The report was unanimously agreed to, and the
proceedings terminated with a vote of thanks to the
chairman and the directors.

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l the ex
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