The Sun.
London, England, 1862-04-07 00:00:00

N°. 21,769.

METROPOLITAN RAILWAY CARRIAGE
and WAGON COMPA.NY.(Limited). Completely
registered for the letting of carriages and wagons to rail-
way companies, mineral owners, merchants, and others.
Capital £lOO,OOO, in 13,000 shares of £lO each. With
power of increase ; deposit V. per share on application, and
V. 10s. on allotment. No further calls for three months,
and no call to exceed 3s. per share.

DIRECTORS.
James IL Atkins, Esq., Stoke Newington-green, N.
Henry Elwell, Esq., Handsworth, Deputy-Lieutenant,
Staffordshire.
The Hon. C. E. Hobart, Wimbledon, S.W.
Henry Haymen, Esq., Director of the Bombay, Baroda,
and Central India Railway Company.
James Mitchell, Esq., Director of the Calcutta and South-
Eastern Railway.
James Oughterson, Esq., Bentinck-street, Manchester-
square, and Madras,
Bankers—Messrs. Glyn, Mills, and Co., Lombard-street.
Brokers—London—Wm. R. Hartridge, Esq., 80, Old
Broad-street; Birmingham—John Smith, Esq., 28
Bennett's-hill.
Auditors—Messrs. Deloitte and Greenwood, Public

Accountants.

Solicitors—Messrs. Swift, Wagstaff, and Blenkinsop, Great
George-street, Westminster.'
Secretary—Mr. Richard Stephens.
Temporary offices-13 A Cannon-row, Westminster, S.W.;

and 80, Old Broad-street, City.
Tho progressive development of the resources of the
country, and the extension of the railway system at home
and abroad, have created a demand for railway wagons
and carriages which existing companies cannot adequately
supply.
The metropolis is the leading emporium of the coal trade,
and an already enormous yet growing traffic in goods of
every description, to and from it, is carried on, upon all the
leading lines of railway, by public companies and commer-
cial firms, which, having their chief offices in London, would
naturally seek to be supplied there with the necessary
means of conveyance, if a company existed ready and cap-
able to contract for the same.

The legitimate and profitable employment of capital, in
providing for such wants, is aeon in the result of the opera-
tions of the several joint-stock companies which have been
formed in various provincial localities for the letting of
wagons and carriages to railway companies, mineral
owners, merchants, and others, and the many advantages
presented by the metropolis as the seat of such a Company,
in addition to the actual requirements of its trade, suggest
the formation of the Metropolitan Railway Carriage and
Wagon Company.
The plan adopted by wagon companies in the provinces
has been to contract for their supply of carriages and wa-
gons with some firm whose business it is to construct and
repair them, so that each company becomes bound to the
builder with whom they contract for the construction and
maintenance of its stock. The Company, however (while
reserving the power to build and maintain its own stock),
will open its contracts to the trade, the advantages of which
plan are obvious.
Railway carriages and wagons are usually let on lease,
and their maintenance or repair undertaken by the builders
for a term of years at a fixed per centage on the cost, so that
the net profit, after setting aside an annual sum to meet
depreciation and renewals, may be divided to the full.
The following figures exhibit the satisfactory position of
the leading Companies already established, which have been
profitable beyond the most sanguine expectations, and have
required in every instance an increase of their original
capital ; and, from careful estimates which have been made,
no reasonable doubt exists but that results equal if not more
satisfactory will accrue to this Company.