The Sun.
London, England, 1870-11-03 00:00:00

:SUBSCRIPTION FOR £145,000 PERPETUAL
FIVE PER CENT. B. DEBENTURE STOCK of the
DEVON AND SOMERSET RAILWAY,
Which, by Agreement confirmed by Act of Parliament, is to be
worked inPerpetuity by the
BRISTOL AND EXETER RAILWAY.

Price of Stock, £75
,per £lOO stock, yielding to the Investors
1.15 13s. 4d. per cent. per annum interest.

Three years' interest specially guaranteed by the investment
in Government securities of the amount necessary to pay the
same in the names of John Arthur Locke, Esq., North Moor
House, Dulverton, Somerset, Deputy Chairman of the Devon
and Somerset Railway ; and Edmund llaviland Burke, Esq.,
M.P., 13, Arlingten-street, London, who have consented to act
as trustees for the B. Debenture Stockholders, and will apply the
amount in the payment, half-yearly, of such interest as it
falls due.

Messrs. FIELD, WOOD, and lIAYNES are authorised by the
Contractor to dispose of £145,000 (part of £106,000) Perpetual
13. Debenture Stock of the Devon and Somerset Railway, bearing
5 per "ent. per annum interest from the 80th October, 1870.
The price of the stock now offered is £75 for each £lOO stock ;
it will be transferred in any amount not being less than £lOO
stock, and payment Will be accepted as follow a :
£lO on eaoh £lOO Stock subscribed, payable on application
15 ~ ' Pt 15th November, 1870.
25 ~ 16th January, 1871.
es . 15th April, 1871.

The stock will bear interest at 6 per cent. per annum, from the
30th October 1870 equr.l to RA 13s. 4d. per annum on the Amount

aayaftheas.isiwkadot,plo44..
instalments on either of the above dates, in which case discount
will be allowed in addition at the rate of 6 per cent. per annum
on such prepayments.
The interest will be payable half-yearly, on Ist January and
Ist July in each year, at the National Provincial Bank of Eng-
land, London.
Certificates of payment will be issued in exchange for the
Bankers receipts, to be substituted, when fully paid up, for
debenture stook certificates of the Company, the stock being
transferred into the name of each Applicant, free of all stamp
duty.
The capital of the Company consists of

lst.—A. Debenture Stock, bearing 6 per cent.
interest—all issued ..
.. ..
2nd.—B. Debenture Stock, bearing 5 per cent.
interest (the stock now offered for subscription
—being part thereof) .. ..
..
3rd Preference and Ordinary Share Capital—all
issued .. .. .. ..

270,000

163,000

272,700

£108,700

The agreement with the Bristol and Exeter Railway, the Acts
of Parliament, and the Company's Scheme of Arrangement,
may be seen at the offices of the solicitors of the Devon and
Somerset Railway Company, Messrs. COMBS and WAINWRIGHT,
9, Staple Inn, London, of whom any further information may be
obtained.
Applications, accompanied by the payment of £lO per cent.,
will be received on the enclosed form, which must be filled up
and forwarded to the NATioNAL PROVINCIAL BANE or ENG-
LAND, 112, Pishopsg,ate-street Within, London, or its branches,.
or to Messrs. FIELD, WOOD, and HAYNES, Stockbrokers, 9,
Warnford-court, Throgmorton-street, B.C.

THE DIRECTORS AND OFFICERS OF THE
DEVON AND SOMERSET RAILWAY

are :
DIRECTORS.
The Right Hon. the LORD POLTIMORE, Foltimore Park,
near Exeter, Devon, Chairman.
John Arthur Locke, Esq., North Moor House, Dulverton,
Somerset, Deputy-Chairman.
Mr Win. G. Throckmorton, Bart., Buckland, Faringdon, Borks.
Thomas Collett Sandars, Esq., Minchenden Lodge, Southgate.
John Thomas Nash, Esq., South Holton Court, Devon.
Henry Gorges Moysey, Esq., Bathealton Court, Wellington,
Somerset.
Charles Frederick Clements, Esq., 3, Forchester-square, London.

ENGfNEEK.
Richard Renard, Esq., M.1.C.E., 1, Westminster Chambers,
Victoria-street, S.W.
SOLICITORS.
Messrs. Combe and Wainwright, 9 Staple Inn London.
Messrs. Richard and Son, South Molten, Devon.
BANKERS.
The National Provincial Bank of England, 112, Bishopsgate-street
Within, London, E.C., and its Branches.
SECRETARY.
R. M. MUGGERIDGE, Esq.
Offices Little Queen-street, Westminster, London, and
Taunton, Somerset.
Messrs: Field Wood, and Haynes, in bringing this Stock
before the public, call their attention to the following facts :
The Devon and Somerset Railway, 42 miles in length, com-
mences at Norton, near Taunton, Somerset, forming a junction
with the Bristol and Exeter Railway there, and terminates at
Barnstaple, Devon, crossing by a direct route from east to west,
Milverton, Wiveliscombe, Bampton, Dulverton, North and
South Melton, Swinbridge and Landkey, saving nearly 40 miles
on the existing route from the West of England to Bristol and
the North, and bringing the entire district traversed within
much easier reach of the Metropolis.
The present route from the north, north-east, and east, to
Barnstaple and the West of England is round via Taunton, by
Exeter, a very circuitous route.
When the Devon and Somerset Railway is open, a saving
-of nearly 40 miles In distailetfrltatt conseViettly economy of
time and expense, will be effected by all traffic between the
Metropolis and places north of it and the large district which
will be served by the Devon and Somerset Railway.
By special agreement, confirmed by Act of Parliament, the
Bristol and Exeter Railway Company are to work the Devon
and Somerset Railway in perpetuity, and pay over to it half-
yearly 50 per cent. of the gross receipts.
`Arrangements have also been made by which the Midland
Railway Company is under agreement to allow the Devon and
Somerset Railway 10 per cent. rebate on the traffic passing
over their line ; and the Bristol and Exeter Company have
agreed to allow a similar rebate of £5 per cent. on their line.
As a safe investment, English Railway Debenture Stock is well
known ' • it possesses at once the advantage of a fixed income,
and that of rapid increase of value, and consequent augmenta-
tion of UN capital invested.

Subscription for £145,000 Perpetual 5 per cent. B Debenture
Stock of the
DEVON AND SOMERSET RAILWAY,
(Being part of £166,000.)

FORM OF APPLICATION,
To be retained by the Bankers
To Messrs. FIELD, WOOD, & HAYNES, 9, Warnford-court,
Throginorton-street, London.

Gentlemen,
llaving paid to the National Provincial Bank of England the
Sum of pounds, being 10 per cent. on X. of 5 per
cent. B Debenture Stock of the Devon and Somerset Railway
Company, I request you to transfer to me that or any less amount
of the, said Stock, and I hereby agree to accept such transfer,
and to pay the balance in respect of such Stock, according to the
terms of the Prospectus attached hereto, dated 28th October,
1870. ',

Name (in fu11)...... ............
.....
Profession (if any).
..
.........:
:•
Addiylon to be filled up if the Applicant wishes to pay up in full.
I desire to pay up my Subscription in full, receiving discount
for preliayment of the instalments.
Signature.
The above is abridged from the full Prospectus, which, with
forms of applications, may be had of
Messrs. FIELD, WOOD, ez HAYNES,
9, Warnford-court, Throgmorton-street, London, E.C.

QUBSCRIPTION for £145,000 PERPETUAL
k...) FIVE PER CENT. DEBENTURE STOCK of the DEVON
and SOMERSET RAILWAY. NOTICE IS HEREBY GIVEN,
that the LISTS of APPLICATION for the above will be CLOSED
on SATURDAY next, the sth November, for ondon, and on
MONDAY, the 7th November, for country applicLations.
FIELD, WOOD, and HAYNES.
9, Warnford-court, Throgmorton-street, 8.C.,
London, Slst October, 1870.

TIGHTEENTH ANNUAL WLNTER EXHI-
BITION of CABINET PICTURES by British and Foreign
Artists is now OPEN, at the FRENCH GALLERY, 120, Pall
Mall, from half-past ten till Ave o'clock. Admission, ls. Cata-
logue, Gd.