The Sun.
London, England, 1865-05-16 00:00:00

RINAIIAN'S LL WIIISKY v. COGNAC
TliB celebrated Old IRBR AN DY
E; H WHISKY rivals the finest
}ItRNCII BRANDY,
It iv Yu: e, Mild. Mellow, Delicious, and very Wholesom. e..
"". "gents
1 Bottles, 35. 9d., at the Retail Houses in London , by
"gents in the principal towns in England ; or wholesale
8, GREAT WINDMILL-STREET, LONDON, W.
"Kinahan
Observe
's t LL Red
SWhiskyeal, Pink Label, and Cork branded
."

MUTUAL LOAN FUND ASSOCIATION
14 w .
RussE
(Irporated by Act of Parliament, 1850).
I,ENi STRE ET, COVE N T-GAR DEN,
s MONEY on Personal and other Security, in sums
on -0 to £sos, to be repaid by instalments extending over
Noj, two, or three years. The large Cspital of this Associa-
enablenables it to complete its transactions without delay.
es
oatffi lees, and strict secrecy observed. Hills
.!L,J..lrseounted short notice. Farm sent free on receipt of a
tu,ceted stamped envelope.
91e Association also lends Money for the mortgages of a rc'use by a tenant, or for the liquidation tote ,on
"511118 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
(Limited). With Penivian Government Guarantee of Interest at the
onea Of £7 per cent. per annum, as hereinafter sot forth,

Total Capital of £3,340,000.
Present Issue—£l,67o,ooo, in 66,800 Shares of £25 each.
Deposit £1 per Share on Application, and £2 per Share on
Future Calls of £2lox. Allotment.
per Share will be made at intervals
of not less 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.),
1,
tn win- Cart
ili. er Esq. (Joseph Robinson and Co.). Laurence
ouney-h
Johnio Ennis, Esq., M.P., Director of the Bank of Ireland.
'ln
• S. Fletcher, Esq. (Alexander Fletcher and Co.), 10,
g's Arms- yard.
S. G. Getty, Esq., M.P. for Belfast, Onslsquare.
W. R. Lindsay E (Messrs H. Vivian and Co.),
$
3irta ingham. y' sq. "
,AlbKee, Esq., Bowling Ironworks, Bradford.
ert Ricardo, Esq., Angel-court, Throgmorton-street,
Director of the National Bank.
Robert Simpson, Esq. (Frederick Levick and Co.
Charlotte-row, and Cwm Celyn Ironworks. ),

BANKERS.
London—The National Bank.
Live London—The
National Bank of Liverpool.
Manchester—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 Ileppel, Es.q, C.E.
Messrs. Bircham, DaIrympIeCSOLIITORS.
, Drake, and Co., Parliament-
street.
Messrs. Baxter, Rose, Norton, and Co., Victoria-street.
BROKERS.
London :—Messrs. P. Cazenove and C street 0., Threadneedle-
.
Messrs. Seymour and Co., Throgmorton-street.
Liverpool :Ilessrs. Thomas Tinley and Sons.
Manchester:—Messrs. Warner and Page, Stamp Office-
buildings.
üblin ;—Edward Fox,
I) •
Esq., Dame-street.

SECRETARY.
B. A. Smith, Esq.
OFFICES.
85, Cannon-street West, E.C.
i This Company is formed for the construction and work-
ng of two lines of railway in Peru—one to
other
6eanort of risco with the town of Yca ; the o
nect the city of Arequipa
the cothne-
Por the construction of these railways the Government
guarantee
1 P.eru have granted special concessions, a
Y, income, which would app
satisfied the
that the statistics of the existing traffic have
Pen • ear exorbitant7df itgwuere not
-"flan Government that the railways, when at_ work,
will yield returns which will not only relieve the uo
the
raciat of the charge for their guarantee, but far exceed
lilitryequired for that purpose.
twenty"e Peruvian Government guarantees for the period
eodf
0.,-fie years r until the railways have
ti' ewer and above the cost and provision for repair, renoya-
produc
v-,,°4' and maintenance for tho space of two consecutive
—:a, dividends at the rate of 7 per cent. per annum;
an income of £233,800 per annum, charged upon the public
ben etsheof the State, and further secured by hypotheca-
guano shipped to European States. ce for the railways contain the usual sonprovi for
!'nembursing to the Government (out of any surplus exceed
18,_ge_a 10 per cent. per annum dividend to the shareholders)eve.
ng 11 sums, if any as i a have been paid by them to c
"ueir guarantee. ' 11
y '
~„ The concessions of these linos of railway from the Go
--
In. ernettif etint of
.Peru is for a period of 99 years. from the opento
form .10 railways. A sufficient sum will be set apart _ tac a sinking fund for the redemption of the whole Acapli
afte at a
den;i'se6a:l
premium of £lOO per cent., to be operative yelrhye
oaarr,t_nGeirst 20 years of the working of the railways.
Ileerne t Fueledeenled to be altogether cancelled, and the divi-
uch would otherwise be payable on such shares to
to 0 and form part of the sinking fund. After tle ti
(1 can Nice at which shares shall be redeemed an
tha„
shay shall be regulated at such higher or other price
fu,,,i Per cent. premium as the state of the sinking
iii;..wlirrant.
meat n it is borne in mind that the Peruvian Govern-
of y borrowed on the same security,
4)12,14411, bearing 41 per cent. per annum interest, pre-
ea don • .
the '
_ in the
~ n, it will be quite evident that, .
irrespective
being
vrel'ictof • of dividend_
realised fro a much higher rate is rapidly in course
security working of the railways, the n,haaturerse
of
ff
thetne
C o,„, should obtain a ready market for the b
,rl.Pany.
Irii-"Pr°aPects of revenue from the working of the rail-
guirsaa,r,e, however, so great as to render the Government
butent
sec ,'_"ee (in other respects so important) a feature of
,i'lluary consideration.
billee RePublic of Peru has a seaboard of nearly 1,600
p,r1,2 and an area of about 50,000 square miles. There i;:,_
cer,7l3s, no country in the world in which the elements l
12,ronercial prosperity are more complete. The mineralcea
ttbdulicts of all kinds with which its interior provinces
an
ocablicasttlioalltuczoloscritablifee
with its long stretch of coast
kinds
ifacility for the development of give
commerce
extensive scale. To this development ono
of cob__one alone exists ; the want of properin
lin_
try -axnunication between the ports and the interior co
.1),,il ant ~pubr. 1 ? of this obstacle the largo existing
nder-
takio ic is proved by its Custom returns ; and that ite_eo.
trade of the
are iiri having for their object the remedy for this_dntg.
ot,,
tlac ally to be remunerative, is shown by the wTirvkfidendst
Itt a ratea° and Lima Railway, which now gioai _ ;LpoProaching £3O per cent. per annpuamyson the ori-
Thest f construction.
I,iiie.ordinary charge for the conveyance of goods. per
like Peru is equal to the charge for the carriage of
ip ealltitY in Great Britain 14 miles.
tle e construction f the railways to be undertaken by
is cern o
im-
norfatt PanY Will establish communication between
proper
he__ centres of commerce in the interior and the
r v on. the sea coast.
traffine line from Mejia to Arequipa is laid out to serve the
to then which at present takes the route from the latter city
of c ' Port of Isla , a route which forms the main channel
Bo°lntaunication3ero the coast to the districts of Are
BolPiviaa' hunt), and Cuzco, and the northern portion of
tatiii:he connection with the last mentioned State is itni pore-
to
ss the establishment of a system of railwayts.siftabl
4rails °Wn wants is now a subject of serious attention. The f abY 11°W proposed would form one of the. main ?i. _
ari-' eh system to the coast of the Pacific, acirFum
trans:
WhichW alone must secure it a considerable additional
The
he most remunerative description.
Bt_ railway from Pisco to Yea is proposed to be con-
50"cre.d un.der conditions analogous to those of the Callao
tl„trLuna line already referred to.
oili the easy character of the line, and a largo existing
reltne ni the difitrict to be traversed, it is evident that the net
*rue raust greatly exceed the guaranteed amount.
The lengths of the proposed lines are as follows
llejia to Arequipa .
90 miles.
pisoo
to
.„,.0a
..................... .
x ............................ 46 miles.
Total .
entered into with the Inteliell
A contract for the ..
c..o.n.'s'i. ...
............ 136 miles.
(.11ann
aolf
Contractt he li ns
Choan
as been
an y
Limited with
to the estimates of G. P. Bidder, Esq.,
C•L'aaencOtrjdanMc'enweiPthPetilleEtscierm” sCo'Ef each concession the Com-
pany will be converted into a Soeidte"_
bearer, or, if necessai7, into two SAoctii°"entLinie
to
Tho capital of the
nYnies,will be £3,340,000—.th be issued in Societ6 nwointh shares
Ymesno-
oaclaSroecaiaent6dshoAnda.
~..1:110. present Company has been formed as a Limited
all%loility Company, the shares in which will be exchange-
AID-1 for shares of a like denomination in the Socie'td
,nonme.
of Ctohpaies of the Articles of Association, of the Contract, and
toe 0 Acts of Concession Association,
translations, are open, at
rr ffices of the Company for inspection by parties desi-
-B.la to become subscribers: so that they may make them-
sqeacoacquai.nted with all the provisions and conditions of
rii, nCesslOns
4. Re d . • .
kite, Posit paid on application for shares will be for-
the and the allotment cancelled in cases where the furt -
thertPaYment on allotment is duly made in accordancewi h
App erms of the allotment letter.
fn,_lications for shares must be made in the annexed
b"eitne, addressed to the Directors •, but no application willf
the li2'4Bidered unless accompanied by the receipt of onerfoi_
her
of nkers of the Company for £1 per share on the pu
ovetit shares applied for. This sum will bo returned in the
1, of the application 'not being acceded to.
be h°A.7B.fof Application for Shares and Prospectuses may
rp,, e -0 ati.onal Bank,
The .
London ;
4-411 National Bank of Liverpool ;
The "lank of Ireland, and its several branches, Ireland;
Al ?11eranches of the National Bank, Ireland ; _
At ii._ Offices of the Brokers of the Company
85, Caui° Offices of the International Contract Company,
nnon-street, West, London, E.C.
---
P°llll OF APPLICATION FOR SHARES.
Ptiztrxr, A
~,. (To be left with the Bankers.)
1,y041-`1 RAILWAYS COMPANY (LIMITED).
To th •
--0 Directors of the Peruvian Railways Company
(Limited).
tr„ Gentlemen (Limited).
t 'Mg paid to the Bank the sum of
recniest ,being .E 1 per Share on Shares,
each
ill
th._
_7ou to allot me Shares of £25 eac
forki`f l'epivian Railways Company (Limited),lin con-
greel with the Prospectus issued by you, and. htetreby
Alteito become a member of the Company, subjec t o itisl
to ~...", or any
°a:
inAyssnoacmiaetimonaanbde Regulations, and to accep sued
less number that may be allotted to me, an
, :1/4'3' the further sum due on allotment thereof, and I re-
:I:las:::
r in respect of the Syflarepsl.ca'tleleodtteend tthoemßee.gister of Mem-
-1 ain, Gentlemen, your obedient servant,
Name in full
Address in full
Reference
Date