The Sun.
London, England, 1859-08-04 00:00:00

GREAT LUXEMBOURG.

The report of the directors of this company states
that the total gross receipts on the line from Brus-
sels to Namur amounted for the year 1858 to
£56,431, and the working expenses to 23.217, leav-
ing a net balance of £33,213. On comparing those
results with the preceding year an augmentation
of £8,293 in the gross receipts, and of £7,563 in
the net revenue, is shown. The working expenses
having been reduced from 46.71 per cent. to 41.14
per cent. of the gross receipts, it states that there
is every reason to believe that the revenue of this
part of the railway will continue to increase, and
that its local resources are only partially developed.
The opening up of the resources of traffic in the
country traversed by the railway from Namur to
Arlon, and the international traffic which will par-
tially arise after the,connection is formed between
this railway and those of France and Germany,
must tend to increase the traffic of the line from
Namur to Arlon was opened for traffic throughout
to Arlon on the Bth of November last, and the gross
amount of receipts to the end of 1858 were £15,238,
exceeding the working expenditure of £264 only,
and a demand has been accordingly made upon the
Belgian Government for payment of the sum due
to the company in terms of the convention of 1852,
by which the company is guaranteed a minimum
annual revenue of £32,000. The line having been
only opened during a portion of the year 1858, the
'minimum net revenue for that year should be
£11,133 ; of this sum the proportion to be paid by.
the Government amounts to £10,869. The Go-
vernment contend that the expenses of working
the line ought to be calculated so as to show a
larger ilet profit than has really been obtained. The
matter is still under discussion, and in the mean-
time the sum of 14,000 only has been placed to the
credit of revenue, pending the negotiations with the
Government for the settlement of this account.
The extensive line from Arlon to the frontiers of
Luxembourg will be ready for traffic in the
course of the month. Thus an uninterrupted
communication will be secured to the city of
Luxembourg and to the Strasburg Railway by
Thionville. The report states that the late war
and the state of continental politics have exercised
an unfavourable influence upon the traffic of this
as well as of
every other railway in the country.
As the receipts from the traffic increase the pro-
portion of the working expenses will diminish to a
very satisfactory amount. The rolling stock, as
well as the permanent way, have been maintained
in good working condition-. The
for enet revenue from
the small part of the canal opentrafficamourknts
to £B5B. Since the close of the year 1858
the works
.of the canal, for a distance of 16 miles, have been
ompleted. The directors propose to declare, at the
meeting to be held at Brussels on the 18th inst , a
dividend of is per share. The directors state that
the sum which will be received from the issue of the
r ainder of the obligations will be fully sufficient
foe. tAtie completion of the extension lines to the
Luxembourg and French frontiers, as well as for
all additional station works, rolling stock, &c., uo
that no further capital will be required.,;
()The
genera.)genera.)balanee•sheet shows a total of 2 3 , 34,
of which 11,800,945 consists of share capital and
X 735,3045 received on account of obligations, mak-
-sull' together £2,536,350. The general revenue
account for the year 1858 shows, after paying pre-
ference charges, a balance of £5,171, including a
41a.n.ce of £2,158 brought into the accaunt from