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REPORT OF DIRECTORS.

GENERAL STATEMENT OF RECEIPTS…

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GENERAL STATEMENT OF RECEIPTS AND PAYMENTS TO 30TH JUNE, 1S4S. RECEIPTS. £ s. d. 2 S. d. Deposit Account. 140,000 0 0 Second Instalment of C2 10s. per Share 137,015 0 0 Third ditto of 95 per Share 267,195 0 0 Fourth ditto of E5 per Share 230,875 0 0 Fifth ditto oft3 per. Share 118,183 0 0 Sixth ditto of £ 5 per Share 141,113 0 0 — 1,034,381 0 0 On Account of future Calls 83,608 19 0 Registration Fees 4 294 ii 6 1,118,234 16 ■ PAYMENTS. Expensesin obtaining the Act of Incor- poratiun. 54,471 12 t Works 402,324 7 3 Permanent Way.. ;14fi,561 19 1 Land and Compensation 179,351 18 5 Vendors'Costs and Expenses 4,933 18 6 Engineering and Surveying Expenses 74,011 7 5 Parliamentary and Law Expenses 37,264 12 5 Land Valuers'Expenses 6,00119 10 Printing, Stationery, and Advertising. 2,695 3 5 Office Expenses, Salaries, Direction, Postages, &c., &c 11,916 7 1 Miscellaneous Expenses, including Rent, Rates, Taxes, &c.. 895 0 3 Interest Account (deducting Interest received). 25,270 6 5 935,698 12 2 Subscriptions to Irish and Welsh Railways. 61,306 0 0 Gloster and Dean Forest Railway Co. on account of the purchase of the Main Line from Grange-court to liagloc 10,000 0 0 1,007,004 12 2 Balance ;CIII,279 9 4 (Signed) BONAMY DOBREE, ) ARCHYD. PAULL, j Auuuor-.

CARDIFF,

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MILFOIII).

NEWPORT.

SOUTH WALES RAILWAY.

HANOVER.

CLYDACH.

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THE REY. THOS, PRICE, AND…

THE NORMAL COLLEGE FOR WALES.