The Sun.
London, England, 1858-06-05 00:00:00

COURT OF

Samuel Baker, Esq.
Hon. F. H. F Berkeley, M.P.
Edward L. Betts, Esq.
James St. G. Burke, Esq.
R. J. R. Campbell, Esq., M.P.

iIRECTOIV:

Henry Thomas Hope, Esq.
Robert Mllilmont, Esq.
Philip W. S. Miles, Esq.
hir Joseph Paxton, M.P.
C. R. M. Talbot, Esq., M.P.

Bankers—Messrs. Glyn. Mills, and Co.
Proposal to raise the sum of 220,0001. by Annuities, for eght years,
payable out of the first profits of the Crotispany:—At the Adjourned
Annual Meeting of Proprietors, held at the London Tavern, the 17th
April, 1858, it was resolved, that a sum of 220,0001. should be raised
to equip the ship for sea.
The Directors, in conjunction with the Shareholders' Committee
of co-operation, after earnestly considering the best means of ob-
taining for the subscribers a liberal return for their capital and se-
curity for its repayment, have concluded that the most profitable
employment can be obtained on the line between England and the
United States.
The principal reasonswhich have induced this decision are the
follo wing :
1 The Route—The transit between Europe anl America affords
the largest passenger traffic in the world. The number of passengers
who have landed in Canada and the United States from Europe
amounted, in the last 14 years, to nearly 4}4 millions, or an average
of upwards of 300,000 persons per annum
2. Speed--The average seed of the ship being estimated at 16
knots an hour, she wilt accomplish her passage between Holyhead
or Liverpool and Portland, State of Maine, in seven days.

3. Fares—The scale of passage money cm be reduced proportion-
ately with the reduction in the time of transit.
4. Railway Facilities—The London and North-Western Railway
Company of England, and the Grand Trunk Railway Company of
Canada, have agreed to give the Eastern Steam Navigation Com-
pany a portion of the r receipts on all the ship's traffic passing over
the 1 lines. These and other important railway companies, in Europe
and America, have arranged for working a joint through traffic ; by
Which means passengers will be conveyed under one system of man-
tyzemeht and for one payment between the leading cities of Europe,
Canada, and the Un'ted States.

5. Tourists—The foregoing facilities will enable Europeans desi-
rous of visiting America, and Canadians and citizens of the United
States proposing to see Europe, to travel either way for a fixed sum,
with facilities as to time as may best snit their convenience.
6. Portland—The Bay of Portland, being the nearest harbour of
the United States to Europe and the coast tenilnus of the Grand
Trunk and other Railways, affords peculiar advantages. Safe and
easy of access, the ship will lay afloat alongside a wharf which the
Municipal and State authorities have completed in connexion with
the railways. The same authorities have also agreed to exempt the
ship from ail dues, whether for lights, pilotage, or other local charges.
Arrangements are in progress w►th 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—'sy means of the railways running from the ship's side
to New York and Boston, goods can be deposited at the very doors of
the merchants' stores earlier than by other means of conveyance.
After much consideration the Directors have determined, in ac-
cordance 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 31st et
March, 1859, an annuity of 51. per annum, or 25 per cent., guaran-
teed to be paid out of the first profits of the Company.
These annuities (transferable to bearer) will be payable, by cou-
pon, half-yearly;
The totals which annuitants will receive will be 401. for each 201.
subscribed. This amount will not only afford a liberal interest on the
capital advanced, but will indemnify the holder against sea risk, thus
enabling him to take such risk on himself or to insure against it.
The Company propose to reserve the right of redemption at any
time after 31st March, 1860, on six months' notice, upon paying the
sum of 24/. for every 201. annuity.
As a further guarantee for the payment of that portion of the
annuity representing interest and insurance, an arrangement has been
made with the Grand Trunk Railway Company of Canada, whereby
that Company will reserve 50 per cent of the amount of all receipts
taken for goods and passengers conveyed over its railway to and from
the ship and by the ship to or from Portland and her port in Great
Britain.

Prospectuses nd forms of application may be obtained at the offices
of the Company.

JOHN YATES, Secretary.
Oftkes, 13, Gresham-street, London, E.C., May 27, 1858.