The Express.
London, England, 1864-03-10 00:00:00

PB.OSPICI I:&

The projected Central ArgeSiiii7w;it•ilway, about '2 4 7 miles in
length, will connect Rosario and Cordova, two of the moat im-
portant cities in the Argentine Republic. Commencing at the
city and port of Rosario.. It will pus through the fertile pro-
vinces of :font► Fe and Cordova, and about midway will form a
Junction with the high roads penetration the southern and
western previous, thus opening. up a van country now very
deficient in means of transit.

Rosario stands on the western shore of the great river Parana
along which, Minna tributaries, there is an uninterrupted navi4a-
tion of more than 2,000 miles. The port is capacious, and acres-
sible at all states of the tide for vessels of even 1, MI tons bards n,
and forms the centre of the extended system of tragic to the
Atlantic coast and Buenos Ayres, and the contra and northern
provinces.
The city of Cordova Is the centre sad capital of the pros alit
of the same name, the most populous and wealthy of all the
Upper Argentine Provinces, and Is the print of Junction for the
trance of all the northern provinces. &upper ore almonds in
the vicinity, sad some of the mines recently opened are ykloing
favourable returns. Amongst the most Important Ifrll4 of
export are hides, tallow, and wool, the latter well known in
foreign markets for its excellent quality. The Central Argentine
Railway will connect Cordova and the proslietive districts, of
winch it is the centre, with the Pamni riser, and the oreat
stein of inland um igatlou of the magnificent valley of La
Plata, whose resources are sufficient ,when an efficient outlet Is
provided) to supply the European markets with eves; VP•lrt) of
intwriropleal products. . . . .

The reoeut discovery of extensive silver deposits in the pro.
vines of San Juan must greatly contribute to the wealth of the
republic, and add materially to the tannic of the railway. The
mei aof ulcer," says the Timss," Dec. 14, DOG, •• so far at
expenments have yet been made, is likely to prove r rich. if
not more rich, than that of any field heretofore worked. kxpe-
rimmed miners from the adjoining republic of Chill appear to
be settling In the tieinhlinurnno.l, and a Cnmpeny formed at
Buenos Area are now mtablishlng smelting works, with the beat
Yaglish machinery on the spot."
The Argentine Government, attributing special Importance to
the early construction of this line, hat ;rented a eonces•ion of a
very favorable character. The following are among Its most
Important conditions :
1. Grant of the railway In perpetuity, without any right of
pre-emption by Government.
f. The property of the railway and its dependencies to be tree
from all contribution or impost tur a period of forty years.
3 A guaranteed interest of 7 per cent. par annum for forty
years on en expeadlture not exceeding G,Mad. pet mile, taking
the working expenses at 45 per cent.
' •

to be completed in 'triton■, the Government guarantee
taking effect from the opening of each section.
6. 4.ueerunftot to be repaid out ut suoseyuent surplus plants
in case any advances are made antler their guarantee.
6. Ten mike of railway to be completed within eizliteen
months from the 24th 114, 1563, the enure knells fire years from
that date.

7. Lands, whether national, provincial, or privste, required
for the line, stations. piers. We., granted fret to the Company.
With free use of timber front the national forest* for massy and
tragic
d, ALL articios which may be neceaw, for the construction
and use of the railway to be exempt from all import duty during
forty years. . .

guannteed interest to be made up and paid at
the end of each year.
10. newt of one league 'a little over three English miles' of
land on each side of the line from points tour leagues from the
Rosario and Cordova Stitlollll respectively, and one league front
each of the towns of So Geroolmo yrayle Muerte.' and Villa
Nueva. except Moldings and tango under cultivation.. .

The aggregate quantity. In round numbers, of lauds ceded to
the company is bob,ooo English acres. Government engage, to
obtain and make over to the Company four square Imbrues in 11. e
province of Santa he, and four in We province of Cordova. These
important granta of land are only subject to the condition of
being hereafter peopled. but for which no period Is
The Thole line has been surveyed, and plans and sec:ions
handed over to the Company, and Mr. Wheelwright, the eon"
cessiminalre of the railway, hoe already graded ten miles of the
line, an provided by the concession, and the permanent way fur
thts section is M coon, of shipment.
Mr. Thomas Steamy, Mr. George scythes, and Mr. William
Wheelwright, In consideration of receiving la payment one halt
of the lands granted, and the aeon of /i 0.400 per mile—the
amount on which the Interest guaranteed by the Government is
calculated—have undertaken the construction or the railway in
conformity with the provisions of the 000411CLi011; the erection
of stations and other necessary bundinp, the supply of rollout
stock. the payment of the expenses Incidental to the formation
of the Company, and the charges of management.
The Contractors also undertake to pay 7 per cent. per annum
interest to half-yearly psyments on the deposit and calls until the
Government guarantee comes into force as respects each sec-
tion to work each section from the time of its completion at
UM rate allowed by the Government and to maintain and work
the entire line for two years after Its compktioa at the same
rate , whereby the Government guarantee of ; per cent. Interest
Is secured to the Shareholders.

The spatificatioo for the stations, &c., and schedules of the
quantity and description of roiling stock to be supplied. are care-
fully settled by the contract. with a view to preclude any risk of
the Shareholders bring called on to furnish additional capital
until the development of the traffic shall require It and ma►e it
proltable.
The Directors intend to take power In the articles of alsocia-
Uois to issue debentures, in relief of the capital, to the extent of
C. 00.000, believing that there will be no difilculty in placing
them at a rats of Interest which will afford • Noel% to the
Shareholders. They also feel ornlideut that the Dods ceded to
the Company will at no distant date prove a source of large
proitt, and eooduoe to Ito future prosperity. In order to avi.ol
any divergence of interest in the management of these land., the
contractors hare agreed to unite with the Shareholders In de-
veloping their mount-.
It it intended to take powers to raise money with a stew of
direeloping the beds.

Prtaiiiectuaes„ with amp showing the line of the projected
railway, may be obtained at the otllce of the General Credit
and Finance Company. or at the cake of the Loudon Financial
Aasosiat'on, and at the temporary offices of the Company, where
a notarial translation of the Concession, and pelota ot UM memo-
randum and ankles of association, lie for inspection.
Applications for shares to be made in the annexed form. which
must be lefts the Bankers with • deposit of Al per share ou
the number of shares applied tor.
If no allotment be made, tie deposit will be returned with-
out deanction. Should • less number of Shares be allotted than
that applied for, the lepoalt will he made available towards the
payment o• the allotment, and the balance, if auy, returned to
the applicant.
Prospectuses and Forms of Application may also be obtained
from the Brokers of the two Itinanetal Companies.

AGREAT SALE of LACES, Embroideries,
Handkerchiefs, Silk Hosiery. Dreooing Goa no, Cloaks, ,tc..
at half price, THIS DAY Thursday . the loth Ind , and follow-
ing days during the week, at A. BLACK WANE 'S Bruxelles and
gpanioli Depot, 35, South Audleyntreet, Grosvenor-square,
Lon .on