The Sun.
London, England, 1859-03-21 00:00:00

RAILWAY INTELLIGENCE.

The railway proceedings of the week have not

been of great importance. At a meeting of the
Caledonian the dividend declared was at the pro-
posed rate of 4 per cent. per annum. There has
been a decrease in the net traffic of the past six
months compared with the corresponding period of
the previous year of £8,921, arising from a falling
off of between .£16,000 and £17,000 in the goods
and passengers, minerals allowing a considerable
increase. The expenditure on capital account has
been £33,799, of which £27,460 was for sidings,
additional station accommodation, &c., £3,339 for
plant, and £3,000 for calls on the Biggar and
Broughton shares. The directors have failed to
effect an arrangement with regard to the competing
Hawick schemes. The shareholders of the South-
Western have confirmed the agreements for work-
ing the Wimbledon and Epsom and Portsmouth
lines. A proposal to purchase the Epsom and
Leatherhead, either for £50,000 in cash, or a 4 per
cent. preference stock, or £40,000 in a 5 per cent.
preference stock, has also been approved. At a
meeting of the Londonderry and Enniskillen divi-
dends were. declared on the preferential capital
only. There has been a small increase in the re-
ceipts of the past half-year, and a slightsViminution
in the expenditure. In the current' half-year the
augmentation in the revenue was said to have
amounted to £6O a week. The substitution of coal
for coke in working the engines has been attended
with satisfactory results, The report of the Scottish
North-Eastern states the net revenue for the half-
year ending in January at £50,683, of which the
Aberdeen portion amounts to £35,478, and the Scot-
tish Midland to £15,205. The proposed lease of the
Dundee and Arbroath has been abandoned. A dis-
tribution is recommended at the rate of 4 per cent. per
annum on the Scottish Midland stock, with dividends
on the preference capital only of the Aberdeen. At
a meeting of the East Anglian it was announced
that the receipts during the past half-year were
£25,017 against £25,906 in 1857, the decrease being
caused by the depression in the grain trade and by
the mildness of the winter reducing the consump-
tion of coal. An increase has taken place in the
traffic of the present year. The usual dividends
were declared on the A and B preference stocks,
and at the rate of 6 per cent. per annum on the C.
The Newcastle and Carlisle have made a distribution
of 3 per cent. for the half-year ending in December,
making a total for the year of 5-Z-. A diminution of
£13,933 took place in the gross receipts of 1858
from the depression of trade and the substitution of
coal for coke in working locomotives. The expendi-
ture on capital account has been £2ll only, for land
purchased several years back. The projected amal-
gamation with the North-Eastern was carried on a
division. At the final meeting of the Chester and
Holyhead it was announced that the balance of re-
cepts was £29,560, and that the dividends and ar-
rears amounted to £30,778, leaving a deficiency of
£1,218, to be supplied by the London and North- '
Western, in which the undertaking is now merged.
The directors of the Lancaster and Preston Junc-
tion propoSe to divide £2 1 ls. ld. per sharp out of
the net revenue of £36,227. The North Yorkshire
and Cleveland have declared a dividend at the rate
of 24 per cent.