The Sun.
London, England, 1865-05-17 00:00:00

RINAIIAN'S LL WHISKY. v. COGNAC
RANDY.
T,its celebrated Old IRISH WHISKY rivals the finest
.ILRNCII BRANDY, .
Ir 14
Pure, Mild, Mellow, Delicious, and very Wholesome.
Sold in Bottles, as. ,at the Retail Houses in London ;by
gents•the principal towns in England ; or wholesale

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

MUTUAL LOAN FUND ASSOCIATION
(Incorporated by Act of Parliament, 1850),
14, RUSSEr.L-STREET, COVENT-GARDEN,
,LENI DS MONEY on Personal and other Security, in sums
420 to £5OO, to be repaid by instalments extending over
91e, two or three years. The large Capital of this Associa-
V,?n enables it to complete its transactions without delay.
IV Inquiry or office fees, and strict secrecy observed. Bills
..Iscounted at short notice.. Form sent free on receipt of a
directed stamped envelope.
The Association also lends Money for the purchase of a
houseterms by a tenant, or for the liquidation of mortgages, on
rrus most advantageous to the borrower.
EDWARD HARPER, Secretary.

The NATIONAL BANK is authorised to receive SUB-
SCRIPTIONS for the SHARES of the PERUVIAN
RAILWAYS COMPANY, on the terms of the follow-
ing Prospectus.
pERUVIAN • RAILWAYS COMPANY
With (Limited). •
Peruvian Government Guarantee of Interest at the
rate of £7 per cent. per annum, as hereinafter set forth,
oil a

Tol C of £3,340,000.
Present Issue—,£l ,670apital,000, in 66,800 Shares of £25 each.
Deposit £1 per Share on Application, and £2 per Share on

Allotment.
Future Calls of £2los. per Share will bo made at intervals
of not loss than three months between each Call.
'even per cent. per annum will be paid during the con-
struction, and is guaranteed by the International Con-
tract Company (Limited).
DIRECTORS.
William Latham Bailey, Esq. (Bailey Brothers and Co.),
-Liverpool.
pountne -hill:
Wm. Carter Esq. (Joseph Robinson and Co.). Laurence
John Ennis, Esq., M.P., Director of the Bank of Ireland.
.„
S. Fletcher, (Alexander Fletcher and Co.), 10,
Armtyard.
S. G. Getty, Esq., M.P. for Belfast, Onslow-square.
nW. R. Lindsay Esq (Messrs. H. H. Vivian and Co.),
ngam. ,inni h Lindsay
S. L. Kee, Esq., Bowling Ironworks, Bradford.
Di Al
rectbertor of Ricatherdo, Esq, Ange l- court, Throgmorton-street,
National Bank.
Robert Simpson, Esq. (Frederick Levick and Co.),
Charlotte-row, and Cwm Celyn Ironworks.

BANKERS.
London—The National Bank.
Liverpool—The National Bank of Liverpool.
2&lanchester—The Manchester and Liverpool District Bank.
Ireland—The Bank of Ireland, and its Branches.

The Branches of the National Bank.
CONTRACTORS.
The International Contract Company (Limited).
ENGINEERS.
George Parker Bidder, Esq., C.E.
John Mortimer Heppel, Es.q, C.E.
SOLICITORS.
Messrs. Bircham, Dalrymple, Drake, and Co., Parliament-
street.
Messrs. Baxter, Rose, Norton, and Co., Victoria-street.
humans.
London :—Messrs. P. Cazenove and Co., Threadneedle-
street.
Messrs. Seymour and Co., Throgmorton-street.
Liverpool :—Messrs. Thomas Tinley and Sons.
Manchester :—Messrs. Warner and Page, Stamp Office-
buildings.
Dublin:—Edward Fox, Esq., Dame-street.

SECRETARY.
B. A. Smith, Esq.
OFFICES.
85, Cannon-street West, E.C.

This Company is formed for the construction and work-
.-•-•g of two lines of railway in Peru—one to connect the
•'eaPert of Pisco with the town of Yca. ; the other to con-
nect the city of Arequipa with the port of Mejia.
ofPor tho construction of these railways the Government
Peru have granted special concessions, and a guarantee
ui income, which would appear exorbitant, if it were not
that the statistics of the existing traffic have satisfied the_
vian Government that the railways, when at work,
-Lii• Yield returns which will not only relieve the Govern-
tient of the charge for their guarantee, but far exceed the
sum required for that purpose.
tent Peruvian Government guarantees for the period of
"sutY-five years—or until the railways have produced
(t).ver and above the cost and provision for repair, renova-
and maintenance for the space of, two consecutive
1,,,-aFB7 dividends at the rate of 7 per cent. per annum—
s"
f``
9ve Income of £233,800 per annuin, charged upon the public
L2ftnues of the State, and further secured by hypotheca-
of the guano shipped to European States. The con-
ylsions for the railways contain the usual provision for
'oeinibursing to the Government(out of any surplus exceed-
such ga 10 Per cent. per annum dividend to the shareholders)
their sums if i(ny, as may have been paid by them to cover
concessions of these lines of railway from the Go-
rgtug of Peru is for a period of 99 years from the open-
t. rof the railways. A sufficient sum will be sot apart th
;', sinking fund for the redemption of tho whole cap-
afte ";_s premium of £lOO per cent., to be operative yearly
dearesitar the
first 20 years of the working of the railways. The
411 r so redeemed to be altogether cancelled, and the divi-
thelsAlritich 'would otherwise be payable on such shares to
years and form part of the sinking fund. After the first
°ancthe price at which shares shall be redeemed and
tha,i- 4„eu• be regulated at such higher or other pyice
100 per cent. premium as the state of the sinking
When warrant.
naeo"tlno it is borne in mind that the Peruvian Govern-
-241, bearing 41 per cent. per annum interest, pro-
ne
of ex uerrowed on the same security, is rapidly in co. u _
th tinction, it will be quite evident that, irrespective of •re Prospect of a much higher rate of dividend being
BeZsed*from the working of the railways, the nature of the
ComtitY should obtain a ready market for the shares of the
Pny
The •
Sys ProsPects of revenue from the working of the rail-
gora ti.a however, so great as to render the Government
aoe°4 Lee (in other respects so important) a feature of but
larY conside
ration
NI," Republic of Peru has a seaboard of nearly 1,600
and Perhaps non area of about 50,000 square miles. There is,
country in the world in which the elements of
proLudinercial prosperity are more complete. The mineral
ab4%ts of all kinds with which its interior provinces
combined with its long stretch of coast, give it an
oo tt' unrivalled facility for the development of commerce
ob,s, most extensive scale. To this development one
of "--'co ele---and one alone--exists ; the want of propermeans
try, nuunliication between the ports and the interior coun-
1141inhall?it? of this obstacle the largo existing trade of the
.taklo Is Proved by its Custom returns ; and that under-
- aro XI having for their object the remedy for this defect,
the Callao
to be remunerative, is shown by the working of
at a rate- and Lima Railway, which now pays dividends
gival S•PProaching £3O per cent. per annum on the 0n-
,110,:•e_5t..91 construction.
Mae iu'rrary charge for the conveyance of goods per
quantity is equal to the charge for the carriage of
It' in Great Britain 14 miles.
Ns construction of the railways to be undertaken by-
Porta Ca construction
will establish communication between im-
,_
ant centres of commerce in the interior and the proper
v., on the sea coast.
.4464 line from Mejia to Arequipa is laid out to serve the
to the which at present takes the route from the latter city of
o".'s Port of Islay, a route which forms the main channel
got tumunication from the coast to the districts of Are-
Puno, and Cuzco, and the northern portion of
via,
Tho
taw. connection with the last mentioned State is iippor-
to jam the establishment of a system of railways suitable
ratr, Own want§ is now a subject of serious attention. The
of an y new proposed would form one of the main outlets
such system to the coast of the Pacific, a circum-
66`a•Lice which alone must secure it a considerable additional
The
of the most remunerative description.
-he railway from Pisco to Yca is proposed to be con-
. ay.
' under conditions analogous to those of the Callao
awl Lima line already referred to.
trafficpr°lll the easy character of the line, and a large existing
in the districtto be traversed, it is evident that tho net
revenue must greatly exceed the guaranteed amount.
The lengths of the proposed lines aro as follows :
Reim to Arequipa Pisco to Yca ....."'•.......•.•..•................... 90 miles.
.......................... 46 miles.

Total , ............... . ........... 1-36 iles.
A contract for the construction of the linems has been
entered into with the International Contract Company
(Limited), according to the estimates of G. P. Bidder, F,sq
.8., and J. M. Heppe], Esq., C.E. ,
t In accordance with the terms of each concession the Com-
pany will be converted into a Socidt6 Anonyme with shares
to bearer, or, if neCessary, into two Socidtds Anonymes.
. The capital of the Societ6 Anonym°, or Soci6t6B Ano-
ymes,will be 000--to be issued in shares andbonds.
The present Company has been formed as a Limited
Liability Company, the shares in which will be exchange-
able for shares of a like denomination in the Socidt6
Anonyme.
?f Copies of the Articles of Association, of the Contract, and
the Acts of Concession, with translations, are open, at
the
offices of the Company, for inspection by parties desi-
l'otts to become subscrilDers, so that they may make them-
„„aelv,es acquainted with all the provisions and conditions of
-uee concessions.
fe.l:_he deposit paid on application for shares
thiLed and the allotment cancelled in cases where the
willbe
ffuorr:
ujeAr,PaYment on allotment is duly made in accordance with
"A berms of the allotment letter.
'4-PPlicati for shares must be made in the annexed
f,
addressed ons
..
ljta, to the Directors , but no a 7:_c!.z_isidered unless accompanied by the receipt
Pplicaotifononwileofl
b" Bankers of the Company for £1 por share on the num-
evel: q shares applied for. This sum will be returned in the
ent
Fo of the application not being acceded to.
be ha ~,,
—"is of Applica 1 Con for Shares and Prospectuses may
d
,T National Bank, London ;
National Bank of Liverpool
Thehe ;
Bank of Ireland, and its several branches, Ireland;
branches of the National Bank, Ireland ;
At +
A, -he Offices of the Brokers of the Company ; and
8 -r; the Offices of the International Contract Company,
4114 mi-street, West, London, E.C.
PORI' 0-

JF APPLICATION FOR SHARES.
Te (RAI
WAYSh tiCOMPANY) (LIMITED).
,4 O.
the Directors of the Peruvian Railways Company
(Limited).

l MGentlemen A/.
paid to the Bank the sum of
pot, being £1 per Share on Shares, I
h:b VAI to allot me Shares of £25 each
for kit '-eruvian Railways Company (Limited),linerceoli3iy-
agree Vith the Prospectus issued by you, and. h
kto become a member of the Company, subject to its
lrees of Association and Regulations, and to accept suet!
to pa e, or
auy less number that may be allotted to mdlanred-
'lLaegt-tita'te further sum due on allotment thereof, an _
.'ll3 In at
Illy name may be placed on the Register of Mem
tespect of the Shares allotted to me.
I am, Gentlemen, your obedient servant,
Name in full
Address in full
Reference

Date