The Sun.
London, England, 1865-11-20 00:00:00

N°. 22,908.

this undertaking render it desirable to provide for the
doubling of the line, and the estimated mean profits avail-
able for dividend, if distributed upon such increased capital,
will give nearly 13 per cent. per annum.
The authorised capital of the Company is £300,000, in
15,000 shares of £2O each, and £lOO,OOO Debentures.
The Subscribers for the 14,000 Shares new offered will
be required to pay as under:—
£1 on Application.
£4
on Allotment.
£5
21st December, 1865.
£5 21st March, 1866.
£5 21st June, 1866.

£2O
The Subscribers will be entitled, on payment of the £4
per Share on allotment, to a Scrip Certificate in respect of
each Share subscribed for.
When the whole amount of £2O has been paid on each
Certificate, the holder will be entitled to have the Share
transferred to him in exchange for such Certificate.
The non-payment of any instalment will render previous
payments liable to forfeiture.
The Subscribers will have the option of - paying up in
full. Interest at the rate of 6 per cent. per annum will be
allowed on prepayment of instalments.
The holders for the time being of the capital now offered
for subscription will have the valuable option of taking at
par pro rata the proposed Preference Capital of £300,000.
Application must be made on the form annexed, and ac-
companied by payment of £1 per Share (without which no
application can be considered) to Messrs. Smith, Payne,
and Smiths.
In the event of no allotment being made, the deposit paid
will be returned forthwith without deduction ; and if less
than the number of Shares applied for are allotted, the
sum paid will be applied towards the amount payable on
allotment on the number so allotted.
Prospectuses, with maps, plans, &c., may be had of
Messrs. Knight, Dale, and Co., 1, Royal Exchange Build-
ings, and at the offices of the East and West Junction
Railway Company (C. Banks, Esq., 'Secretary), 3, West-
minster Chambers, Westminster, S.W.
Nora.—The above calculations are based upon the pre-
sent requirements of London, viz., 5,600,000 tons, increas-
ing 500,000 tons annually, of which it is assumed the East
and West Junction will secure the carriage of at least
1,000,000 tons at.fd. per ton, the very lowest rate charged
by other companies which have no return traffic upon any
portion of their line ; but one farthing may be taken as
substantiated as a remunerative rate without a return
traffic upon the testimony of the highest authorities, at
which rate the South Wales coal fields could send coal to
London at least 2s. per ton less than the freight from New-
castle by sea, or the railway tolls by any other system.
Thus it is plain that the amount carried must be speedily
increased by a large proportion of the seaborne coals, now
amounting to 3,000,000 tons annually, seeing that the rail-
way is a preferable means of carriage.
There is no doubt also that if fd. per ton per mile be
found practicable, it will prove cheaper to send to the Lon-
don Docks for shipment the steam coal required for expor-
tation, in lieu of sending the vessels from London in ballast
to load at Cardiff and Newport, and to supply this demand
alone another 1,000,000 tons of coal will bo annually sent
from South Wales to London.

FORM OF APPLICATION.
£BOO,OOO, in 15,000 Shares of £2O each.
(To he left with Bankers.)
THE EAST AND WEST JUNCTION RAILWAY
COMPANY.

No. --
To Messrs. Knight, Dale, and Co., Royal Exchange-
buildings, London, E.O.

Gentlemen,—
Having
paid to Messrs. Smith, Payne, and Smiths the
sum of £ , being £1 per share, I request you to
allot me of the above Shares, in conformity with
the prospectus issued by you, and I hereby agree to accept
such Shares, or any less number that may be allotted to
me, and to pay the further sum of £4 on allotment thereof,
and the instalments when due, according to the terms of
the prospectus.

I am, Gentlemen,
Your obedient servant,
Name in ful
Usual signature
Address in full
Description
Date 1865.

TE OTTOMAN COMPANY (Limited),
INVITE APPLICATIONS for the CAPITAL{ of
the BANK of TURKEY (Limited).
Incorporated under " The Companies Act, 1862," limiting
the liability of the shareholders to the amount subscrib©d
Capital £1,000,000, in 20,000 Shares of £5O each (with
power to increase.)
First Issue 10,000 Shares.
Deposit £1 per Share on Application, and £4 on Allot-
ment ; where no allotment is made to an applicant his
Deposit will be returned in full.
Cash not to exceed £5 per Share, and at intervals of not
less than three months.