The Express.
London, England, 1858-09-23 00:00:00

THE LEVIATHAN.

Subjoined is a oopy of the official circular, a-
dman to the shareholders in the Eastern Steam
Navigation Company, iu szplanation ot the plan for
transferring the great vessel to a new company. If
we are rightly informed, upwards of 130,000 shares
of 11. each have already been applied for, out of the
330,000 which are to form the capital of the new
company. The formal prespectnscannot be published
until nearly a month hones, in conformity with the
provisions of the Limited Liability Act :

Desr Sir,—l have be pleasure to transm for your con-
sideration the prospectus of a prepared ne it w
company for
perabasimg and equipping the Great liestent, by which rot
well prolve that noun an winded of tarrying out the se-
wittiness passed at the last meeting of the proprietors, and at
the semen thin of avoiding a pubbc 'notion, at which, if no
suitable offer went trade, the effect would be absolutely
nohow, and, under the most fevourable circumstances,
would be eiceedinely prejudicial to your interest..
Tbo =airing efforts of your diameters to raise the ',caitiff*
assount of capital having been unsocomeral, I feel myself
jureitrad in 'synth that the proposed company airds the
best and perhaps the only arena of protect ngg the intonate of
those who an unable or unwilling to sabseribe towards the
completion of the retool, whilst it enables those who an
willing and able to subscribe to do so without incurring this
slightest loos by the seminal obsiage dowsers.
The plan on which the company is projected that witi.-11
wee erailateed by one of your Metal directors, Mr. P.. J. ft.
Campbell, M.P., and favourably tredved by het trait.
ing with thie important moddlcaUra, however, that it does
not involve so large a ascriflos on the pert of those who do
not subscribe.

---iitiprowool----ers of the company have had the elides sad
nemetance of Mr Campbell, who far sight years has, with
Mr. Hope and other directors, devoted so much time and
amnia to your totems& 1 have Mao felt It fey duty to
*id them with my bumble smistaaos, bemuse I have the
meet tersest desire ro see your noble loam-taking completed,
being limn engaged in its prostorks from the 00133MilICO.
rest, sad feeling seemed that roar ship will sot only be a
greet smear In a otemereial point of rum, but that it will
at sees ease a complem revolution in them navigation and
said metorbil aid is eleeephiming and 000soltdating tho
power of this conntry.
Hr. Hope, with • majority of your directors, sod several of
the lames shareholders, have already signified their approval
all the proposed sew reapasy s provisional board bee been
formed for wry in., I's objects into divot, sad I ant deputed
by tars to make this individual appeal, in order to ascertain
how tar they may count me the seeistance of existing share-
holders Mime riabag to the yobbo.
It is peepord to rnrege ire ohms in the new company
lir We dimes la Os aM erspen_ ,y • hat at the row time
giving these al the siring direlishire who may with to
retire the doing is, and ef receiving their propor-
des et the detain meth
The werk/si dr paspred piss be thee filestrated:
—A holder et In shares in the old el
mpany ray avail Mm-
salt et either el the follow options : lie may =range
her alums It 36 shores le the sow company. folly paid up;
or for 1110 ighweem haw psi, eutbiest to mile to the Went of
16s. per sheer whisk ward be his quota; or far 60 sham,
lam paid, sedger to cells to the sass.. of 10s. per share.
The of We Watt is la esereels the disposition of
the ehrei.id se is to Noble dr dimmes% the emitter
at e ,-epenteles, sad dr preireters ad the sew corm:.
bring the solons bikes s moods( of the
hailers ef the Erten errs Maly** Comps=
early dead assand dtheir eseCellleell, end at
17814 from without, to Nadel tie =WNW earn& ; so
•1111ential that no uneweseemy delay disehl take piece, I
have to request that you wlll favour ma with • reply on the
socompanylEg form, on or before B.turday, We' 6th but.,
that day baying been appointed by the promoters to make
,hale lasi arrangementa.—l have, ke.,
(ekgbiid) Igo. TAM.

- - -
fllaee the above waa written a scheme beg been announced
Is des rwpOw4 ander the title of the *. Englieh and
hemerlaea Ship Cornpsay (Limited); this
scams is is ao we, cosesotsd with Ow project ahove re.
dared to, bat es It nay reader 1....1ands In the title of the
CrAlorapsay armesory, I have thought It right to In-
of the sews; and ale, diet Sea the result of lo-
yalties made, It does not appear se amesati frees parties
likely to be able le mass nay 600E4 dr aname &woolly
subwribed in the asinoraniust ef arealatles. Was 31. 10e.
only :