The Sun.
London, England, 1861-04-04 00:00:00

I? lILWAY INTELLIGENCE.

GREAT WESTERN OF CANADA,
The directors of this company state in their report
for the past half year that the total expenditure on
capital account to the 31st of January last was
£4,976,049. The revenue account for the half-year
ending the 31st of January showed that the receipts
from all sources amounted to £252,824. Deducting
working and other expenses (£i21,407), including
rent of suspension-bridge, there remained a balance
of £131,417. From this was deducted £17,498 for
interest on Government loan, £36,078 interest on
the company's bonds, and £25,699 for renewal of
rails, sleepers, bridges, &c., leaving a balance of
£52,142. Out of this sum the directors recommend
the payment of a dividend at the rate of 3 per cent.
per annum, which will absorb £49,949, and leave
£2,193, which, added to £13,598, the surplus from
the preceding half-year, would make a balance of
£15,791. The average dividend paid by the com-
pany during the last seven years has been at the
rate of 41 per cent. per annum. The increase in the
receipts for the past half-year amounted to £45,321
over those of the corresponding period of the pre-
ceding year, and the increase in the expenses to
£5,236, showing a net increase of £40,085. Better
rates have been obtained during the last half-year
for the conveyance of goods. The earth oil lately dis-
covered is found in abundance in the district between
the main line and Sarnia branch, and considerable
quantities have already been conveyed by this com-
pany. The total sum due to the Great Western by
the Grand Trunk Company, under the agreement be-
tween tha two companies,is £8,906 The Grand Trunk
Company have refused to pay this sum, and have de-
clined to adhere to the terms of the agreement. Mr.
Reid, the company's engineer, now estimates that the
total cost of the renewals for the next five years
will average £60,00) per annum. During the last
half-year the cost of renewals has been at the rate
of nearly £52,000 a year, so that the future charge
at the reduced estimate will not much exceed its
present rate. The traffic receipts of this company
from business to and from the Detroit and Mil-
waukie Railway amounted during the last half-year
to 115,223 dols (£23,045). The gross traffic on the
Detroit and Milwaukie line for the past half-year
amounted to 414,038 dols., being an increase of
82,419 dois, over the corresponding period of the
preceding year.

PERNAMBUCO.
The directors of this company, in their report for
the half-year state that the receipts for the half-year
ending the 31st of January last amounted to
£10,608, and for the corresponding half of the pre-
ceaing year, to £8,547, showing an increase of
£2,061. The total traffic receipts from the 31st of
January, 1858, to the 31st of January, 1861,
amounted to £49,300.

GREAT NORTH OF SCOTLAND.
The half-yearly meeting of this company was
held at Aberdeen on Monday. Sir J. D. H. El-
phinstone, M.P., the chairman, presided.
The CHAIRMAN said the revenue of the line had
been maintained during the last year in the face of
very discouraging circumstances. The past two
harvests had been very unfortunate in the north.
The result was that there had been a decrease, as
compared with the corresponding periods of former
years, in the agricultural produce carried over the
line to the extent of 10,000 quarters; while the
cattle traffic had fallen short 7,392 head, a dif-
ference which might be calculated, taking the ani-
mals at £2O each, to affect the northern farmers'
pockets to the extent of £140,000. He thought,
however, they were justified in believing there
would be an improvement in the present year.
The rolling stock of the company was in admir-
able condition. The working expenses were the
lowest of any line in the kingdom--33 per cent.
This fact, combined with the general increase
of traffic over the line and careful manage-
ment, enabled the directors to declare a dividend at
the rate of 61 per cent, per annum, in place of 6
per cent. par annum last year, carrying over £1,336,
being marly another 1 per cent.
Resolutions adopting the report, and declaring
dividends at the rate of 61 per cent. per annum on
original and preference stocks, and 4 per cent. on
new stock, were then passed unanimously.

TOURNAY TO JURBISE AND LANDEN TO
HASSELT.

The annual meeting of this company took place
in Brussels on the 25th ult. ; Mr. R. W. Kennard,
M.P., in the chair.

The report stated that the gradual development
of the resources of the line and the increase of its
receipts had gone on during the 12 months of 1860,
as in former years; that the total produce of the
year 1860 had been £31,800, or £1,949 in excess of
1859; and the total dividend for the year £1 3s.
31d. against £1 ls. 111 d. last year. The line was
paying above 51 per cent. per annum. The divi-
dend for the half-year ending April 30, 1860,
having already been distributed (10s. 101 d. per
share), there remained a balance for the last six
months of the year of 12s. 41d. per share, which it
was proposed to make payable on and after the Ist
April.

The report and balance-sheet for the two half-
years of 1860 having been adopted unanimously,,
two retiring directors (Messrs. Baylay and 11.1olez)
were re-elected, and the proceedings terminated
with a vote of thanks to the Board for thei, success-
ful management of the company's affairs.