The Express.
London, England, 1864-04-21 00:00:00

PROAPISC7IIB.

The rapid development of steam navigation in long voyages,
tad the recent idprovements tr marine engines admitting of
greatly increased economy in consumption of fuel, m ske it eel.
drat that ere tonsil the Talmud' trade of the world will be
conveyed by screw steamers which. while worked at a coMines-
Lively moderate cost, ensure regudirity of despatch and certainty
of arrival not attainable by the fastest clipper sailing ship.
The ltedidarrmeau, American, sad West Indian trades an
now almost exclusively carried on by unsubsidised screw
steamers, and the result of the established Knee, such as the
° •• Bibby," dc., has been highly remunerative to the
shareholders.

ibis Company has been formed to establish a line of steam
communicatiou between England, Brasil, the Ricer Plate, and
the west Coast of South America, ell the Strain of Magellan.
The ecent passages of the Pacilic Company's boots, which In
proceeding to their stations to the Facile have performed the
Voyage in thirty.gre to forty days, from Liverpoo. to Valgaraisu,
talking at Madeira, St. Vincent, sad Moats Video, prone the
lea lbihty of this route.
. . .

The reit extent of trade with the countries with which this
Company proposes to open communication may be men from the
following etetement :
I he exports of British manufactures to Brazil. Elver
Plate, Chill, and Porn, la leSt, ammanted la value to £3,201,150
The imports tram the West Coast, comasting of bar
copper. silver, sliver ore, nitrate, wheat, wool, cot-
ton, Lc, employ over 200,000 tons
of shipping annually.
From Chili the annual exports of har copperars about 15,000 tone
„, regains
. _

par ore SCAMO tom
Ttbe eacualexpOitatkm of prod roiuce from Chill alone 4atted at

upwards of ie. 4.000.900
It will thus be sees that a taros and profitable field exists 'as
yet unprovided with steam for commercial purposes,, fur the
establishment of a line of screw steamers of power aukcient to
memo certainty of quick passages, sad of capacity to take large
cargos., affording at the same time accosammistioa for a yearly
brewing preeriger Walk to &aril and to the It et Coasts
The Compaq will comansffice operation with six screw steam-
ships of ;WO tom and 300 hone-power each (hawing capacity
for 2,000 tons cargo, 35 days' furl, and accommodation fur 50 to
70 first and a similar number of second-clam pamengersi, leaving
Liverpool and Falmouth once a mouth, calling at Bahia, kW
Janeiro, sad Monte Video (taking goods and pomanders for
Buenos Ayres,. theses proceeding ea Walls of Magellaa to Val•
paraiso aud
Armagemeau will be made to take cargo to and from Arica,
Islay, and other portion the West Croat.
The vessels are guaranteed to steam 10 knots, and being fully
rigged as clipper selling ships, are calculated to perform the
'muse regularly In. say—
Falmouth to kw Janeiro (ealMag at Bahia) 43 days.
Do. Nicole Video
De. Valparsom
Do. lime
The average pumas of sailing skips to the West Ccit9t being
over 00 days.
The Chinan government hay long wished to see such a line
established, and some years No offered a subsidy for the pur-
pose . h Is hoped that at the least liberal commotion wilt be
obtained, notoay from the t Idllau, but also from the Peruvian,
Argentine, and hrrsil gorerituieuto, which will tend to facilitate
the operations of the t ompany.
The extreme of working such a line has been carefully gone
and every confidence Is felt In recommending this scheme
as poseaseing elements equal, if out supenor, to any mercantile
steam line from kankaad.
The Pacific Company, though only connected Indirectly lull
Panama) with Haglund, rummer...v.l to late with four small
steamers, bait now a fleet of seteuteen onset. of power,
pay very handsome dividends, and their &tilet, which uri•
glually were £5O each, are new quoted at cts4 . whilst in no
trade have minim skips left more prontable reads, than In that
of the West Coast.

The services of a firm well acquainted with the trade, and the
management of screw steamers, have been wow...doe satisfac-
tory terms, and the *minces of the Company will be conducted
on the most economical scale consistent with t alcieucy.
No promotion money will be paid toe originating this Cons•
may, but the preliminary expenses will be weaned to neceesery
diebursernents only.

The article. of association may be men at the offices of the
solicitors to the Company.
Applications for elures most be accompanied with the pay-
ment of the deposit of Ai per share: In case the amount so paid
exceed • 2 per Aare on the number of shares allotted, the sur-
plus will be returned : bat should It Ml short the balance must
be paid witiln the time to be iiatei in the lett. rs of allotment,
oth• raise the allotment& will be cancallwd and the deposit for-
. _ _

-17oinia of application for shares may be (.Main• d from the
brokers, and at the temporary oaks. of the Company.
Is eases where nu allotment I. made the deposit will be re•
tinned In

11011LX or APPLICarIon WOO Snarl&
To be retained by the Bankers.
To the Egrectais of the British and death American Steam Navi-
gation Company .lAsulted).
Oentiemeo.—Baviog pail to your bankers the tom of JC
being a deposit of al per Aare on shares in the above
Company. I hereby reddest that you will allot me that number.
mid I agree to accept the same, or any leis number you 12137
allot me, and to become a member of the Compan. and I nu-
thorlse you to place my name on the register of members for the
shares so allotted; and I agree to be board by all the comiltious
and regulations contained In the memorandum and articles of
amociation cd the Company. I further authorise you to forward
by poet, to my address as below, the certnicate for stay shares
which may be allotted to me.

Paisidence
firm ;if aoy
Profession or business
Mee of beanies.
Data