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The CREDIT FONCIER and MOBILIER of ENGLAND
gaimited) aro instructed to RECEIVE SUBSCRIP-
IONS for £11 2127 000 A STOCK of
TIDE METROPOLITAN EXTENSION
DomItAILWAYS of COMP LONDON, CI4ATHA.III, and
DOVER RAILWAY ANY, in 30,300 Provisional
Scup Certificates to Bearer of £4O each, with interest
Fuaranteed by Sir S. MortonPeto, Bart, Betts and Cramp-
Tn, at 6 per cent. per annum on price of Issue, payable on
5 .clraount Paid-up, as from Ist January, 1865, and
such interest payment
will be continued to Ist July, 1867, by
half-yearly payments, on Ist July and Ist January in each
Year' The first Six Months' Interest will be paid on Ist
July, 1865.
AlloDeposit .
£1 per Certificate on Application, and £1 on
tment
Price of Issue £2l for each Certificate, equal to .£52 10s.
D°l' £lOO Stock.
Liability limited to amount of Subscription.
• The remaining half of this Stock, £1,213,000, will not be
Issued for twelve months, and then only as Paid-up Stock,
kel at not less a price than £lO per £lOO Stock advance on
present price of issue.
DIRECTORS.
Thvaletilitat,na,ll on o un,bl o Lord SONDES, Lees Court,
the Kent, 'Chairman.
_re Lord Harris, K. 5.11, South-street, Grosvenor-square,
uelity-Chairman.
Sir R.
Ge_ W. Carden, Royal Exchange-buildings.
ijurge Cobb, Esq., Bredgar, Sittingbourne.
Ivivrr(l W. Edwards, Esq., Victoria-street, London.
Charles mni Gladstone, The Old Broad-street, London.
J. Hilton Esq., Pines, Bickley, Kent.
G. P. Holroyd, Esq., 8, Sussex-square, Hyde Park, W.
Slimes Lake, Esq., Newlands, Sittingbourne.
• a . Rich, Bart., Nottingham-place, London.
21r Ir Cusack P. Roney, 15, Langham-place, London.
J°llll Maxwell Tylden, MiLstead, Sittingbourne.
SOLITORS
Messrs. Freshfields and Newman,. 5, Bank-buildings, E.C.
ENGINEERS.
Joseph Cubitt, Esq., C.E., Great George-street.
P. T. Turner, Esq., C.E., Parliament-street.
SECRETARY.
W. E. Johnson, Esq.
GENERAL MANAGER.
J. S. Forbes, Esq.

PROSPECTUS.
ii.:1:110 present object is to offer for public Subscription the
8' half of the A Stock of the Metropolitan Extension
'allways of the London, Chatham, and Dover Company,:
Mounting to £1,212,000, which, with the £1,213,000 to be
tier tha n
ed only as fully paid-up Stock, at not less a price than
7:'i u Per cent. increase on the present price of issue, or ear-
twelve months hence, completes the amount of
£2,425,000, the total amount of that Stock.
Full details of the lines and .their present poeiticrn see
Given at length in the statemera annexed, which, with the
maps attached, show the routes of these lines and those in
connexion.
In considering this Stock as an investment, the principal
Points for consideration are, first, the amount of Stock to
,P,aY dividenc? upon ; secondly, the probable receipts ;
Luirdly, the minimum dividend per cent. to yield a fair
return on the price of issue.
Tho capital of the Metropolitan Extension Railways is
constituted as follows. viz. :
nebentures £1,433,300
13 Stock, entitled to 6 per cent. Preference
C Stock, entitled to 6 percent. Preference afterß 1,050,000
A Stock (present Issue) Entitled to remainder
Por future Issue as fully of Profits £1,212,000 2,425,000
'paid-up Stock up to 6p. ct. 000)

£5,733,000

The total mileage is about 14 miles.
, The traffic on the Metropolitan (Underground)
an averageound)Raih of
Railway
leas amounted since Ist January,
18
£673 per mile per week, which is moreov'aesrsclaigl)e-ls a triflingi.ncreasing,
and at present arises from metropolitan p
on
amount only of through traffic, and no, goods being as yet
carried on this line.
'When it is considered that the presoenntdotnra,
Metropolitan Extension Railways in L
4_14 Dover Company is conducted over i
stock,Chatham,
also
waY, and with inadequate amount of roonlllyntgwo lines of
that it is still unfinished, and that the portion at work has
only recently been opened, it will be observed that the
Present
at es tima rete of ceipts
the probablree traffic.
afford no liabl data upon which to form
e •
To fix. the amount at anything like what is felt by com-
Petent
i judges will be the actual result when tlie en(oLr„..nidoeurs. con-
tra that the junctions with the Metropolitan
tgrx,Plind), the Groat Northern, the Midland, the Great
"eter; the West London Extension, the South Wystern,
4114 the North Western, will bring on the lines, might be
eensidered an exaggeration by those inexperienced
rui,ctch.c
Wouderful elasticit of metropolitan and suburban t • ffl
It is therefore tjught better not to estime the probable
vrtra!
;"trc higher than the average of the mileage receipts of the
oplitan (Underground) Railway, as above
b the mile-
-14•1 £673 per mile per week. This multiplied
ago of the Metr y London,
mentioned,
Chaffit,e), n _ opolitan Extension Lines of
litillegivoare_
turn' a d Dover Railway Company would
ded
(24 X 189,911 per annum. From this sum must bel
ucted 40 per cent. for working
estimate. The estimated therefore at £293,966
. The large
net results from charges, which is a liberal
alike
poprasansennugme.rs only may be
goods traffic, which these lines will enjoytt nsas
li.roeta the adinirable position and number of the,isaa stations ,j'te.,!lll arrangoinents made for working thel aaieL_mun y augment the receipts by at least X o,o'l)'offine' t l'Pvielll.
fa'.ll 1.. ; which, in that case, after paying intereston
dividend of
4''-' tuies on the B and C Stocks,' would yield a
_n_i
1: cent. ou the whole of the X 2,425.000 A. Stock..(i
oM,`,lng the present issue), which, at the price it is now
The at,. would be equal to 10 per cent. per annum.ust
be
tet_'?. yi ce, at which the A Stock is uow offered
I,,,l,slou_tred most advantageous to the investor if
increasedolilly one
ref. 1 this result isattained• when, however,
eetpts wold •dividend
Stock
f 5 per cent., the
Must to
.11 permit a o the
• lly be a
Profit
rtamly rise to par, which would practically
issue.
It of upwards of 47 per cent. above the price
too.
fp,___ 1 considered that results approaching h
siTtir,es will be reached in less than two years, and tetotvae
.Aa.r'ty increase may be further looked for from
to,l,lgements have therefore been made with Sir S. A.lncie•-•_
~4 Aeto, pad.,
Betts, and Crampton, that time.
to guara„tfeati t
ate tivrort). Ist Jam y,
Whici::),Per cent. per anuluB6ns;oluni up,by
h intrinsic
ttihl
elsatpiJoludnyt,
plaTt
4...., latter date it is confidently believed t
,e
_ves.
Tit,l.B of the whole system will have develoedi.hemsel
of ttu.s9 belief entertained as to the augmentation. in value
ketre - stock. when it is considered that the lines possess
„In
tram politan termini as well as metropolitan and subuibau _
atockeli,a borne out by the relative prices of the shares ,
rid_ der„'' the Great Northern and of the Metropolitan .
therl.rllll) Railway Company, before they had finished
r.i,b Mee and afterwards, viz.-
I:3l,lreat Northern A Stock was in October, 1853
;-'t:".,cl in the Stock Exchange List at £54 per XlOd
i„ °ea, it is now worth £145, or 91 per cent. increase,
1741-(.3.86 Metropolitan
l oune-i v
wort List oau at equalto g2s,4qpueort el
worth xi. 35 10i0n St thoec k 8;
t ?i tcnko NEVIs-
, or £Bl per cent. increase in value ; these
facts s for themselves as to tho prospects of the
Thep now offered far subscription.
of Price of subscription is fixed at £2l per certificate
_
410
paytl , equal to £52 lOs. per £lOO stock, and the periods f eat are as under :---
£1 Per Certificate on Application.
4
4 e Allotment.
4 ~ Ist September, 1865.
1 17 Ist December, 1865.
1 Ist March, 1866.
11 Ist June, 1866.
...........
411 ‘‘2l
.1141,16 calls not duly
_paid will render previous payments
oertifit° forfeiture. When the whole amount of £2l per
tra„feato is Paid, £4O Stock for each certificate will bo
':
_a rrel into the name of the then holder thereof. _
chf.C_e_ option will be given to all subscribers to pay up me
toeenonatallotreent (entitling them to interest on the whole
dent _,°f Price of issue from Ist January, 1865); and 'ase
pre_ at the rate of 6 per cent per annum will bo allowed on
furtVeytliout of nstalmets. These two allowances would fli the• duce the price of issue by about £2 16s. p
NArlefe,.allotment, those applications the whole balanceer on
ale..,,,,tionit is intended by applicants to be paid in one instal-
,'_' _ allotment will be first considered.
170"111Pialed by
ae`,PPltea!,ions must be made on the Forms annexed, and
Payment of £1 per share (without which_
tio Ircation can be c 'd d) to any of the unclermen
iifee Bankers. Onsl ere
tileessl4:4,l,°4 and County Bank.
Tba
Agra. ‘.elyn, Mills, Currie, and Co.
Thus• Payne,
in Ireland.
lliessra a_nd Masterman's Bank (Limited).
and Smiths.
The N r
°ll4 Bank, London, Dublin, and its Branches
L ra_
e, e it ional Bank of Scotland, Edinburgh, and its
lan
tiLs len Scotland.
TWA. will :371 of no allotment being made, the Deposit.
loss are allotted te_ed forthwith without deduction ; and if
allotment on theaPPbed
the sum will be eall_the number of certificates applied for
.I,lraber so allotted.
Prospectuses,
lnadermentioned St he
Mal, Ps'
towards tho amount payable on
Messrs. J. and A. /lossrs LaureneenSk -rcil'ors '—
Plans, &c., may bo had of the
Seim ud Pearce, 9, Angel-court, E.C.
l. 1108ars. Knight,
raiegeour, 10, Old Broad-street.
u__
,td, Limited (Alfred'
ags'and of the (I,raeudqteoe 1, Royal Exchai.age-fb_iuldn.-
Lelwoncier and Alobilierao E..
their
il.?Ti'-'le.„ s, 17 and 18, Corrthill, Lo' :Is'I"
44800, Esq., Secretary), Ll_ S‘tecdrettatroo£ficetsn ofl
o'i',°llll, Chatham, and Devil e Railway Company (W.
O Victe,orria Station,iw Pimlico, S.W.
OF-......._
1,0 v
PAIDDAPPPICATION FOR SHARES TO BE
UP BY INSTALMENTS.
" irectors of the Credit Fonder and Mobilier of
'41,212
p'-an.,rsei,oo°f°tAhe ttonedkonof,
England (Limited) ~a,
ethhaethMaeratropoliian Extension
eltimil_-
, and Dover Railway
,t, . Gentlemen,
Lein ving paid to the*
Ire g •tsl. per Scrip Certificate on Scrip Certificates,
abe;elie,..t you to allot me Bank, tbe sum of
d b
o.e, a.:‘,l°Vc,, in conformity with the Prospectus issue by
Scrip Certificates of the
less 4a....., I her agree to accept such Certificates, or e y
then
,11(4°1 that may be allotted to me, and to pay tho fur-
the • Th. °' ,C 1 per Certificate due on allotment thereof, and
instalments when duo.
151", Gentlemen' your obedient Servant,
Name in full
Usual signature
bate -..- Address in full
Nay, 1865.
Or, . this le
ILL-14,101111 OF APPLICATION to be USED, by
Tc,ll' (i\e",etuANTS desirous of PAYING the BALANCE
. --"-e, INSTALMENT on ALLOTMENT.
the Directors of the Credit Fonder and Mobilier of
C 1,21,2 ei, England (Limited).
of the, -vQ A Stock of the Metropolitan Extension Railways
London, Chatham, and Dover Railway Company.
i,., . Gentlemen,
befil'villg paid to the* Bank tho sum of X
ag 1 s • .
' Scrip Corti&
cafes, I Per erip Certificate on
of the
request you to allot me Scrip Certificates
by ae above stock in conformity with the prospectus issued
an pen,
and I hereby agree to accept such Certificates, or
fijte °es number that ma be allotted to ©, and to tho
aer stun of X2o'per Certificate duo on allotment hereof
1 am> Gentlemen, your obedient servant,
Name in full
Usual Signature
Date
Address ...
May, 1865.

DINNEFORD'S FLUID MAGNESIA.
The medical profe ision for Thirty years have approved
of this pure solution qi Magnesia as the best remedy for Gout
and stomach disorders of every kir. d ; and as a mild aperient
it is esrecially adapted for ladies and children. Prepared
solely by
DINNEFORD and CO., Chemists, &c.,
172, New Bond-street, London ;

And sold throughout the world by all respectable chemists.
CAUTION.—See that " Dinneford and Co." is on each bottle
and red label over the cork.

THE Duke, of SUTHERLAND and PER-
CENTAGES to SERVANTS.—Write for your TEA
direct to the EAST INDIA TEA COMPANY. China,
Assam, and Japan Teas in every variety, from ls. 10d. per
lb. upwards. List of prices sent on application.—Ware-
houses, 9, Great St. Helen's Churchyard, City.

DR. SCOTT'S LIVER AND BILIOUS
PILLS.—A NEVER FAILING REMEDY.—Pre-
dared without any mercurial ingredient, from the recipe of Dr.
"Scott, of Bromley, Kent, will be found invaluable to all who
suffer from bilious and liver complaints, indigestion, wind.
spasms, giddiness, dizziness of the eyes, &o. For habitual
mativeness, as a family aperient medicine, and as a purifier
A the blood, they are truly excellent; mild in their opera-
tion and grateful to the stomach, they create appetite, pro-
mote digestion, and strengthen the whole nervous system.
Sold by W. Lambert, 8, King William-street, Charing-cross.
London, and by most druggists, in boxes,la. lad., and three
times the quantity in one, 25. WI. Be sure to ask for Dr.
Saott's Bilious and Liver Pills. The genuine are a square
green Package. with " William Lambert," engraved on the
s tamp,

' SCIENTIFIC AND ORNAMENTAL PRESENTS.
ORNAMENTS for the Drawing-reom, library,
a id Dining-room, eonsisting of a new and assort-
menteAeganti:
of VA BES Figures, Groups, Candlesticks, Obelisks, I k
stands, beautiful inlaid Tables, Paperweights, &0., in Italian,
Alabas er, Parian, Marble, Bronze, Derbyshire Spar, &o.
imported and manufactured by JAMES TENNANT, Mine•
ralogist to her Majesty, 149, Stand, W.C., London.
Mr. Tennant arranges elementary collections of ROCKS.
INERALS, and FOSSILS, to illustrate the new edition
of LyelPs Elements of Geology; they will greatly facilitate
the Interestin,g study of MINERALOGY and GEOLOGY,
and can be had at 2,5, 10, 20, 50, to 100 guineas each.
"LOGI'
PRACTICAL IN
b STRUCTION in GEOLOGY and MINE.'
in given y Mr. TENIUNT, at U 9, Strand, W.C.

SAUCE.—LEA and PERRINS'
WORCESTERSHIRE SAUCE.
This delicious condiment, pronounced by connoisseurs
"THE ONLY GOOD SAUCE,"
Is prepared solely by LEA and PERRINS.
The public are respectfully cautioned against worthless
imitations, and should see that Lea and Terrine' names are
on wrapper, label, bottle, and stopper.
ASK for LEA and PERRINS' SAUCE.
Sold wholesale and for export by the Propr'etors, Wor-
cester: Messrs. Crosse and Blackwell; Messrs. Barclay and
Sons, London, ac. &c. ; and by Grocers and Oilmen uni-
versally.

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 Majesty the QUEEN.
Vice-Patron—ll is Royal Highness the Prince of WA LES, K.G
President—fl is Grace the Duke of BUCCLEUCH, K.G.

This Hospital, founded 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 ou voluntary contributions and legacies.
It affurds relief to a large number of in-patients, and, in
addition to this, the average number of attendance of the
destitute sick has for a con .iderable per:od averaged between
3,000 and 4,000 weekly.
The Committee earnestly solicit the ASSISTANCE of the
benevolent, as the premises of this Hospital are 'capable of
containing several hundred more beds, had the Committee
the requisite funds to maintain them.

'Contributions are received by the Treasurer. Edward Mu-
›erman, Esq., Nicholas-lane; also by Messrs. Coats and Co. ;
Co.;
Drummond and • Glyn and Co. ; ilerries and Co. ; Ransom
and .Co. ; Prescott, Grote, and Co. ; Smith, Payne, and Co.
Barclay and Co. ; W name, Deacon, and Co. ; verend,O Gur-
ney, ;
-
ney, and Co. ; Nisbet and Co. , Berners-street ; L Burled and
, Liverpool; and at the Hospital. from 10 till 5.
STANFORD SMITH, Secretary.

The Right Hon. B. Disraeli has issued the fol-
lowing address to the electors of the county of
Buckingham :
" Gentlemen,—A dissoltion of Parliament being
imminent, I beg leave to announce my intention of
soliciting at your hands a renewal of that high trust
which on six previous occasions you have conferred
on me by sending me as one of your representatives
to the House of Commons.

it," Although the state of public affairs is, on the
surface, little disturbed, the impending appeal to
the country involves consequences as momentous as
any recurrence to its sense by the Crown has, per-
haps, hitherto offered.

" Six years ago Lord Derby, then Minister, pro-
posed a measure on church rates, which, while it
maintained the principle of a National Church, re-
lieved the conscientious scruples of Dissenters from
its doctrines or polity. It was defeated by a large
majority, on the ground that nothing short of abo-
lition could be satisfactory.
" A month afterwards, anxious to free alike the
Crown and the Parliament from the embarrassments
in which they were placed in reference to the ques-
tion of the Parliamentary suffrage, he introduced a
measure which would have greatly extended it on
principles in harmony with the Constitution, which
wisely recognises the electoral franchise as a privi-
lege and not as a right. This measure was also de-
feated by a large majority, on the ground that no
extension of the suffrage could be sufficient which
did not involve a lowering of the franchise in
boroughs.

" In this state of affairs Lord Derby advised an
appeal to the country, and not having obtained a
majority resigned office; an Administration being
formed pledged to the total abolition of church rates
and to a measure of Parliamentary Reform which
should secure the lowering of the borough franchise.
" Since that period the Parliamentary condition
may be generally, but fairly, described as a con-
tinued attack on the British Constitution in Church
and State ; if not always suggested by her Ma-
jesty's Ministers, always sanctioned by them, and
invariably originated by the party on whose support
their existence, as a Ministry, depends.
"The attacks on the Church, commencing with
triumphant majorities, have been encountered first
with difficulty and defeat, but always with determi-
nation and constancy, and, finally, have been sig-
nally discomfited. The various schemes to deprive
the Church of its constitutional privileges have been
withdrawn, and the House of Commons has re-
solved that church-rates shall not be abolished.
" The attacks upon the State, never conducted
with so much energy, have, nevertheless, been more
prolonged, and it was only a few nights ago when
the House of Commons, impatient of protracted
mystification, reflected the candour of the commu-
nity, and declared by a vast majority that the fran-
chise in boroughs should not be lowered, and that
the principle on" which Lord Derby wished to ex-
tend it was the just one.

"The efforts of the Conservative Opposition dur-
ing the last six years have, therefore, been neither
insignificant nor fruitless. They have defeated the
measures to carry which the present Ministry was
formed, and in the course of the struggle they have
educated the public mind to bring to the final solu-
tion a decision more matured and enlightened.

" The maintenance of a National Church involves
the question—Whether the principle of religion
shall be an element of our political Constitution ;
whether the State shall be consecrated, or, whether,
dismiSsing the sanctions that appeal to the higher
feelings of man, our scheme of government should
degenerate into a mere system of police. I see
nothing in such a result but a corruption of nations
and the fall of empires.
" On the extension of the electoral franchise de-
pends, in fact, the distribution of power. It ap-
pears to me that the primary plan of our ancient
Constitution, so rich in various wisdom, indicates
the course that we ought to pursue in this matter.
It secured our popular rights by entrusting power
not to an indiscriminate multitude, but to the estate
or order of the Commons; and a wise Government
should be careful that the elements of that estate
should bear a due relation to the moral and material
development of the country. Public opinion may
not perhaps be yet ripe enough to legislate on this
subject, but it is sufficiently interested in the ques-
tion to ponder over it with advantage. So that, whin
the time comes for action, we may legislate in the
spirit of the English Constitution, which would ab-
sorb the best of every class, and not fall into a de-
mocracy, which is the tyranny of one class, and
that one the least enlightened.
" The leaders of the Conservative party, although
they will never shrink from the responsibility of
their acts, are not obtrusive candidates for office.
Place without power may gratify the vain, but can
never satisfy a noble ambition. Who may be the
Ministers of the Queen are the accidents of history ;
what will remain on that enduring page is the policy
pursued and its consequences on her realm. That
will much depend upon the decision and determina-
tion of the constituencies of the United Kingdom in
the impending general election. Subject to those
changes which the progress of society may demand,
and the experience of, the nation may sanction, I
trust they will resolve on upholding the Constitution
in Church and State.

cc I have the honour to remain, gentlemen, your
obliged and faithful servant,

" B. DISRAELI.
Hughenden Manor, May 20."

................
1a....

CHESTER.

Lord Grosvenor has issued the following address
eco u
Itni takeo no of
the
faPnaeraliralmy eenptpiseretuxnpi3tcyteedf
tino,:hereietecnoftiureersmeemenoernthAaenssudamdeilmsescity of Chester:
announcing my intention again to offer myself as a candi-
date for your suffrages. I think it right to issue my address
at once in order to explain the reasons which induced me
on a late occasion to vote against the second reading of the
Borough Franchise Extension Bill. Since the last general
election of 1859, during a period of six years, as far as I
have been able to judge of public opinion as expressed in
the press and otherwise, there has been, and is, no strong
feeling in favour of the lowering the franchise. No fault is
found with the practical working of the machinery of our
present system of, government. No grievances are now
heard of, such as prior to the Reform. Bill of 1832 justly
excited discontent and ill-will. No complaint is made that
the interests of any class are neglected by Parliament. Under
these circumstances, I have no sympathy with those who
wish to try the experiment of a new system of government,
when, upon the whole, the present, works well. The ad-
vanced Liberals in the House of Commons, while support-
ing Mr. Baines' bill for the lowering the franchise, have ad-
mitted that they accept it only as an instalment, their policy
tends to Americanise our institutions by giving an undue
preponderance to the democratic element in our Constitu-
tion through the eventual establishment of universal suf-
frage. I believe that it would be found impossible to stop at
a given line of qualification, and that tho suffrage would be
r in
my sanction to the principle of a mea-
gradually lowered i
occasion
nejeouvnri tteaofbvltehorteeses
euae
elgt
anxivdnoar
eutladtdhb °ion
garrived
the
c
ye
on further consideration, I thought it
bill,as
ut.r
tlohfve
Reform
ebdy
givingbu t
my duty on The last
proposition contained in it, which would wholly fail to ac-
complish its avowed object, while it would, in my opinion,
lead to such changes in our institutions as would be op-
posed to the feelings of the great majority of our country-
men, who, I take it, prefer the real liberty we enjoy at
home to any counterfeit that may be found abroad. For
these reasons, while opposed to the lowering of the fran-
chise lam as much in favour of its extension. And while
I deny the doctrine of abstract right to the suffrage, I am
prepared to.extend it where it can be shown that this can
be done without giving undue preponderance to any one