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REPORT OP THE DIRECTORS OP THE ittfalc mii Sake lurorr Jailtoai, FOR THB HALF-YEAR ENDING JULY 31st, 1863, WITH STATEMENTS OF ACCOUNTS, &c., &c. LONDON: PRINTED BY E. COUCIIMAN & CO., 10, TIIROGMOltTON SIREET. I son. LIST OF DIRECTORS, 31st JULY 18G3. IPmiltcttt. PHILIP RAWSON, Esq., Liverpool. CHARLES LANGTON, Esq., Liverpool. CHARLES HOLLAND, Esq., Liverpool. MAXWELL IIYSLOP, Esq., Liverpool. ALEXANDER MAC EAVEN, Esq., Glasgow. Catwlrian Uoartr. ALLEN CLEGHORN, Esq., Briintford, C. AV. A. DIGBY, Esq., M. D., Brantford, 0. W. WILLIAM MAC LEAN, Esq., Brantford, C. W. iBtnuai traffic iHanaget ABRAHAM FELL. Scmtattcfl. THOJIAS SHORT, 80, Louibafd Street, London. WILLIAM MAC LEAN, Brantford, C. W. BUFFALO AND LAKE HURON RAILWAY. R E P E T Foil THE HALF-YEAR ENDING 31sr JULY, 18G3. The Accounts for the half-year ending 31st July, 1863, herewith submitted, show a continued progress in the business of the road, and a naaterial improvement in the prospects of the Company. The gross earnings, although for the usually less profitable portion of the year, exceed by £ 2,820 those of any previous six months, and notwithstanding a considerable outlay for renewals, the net revenue is also the highest yet attained. The following figures show the result ■ ^ compared with the corresponding period of 1862 ; — 1863. 1862. Gross Earnings ... £ 52,841 Ordinary Expenses 33,714 £19,127 Renewal of Rails . 3,356 £47,084 £5,757 increase. 36,176 2,462 decrease. 10,908 8,219 increase. 3,311 45 Net Revenue .... £ 15,771 £7,597 £8,174 increase. 6 A seiious deduction from Revenue, must however be made, in the shape of loss arising from the present exceptional position of the American currency, amounting in the half-year to £ 3,489, as compared with £ 328 ; further deduction also of an exceptional character must be made for hire of cars, amounting to £ 886 2s. 6d. The interest charges for the half-yeai', including temporary loans, amount to £ 15,882 and the net revenue, after deducting loss on exchange, to 12,282 Leaving a deficiency of £ 3,000 Those coupons only which fell due before the Meeting in May last, amounting to £ 5,213, have been paid, in confor- mity with the arrangement emanating from the Bondholders then present. The ordinary working expenses amount to 63^ per cent., as compared with 76 per cent, in 1802, and there can be little doubt that as the earnings of the road increase, the proportion of working expenses will further materially diminish. Considerable reductions have been effected in the Loco- motive and Car departments, while the condition of the Rolling Stock has been kept up and improved. In maintenance of way, a greatly increased amount of labour and material has been expended, without further cost to the Company than the amount paid under the recent contract, as will be seen on reference to the Engineer's Report herewith. Capital and Finance. The ready assent of the Bondholders to the proposition made at the last General Meeting, and the adhesion to it in the large amount of coupons sent in for capitalization, justified the Directors in applying to the Provincial Parliament for a bill to legalize the arrangement. On its afterwards appear- ing, howevei*, that a considerable minority of Bondholders dissented from the measure, the Bill was ordered to be with- drawn. Orders had meantime already been given for the construction of 150 new cars (100 freight and 50 cattle), which were urgently required in order to develop the traffic. The cost of these cars is estimated at £ 20,000 ; the amount already expended and charged to capital is £3,615 12s. Id. Tiie other items to the debit of this account, are £ 3,020 Is. ] Id., for payments on account of Goderich Harbor Pier Works, Dredging, and Right of Way, including Engineering Charges. Loss on Revenue for Half- Year ending 31st Jan- uary, 1863, after providing for Interest on Bonds £ 3,141 12 5. and preliminary expenses connected with proposed extensions, £1,210 8s. 7d. It is now proposed to raise the requisite capital for the works recommended in the Supplementary Report of the last half-year, on security of the large unencumbered property of the Company, in sucb a manner as will afford a first- class security to investors, without being an excessive charge on the Company. The Board will submit their views at an early moment on the best means of effecting the above object. In order to secure the control of an efficient steamer for the development of the Saginaw traffic, an advance of £2,475 14?. Cd. has been made on security of the Steamer "Canadian." This advance is repayable in instalments over three years, during which time the vessel must remain in the service between Saginaw and Goderich. The results so far of the trade thus opened, are very satisfoetory, and there is every reason to believe that this district will prove an important feeder of the road. n.*. 8 Relations with other Companies. The Hamilton and Port Dover Railway was finally made over to the Buffalo and Lake Huron Company in June last, subject to the condition that it shall be completed and opened for traffic within two years; and arrangements have been made for the provisional purchase of Bonds and other oiit- standing' claims, including right of way on moderate terms. The estimate of £ 80,000 for the completion of this highly important access to Lake Ontario, including purchase of Bonds, claims of right of way, wharves, elevators, and thirty acres of water frontage in the city of Hamilton, will not be exceeded. This valuable property will be thus acquired at a very low cost, while the advantage to the Company will, in comparison, be highly important. Temporary arrangements have been made, and more per- manent relations are in negotiation, with the Grand Trunk Railway Company by which the Buffalo and Lake Huron road, between Buffalo and Stratford, will form part of an integral through route from Buffalo to Detroit, via Sarnia. The importance of a development of through traffic cannot be over-estimated, and the results already obtained this summer from necessarily imperfect arrangements, fully demonstrate the capabilities of the route. The through passenger receipts for the first eight weeks of the current half-year amount to ^ 14,046 as compared with ^ 2,029 — an average increase of over ^1,500 per week, and as the trains by this route keep the same time and connections as those of the Great Western Railway, it may be confidently reckoned that a full share of the travel, hitherto monopolised by that road, will in future be obtained by the Buffalo and Detriot line. For goods traffic, the new route will have a decided advantage over the Great Western in the circumstance of its having one terminus at Buffalo, and your Directors anticipate a satisfactory business in the coming winter. One of the most important arrange- 9 merits in contemplation is the laying of a third rail between Buffalo and Sarnia, so as to carry the American gauge across Canada, — thus making an unbroken comm^inieation between New York and the Mississippi, and rendering available for the IJuflalo and Detroit line, the rolling stock of the great connecting narrow gauge lines on both sides. The proportion of costs to the Buffalo and Lake Huron Company will be trifling in comparison with the immense advantages to be derived from this proposition. The carrying ont of the Bridge project being necessarily contingent upon the financial arrangements which are still in abeyance, no further progress has been made in this important matter. Direction and Executive. The Board have to announce that the engagement with Mr. Carter has been terminated by mutual consent, and that he has ceased to be General ^Manager of the Company's affairs and a Director of the Canadian Board. Mr. Fell has in con- sequence been appointed General Traffic Manager; this and other arrangements made for the conduct of the Company's business, will, the Director- believe, prove economical and beneficial. The instructions given to the Canadian Executive vest the control of the Company's affairs in the English Board, main- taining however the supervision of their Canadian Colleagues, whose services to the Company up to this time the Directors have pleasure in acknowledging. It will be necessary to elect the Directors of the Com- pany at the forthcoming meeting, in conformity with the statute. They are INIessrs. Cleghorn, Digby, and Maclean, in Canada, and Messrs. Rawsou, Langton, Holland, Hyslop, and MeEwen, in England. It is again suggested that the Bondholders should be represented at the English Board, and a seat is placed at their disi»osal accordingly. Pending other M 10 arrangements the Board have elected Mr. Maclean, the Secretary of the Canadian ]5oard, a Director, and have transferred to him the necessary qualification, lately held by Mr. Carter. The shareholders are asked to confirm this temporary arrangement, which was needful to give legal elTect to the proceedings of the Board in Canada. The Board have deemed it desirable to apply for powers to transfer the legal status of the Company to this country, and they believe that this will meet with the approval of the proprietors. Particulars relating to the accounts and departments of the Company are annexed. Conclusion. In conclusion, the Directors are happy to state that an excellent harvest has been secured in Western Canada, and that there is eveiy prospect of the local traffic of the Railways fully recovering from the depression caused by a previously bad agricultural season. Signed on behalf of the Board of Directors in England. PHILIP RAWSON, President. 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OD to »}l Tfi !■• 00 o rH -■' i i- en o eo ■* o» >n Cl eo cs 05 30 o eo o in r-H r—t r-H rH >-) XI ■M » W CO -o 3 CO rH CO CO t^ r- Cl .-( to mrH •o -r o * O to •* O tc iw :rs C-. n t^ 1-H eo s If? eo rH C rt CO 10 to to" tc in eo" rH ■*■■ .=:!" rH d CO 1 TJ 1-- !< t^ n m CS lo es ,_ rH i-H 1 rH fH ^ r-< o» eo to o> •^ •o 10 Cl . — 1 p- O CO rH 1^ r-H ^ cj -r to o ("/; «? CO ».T o m CO TH TO 1^ -tl* ■* C( ■^i. eo rH '. ■O rH in « Tl •*-t* M =♦1 cT 1-" rH 1 i^' in Tjf eo' rf Tf S IS OS l-t <=. O Cl 0^ W C*J O rH Cl «n Ol CI t3 lO Ci to CJ ri O I- ■<»< w OS Cl 0) I" CO I-.. i~- m ?[ ^ii S ^?, S S o LO w d^ If? C5 i^ 1(3 rr eo" Cl rH in" gf 0) V. 1 .s 1 1 S W r e << J. u 1 c to 1 s •ft c ^ . ■B 1 o S V i II ■5 ^f 1 . a ■A 3 e2 ! ! » <^ ^ » w ■mni'nnv' 12 Per ceutage of total Expenses on gross receipts, including exceptional charges. Jan., 1860. July. 1860. Jan., 1861. July. 1861. Jan., 1862. July. 1862. Jan., 1863. July, 1863. 83 95 75 84 75 85 71 78 The following table will further show the Comparative results for the same period, in an abstract form. 1860. 1861. 3l8t Jan., 1860. 31st July, I860. Slst Jan., 1861. 31st July, 18C1. Revenue KxDeuaea £ 8. d. 35,835 19 9 29,755 2 £ s. d. 28,286 7 8 26,989 11 9 £ 8. d. 36,596 12 9 27,296 5 11 £ 8. d. 36,216 9 7 30,571 9 10 6,080 17 9 1,296 15 11 9,300 6 10 5,644 19 9 Average'^ mileT week Average Weekly TraflRc Clear aver .weekly profit 8 11 2 1,378 6 1 233 17 7 15 2 1,087 18 9 49 17 8 14 10 1,407 11 3 357 14 1 8 13 1,392 19 2 217 2 3 Per ceutage of Expenses 83 95 75 8t 1862. 1863. Slst Jan., 1862. 31st July, 1862. Slst Jan., 1863. Slst July, 1803. Revenue Expenses £ 8. d. ' £ ». d. 50,021 47,084 2 10 37,775 2 3 35,989 5 11 £ 8. d, 47,359 11 11 30,321 13 2 £ 8. d. 52,341 7 7 33.495 9 12,245 17 9 11,094 10 11 ! 10,537 18 9 19,345 18 7 Average 'l!' mile 'f week Average Weekly Trnrtie Clear avcr.weekly prolit 12 (1 1,923 17 8 471 11 5 ' 11 6 3 1,310 18 7 1,821 10 5 426 14 6 i 036 1 6 12 12 2,032 7 3 741 1 Ver ecntn;;!' of Kxpciiscs 75 65 (!3 13 Averagfe cost per mik' per annum of maintenance of way, — Jan., 1860. July, 1860. Jan., 1801 July, 1801 Jan., 1862. July, 1862, Jan., 1803.! July. 1863 £90 9 £93 £82 4 £92 £ 87 £ 126 0» £ 80 0* £126 11 6* General Balance Sheet. The Credit Balance at the Company's Bankers, as per General Balance Sheet, amounts to £ 15,181 Is. Id. as follows : England ' £ 2,394 11 1 Brantford, Bank of Montreal $ 23 . 510 Buffalo, Manufacturers and Trader's Bank 38,41 2t £ 12,787 10 The large amount of cash in Buffalo is mainly required to pay for supplies of material ordered there for the construc- tion of the new Cars. The balance of £ 15,496 Os. 5d. at the credit of the Stores and Wood accounts, consists of General Stores ^32,713.47 Engineering do 13,004.94 Cordwood 19,850.48 £15,496 5 The outstandings, amounting to £7,870 Os. lid., under the head of Sundry Floating Accounts with Stations and Agents consist, of Station outstandings ^28,524.40 Agencies 9,770.59 £ 7,870 11 • InoludeB renewal of Iron, t Subject to Discount at tlu' current rate of Exclunige, on such portion only ns is required to meet liabilities in Canada. u LOCOMOTIVK D Kl' AllT M ENT . The Locomotive Superintendent reports that, of the Com- pany's twenty-seven engines, six have been thoroughly re- paired. The condition of the Company's stock, therefore, stands thus — twenty in first chiss condition, four in good working order, one in working order, one under heavy repair, and one under light repair. The accounts for this department for the last half-year, as compared with the corresponding period of the previous year, show the following results. The traffic mileage was 10,4G7 miles less, but the tonnage hauled was 8,901 tons and 145 cars of stock more, and the tonnage has been hauled 1 2 per cent, greater distance. The total expense of this department was ^12,347.25 less, thus showing a large increase in the work performed, and a very large decrease in the working expenses. Locomotive and Car Expenses. 31st July, 31st Jan., 31st July, 31 St Jan., 3l8t July, 3l8t Jan., 31st July, 1860. 1861. 1861. 1862. 1862. 1863. 1863. Miles run 157.012 175,510 224,565 270,607 265,561 219,577 255.091 liOcomotivL' and Car expenses... §35,507.19 $33,114.42 sS 4 5,580. 58 §58,790. Oo'$62,173. 45 S 44,103 41 $46,956.21 Cost per mile run lOJd. lOid. lOid. lOH ILid. lOd. <.M. Attention is directed to abstracts D and E in connection with the above statement, where it will be found that the decrease of £ 2,537 2s. 8d. under the head of " Locomotive Expenses," as compared with the corresponding half-year arises chiefly in wages to enginemon, fuel, material and wages for repairs; and the decrease of £ 52 1 15s. 8d. under the head of "Transportation Expenses" forms part of the decrease of ^3,371.40 arising on "Car Expenses and Repairs," also as compared with the corresponding half-year. H Com- y re- efore, good cpair, ar, as year, },4G7 [ 145 2 per ment 1 the .'king Olst July, 1863. 255.091 $40,956.21 LM. ;ion the tive ^ear ges tlio aso ilso 15 The condition of the Company's cars is given as follows : — First Class Cars. — No. of cars in good July, 1862. July, 1863 mulling order . 4 12 Do. thoroughly overhauled 2 7 leaving two cars to be repaired, one of which is now nearly completed. In addition to the greater number repaired this half-year, the nature of those repairs has been totally different from former precedents. Old rubber springs with which the cars were furnished, have been replaced by steel springs of the best manufacture, causing a marked improvement in the riding of coaches. The frames have been strengthened with iron trusses, and the outside panelling is altered so as to prevent wet or damp to the frame, and the consequent liability to rot. Second Class Cars. — Two of these are in good running order leaving one laid up for repairs. Post Office and Baggage Cars. — Four baggage cars have been repaired this half-year and fitted with a compavtnicnt for carrying second class passengers. There are ten of these in good running order, as compared with seven at the corres- ponding period of last year. Freight Cars. — ^Thirty-six of these have been overhauled. The number of wheels renewed this half-jear is eighty-six. A change has been made in the car bearings, causing them to haul much easier than before. On account of the high jirice of cotton waste, wood packing has been introduced into the axle boxes, and has been found to answer. Cost of Maintenance of Curs.— Thove has been a much greater amount of repairs done this half-year, and u,i)Gl tons more freight moved over a greater number of miles, showing an increase of work done by the cars. There have also been fifty-seven more cars in commission to maintain; notwith- standing whicli, the total cost of repairing cars is $ 2,870 92, 16 or 22 per cent, less than the corresponding half of last year ; and the train mileage, with a much larger number of cars on each train, is ,Y^ of a cent. less. Construction of 150 Cars. — ^The difficulty of procuring a large quantity of timber at an unseasonable time of year has somewhat delayed the building of these cars ; however, every exertion is being made to complete this order satisfactorily by the time specified — January, 1864. Stores, The stock of Wood on hand at the beginning of the half- year was 6,525 cords, and there has been purchased during the i-year . 1 3,673^ # Making a total of 20,198^ The quantity delivered from Stock was 5,6244 Leaving a balance of 14,574 cords. The cost of wood per cord consumed this half-year is ^2.60, showing a decrease on last half-year of 10 cents per cord. There has been purchased during the half-year 13,6 73 i cords of wood, at an average rate of $l.dd\ per cord, the wood being of the best quality. Of this quantity 3,548^ cords were delivered at wood stations, and will not require further hauling. The value of the Stores and Stationery issued is shown below, in comparison with the corresponding period of last year, viz. : — General Stores issued this half-year $ 36,691 . 37 Ditto correspondinghalf of last year 42,187 21 Decrease $ 5, 495 . 84 17 Stationery issued this half-year Ditto corresponding half of last year Increase ^1,475.24 1,450.51 ^24.73 The value of Stock on hand shows as follows in comparison with the corresponding half of last year, viz. ; — Stock on hand at close of present half-year. 8 31,770 . 35 Ditto corresponding half of last year 32,095.82 Decrease ^325.47 The Petroleum Oil of the country is used for all purposes, and found to possess the advantages anticipated. Cotton rags are used instead of cotton waste, and benzole instead of turpentine, in both cases with a marked benefit. The Stock of Stores has been taken at the close of this half-year, and it is found to agree with the book accounts very satisfactorily. THOMAS SHORT, Secretary. 80, Lomhard Street, London, October 7th, 1863. B 18 BUFFALO AND LAKE HURON RAILWAY. Engineer Department, Brantford, C.W., 11th September, 1863. The General Manager, Brantford. Dear Sir, I have the honor to submit the following Report for the half-year ending 31st July, 1863 : — Works of Construction. Goderich Harbor. — The contract for the extension of the North Pier 400 feet into the Lake was completed in August. It is substantially built, and, with the previous extension, makes 500 feet in length of extension of the original pier, the whole being now 1,210 feet long. The water at the outer end is now 15 feet deep, and within 100 feet outside deepens into 17 feet of water. The South Pier, which requires an extension of about 600 feet in length, and entire reconstruction of over 300 feet, in all 900 feet, is now in hand, the work having been com- menced in July ; it consists of 580 feet in length of piling in double rows braced together, 170 feet of crib- work, and 150 feet of timber facing backed with stone and fdled up with gravel, adjoining the shore line. This work will be carried out by the Company without the intervention of a Contractor ; the material is all purchased, and a portion of the crib-work commenced. Dredging. — ^Tlie shallow caused by the formation of a bar at the entrance to the harbour previous to the opening of navigation this spring having been removed by a drag or rake I constructed for the purpose, and the channel since deepened by dredging, no obstruction to navigation has arisen 19 bai- ls of tr or bince 'isen this season ; this contract is well in progress, and the 25,000 yards agreed for will be taken out by the end of September, giving a depth in the entrance of 14 to 17 feet, and improving the area of deep water alongside the Freight Platforms, there being now sufficient length for three propellers to unload at the same time. Main Line. — The works done during the half-year were as follows : — Sheeting the tower of Goderich Elevator with iron plates j finishing the new freight shed at Buffalo ; signals and gates for the new Seaforth siding ; a tramway to the new car shop, Brantford ; an improvement to the garrison road crossing at Fort Erie, and three new farm crossings. Maintenance of Way and Buildings. — This work has been done throughout the half-year by the Company through the Engineer Department, and the most satisfactory progress has been made in improving the track and working plant of the Company. Large renewals of sleepers were urgently required to preserve the road-bed. For these works additional labor was required; and during the months of April, May, June, and July, an extra force of from thirty to forty men were employed to assist in putting in sleepers, re-laying rails, lifting track, and repairing bridges, as well as in re-building track- men's lorries, many of which were unfit for use. The material used for repairs consisted of 37,309 sleepers ; put into the track 75 kegs of spikes ; 1,128 cast iron chairs ; 89 iron fishplates; 483 fish plate ^olts ; 10,000 fence rails; 52,810 feet B M of fence lumber; 22,707 fcetB M of timber for bridges, in addition to iron work, spikes, and sundries. Renewals of Iron.—\,hn rails were repaired in the Com- pany's shops, the repairs consisting of 2,557 flanges and 5,73Gi lineal feet of surface of iron welded on, the whole amounting to 235jVo tons, and costing $ 12,7o per ton inclusive of bar- iron for welding on. 391 i tons of rails have been re-rolled at the Buffiilo Rolling Mills, and re-laid in the track ; these rails are mostly of 30 feet 20 lengths, fished at the joints with oak plates, 5 feet in length, and make a very smooth track. Timher arches and additional chord pieces have been framed for Smith's Creek bridge, and these will be put on the bridge in August and September. Material is on hand for the entire re-construction of Port Colborne swing bridge, and this work will be carried out during the winter, when navigation will be closed, and the bridge can be shored up. It will be advisable to make arrangements during the winter for material to construct a" trestle support under the Paris bridge next year, preparatory to the renewal, which will require an outlay of $ 10,000, to be spread over three years. It will also be necessary to provide for the purchase of not less than 60,000 sleepers for service in 1864 ; these should be arranged for and got on the road during the ensuing winter. In conclusion, I can state that a very great improvement has been eflfected in the condition of the entire road and works during the half-year by the expenditure of the large amounts of labor and material I have specified in detail above ; and I consider it a subject for congratulation that all this work has been efiected at a cost of only $ 302^%^^ in excess of the con- tract cost of maintenance for the corresponding half-year ending 31st July, 1862. Yours truly, T. N. MOLESWORTH. 21 BUFFALO AND LAKE HURON RAILWAY. Comparative Siafis/icul Tictuviis for the JLtlf -Years CiHlui^ ^\M Jill I/, 1SG3, and 18G2. I Particulars. ^?f>^^. ISO?. I'lricasc. Decrease. 1. The aiuouiit expended in Coiiatruption ?;!l,l)M.l'.) v'^ l,",2.'59.r0 .... $11,205.57 2, The niiioiint expended in Maintenance of \Viiy and Buildings (ineludinu . . ♦ 1 .7^^ for curry tii)C oiiK ton of bVr'ijilit OHO miU> IS. 'I'lti* Mvori«KO Aiiiotiiil of iloiiil wm^'M iuovihI for oiio ton of rrcijjtil rouvrvPtl , . . \l>. Tim No of l4\o Sto»'K t-oii- vrvml • llorh..« 5^U«>\> W. 'V\\v nvinii-jo ilml'tiu'o l.ivo StiK'k lm« lioi'ii i'ou\i>\i>il 81, ThP *vor«K«' lolt' I't'i' t'm loiiil ? 1 1 I'S S'.'. 'I'ld' iivrr«m' ">">> iivcivcil for cftrrvmn' oiip ("«r SliM'k Olio mile »i». IT,'!, iX TIm? Avornin^ umoiiiit of dtmd wrijsht iuo\oil for cm-h Cur Sioi-K coi I'vi'il i? I. Tlio nvi-rtim' nilr of Spi^-il of ra»»i'iij{tr 'rriuiiH 3J. Th<' ftvonljco rnt«> of Spcoil of MiK«««l 'IViiin* lil.(X) ItMl!) liifU'itw' l»iiirn«f. 5;l:illi« >l.tK)^ rtii.Ol,>;, tt«.(»'J,i'„ y.an $u>,i»a i:il IS.IH) <.>lil^a. roll*, iSiua. IVIII. lij.rtjil SS.lUft n.Udl MtU«, Mil... Mllo. iwut 8:i Irt l> h;» ti.m .•ti..;ij .01 'I'ttlH. lt^ l.S '••J r>m>. I'liua. N.K Nil. No. Nil. )(V4 IVi» tJ^' I'.'.tWS IIMUO a.di.'i .. . . iiUlNT A.lKtU n.diH . . . . 75 IIM .... Ill) rt.»7a Mm .i.i'fla .... Mllrl. MlUa. Mll.'i. MU.' !:*|'iH-il o; loiistniclioii 'I'tiuiis . ml.' 10. IM) 10 00 §8 l'.\uriiiiu,\i«N 8H Tim 'rrnm.' I(,,,i|il>, Kii>i (III Hiviaiiiii, aliiitttHK Iihi'mI mill 'l'liriiii||li iiit|iii iiMa. |ri«('.' liiitrMti' I III rnlfh imiJi 1.111'jil l''inriKii 9 I'U, 9 rla riii.«:>'7ll rr.MnUi,.. :tH,'.'0(i 111 i>\,isL».fi:i lav,. Hiork H7li.in ll.ltlO.tll .is I'Hjiti .(i(t(t,l() IH.r.l!Mt7 i,ivi. titoik 7l8.7n 2.'I.H(»:'.H,S IHtli!. IaichI. I'"<)rci){ii. f cIm. $ !•(». rns«ir« 10,lti.'7.r>H (iOO.II I'lriKhi. . !>ft,!»7.'i.7;; ii,5si».x';i l.ivi' .Stock f>!)(!.HI "ml" $ll(!,l'.W.l:.> KM HIM! I ^iw.sni.ii;! «iwirt7.7(i I2,ai(i.i:i HO. l,iiki< 'I'riitlic (o iiiid I'rom (loili'i'ii-litlarlior, iiicliuli'il ill Wi'slcrii DiviMiiiiiTmllli! M nbovf : — Toiiii. DdIi. I'll. l'onvnr.loa. 20,S:'ll ;i!».l!l2.rt(l Hm!il ?;!2A'r)7.r.'.> ?lo,lO',t.07 f/gUtOuatmammumm 24 Particulars. 1863. 1862. Increase. Decrease 31. The Traffic Receipts permile, perweek $61.43 $S4.72 $6.71 32. The Traffic Expenses per mile, per week $20.14 J20.83 .... ?69 33. The Traffic Receipts per Train mile $1.00J cts.86i?„ et9.14i 34. The Traffic Expenses per Train mile cts.335; cts.32g cts.^ 35. The amount of Claims paid by Traffic Department . . $ 1,680 .23 § 2,910 . 20 .... $ 1 ,230 . 03 36. The amount paid for Demur- rage on Foreign Cars . . . ?2,988.0O $4,629.51 .... $1,041 .51 37. The amount received for Demurrage on B. & L. H. Cars $5,148.42 $702.98 $4,445.44 38 The amount paid in Traffic, Salaries, and Wages .... $35,494.45 $30,733.00 $4,761.39 39. The amount paid in Wages for Working the Traffic . $30,745.88 $ 25,960.39 $4,779.49 40. The aggregate Working Kx- peuses in per Ceutage oil PctCent. Percent. ■" •• Per Cent. Gross Receipts 78, 85§ ... 073 41. Ditto. Less Renewals, Car Hire, and Loss ou Ex- change 63} 78 .... 12^ TIIOS. W. RUSSELL, Accountant. Accoiiiitaut'j Oflicc, Brantfor.l, C. W, Decrease $69 ? 1,230.03 11.641.51 Per Cent. 073 m luutant. Bt» STATEMENT OF CAPITAL ACCOUNT RECEIITS. To 31st Jan., 1863, J-year 31st July, 1863. Total. Sterling. Original Shares Preference Shares .... New Shares, April, '69 Issue S Ct. 2,993,000.00 730,000.00 2,993,000.00 408,060.99 64,240.00 S Ct, 6,894 '44 S Ct. 2,993,000.00 730,000.00 2,993,000.00 414,964.43 64,240.00 £ 8. d. 615,000 150,000 615,000 85,'J60 13 4 13,200 New Preference Shares Chattel Mortgage Bonds Less Chattel Mortgage Bonds paid off dur- ing half-year $7,188,309.99 $6,894.44 $35,040.00 $7,195,204.43 35,040.00 £1,478,460 13 4 7,200 $7,188,309.99 $28,1 45. SO $7, 100,164. 43 £1,471,206 13 4 To Balance brought down $90,842.47 i £18,666 5 ;i ABSTllACTS BEI^EIUIED TO IN CAPITAL ACCOUNT. A. DIUECTION, SALAniES, &c. Mr. Mc'Ewen'8 Expenses to Cuntida, lUiimi- nonitlon, &c Proportion of Directors rumunoiiiticni Ditto Olllce Exiiunsi's uiiil Sundries . s 1 1 tt. i',7in 73 4'JI :«) 810 14 $3,1)48 80 B. OODKRICH KXTENSION AND IIAIUIOUII S ft, Paid on Accotint of DredffinR 1,1147 U Do. do, llurlimir and ricr Works ll.vali: 1)0. do. IllKlit of Way 27i! w I'ruiiortlnn of Kiinlneerlnii t'liiu'ges, Stores and Sundries 1,24(1.111 *14,'' ACCOUNT ■ HALF-YEAR ENDING 31st JULY, 1S63. Sterling. £ 8. (1. 615,000 150,000 615,000 85,'2m 13 4 13,200 1,478,100 13 4 7,i200 1,471,200 13 4 £18,000 5 3 )VNT. N'U IIAUHOUU 1,114" -14 ler Works 11,V34 i: 27(i W L'», Stores 1,840.111 * 14,(1117 >'' )'j h 103 111 3 17 1 l.'i 11 3 4 6-2 d ' 8229,142.80 £47,084 10 853,994. 92; £11,094 10 11 853,994.92, £11,094 10 11 35,-307. 181 7,207 62,388.88 10,704 4 10 7 9 887,750.00 £18,0,32 1 4 8 257,101. 37i£52,S 11 7 To Balance brought down 8 94,150. 19 £ 19,31,") l7 894,150.19 £19,31.^ 1? To Bnliince brought down. Balance > 59,772. 55 £12,2SL' u To Balance broufylit down :.'),795.42. £5,300 8 Accountant's Office, Brnntford, C. W,, ith September, 1803. TIIOS. W. BUSSELL, Accountmif. N. B. The above amounts are reduced to Sterlinjy at the par of Exclmnge — 109J, and loss by depreciation of United States currency specially charg'ed. ABSTRACTS REFERRED TO IN REVENUE ACCOUNT. Half-yenr 1 ending 31 July, 180'.>. I Performed | by eontrncl I at n cost of 5^7,420.05 1,500 11 4U1.44 814.:,') 0(18.04 1,750.1)3 S3-',005.H2 MAIXTE.VANCK OF WAY AXD DUILinNQS, $ CI. "Wnpps to Iiispcctoi's, Trai-'kmon nnd I.uhoroi-i 10,(1.">4.'J4 Uu|iiiirsol''rni. Tit, |Sl,flHi),()0 Kent 1K1,75 Tram ll,,190.02 1,«4.0H i."J7 , 01) |l:i,lii7.(i.1 llu New Kri Cnrtii Drivi THE HALF*EA.R ENDING 31st JULY, 1863. (ttr. Stfiiliii'.'. ;iG,214 16 4UG 1 7UU 1;) 3U8 II Ij ■lU'J 1:; 1U3 111 I 3 1: 1 l:! 11 3 4 6-2 1,1 ' 37|£oL\,su ( l™ li) £ll),34r) 19 £ 19,345 18 • 55 £ 12,2b2 U ' 55 £1-.VJSJ : 42j £5,yuu 8 : ... .— - ant. ,LL, Accoun , ami loss .— zz-z^ S'T. IXl'ENSKS. 5 i> 01 •onii'ii Ufi'-' ■ITS •.M«i| 1 .»!' i '■'■'•■ ''•"1 or lli'piiirs. 7,;*j ?«ll,-«! AUOJiM. ? f .. liW"li tioiK'i'y . »>' 531 ' .« 111,""^ Mf-yr. ending 31 July, 1862. $ Ct 32,955.82 49,080.76 3S,&08..'55 17,540.31 2,916.20 077.05 7,600.00 13,107.05 3,430.. 55 42.3.33 4,333.01 402.50 2,096.00 748.69 826.04 7.5,147. as 13,994.92 5229,142.80 Stcrlint^. £6,771 14 11 10,085 1 9 7,974 6 5 3,004 3 5 599 4 8 139 6 1 1,602 14 9 2,693 7 1 704 18 2 80 19 890 9 4 82 14 1 430 13 11 153 16 11 169 14 8 £35,989 5 11 11,094 10 11 £47,084 2 I(i 911.62 10,117.2 1,598.85 518,627.74 3.'),3G7.18 $.1.3,904.92 73,150.00 2,925.42 8,443.. 50 3,237.14 187 3,311 15 5 328 10 3,827 12 4 7,267 4 £11,094 16 11 Expenses:— S Ct. Maintenance of Way, and Buildings, as per Ab.stract C 33,257 . 90 Locomotive Expense.s, as per Abstract D 36,733.31 Transportutiou Expenses, // E 36,259.31 General Charges, // E 19,207.44 Compensation Claims 1,680.23 Freight, Connnis.siona and Allowances 367 . 74 Working " Niagara" Ferry 7,912 . 10 fransportation of Passengers and Freight, ns per Abstract a 16,345.58 riirougli Passenger lixpenses, Agencies, &c., as per Abstract IL. 2,530 .39 Direction, being proportion of Remuneration to Canadian Hoard 531 .33 Proportion of Expenses of London Agency, as per Abstract 1 4,109. 51 Government Inspection Charges .... InsTirunce Fund S 1,210.67 Ditto proportion of Premium paid 794 . 07 — 2,010 . 74 Law Expenses 1,149.71 Tuxes 909.89 Balance 16.3,011.18 94,150.19 $257,101.37 General Manager's Commission ^iji. for Year ending 31 -^^ Timiinry, 1863 1,003.87 Expended on Ken. „,.. lU Iron 16,332.08 Discoinit on American money, &c 10,981 .69 Sterling. £6,833 10 5 7,547 19 1 7,450 10 9 3,946 14 8 345 5 75 11 3 1,625 15 G 3,358 13 7 621 3 7 109 3 6 844 8 5 413 3 3 236 4 10 186 19 2 £33,495 9 19,345 18 7 £52,841 7 7 218 12 1 3,.355 18 1 3,489 7 10 $34,377.64 Balance 59,772.55 £7,063 18 12,282 7 $94,1,50.19 £ 19,.345 18 7 15,030 16 5 601 2 1,7.34 19 4 065 3 4 £ 18,032 1 4 Interest paid on Mortgage Bonds 25,371 . 08 Paid for Hire of Cars 4,312.50 Interest on Chattel Bonds 2,702. 14 Ditto Loans 1,530.81 $33,'t77.13 Balance 25,795 . 42 $59,772.55 5,213 7 3 880 2 6 567 11 3 314 11 6,981 12 5,300 8 7 £ 12,282 7 lliilf-jcar liiilhiu a\ luly, lM(i'J. |§l,flH(t.(IO ISfj 75 1,424.08 W7.U0 |l:i,lii7.(n a. THANSl'OllTATION OV I'.VSSHXaEUS AND FDKKIIIT. ;, ,., Ilciit to Now York CVnlnil l!:iilr(i:iil Co.. 4,ii80(") Triinsftr of I'lL-iStiiiKorn htkI IliigRiiuc i" llulliilo 343.7.'i New York Cenlnil Kiiilroiid for liiiuliny; ^Vei^'llt 0,111(1.111). C'artii^e of I'reiKlit in HuII'iiIo 1,401 .;J1 Driving Live Stucli lii iluliulo A-ii\.M f! 10,34.-. i")8 H. HiUf-yeiir cmliiiKHl I July, 18(i'J. j AIIK.\<..'1J:.*, &('. 81,173 0(1 I IUHI'mIo A'.'ciK'y i!l.'() . U.'i , Aci'iils' idminisslon TllIlOUOH T'AS.«ti;XflBIl EXPENSES, 8 Ct. 'J75 00 545.01 1,8.'J0.44 i;asturii Apiiicy I Western Ai;,iiry aiU.dO TniM'lliML' .\i;cm'V 003.40 Ailvcrlisliig.l'iiiitinjr.iiiiilSt.itinnory, Ike. 701.43 202.75 377.80 433 50 Sl,4.30.55 5'2,fi30 30 lliilf-yciir Ollilin); 31 July, lS(i!?. Jll,()4i;.60 1,8311. no 4(15. mt 3fN.05 $4,333. 'il I. LOXOON EXI'BN.Si:f<. I'roportinn of Diii'clors' Rcmuueriitioii . Hularies, Ui'iil, (tc Ollico Expi'iisi's aiiJ TravfllliiK AJvortiHiriB, I'ririllnif luul Stationery . . . . r(N i-T CO O O O 05 lO ui a> cc (o n <^> « CO iTi t 00 ^ f^ « M 00 rH CJ O 51 CO --^ 00 CO 35 •* -2 ^ 0) Oi O CO o 2'^ SiJ M film rt b -T? S- OQ O a .S ^- o^ S' 3 Ji :3 'fi -3 "13 H k2! n 0; 2 C3 O ■•-; ^ CO c CI cd" CO CO 00 CO -a T. M fcD 3 a o '^ 2 o O 9) C5 CO "iJ" CO" «5 . -i c ,o ,5 03 r' 4) "^ « fi ." S --1 a S o 3 fc 5 "i 3 " > '^ H S2 u > o > f o SI >■ I— t 3 5* ?54 OO ss BUFFALO AND LAKE HURON RAILWAY. Comparative Statement of Locomotive and Car Expenses for the two corresponding Half-Years ending July ^\st, 1862, and 1863. July, 18C2. July, 1863. Total Traffic Miles run by Engines Jliles 265,561 . . Miles 255,094 Total Cost of Repairs of Locomotives $ 14,469.39 . . S 7,.350.47 Do. Running Expenses 34,201 .88 , . 29,016.74 Do. Maintenance of Turntables 103.99 .. 87.20 Do. Maintenance of Tanks, Pumps, &c.. 305.50 .. 278.90 Total Locomotive Expenses for the Half-year. . . $49,080.70 . , $ 36,733.31 Per Mile run, Repairs of Locomotives ets. 5 . 45 . . ots. 2.88 Do. Running Expenses 12.88 ,. 11.37 Do. Maintenance of Turntables 0.04 .. 0.03 Do. Maintenonce of Tanks, Pumps, &c. . 0.11 .. 0.11 Total Locomotive Expenses per mile run ets. 18.48 .. cts. 14.39 Per Mile run, Cost of Fuel ets. 5.48 . . ets. 5.00 Do. do. Oil and Tallow 0.29 .. 0.14 Do. do. Waste and SmaU Stores... 0.28 .. 0.17 Do. Wugps of Enginemen k Firemen . . 5.40.. 4.73 Do. do. CJtoners and Labourers. . . 0.84 .. 0.79 Do. do. Pumpers 0.59 .. 0.54 Total Rung. Expen. per Mile run (us sliown above) ets. 12.88 .. ets. 11.37 Total Cost ot Repairs of Cnrs S 13,092.69 . . $ 10,215.77 Repairs of Curs per Traffic Engine Mil(3 ets. 4 . 93 . . ets. 4 . 00 Average Distance run with one Coid of Wood. . .Miles .52. .30 . . iMiles 0J.28 Do. do. do. Pint of Oil 39«'^ •■ «2.05 Per centage of Shunting, Piloting, and I.iglit (o Traffic Train miletige ^^^ .42 . . 37 . 82 Total Loconiolivo and Car Expenses per jniiu run el.x. 23.41 . . '^'^•_^;^ C. (JILBERT, Mecluinieal Accountant. * 34 BUFFALO AND LAKE HURON RAILWAY. Statement showing the Stock of Engines and Cars, at the close of the Half-year ending July 31«<, 1863. Desoription. Number as per last Return. Added iu the Half- Year. Present Stock. Remarks. Locomotives 25 2 14 4 4 6 2 2 207 • • • • • • • • • • ■ • • • • • . • • • .... 25 2 14 4 4 6 2 2 207 109 13 74 Yard Engines First Class Cars One requires re- building. Ditto. Second Class Cars Post Office, Express, and ) Baggage Cars ) Baggage and Express Cars . . Auxiliary and Wood Con- ) duotors Cars J Freight Conductor's Cars . . Box Freight Cars Platform Cars 109 Cattle Cars 13 74 • ■ • > • • • • • • Ballast Cars 4 wheels Ditto 8 wheels Some of these iiave been broken up, and others in bad condition. Totals 462 462 C. GILBERT, Mechanical Acct. ae BUFFALO AND LAKE HURON RAILWAY f-i OMPANY, C^ANADA WEST. "M'OTICE is hereby given, that the HALF-YEARLY MEETING of the Shareholders in this Company is appointed to be held at the London Tavern, Bishops- yate Street, London, on Friday, October 30///, at One o'clock, for the purpose of submitting a Report and Statement of Accounts for the Half- Year ending 31st July last, and for other business. Bondholders are requested to attend. By order r»f the Board, THOMAS SHORT, Secretary. 80, Lombard Street, London, October 7 th,im'S. Prinleil by 15. Couchman & Co., 10, ThroRinorton Ptrcet, London.