The Sun.
London, England, 1853-07-29 00:00:00

SOLICITORS,

Messrs. Maples, Maples, and Pearse, Frederick's•place, Old Jewry.
BROKERS.

Messrs. Muliens, Marshall, and Daniell, 3, Lombard. street.
Messrs. Robins and Barber, 29, Threadneedle-street.
SECRETARY —Henry Foreman, Esq.
entices-62, oorgate-street.
Her Majesty in Council having granted a Royal Charter of 'near-
poration, the Directors feel it a duty promptly to bring into effective
operation the means which they believe best calculated to insure the
most direct and expeditious communication with Australia, and
thereby to satisfy a requirement of great and growing urgency.
The route proposed, viz.—the direct line connecting England with
Australia, and crossing the Isthmus of Panama, may be considered
as divided into three stages—the Atlantic passage, the transit across
the Isthmus, and the Pacific passage —to Sydney and Melbourne al-
ternately, coaling at Otaheite or other convenient station. On the
first it is unnecessary to dwell; of the second, all difficulties are in
process of speedy removal by the line of railway now approaching
its completion,* with attendant accommodation of suitable hotels at
both extremes ; and the third, favoured as it is with the smoothest
seas, with moderate winds, a pleasant temperature, and the absence
of adverse currents, may indisputably be described as presenting the
most unobjectionable navigation in the world.
The directors, therefore, availing themselves of the long practical
experience of Capts. A. S. Hamond, It. N., and J. Cochrane Hoseason,
R.N.—who, for several years, have held command of steam-ships
on the Pacific, New Zealand, and Australian stations, and of whose
published opinions the soundness has been fully cmfirmed
by receit results, adopt this course, as cornbning the essential ad-
vantages of speed, of comfort, of economy, of safety, reserving, how-
ever, the power to avail themselves of any more desirable line of
transit across any other section of Central America, which time may
possibly develop.
The speed and regularity with which paddle-wheel steamers—on

the Cunard and Collins' lines—have performed their passages across
the turbulent seas of the :Corti Atlantic, having established a con-
viction that this mode of propulsion is best calculated for long voy-
ages, at high velocity—it is proposed to employ paddle-wheel
steamers of about 3,000 tons, with commensurate engine power—
combining all well established improvements—in reference to ma-
chinery, uniformity of size, proportions, and cabin accommodation.
The vessels will procaed at stated periods from Milford Haven to
Aspinwall (Navy Bay), on the Atlantic side of the Isthmus; from
whence passengers and cargo will be conveyed by railway to Panama,
On the Pacific side, and there re embarked for Australia, accomplish-
ing the whole distance, to or from, in about fifty-five days. The Di-
rectont, after the most deliberate consideration, have decided that
Milford Haven, as the port of departure promises advantages, which
few other ports can supply, viz , the safest anchorage —entrance and
exit at all times—facilities of repair—supply of most suitable coals
—and easy communication by rail with Loudon, Manchester, and all,
the manufacturing districts.

It is thought unnecessary to dwell on the great extension of general
traffic, wherever proper facilities of intercourse by steam have been
afforded ; It may, however, be briefly stated that the produce of gold
during the year 1852, in the colony of Victoria alone, amounted to over
18,000,0001., with every prospect of a continuous increase, exclu-
sive of the produce of New South Wales, which for►ns a large addi-
tion to this va, t amount ; that during the months January, February,
March, and April last, the specie transmitted across the Isthmus—
front Peru and Chili, from the western coast of Mexico, and from
California—amounted to 20,410,796 dollars, exceeding 4,000,0001.
sterling; and that the passenger traffic by the same route and for
the same period amounted to 10,568 persons, irrespective of th^se
conveyed by the San Juan de Nicaragua line. It may be, moreover,
observed that this extent of traffic, however great, affords no ade-
quate idea of the vast trade which will arise to feed this line when
in full operation, with all the important advantages of a completed
railway and of a systematic conduct of business.

Large additions to this vast traffic must necessarily flow from the
increasing intercourse between North America and the Australian
colonies, facilitated as such intercourse is by the powerful lines of
steamers already established between the United States and the
Isthmus of Panama in the North Atlantis, and between California
and Panama in the North Pacific.

The augmented line of steamers also employed by the Pacific
Steam Navigation Comany between Valparaiso and Panama must
considerably swell the stream. These great results stand in perfect
independence of a line projected which will, in all probability, at no
distant period, connect California and China, and likewise of traffic
the natural result of conveyance of passengers and valuable merchan-
dise diverted from old and circuitous routes.

The Directors derive great encouragement from the knowledge

that the ohjects of this Company are favoured with the high approval
of British nurchants in general. Many of the most eminent London
houses have strongly expressed their approbation ; and the following
document fully attests the spirit in which the enterprise is regarded
by several influential and distinguished BfanChester firms:—
" We, the undersigned, being desirous of encouraging the esta-
blishment of a line of first class steam packets, offering increased
facilities and advantages for the transit of passengers and goods, to
and from Australia and the different important states in the Pacific
Ocean, and being deeply impressed with the advantages of the route
by the way of the Isthmus of Panama, since the establishment of
the railroad at that place connecting the two oceans—hereby signi,y
our approval of the projected British and Australian Direct Screw
Packet Company,t for the purpose of carrying gut the line of com-
munication to those parts in the most efficient manner."
(Signed)
R. Gladstone and Co. Henry B. Jackson.
Horrockt, Jacson, and Co. R. I. Farbridge and Co.
Robert Smith and Co. B. Liebert.
Robert Gardner. Prescott, Brothers, and Co.
Samuel Mendel. Thos. Cardwell and Co.
ltobt. Barhour and Brothers. Oswald Stevenson and Co.
John Pender and Co. J. A. Turner and Co.
George Fraser, Son, and Co.

As indicative of the approval of the Australian authorities and com-
munity—they have much satisfaction in adding the follow', g extract
of a letter received from Stuart Alexander Donaldson, Esq , Member
of the Legislative Council of the colony of New South Wales, dated
"Sydney, 22d Novemoer, 1852 :"

.
In my place in council I have ever been a warm public advocate
for the advantages of steam—and all I have ever said has gained ten-
fold force since the stupendous gold discovery; and, moreover, I
have lately advocated this very Panama line—and I carried, on the
28th of August, by a un ,nimous vote of the council, a public grant of
6,0001. a year to the first company that shall bring Sydney within a
course of post of 120 da, s with London. My original idea was all for
Panama, but I generalised the motion to obtain unanimity; and
that Panama will first claim the bonus I feel quite sure. The gold
will go iy the quickest boats. The quantity of gold to be produced
in 1853 and 1854 no human being can tell ; it is at present nearly at
the rate of 20,000,0001. a-year. I assure you I feel the greatest in-
terest in your success, and great confidence that your line will pay."
The unsatisfactory state of the present communication with the
Australian Colonies, coupled with the strong feeling prevalent in
favour of the Panama route,: points to this as the only means left of
establishing the shortest possible period of communication ; and the
Directors, from the demonstrations and experience of the nautical
members of their Board, from the assurances of the most successful
ship-builders and engineers, and from arrangements formed at
Panama, entertain no doubt that the passage can be accomplished in
the time stated, and that the course of post can be safely and regn-
larly reduced to about 120 days, including the interval between
arrivalin cona
conclusion,
so i,departurethepoi
Directors
etchtoe
rs
mails.
observe,
that this Company, not bur-
dened with unsuitable ships, nor constrained to adopt unproductive
deviations, may confidently anticipate the ultimate command of the
postal service. They feel assured that, after arranging moderate
rates for passengers, 'specie, and freight—an ample margin fur
working charges, insurance, and repairs - and also a reserved fund
for the replacement of ships and machinery —they are justified in
believing that THIS TZUNK LINE promises to realise a most remunera-
tive dividend.

Application for shares to be made on or before the 20th August, to
the secretary at the Company's offices, 62, Moorgate-street ; to the
Brokers ; or to the Agents of the National Provincial Bank of
England.
July, 1853.

FORM OP APPLICATION FOR SHARES.
To the Australian Direct Steam Navigation Company, via Panama.

...
Incorporated by Royal hlrter.
I request you will allot me shares, or any less number of
shares, of 251. each, in the Company, and I engage to accept the
shares so allotted tonic, and to pay the deposit of 21. per share there-
on, hi such manner, and in such time and place, as shall be appointed
by the Directors she Company for that purpc*e. And 1 further
engage to execute a deed of subscription, to the said Company, bind-
ing myself to accept and pay for the shares allotted to me. and also
to execute the deed or deeds of settlement of the Company.
Dated this day of 1853.
Letters and notices to me may be sent by post addressed :
Name
Residence • • • .... ••••• • •• ••
Profession or trade • • •• • • • • • • • • •
Reference

* The time of transit across the Isthmus by rail will probably not
exceed two hours.
t Toe title assumed by this Company previous to the decision that
the paddle-wheel should be adopted as the motive power.
"Melbourne, April, 1853.—Hitherto the communication by
steamers, via the Cape of Good Hope, instead of proving a boon to
the Colonies, has been a serious detriment to business.
" We are anxiously looking—with our Eastern neighbours—for
the establishment of the Panama line,"--Times, July 4, 1v53.