The Express.
London, England, 1862-07-26 00:00:00

THE NORTHERN RAILWAY of BUENOS
AYRES COMPANY (0 ited).
Incorporated with Limited liability under the Joint Stock
Computes Acts, 1866 and 1857.
Govertimeat Guarantee of Seven per Cent. per Annum for 20
yeoman 750,000 data or £160,000, In *trice of the law of the
Nate at Mims arra, and a Special Contract or Concession,
dated 25th February, 1802. The line and plant remaining the
property of the Company la perpetuity, tree from taxation.
Capita/-4'160,000 Guar
16000anteeof d 7 per Cent. Preference Shares
( glO each..
Secured by Government Guarantee.
£OO,OOO Deterred 7 per Cent Preference Shame
(0000 of £lO each).
Reserved for Bane as fully paid up. •
£40,000 Ordinary Shares 4,000 of £lO each),
Reserved for issue as fully paid up.
Isaue of Guaranteed 7 per Cent. Preference Shares °sly.
Deposit £2 10s. per Share. of which £1 must to paid on
lon.
Seven per Cent interest be allowed during Construction, on
Calls, or on Paymenta in anticipation of Calls.
=Errol&
Z. B. J. CRAUFURD, Esq., M.P., Chairman.
Moines Campbell, Req., 6, Westimumeatreet, Rydepark-
gardena.
Theophilus Ctive, lei. (Director of the Railway Paasengers' Asa-
recce Company).
Frederick Harrison, Esq. (Director of the Manchester and Mil-
ford Railway Company).
Andrew Lawrie, Req. (D)trector of the City Bank).
James Mitchell, Esq. (Director of the Bombay and Baroda Rail-
way Company).
Frederick Perklemlo9. (Mayor of SouthamPtoo).

London—The city, Bank, Threadneedleatreet,
Buenos Ape.—beaus. Mann and Co.
lioidmoss—llsosra. Aaburst, Ben, and Morris, 6, Old Jewry.
CONSULTIIIO Itnotnitin—Edwin Clark, Bay., C. Z., Oreat George-

-Mama R. B. LI J. Grantham, Great Sootland-
yard, and Nicholanlane.
AUDITOII3.

G. H. Jay, laq. (Mom QaLter, Ball, Jay and 0o.), Koorgate
stmt.
Jain Wliba Week Phtlpot-lane, LC.
PROEIRS.—Mers. Joanna Hatchtnaon and Son, IS, Angel-court,
- -

Loudon. .
SaCIZTART.—AIfred Elborougb,
(Aces King's-aem►yard. Moorgate-street, EC.
PROHPICITS. - -

I. The ,it concession granted by government of Buenos
.lyres for the construction and working of a Rahway to San

Fernando sunder which

ble portion of theo !Irks has

been constructed', having been cancelled, and the original con-
cessionaires having renounced all authority or control over the
undertaking, anew concession was granted on the 25th of Febru-
ary last. This concession, with the portion of the railway and
works already made, and allproperty held therewith, has been
weed to be transferred to Company. It is now proposed to
complete the railway to Ran Fernando, which may be considered
the ftrst stage towards a more extended railway communication
between the chief city of the Argentine Confederation and the
vast and fertile country to the North.
2. The concession grants the following privileges
lat. A guarantee of intereatof 7 per cent per annum for the
term of 20 years, on a capital of 750,260 dollars, or 4150,000 ster-
ling. The railway will be constructed in three sections, and his
stipulated that the guarantee shall commence proportionately
upon the opening of each 'action. After the expiration of the
term of the guarantee, the Ilne, with the land, works, and roll-
ing stock, will remain the absolute property of the Company in
perpetuity, without luny power of compulsory purchase by the
government,

Std Free grant of land for stations, and of the public lands
through which the line passes, to the extent of 25 yards In width.
led. Perpetual exemption from taxation and import duties on
the mate/Ws and property of the Company.
4th. Permission to construct a tramway In order to connect
the principal terminus in Hoene. Ayres with the Custom-house
and the most populous part of the City.
In addition to the liberal provisions in the concession, every
assurance has been given by the &motive Government of Buenos
Ayres of all needful aid and protection to the undertaking.
& The Extension of the Lade from San Fernando to the Parana
is considered highly desirable, and application will be made to
the Government of Buenos Ayres far another c(acession for that
purpose, accompanied by a Government guarantor.
4. The entire road, Including the tramway, with sidings, will
be about eighteen miles in length ; It passes through the most
attractive neighbourhood of Buenos Lyre., and must secure the
chief pleasure trafile of • population of 140,000 inhabitant.
Judging from the actual receipts of the Western Railway, the
only one at present existing In Buenos Ayres, and which are
chiefly derived from this description of traffic, and makings very
moderate allowance for the superior attractions of the Northern
Railway, there can be tittle doubt of • very profitable return
upon the money invested but when account is taken of the
goods traffic that most accrue to this line from the contemplated
extension to the Parent (which, with its tributaries, has an un-
interrupted navigation of more than 4,000 miles, and is, more-
over, the natural highway for the commerce of Bolivia, Western
Brazil, Paraguay. and the Upper Argentine Provinces), few rail-
way enterprises offer more remunerative prospects.
5. The route and plans of the line, as far as San Fernando,
have been approved by the Government, and the works are ra-
pidly Progressing ; the first section (more than one.fourth of
the whole line) is expected to be ready for traffic in the course
of the present month. Materials and rolling stock sufficient to
complete and work one-half the entire line are also ready at
Buenas Ayres; and although the concession allows three years
for the completion of the road, the favourable accounts recently
received afford every promise that the entire line may be finished
within twelve months from this date.
6, A contract has been entered into for the completion of the
whole line at • price considerably within the available
teed wale], part payment being agreed to be taken by reaCau::
tractors in the fully paid up ordinary shares of the Company,
which will be re .erved for Isue In accordance with the contract.
7. The deferred preference shares are reserved for lame as fully
Awes, paid up Awes, and are to be applied In
part-parer* fee the
concession an the lands and premlacs, works, plant, and mate-
ready al acquired or constructed.
it The guaranteed preference shares will be entitled to a pre-
ferential dividend of 7 per cent., secured by the Government
guarantee, and will be allowed a like rate of interest on all pay.
emote made In respect of calla, or In anticipation thereof, during
construction.

[Stamped, ld. Additional.]

Friday, July 26

-The deferred preference shares will not he allowed interest
during construction, but will be entitled to a dividend of 7 per
cent. out of the profits, after the guaranteed preference shares
shall have been paid their dividend.
After all the preference shares shall have received a dividend
of 7 per cent., the ordinary chores will be entitled to a like divi-
dend, but will not receive interest during construction.
The surplus then reraidrung will lw annually distributed as a
bonne amongst such of the preference shares of both dames as
may be drawn by lot.
When the preference shareholders shall thus have had re-
turned to them an amount equal to the capital represented by
the shares is, drawn, the preference or? such shares will cease,
and they will thereafter rank as ordinary shares in all subse-
quent divisions of profit.
. .

9. Applications for guaranteed preference shares, on the
annexed form, atter payment to the bankers' of gl per share, in
part payment of the deposit of N. 2 10s. per share, may be sent to
the brokers, or to the °dices of the Company. If no allotment
be made to the applicant, the deposit will be returned without
deduction.

10. Prospectuses and forms of application for shares may be
obtained from the brokers of the Company, Messrs. Joshua
Hutchinson sod Son, 16, Ansel-court, Throgmortonetreet from
the solicitors, Messrs. Ashurst, Soo, and Morris, 6, Old Jewry;
sad at the odes of the Company.

THE NORTHERN RAILWAY OF BUENOS AYRES COMPANY
No. (Limited).
APPLICATION VON SHARNS
.._ • _ _

To the Directon of the_ Norther, !Lilly of Boom Ayres

-
Gentlemen,-1 request you to allot to me Guinn.
teed Preference Shares to the above-nanied Company, add
agree to accept that number of ahares, or any less number that
poet may allot to me, subject to the Articles of Association ; and
I hereby authorise you to ester my name upon the Register of
Shareholders of the Company for the number of shares which
may be allotted to me.
Name in full)
Address in hull)
Profession or description
Date
Signature

No. Re' RICQpP.
To be retained by the Apheplicant, after having been signed by
t Bankers.
Received on account of the Northern Railway of Buenos
Ayres Company Liniltecil, from the sum of
being deposit of I:1 per share on application for shares
is the undertaking.
For "The City Bank."

If it be not convenient to make the deposit with the Bankers
of the Company, this entire form may be sent to the Company's
Mies, by post, accompanied by cheque for the amount of the
deposit. Cheques to be crossed "The City Bank."

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[TWOPENCE

THY INTERNATIONAL EIIUBITION.

Sawn ticket
" "(Payment

7,9811
... 19,1012

Told 27,860

Friday, July It TiMmon Yokels ..
Payment
Total

a,OlO
=Mt

110.8152

The remarkable fineness of the day had not the
effect of very much increasing the attendance yes-
terday. Their Royal Highnesses the Crown Prince
of Saxony and his brother, Prince George, visited
the building early, and spent some time in the
examination of its contents.
The visitors to Class 31 would do well to
examine the gas apparatus by means of which
Mr. Porter, of John-street, Adelphi, proposes to
supply private houses in the country with means
of gas illumination. In tins" the superiority
of gas has long been an established fact, but, ex-
cept in some very rare cans, not one of the man-
sions with which the country is so thickly studded
has as yet been made acquainted with the most
brilliant and manageable of all practicable light..
Mr. Porter has invented a comparatively simple
apparatus, which can be made available in any
country house,l and which can be managed by a
labourer or one of the ordinary aervanta of the stab-
liahraent. Mr. Porter ruses coal for the generation of
the luminous vapour, but removes all objections to it
on the score of smoke, damage to pictures, &c., by
a purifying process, which leaves the gas perfectly
free from any deleterious ingredient. This would
remove any objection to the nee of the apparatus in
the houses of the nobility, and would greed in-
wok hita.iiiraetion d tkeee plelewe
there is no light by which pictures look so well as
properly-arranged gas-burners. Now that country
visitors are pouring into town, "thick as leaves in
Vallambrosa," is perhaps the best time for calling
attention to Mr. Porter's gas apparatus.
The Earl and Countess Russell were amongst
the visitors yesterday. The Packenham National
School pupils, to the number of 31, were franked
in by the Rev. W. C. Duckworth.
The highest temperature yesterday, taken by
Negretti and Zambia's patent thermometers, was at
145 p.m. :—ln the nave, 70.5 ; in the galleries,7l.9.
The temperature in the building yesterday was high,
but not oppressive.
The following are the total numbers admitted yes-
terday, compared with the corresponding day in
1861: