Carmarthen and Cardigan Railway: A few days ago reference was made to the financial position of this company. From what has since transpired, it appears that of the £970,000 capital represented to have been expended, £200,000 has been issued in Lloyd's bonds, for which no value has been received, and a promise has been made to return them; and if this promise is carried out, the capital will be reduced to £770,000. The railway is now virtually in the hands of the Court of Chancery, but there is every probability that the undertaking will ultimately be either leased or sold to the Manchester and Milford Railway Company.