The stations opened during 1867 were:—Uba on May 5, Parahyba do Sul on August 11, Entre Rios on October 13.
BAHIA RAILWAY.
The shareholders of this railway continue to suffer the consequences produced by the excess of expenses over receipts. Last year's balance showed an increase of 12:867$764 in receipts, and of 24:383$445 in expenses, giving a deficit of 218:630$092, more by 11:515$681 than the preceding year's.
This result is no doubt disheartening, but meantime I await the report of the commission I authorised the President of the province to appoint, whose investigations must have revealed the latent causes of this state of things, in order to take such measures as may be recommended for the purpose of placing the enterprise on the footing reclaimed by its and the public treasury's interests.
The construction of the feeding roads judged necessary for the improvement of the traffic could not be carried on rapidly owing to the financial condition of the province.
The register of cattle established at Alagoinhas is estimated to give the railway a further traffic of 24,000 bullocks and to augment the receipts by 40:000$.
In my opinion, however, the only measure which can save the capital employed in the railway is its prolongation, but unfortunately those causes subsist which counselled me to postpone surveys for the prolonging of this and the other railways, with the exception of the Dom Pedro II. line, whose existing conditions are different.
The debt of the Province of Bahia to the National Treasury for advances on account of the Two per Cent Guarantee was estimated at 1,516:862$220 up to the first half of last year, and at present must be more than 2,000:000$.