The Sun.
London, England, 1865-12-06 00:00:00

MUTUAL LOAN FUND ASSOCIATION
(Incorporated by Act of Parliament, 1850),
14, RUSSELL-STREET, COVENT-GARDEN, LONDON,
ADVANCES MONEY on Personal Secarity, 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
made towards the Purchase of a House, repayable in 5, 10, or
15 Years —Forms free on application, or receipt of a stamped
envelope.
EDWARD HARPER, Secretary.

EAST AND WEST INDIA DOCK
COMPANY.
The COURT of DIRECTORS of the EAST and WEST
INDIA DDCK COMPANY HEREBY GIVE NOTICE,
That the Transfer Books of the said Company will be SHUT
on TIIURS DAY, the 14th day of December, 1865. and OPEN
again on MONDAY, the let day of January, 1666.
By order of the Court,
GEORGE COLLIN, Secretary.
East and West India Dock House, Billiter-square,
Ist December, 1E65.

THE ATLANTIC AND GREAT WESTERN
RAIL WAY.
Capital Authorised.
Shares, $30,000,000, in Shares of $5O each.
llortgage Bonds, Six Millions Sterling, or Thirty Million
Dollars.
Issue of Consolidated Sterling Mortgage Bonds for
£2,771,600,
Laving 25 years to run, bearing Interest at Seven per
Cent. per Annum.
Secured on the whole Line of tho Atlantic and Great
Western Railway, with Branches, Extensions, and
Equipments.
.Z 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.
James Goodson, Esq., M.P., Chairman Great Eastern
Railway, London.
NV. 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, E.C.
BROKERS.

Messrs. Joshua Hutchinson and Son, Angel-court,
London, E.C.
Messrs. E. P. Satterthwaite and Co., 38, 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
,Islitish Railway public as Vics-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-
pects of the Atlantic and Great Western Railway, from
Which it appears-
-I,c Atlantic and Great Western Railway system cora-
Prises
507 miles now in work, including 17 miles recently
opened.
100 miles in course of construction.

Total 607
°f 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 1865 the receipts upon
the 322 miles then open were $.2,579,737 equal at the
present rate of exchange to $7 in the X, to X 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
Monthly traffic return shows the steady increase of
traffic.

CRYSTAL CHANDELIERS,

New designs, for the Drawing-room, either for Gas or Candle.
T DEFRIES and SO NS,
t/ • 16 and 17, COMMERCIAL-STREET.

Total. -
1865.
Miles Passengers Freight. CRYSTAL CHANDELIERS,
open. Mails, &c.
1864. 1 1865. In the Grecian and Venetian Designs.
DEFRIES and SONS,
Dollars. Dollars. Dollars. Dollars. t., • 16 and 17, COMMERCIAL-STREET.
ialrual7 322 111,751 249,379 207,298 361,130
-Oebruary... 109,718 277,930 229,041 387,648 BRONZED AND ORMOLU CHANDELIERS,
Ilarch ...... ',' 113,412 336,403 226,733 449,815 New designs, for the Dining-room,
;IPril. ....... ' 117,691 288,989 197,267 406,680 T DEFRI-ES and SON S,
4,laY ......... ' 135,434 324,988 214,679 460,442 0 • 16 and 17, COMMERCIAL-STREET.
'Tune
"Allly ... . .... 490 162,655 432,868 332,098 , 595,523 CRYSTAL LAMPS AND WALL LIGHTS
August 1 7, 213,469 525,059 406.076 I 738,528 (Registered) for India.
e
, Ptenther. „ 210,914 466,711 , 446,044 ; 677,625 J DEFRIES and SONS,
October
• 16 and 17, COMMERCIAL-STREET.

Dollars. Dollars. Dollars.
249,379 207,298 361,130
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 i 314,521 514,022
432,868 332,098 , 595,523
525,059 406,076 I 738,528
466,711 446,044 ; 677,625
512,050 ! 396,817 , 719,911
This table includes the traffic of 33 miles of the Oil
Creek Railway, which was constructed by and has
...,Itharto been worked by the Atlantic and Great Western
do
gailway Company, but does not form part of the consoli-
.
101).
The actual result, therefore, is a gross receipt at the
rate of upwards of £1,000,000 a year at the present ex-
tige, with 100 miles still to open, and a large increase
°f traffic only waiting for a further supply of rolling
Stock.

This large traffic is owing to two causes :
1. The Atlantic and Great Western line forms the
'eutral 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-
'age of forming part of an unbroken line of 1,200 miles on
uniform six-feet gauge, it must always be the best line
°I communication by which the enormous goods and pas-
Z3eger traffic centring in the Western cities of Cincinnati,
Cleveland Chicago, and St. Louis, can arrive at New
4°lll and the sea-board.
2. The local traffic is equally enormous, owing to its
traversing the newly-discovered oil districts of Pennsyl-
Y.:4:de, and the great coal-fields of Northern Ohio. Some
idea
of the local traffic thus waiting for development may
formed from the single fact that this oil district now
,yields at the rate of 3,000,000 barrels per annum, for the
~
„-unveyance of which as much as 3d. to 4d. per ton per
~,,
is willingly paid.
4•
- Consolidation of the several Divisions of the Atlantic
made,
• Great Western Railway under one executive has been
""'lltde, and a mortgage for 30 million dollars, or 6 millions
sterling of bonds has been created, and also a capital of 30
million dollars of shares of 50 dollars each, based on the
l', hole property of the Company. The new shares will
13 anPersede those previously issued, with the exception of
:919,000 dollars of Preference Shares pledged as part of
rsecurity for the Certificates of Debenture issued in
"'ember 1864, which will, therefore, remain Preferential
Until those Certificates are paid off, when the whole be-
Ztoe ordinary share capital. Provision is made in the
)3°llgage deed (under which the Consolidated Mortgage
liPnele are issued) for securing the rights of the existing
00rtgage Bonds, and also for their exchange at maturity,
zr earlier, by consent of the holder, if authorised by the
.'eard of Control ; this being completed, the present Con-
solidated Mortgage will become the first mortgage over the
whole railway, with its branches, extensions, and equip-
ments.

The Consolidated Capital will therefore consist of
$60,000,000, 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 $3,573,000 less than Mr. Forbes's esti-
mate of the annual receipt when the additional 100 miles
41.0 Opened, so that the security for the Bonds is ample,
and there is every prospect that, in addition, a high rate
aPi dividend will be paid on the $30,000,000 of Share
Ctal.
The Consolidated Bonds have 25 years to run, with
,
IPoss for interest at 7 per cent. per annum, payable
parterly, free of income tax, at the Company's Offices, in
a6ridon or New York, in gold. Interest is payable on 15th
alluary 15th April, 15th July, and 15th October of each
Year,
flt is
o,„ proposed to appropriate the total authorised issue
,000,000, or £6,000,000 sterling Consolidated Mort-
lea-610nds, as follows :
to ~; 11. reserve of $16,142,000 will be placed with trustees
exi.:,ez et, either by conversion or payment when due, the
tib-i"ag,divisional Mortgage Bonds, being the total amount
t„--,l",ues been issued, or authorised to be issued, as certi-
-01-,' °YMessrs. Coleman, Turquand, Youngs, and Co., after
examination of the Company's books and registrars, or
RilltV
to £3,228,400. This includes all Bonds issued to the
ths ,16, and also the Bonds deposited with Trustees for
rtificates of Debentures issued in November, 1864,
seem* of which remains unaffected by the present
s.egements.
Raj; The balance, viz.:—£2,771,600 is offered for public
th;,6liPtion, at the price of £BO per £lOO Bon including
'oepon due January 15, 1866, payable as follows:
45 per £lOO Bond on application ;
10
25 71 71 on allotment ;
t, on -
15th January, 1866, less coupon
. 20 £llss. due on that date ;
0 1, on 15th February, 1866 ;
Idlo • ~ „ on 15th March, 1866 ;
•£141.41g for the January Coupon, the nett price of each
zond will be £7B 55., or allowing for discount on pre-
rsts under £7B.
dise,useribers will have the option of paying in full, under
fault
t, at the rate of 7 per cent. per annum ; but, in de-
vio„„°' due payment of the respective instalments, all pre-
thte-i, payments will be liable to forfeiture. The defini-
for R;211(16 being now ready will be delivered, in exchange
C°' as soon as it is fully paid up.
4verles of the law authorising the consolidation of the
et tr al divisions and branches of the Company, and deeds
100 st or mortgage, of the form of consolidated mortgage
1:1„f IZ,and of other documents relating to the present issue
are deposited for inspection at the offices of the
flora
etikthlrications must be addressed either to the Secretary,
Vitt ?fttees of the Company, 5, Westminster Chambers,
Porric'ha-street, Westminster, S.W., to the Bankers of the
PerZanT, or to the Brokers, from whom Prospectuses and
1,,„" 611, ADec. pplication
2,1865 n be obtained.
-.

AT
L
A
N
TIC AND GREAT WESTERN RAILWAY.
((POEM OP APPLICATION.
To 41, Tobe retained by the Bankers.)
'4O Board of Control, Atlantic and Great Western
Railway Company.

11 ......
re a vil3g Paid I hereby
Mort gliest the sum of
—atFou will allot me Consolidated
tv„lsage Bonds of the Atlantic and Great Western Rail-
Ito4nd I hereby agree to accept such Consolidated
to ri44ge Bonds, or any less number that may be allotted
according to the terms of the Prospectus.
I:am, your obedient servant,
Signature
Address in full
Date