The Sun.
London, England, 1859-09-20 00:00:00

RAILWAY INTELLIGE

SOUTH WALES RAILWAY.
submitted to-morrow :—" The directors are 110::
The following is the report of the directors to be
able to report that the arbitration as to the al o
ances to be made to the Great - has at
Company for the supply of rolling stock ,
length been brought to a close, and that the award
of Captain Galton, the Umpire appointed barges
Board of Trade, has been received. The cbr
for locomotive power and stock in the accounts tes..
'Western Railway
the past half-year have been prepared as far as p.
a_
it has
Bible in accordance with this award ; but as it la 5
only been received within the last few days
not yet been possible to adjust the accounts,Nl,lhll:3
the Great Western Railway Company, ex.°. d
ith the
as an estimate. The adjustment tobe made Nv charge of £49,262 ls. must therefore be considered
Great Western Railway Company will also apply_ea;-
to the accounts for the three previous half-Y
The allowances for locomotive power charge by
for
the larger part of the rolling stock '
these Captain Galton has awarded—for
engines a sum of about 34d. per mile less, and
or
goods engines about Id. per mile less than the c
responding rates fixed by Sir W. Cubitt. It lel'
to
be impossible within the compass of a repcf„ be
state all the provisions of the award, but 'thativiu "
the
satisfactory to the shareholders to know
traffic will be worked at a less cost than under NJ
passe..ng,oerr
W. Cubitt's award. The directors think it due
.t.°_
Captain Galton to express their obligation to.hel7,
for the time and attention which, at much sacrifla
he has devoted to a most difficult subject. The c
counts for the last half-year show a total revenuebi
from all sources of £460,062 7s. Bd. as comPef
with £184,235 19s. 7d. during the correspondis
period of the previous year. For the reasons alrearadY.
stated it is impossible to institute a general co
parison between the expenses of the last half-Ye r
and those of the corresponding period of 1858. for
will, however, be seen that the expenditure
maintenance amounted to £15,846 1 ls. 9a., as cow _
pared with £14,271 13s. Bd., during the half-Year,
ending June 1858. Under the head of it gen
andera
charges" there is a saving of about £1,04 ot
in other respects the charges for the 2_
halt-year present but little alteration when ceL'-`_.
pared with those of the corresponding lialq=
The proprietors are aware that a charge has
made against revenue during the last four n
years, on account of the expenditure Whic the
been incurred in the renewal of a portion of
line to the west of Swansea. A sum of eh c)lt
14.,
£15,000 still remains to the debit of this a ccoubur.
and it was the intention of your directors to 000
tinue to charge the revenue with a sum of £o,Luv_e
;n the December half-year, and £3,000 in the
half-year, until this balance bad been absorbed.
___°
directors of the Great Western Railway Compaau2,
have, however, objected to this course, and la To
declined to allow the charge to be made here.lt
usual manner. Under these circumstances,
fore, your directors can only recommend rut If
consider that a sum of not less than £3,000 out ,_u_
the balance of the half-year's revenue should .07
set aside to meet this charge, and that a sum
the
£48,840 3s. 4d. only should be considered _
available for dividend. This sum will admit of
e;
payment of a dividend after the rate of £2 bs.
cent. per annum, leaving £2,079 7s. 1 ld., hl a •ed
tion to the £3,000 before referred to, to be care' 0
forward to the next half-year. The debentuvr
bonds falling due in the course of the half-year have
been renewed at a diminished rate of interest.
.1,1'07
rate at present payable on the debenture deb'
the company is lower than that at which it
stood at any former period. There has been ex-
pended on account of capital during the balm
ab
yea;
£52,511 ss. lid. In the last session of Parliat c'u
the Pembroke and Tenby Railway Company i"..
tained an act authorising the construction of a
way from Tenby to Pembroke dock. T which
he bill of 97:
Carmarthen and Cardigan Railway Company,bi,che
was alluded to in the last half-yearly report 0; Of
directors, has been withdrawn, and the Vale of
Neath Railway Bill, which was also referred to
that report, has, with some modification, becef
law. The extension of the branch line of this c°lo
pany at Swansea to the new decks at that Perlibe
intended to be opened simultaneously with,,ea
docks on the 23d instant. The railway has ""iir
constructed by the trustees of Swansea garb°
_IP,
and a negotiation has been entered into betvi."...
your directors and the trustees with a view to
arrangement for the use and working of the 0ta..,0
sion railway by this company. The directors gins
notice in the advertisement convening the ineti.nl
of their intention to bring under the considera.t!.`",
of the shareholders on this occasion, the advisability
of affording encouragement and assistance for VI:
now.
establishment of steam communication in cone
with Milford Haven. Those who have noth;a,th-
tempted it can hardly appreciate the difficulty N'r'4";
is experienced in the endeavour to induce steanishll:
owners to risk a large capital in the establishinenh:
of communication with a new port. After
In°.
negotiation, the Joint Traffic Committee,. who 11
the management of the traffic of the railway, hr''lt
entered into arrangements for the establishmen
of a service which i now being perform be;
tween Milford Havens and Cork. An arrangien3ead
• of a similar kind between Milford Haven 'an
' Waterford has been in operation, as the proprietors
n
• are aware, for a period of three years, and it isot,
therefore, without some experience to guide thenlo
that the directors have entered into this agree-
ment for this new service. The Joint Traffic Ccan-
mittee propose also to make an arrangement Wit,4
the Anglo Luso Brazilian Royal Mail SteamshlP
Company for the establishment of a monthly ser-
vice between Milford Haven, Lisbon, and the
Brazils, by means of large and powerful ocean
steamers. It is intended to make arrangements for
through booking in connexion with these steamers
between London, Liverpool, Manchester, Binning'
ham, and the great manufacturing towns in the
kingdom, but without any guarantee as to traffic.
In order, however, to assist the company on its
first starting, the Joint Traffic Committee propose,
if required by the company, to make an advance
out of the funds at their disposal by way of tempo-
rary loan. This advance would only be made upon
security for its repayment being given to the satis-
faction of the directors, it would bear interest, and
would be repayable at stated periods. The estab-
lishment of these vessels at Milford Haven is re-
garded by the directors as of the utmost import-
ance to the
a interests of the anion Wales RailwaY
oCpoimn
ipoan t
Copan y,
be
ef oaptteinedt ihsastutehbeya
safvrelloyf
arrangements.tet
et tlasthe l3.
half-
yearly t o justify
proprietors the
will proposed
recollect
b
yearly meeting, Mr. J. Orrell Lever, M.P., Was
elected a director of the company. It is well
known that Mr. Lever is largely connected with
the great shipping interests, and the directors were
led
to consider whether in securing his services as
a director, they eould not also avail themselves of
his influence and active co-operation in the establish-
ment of steam communication at Milford Haven, in
such a manner as to lead to the increase of the traffic,
and a permanent improvement of the property
of the company. Having regard to the per-
sonal exertions which will be necessary to secure
this end, the directors have agreed to the following'
resolutions :—‘ That, provided the traffic of this
railway shall have-so far increased as to admit of
the payment of a dividend upon the ordinary
capital,
at the rate of 6 per cent. per annum on or before
the expiration of • three years from the next half-
yearly meeting, the directors hereby agree to re-
commend to the proprietors to set apart a sum of
£20,000 out of the receipts from traffic ; one moiety
of such sum to be paid to Mr. Lever, and the other.
moiety to such persons as shall, in the opinion a
the directors and Mr. Lever, have been instru-
mental in the improvement of the dividend so
realised.' The duty of carrying out this arrange-
ment will devolve upon the joint traffic committee,
but the board of directors have thought it right
that the proprietors should be informed of it."

WRECK OF A PRTJSSIAN BRIG OFF SOUTHWOLD.--
Sou'rxwoLD, Sept. 18.—Information was received last
night at le o'clock from the officer of the Misner Haven
and asking for the assistance of tho
coast-guard station, that a large Prussian brig was on shore
near their watch-room,
Southwold lifeboat, which belongs to the Royal National
Life-boat Institution, to save tho lives of the crew. A vo-
lanteer crew was immediately assembled, who succeeded in
getting the lifeboat off through a heavy surf at 10.30 p:rn•
The wind bad by this time considerably abated, having
been blowing- a gale of wind from the north-east the whole
day, and had then veered round to the north by we
The wind, however, increased again before they reached
the vessel, and they found the surf and sea very hey
where the vessel was lying,
over her. The lifeboat behaved nobly, being for a consider-
able time completely and making a complete breac
buried in the sea, and after some time
and great difficulty (having missed the vessel from the dark-
ness of the night in the first attempt) succeeded in boar
ing her and saving the crew, nine in number, and the cap-
tam's wife, who was quite exhausted.,
They were all safelY
landed at Nisner Haven at one o'clock in the morning:
The character of the sea may be judged of when it is state°
that the sea which struck the boat in landing knocked tha
second coxswain, who had charge of the lifeboat, ovev
board. He fortunately kept firm hold of the tiller, 1.4,°_
succeeded in again getting on board. The vessel provee,let;
be the Lucinde, of Memel, H. Robert Botchcher, rags',
from Memel to Rochester, with sleepers. The crow con
from
'fisted of ten, but one man was unfortunately drowr.boat
attempting to get on shore by a line before the 11"
arrived. vSO".
ACCIDENTS THROUGH PRINTING MACHINES'
Yesterday afternoon a frightful accident occurred at
Messr..
..Meonolra:
Smiths, printers, Long-acre, to a boy named Frank
The unfortunate boy was engaged "laying on" tn
into the the machinery. He was promptly rescued chine, when his arm caught inthe cylinder
andand_was drawn
sary shortly after his admission to amputf!te h
character,
veyed to Charing-cross Hospital, when it wastfoeutliannegecesci
aria. Another accident of a somewhat similar
his
also occurred to a boy named Thomas , . ,3,l""'r_
also being drawn into a machine at a printer s