The Sun.
London, England, 1861-08-12 00:00:00

MIS DAY'S SKIPPING.

LoNnox, Aug. 12.—Wind this day at noon, South-
Westerly ; moderato breeze, and fine weather.
PILL, Aug. 11.—Wind N.W.—Sailed—Constance, for
Africa ; Chamborazo, for St. John's, N.B. ; Kelvin, for
Quebec.
DEAL, Aug. 11.—Wind S.W.—Arrived—Villa Franca,
from St. John's, N.B. ; Black Eagle, from the River, and
sailed for. Auckland.

PORTSMOUTH, Aug. 11.—Wind S.W. to S.—Arrived—
Alliance, from London for Rio Janeiro, with crew re-
fractory. •

FALMOUTH, Aug. 11.—Wind S.—Arrived—Thracian,
from Matanzas.

QUEENSTOWN, Aug. 12.—Wind S.W.—Arrived—
Arabia, steamer, from New York.

YARMOUTH, Aug 11.—Wind S.W.—Arrived—St.
Bartholomew, from Carishaven, leaky, and proceeded for
London.

POOLE, Aug. 10,—Wind W.—Sailed—Gattcraig, for
Quebec.

SOUTHAMPTON, Monday Morning.
Arrived—La Poule, from Cherbourg ; Pride of the South,
from Newcastle ; Argyll, steamer, from Carentan.
Sailed—Harbinger, for Newcastle; Mute, for Cork.

(BY SIIBMARINE AND MAGNETIC TELEGRARII.)
GRAVESEND, Monday Morning.
Arrived, Aug. 11—Johanna, from Christiansen Swart-
zick ; Thrust and Atlas, from Archangel; Malvina, from
Rotterdam.

Arrived, Aug. 12.—St. Bartholomew, from • Carlsham ;
Thorn, from Archangel ; Isabella, from Now York.
Sailed, Aug. 12.—Ranger, for St. Petersburg.
DEAL, Monday Morning.
Passed—Victor from Zante, for London ; Glengariff,
for Miramichi ; Oberon, for Cardiff—both from London.

THE WEATHER.

'ECTED TILL TO-MORROW OR
NEXT DAY.
Northerly, changeable; squally.
. Westerly, fresh ; fine.
. South-westerly, fresh, settled fine.
. North-westerly to north-east, cloudy.

•
,OLOGICAL REPORTS.

;TEO:

RAILWAY INTELLIGENCE.

LONDON AND SOUTH WESTERN.

The report of the directors has been published :
—The half-yearly accounts to the 30th June, 1861,
show the net revenue for the six months, after de-
ducting interest on loans, and all other preferential
charges, to:be £142,970 15s. 5d.• add surplus at Dec.
.31,1860, .£1,791 'l7s. Od.; balance available for
dividend, £144,762 13s. 2d. From the above sum
the directors recommend that a dividend be declared
at the rate of £4 per cent. per annum, payable on
• the 29th day.of August, amounting; on £7,200,256
of paid-up capital to £144,005 2s. 4d.; leav-
ing to be carried 'over to next half-year
£757 10s. 10d. The increase in the gross
revenue for the half-year, over the correspond-
ing period in 1860, is £51,142 earned over 501
additional miles opened since that time.
The grbss receipts exceed those of the former year
by the sum of £51,142. The amount on the 501
additional tniles open is below the average receipt
per mile on the number of miles open in 1860. This
causes the working expenses to be out of proportion
to the increased receipts; added to which the coin-
pany are at this time paying interest and preferen-
tial
charges on an increased capital of upwards of
£649,000 above that of the corresponding period.
The traffic has been affected by exceptional circum-
stances during the last half-year. For a portion of
the time, on account of the severity of the weather,
the Exeter line was partly closed. The state of
the trade of the country has also tended to re-
duce the receipts on this, as well as on other
railways. The traffic, however, is now steadily
on the increase. The locomotive superinten-
dent's report shows that 313,024 more miles have
been run than during the corresponding period
last year. The rate per mile, however, will, the
directors say, compare favourably with any railway
of similar extent and working. Although no new
engines have been constructed out of revenue dur-
ing the last half year, 32 have been entirely new
tubed, the expense of which amounts nearly to the
cost of constructing three new engines. The
maintenance of the permanent way has been an
expensive charge during the past winter, owing to
an extremely wet season and the long continuance
of the severe frost. The road, however, has been
maintained in good working order. £lO,OOO is
again charged to revenue on account of the renewal
of permanent way, leaving at the debit of that
account £57,782 4s. 4d. The Topsham branch and
the extension to Exmouth were opened in May last.
The latter is worked by this company for the
Exmouth company, in conformity with previous
arrangements. The traffic has, since the opening,
been of a satisfactory character. Considerable
progress has been made towards the completion of
the junction between the Northernhay and St.
David's stations at Exeter, and in connexion with
it the Bristol and Exeter Company are proceeding
with the necessary re-arrangement of their St.
David's station. Yeovil station, constructed at the
joint expense of the Bristol and Exeter Company
and this company, was opened for traffic on the Ist
day of July last. The purchase of the undertaking
of the Chard Railway Company, as authorised by
the special general meeting of the proprietors, in
May last, has been completed, and the works
will be proceeded with in due course. The
House of Commons have rejected bills, by which
it was proposed to authorise a new railway be-
tween Sherborne and, Yeovil, closely :parallel to
the Salisbury and Yeovil Railway, and for two
new railways into Southampton, viz., from Peters-
field by Bishop's Waltham, on the east; and from the
Andover and Redbridge Railway, by Shirley, on the
west. The directors advise liberal arrangements
with the Andover and Redbridge Railway, if, in-
stead of seeking, in a manner thrice condemned by
Parliament, to set up and develop undertakings in
hostility to this company, they would meet the
board in a spirit of conciliation and with a view to'
the completion and working of their railway in har-
mony with this company's system. It is obviously too
late for the South-Western Company to contend fur-
ther that the Andover and Redbridge line ought not
to have received the sanction of parliament, or ought
not now to be constructed mainly as authorised, and
it would be equally unwise for its proprietors to con-
tinue their contention in favour of extensions in
hostility to this company. Parliament has decided
both these points, and both companies would do well
frankly to accept its decisions, and to make arrange-
ments in the spirit of them. The proprietors have
already authorised the purchase by this company
of the Epson and Leatherhead Railway. The
purchase has been accordingly effected ; and in the
session of 1860 an act was passed authorising its
completion. The provisions of that act are such as
to require that the matter should be again submit-
ted to the proprietors for their formal sanction; and
a resolution will be proposed accordingly. By the
Epsom and Leatherhead purchase act, and by the
acts severally authorising the construction of the
Exeter Junction Railway—the laying down of the
narrow gauge on the Exeter and Crediton Railway
—and the construction of the Yeovil Joint Station,
the company has been enabled to create further
amounts of share capital for those respective pur-
poses, amounting to £100,000; and it is proposed
to take the authority of the meeting for the exer-
cise of the powers thus conferred. The directors
have on a former occasion reported to the proprie-
tors that they had agreed to work the Dorset Cen-
tral Railway (Wimborne to Blandford). The ex-
tended instrument with reference to this arrange-
ment will be submited for the formal. adoption of
the meeting. In consequence of the large increase
of goods traffic, and the impossibility of carrying it
on at Nine Elms together with the locomotive esta-
blishment, it is found to be absolutely requisite that
new buildings should be constructed for the loco-
motive department. The plans are now under con-
sideration, and the directors are assured that the
saving in labour And deterioration will be fully
commensurate with the iiierest on the outlay. The
scheme for superannuation alluded to at last half-
yearly meeting is not yet in a state to be laid be-
fore the shareholders. The scheme, however, is
before the directors, who will be prepared to bring
the subject before the shareholders at the next
meeting.