The Sun.
London, England, 1852-07-30 00:00:00

Time.

N°.18,676.]

THE CHIRIQUI ROAD COMPANY, for
the Junction of the Atlantic and •Paciflc Oceans, Poyisionally
Registered under 7 and 8 Vict., cap. 110, to be Incorporatt by Royal
Charter, by which the liability of the Shareholder will beimited to
the amounttof his shares. ,
Capital £200,000, in 40,000 Shares of 15 each.
The first payment (not to exceed 11. per Share) will be Nuked
when?the Royal Charter shall be completed.

,DIRECTORS.

Jonn David Barry, Esq., Director of Orleans and Bordeauißall-

way Company.
James Davidson, Esq., merchant, Walbrook. '
William Brand, Esq.,.merehant. Feneburelr-street.

Colonel Landman, kingEdanq (late ILE.)

William Matheson; Esq., Gillingham; Kent,

Ram W. Rathbone, Esq., Bell Vue; Lancashire.
rames Walkinshaw? Esq., Regent-street. '

AUDITORS.
James Atkinson, ESq., 13, Clement's-lane; Lombard-Street.
J. C. Hardy, Esq., Managing Director of 'National -Assure-net*,
Company.
BANKERS.—The Commercial Bank of London.
Baoxes.s.—Thomas Mol.on, Esq., Austin-friars; Messrs. Field,
Son, and Wood, Warnford-court.
SECRETARY.--James Meg.; F.R.G.S.'
Temporary Offices of the Company, 4, Princes-street, Bank,
• • London.
This Company is formed for the purpose of, connecting the Atlan-
tic and Pacific Oceans by the construction of is plank road acroes the
province of Chiriqui, situated in Terra Firma Proper, in • the Re-
public of New Grenada, under many advantages unattainable by ally
analogous undertaking, especially the essential ones of good terrain-
able harbourage, and safety, facility, and directness of access.
A grant from the Government conferring all the land necessary
for the construction of the road, and all necessary buildings, has
already been obtained, with the exclusive privilege tothe Proprietors of
the road to establish and collect such toll and passage money as they
shall think proper.
The grant is for the period of 60 years ; at the expiration of -that
term the road is to be surrendered to the Governor of the province
as provincial property, and 'the entire =omit of the original ca-
pital accumulated by a reserved fund to be laid aside from the profit
of the enterprise will thee} be repaid pre-rata to the proprietors of
shares. i 3, - -
The termini of the proposed road are in..the Lagoon of Chiriqui, on
the Atlantic coast, aad in the Bay of Chiriqui, on the Pacifie aide.
The harbours and anchorage at these termini are -excellent .
Through the whole line the country is very healthy. The 'coast On
the Atlantic terminus was surveyed by her Majesty's ship Thunder,
and that on the Pacific by her Majesty's ship Herald. These offi-
cial surveys, copies of which have been obtained fromthe Admiralty,
hilly establish the advantages here asserted, and are highly favenr-
able to the proposed enterprise,
Tice toutehali beenVig ,known and used as a provinCial road.
The highestredevealon or the Ilne-of -read-between YyrtnranlTlS
is only 160 feet, and the steepest gradient only 18 feet to the mile.
The distance from the Atlantic to the Facile in a direct' line" IS
only 40 geographical miles, and the length of wood will not exceed 50
miles. The facilities for its construction are very great.
The Chiriqui road may be open for traffic in one year, and in fall
working order within 18- months from the period of its commence-
ment. When completed the whole distance may be travelled within
eight hours.
This route is in the most direct line from Europe to the colonies of
Australia and New Zealand, and as the route, for the California emi-
gration, it is far superior to either the rename or the San Juan de
Nicaragua. It must also insure the transit of merchandise con-
signed
to and from the west coast of America, both north and south.
and' a considerable portion of the Specie from the same coast. A por- •
tion of the trade between Great Britain and Australia and New Zest.
land, and that of the other islands of the Pacific, may also be fairly,
calculated upon. A considerable portion of the gold procured in Aus-
tralia will be transmitted across this route. Notwithstanding the
existing difficulties npwards.of 100,000 persons crossed the Isthmus of
Panama during the last year, and it is computed that the in-
creased inducements and facilities for trade and emigration fur-
nished by new lines of steam-ships will vastly increase the amount'
of traffic and travel across the Isthmus, placing it beyond doubt
that this undertaking will produce immense returns.
The amount of capital necessary to complete and open the road in
perfect working order will be only 200,0001., and the revenue to be
derived from it, computed from the sauces above indicated, will
yield a net profit on the entire capital of about 80 per cent. after
making a very liberal deduction for expenses, and also laying aside
a reserve fund sufficient to replace the original capital, and provide
for any unforeseen contingencies., -
In submitting this undertaking to the public, the Directors deem
it unnecessary to enlarge oa its importance, or the vast advantages
and facilities which will be given to commercial intercourse by a
safe, speedy, and economical means of intercommunication, with
excellent harbours adapted' to all purposes of trade, between the
Atlantic and Pacific Oceans. They are permitted to state, as a
gurrantee of its feasibility and realisation, that the Messrs. Waring,s,
of London, railway contractors, are ready to undertake the con-
struction of the road at the estimated cost, and will immediately at
their own expense send their surveyors and staff to the locality to
eesatisfactioncz.,ehdarted e
too f
theo
Incorporation,announcingrequest
of
by
tthh
eawt
ph herceh-
make the final survey.
me havet
havethe
maTjhesetyDsioorecrernrs
meters for the grant of a Royal
the liability of the shareholders will be limited to the amount of
ems to be made to the brokers of the Company,
their shares, and no payment will be required until the Charter shall
hat the temporary offices of the Company; No
ohaverApplicationsto bthe completed.een Secretary,s
4, Princes-street, Bank, London ;
maps,whe remseawilsno
the
eay be obttined.
also thete routes,
prospectuses, with accompanying
and the
situation of the
proposed route relative to the Panama and Nicagr
proposed Tehuantepec and other. routes, asrelative distances
of these routes across.the Isthmus of Central A
dis-
tances to San Francisco, and to Sydney (New South Wales), by New
America, and the
Zealand, from England,l,,,lew York, &c. •
JAMES
MACQUEEN, Secretary.
To THE DIRECTORS OF THE CUIRIQUL EOAD COMPANY,
von THE

- • JUNCTION OF THE ATLANTIC AND PACIFIC OCEANS.
Gentlemen, —I hereby apply for parts or shares of M.
each in the above Company, and agree to aceept the same, or such
lesser number as may be allotted to me, and to pay the amount
thereof by instalments when required so to do.
Dated this day ofJuly, 1852. •

Name • ....
Address •• • • •••• • •..
Occupation •• •• •• •• •• •••..........
Reference and address.. • • • .

SECURITY TO EMPLOYERS.
TO SECRETARIES OF PUBLIC INSTITUTIONS,
CLERKS, STATION-MASTERS, RAILWAY OFFICIALS,
BANKERS' CLERKS, TRAVELLERS, AND OTHERS.
TIMES LIFE ASSURANCE and
GUARANTEE COMPANY.
_

—. .
32, Ludgate-hill, London.
• GUARANTEE FOR FIDELITY OF TRUST. .
' PIIFITS DIVIDED.
RATES—From Is. 6d. per cent. upwards. No charge for Stamps
An allowance made in the Guarantee Premium where a Life As-
urance and Guarantee are combined.
LIFE ASSURANCE.
Policies Indisputable save in cases of Fraud.
Arrangements can be made with this Office to prevent the loss of a
Policy where the Assured is unable, from temporary embarrassment,
to keep up the payments.

71. B. SHERIDAN.
TIMES FIRE AND PROPERTY ASSURANCE COMPANY.
Every description of Fire Assurance. Profits Divided.
Agents Wanted.
H. B. SHERIDAN.