The Express.
London, England, 1864-02-04 00:00:00

#JBLIDOID Pkt!bricKUS.

In presenting this prostethe public, the General Credit
and I. inane. Company of Landon beg to state that
The Great Eastern Northern Junction Railway Company Is
twined foe the purpose of connecting London with the northern
eoehielda, and cooweetins the Eastern Counties and Loudon with
the otaautadortos detrains of Yorkshire and Lancoahlre by •
trunk line of 'poetically level gradients for the cheaper transit
of geode aad minerals, and to give to the central porta of
colndere railway accommodation, placing Bourne, fileatord, Lin-
coln, and Galosberoao and the Intervening town. upon a Wank
hoe of railway.
The country extending from the east side of London, through
Osaihrklge. Peterborough. Lewin. and Gainsborough to Don-
caster, Is one peculiarly adapted for attaining ow gradients .
and the existing Great Beeler° main line I. Cambridge towards
St. Ives, If continued by that route, would open to the oorthern
coalfields of South Yorkshire, the West Riding, and
Improved means of transit for mai, while It witrithkins:
give,
ita connexion with the manufacturing districts of Lan-
cashire and timeline, through the Mancliester, tibedleid, and
Lincolnshire Railway, at Liman, and with the manufactories
districts of the Wed tiding, by Its courzion with the West
Riding and Grimsby Railway leading to Waketield, a cheaper
transit for goods, sad a more direct scars to the Victoria ,Lon-
don) Docks, sad ether plias of traiiehlpmeot, for exports and
imports through the port ot London, then is now furnished by
the existing railways.
The Groat Eastern Company have established a line of
to the Contineat, menu* from Harwich to Rotterdam dilly , and
by means of this service p•seengers aod goods from the Wein
Riding and from Lancoehire may rasa Rotterdam within the
It hour&

—The present Company Is farmed to ranke a trunk Line to exten-
sion or the Onist Peelers resin line through Ormibri , troth
Stanton, near Ives and to pass through
Peterborough, Deegan& Bourne, olkingithoL St
Lincota,
and thiinaborsegli, to Doncaster and LAMM conumuilesting at
Peterborough, through the Great Pattern station with the Lon-
don and North Western, the Midland and Great Northern Rath.
ways, forming Junctions at „lAncoln with 'the Great No
the Midland, the Manchester, ItheMeld, and Lincolnahire,Vde at
Gatashosomh with the two latter companies, and forming Junc-
tions near Deserter and Lakern with the West Aiding sad
Griming Railway, through which it will reach Wakefield. with
the Meath Yorlohne, gaining access to the Ores& &oath York-
shire coal 6aM, with the Great Northern at the Doncaster sta-
tion, with the Issaithire and Yorkshire at Askant, and with the
North lament for Hull, through the South Yorkshire Railway at
Thorne.

17b; line runs almost wholly through a level country, when
the gradients will be (mite Oat ; end ln the mall portion where
it encounters higher grounds the gradient will be kept within 1
to We, to as to be practically level, and attain the object above
Waded to of carrying, compered with other railways, doable the
peasant lead of goods and discrete with the same tractive power.
The Companylas made amuigementa for the inkirolmege of
trate to and tram the West Riding of Yorkshire with the West
Wang sad Orheaby Ballway Company.
The length of the line from iq.uiton, neer fit lees, to Ask=
will be 104 miles.
The several breaches and oonnetions with existing lines on the
route, and at the Northern termini, will require the construction
of lilt further mils.
The Company ham wade arrangements with the Great Eastern
liallthey Company, under which the Great Melon agree to And
MU the capital, and to work and maintain and pap all revenue
expenses of the line, when made, upon readying 46 per cent. for
working expenses.
The Great Eastern also agree to pay to a common fund 55 per
oast of the gross tram of the new line, SOLI the name propor-
tion of the prom amount earned upon the Great Easters trunk
ham, between Stanton and London, ham any troika paring to
or from the new miles.).
Out of this fund the capital of the new Company le to receive
a minimum dividend of 5 per cent, without any limit as to
maximum , but, subject to the y.ayenent of II per cent, the earn-
Inge upon both new and old lines are to be divided upon a
mileage.
. . .

The"nael cost of the new One between St. twee and
with the connecting branches, will be n 1,500,000.
The effect of them arrangements with the Great Pastern will
be that a Maine of £ll3 per mils per weak will furnish an amount
equal to the payment of the minimum dividend of S per cent. ;
a mileage receipt so small as to be absolutely certain.
Thus, practically, the shareholders are guaranteed a minimum
dividend of Li per eent, without any limit ante the malinum.
The &OWL upou the new Use may be well calculated
from the fact that the Great Northern mann, comprising 351
miles, of which only one.ball is truck hoe, fusanbee from all
sources a weekly averse of ape ards of L9O, and the Great
lantern system of idg miles, of which less than one-third Is trunk
line, furnishes upwards of L 43 per mile per week, and that no
one of the trunk lines of the kingdom running from the snare-
pals la, spark from the collateral and branch lines, earning lam
than £lOO per mile per week.
If the prepared trunk line only earned one-half of the
tem, present
&per's= per week,lt woil:ld pay a dihole
vidend of abonhern
ove 11 per nest
upon its capital, leaving a net profit to to. Great MAIM of
more than £44,0041 a year from new IlrafEc passing over their
aiming line from Stanton Junction So London.
The ennead tease show the rapid increase of the dividends
of the proposed Company, and of the profit to the Great lantern
Railway Graves,, on the expansion of the trate. under the
arrangement with that Company :
Result of the Working on £1,600,000 ltxpenditare
Troia per mile Dividend per Pratt So Great Latent
per week oent, Railway Company.
LIG
90 6 36,000
14.000
44,000
sows
IS
46 lO 711,000
44

Suppose that taltintately the development of the tragic rs
quires the expendstere of t.2,005m0. vis--Niare capital,
A: t,b00.000, and debentures, a. 300,000, the following talge shows
the result, calculating the interest o debentures at 41 per coat. .
Bash of the Working es L2,sou,voo hipenditurs.

Lltytdood per --
- -
Trolls par tolto cost(~ ?raft to Groat Ilsotoo
M will. palm% per Loa's' CoWoo/.
otoL as doborOwas.)
Sal
se
suet
de
fa
se
I
as
as 4111.,0010
40 at
66 at
ILO walk aoya, molting tom the lbw Bey De elii-
-44 1r - -000 ...

mated from the fact that a reduct......, of per ton fn the price
of coal I. London involves a saving of half a million Amman,
that the saving in the tonnage of anode will be at least equal In
amount . that the whole of the Fnetern Counties of England
will be put In direst and unbroken communicai ion with the
northern coalfields and manufacturing Markle that those
manufacturing distrieta will bare opened to them a new and
unbroken route to the continent, and that the main tonne of
the great county of Lincoln will be placed upon a lul
route, its vast agricultural produce earned direct itomt
northern and southern markets at a reduced cost, and its
passenger intercourse relieved of the present delays and embar-
rassments.

• ApolreLions for shares to be made In the annexed form,
which must be left at the °dices of the General Credit and
Flames Company of London ;Limped , or at the bankers', with
• deposit of 10s. per share on the number of shares applied for.
No other moment will be required until after the paean, of
the act, and the deposit will be returned after deducting ex-
penses ,not ezosedlag Se. per share', In the erect of the failure
of the bill. .

--Retailed prospectuses and plans, with forms of application for
shares. n.sy be obtained at the °dices of the General Credit sad
/Mance Company, 7, LoUsbury. &C.. or of the Secretary of the
Railway Company, at 171. Great George-street, Westminster.