RAILWAY ARRANGEMENTS.
In the report of the London and North-Western Company, the joint stock capital account shows the total amount of share capital to be 25,521,881/. The net proceeds of revenue-account are 529,950!.; the balance a the preceding half-year 48,5111., making a disposable emu of 578,462/. The profits of the half-year exceed those of the corresponding period by 58,405/. The dividend proposed is at the rate of 5 per cent per annum, and leaves a balance of 14,0761. The report of the North London Railway Company states that the trafficreceipts for the half-year ending 30th of June were nearly 11 per cent above those of the corresponding six months of last year. The net balance available for dividend is 20,610/. At the meeting on Tuesday., a dividend was declared of 21. 58. per cent for the half-year. The East Lancashire Company are in a position to declare re dividend on the ordinary stock at the rate of 4 per cent per annum. The earnings amount to 13,625/. over those of the same period, last year. The. gross receipts have amounted to 158,673/. ; the working expenses, 73,4107.
The dividend to be recommended at the half-yearly meeting of the Great Western Company will be at the rate of 24 per cent per annum, and leave a balance exceeding 6000/. to be carried forward.
The Midland Company will propose a dividend at the rate of 4-per cent per annum for the half-year, leaving 3000/.
At the half-yearly meeting of the London and South-Western Company, on Thursday, the report was adopted. The dividend declared was at the rate of 54 per cent per annum. The Directors were authorized to dispose of the unissued share capital on certain conditions rateably among the shareholders, and to convert the debenture debt into a debenture stock bearing interest at not exceeding 4 per cent per annum.
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