The Sun.
London, England, 1861-03-18 00:00:00

RAILWAY INTELLIGENCE.

The railway proceedings last week have been un-
important. At a meeting of the Caledonian the pro-
posed dividend at the rate of 51 per cent. per an-
num was agreed to. The maintenance of way during
the past six months has cost £14,000 more than in
the corresponding period of the previous year, owing
to the increased renewal of road. A sum of £27,000
has also been laid out on new plant. The Amal-
gamation Bill now before Parliament, if carried,
will, it was stated, save the three companies
£30,000 or £40,000 a year in their working ex-
penses. The Caledonian and Dumbartonshire
Junction have declared a dividend at the rate of
5 per cent. per annum. The receipts in the past
six months have been £8,594, and the expenditure
£3,250, showing a respective augmentation of
£969 and £270. At the Llynui Valley meeting it
was stated that the traffic during the half year
presents a falling off. The balance of revenue was
£3,313, of which £3,155 would be required for the
ordinary 5 per cent. preference dividend. A bonus
of 2 per cent. to the ordinary shareholders, how-
ever, was declared out of the reserve. The appeal
against the award of the arbitrators in the Brogden
suit has terminated adversely to the company, in-
volving a loss of about £lO,OOO. The distribution
of the Llanidloes and Newton was at the rate of
5 per cent. per annum. The completion of the
Oswestry and Newtown line so as to admit
of the carriage of goods and minerals is
stated to have proved highly advantageous to the
company. At a meeting of the Edinburgh and
Glasgow a dividend was ordered at the recom-
mended rate of 41-, per cent. per annum. The
revenue in the last six months has augmented by
£7,924, of which £1,919 was from passengers, £5,414
from goods, and £591 from parcels. In the capital
account £12,223 has been expended in providing
202 mineral waggons and one break-van necessi-
tated by the increase in the traffic. The report of
the West Hartlepool states that the receipts in
1860 amounted to £220,344, which, added to the
£3,796 brought from the preceding account, made
a total of £224,140 against £200,022 at the close of
1859. The available balance was £41,855, out of
which a 5 per cent. dividend has been declared.
The progress of the traffic has been very satisfac-
tory. The Portpatrick line has been opened from
Castle Douglas to Stranraer. The shareholders of
the Calcutta and South-Eastern have authorised
the raising of £50,000 in debentures. A further
section of the Madras Railway has been completed,
making a total of 207 miles now open from Madras
to Salem. At the monthly meeting of the Railway
Companies'.Association the committee reported that
it is expedient to abandon for the present the
attempt to frame by means of this association a
measure for the amendment of the law under which
railways are rated.

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