Papurau Newydd Cymru

Chwiliwch 15 miliwn o erthyglau papurau newydd Cymru

Cuddio Rhestr Erthyglau

13 erthygl ar y dudalen hon

BARRY RAILWAY COMPANY.

Newyddion
Dyfynnu
Rhannu

BARRY RAILWAY COMPANY. THE HALF-YEAR'S ACCOUNTS. The report and statement of accounts issued by the directors of the Barry Railway Company for the half-year ending 30th June last will be in the hands of the shareholders to-day (Friday)'. The half-yearly meeting is announced for a week hence. The directors state :— The expenditure on capital account during- the half-year amounted to C1357211. The works tinder the various contractors have made satis- factory progress during the half-year, and the commercial graving dock is now approaching completion. The works under the deep lock contract are now being actively carried on; the trenches have to a great extent been excavated to their full depth, and the masonry of the walls has been commenced. The ordinary stock shares created under the Com- pany's Act of 1890 have all been issued, and at the meeting of the shareholders held on July 1st. under powers conferred by that Act. a sum of £ 80,000 of 3.1 per cent. debenture stock was created, for which tenders have been invited and accepted. The revenue receipts for the half year amounted to £ 161.119, and exceed by £ 4,198 those of the corresponding period of last year. The sum available for distribution, after carrying to the reserve a sum of £ 5,000. and providing for the interest on the preference stock is ,1.:45.760; and the directors recommend a dividend of 10 per cen t. per annum be declared on the ordinary stock and stock and the shares, leaving a balance of £1,00 to be carried forward to the credit of the current half-year. Among the details of capital expenditure are several important items. One is the amount awarded to the executors of the late Mr. T. A. Walker. the contractor, which figured as £ 54.690 law charges in connection with the company, £528: add it ional coal docks and balance frames cost £ 3.500. Upon the doubling of the passenger line between Uarrv and Barry Dock .t: 1.3 has been expended and the new sidings on marine banks have y.ist £ 2.544. A sum oi £ 22,151! has been expended or. the commercial graving dock, and £ 7,344 towards the cost of the deep sea lock, Eig-ht locomotive engines, also, have cost £ 15,522, s" that it will be seen that the capital expenditure for the past half-year has been excen- tional. Turning to the revenue account, one of the first items requiring attention is the percentage of working expenses, which stands at 44-24, as com- 7 pared with 46*35 in the corresponding half-year of 1891. In the maintenance of way and works there has been an increase in outlay, although the in- creas d percentage is little more than 50 per cent. Locomotive power has cost only 3 per cent., as against 8.94 twelve months ago. The traffiic ex- penses have been 5.46. as compared with 5.65: the shipping expenses have been only 10.20, as against 11.33 the dock working expenses are lower, as well as the law charges and Parliamentary costs. The Tates and taxes are about the same. The total expenditure for the half-year has been £71.230, as compared with £ 39,425 in the corre- sponding period of 189 L. The balance carried to net revenue account for the half-year under consideration is £ 33,833. as compared with £87,496 last vear. On the receipt side of the account we observe that the passenger traffic shows a iailing off. The -earnings under dlis head in the half-year just con- cluded total 17,803. as compared with £ 8,158 in the first half of 1891. Both the first and second .class passengers show an increase, but there has been a large decrease in the number of third-class passengers. The coal and coke carried produce an income of f 33,338, as against £ 51.702. There was a falling off in general merchandise and several smaller items, so that the total earnings under this heading reached not more than £ 68.390. as against £ 68.068 in the first six months of 1891. The shipping receipts are muah more favourable £ 25,07t), comparing- with £ 23,502 and in the dock receipts we have £ 57,4(16, as ag-ainst J: 5 5.15 8. The total receipts is, as stated in the director's report. £11;1.119. as against £ 150.921 in the cor- responding period. The general reserve fund now stands at £ 15,000. and there is special reserve for renewals of the sum of £ 11,500. The gross mileage of the half- year was 594,381, as against 573,710. There is an estimate of further expenditure on capital account to the amount of £ 102,590. of which £ 55,000 will be on the deep sea-dock and £ 15,000 on the com- mercial graving dock. Tilt re are capital powers and other assets valued at £ 250.000.

LLANDYFODWG SCHOOL BOARD.

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