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

bONDON must have a Gentleman's SUPPER
and MUSIC BOON " EVAN'S " after Alfred
etlon's Concerts.

KINAHAN'S LL WHISKY v. COGNAC
Tito °vi BRANDY.
e Arated Old IRIS El WHISKY rivals the finest
PuiIIYCFI BRANDY,
It it Pare, Mild, Mellow, Delicious, and very Wholesome.
~_81214 In Bottles, 3s. Bd., at the Retail Houses in London ; by
Rents in the principal towns in England ; or wholesale
at

8. GREAT WINDMILL-STREET. LONDON, W.
.....OPBerve the
ahan's LL RWhisky.ed Seal,"
Pink Label, and Cork branded
nan

141 UTUAL LOAN FUND ASSOCIATION
4. (Inc irporated by Act of Parlianymt, 1810)
14, RUSSET,L-STREET, COVENT-GARDEN,
~.LTINDS MONEY on Personal and other Security, in sums
pZZO to £5OO, to be repaid by instalments extending over
oe. two. or three yeara. The large C tpital of this Associa-
n enables it to complete Its transactions without delay.
-,10 'nquiry or office fees. and strict secrecy observe I, s
YjScounted at short notice. Form sent free on receipt of a
umected stamped envelope.
The Associttion also lends Money for the purchase of a
(Illse by a tenant, or for the liquidation of mortgages, on
IvrMB most advantageous to the borrower.
EDWARD HARPER, Secretary.

V.R.—TOWER,
ALE OF STORES.—By Order of the SECRE-
L." TA RY of STA , E tor WAR—Mr. GEoRGE SPILL-
-is'''. A- ' will SA! by Public Auction, in the Tower, on TUES.
A-PAY. the 26th September, 1865, at 11 o'clock in the forenoon
PI ecisely,lthe following Stares :
Seltpetre Rags. I Old Lead.
Covers, Waterproof, Old Iron.
BI ,nket. Tools
Tents. Iron Boilers.
Canteens, Wood. Iron Grates.
Accoutrements. Old Zinc
Old Copper. Zane Bottles.
litaY be viewed a* the Tower, from 10 to 4 o'clock, the three
days previou. to the day of Pale; and catqlogues may r e IT-,cl
Ilatbe War-office, PAR-Mall, the Tower; and Roy& Arsenal,
Woolwich.

THE IMPERIAL MERr'ANTELE CREDIT
ASSOCIATION (Limitedi.
Capital bubscribed. f. 5,000,000.
Paid up, £500,000.
BOARD OF DIRECTORS.
CRAIRMAN—JOHN CH PMAN, Esq.
Xenophon Ball!, Esq. 1 Capt. J. Gilbert Johnston.
E. J. Coleman, Esq. IG. G. Macaws in, .Esq.
Iry Alderman Daein. W. Scholefield, Esq., M.P.
James Dickson, ' Sir S. D. Scott, "art.
P. D. Radow, Esq. H. D. Seymour, Eqq., M.P.
J. 0. Hanson. Esq. Joseph Thornton, Esq.
G, F. Holroyd, Esq. Alfred Wilson, Esq.
J, G. Hombre, Esq. M. Zarifi, Esq.
MANAGERS.
'Henry J. Barker, Esq., and T. Fraser Sandeman, Esq.
SOLICITORS.
Messrs. Ashuret, Morris, and Co., and
Messrs. Edwards and Co.
This Association makes ADVANCES on APPROVED
SECURITIES.
NEGOTIATES LOANS, and undertakes General Finan-
cial 13itsines..
DEPOSITS received for periods of One Year and upwards,
at a fixed rate of interest and for shorter periods, or subject
to a specified Notice of withdrawal, on terms regulated by
the fluctuations of the general Money Market.
W. C. WINTERBOTTOM, Secretary.
27, Lombard-street, E.C.

BAY OF HAVANA AND MATANZAS
RAILROAD (in the Island of Cuba).
Loan of £400,000 sterling, in Bonds of £lOO, bearing in-
terest at 7 per cent. per annum, payable half-yearly in
Landon.

AGENTS.
1n London—Messrti. J. Henry Schroder and Co.
In Havana—The Bank of Commerce, Francis Fraser,
Esq., Manager.
This Company was formed in 1957, obtained its conces-
oion the same year, and in 1861 the main road was com-
pleted from Regla, in the Bay of Havana, to Matanzas, a
distance of 54 miles.
Since then branch lines of considerable value have been
constructed.
The cost of construction to this date is £1,056,000 • of
this sum £448,000 was raised upon shares subscribed in'the
Ulan d.
£250,000 was raised in London, in 1861, by a first mort-
gage loan, bearing 7 per cent. interest, and repayable by
the operation of a sinking of £25,000 per annum, corn-
7tencing 1867, which will redeem the entire loan in 1876.
£lOO,OOO was similarly raised in 1863 for the construction
of two branch roads, secured by a second mortgage on the
road, and guaranteed by the Bank of Commerce, repayable
by the operation of a sinking fund of £4,000 per annum,
commencing in 1873.
considerable portion of the remainder of the capital
has been supplied from time to time out of the earnings of
the road.
The results of the undertaking have been very satisfac-
tol7, and show the following returns :

1862 Gross receipts £100,700
1863
71
1861
, l,
And 1865 gross receipts from January to June £93,000
Against same period, 1864 82,00Q
The Bay of Havana and Matanzas Railroad Company
has now effected the purchase of the Coliseo Railroad,
running from Matanzas to Bemba, a distanct of 85 miles, a
17erV valuable road, and of immense imrcs.ortance to the Bay
"f Havana and Matanzas Compan,7,:, inasmuch as it is in
direct junction with that road, at Matanzas, traversing a
Pemba with the Car
district rich in sugar pr,,Ctune ; and being connected at
enas and Juo Railroad, becomes a
section of the caniral road of then land, which will very
shortly reach Villa Clara by the completion of the Car-
denas and Jucaro Railroad.
The returns of the traffic of the Coliseo Railroad are as
follows :

1860 Gross receipts £49,100
1862......... „ 7 7
1864
And the returns of 1865, fron'; Jan. to 20th May...X49,000
Against 1861, same time 45,000
To complete this purchase, the Bay of Havana, and
Iktatanzas Company desire to raise a loan in London of
.£400.000, bearing interest at 7 per cent. per annum, pay-
able Lalf-yearly in London.
As security for this loan, the Ray of Havana and Maten-
•as Railroad Company will effect a first mortgage on the
Coliseo Railroad, its rolling stock, appurtenances, and all
iroperties • and also a mortgage on the Bay of Havana and
tatanzas 'Railroad and its branches, subject only to the
existing mortgages of £350,000. of which the first mort-
gage of £250,000 will be paid off entirely in 1876, by the
pera.tion of the sinking fund which commences in 1867.
The property thus mortgaged is as follows :
The Coliseo Railroad to be purchased out of the proceeds
of this loan, producing a gross revenue in 1864 of £71,200.
The Bay of Havana and Matanzas Railroad and its
branches costing £1,056,000, producing a gross revenue in
1864 of £143,000 (subject only to the above-mentioned
mortgages).
It will be noticed that the revenue of the Bay of Havana
and Matanzas, as well as that of the Coliseo Railroad, has
for some years been steadily increasing at the rate of 20 per
cent. per annum, and it is beyond a doubt that the amalga-
mation of the two roads, by a natural increase of traffic and
a large saving of expenditure in the administration, will
produce a far larger revenue, and may be fairly estimated
for the coming year at £250,000 gross, or fully £lOO,OOO
/let revenue.
For the repayment of this loan a sinking fund is ar-
ranged for, whereby £20,000 is to be paid off annually,
either by the purchase of bonds or public drawing, its ope-
ration to commence in 1877, by which time the first mort-
gage loan of £250,000 will be entirely redeemed.
The Bonds will be issued in sums of £lOO, and bear in-
erest coupons, payable 10th June and 10th December, at
the counting-house of Messrs. J. Henry Schroder and Co.
The first coupon will be payable 10th June next.
„L. The subscription price is 90 per cent., payable as fol-
OVirs
on application.
25 on allotment.
30 on 10th November,
£3O Os
Less 0 14s interest at 7 per cent. per annum upon

previous instalments.
29 6s on 10th December.
Interest at 5 per cent. per annum will be allowed for pre-
payment of any of the instalments.
Application for an allotment to be made to

Messrs, J. HENRY SCHRODER and Co.,
145, Leadenhall-street ;

Or to the Brokers—
Messrs. LAURENCE, SON, and PEARCE
No. 7, Angel-court, Throgmorton-street.
115, Leadenhall-street, London, Sept. 7, 1865.

SCIENTIFIC AND ORNAMENTAL PRESENTS.
ORNAMENTS for the Drawing-room, Library,
a • Dining-room, eonsistingot anew and e,egant assort-
et rt
kof VASES, Figures, Groups, Candlesticks, Obelisks, Ink-
Inda. eautiful Tablas, Paper weights, dm, in Italian,
'abut -r, Parian, Marble, Bronze, Derbyshire Spar. ata.
nlPorted and manufactured by JAMES TENNANT. Mine-
iftloeist to her vikiesty, 149, Stand. W.C., London.
Tennant arranves elementary collectlonb ot ROCKS.
R A LS, and FOSSILS, to illustrate the new edition
LYell's Elements of MINERAL will :!-resti) fvailitate
"a interesting study ofOGY and GEOLOGY,
4111 can be had at 9., h. 10, 20, SO, to 5,,0 guineas
bi:RACPICAL INSTRUCTION to Gmor.ouY and KIN
t 1.044 MVCD by NIr.TENNAN r F.G.S.. at 149 Strand.