The Express.
London, England, 1865-12-09 00:00:00

_
Madam
Edwin B. iceiveliptt, Director of Barned's Banking Company
(Limited), Li
Jostgamlobiarion, Mg., Deputy Chairman Ebbw Vale Company
( >, London.
Wicks&
The Consolidated Bank (Limited), London, Manchester, and
orwich.
The NaMona Itank, London, and Branches tarp Ireland.
Memrs A. Heywood, Sons, and Co., IlvooL
The Bank of Scotland. Edinburgh, and Branches
SOLICITOId —Medan. Ifreshileldonds and Newman, Bank-buildings,
Lon, LC
131011/11
Mews. Joshua ilutehinson and Sea, Angel-court, London. LC.
Less's- E. F. Satimihwalte and Co., Es, Thregmortonstresh.
London, E.C.
Kamm Lama" Son, and Pearce, 7, AMMI-mkart. London, B.C.
Ihe report of J. S. Pottle, Seq., well known to the Br
rsilway public as vice-president London, Dutab-Ithenish Railway,
and general manager of the Chatham. and Dover
Railway, contains fall Information derived from personal inspec-
tion of the position and prospects of the Atlantic and Orest
Western Railway. from which It a
TM Atlantic and Crams Westsrup=y system coraprims—
bra tulles now in work, including 17 miles recently
opened,
100 milts in course of construction.

Total. .607
Of which 626 miles belong to the Company, and 81 miles are
leased for 90 years, at a low rant ($.273,014 a ymr). Thottgli not
yat full) completed, the tragic already equaL that of many of
the best American lines.
During the drat six months of 1865 the receipts upon the 322
miles then open ware $2,679,737. equal (at the leethilt rale of
exchange of seven dollars to the a) to 4366,633. Since July
410 nines have been open. and the receipts have been $2,011,670,
equa187,31.2 or three months. or at the rata of £1,149,62,
per annum. The 'OP/nod monthly trails return shows the
steady Increase of trifle:

1563' Maesopso. =r.: F1"lg-111E66.
Dollars. Dollars. Dollars. 1 Dollars.
January.. 32t 111,761 240,379 207,296' 1161,120
February „ 100.716 277,930 239.1.111 . 317,048
March .. „ 113.412 336,403 226733 449,316
pril .. 1d .. „ 112,061 236,966 97,267 . 40680
May .... „ 135.434 124,988 211,679 460,
A
Jaw .... 163,763 360,289 314,621 ! 61022
July .... 490 162,666 432,1121 1132,096 i 696,623
Assad .. „ 213,40 616,069 406.076 736528
Benlmb,. ~ 110.914 4110.111 446.044 . 677,023
October .. ~
_DNA& 012,05_____0_f_.0 719.911

This table includes the trek of 33 mlles of the 011 Creel.
Hallo ay, which was constructed M_ and has hitherto been
worked by the Atlantic and Gre
at Wrn Railway Compauy,
but does not torus part of the Conlidation.
The actual remit. therefore, Le a gross receipt at the rate of
upwards of 41.600,000 a year at the present exchange, with 100
miles still to open, and a large Increase of traffic only waiting for
a further supply of rolling stock.
This large traffic is owing to two causes :
1. The Atlantic and Great Western line forms the central libe-
nk
of the greatest hoe of through traffic in the world, viz., that
tween the Western States of America and the Atlantic. Prom
its shorter distance, and advantage of forming pert of op
Wl-
broken line of 1,20 u miles on a tubiform six-feet gauge, it must
always be the best line of cornrow:deal:on by which the enormous
goods and passenger traffic centering In the Western cities of
Cincinnati, Cleveland, Chicago, and Si. Louis, can arrive at New
York and the sea-board.
1 The local trillion eciaafly enormous, owing to its traversing
the newly-discovered oil districts of Penusylvaula, and the great
coal fields of Northern Ohio. Some idea of the local teak
thus waiting for development, may be formed from the Insole
fact, that this oil district now yields at the rate of 1.000,000
barrels per senum, for the conveyance of which sa much as 3d.
to 4d. per ton per mile is willingly paid.
A eoneolidatles of the several dtvielons of the Atlantic and
Great Western kailwq under one eiecutive has beeu made, auil
a mortgage for 30 mllllons dollars, or 6 millions sterling of bonds
has been crailed,and alms, esnatel of SO maltase dollarsof shares
of 50 dollars each, based on the whole property of the Company.
The new shares will supersede those prevtously Issued, with the
eiception of 1,910,000 dollars of prefereuce shares pledged as
part of the security to
the certificates of debenture issued in
November, WA, which will therefore remain prefereunal until
those certificates are paid off, when the whole will become ordi-
nary share capital. Provision is made in the mortgage deed
iuuder which e consolidated mortgage bonds are honed for
securing the rights of the existing mortgage lsonds, and also for
their exchange at maturity, or earlier, by consent of the holder,
if authorised by the Board of Control this being completed, the
present consolidated mortgage will become the e rat mortgage
over the whole railway, with its branches, extensions and ....quip-
meats.
The consolidated capital therefore will consist of $69,000,000,
hall In shares and half In mortgage bonds, which provides for the
completion of the entire line.
To meet the interest on these bonds at 7 per cent. In sterling
after payini, all working expenses, It calculated by Mr.
Forbes theta gross annual remipt of 16,442,000 would be runt.
dent, which is cocolderably less than the actual receipt, and
3,5T/1,000 dollars lees than Mr. Forbes's estimated, the annual
receipt when the additional 100 miles are opened, so that the
security for the bonds is ample, and there Is every prospect that,
In addition, a high rate of dividend will be paid on the 30,000,0e0
dollars of share capital.
The consolidated bonds have years to run, with conpone
for int-rest at seven ,per cent. per annum, payable quarterly,
free of Income tat, at the Company's offices ILondon or New
York, gold. interest is payable on nth January, 15th April,
15th July, and 15th October of each year.
It is proposed to appropriate the total authorised issue of
130,1-410,000, or Z 6,000,000 sterling sionsolidated mortgage bonds
as follows :
1. A reserve of $18,144,400 will be placed with trustees to
meet. either by conversion or payment when due, the existing
sional mortgage bonds. being the total amount that has been
issued, or autlairistal to be tooted, as certified by Messrs. Cole-
loan, Turqaud, Youngs, and Co., after due examination of the
Company's books and resrs,equal to L3,e25,400. This in-
cudes bonds issued t
otg te the por eublic, and also the bonds de-
positedl with
rustees for the certificates of debentures Issued in
November, 1884, the security of which remains unaffected by
the preseut arrangements.
2. The balance, vie., 42,771,800 is offered for public subscrip-
tion at the pr
ice,
of £9O per 4100 bond, Including the coupon due
January 15, 1886, payable as follows :-
45 per 4100 bond on application ;
10 „ „ on allotment:
25 „ „ on lbth January, 1884, less coupon 41 155.
due on that date
20 „ on lath February, 1888;
40 „ on lath March, 1808
„
allowing for the January coupon, the net price of each 41000
bond will be L2B se, or allowing for discount on pre-payment
under 478.
Subscribers will have the option of paying In full, under dis-
count, at the rate of 7 per sent. per annum ; but, In default of
due payment of the respective lustaiments, all previous pay-
ments will be liable to forfeiture. The definitive hoods ass
isti
now ready will be delivered, in exchange for scrip, so won
ts fully paid up.
Copies of the laws suthortsine the consolidation of the several
divisions and he of the Company. of the deed of trust or
mortgage, of the form of tousolida- el mortgage bond. and of
other documents relating to the present issue of bonds, are de-
posited for inspectloe at the offices of the solicitors.
Application must be addressed either to the Secretary. at
the offices of tile Company, 5, Westminster- chambers, Vic. oda-
street, Westminster, S.W., to them bankers of the Companiy, or to
the hooker, from whom prospectses mid forms ot applcation
can be obtained.
London, December 2, 1885.

ATLANTIC AND AND GREAT WESTERN RAILWAY.
gOall Os APPLICATION.
(To be retained by the Bankers.)
To the Board of Control, AtkinUc and Great Western Railway
Company.
Baring paid to the sans of f , I hereby
request that you wM allot me Consolidated Mortgage
Bonds of the Atlantic and Great Western Railway' and I hereby
agree to accept such Consolidated Mortgage Bonds, or any less
Dumber that may be allotted to me, according to the terms of
the proepectua
I am, your obedient servant,
Signature
Address full
Date -----

THE ATLANTIC and GREAT WESTERN
RAILWAY.
ISSUE of CONSOLIDATED
or STERLING MORTGAGE BONDS
fEt..77000.
NOTICE IS HEREBY GIVEN, that the LISTS of APPLICA-
TIONS for these BONDfiwill be CLOSED In London on TU PSDAY
neat, the lith inst., end on WEDNESDAY, the Uth, for the
Country and ContineeL—By order.
lantic and Great Western ailway, S, Westminster-
Atchambers, V letori.streetß. Westminster, S.W.
Dee. 7, ISSL

DE. DS JONOWS
([night of the Order of Leopold ut Belgium)
LIGHT-BROWNCOD LIVER OIL,
prescribed as the most effectual remedy for
CONSUMPTION. DISEASE OP THE CHEST, AND
OZNERAL DEBILITY.
Universally recognised by the highest medical authorities to be
THE ONLY COD LIVER OIL
lovariablY ANDarunik excellent,
PALATABLE, A EASILY TAKEN.

---
Dr. MS MY. Medical Meer of Health, sad Chief Analyst to
the City of London, Kee: —" In all eases I havee
found set oound Dr. f
De
Jonah's Eight Brown Cod Liver 00 pomessing th
properties, an.ong which the presence of cholaic compounds,
and of iodine in a state of organic combination, are the most
remarkable.'
Dr. LANHIMILIt. F.R.B , Coroner for Central Widdleser, ob-
serves :•—••• I consider the Cad UM 00 sold under Dr. De Jonah's
guarantee to be preferable to aay other kind as regards pnuMo
Dela and medicinal arcsay.'
Sold only in capsuled Imperial Hanta, 2a. : Pints, iv. Oda
Quarts, 9*. ; by respectable Chet:nista
Sole Consdgeees :
Ar3AR HARMED and CO., 77, Wreak Loadom, W.C.