The Express.
London, England, 1852-10-06 00:00:00

ford Railway, I to l, rem.
The setthng day in the shares of the English.
Scottish, and Australian Bank is fixed for Friday
next.
It appears that the Swedish loan, to the negotia-
tions for which we drew attention on a former occa-
sion. is to be brought out in this market, but not by
tile contractors who offered a portion of • preceding
Mile of it in Leedom last year. The following is a
espy of the notice polo* in the Stock Exchange:
ir
mg Sledielt provincial lean, under the authority of
/scold Diet and seer of March 28, 1861.
he 480,00 W. , in bonds bearing interest at 4
gilEassil per swam in Landon halt yearly.
- The Wadi Wh• at par by half-yearly draw-
ls.% the 11110.111$ Of 1 per mat. per annum, at the office of
Oki asatrasasat, k*a resew' of the Swedish Conni-
e= • Wary labile, and two witnesses.
eandlema an In conformity with the act of the
Dist
The sammistiesere appointed under the above-named
act of Diet stand in the district courts as the registered
meninges, of the estates on which the advances are made,
and in no case is any estate estimated at a higher value
than two-thirds of its taxable value, according to the go-
vernment reties for public taxation of 1848. This valua-
tion is further subject to reduction, by the commissioners,
should they think fit to do so.
Similar loans have been negotiated in Hamburg, and are
currently bought and sold on that exchange.
Applications are invited for this loan at the price of 93
psi coat, on the following conditions:
13 per cent. on the issuing of the scrip.
10 per cent. on December 1, 1862.
20 per cent. on March 1, 1853.
30 per cent. on June 1. 1853.
20 per cent. on September 1, 1833.
The bonds will be delivered on payment of the second '
Instalment.
Interest on the deposit at the rate of 4 per oent per
annum will be paid on the Ist December next, from which
date interest on the amount paid up accrues, the ant
dividend and redemption being due on the let of June,
1&53.
The director reserve to themselves the right of paying
off at per the whole or any part of this loan at the expiration
of tea years frees Ist December next, upon giving six
months' notice of their intention to do so.
The accounts are published yearly in the government
Garda of Sweden.
Dividends will be paid, and the redemption made, at the
*See of Messrs. Palmer, Maekillop, Dent, and Co., 11,
Ring's-arms-yard, Moorpteetreet, where applications for
the loan may be made ; as well as to Messrs. Charles Tottie
and Sone, 2, Crosby-square ; and to Meters. It. and J,
Sutton, No. 22, Royal Exchange.
It may be as well to mention that these loans, al-
though of course sanctioned by the Swedish govern-
ment, ore not guaranteed by Sweden, the dividends
being, as we understand, paid by an association
known under the title of the " Hypothecated Estate
Association of Gothenburg." The statutes of this
association are sanctioned by royal mandate, and the
loan is presumably raised for the taking up of mort-
gars, in accordance with the object for which the
society was framed, the security being the estates
themselves. Tho operations of this society are of
course purely legitimate, and doubtless productive of
great benefit to the country. The loan appears to
be regarded with favour on the Stock Exchange, as
the quotation at one period of the day was as high
as 31 to 4 prem., and closed 3 to 31 prem.
Another northern project is also upon the market,
under the title of the "Norwegian Trunk Railway,"
a preliminary notice of which was given in the Ex-
press some weeks back. The line is to run from the
metropolis of Norway to the two great inland lakes
of Ojorn and Mellen, thus bringing the most popu-
lous and productive provinces in the country in di-
rect communication with the sea coast. It is calcu-
lated that the facilities of transport thusaffforded will
create a timber trade in Norway equal to that now
carried on from the Baltic. The capital is fixed at
460,0001., of which the Norwegian government fur-
nish one-half, leaving a sum of 226,0001., which is
to be raised here in 11,260 shares of 101. each, and
6,623 shares of 201. each, paid up in full. Out of the
net revenue) of the line 5 per cent. is to be paid on the
223,0001. advanced by the company before any other
payment whatever; after this, 4 per cent. is to be
paid on the half of the capital advanced by. the
government, and any surplu% that may remain is to
be equally divided between the government and the
company. Interest at the rate of 4 per cent. is
guaranteed by Messrs. Ricardo, Pete, and Brassey,
upon:the preference shares, until the opening of the
line, which the contractors have undertaken to com-
plete by the end of next year. As the whole amount
of the shares is to be paid up at once, it is evident
there is no openiog for the premiu m bun te rs in this case.
Our New York advice, mention that the result of
the proposals for the 5,000,000 dollars of Pennsyl-
'Sig& Five per Cent. Coupon Bonds, redeemable in
thirty years, and free from taxation for any purpose,
was not as favourable as was expected. Tho total
amount bid for did not exceed 3,300,000 dollars, and
the average rate of premium offered was about 102
per cent. As the bide were not satisfactory to the
state officers, they were only accepted for an amount
sufficient to liquidate the past due Six per Cents.
unclaimed interest certificates, and the amount due
to domestic creditors holding certificates. Notice has
been given that these will be paid off on presenta-
tion, and they will cease to bear interest after
the 15th of November. Tho last market price
of the new bonds was 1031, at which some
small amounts have been resold. The greater part