The Sun.
London, England, 1864-11-30 00:00:00

THE IMPERIAL MERCANTILE CREDIT
ASSOCIATION (Limited).
Aro authorised to receive applications for £2,800,000
Certificates of Debenture of the
ATLANTIC AND GREAT WESTERN RAILWAY
(New York—Pennsylvania—Ohio).
Of which
Ono Million Two Ilundred Thousand Pounds
have been already applied for.
These Certificates will be issued at £9O for £lOO, to be
redeemed at par, (L 100) in British sterling, at the end of
three years, with Interest at 8 per cent. per annum, payable
half-yearly, on the 15th of May and 15th of November in
each year, the payment of the Interest in London being
guaranteed by
CONSOLI DATED BANK (LIMITED),
LONDON,
And payable by them in British sterling.
TRUSTEES.
Samuel Gurney, Esq., M.P.
John P. Kennard, Esq.
Charles Mozley, Esq.
BANKERS.
The Consolidated Bank, London and Maaehester.
Messrs A. Heywood, Sons, and Co., Liverpool.
SOLICITORS.
Messrs Froshfields and Newman, Bank-buildings, Lon-
don, E. C.

BROKERS.
Messrs Joshua Hutchinson and Son, 15, Angel-court,
Throgmorton-street, London, B.C.
E. F. Satterthwaite, Esq., 38, Throgmorton.street, Lon-
don, E.C.
Messrs. T. Tinley and Sons, 44, Brown's-buildings, Liver-

pool.
Messrs. Shore and Kirk, 14, St. Ann's-Equare, Man-
chester.

The Imperial Mercantile Credit Association (Limited),
are prepared to receive Subscriptions for the above amount
of Certificates of Debentures, of which £1,200,000 have
been already applied fur.
The total bonded debt over the whole system of the At-
lantic and Great 'Western Railway is £3,600,110, and with
the exception of proceeds of bonds £1,755,070, held by the
public, the line has been constructed with funds advanced
by capitalists, whose anticipations of profitable results have
been tar more than realised ; the railway, although only
partially developed, exhibiting returns of traffic and re-
venue which may without exaggeration be designated un-
exampled.
When this undertaking was projected, it was found neces-
sary to obtain powers for its construction from each State
through which it would pass. This compelled independent
organisations and separate financial arrangements • the in-
convenience attending which has become so manifest, that
it is determined to consolidate the whole line under one ad-
ministration. Pending the completion of legislative enact-
ments, it has been resolved to issue Sterling Certificates of
Debenture, payable in three years, bearing interest at 8
per cent. per annum, which interest is guaranteed by the
Consolidated Bank ; and the Principal secured by a deposit
with the Trustees of Bonds and Shares amounting at usual
exchange to £1,230,493.
The Bonds and Shares so deposited will be kept at the
Bank of England, in the names of the Trustees, and the
Form of Declaration of Trust to be executed•by them may
be inspected at the office of Messrs. Freshfields and New-
man,
The Certificates of Debenture are in sums of:£100, £5OO,
and £l,OOO each ; with Coupons attached for interest at 8
per cent, per annum, payable half-yearly. The interest
for the, whole term will be guaranteed by the Consolidated
Bank, with whom sccuritig mtv lwru
The price of issue is fixed at 90; and the instalments
are payable as follows:

5 per cent on application.
10 111 allotment.
10 ~ 17th January, 1865.
15 ~ 17th FebruAry, „
15 ~ 17th March,
17 17th April,
1$ ~ 15th May

leaf; coupon f 4 per cent.
due on that day.

90
The Certificates will be paid off at par, on sth Novem-
ber, 1867.
Tho interest on the investment, including the redemption
at par, is upwards of 12 per cent. per annum, exclusive of
interest on deferred instalments.
Subscribers have the option of paying any or all of the
instalments in advance, and will be allowed a discount of 8
per cent. per annum on such payments.
After allotment, scrip will be issued to "bearer." On
payment of the final instalment, the scrip will be exchanged
for certificates of debenture, with guaranteed interest
coupons attached, payable 15th May and 15th November in
each year.

ATLANTIC AND GREAT WESTERN RAILWAY.
NEW YORK-PENNSYLVANIA-01110.

No

FORM OF APPLICATION.
(To be retained by the Bankers.)
To the Imperial Mercantile Credit Association (Limited).
Having paid to the Consolidated Bank (Limited) the sum
of £ , I hereby request you will allot
me Certificates of Debenture of the Atlantic
and Great Western Railway, and I hereby agree to accept
such Certificates of Debenture, or any less number that may
be allotted to me, and to pay the instalments thereon, accord-
ing to the terms of the Prospectus.
I am, your obedient Servant,
Signature
Address in full
Date

THE IMPERIAL MERCANTILE CREDIT
ASSOCIATION (Limited).
Certificates of Debenture fortern X 2,8
Ra00,il(0) of the Atlantic and
Grway.

NOTICE IS HEREBY GIVEN, That no further Applica-
tions for these liebentures will be received after SATUR-
DAY next, the 3d December.

By order.
London, 29th November, 1864.