The Sun.
London, England, 1869-08-02 00:00:00

'METROPOLITAN DISTRICT RAILWAY.

Issue of .£650,000 Perpetual 5 per Cent. Preference Capita
of this Company, at 681 per Cent.

Being the remaining portion of £1,500,000 offered to the
Shareholders on the 25th of last month at 70, in terms
of the Circular of the Board of that date, giving full in-
formation as to the position of the Company, £850,000
having been already subscribed.

Mr. J.T. MACKENZIE is authorised to offer for Public
Subscription, £650,000 nominal value of the above Stock,
at the price of £6B 10s. por £lOO Stock.
Applications to be made in the annexed form to Mr. J.
T. Mackenzie, 9, Old Broad-street, or the Brokers, Messrs.
P. Cazenove and Co., Threadneedle-street, accompanied
by a Deposit of £5 per £lOO to the Bankers, Messrs. Glyn,
Mills, Currie and Co., Lombard-street.
The Instalments will be payable as follows:
.£5 oon Application
5 0 " Allotment
10 0 " Ist September
12 10 " Ist October
12 10 " Ist January, 1870
12 10 " Ist April
11 0 " Ist July

£6B 10

Subscribers will have the option of prepaying the above
Instilmenti at any of their due dates under discount fur
the intervals, at the rate of 5 per cent. per annum.
Scrip Certificates, countersigned by the Secretary of the
Company, will be issued on Allotment exchangeable fur
Suck, when fully paid up, free of all charge.
9, Old Broad-street, E.C.,
July 30, 1869.

Abstract of Directors' Circular of 25th June, copies of
which may be had at the Secretary's Office, and at No.
9, Old Broad-street:
METROPOLITAN DISTRICT RAILWAY.

Miles,

Length of Main Line, Kensington to Cannon-street
via Brompton, Chelsea, Pimlico, Westminster,
Charing-cross, the Temple, and Blackfriars 4
Hammersmith and West Brompton Line 2.

Which is completed, except the Terminal Station and
Connecting Line at tiammbrsmith, and the portion be-
tween Westminster and Cannon-street, to construct which
this issue is made ; the Ist August, 1870, being the date at
which the Circular states that the Line will be completed
and opened to Cannon-street.
The estimated Net Revenue, based on the re-
sults of the existing Metropolitan Railway,
per annum £200,000
Ist Charge —Debenture Interest £70,000
2d Charge—Present Issue of £1,500,000
Preference Stock

. . 75,000

145,000

Leaving for Dividend on .£2,2.50,000 on Ordi-
nary Stock already issued and fully paid up £55,000
The Preference Stock now offered is, therefore, secured
by paid-up Share Capital of £2,250,000, and the full Divi-
dend on it would be earned even if the traffic were to fall
considerably below this estimate.

TO MR. Z. T. MACKENZIE.

9, Old Broad-stroet, London.

Sir, —Having paid to 3lessrs. Glyn, Mills, Currie and
Co. the sum of £ as a deposit on my application
for X of Perpetual X 5 per Cent. Preference
. .

Capital of the Metropolita District Railway, I request
that you will allot me that amount, and I engage to pay
the further instalments upon that, or any lesser amount
you may allot to me, as they shall become due, and in de-
fault of which my previous payments shall be liable to
forfeiture.

Nanics
A ddress
Desc: iption
Signature
Addition to be filled up if the Applicant wishes to pay up
in full.

I desire to pay up my Subscription in full, receiving
Discount thereon, from the intervals of payment, at the
rate of ..£3 per cent. per :annum.
Signature
(This Letter of Application must be prescuLd entire to
the Bankers )

BANKERS' RECEIPT.
London, 186
Received of the sum of
Pounds, being the deposit upon an application for
Scrip Certificates of £lOO each, in the Perpetual £5 per
Cenc. Preference Capital of the Metropolitan District Rail-
way Ccmpany.
For Messrs. Glyn, Mills, Currie and Co.,