The Express.
London, England, 1867-11-11 00:00:00

PROOSPI II'S.

The President of the Republic of Honduras, being duly autho-
rised, has given full powers to Mona. Victor Hermit. Minister at
Par* and Senor Don CarlusGetierrez, Honduras Minister In Lon-
don, to contract on account of the Government a Loan, to be ap-
plied towards the construction of an Inter-oceanic Railway from
Puerto Cabanas, on the Atlantic, to the Bay of Fonseca, un the
Padflc.

-
To show the importance attached by the British Government
to the Homlunut I nteroceenic Beltway. it may be stated that the
line has been surveyed on the part of her Majesty's Government
by Lieutenant-Colonel Stanton, It E., and a detachment of Royal
knassn sent out for the purpose. Colonel Stanton reports
•• that the harbours at both termini are unexceptionable," and
that the road can be constructed " without any sharper curves
or heavier gradients than are to be found on existing lines
over which Locomotives work without didlculty."
The now treaty between Honduras sad Great Britain declares
that—

" In order to secure the construction and permanence of the
route or road herein contemplated. and also to secure fur the
benefit of mankind the uninterrupted advantages of such com-
munication from sea to sea, her Britannic Majesty recognizes
the rights of sovereignty and property of Honduras In and
the line of the said road, and for the same reason guarantees,
positively and efficaciously, the entire neutrality of the same
And when the proposed road shall have been completed, her
Britannic Majesty equally engages, in conjunction with the
Republic of Honduras, to protect the same from Interruption,
seizure, or unjust confiscation. from whatsoever quarter the
attempt may proceed."
Treaties signed by the Honduras Government with France and
the United States contain the same provisions, and the French
Government, considering the public utility of the Honduras
Railway, has promised the ofticial quotation of the Honduras
Loan on the Paris Bourse.

Theloliiiiitoolciiirnpart by Rear Admiral Davis, made to
the 4cretary of the Navy of the United States Government, in
oomplianrn with a resolution of the American Congress on the
19th of March, 1866, demonstrates likewise the importance which
the United States Government attaches to the construction of
the Honduran line:

•• The reader who follows the coarse of the surveyors. natu-
ralists, and geologists from the capacious, safe, and excellent
harbour of Puerto Caballos, through reefer), remarkable for their
salubrity, fertility, great variety of climate and production., and
valuable mineral resources to the waters of the splendid harbour
of La Union 'Hay of itonaeca', cannot but regret that capitalists
have not found it to their interest to carry out one of the most
cilsing end one of the least emberrassing enterprises of the
e line of railway has been carefully selected and surveyed by
31r. Trantwine date engineer.in-chlef of the Panama Itallway)
and an efficient staff, and a contract has been entered into fur
the construction of the whole line, with stations and rolling
stock, for a stipulated sum of about mv,ooo a mile, including
every outlay, and the woks are to be proceeded with in sections.
From time to time, as the instalmeuts of the present leen are
received, the proportion to be applied to the construction of the
first section of the railway will be handed to and held by trustees
to trust, to lacy the contractor the instalments on his contract, as
certified by the government engineer. The balance of the loan
will be applied in clearing the forests, and in payment of engineer.
lug and other incidental expenses.
The interest and sinking fund of the loan are specially gua-
ranteed by a first charge upon the Intruded railway limit and its
revenue, and also by a first mortgage upon the whole of the I
domains and mahogany forests of the state of Honduras, which,
acct.', ling to official report, are of immense value.
It is arranged that the whole of the produce of the above mort-
gaged state domains and forms shall be consigned direct to Lon- I
don by the Honduras Government to Messrs. Bischoffsheim and
Goldschnildt, who will pay over the proceeds of the sales towards
the annual Interest and sinking fund, and the constructiou of the
remaining sections of the railway.
It has been further arranged in the contract, that, so loon as
any portion of the railway is completed, the contractor shall
bring down to the terminus, free of charge, by the return empty
wampum, any produce of the government forests and domains
that may be ready fur shipment to England.
Beginning at the harbour of Puerto Cabello', on the Atlantic,
the railway will proceed over the table land of llooduras—lu a
line of f9O miles to the Bay of Fonseca, ou the Pacific.
The ports at either end are spacious, safe, and easily accessible
kettle largest ships.
The ste.:7"lmf dLetances from Liverpool to San Francisco, touch-
ing at Jamaica ara way of Panama, 7,030 adies—N icaragua,
7,700 iyik,Thhi.,gep.ve, 7,740 miles—Honduras, 7,340 miles.
The distance between hew York aid San Prancisoo, by
Panama, iv salt miles ; by Iflcarksta, 4,;04) man by Tahiti/OW-
pec, 4,200 miles; Honduras, 4,141 miles—a saving, by way of
Honduras, as compared with Panama, the only line on which a
railway in already constructed, of 1,103 miles.
The dill, reuce in actual distance, coupled with the superiority
of ports, the facilities of embarkation and disembarkation, and
the connexion with the American meat lines, will effect a saving
in time, as compared with the Panama route, of not less than
five clays between the Atlantic and Pacific ports of the t' sited
States.

Thu line will afford the easiest. safest, and speediest route
between Great Britain and British Columbia It will also offer
the increased facilities of fintoiass ports for the establishment
of speedy intereourve with Australia and New Zealand, and will
bring Jamaica, Bente. and other British possessions to the West
Indiesinto the direct line of communication.
Last year the dividend paid by the Panama Company was at
the rate of 24 per cent. per annum on a capital of £1,600,000, in
addition to a bonus of 40 per cent from accumulated profits.
The Honduras line will in all probability return as much profit as
the Panama line, if not tatnsiderably more.
Suftletent of the proceeds of the present Issue will be applied
to the construction of the first section from Puerto Caltaltua to
Patellae°. This section will enable the etportatlou of the
mahogany, ite., to take place : the meansof transport now exist-
ing being too expensive to be remtuterative. t'arefnl estimates have
satisfied the Honduras Government that the surplus revenue of
the State domains and forest. will be amply sufficient to com-
plete the whole tine, without any further true of stock, but in
case it should be found advantageous on account of increasing
traffic, to atoelerate the opening of the railway from sea to sea
by raising more money, further stock will be issued for the con-
struction of the remaining sections of the railway.
The several contracts and other documents can be Inspected at
the office of Mesas. Mutter, Ikea, :Norton turd Co., solicitors, No.
1), Ticttwifigreet, Westuthaster.

Applications for the Loan will be received from Monday,
11th November, to Friday. the 15th November, by the London
and County Bank, 11, Lonthar.l street. and Branches, where
Prospectuses and Forms of Appllcatlen can be obtained ; and to
Paris by Mews. Bisoholisheon, tioldechntidt, and Co.. It, Rue
de la than's& d'Antin. Fa) mtnts mt application for the Loan
MI also be made at the Bank of France and Branches.

HONDURAS GOVERNMENT RAILWAY LOAN FOR
£l,l/00.000.
PORN or APPLICATION.
To be retained by the Rankers.
To the Directors of the London and County Rank.
Gentlemen,—llm tug paid to the London and County Bank the
sum of a: , I hereby request that you will
allot to me net W Bonds of the above
Loan. and I hereby agree to accept the same, or any smaller
amount that may he allotted to me, and to pay the further sum
of £lO per cent on the same when allotted—l am, pattlenseu,
your obedient servant,

81stuiture
A.kham lu tall
Date

BANK of BRITISH)
NORTH AMERICA.
Inoorporated by Royal Charter.
NOTICE 18 HEREBY GIVEN, that a GENERAL MEETING
of the Preprinted of the Bank of British North America will be
held on TUESDAY, the 3rd day of December, 1067, et the
London Tavern, Ilishopagateetreet, at 1 o'clock pm. precisely,
to receive a Report from the Directors and notice is hereby
further given, that at the conclusion of the business of the mid
meeting, the meeting will he made extraurainary, for the pur-
pose of considering and deciding upon resolutions which will
then be subniitted by the Directors for the purpose of altering
the 70th clause of the deed of settlement of the corporation as
to the Investment of the funds of the corporation, and also for
altering the 160th clause of the said deed of eettlement, by autho-
rising the appointment of Inspectors; and also for whiffle:: the
said deed of settlement a clause to be numbered 121 s, ring to
the corporation a lien and power of sale over s of
proprietors who may be indebted to them, and also for
annulling the 131st clause of the said deed of settlement.
and subetituting therefor a clause enabling the Directors at
their discretion to pay dividends to the executors, administra-
tors, or assigns of deceased bankrupt or insolvent proprietor ;
and notice is herby further given, that In case the said resola-
tion• or any of them. are passed at the said meeting, •tartherr
Extraordinary Geueral Meeting of the Proprietors will be held
Oil Tuesday, the I 'Go December, tool, at the London Tavern
aforesaid. at One o'clock pm. precisely, for the purpose of con-
e:ming or otherwise the said resolutions.
By order of the _ .

C. ICNAB. neetetary.
.
124 Ninimintrateotrort Within. Loudon, Nov. HOW/.

TAW% EXHIBMON 871Lif-Cla-3.4-81LiZZ-MiilAl4. 1867.
JOHN BitIX;DEN.

ORIGINAL GOLD CHAIN MANUFACTORY,
N. HENRI MITTAATICRET, COVV,ST4 ARDEN.

JOlll4 BROGDZNI3 18-carat GOLD CHAINS.

JOHN BROGDEN'S GOLD GUARD CHAINS.

JOHN BROGDEN'S GOLD ALBERT CHAINS.

JOHN BROOD/WS GOLD BROOCH CHAINS.

DRICE'S SOLIDIFIED GLYCERINE
(Pateated).—Gold medal, Paris, lBB7.—The Newer{ sad
Leer toga' amp, wears well, glees a rick arid humid latber, is
entirely tree from cocoa nut nil or excels of alkali, asd cantatas
halt its weight of Prke'e itlycerlise.
In ed. snit td. tablets.
PRICE'S PATENT CANDLE. COMPANY (Limited).
Delmont Works, Battersea, 8.