The Sun.
London, England, 1859-08-15 00:00:00

LONDON AND NORTH-WESTERN.

The financial statement of this company for the
half-year ending the 30th of June last is, as usual,
full and explicit. It shows that 35,492,0041. had
been received on capital account, including
23,359,8701. received on stock and shares, 39,9521.
received on aceount of calls on the 121. 10s. shares,
314,5411. in advance of calls; 10,689,7131. on loans
and debentures, 312,8301. on 31 per cent. debenture
stock, and 775,0981. on 4 per cent. debenture stock.
The expenditure on capita) accounted to 34,813,0531.,
including 5,665,5781. invested in 12 lines in which
the company have an interest, 3,089,3941. expended
on rolling stock, 421,907 L. in hurls and buildings
yielding rent, and 269,8921. in improvement of
road, leaving a balance of 678,9511.
Of the loans on debenture he sum of 361.8001.
was borrowed at 5 per cent., 1,439,5081. at 41 per
cent., 5,514,8721. at 42 per cent., 65,4001. at 41 per
cent., 2,627,2051. at 4 per cent., 377,5281. at 31 per
cent., 261,0001. at 31 per cent., 41,700/. at 31 per
cent., and 7001. at 3 per cent. •, total 10,689,713/.
The return of working stock to the 30th of June
showed that there were 779 locomotive engines,
772 tenders, 1 state carriage, 710 first-class mails
and composite carriages, 506 second-class, 425 third-
class, 32 travelling post-offices and post-
office tenders, 313 horse-boxes, 259 car-
riage trucks, 273 guards, break, and parcel
vans; 31 parcel carts and trucks 11,058
waggons, 1,238 cattle waggons, 279 sheep
vans, 1,122 coke waggons, 27 trolleys, trucks, &c.,
8,500 sheets, and 208 horses. The total amount of
capital expended on this working stock and move-
able machinery was 3,089,395/. including 6,3981.,
expended during the past half-year. The amount
expended out of revenue for the half-year ending
the 30th of June on repairs and renewals of the
above stock amounted to 181,9271., and for the pre-
ceding half-year to 182,7501., making for the year
363,777/ , or 11-77 per cent. on the cost of the stock.
Of the 363,7771. expended out of revenue for the
year ended the 30th of June, 193,1821. was for the
repairs and renewals of engines and tenders,
61,9661. for ditto of carriages, 80,4671. for ditto of
waggons, 14,903 for ditto of machinery and coke
waggons, and 13,248/. for miscellaneous stock.
The revenue account for the half-year ending
the 30th of June showed that 1,736,5991. had been
received, including 8,9861. for cash balances and
calls in arrear, 21,2941. for rents of land and build-
ings, 4191. transfer fees, 2,0961. 'for Huddersfield
Canal traffic, and 69,7481. estimated dividends on
investments on other railways. The expenditure
for working the traffic amounted to 787,875/., in-
cluding 24,9051. for passenger duty, and 31,162/. for
rates and taxes, leaving a balance of 948,714/.
From this is deducted 243,0261. for interest on loans
and debenture stock, 5,3771. chief rents and interest
on land purchases ; 2,5001. expenses of Peterborough
joint station ; 10,000/. for Parliamentary and legal
proceedings ; 5,2761. Preston and Wyre deficiency;
24,9001. Buckinghamshire rent ; 25,7341. North
Union rent; 56,431/. Chester and Holyhead guar-
anteed dividend on preference shares and interest
on loans ; 16,2161. Shropshire estimated deficiency;
2.567/. Manchester, Buxton, and Matlock defi-
ciency ; 900/. West London rent; 1,0351. Leeds and
Rochdale canals deficiency ; 10,6651. Stour Valley
estimated dividend ; 2,582/. for Stockport, Dislev,
and Whaley-bridge moiety of traffic, 6,5301. depre-
ciation and insurance of Holyhead steamboats,
2,3951. interest, &c., in respect of Haydon-square
depot, 6,958/. replacement of Trent Valley,
and Nuneaton viaducts, and 28,3331. for re-

newal of road, leaving 497,2261. To this sum
is added 23,1961., the balance from the last account,
making a disposable sum of 520,422/. Out of this
is deducted 447,274/. for dividend on the consoli-
dated stock at the rate of 21. 2s. 6d. per cent. for
the half-year, 32,7441. at the rate of 4 per cent. per
annum on the 121. 10s. shares (71. 10s. called up),
24,4181. on the Huddersfield and Leeds and Dews-
burg stock, and 6.750/. at the rate of 5 per cent. per
annum on the Coventry and Nuneaton stock, mak-
ing together 511,186/., and leaving 9,256/. for the
next account. It is proposed to make the dividend
warrants payable on the 27th inst.

NORTH LONDON.

The report of the directors of this company states
that there has been an increase in the traffic re-
ceipts during the past year half-year as compared
with the corresponding period of 1858 of 4,965/.
With the exception of three important heads of ex-
penditure—viz., locomotive charges, compensations,
and rates and taxes, the working expenses of the
railway have been maintained at nearly the same
amount as last year. The directors explain that
several of the 10 passenger engines purchased in
1855 have required during the past half-year exten-
sive repairs, and that in executing those repairs no
expense has been spared to maintain the company's
locomotive stock in the most efficient working
order. They also considered it expedient at an ad-
ditional expense to substitute steel for iron tyres.
With regard to compensations, a Arious accident
occurred on the railway during a dense fog in De-
cember last, and the claims arising from this dis-
aster, owing to the very disadvantageous position in
which railway companies stand in such cases, have
far exceeded the estimates which had been -formed.
The directors stated that they have taken the ut-
post pains to provide every additional and im-
proved appliance calculated to secure the safety
of the trains, and to prevent the repetition of a
similar calamity. The expenditure under the
head of rates and taxes, includes, as heretofore., all
payments made by the company under protest in
those parishes where appeals have been entered
against increased and exorbitant assessments.
If the company is successful in those appeals, a
portion of the payments will be recovered. The
directors have been enabled to complete an arrange.
ment with the Northumberland and Durham Coal
Company, whereby that company has surrendered
the agreement under which they have hertofore
worked the coal traffic on the North London line.
Under the arrangement entered into the company
have purchased all the locomotives, waggons. and
plant used by the coal company in carrying on their
traffic, the value of which has been settled at
43,0001. The result of the half-year's proceeding's
is that the net balance of 25.549/. remains available
for distribution ; and this sum is sufficient to pay a
dividend at the rate of 5 per cent. per annum, leav-
ing 1,1741. to be carried 'forward to the current
half-year's account. The capital account shows
that 1,352,166/. had been received and 1,358,820/.
expended, leaving a balance of 6,654/. due to re-
venue. The revenue account showed that 73,728/.
had been received, and 41,630/. expended, includ-
ing 5,5821. toll to Blackwall, 3,6021. taxation, and
1,605/. dock and wharf dues, leaving a balance of
32,954/. against 31,300/. at the corresponding period
of 1858. .

BLYTH AND TYNE.

The directors of this company state in their re-
port that the gross revenue for the half-year
amounted to 40,6161, out of which were deducted
working and other expenses, leaving a balance'of
12,4711. out of woich the directors proposed to pay
a dividend at the rate of 10 per cent. per annum
on the original preference shares, 9 per cent. per
annum upon the ordinary and extension shares,
and 5 per cent. per annum upon the A and B pre-
ference shares, leaving a balance of 1,2571. to be
carried to the reserve fund. The directors had,
subject to the approval of the shareholders, entered
into an agreement for traffic arrangem nts with
the Warsbeck Valley Railway Company, the
North British Railway Company, the Boller Coun-
ties Railway Company, the Port Carlisle Dock and
Railway Company, and the Silloth Bay Railway
and Dock Company. A call of 31. a share upon
the extension shares, when paid, would make these
shares fully paid up. This additional capital
would be applied to the construction cf the Tyne-
mouth branch, and although it might prove un-
profitable, yet, under the circumstances, the direc-
tors felt themselves bound to make it.