The Express.
London, England, 1865-05-13 00:00:00

pool)
Wm. Carter, Esq. (Joseph litoblnion and Co., Laurence Pountne).
hill.)
John tants, Esq., M.P., Director of the Bank of Ireland.
P. a Iflserher, Esq. (Alexander Fleteher and Co., 10, Ring's
Armayerd.)
S. G. CHUN, Bey., N.P. fur Belfast, thisloweenare.
W. IL Lindsay, Esq. (Mtwara. H. H. Mien and Co., Bir-
-B.ll.loriq , Bowling Ironwodm, Bradford.
Albert Froardo. yrq., Angel-court, Throgmorton-street, Director
of the Narked Bank.
Robert limp" Op. (Frederick Lorick and Co.), Charlotte-
row, and Cwm Colin Ironworks.
Wins.
London—The Nettonal Bank.
Liverpool—The Widest Bank of Liverpool.
Mancheeter—Tbe Manobeetee and Liverpool District Bank.
Ireland—The Bank of Ireland, and Its Branches.
„ The Branches of the National Bank.

The Intarnationara=l Company (Mmtteet.
MU/1W
George Parker Bidder, Bag., CR.
John Mortimer Hempel, Iraq., C.I.
SOLICITOIII.
Mews. !grahams, Dalrymple, Drake, and Co., Parilamentatreat.
Mears, Baxter, lase, Norton, and Co., Vialorisedreet.
=aka&
London—Meagre. P. Cazenore and Co., ThreelmedMatreet.
„ Maus. Seymour an 4 Co., Throgmortongtreet.
iliii=tellessn. Thomas Tinley sal *ma
Messrs. Warner and Page, Stamp Ofilee-bolidthp.
Dabiln—geward To; Yam., DameatmeeZ
11110111TAST—B. A. Saalih, raci.
Mow gq Cammangereg West, LC.

This Compaq is formed tor the country:lion and 'madam of
two lima of railway in Pero—ems to camera the seaport of hem
with the town of Yca ; the other to connect the city of Arequipa
with the pert of Mete.
Tor the ocederactem of these railways the Government
of Pent bare posted medal isencessions, and • gaareathe of
booms, which would appear exorbitant, If were sot that the
statistics of the existing tragic have satisfied the Peruvian Go-
vernment that the railways, when at work, will yield returns
which win not only relieve the government of the charge tor
their guarantee, but far armed the sum required for that pur-
pose.
The Peruvian Government guarantees for the period of twenty-
are leers—ar until the railways have produced, over and above
the cost and provision for repair, renovation, and malnienance
for the gam of two consecutive years„ dividends at the rate of 7
per cent per annum—an income of LUB,B/0 per annum, charged
apes the public revenues of the State, sad truther secured by
hypothecation of the guano shipped to Ituropean States. The
ormoessions for the railways contain the usual provision for re-
imbursing to the government (out of any surplus profit exceed-
ing a 10 pm cent. per annum dividend to the shareholders) such
rams, U any, as may have been paid by them to cover than
guarantee.
The conotadons of these lines of railway from the Government
of Peru Is foe a period of ninety-nine years from the opening of
the railways. • salicient sum will be set apart to form • Link-
ing rand for the rO4OlOOlOO of the whole capital, at a premium
of LlOO par cent., to be operative yearly after the lint tweet
years of the working of the railways. The shares so
to be altogether cancelled, end the dividends which would other-
wise be payable on such shares to carne to and form part of the
sinking fund. After the first fifty years the priced which shame
shall be redeemed and cancelled s
hall be regulated at such higher
or other price than ZlOO per omit. premium as the state of the
Molting fund shall warrant.
When it is borne in mind that the Peruvian Government Loan,
beefing 4i per cent. per son= interest, previous) borrowed on
the tame security, is rapidly in the course of extinction, It will
be rialto evident that, irrespective of the prospect of a much
=
rate of dividend being realised from the working of the
, the nature of the security should obtain a ready market
to the shares of theCompsny.
The prospects of revenue from the working of the railways are,
however, so peat as to render the government guarantee kin
other respects so important; a feature of but secondary conside-
ration.
The Republic of Peru has • seaboard of nearly LOA miles, and
an area of about 1.0,000 mime miles. There is, perhapa, no
°pantry in the world in which the elements d commercial kinds
with more complete. The mineral products of all kinds
with which ita Interior provinces abound, combined with its long
stretch of cask give It an almost unrivalled facility for the de-
velopment of commerce oa the moat extensive scale. To this
development one obstacle—and one alone—exile; the want of
proper means of communication between the ports and tho inte-
rior country.
Re-
in spite of this obstacle. the large adding trade of the Re-
public is proved by ler coders returns; and that u
having for their idled the remedy for top defect stctittakielthiaM
be restariarattve Is shown by the working of the Callao and
Lima Railway, which now pays dividends at • rate approaching
Rill per cent, Per annum on the original cost of constrectioa.
The ordinary charge to the conveyance of goods per mile In
Peru is eynal to the chums for the carriage of a like quantity
In Great Britain fourteen miles.
The coestruction of the railways to be undertaken by this
Company will ratablialt communication between Important
centres of commerce In the Interior and the proper ports on the

The Un. from Melia to Arequipa la laid out to serve the tragic
which at present takes the route from the latter city to the port
of ligay, a route which fauns the main channel of communica-
tion from the oust to the districts of Arequipa, Paso, and
Cuzco, and the northern portion of Balvis.
The connection with the last-mentioned state is Important, u
the establishment of a system of railways suitable to its own
wenn; In now a subject of serious attention. The railway now
LT or ed
would form one of the main outlets of any such system
coot of the Pacific, • circumstance which alone must
ware it a considerable additional frame of the moat remuners.
tire description.
The railway from Ptsco to Tea is proposed to be constructed
under conditions analogous to those of the Callao and lima tine
already ref erred to.
Prom the easy character of this line, and a large existing
traffic in the distaict to be traversed, it is evident that the
net revenue most greatly exceed the guaranteed mount.
The lengths of the proposed lines are as follows
Neils to Arequipa
Piece to Tea se

Total UM miles.
A contract foe the construction of the lines haa been entered
into with the International Contract CompanyLimi
(ted), ac-
cording to the estimates of Ci. P. Bidder. E C.E., and I. M.
H empel Teo C.E.
In sa;ordasice with the terms of each coneension the Company
will he converted into a Societe Anonyme with shares to bearer,
or, if necessary, into two &wields Anonymes.
The capital of Soeittri Anonyme, or Societe' Anonyms,
will be 1.3,360,000, to be issued in shame and bonds.
Tbe present Company has been formed u a Limited Liability
Company, the shares in which will be exchangeable for shares
of a like denomination in the Societe Anonyms
Copies of the articles of association, of the contract, and of
the acts of concession, with trendationa are open, at the odium
of the Company, for inspection by parties desirous to become
subscribers, so t they may make themselves acquainted with
all the provisions end conditions of such conoemiona
The deposit paid on application foe shares will be forfeited and
the allotment cancelled in cares where the further payment on
allotment is not duly made in accordance with the terms of the
allotment letter.
Applications few shares mast he made in the annexed form, ad-
dressed to the Directors . but no application will be considered
sakes accompanied by the receipt of one of the bankers of the
Company for CI per share on the number of shares applied for.
TMs sum will be returned in the event of the application not
being acceded to.
PERUVIAN RAILWAYS COMPANY (Limited).
PONY Of APPLICATION POIL MAUL
(To be left with the Bankers)

No
To the Directors of the Peruvian Railways Company (Limited).
Gentiemen,—Ravlng paid to the Bank
the sam of being LI per share en shares,
I request you to allot nee shares of Me each Is the Peru-
vise Rattner' Company (Limited), In conformity with the pro-
spectus issued by you, and I hereby agree to become a member
of the Company, subject to its articles of amociardon end regu-
lations, and to swept each shares, or any leo number that may
be allotted to me. and to pay the further sum ➢due on 11110thient
theeeof, and I request that my name may be placed on the re-
Mater of mensben in respect of the shares allotted to me.
I am, Gentlemen.
Your obedient servant,
Name In full
Address In full
Reference

Tonne of applkation for shares sad seseosetases my be bed
at—The National Sank, London , tbe -Ntional Bank of User-
Pool the Bank of Ireland, and its several branches, Ireland
the branches of the N4fonal Bank. Ireland , at the officee of
the Brokers of the Company , and at the offices of the Interna-
tional Contract Company, BS, Clump-street Weal. loodoo• B.C.

BARLOW'S PATENT CASK STAND a new
invention. so admirably ocetrivid that abon, as I
well ea moaner cask; may be raised or Intel on It without
labour or amain Its action la so Impalpable that the sadbarat
al the most tlesp 4 Oad by so possibility can be distorted.
Rios a, 12a., la. to suit 4. f. and 18 gallon osaks.
BARLOW'S SELF-ACTING SYPHON TAP.
No vulvas runirod. No more Sat bur or s wins.
Prise ; ditto, aactsoplotA 96. y date oar
SASLOW, patentee, latirimiing Muidoa-11011.11.
Deo tbat his wan aid all othusare
erciiona balances. Mammal; IrutTrYitaialiall"lBsl

IF YOU TRAVEL, send for RUSSET. small,
and Co.'sILLDBTYATEDCATALOOOEd POZTKAMBAIIII,
Trunks. Bags. end every ether travelling readmit& Also Meld.
Marten and Opera GLUM. =rivalled for catenate, and cheap-
naer.-41111, New Orterd.street.

IQOWLANDS' MACASSAR OIL.
nag siesta% tnegrent. M peewit& oil is tatiferoally Is
high repute far De elipeeseisated ewes &Ma the but sixty
years fn promoting the trowtk, reateelag eadbesit the
human hair.
weakpreveettte boat Mad oil er =WA
strengthen hair, abeam b beet scarf rad
tubas tt hemellhay sun.goltsble. sad glossy. Per &Gem ft le
9:l=l"recommended. as lessafed the lade a! • lesidifel bead
rlalle Ue irdeodorAke Wefts worsen of royally, awl the
high esteem It which Lt la admen: held. with atmeessisl ter
tbseabas eaartattly recessed of am eaosey, eased Use bed awl
eared mete al seatts.--Prtos Os. 20• opal to
tour .s.a. sled 211. pee bottle.—flold at as. idtatordmisake
drimills and pertaloses.—lisk ardersig