The Sun.
London, England, 1865-12-04 00:00:00

r ONDON must have a SUPPER and MUSIC
ILA ROOll for Gentlemen. Remember, we wait for you at
EVA.NB' after the Covent-garden Opera and the Theatres.

KINAHAN'SL WHISKY.I - DUBLIN
EXHIBITION,L 835
This celebrated Old IRISH WHISKY gained the Dublin
Prize Medal.
It is Pure, Mild, Mellow, Delicious, and very Wholesome.
sold in Bottles, 30. Sd., at the Retail Houses in London ; by
the Agents in the principal towns in England; or wholesale

8, GREAT WINDMILL-STREET, LONDON, W.
Observe the Red &cal, Pink Label, and Cork branded
Rinahan's LL Whisky."

IVIUTUAL LOAN FUND ASSOCIATION
(Incorporated by Act of Parliament, 1850),
14,.RTJ8SELL-STREET, COVENT-GARDEN. LONDON,

ADVANCES MONEY on Personal Security, Bills of Sale,
Freehold or beneficial Leasehold Property, without inquiry
fee, or any deduction whatever, for periods of one, two, or
three years, repayable weekly, monthly, or quarterly. Bills
discounted. The greatest secrecy observed. Advances also
blade towards the Purchase of a House, repayable in 5. 10, or
15 Years —Forms free on application, or receipt of a stamped
euvelope. . .

EDWARD HARPER, Secretary.

THE ATLANTIC AND GREAT WESTERN
RAILWAY.

Capital Authorised.
Shares, $30,000,000, in Shares of $5O each.
Mortgage Bonds, Six Millions Starling, or Thirty Million

Dollars.
Issue of Consolidated Sterling Mortgage Bonds for

£2,771,600,
having 25 years to run, bearing Interest at Seven per
Cent. per Annum.
Secured on tho whole Line of the Atlantic and Great
Western Railway, with Branches, Extensions, and
Equipments.
£3,228,400 being reserved for Redemption of Mortgage
Bonds already issued on the several divisions.
The Bonds are of £lOO, or 500 dollars, each, with interest,
Payable Quarterly, free of Income Tax, in London,
• in sterling, or in New York, in Gold, at the
Company's Offices.
They are payable to bearer, but can be registered at
holder's option.

BOARD OF CONTROL IN LONDON.
Sir S. Morton Peto, Bart., M.P., Chairman.
S. Goodson, Esq., M.P., Chairman Great Easternßailway,
London.

W. Fenton, Esq., Deputy Chairman Great Western
Railway, London.
C. J. Kennard, Esq., Director of Consolidated Bank,
Limited, London.
Lewin B. Mozley, Esq., Barned's Banking Company,
Limited, Liverpool.
Joseph Robinson, Esq., Deputy Chairman Ebbw Vale
Company, Limited, London.

BANKERS.
The Consolidated Bank (Limited), London, Manchester,
and Norwich.
The National Bank, London, and Branches in Ireland.
Messrs. A. Heywood, Sons, and Co., Liverpool.
The Bank of Scotland, Edinburgh, and Branches.

SOLICITORS.
Messrs. Freshfields and Newman, Bank-buildings,
London, B.C.
BROKERS.

Messrs. Joshua Hutchinson and Son, Angel-court,
London, E.C.
Messrs. E. F. Satterthwaite and Co., 88, Throgmorton-
street, London, E.C.
Messrs. Laurence, Son, and Pearce, 7, Angel-court,
London, E.C.

The Report of J. S. Forbes, Esq., well known to the
tritish Railway public as Vice-President of the Dutch-
Rhenish Railway and General Manager of the London,
Chatham, and Dover Railway, contains full information
derived from personal inspection of the position and pros-
Deets of the Atlantic and Great Western Railway, from
which it appears—
Ile Atlantic and Great Western Railway system com-
prises

507 miles now in work, including 17 miles recently
opened.
100 miles in course of construction.

Total, 607
of which 526 miles belong to the Company; and 81 miles
are leased for 99 years, at a low rent ($273,072 a year).
Though not yet fully completed, the traffic already equals
that of many of the best American lines.
During the first six months of 1565 the receipts upon
the 822 miles then open were $2,579,737 equal at the
present rate of exchange to $7 in the £: to £368,533.
Since July 490 miles have been opened, and the receipts
have been $2,011,676, equal to £287,382, for three months,
or at the rate of £1,149,528 per annum. The subjoined
ntouthly traffic return shows the steady increase of
traffic.

I Total.

1865.

I Miles
open.

Mails, & Passenr Frelght.l 1864. 1865.
gec.s

January....
nn.
anuary oh 4
Pebry—i
Uarchrua
April . . ...... „
,7
Itay ......... '
June ....... 322
July ........ 490
August ....
Repteniber.l
October ....I If

Dollars.
111,751
109,718
113,412
117,691
135,434
163,733
162,655
213,469
210,914
207,861

Dollars. Dollars.l Dollars.
249,379 1207, 298 1 361,130
277,930 229,041 ' 387,648
336,403 226,733 449,815
288,989 197,267 406,680
324,988 214,679 460,442
350,289 314,521 1514,022

432,868 1 332,098 1 595,523
525,059 406,076 I 738,528
466,711, 416,044 I 677,625
512,050 396,847 1 719,911

This table includes the traffic of 33 miles of the Oil
Creek Railway, which was constructed by and has
hitherto
been worked by the Atlantic and Great Western
""'diviray Company, but does not form part of the consoli-
dation.

The actual result, therefore, is a gross receipt at the
to of upwards of £1,000,000 a year at the present ex-
"roge, with 100 miles still to open, and a large increase
°- traffic only waiting for a further supply of rolling
stock.

Tills large traffic is owing to two causes :-
1. The Atlantic and Great Western line forms the
central link of the greatest line of through traffic in the
World, viz., that between the Western States of America
and the Atlantic. From its shorter distance, and advan-
'4
4_ge of forming part of an unbroken line of 1,200 miles on
a uniform six-feet gauge, it must always be the best line
cf communication by which the enormous goods and pas-
sengernn traffic centring in the Western cities of Cincinnati,
Cleveland, Chicago, and St. Louis, can arrive at New
York and the sea-board.
2. The local traffic is equally enormous, owing to its
raversing the newly-discovered oil districts of Pennsyl-
Z,ania, and the great coal-fields of Northern Ohio. Some
ea of the local traffic thus waiting for development may
9formed from the single fact that this oil district now
",,etcls at the rate of 3,000,000 barrels per annum, for the
4veyance of which as much as 3d. to 4d. per ton per
e Is willingly paid.
in -A Consolidation of the several Divisions of the Atlantic
and Great Western Railway under one executive has been
-„,tatle, and a mortgage for 30 million dollars, or 6 millions
erling of bonds has been created, and also a capital of 30
IThllion dollars of sharei of 50 dollars each, based on the
:hole property of the Company. The new shares will
illorcraede those previously issued, with the exception of
vz'l9,ooo dollars of Preference Shares pledged as part of
the security for the Certificates of Debenture issued in
(I'etaber, 1864, which will, therefore, remain Preferential
until those Certificates are paid off, when the whole be-
Znie ordinary share capital. Provision is made in the
I,°rtgage deed (under which the Consolidated Mortgage
rihonds are issued) for securing the rights of the existing
°rtgage Bonds, and also for their exchange at maturity,
2- earlier, by consent of the holder, if authorised by the
-101.ard of Control ; this being completed, the present Con-
uohdated Mortgage will become the first mortgage over the
Whole railway, with its branches, extensions, and equip-
toents.

The Consolidated Capital will therefore consist of
860,000,000, half in Shares and half in Mortgage Bonds,
Which provides for the completion of the entire line.
To meet the interest on these Bonds at 7 per cent. in
Sterling, after paying all working expenses, it is calculated
by Mr. Forbes that a gross annual receipt of $6,442,000
'Would be sufficient, which is considerably less than the
annual receipt, and 83,573,000 less than Mr. Forbes's esti-
mate of the annual receipt when the additional 100 miles
are opened, so that the security for the Bonds is ample,
-and there is every prospect that, in addition, a high rate
°f dividend will be paid on the $30,000,000 of Share
-1- be Consolidated Bonds have 25 years to run, with
~.°nPons for interest at 7 per cent. per annum, payable
Znorted rly, free of income tax, at the Company's Offices, in
a on or New York, in gold. Interest is payable on 15th
yZarY, 15th April, 15th July, and 15th October of each
It is
of 3 Proposed to appropriate the total authorised issue
a
100,000, or £6,000,000 sterling Consolidated Mort-
le A ---°nds, as follows :
to reserve of $16,142,000 will be placed with trustees
tino..-47!3t, either by conversion or payment when due, the
that lug divisional Mortgage Bonds, being the total amount
Rod has been issued, or authorised to be issued, as certi-
d LlMessrs. Coleman, Turquand, Youngs, and Co., after
ue ex . .
alnination of the Company's books and registrars, or
inc
4,11 to £3,228,400. This • ludes all Bonds issued to the
the 01 and also the Bonds deposited with Trustees for
the Certificates of Debentures issued in November, 1864,
arts Security of which remains unaffected by the present
ngements.
Ro•j; The balance, viz.:-1;"1771600,, is offered for public
the"B„,ellPtion, at the price of £BO per £lOO Bond, including
-trupon due January 15,.186.6, payable as follows :-
10 Per £lOO Bond on application ;
25 on allotment ;
77 „ on 15th January, 1866, less coupon
20 £llss. due on that date ;
20 II 11 on 15th February, 1866 ;
allow. „ on 15th March, 1866 ;
tioo!,,ng for the January Coupon, the nett price of each
pay.,-°ond will be £7B Sc., or allowing for discount on pre-
Mite under £7B.
tliseoll'scribers will have the option of paying in full, under
fault IT, at the rate of 7 per cent. per annum ; but, in de-
vieue°' due payment of the respective instalments, all pre.-
tive hyaYments will be liable to forfeiture. Tho defim-
for ec-onde being now ready will be delivered, in exchange
O,IIP, as soon as it is fully paid up.
neve Pies of the law authorising the consolidation of the
of t ral divisions and branches of the Company, and deeds
beiaTat or mortgage, of the form of consolidated mortgage
of d' and of other documents relating to the present issue
elieirEC are deposited for inspection at the offices of the
at telleatiOnS must be addressed either to the Secretary,
Vietr, ?faces of the Company, 5, Westminster Chambers,
Co 011 a-street Westminster, S.W., to the Bankers of the
PorlZinY, or to the Brokers, from whom Prospectuses and
140,,,°' Application
1865 can be obtained.
'°l3, Dec. 2, .
A'44,
'TIO AND GREAT WESTERN RAILWAY.
FORM OF APPLICATION.
the(To be retained by the Bankers
G re.)
Board of Control, Atlantic and at Western
Railway Company.

II N 0......
re "ng paid the sum of £ I hereby
IdtliZst that you Will allot me Consolidated
lvt,,, ge Bonds of the Atlantic and Great Western Rail-
-1441, and I
, according hereby agree to accept such Consolidated
Rail-
M° fie, Bon. ds, or any less number that may be allotted
to the terms of the Prospectus.
I .am, your obedient servant,
Signature
Address in full
Date