COMMERCIAL.

Evening Star, Issue 4621, 20 December 1877, Page 2

COMMERCIAL.

The amount of revenue received at the CuatomiVltoSb* o** 0 ** f ° r oolunan P tion day

WALTON PARK COAL COMPANY.

at Watson s Hotel this afternoon • Mr John Cargill (chairman of the directors) in the chair. The report showed a profit of L 1.666, of which LLOI4 will be absorbed in the declaration of a dividend of two shillings per share on the paid-up capital, equal to 20 per cent. The arrangements made by the directors, by which they hope te reduce the working expenses and ensure even better returns for the future, are:—(l) The sinking °* a B k*ft c ose to the platform of the railway, and thereby concentrating all the work at one point, which will do away with the present long and expensive haulage from the pit's mouth to la mUway, and also reader more easy the haulage within the pit. (2nd.) The purchase of a sufficient number ef coal trucks, for conveyance of their own ooai, so soon as the railway authorities are in a potion to give sufficient inducement by making a redaction in the i ailway rate to parties using their own tracks. The cist of a track is about LIOO. a « * ea ?s twenty are required for the effective working of the Walton Park colliery. The output last year was 15,274 tons. It is estimated that a saving of Is Sd per ton will be effected, which, on last year's work, would show an extra .i* 954 * To provide for these undertakings 5.000 of the unallotted shares ore to be offered to the present shareholders at par. The moved the adoption -of the report, which was seconded by Mr Boot and carried —Mr Watson, in supporting the adoption of the report, called attention to the quality of the Walton Park coal as being superior to any other ooal in the Green Island distnct —Messrs John Cargill and J. W. Watson were elected directors; and Mr Wm. Brown was reelected auditor.

RAilways

Tlio traffic returns of the Otago and Canterbury railways for the month ending November 17. are as follows: Passengers and Parcels. Goods and Stock. IW7. 1876. 1877. 1876. _„£ £ £ £ Dunedin ... 8.575 8,298 ... 9.709 8.902 Invercargill 1,897 1,063 ... 1.641 2.588 Christchurch 10,602 8,172 ... 9)966 g)172 The apparent excess in 1876 is duo to the fact that return tickets and all Saturday tickets were counted nW’t ' J v he disproportion between the Christchurch and Dunedin sections is farmer getting credit for the receipts by “ North 0t *K°- The lines u the moath fielded L 7.874 against t ? ie month of W6s the South lines L 31.489 against LS9.B4S for November, 1876.