The Sun.
London, England, 1857-04-25 00:00:00

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9

[ PRICE 4D. STAMPED 5 t.)

RAILWAY INTILLIGENCE.

EAST INDIAN.

The twenty-first report of the directors, to be
submitted to the annual general meeting on Tues-
day next, contains the following passage.
" The East India Company having agreed to raise the
rate of guaranteed interest from 4i to 5 per cent. on a
further stun of 1.500,000/ of the capital, the board have
been enabled to offer an allotment of new shares to the pro-
prietors, in the proportion of one sharefor every 1001. con-
solidated stock, or one share for every five shares of their
existing investments. This capital is issued on precisely the
same terms as foi suer issues, and when fully paid up can be
consolidated into stock. The directors regret that they
have not received information to so late a date as they
could,bave 'wished as to the state of the works on the di-
vi,ion of the line from Calcutta to the river Km umnassa.
By thelAst letters it appears that Mr. Turribull'had com-
pleted his tour of inspection, but his report has not
come forward ' • it may be expected by the next mail,
and will then be open for the information of the share-
holders.

[The line from Calcutta to Ranegtinge, ]214 miles,
was opened for traffic on 3d Feb., 1855. The line con•
structed by the company's engineers through the South
Beerbhoom district, about 45 miles, from the junction
near Burd wan to the river More, was at the last date in
a very forward state.]
'" Mr. Evans, acting chief engineer in the upper
provinces during the temporary absence of Mr. Purser,
having recently inspected the works • on • the line
from the river Kurumnassa to Delhi, furnishes
the board with the particulars of the progress
made to the 13th Feb. The works from the Kurum-
nesse to Mogulscrai, near Benares, about 50 miles,
are proceeding with the expedition necessary to insure
their being ready by the time the permanent way mate-
rials can he delivered to the contractors. From Benares
to Allahabad, oh ut 95 miles, the contractors have not
advanced the wen ke so steadily as was expected. From
Alla.habad to Cewupere, 126 miles, the wore s generale,
are progressing satisfactsriiy, and the rails are hid for
a distance of 23 miles. The Cawnpore district line, 26
miles, has been taken out of the contractor's bands, and
together with the Etawah, Agra, and ,Delhi district lines,
is now being carried on by the company's engineers.
The directors say, with reference to the works of the
line from Allahabad to Delhi, in their present state,
there seems to be no reason why, if it be found practic-
able to get the permanent way materials up, the whole
distance whould he opened by the end of 1858—and the
board will give directions that every exertion be used
to accomplish this object. During the year ending the
31st of December last 65,000 tons of these materials
were shipped at favourable rates' of freight, notwith-
standing the fact that, from one cause or other, there
was a general scarcity of shipping. ,The steadily increasing
traffic on the line from Calcutta to Renegunge, as exhi-
bited by the following facts, cannot fail to be highly gra-
tifying to the proprietors. The number of passengers
carried between the Ise July and 31st December, 1856,
was 465,121, showing an increase in this branch of the
traffic over, the half-year ending June, 1856, of 32,800
passengers, or "as compared with the corresponding half-
year iu 1855 of 107,486 passengers. The tonnage in
goods and minerals; exclusive of parcels, carriages, and
live stock, from Ist July,'lBs6, to 31st December, 1856,
was 44,695 tons, giving an increase of 11,685 tons over
the half-year ending, 30th June, 1856, or 24,675 tons
over the corresponding half-year of 1855. The traffic
receipts for the year ending 81st Dec., 1856, amounted
to 95,1831. 16s. 41., against 58,5871. 16se 10d. for the
year ending Dscernber, 1855; and in March last they
bad reached 3,5001. per week. The payments made to
the East India Company, being the balances of receipts
over expenditure on account of revenue, and in dimi-
nution of their advances for interest, will further
illustra'e the satisfactory progress of the working of the
opened lne. They have been as follows : For the half-
.year ending June 30, 1855; 10,6311. ls. 7d. ; ditto, De-
cember 31, 1855, 20,6211 lls. 2d. ; ditto, June 30,
1856, 27,791/. 3s. 3d. ; ditto, December 31, 1856, ac-
counts no; received. The board are mesh disappointed
at not being able to publish the revenue accounts to the
31st December. They are informed that the accounts
will arrive by the text mail, and, in that case, may be
in the hands of the board in time to be communicated to
the shareholders at the meeting. If not, they will be
open to their icspection at any time afterwards. The
board have giv,n such directions as they trust will pre-
vent a recurrence of any delay in transmitting the ac-
counts necessary to submit to the shareholders. The
working expenses for the half-year ending June 30, 1856,
have been brought down to 40.56 per cent. of the re-
ceipts ; and the manner in which the locomotive and
traffic departments have been conducted reflects the
highest credit on the officers of those establishments.
The details of the proposed contract with the East India
Company for the Mirzapore and Jubbulpore line_ are not
yet comphred. -At the suggestion of the Government of
India the couApany's engineers are taking 'borings of the
River Sirtitj, with a view to determine the most eligible
point for crossing that river; this will be the mast
pertain work ou the line from Delhi to Lahore. As an
agent to succeed Sir 111. Stephenson at Calcutta, the
board have appointed Mr. Edward Paimer, late of the
Great Western and Great Northern Rail way Companies,
who ;eaves this country for India by the mail of the 4th
May. The agency in the meantime has been conducted
by Messrs. Stokes and Boyle ; the former the locomotive

superintendent in Bengal ; the latter the accountant of
the company in India. The consolidation of the shares
into stock under the resolutlon of the general meeting of
30th Oct. 1 tSt Was carried out under the immediate and
personal direction of the board, and the examination into
the share and transfer department has only tended to as-
sure the beard of the accuracy with which the business has
been con ructed. The followin4 directors retire :—Mr.

James Braum•.nf, Mr. J. D. De Vitro, Mr. Alexander
Nairne, off, r themselves for re-election. Mr. C. Far-
Tillarson, andi,or, retiree, and offers himself for re-ehc•
tion. Mr. F. W. Simms, who has been acting as auditor
for the la-t ten months, offers himself for election.

TRA.FFIC RETURNS FOR THE WEEK.