The Sun.
London, England, 1865-05-18 00:00:00

ICSAHAN'S LL. WHISKY v. COGNAC
TiAle
lip—.4loll BRANDYId eels irate,' BRANDY.
F O IRIS WHISKY rivals the finest
,
H
It 14 Pure, Mild, Mellow, Delicious, and very Wholesome.
talti4ll--zeinntliBolixttullts4 3s. 84ipRetail Houses in London; by
pringal towns in England; or wholesale

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

I[UTUAL LOAN FUND ASSOCIATION
(Incorporated by Act of Parliament, 18:0),
14, RUSSELL-STREET, COVENT-GARDEN,
LANDSot 4., MONEY on Personal and other Security, in sums
t-0 to 4500, to be repaid by instalments extending over
ine, two. or three years. The large Capital of this Associa-
ncou enables it to complete its transactions without delay.
Meinquiry or office fees, and strict secrecy observe& Bills
counted at short notice. Form sent free on receipt of a
.ITcted stamped envelope.
hoi,,he Association also lends Money for the purchase of a
t-dug Most
bY let ant, or for the liquidation of mortgages, on
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.
)ERUVIAN RAILWAYS COMPANY
with (Limited).
Peruvian Government Guarantee of Interest at the
tate of £7 per cent. per annum, as hereinafter set forth,
ott a

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
Allotment.
Future Calls of £2los. per Share will be made at intervals
Seven 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.),
'l'
p m. Carter, Esq. (Joseph Robinson and Co.). Laurence
ountne-hill.
John Ennis, Esq., M.P., Director of the Bank of Ireland.
P• S. Fletcher, Esq. (Alexander Fletcher and Co.), 10,
ngs Arms-yard.
S. G. Getty, 'Esq., M.P. for Belfast, Onslow-square.
b.. R. Lindsay, Esq. (Messrs. H. H. Vivian and Co.),
..irraingjaarn.
L. Koe, Esq., Bowling Ironworks, Bradford.
-,,:tubrt Ricardo, Esq., Angel-court, Throgmorton-stroet,
4-nrector of the National Bank.
_ Robert Simpson, Esq. (Frederick 'Levick and Co.),
uharlotte7row, and Cwm Celyn trcui*orks.--
BANKERS.
London—The National Bank.
LiverpoolT National Bank of Liverpool.
Manchester -The Manchester and Liverpool District Bank.
""ieland—The Bank of Ireland, and its Branches.
The Branches of the National Bank.
CON'TRACTORS.
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.
BROKERS.
London :—Messrs. P. Cazenove and Co., Threadneedle-
street.
Messrs. Seymour and Co., Throgmorton-street.
rpool :—Messrs. Thomas Tinley and Sons.
Alanchester :—Messrs. Warner and Page, Stamp Office-
buildings.
Dublin :—Edward Fox, Esq., Dame-street.
SECRETARY. . •
B. A. Smith, Esq.
OFFICES.
85, Cannon-street West, E.O.

• This Company is formed for the construction and work-
ing of two lines of railway in Peru—one to connect the
port of Pisco with the town of Yca ; the other to con-
nect the city of Arequipa with the port of Mejia.
For the construction of these railways the Government
of Peru have granted special concessions, and a guarantee
th rn; which would appear exorbitant, if it were not
at the statistics of the existing traffic have satisfied the
Peruvian Will Government that the railways, when at work,
nti Yield returns which will not only relieve the Govern-
s_ent of the charge for their guarantee, but far exceed the
a,tuxhi:eq.nuired for that purpose.
talent .7rilvian Government guarantees for the period of
oiler--Y-uove year r until the railways have produced
tl and above the cost and provision for repair, renoya-
Ye°el;ra:tncl ?lam' tenance for the space of two consecutive
a, dividends at the rate of 7 per cent. per annum --
rev name of £233,800 per annum, charged upon the public
tioteilues
f of the State, and further secured by hypotheca-
cessle%tir guano shipped to European States. The
cofno;
rehub,,-8 '.:or the railways contain the usual provision
lug .I„raiug to the Government(out of any surplus exceed
isa-h-o„" Per cent per annum dividend to the shareholders)
the- ""nas, if any,. in have been paid by them to cover
-e,viri,gilarantee. as
aY
vern'The e°ncessions of these lines, of railway from the Go-
bi —ant of Peru is for a period of 99 years from the open-
fort% of the railways.,;,, A sufficient sum will be set apart to
tal --att+ —"lung fund for the redemption of the whole capi-
aft'er-i',.a Premium of £lOO per cent., to be operative yearly
share lie first 20 years of the working of the railways. The
deride Co redeemed to be altogether cancelled, and the divi-
ae, which would otherwise be payable on such shares to
60-.. e to and form part of the sinking fund. After the first
caleare the price at which shares shall be redeemed and
than celed
shall be regulated at such higher or other price
filn 41" Per cent. premium as the state of the sinking
-w.di.shall warrant.
inept' .ueu it is borne in mind that the Peruvian Govern-
'f L o
boar bearing 4.1 per cent. per annum.inter.esre-
of ate owed on the same security, is rapidly in course
%einction, it will be quite evident that, irrespective of
realisePrd°sPect of a much higher rate of dividend being
see„,.. from the working of therailways, the nature of the
ColbPan 43' Should obtain a ready market for the shares of the
The Y*
Ways ospects of revenue from the working of the rail-
guarantee arPer however, so great as to render the Government
(in other respects so important) a feature of but
conda—
Lyconsideration.
nine " liepublic of Peru has a seaboard of nearly 1,600
perha, anti an area of about 50,000 square miles. There is,
eera der, no country in the world in which the elements of
propercial prosperity are more complete. The mineral
boon of all kinds with which its interior provinces
almond, combined with its long stretch of coast, give it an
oh tail"' unrivalled facility for the development of commerce
ebsttte most extensive scale. To this development one
of en,ale—and one alone—exists ; the want of propermeans
try —4reunication between the ports and the interior cotm-
, ItepebTi'Le of this obstacle the large existing trade of the
talpnc le proved by its Custom returns ; and that under-
:lair,: having for their object the remedy for this defect,
the ''.e„l3r to be remunerative, is shown by the working of
at a a"ao and Lima Railway, which now pays dividends
aPproaching £3O per cent. per annum on the oxi-
°' „„ cost of construction.
initne ordinary charge for the conveyance of goods per
like in Peru is equal to the charge for the carriage of a
,onantity in Great Britain 14 miles.
this construction of the railways to be undertaken by
porta'c'rePany will establish communication between
is
centres of commerce in the interior and the proper
47,1, on the sea coast.
trA,ne line from Mejia to Arequipa is laid out to serve the
to the which at present takes the route from the latter city
of
~uoo port of Islay, a route which forms the main channel
quir,nrclo_unication from the coast to the districts of Are-
lliruno, and Cuzco, and the northern portion of
The
taw. Connection with the last mentioned State is bnpor-
te ii,
.aa the establishment of a system of railways suitable
lail°lN% wants is now a subject of serious attention. The
of an.,aY now, proposed would form one of the main outlets
staig suela system to the coast of the Pacific, a circum.
trafi: v'llich alone must secure it a considerable additional
The of the most remunerative description.
!Arlie a l'ailway from Pisco to Yca is proposed to be con-
anti Limy under conditions analogous to those of the Callao
0 ma line already referred to.
t,..2; in the easy character of the line, and a large existing
revin the district to be traversed, it is evident that the net
The lengths
must greatly exceed the guaranteed amount.
.n lengths of the proposed lines are as follows :
Pejia to Arequipa
lace to Yca, 90 90 miles.
46 miles.

Total .... .
...... 136 miles.
A contract for the construction the lines has been
entered into with the International Contract Comp.any
Limited), according to the estimates of G. P. Bidder, Esq.,
U.E., and J. M. Ileppel, Esq., C.E.
tonyln accordance with the terms of each concession the Com-
will be converted into a Soci4t6 Anonyme with shares
bearer, or, if necessary, into two Soci6tds Anonymes.
The capital of the Soci4t6 Anonyme, ci6t4s Anal.
1:1314„, ee,will be .f.,3,340,000—t0 be issued in shares andbonds.
'present Company has been formed as a Limited.
44iability Company, the shares in which will be exchange-
able for shares of a like denomination in. the Sociitd
A.nottyrne.
t% ,opies of the Articles of Association, of the Contract, and
roueC the Acts of Concession, with translations, are open, at
Zileices of the Company, for inspection by parties desi-
become subscribers, so that they may make them-
accilkainted with all the provisions and conditions of
--;.-;10. concessions.
fe,i,-(112 deposit paid on application for shares will be for-
th-7' and the allotment cancelled in cases where the fm•-
tla-r Payment on allotment is duly made in accordance with
e, terms of the allotment letter.
f APplications for shares must be made in the annexed
b°oll3, addressed to the Directors ,• but no application will
tefteidered unless accompanied by the receipt of one of
be e Bankers of the Company for £1 per share on the num-
,l. of shares applied for. This sum will be returned in the
nt of s the application not being acceded to.
0"l;_orni had at, at_ Application for Shares and Prospectuses may
-
The
National Bank, London;
„e
National Bank of Liverpool ;
Theßank of Ireland, and its several branches, Ireland ;
l3ranches of the National Bank, Ireland ;
At the Offices of the Brokers of the Company ; and
85A1 the Offices
t West,o London, the InternatiEX/. onal Contract Company,
Cannon-stree,

FORM OF APPLICATION FOR SHARES.
(To be left with the Bankers.)
Tr, t/To
VIAN RAILWAYS COMPANY (LIMITED).
Directors of the Peruvian Railways Company
(Limited).
Gentlemen,a'N'ing paid to the Bank the sum of
toou , being .£1 per Share on Shares, I
ietiBt
_you of alot me Shares of £25 each
fe.et veruvian Railwayi Compan 1'
eg 1.3' with the Prospectus issued y you, and hereby.
AtP),t° become a member of the Company, subject to its
131,:e'es of Association and Regulations, and to accept such
to jes, or any less number that may be allotted to me, and.
(I,,t'aY the further sum due on allotment thereof, and I re-
beBt that my name ybe placed on the Register of Afem-
-1.8 inrespect of the Shares allotted to me.
I am, Gentlemen, your obedient servant,

'Name in full
Address in full
Reference
Into timmuom•mmai•slislo