The Sun.
London, England, 1864-04-22 00:00:00

PROSPECTUS.

The rapid development of steam navigation in long voyages
and the recent improvements in marine engines admitting of
greatly increased economy in consumption of fuel, make it
evident that era long all the valuable trade f the world will
be conveyed by screw steamers, which, while worked at a
cAnparatively moderate cost, ensure regularity of des. atch
ant certainty of arrival not attainable by the fastest clipper
sailing ships.
The Mediterranean, American, and West Indian trades are
now almos, exclusively carried on by unsubsidised screw
steamers, and the resulc of the established lines, such as the
"Inman," "Bibby," ,Ic., has been highly remunerative to
the shareholders.
This Company has been formed to establish a line of steam
communication between England, Brazil, he River Plate,
and the West Coast of South America via the Straits of
Magellan.
The recent passages of the Pscifi Company's boats, which
in proceeding to their stations in the Pacific, have performed
the voyage in 35 to 40 days from Liverpool to Valparaiso,
calling at Madeira, St. Vincent, and Monte Video, prove the
feasibility of this route.
he vast extent of trade with the countries with which thi
Company proposes to open communication may be Ecen from
the following statement:—
The exports of British manufactures to Brazil,
River Plate, Chili, and Peru, in 1863, amounted
in value to

The impor s from the West Coast, c nsisting
of bar copper, silver ore, nitrate, wheat,
`wool, cotton, &c., employ over 2^0,000 tons
of shipping annually.
From Chili the annual exports of bar copper
are about
~ 11 ” Regulus 25,000 „
/7 91 Copper ore

The annual exportation of produce from
Chili alone is valued at upwards of ......Z1,C00,000 sterling.
It will thus be seen that a large and profitable field exists
(as yet unprovided with steam for commercial purposes), for
the establishment of a I,ne of screw steamers of power suffi-
cient to ensure certainty of quick passages, and of capacity to
take large cargoes, affording at the same time accommoda-
tion for a yearly increasing passenger traffic to Brazil aid
to the West Coast.
The Company will commence operations with six screw
steamships of 2,2110 tons and 300 horse-power each ;having
eapacity tor 2,000 tons cargo, 35 days' fuel, and accommoda-
tion for 50 to 70 firs and a similar number of second- lass
passengers), leaving Liverpool and Falmouth once a month,
calling at Bahia, Rio Janeiro, and Monte Video (takinggoods
and passengers for Buenos Ayres), thence proceeding via
Straits of Magellan to Valparaiso and Lima.
Arrangements will be made to take cargo to and from
Arica, Islay. and other ports on the West Coast.
The vessels are guaranteed to steam 10 knots, and, be-
ing fully rigged as clipper sailing ships, are calculated to
perform the voyage regularly in, say—
Falmouth to Rio Janeiro (calling at Bahia) 25 days,
Do. Monte Video 3I „
Do. Valparaiso
Do. Lima 6O „

The average passage of sailing ships to the West Coast be-
ing over 90 days.
The Chilian Government has long wished to see such aline
established, and some years ago offered a subsidy for the pur-
pose; it is hoped that at the least liberal concessions will be
obtained, not only from the Chilian, but also f • om the Peru-
vian, Argentine, and Brazil Governments, which will tend to
facilitate the operations of the Company.
The expense of working such aline has been carefully gone
into, and every confidence is felt in recommending this scheme
as posseasing elements equal, if not superior, to any mercan-
tile steam line from England.
The Pacific Company, though on'yconnected indirectly (via
Panama) with England, commenced in 1840 with four small
steamers, h •%'e now a fleet of 17 vessels of great power, pay
very han +some dividends, and their shares, which originally
'were £5O each, are now quoted at £B4, whilst in no trade
have sailing ships left more profitable results than in that of
the West Coast.
The services of a firm well acquainted with the trade, and
the m tnagement of screw steamers, have been secured on
satisfactory terms, and the business of the Company will
be conducted on the most e3onomical scale consistent with
efficiency.
' No promotion money will be paid for originating this Com-
pany, but the preliminary expenses will be confined to neces-
sary disbursements only.
The articles of association maybe seen at the offices of the
solicitors to the Company.
Applications for shares must be accompanied with the pay-
ment of the deposit of £l per share. In case the amount so
paid exceed £2 per share on the number of shares allotted,
the surplus will be returned ; but should it fall short the
balance must be paid within the time to be stated in the let-
ters of allotment, otherwise the allotment will be cancelled
and the deposit forfeited.
Forms of application for shares may be obtained from the
bro ers, and at the temporary offices of the Company.
In cases where no allotment is made the deposit will be re-
turned in full.

FORM OF APPLICATION FOR SHARES.
(To be re' ained by the bankers.)
To the Directors of the British and South American Steam
Navigation Company (Limited).
Gentlemen,--having paid to your bankers the sum of £ ,
being a deposit of £1 per share on shares in the above
Company, I hereby request that you will a lot me that num-
ber ; and I agree to accept the same, or any less number you
may allot me, and to become a member of the Company;
and I authorise you to place my name on the register of mem-
bers for the shares so allotted ; and I agree to be bound by
all the conditions and regulations contained in the memo-
randum and articles of association of rhe Company. I further
authorise you to forward by post, to my address as below, the
certificate for any shares which may DC allotted to me.
Name in full .....................
Residence
Firm (if any)
Profession or business ..............
Place of business ....................
Date ...