5 JANUARY 1867, Page 8

Two Indian railways, and those two the greatest, the East

Indian and the Great Indian Peninsula, have declared dividends for the half-year in excess of the guarantee. The excess is only one-half per cents, but even that is something, for it represents another half paid tds the Indian Government in consideration of back dividends. If peace can be maintained in India, which is always questionable, the " triangular " railways will yet pay dividends such as English shareholders have never enjoyed. They are the arteries of a continent, and have not cost 20,000/. a mile.