The Sun.
London, England, 1865-06-16 00:00:00

AST LONDON. RAILWAY
(THROUGH TUE TEIAIIES TUNNEL),
Connecting below London-bridge all the Railways entering
, Loudon North and South of the Thames.
attoorporated by the East London Railway Company's
Cah.4. Act, 1865.
£1.,400,000, in 14,000 Provisional Scrip Certificates
to bearer of £lOO each. £2 to be paid on application;
and £8 on allotment ; and on fully paid-up scrip, £2 on
aPplication, £lB on allotment, and £BO on or before the
23rd September, 1865.
Interest will be paid half-yearly, at the rate of 5 per cent.
„P:ruannum, on calls paid during construction ; and on fully
r"'"'411) shares, at 6 per cent. per annum, on the whole
&Mount of the certificate from the date of allotment.'
DIRECTORS.
WILLIAM HAWES, Esq., Director of the Thames Tun-
-I,Company (Chairman):
awford Acland, Esq., Chairman of the Ceylon Company.
Colonel J. S. Brownrigg, C. 8., 91, Victoria-street, West-
in inster.
a
°„_un Sale Barker, Esq., Director of the West Middlesex
wwater Works.
~„l• Walter Cargill, Esq., M.P., Director of the Oriental
J Bank Corporation.
aa. Childs, Eso Chairman of the Wallingford and Wat-
tin
gt on Railway Company
g• Chubb Esq., Director of the North London Railway
John
k.,ornpany.
11 Griffith Frith, Esq., Deputy-Chairman of the Great
Indian Peninsula Railway Company.
Vuer Graham, Esq., Queen's-road, Regent's Park.
red &nee, Esq., F.R.S., Finsbury-circus.
ENGINEERS.
John Hawskhaw, Esq., C.E.
George Robt. Stephenson, Esq., C.E.
J. S. Burke, Esq., C.E.
BANKERS.
The Union Bank of London, and its Branches.

SOLICITORS.
Messrs. Wilson, Bristows, and Carpmael, 1, Copthall-
buildings.
SURVEYOR AND VALUER.
E. N. Clifton, Esq.
lf, BROKERS.
,74 tin_ • J. and A. Scrimgeour, 10, Old Broad-street.
• Towgood and Strachan, 33, Throgmorton-street.
SECRETARY (PRO TEM.)
C. S. Collard, Esq.
TEMPORARY OFFICES.
4, Skinner's-place, Sise-lane, E.C.

PROSPECTUS.
p.oTiithae East London Railway will complete the metro-
system of railways, recommonded by, the
„joint
c'almittee of both Houses of Parliament in the session
1864.
The line as sanctioned by the act of this session will
Walaraence with junctions with the Brighton, South Lon-
?l3, South-Eastern, and North Kent Railways, near New-
nBEl, accommodating in its course the Surrey and Com-
Tercial Docks, the London Docks, and the East of Lon-
°ll, and will terminate in the City, at a great terminal
Cation in Liverpool-street. There will be a branch to the
Great Eastern through which connections will be formed
lith the the N'orth London and London and North-Western
ilraYs ; and the line will pass through and accommodate
Important districts of N.ew-cross, Deptford, Bother-
„`lue Wapping St. George-in-the-East, Limehouse, Step-
"eY, Whitechapel,' Bethnal-green, Bishopsgate, and Shore-
, .ditch, and afford an outlet by the principal railways of the
4lagdom to the most densely-populated parts of the metro-
Polis. •
The terminus in Liverpool-street being in the centre of
the business part of the City, situate close to the Bank and
,the exchange, must of necessity command for this line the
.algest metropolitan omnibus traffic within and out of
14.,.ta1d0n. It will effect an interchange of-traffic with the
t.!aetropolitan Railway, and through that line with the
lisreat Northern, the Great Western, and the Midland
tiailways and it must become practically the City termi-
as of the London, Brighton, and South Coast Railway.
1, The extraordinary expansiveness -of metropolitan rail-
TIl'Y traffic has now been most abundantly demonstrated.
1 Metropolitan Railway, with only 31 miles opened, li
the heart of the City as yet unreached, carries more
thPaaset,
gers than the Great Eastern with 665 miles ; than
4,-London and South-Western with 513 miles; or the
J,"'and with 641 miles opened ; and the receipts from
-"engers per mile per week exceed, by more than 50 per
,
toe united receipts per mile per week for passengers
ongdooods of the seven great railways having termini in
peThe cost of the property required for the line will be less
18 le than that of any other metropolitan railway, and
tii'llfficiently provided for by the estimates. The length of
eifreisline, including junction branches, is between seven and
fight Miles, of which the land for the terminal station at
thrverPeol-street, and for nearly one mile of its course
Ititrgla the most expensive district, is purchased jointly.
t, the Great Eastern Railway, the one running at a high
by el
the other at a low level over the same property,
Bt„,""lich arrangement fully a quarter of a million will be
Tu. e". On the southern side of the river, from the Thames
nnel to the junctions of the Southern Railways, the cost
will be very moderate, whilst the tunnel itself has
teal? obtained without risk of construction at a little more
i°ne-third of its original cost.
4,,,,ue cost Of construction is fixed beyond doubt by•
r,,,.+lgementi concluded with Messrs. Brassey, Lucas and
eo4'es, for a contract, at prices which will make the total
„°f the works considerably less than the amount allowed
The
Parliamentary estimate.
k,',ae revenue to be derived from this line can be esti-
, i,ed with equal certainty.
he ordinary receipts of the Metropolitan Railway are
0111 More than £740 per mile per week from passengers
11 and the expenses for the half-year ending December
revenue were 41 per cent. on the then receipts. This
the tille is derived from a line connecting, at one end only,
the ,terminus of one great trunk line with the City, whilst
lite-''ast London will not only connect three great southern
a° rate with the City, but will also connect them with the
rate
and eastern systems of railways.
am /le large population this 'line will accommodate,
tr the high through rates which it will receive for the
fdc derived from the great lines with which it will be
leeied, leave no doubt that its receipts per mile from
lt4,F‘l?gers alone will exceed those of the Metropolitan
Per ~„%,a-Y• But assuming the East London receipts to be,
Pre:ule, not more than those on the Metropolitan in its
th,"°llt incomplete and undeveloped state, and calculating
so freceipts on six miles only of the East London Railway,
lltp,4r substantially to confine the calculation to the main
iti,l„the- income from passengers will be £230,880 per
at 01°, to which must be added for merchandise and coal,
if
~°lv estimate, £100,000; making a total gross income
1•,„230,880 ; which, after deduction of 41 per cent. for
ab-llg expenses, will leave a net income of £195,220, or
Tol4 per cent. on the cost of the line.
Op: investors, the rapidity with which this line can be
fatt:ed for traffic, and its security from competition, are
stati °f great importance. The completion of the central
ill c:.11 at Liverpool-street, and nearly a mile of the line,
by-pue greatly expedited by the arrangement (confirmed
laow arliament) with the Great Eastern Company, which is
lag ,4in Possession of part of the property, and is proceed-
ker, t,h. the works • the tunnel is also ready for immediate
ee y'B., ,ton to railway uses ; so that the line will certainly
Tiii!'ulng revenue in an unusually short space of time.
shareholders of the Thames Tunnel Company agree
°f thethe principal part of their purchase-money in shares
teepi.° nanny- Company, and other extensive property
colred for the line will be paid for in like manner.
- 14,8,idering, then,—
tt, ue position of this line as a connecting link between
'8 great lines of railway communication north and
2. Routh of the Thames ;
The dense population through which it passes, to
"uieh, for a few pence and in a few minutes of time,
`,lPPortunity will be afforded of reaching the healthy
,;fitricts south of the river ;
&he access afforded from the City and the eastern
districts of London to Brighton, Ramsgate, Margate,
and the South Coast generally, to the rural districts of
rn,nt, Surrey, and Sussex, and to the Crystal Palace ;
,`,,ne large interchange traffic in merchandise and coals
"uieh
g, south ; must pass over this line between north and
(The low cost per mile, as compared with other metro-
politan lines, and the certainty that it will be corn-
-6,1, with great despatch ; and
I„,r,e, fact, clearly proved by the working of the Metro-
„ Railway, that the traffic on such a line can only
De limited by its carrying powers,—
fro k gctors feel confident that the dividend to be derived
tailwatua line will exceed that of any other metropolitan
earl;
~contract will provide for payment of interest half-
Nit" `Luring construction at the rate of five per cen.t. per
'4 11111 on calls, and six per cent. on shares fully paid up.
ktioettiDg the shares preference will be given to appli-
T for fully paid-up shares.
lag ,;'° holders of paid-up stock have the privilege of Pay-
%ll4? the balance of £BO per certificate at once, under clis-
Yelleß six per cent. per annum, which will raise the first
pa tterest to upwards of seven per cent.
tlitejegistration of the scrip, of which due notice will be
certificates for £lOO will be divided into five
jn
t-he °f £2O each.
ret, event of no allotment being made the deposits will
'let+ "'lied in full. Should a less number of shares be
ba,ed
6 4114 bl "an are applied for, the deposits will be made
14/le towards the payment on allotment, and the
41,„e,.(if any) returned to the applicant.
ilKeit''dueations must be made on the form annexed, accom-
ider b PaYment of £2 per scrip certificate, to any of the
he bilantioned Banks :
ula Bank London.
The National Provincial Bank
• {Manchester, and its
e Branches.
a.tional Bank of Liverpool Liverpool.
sited)
The
e te,., nal Provincial Bank
The 1, "'"a and County Bank Leeds.
r°`rincial Bank of Ireland übl in and its Bran ch e s
in Ireland.
Ronal
{Edinburgh and Glas-
'°•Yal Bank of Scotland gow, anditsßranches
in Scotland.

Fo
"1- OP APPLICATION FOR ORDINARY
SHARES.
er kthe e Directors of the East London Railway Company.
l' asBrs. Chadwick, Adamson, 31• Kenna, and Co.,
kinßte r "elai Agents, 27, Great George-street, West-
A/tli
all 3' the '''73,—Having paid to the Bankers of the Com-
-I,„c't '''lllz of to your credit, I request you to
to 80,104 b Scrip Certificates of 100 each in the East
r'4ilw-ay Company ; and I£ agree to accept such
itilkyc'h,saa,ly less amount that may be allotted to me, and
4111811;1. mrther sum of £8 per certificate due upon such

Name in full
Address
FO Profession or Trade
114 Date
1,0 'll APPLICATION FOR FULLY PAID -UP
11
er the b. SHARES.
y 'rectors of the East London Railway Company.
plra. Chadwick, Adamson, M'Kenna, and Co.,
Pena ial A
peter Pn
t 27, Great George-street, West-
Da, 'lltletti
OS- the en,----liaving paid to the Bankers._ of the Cora-
-1,4'4 Toe' 81114 of £ to your credit, I reqiunestthyeoEuatsot oed
on mil Scrip Certificates of £lOO each
'3elll, C- p y • and I agree to accept such
at(4l';ithaeni less amount that may be allotted to me, and
urther sum of .ElB per certificate on allotment,
°ll or before the 23d September, 1865.
Name in full
Address
Profession or Trade
Date
th,'Peb ctuses and For of Application may be obtained
4i411 of "I,4lli:cora, the Brokers,ms
at the Offices of the Company,
alle'4rsers-
,d, 31‘Kenna, Cteor.,
4114110:ents, 27, Great George-street, WesLmlnS
further information may be obtained.