The Express.
London, England, 1864-04-22 00:00:00

PACIIPCCTUL.

The rapid development of steam nadgation in long voyages,
and the recent improvements In marten engines admitting of
increased economy la consumption of fuel. mike it evi-
g-egi
nitthat ere long all the valusule trade of the world will be
conveyed by screw 'mammy which. while worked at a compara-
tively moderate cost, ensure regularity of despatch and certainly
of arrival not attainable by the fastest clipper minus Alp.
The liecuterrasseass. American. sod West ludian Umbel an
now almost exclusively carried on by wisubeldised screw
steamers, and the result of the established hoes, such as the
lnmaa," " Bibby," Ac., has been highly remunerative to the
tharettolders. . . .

ibis tiompeny ha been formed to eatabUah a line of Mean
communication between England, Brazil, the River Plate, and
the Waal Coati of &min America, viAthe Straits of ltermilan

The recent pommies of the Pacific Coinpanya home, which fa
proceeding to their stations la the Pacific have performed the
voyage in thirty-five to forty days. from Liverpool to Valparaiso,
calli at Madeira. it. Vincent, and Monte Video, prove the
feasibing lity of this rotate.
The vest 'latent of trade with the countries with which this
Company proposes to open communication may be lees from the

- -
Milo:W.lli astissient :
The exports of Brit tab manufactures to Bruit. River
Plate. Chili, and Peru, In IBA, amounted to value to c5,n1,150
The imports from the West Coast, consisting of bar
copper, silver, silver ore, nitrate, wheat, wool, cot.
too, itc... employ over 200,000 tons
of shipping annually.
From Mil the annual 'sports el bareopperme about 15.000 tons
.. .. .. relfulus
copper ore
Me Lanai expOttstion of produce from Chili alone la valued at
_ . .

oilseeds of x:4,000,000
eterßog-
lt will thus be seen that • large and profitable led exists (as
yet unprovided with Meese for ouninsercial purposes; for the
establishment o a line of screw steamers of power su&Sent to
ensure certainty of quick !images, and of capacity to tote large
cargoes, affording at the same tune accommodation for a yearly
Merman passenger trade to Brazil and to the West (Mist.
The Company will coionienos operations with sin screw steam-
ships 012430 tons and 300 borne-power each (having capacity
for LON by mrgo, U days' fuel. and accommodation for 50 to
70 dyes and a similar number of second.cisas.tairengerC, leasing
Liverpiol mid ellmouth once • month, et tees, KM
Janeiro, and Monte Video au minnows for
Buenos Ayres', thence proceecUngiakli I=sts el Magellan to Val-
paraiso and Lima
Arrangements will be made to take cargo to end from Aries,
Islay, sad other ports on the West Coml.
The mateis are guaranteed to stem le DAM, and being fully
rigged as clipper maws Alps, me valleaded to perform the
MaafelfulA
FalmouthoWOW kW Janeiro fealling at Bale) 25 days.
Do. Monte Video
Do. Valparaiso
Do. Wes OO .
The average pumas of smiling ships to the West Cost being
over 00 days.
The Chilisn government bee long wished to see such • line
established, and some years ego offered • subsidy for the pur-
pose . It is hoped the et the least liberal concessions will be
obtained, not only from the t.hillan, but also from the Peruvian.
Argentine. and Brazil governments, which will tend to facilitate
the operations of the e =pan,.
The expense of working such • line has been carefully goes
Into, sod every confidenoels felt in recommending this scheme
se possessing elements equal, if out superior, to any mercantile
steam line trots England.
The Panic cormany, 'though only connected Indirectly (via
Panama) with Bnglaod, commenced in WO with four smW
steamer', have now • nett of seventeen vassals of peat power,
pay very handsome dividends, and their shares, which °el-
gloat', were CBB each, are now quoted et whilst in so
trade have sailing ships left man profitable resets than in that
of the West Coast.. . . . .

The service* of a firm well acquainted with the trade. and the
management of *crew steamer*, have Wee secured on satisfac-
tory terms, and the business of the Coltman) will be conducted
on the most economical wale constatent with efficiency.

Ito promodon money will be paid foe tine till Com-
pany, but the preliminary expels.* will be cc olineg to necessary
disbursements only.
The articles of aasociatkus may be seen at the offices of the
solicitors to the Company.
Applications for shares must be accompanied with the pay-
ment dthe deposit of 41 per share. Is caw the amount so paid
exceed 51 per share on the number of shares eilotted, the sur-
plus will be returned ; but should it fall short the balance must
be paid within the time to be stateJ In the letters of allotment,
oth rola* the allotment will be canceled sod the deposit for-
feited. . .

Forms of application for shares may to obtained from the
brokers, and at the temporary °Mom of t►e Compana.
In cases where nu allotment is made the devout will be re-
turned In kik

WORM OP APTLIC6I7OII FOR SHAWL
To be retained by the Bankers.
To the Directors of the British and South American Steam Navi-
gates Company :Lindlady.
Gentlemen,—Haring paid to your bankers the sum of
being a deposit of gi per share on shares in Mosher.*
Ceenpany, I hereby request that you will allot me that number.
and I agree to accept the same, or any leas number you may
allot me, and to become member of the Company and I au-
thorise you to place my name on the register of members forthe
shares so allotted; and I agree to be booed by all the conditions
and regulatioes contaleed in the memorandum sad articles of
association of the Company. I further authorise you to forward
by post, tow address as below. the militate for any shares
which nay be allotted to me.
Name In fall
Stridence
Firm (if any.
Protestors or buboes
Place of business
Bete