25 MARCH 1865, Page 3

The report of the Directors of the Scinde Railway Company

shows that the total receipts in 1864 were 94,543/., against 100,462/. in 1863, and 62,836/. in 1862. The decrease in the receipts last year as compared with 1863 is attributed to the uncertain state of mercantile affairs, and to the indisposition on the part of merchants to enter into large transactions in produce or goods. The number of voyages made by the steamers of the Indus Steam Flotilla was 77, against 42 in 1863, and 28 in 1862. The Punjaub Railway is now completed, the last rail having been laid on the 19th of December, 1864. The Delhi Railway, from Umritzur to Delhi, is 'making steady progress towards com- pletion.