The Sun.
London, England, 1865-07-01 00:00:00

THE LONDON FINANCIAL ASSOCIATION
1 (Limited) offer for SALE by Public Tender. £(30,00 ,
being the whole of the A PRIORITY STOCK of the
KETTERING, THRAPSTON, and HUNTINGDON
RAILWAY, entitled under powers conferred by the said
Company's Acts of Parliament to a Perpetual Dividend of
5 per cent. per annum, payable half-yearly out of the
Profits, in preference to the Ordinary Stock, and ranking
next to the Company's Debentures.
Interest guaranteed by Messrs. Waring for three years,
from Ist July, 1865.
By the following prospectus it will be seen
that the interest on the Debentures is £3,780
And on the A Priority Stock 6,500

Being together £10,280-annually,
and as the line is to be worked by the Midland Company
for seven years at 40 per cent., a gross receipt of £17,200
per annum will be sufficient to pay interest on the A
Priority Stock as well as on the Debentures. -
The coal traffic alone is estimated to produce one-third
more than the above amount, independent of the ordinary
sources of traffic. The A Priority stock is therefore most
amply secured, and presents an eligible investment for
trustees and other parties seeking a security paying a fixed
dividend at a good rate.
With the view of removing any doubt as to the dividend,
and in order to give ample time for the development of
the traffic, Messrs. Waring Brothers guarantee for three
years the interest on the said Priority Shares.
Tenders for the whole, or any portion of the above Stock,
will be received at the offices of the Association, South Sea

House, Threadneedle-street, up to Tuesday 11th July, at
One o'clock, when the tenders will be pubhcly opened and
the Stock will be allotted to the highest bidders, provided
the prices offered are not below the minimum, which will
be fixed in the usual manner before the Tenders are opened.
In case of equality of Tenders beyond the amount required
a pro rata distribution on such Tenders will be made.
A deposit of .E. 5 per cent. must accompany each Tender.
The balance to be paid on the 18th July, when the Stock
will be placed in the purchaser's name without expense.
South Sea House, Threadneedle-street, Ist Ally, 1865.

KETTERING, THRAPSTON, AND HUNTINGDON
RAILWAY.
CAPITAL.

Debentures £75,600
Priority or A Shares 130,000
Deferred or B Shares lOO,OOO

Total £305,600
DIRECTORS.
General ARBUTHNOT, Woodford House, Thrapston,

Chairman.
William Bunco Greenfield, Esq., 59, Porchester-terrace,
Hyde Park, W., Deputy-Chairman.
Thomas Pain, Esq., 22, Great George-street, Westminster,

s.w. . _ .
Valentine Hill, Esq., Kimbolton, St. Neots.

ENGINEER.
G. B. Brace, Esq., Westminster-chambers, Victoria-
street, S.W.
SOLICITORS.
Messrs. Hodding Townsend and Co., 3, Princes-street,
Westminster.
SECRETARY.
Arthur Lankester, Esq.
COMPANY'S OFFICES.
No. 1, Poet's-corner, Westminster, S.W.

This railwayhas been constructed in the most substantial
manner by Messrs. Waring Brothers, within the capital
authorised by the Acts of Parliament 25 and 26 Vict., cap.
173, 26 and 27 Vict., cap. 203. It is 26 miles long, running
out of the Midland system at Kettering, touching the Lon-
don and North Western at Thrapston, and the Great
Northern and Great Eastern at Huntingdon, and will be
opened on the ensuing Ist of August.
The total share capital is £230,000 ; of this the A Shares
amounting to £130,000, are entitled, under powers con-
ferred by the Company's Acts, to a priority in dividend of
£5 per cent. in perpetuity, ranking next after the deben-
tures, so that they are substantially preference shares.
Messrs. Waring Brothers guarantee the interest on the A
Priority Shares for three years from Ist July, 1865. By
the Acts of Parliament the liability of the shareholders is
limited to the amount of their subscription in the usual
manner. The B or deferred shares receive all the surplus
after payment of five per cent. to the Priority Shareholders.
The railway traverses one of the richest agricultural
districts of England, in which also iron-stone and clay of
fine quality have recently been developed. It is to be
worked under Parliamentary sanction by the Midland
Company, who, by agreement with the Great Eastern
Company, have powers of running onwards from Hunting-
don by St. Ives to Cambridge, so that a complete and most
direct connexion will be established between the whole of
the Great Eastern system and the manufacturing and mine-
ral Midland districts, including Derby, Leicester, Birming-
ham, Nottingham, Sheffield, and the Northern manufac-
turing population. A reference to the map will show the
importance of the line as a connecting link between the
centre and the east of England. The Midland Company
are to work and maintain the lino for 40 per cent. of the
gross receipts during seven years, and for 50 per cent. in
perpetuity thereafter.
The traffic will obviously, therefore, be large. It is be-
lived, indeed, that the transport of coal alone will furnish
a remunerative return upon the capital now offered to
the public. The greater part of that traffic, now going
into the eastern counties by the circuitous route of Peter-
borough, must hereafter go via Huntingdon, as its shortest
and best course. This quantity is estimated at 300,000 tons
a year, which, at the rate of id. per ton per mile, would
yield £24,375 gross, or £14,625 net after payment of work-
ing expenses. The net return on coal, therefore, after de-
duction of £3,780, the debenture interest, would be £10,845.
To pay the dividend on the Priority Shares only £6,500
(beyond the debenture interest) is required ; so that, unless
the anticipations of those best qualified to judge are greatly
erroneous, there would be from the coal traffic alone a net
surplus of about £4,350 annually beyond the dividend on
the A Priority Shares.
And if the general traffic from passengers, merchandise,
cattle, and iron ore should realise only a net amount equal
to that derived from the coal, the Company would have a
clear annual income of £29,000 after deducting working
expenses, whilst the first charges for debenture interest and
dividend on these shares would absorb £10,300 only.
In short, a gross traffic of only £l2 15s. per mile per
week (425 per mile being the minimum anticipated by the
most competent railway authorities) would suffice to pay
debenture interest and a dividend of five per cent, on the
A or Priority Shares, after deducting working expenses at
40 per cent.

KETTERING, THRAPS TON, AND HUNTINGDON
RAILWAY COMPANY.
FORM OF TENDER.
To the Directors of the London Financial Association
(Limited).
Gentlemen,—l hereby tender for £ of
the A Priority Stock of the Kettering, Thrapston, and
Huntingdon Railway Company, subject to the conditions
contained in your advertisement of , 1865,
At per cent. (Price to be inserted here.) -
I enclose a Deposit of £ , being at the rate
of 5 per cent. on the said sum of Stock.

Name
Profession or occupation
Address
Date 000000 memelostosommemortio

IVOTHENTG IMPOSSIBLE.—The greatest and
_LI mostusetulinventionoftheday,AGllA A MAR L n..
Messrs. JOHN GOSNELL and CO., 12, Three King-court,
Lombard-street, London, Perfumers to her Majesty, respect-
fully offer to the public this truly marvellous fluid, which
gradually restores the human hair to its pristine hue—no
matter at what age. The Agua Amarella has none of the
properties of dues ; it, on the contrary, is beneficial to the
system, and when the hair is once restored one application
per month will keep it in perfect colour. Price one guinea per
bottle, or in half bottles, 10s. 61, Testimonials from artistes
of the highest order, and from individuals of undoubted re-
spectability, may be seen on application. Messrs. John
Gosnell and Co. have been appointed Perfumers to her Royal
Highness the Princess of Wales.

TOHN GOSNELL and CO.'S CHERRY
TOO rri. PASTE is greatly superior to any tooth
powder; dyes the teeth a pearl hiteness, protects the
enamel from decay, and imparts a pleasant fragrance to the
the breath. Price Is. 0(1.-12, Three King-court, Lombard-,‘
street, London.

ROYAL FREE HOSPITAL, Gray's-inn-road
in the immediate vicinity of the Great Northern Rail.
way Terminus, King's-cross.
Patron—Her Most Gracious Majebty the QUEEN.

Vice-Patron—His Royal Highness the Prince of WA LES, ILG

President—flis Grace the Duke of BUCCLEUCH.

The Committee earnestly solicit the ASSISTANCE of the
benevolent, as the premises of this Hospital are cspable of
containing several hundred more. beds, had the Committee
the requisite funds to maintain them. •

rhis'llospitZTounded in the year 1828, the first to estab-
lish the principle of free admission to the sick poor, without
the delay and difficulty of Governors' orders. is wholly de-
pendent for support on voluntary contributions and legacies.
It affords relief to a large number of in-patients, and, in
Iddition t' this, the average number of attendance of the
aestitute sick has for a con •iderable period averaged between
3,000 and 4,000 weekly.

Contributions are received by the Treasurer. Edward Vas-
ierman, Esq., Nicholas-lane; also by Messrs. Contts and Co.;
Drummond and Co. ; Glyn and Co. ; "Terries and Co. ; Ransom
and Co. ; Prescott, Grote, and Co. ; Smith, Payne, and Co. ;
Barclay and Co. ; W lliams, Deacon, and Co. ; Overend, Gur-
ney, and Co. ; Nisbet and Co. , Berners-street ; I. Barned and
Co.. Liverpool; and at the Hospital. from 10 till 5.
STANFORD SMITH, bantam