The Sun.
London, England, 1864-04-21 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 ere long all the valuable trade r f the world will
be conveyed by screw steamers, which, while worked at a
comparatively moderate cost, ensure regularity of despatch
and 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 result of the established lines, such as the
" Inman," "Bibby," ex., 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 Pacific Company's boats, which
in proceeding to their stations in the Pacific, have performed
the voyage in 35 to 41 days from Liverpool to Valparaiso,
calling at Madeira, St. Vincent, and Monte Video, prove the
tv of this route.
feasibility
eviait extent of trade with the countries with which thii
Company proposes to open - communication may be seen from
the following statement:—
The exports of British manufactures to Brazil,
River Plate, Chili, and Peru, in 1863, amounted
in value to .................................... £9,291,150

The impor s from the West Coast, c •nsisting
of bar copper, silver ore, nitrate, wheat,
2:0,000 tons
From Chili the annual exports of bar copper
15,
91 R
000 tons
ate about
99 99 egulus
11
p ga
Copper ore 50,000 "
Norslh cotton,pn &c., employ over
nnually.

The annual exportation of produce from
Chili alone is valued at upwards of ....Pi
..0,C00,000 sterling.
It will thus be seen that a large and
(as yet unprovided with steam for commercial purposes), for
steamers of power the establishment of a 1 ne of screw suffi-
()lent 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 and
to the West Coast.
The Company will commence operatroontistawbilethficslidx existsscrew
steamships of 2,210 tons and 300 horse-power each (having
eapacity for 2,000 tons cargo, 35
days' fuel, and accommoda-
tion for Nto 70 firs. and a similar number of second-Alas
passengers). leaving Liverpool and Falmouth once a month,
calling at Bahia, Rio Janeiro, and Monte Video (taking goods
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 tabulated to
perform the voyage regularly in, say_
(calling at Bahia) 25 days.
Monte Video . 34 ............. .• ~
Do. Valparaiso ... rf,
......... •• ••• . 0. ~
Do. Lima ........................ 60 ~
passage of sailing Rh,
FalDmoo.uth to Rio Janeiro
The average --Ps to the West Coast be-
ing. over 90 days.
pur-
pose e;
iCthlislihanopGeodvtehr:maetnttilliealesaloantg wished to see such aline
established, and some years ago offered a subsidy for the pur-
qofuat 1 lanCanoorn—tmpsup
liberal concessions wid be
obt tined, not only from the
rhiti
--an, but also fi om the Peru-
aennyts., which will tend to
vian, Argentin°, and Brazil
hovern
st!ec., line has been carefully gone
superior, to any into, and every confidence is %/I, in recommending this scheme
commenced in 1840 with four small
faa
as
The l
possessingtaetxe ptehnes
elementsoepoet
working
mercan-
tile steam line from England. _
The Pacific Company, though onlY connected indirectly (via
steamers, have now a fleet of 17 vessels of great power, pay
Panama) with England.
very handsome dividends, ancl_their shares, which originally
were £5O each, are now quoted at £54, whilst in no trade
have sailing ships left more profitable results than in that of
the West Coast.
well The services of a firm l acquainted with the trade, and
the management of screw ste, have been secured on
satisfactory terms, and the business of the Company will
be conducted on the most economical scale consistent with
efficiency. ill be paid
No promotion money will P for origin ating this Com-
pany, but the preliminary expenses will be confined toneces-
sary disbursements only.
The articles of association maybe seen at the offices of the
m
solicitors to the Company.
ust be
Applications for shares accompanied with the pay-
ment of the deposit of Li 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 stlted in the let-
ters of allotment, otherwise the allotment will be cancelled
and the deposit forfeited.
Forms of app.ication for shares may be obtained from the
bro,ers, and at the temporary offices of the Companv.
In cases where no allotment is made the deposit will be re-
turned in full.

FORM OF APPLICATION FOR SHARES.
(To be re' shied by the baukers.)
To the Directors (,t the British and South American Steam
Navigation Company (Limited).
Gentlemen,--Having, paid to your bankers the sum of X ,
being a deposit of per share on shares in the above
Company I hereby request that you will a' lot me that num-
ber ; and agree to"aceept 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 a,lotted ; and I agree to be bound by
all the conditions and regulations contained in the memo-
randum and articles of association of the Company. I further
authorise you to forward by post, to my address art below, the
certificate for any shares which may be allotted to me.
Name in full
Residence
Firm (if any)
Profession or business
Place of business
PAW .... .