D.—No. 7

INCOME AND EXPENDITURE.

SYNOPSIS or SAILING DATES.

Departures from the Cove of Cork the 1st of each month, alternating with the Eastward Australia Mail Line of the 16th, arriving at Navy Bay on the 15th day; to return with the homeward mails when shipped, and reaching Cork on the 1st of the ensuing month. Arrivals at Melbourne and Sydney, 15th March ; 13th May, July, October, and December ; and 1.2th of other months ; so that letters may be always answered by succeeding mails, reducing the course of post from five months, as at present, to 3-V months.

* The Vancouver and Australian homeward mails meet at Panama, and two steuniera with more steam-power than those suitable for the Pacific, will suffice in the Atlantic, working alternately with one lay-by.

17

PANAMA MAIL SERVICE.

PB0CEED3. CHAKOES. Mail contracts, freight, &c, as per detailed estimates . £400,000 Contingent for working expenditure Wages and rations Passengers' provisions . Coals General disbursements Repairs, depreciation, and insurance 20 per cent, on £900,000 Interest on £350,000, at 5 per cent ..... Redemption Fund, 6 per cent, on £350,000 .... Management, depots, guarantee, and pension funds, &e. . Guaranteed dividend, 5 per cent, on £750,000, called up . Contingencies .... For general dividend, 10 per cent. £55,500 40,000 80,000 200,000 50,000 180,000 17,500 21.000 40,300 37,500 100,000 75,000 Passengers 196,800 £896,800 £896,800

Liners Leave Sydney and Melbourne. "Wellington, j I'.'inanm. Vanci niver'a Island. Panama. Wellington. Sydney and Melbourne Arrival. Arrival. leturn. A. 1st Liner 15 Jan. 20 Jan. 12 Feb. 26 Feb. E. 1 Mar. 15 Mar* 7 April 12 April I!. 2nd Liner 15 Feb. 20 Feb. 15 Mm* Ac. 29 Mar. A. 1 April 15 April 8 May 13 May 4c. 4c. 4c. &c.