The Jamaica Railway Company is entitled to be spoken of with respect, for it stands in the unique position of having “its capital closed, no money has been borrowed, and the railway is entirely free from debt.” The capital upon which dividend is payable is £150,000; but, owing to the discount at which nearly half the share capital was issued, the actual money received was only £96,675. The railway was opened for traffic in 1850. Its length is sixteen miles. It runs from Kingston to Spanish Town, the seat of the Colonial Government, and thence to the Angels. At Kingston the company possesses a wharf suitable for receiving the largest vessels alongside it. The dividends have never exceeded £1. 10s. per cent. per annum; they are usually not more than half that amount. Notwithstanding that the Secretary of State for the Colonies has sanctioned a guarantee of 6 per cent. on £300,000 by the Colonial Government for the construction of a railway through the isle of Trinidad, no progress has been made with the works, and the line is in abeyance for the present. Central American Honduras—not a British Colony, notwithstanding that its imports and exports appear in the statistical abstract of the Board of Trade “for the several Colonies and other Possessions of the United Kingdom”—is about to have a railway constructed immediately across its territory, from the Carribean Sea to the Pacific Ocean. For this purpose the Honduras Government has recently introduced with success on the London and Paris markets a loan for £1,000,000 sterling, under special treaties between England, France, and the United States. The line (about 150 miles long) has been surveyed, on the part of the British Government, by Colonel Stanton and a detachment of the Royal Engineers, sent out from England for the purpose. As regards interoceanic communication, the line will be of great importance, as it will effect a saving of 1,300 miles, or five days, between the Atlantic and Pacific ports, as compared with the Panama route. The harbours at the respective termini—viz., Puerto Caballos on the Carribean Sea, and the Bay of Fonseca on the Pacific, are capacious and safe, affording every facility for direct embarkation and disembarkation.