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 ungines admitting of
grt at.y increased ccon,my in consum ti on of fuel, make it
evident that er.- long all the valuaule trade f the world will
be conveys d by sere v steamers. which, whit,. worked at a
an certainty
moderate cost, ensure rep'. aritof nes ateh
an of arrival not attainable by the lastsst clipper
sailing ships.
The Mediterranean, American, and West Indian trades are
now almos exclusively carried ou by unsubsidised screw
steamers, and the resul of the established lines, such as the
" Inman," " Bibby," &e,, has been highly remunerative to
the shareholders.
This Company has been formed to establizh a line of steam
communication between England, Brazil, he River Plate,
and the West Coast of :oath 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
Vie voyage in 35 to 40 days from Liverpool to Valparaiao,
calling at Madeira, St. Vincent, and Monte Video, prove the
feasibilit' of this route.
'I he vast extent of trade with the countries with which thi
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

The impor a 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
15,000 ton;
a[e about
09 ft
3, Regulus 25,000 „
11 Copper ore
It

The annual expartation of produce from
Chili alone is valued at upwards of ......£lOO,OOO 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 1 ne of screw steamers of power suffi-
cient to ensure certainty of quicK pass iges, and of capacity to
take large cargoes, affording at the same time accommoda-
tion for a yearly increasing passenger traffic to Brazih a.id
to the West coast.
The Compimy will commence operations with six sere v
steamships of ?,2'o tons and 300 horse-power each shaving
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 Live-pool leo 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 guaraute d to steam 10 knots, and, be-
ing fuPy 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
Do. Valparaiso ...........
Do. Lima 60 „
The average passage of sailing ships to the West Coast be-
ing over 9.) 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 tiben,l concessions will be
obttined, not only from the Chilian, but also f om the Peru-
vian, Argentine, and Brazil Governments, which will tend to
facilitate the opera ions of the Company.
The expense of working such aline has been carefully gone
into, and every confidence is felt in recommending this scheme
as possessing elements equal, if not superior, to any mercan-
tile steam line from England.
The Pacific Company, though on yconr ected indirectly (via
Panama) with England, commenced in 180 with four small
steamers, h ve now a fleet of 17 vessels of great power, pay
very han some dividends, and their shares, which originally
Uwe £5O each, are no v quoted at £Bl, whilst in no trade
have sailing snips lef , more profitable results than in that of
the est Coact.
The services of a firm w(11 acquainted with the trade, a d
the m..nagement of screw steam rs, have been secured on
salstactory terms, and the business of the Company will
be conducted on the most economical scale cous stent with
efficiency.
No promotion money will be p,iid for origi.-ating this Com-
pany, but the preliminary expenses will be confined to necea-
sary disbursements only.
The ,rticles of association maybe seen at the offices of the
solicitors to the Company.
Applications to, shares must be accompanied with the pay-
ment of the deposit of XL per share. In case the amount so
pa d excced £2 tier share on the number of shares allotted,
the surplus will be returned ; but should it full short the
balance must be paid within the time to be stited in the let-
ters of allotment, otherwise the allotment will be cancelled
and the deposit forfeited.
Forms of app 'cation for shares may be obtained from the
bro ers, and at the temporary offices of the Com,anY.
In cases where no allotment is made the deposit will be re-
turned in full.

FORM OF APPLICATION FOR SHARES.
(To Le re' ained by the b iukers.)
To the Directors cat the British and South American Steam
Navigation Company (Limited).
Gentlemen,- -Elay;ng, 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-
be, s 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 Compan fu
y. rther
autho, ise you to fbrward by post, to my address as below, the
certificate ter any shares which may oe allotted to me.
Name in full .................
Residence
Firm (it any)
Profession or business
Place of business
Date ..ti..... ti....•