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YUNG'
:3, No.
coil!' 11

R. RAREY'S ESTABLISHMENT, the
Rare
ROUND HOUSE, Sinnerton-street, Belgravia. Mr.
ITth 37Wi1l give Lessons, at the Round House, on THURSDAY, the
; SATURDAY, the 19th, and MONDAY, the 21st-of June, at
igut Past 3 p.m.
To Prevent disappointment, Gentlemen who are desirous of
receiving instruction are requested to forward their names to the
sibWY. at Messrs. Tattersall's, Grosvenor-place, as early as pos-
lrs
the, in order to secure at endance on those days, as the school
onlY accommodate 300.

b. al OF THE AFRICAN DESERT.
r• Rang luis (by permission of the Council of the Zoological
etY) subjected a Zebra to his process.
Afr Rarty will exhibit this animal to his subscribers in June.
The subscription is Ten Guineas a for Gentleman, and Fifteen
0 neat for a Lady and Gentleman.
Yurtherinform itlon and forms for Subscription may be obtained
alNicatisn to the Secretary, at Mr. Rarey's Office, left hand of
e Yard, Messrs. Tattersalls', Grosvenor-place.

1
THE EASTERN STEAM NAVIGATION
COMPANY, Incorporated by Royal Charter,
aB5l, limiting the liability of Subscribers to the amount for
Mich they subscribe.
,PROPOSAL to RAISE the SUM of £220,000 by ANNLTI-
'I, ES for eight years payable out of the first profits of the
a.foropany.
The great Steamship of this Company having been launched
en the 31st January, avid safely moored at Deptford, it was
"91ved, at the Adjourned Annual Meeting of Proprietors,
leld at the London Tavern, 17th April, 1858.
That a sum of £220,000 should be rinsed to equip the
chip for sea."
The Directors, in conjunction with the Shareholders' Com-
raittee or Cd-operation, have earnestly considered The best
means of obtaining for the Subscribers of such sum a liberal
lytttrn for _their capital, and security for its repayment.
After mature deliberation, they have arrived at the co:mein-
lee, that the most speedy and profitable return can be ob-
tained by placing the vessel on the line between England and
the United States.
The principal reasons which have incise-id-this decision are
elle following :
1- MR ROUTE —The, transit. between Europe and America
affords thd largest passenger Traffic in the world. The num-
er of Passengers who have landed in Canada and the United
States from Europe, amounted, in the last fourteen years, to
/early 4i millions, or WI average of upwards of 300,000 per-
PCl.lu2k/m. Tbggrea , e/IPAVecAilKiLatcd

►B~slhmber 6fB ansii ins rds-B.Pace,
VSktilatlani, and a the other comforts which a large vessel
anfords over a small one:

2. SpsED.—The average speed of time great ship is esti-
mated et 16 knots an hour. At that rate she will accomplish
lan- passage between Holyhead- or Liverpool and Portland,
state of Maine, in seven days. This important reduction in
the time of transit across the Atiantie must ensure for the
ship as much of the passenger traffic which is constantly pass-
ing between Europe and America ai she can carry; for
travellers invariably avail themselves of the shortest sea
transit, even at higher rates.
3. PARES.—The scale of passage money can be reduced
Proportionately with the reduction in the time of transit.
Per single voyages, Ist and 2d, class passengers can be taken
at rates below the average now charged in the Anglo-Ame-
nwiSteamers ; and the 3d class fares will very little exceed
waolie of the sailing Tenets, which average about forty days on
t i6l
14°4Eety; Passage. Further reductions can be made on return
Ran,way FACILITIES.—The London and. North-Western
I'raY Company of England, and the Grand Trunk R dlway
`4:mlPany of Canada (comprehending 1,500 miles of railway)
1411 agreed to give the Eastern Steam Navigation Company
!Portion of their receipts on all the ship's traffic passing over
oaitirilines. These and other important Railway Companies,
be well in Great Britain as on the Continents of Europe and
,America, have arranged fur working a joint-through traffic
!a combination with the Eastern Steam Navigation Company.
447' these means passengers will be conveyed, under one
storn of management and for one payment, between the
leading cities of Europe, Canada aud the United States.
IS. TOURISTS. —The foregoing 'facilities will enable Euro-
?ens desirous of visiting America, and Canadians and
latizens of the United. States proposing to see Europe, to
....*ro'rel to given points on either of the continents, and to
r., torn home, fora fixed sum, at a reasonable rate, with pe-
"Pier facilities, and with such arrangements as to time as
talbest suit their individual convenience. It is anticipated
t such facilities will tend greatly to develop traffic.
6. PORTLAND.—The Bay of Portland t eing the nearest her-
eo'• of the United States to Europe and the coast terminus
Itt the Grand Trunk and other railways, afford., peculiar ad-
*Wages. Safe and easy of access, the ship willlayafioat along-
"ide a wharf which the Municipal and State authorities have
completed in connection with the railways. The same autho-
rities have also agreed to ex mpt the ship from all dues;
'Whether for lights, pilotage' or other local charges. Through-
du the United states and Canada great anxiety prevails to
bee and visit her. • Under date 26th April, 1858, the Mayor
of Portland writes—" [have been requestel Elayiehe Board of
Mayor and. Aldermen <of the city of Portland, to ascertain
from the. Directors of the Eastern Steam Navigation Company
When their steamer will visit this city, and I shall feel obliged
if you will advise me as early as practicable of the time fixed
for her first trip, in order to enable our citizens to make the
becesiary arrangements for the convenient accommodation of
the large number of persons who will visit her during her
fay here." Arrangements are in progress with the Directors
of the Railways in the United States which -radiate from
Portland for participation in their profits from traffic to and
from the ship.
7. CARGO. —The great ship has not only vast capacity for
cargo, but *ill have peculiar facilities for its delivery. By
Moans of the Railways running from ber side to New York
led Boston, gaods can be deposited at the very doors of the
lerchants' Stores, not only earlier than by other means of
roveyance, but free from any charge for light rage or wharf-
e• The same as regards Canada and -the-Western States of
the union.
The Directors in submitting the fo'lowing estimate of ex-
lenditure and earnings of the Ship for a year, desire to state
-that it is founded on practical data, and that it is corrobo-
ated
by the most experienced Passenger and Emigration
-"mats of the day.
The principle adopted in framing this estimate, has been to
ge against the ship the maximum of expenditure, and to
' a q. credit only for the minimum of earnings, the capabilities
It the ship being greatly in excess of the estimated quantities.
It la therefore a ealculatian which may be fully relied upon.
nhas only been made for seven voyages per annum ; but it
t,,l'n opinion of practical men that the ship can make eight,
" Possibly even nine voyages each year.
ESTIMATE OF THE EARNINGS AND EXPENDITURE Or THE SWF
FOR ONE YEAR.

EARNINGS. Per Annum.
131 it and home, 4,200 passeng-rs—lst class,
21/, ;2d cla,e, 12/. ; and 3d class, 61.... N 7 £252,000
OP out and home " 6,0001. 7 = 42,000

2294,000
Cf amount to be received from the Lon-
, don and North-Western, the Grand
Trunk of Canada, and other Railway
Companies 15,000
Conveyance
of mails, small parcels, specie,

Total for seven voyages ... . £309,000
• In the foregoing esti mate the carriage of mails is not in-
%hided, but it may be fairly assumed that either, a subsidy for
that serviee will be granted, or that an arrangement'witl be
n3alade with the Post-office authorities both of Great Britain
Paul of the United States, for a participation in the postage
ellaxgets of all mail matter conveyed.
. tarnino brought forward £309,000
ikgs 01XT.DITIIII,E.
ncies, advertising, c ram
41.0ne, dietary for passengers,
• stewards, attendanl,s, &c
(exclusive of wine and liquors)
calculated on the foregoing
Quantities, per voyage £13,050 H 7 91,350
.
' ,ages and provisions for offi-
•ers, crew, engineers, die.,
oper annum 37,000
r4i.42,900 tons ...42,0001.
•.-,Albricating small' stores, &c. 46,200
'red charges, dues, lights, &e. 10,500
93,700 ... . . ...

185,050

Leaving a balance of
(or 17,7001. per voyage not profit.)
In corroboration of the foregoing estimate, the Directors
eke leave to mention that last year Mr. F. Sabel,
21411 passenger and emigration agent, with the view to
ngemente for working the ship, entered into very careful
calculations, founded upon several years' practical experience,
?-1:1 submitted the following statement of anticipated earn-
ings and expenditure for seven voyages a year :
Arrtings upon even voyages, good] and passengers,
Out and home between Liverpool or Holyhead,
„....,_and Portland, U.S., per estimate
.2348,215
Cxpenses, officers, crew, engineers, port charges,
coals, stores, dietary, stewards, die 158,191

Leaving a dispo.s.ble balance of £190,034
(Or at the rate of 27,100/. per voyage net profit )
After carefully considering the foregoing facts and esti-
Inates the Directors have determined, in accordance with the
resolution of the Proprietors already referred to, to raise the
sum of 220,0001. by the issue of 11,000 annuities to Sub•
scribers of 201. each.
A Subscriber of 201. will thus receive, for eight years, from
"t March, 1859, an annuity of 51. p r annum (or 25 per
Comp
guaranteed to bo paid out of the first profits of she
any.
These annuities (transferable to bearer) will be payable, by
000900 half-yearly.
The total which the Annuitants will receive will be 401. for
1,e,11 20/, subscribed. This amount will not only aff ,rd
tliueral interest on the capital advanced, but will indemnify
lick holder against sea risk, thus enabling him to take such
en himself or to insure against it.
4t 'he Company propose to reserve the right of redemption
anY time after the 31st March, 1860, on six months'
°Mee
upon paying the sum of 24/. for every 201. Annuity.
thAfter making provision for the half-yearly payments of
the Annuity, the balance of net earnings to be applied to the
4aintenance of ship, and to Dividends upon the original
"es, or in such other way as tho Shareholders shall deter-
th4e a further guarantee for the payment of that portion of
Annuity representing Interest and Insurance, an arrange-
ent has been 'made with the Grand Trunk Railway Com-
- ...anY of Canaria, whereby that Company will reserve 50 per
Q4lt. of the amount of all receipts taken for goods and pas-
INers conveyed over its railway to and from the ship, and
41 the ship to or from Portland and her port in Great Britain.
at'P,e Grand Trunk Company will also undertake to manage,
~,s expense, the agency of the rant Port and, and.at the
le„"ene of the Railway of the Co npy, at which it will col-
fp'‘ all Trade, Fpeight, (Ste., inclin;ine• taking all goods to and
erl the ship's side, and to and from the railway, free of all
t,rges for labour and wharfage.
Compns yof application may b. 3 o',faincd at the offices of the
-'l3a
The instalments to be payable as follows, viz.
Upon allotment ... £4 0 0
On Ist August 4 0 0 -
On Ist October ' 4 0 0
On Ist January, 1859 4 0 0
On 31st March
rate Gf Peut3 may be paid in advance, and interesst at the
or Per c. ut. per annum will be allowed from the date
PaYulent up to 31st March, 1859.
By order of the Board of Directors,
JOHN YATES, Seerctary.
• °l4eas of the Eastern Steam Navigation Company, 13,
Greshatu•etreet, London, E.C., May 27, 1858.