The Sun.
London, England, 1865-09-11 00:00:00

AGENTS.

In London—Messrs. J. Henry Schroder and Co.
4.4 Havana—The Bank of 'Commerce, Francis Fraser,
Esq., Manager.
...This Company was formed in 1857, obtained its conces-
non the same year, and in 1861 the main road was cora-
ttoted from Regla, in the Bay of Havana, to Matanzas, a
watance of 54 miles.
sine then branch lines of considerable value have been
constructed.
thiB he cost of construction to this date is £1,056,000 ; of
eu £448,000 was raised upon shares subscribed in the
island.

X 50,000 was raised in London, in 1861, by a first mort-
kege loan, bearing 7 per cent. interest, and repayable by
operation of a sinking of £25,000 per annum, com-
ketteing 1867, which will redeem the entire loan in 1876.
„100,000 was similarly raised in 1863 for the construction
iwo branch roads, secured by a second mortgage on the
bc't?d, and guaranteed by the Bank of Commerce, repayable
the operation of a sinking fund: of £4,000 per annum,
e(Thaniencing in 1873.
h„gconsiderable portion of the remainder of the capital
the ro been supplied from time to time out of the earnings of
ad.
f:t he results of the undertaking have been very satisfac-
"9, and show the following returns :-
1862 Gross receipts £100,700
1863 • 11 11
1864
411'11865 gross receip •rs from" January to June £93,000
ganist- same period, 1864 82,000
The Bay of Havana and Matanzas Railroad Company
;1h now effected the purchase of the Coliseo Railroad,
ring from Matanzas to Bemba, a distance of 35 miles, a
t.,319 valuable road, and of immense importance to the Bay
i
Ifavana and Matanzas Company, inasmuch as tis in Trect junction with that road at Matanzas, traversing a
bustlict rich in sugar produce ; and being connected at
'el:l*a with the Cardenas and Jucaro Railroad, becomes a
lection of the central road of the island, which will very
ahertly reach Villa Clara by the completion of the Car-
denas and Jucaro Railroad.-
°ll heows returns of the traffic of the Coliseo Railroad are as
4

1860 Gross receipts £49,100
1862 lf 9,
1864
411(1 thereturns of 1865, from Jan. to 20th May...£49,000
"'Mind 1864, same time 45,000
kTo complete this purchase, the Bay of Havana and
batanzas Company desire to raise a loan in London of
, 0,000, bearing interest at 7 per cent. per annum, pay-
? half-yearly in London.
see city for this loan, the Bay of Havana and Ratan-
-61 Railroad Company will effect a first mortgage on the
e 0 Railroad, its rolling stock, appurtenances,.and all
I.°l3orties; and also a mortgage on the Bay of Havana and
4,tanzas Railroad and its branches, subject only to the
L'sting mortgages of £350,000, of which the first mort-
ry of £250,000 will be paid off entirely in 1876, by the
itration of the sinking fund which commences in 1867.
The
property thus mortgaged is as follows :
/e„110 Coliseo Railroad to be purchased out of the proceeds
hie
loan, producing a gross revenue in 1864 of £71,200.
b:1-110 "Bay of Havana and Matanzas Railroad and its
1846/Itches, csstun' g£1,056.,000, producing a gross revenue in
of £143,000 (subject only to the above-mentioned
—eltgagos)
sit Will be noticed that the revenue of the Bay of Havana
flld Matanzas, a's well as that of the Coliseo Railroad, has
eoer some years been steadily increasing at the rate of 20 per
,ilut• per annum, and it is beyond a doubt that the amalga-
,‘ Pion- of the two roads, by a natural increase of traffic and
lriZr sav g2f.expe ditureeiinal istPififtf-gifinititZa
.or the coming year at £250,000 gross, or fully £lOO,OOO
Ilea revenue.
For the repayment of this loan a sinking fund is ar-
tjtged for, whereby £20,000 is to be paid off annually,
I,lt,h.ev by the purchase of bonds or public drawing, its 0pe-
,..-'uon to commence in 1877, by which time the first mort-
gage loan of £250,000 will be entirely redeemed.
te't he Bonds will be issued in sums of £lOO, and bear in-
tbrest coupons, payable 10th June and 10th December, at
"e„,oonnting-house of Messrs. J. Henry Schroder and Co.
he first coupon will be payable 10th June next.
10..'L he 'subscription price is 90 per cent., payable as fol-
wl3:__
£5.. on application.
,s 5 .... .. ......... . on allotment.
... . .......... on 10th November.
£3O Os.
-Less 0 14s. interest at 7 per cent. per annum upon
29
es
previous instalments.
Merest onecember.
h. rest at 5 perr cenlott.h D
per annum will be allowed for pro-
rgYineut of any of the instalments.
4PPlimtion for an allotment to be made to
Messrs. J. HENRY SCHRODER and Co.,
145, Leadenhall-street ;

or to the Brokers—
Messrs. LA.URENCE, SON, and PEARCE.
No. 7, Angel-court, Throgmorton-street.
145, Leadenhall-street, London, Sept. 7, 1865.

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hkiztaoits, ORPHAN GIRLS' SCHOOL and
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PATRON —The QUEEN.
Cztbks
TRUS.
". the Hon. Francis Maude,TEES The Rev. Canon Champliga
I Thomas Baring, Esq., M.P.
TREASURERS.
CL. Bevan, Esq. I Robert Hanbury, EBq.
8 Institution is designed to supply a great nation al
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CHARLES NASH. Sec.

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