The Sun.
London, England, 1859-01-31 00:00:00

. • CITY. _ _
• DIRECTORS.
William Arthur Wilkinson, Esq., Shortlands, Beckenham
:Chairman.
William Austin, Esq:; 27, North Audley-street, Director of
the Rhymney Railway Company.
CVtain Bulkeley, Windsor; Director of the Great Western
John ttailway Company.
Challice, M.D Grange-road, Bermondsey.
Charles Gilpin, ESq.,M.P Director. of the South-Eastern
RailwayZPilliam Company.
Lee Es Holborongh Kent, Director of the Vic-
toria StatiOn Railwayg ,
Company.
David Ogilvy.. &xi Sydenham,Director the. Great Western._
;fohn tailyra' Y Co' mpan"y.
L~htlParson, Esq. Ham-common, Surrey.
y Sim song Esq , Gower-street, Bedford-square, Direc-
Jor of the Eastern Counties. Railway Company.
4lchard Pritchard Smith, M.D., Mortimer, 'Reacting, Director
Tiv Lett:
a:se:fveitialatliillalynveasys,tern Railway Company.
Company. Esq., London, Director of the Great
Auditors—Benjamin John Armstrong, Esq., Upper Wimpole-
'itroenet ; Sampson Copestake, Esq. (Messrs. Copestake,
re, and Co.), Cheapside.
Bankers The London and Westminster Bank.
uncitors -Messrs. Burchell. 5, Broad Sanctuary, Westminster
Engineer—John Fowler, Esq.
Secretary—John Henchman, Esq.
The Offices of the Company, 14, Cornhill.
eon Tavern,it appointed at the great meeting at e
City' of on the subject of railway accommodation. for the
n.r ot London, having decided, after thorough investigation,
..p_orti the issue of' a circular in favour of this undertaking, the
lilectors submit the following concise statement of its posi-
lae,, prospects ,
Dower "mPany hi incorporated by Parliament and
bet in
ed to raise a capital of one million, in 210 shares, and
eapitarri.ow, in addition, one-third of the amount of the share
The line will commence at the Paddington Station of the
Fpt Western Railway at Westbourne-terrace. It will pass
0..1 tlie surface of the New-road, with intermediate stations
)I:2he occasional stoppage of trains at the Ede,-ware-road,
irs9;trelit'e-park. Tottenham-court-road, and King's-cross at
in Far Lene
ringdon-tion withstr thet.e Great Northern, and thence to a station
~
T,JY a deviation of the line as authorised, Coldbath-fields
i."gon will, at the desire of the Magistrates, be avoided, the
WMe Will be made to harmonise with the contemplated im-
'oveinent of Holborn-hill by the Metropolitan Board of
orky. and a saving in the cost of the railway will be
Meted.
The total cost of the whole works, rolling stock, and preli-
-11, inary expenses, up to the completion and equipment of the
~ines ready for traffic, will not exceed a share capital of
'„50,000, and the borrowing powers. '
-Lo meet this expenditure the shareholders have paid up
r-,,,eatlY £OO,OOO in deposits, which stand to the credit of the
CMPany in the hands of the Accountant-General ; and,
Vng convinced of the profitable result of the undertaking,
riteY are anxious to carry.it out, and are prepared to meke good
iti.eiiir engagements on 47,500 shares, if the Great Northern
-1`,,,,"°,,ay and the public will aid them by subscribing for the
e-"anung 47,500 shares, which are now registered in the
antes of contractors and others.
• The directors of this Company regard with great interest
the ,
p enlarged views and
]philanthropic objects which Mr.
but they when rignl started this project ;
~,I,rcial t they subscribed their money to the Company as a corn-
undertaking., with a view to profit. They believe that
Numerous population, and the supply of its wants, are the
„s: and surest foundations of railway prosperity ; and when
reflect upon the enormous population of the district
Lurough which this line will pass, its productive capabilities in
connection with the goods and passenger traffic of the Great
neetern. and Great Northern Railways and their tributaries,
ns.ind, espe-cially of the Midland and the Manchester, Sheffield,
uo Lincolnshire Companies, which have recently obtained
Pec-l3s to the station at King's-cross, its contingent connec-
,lLM with the Metropolitan Cattle Market and North London
ine.. and upon the fact that it cannot be subjected to com-
In thepetition with low-priced steamboats or with any new railway
• same direction, but only with slow and expensive
omnibuses and cabs, they feel that this railroad will inevit-
luxe prove the source of very large dividends to shareholders.
'• Various attempts have been made to reduce these large
sources of revenue to some definite financial result. These
,i,lculations, whether based upon the existing traffic by pub-
ye vehicles, or from the passengers which may be assumed
from each station by each train, or upon the passenger traffic
of the North London, the Blackwall, and the London-bridge
Station Railways, taken in connection w'th the population
along those lines, prove a receipt, after a liberal allowance for
Working expenses, sufficient to pay upwards of 10 per cent.
on the outlay. But the impression is so general that the pro-
fits will be large, that there can be no necessity to repeat the
Calculations.
It is part of the arrangement with the Committee of Requi-
Sitionists that four vacancies shall be made in the Board, to
be filled up by the parties who may now take up the shares
offered, and that all existing engagements with the Com-
pany are to be subject to revision by the Board when so re-
Modelled.
It is under these circumstances that 17,500 shares are offered
to the shareholders of the Great Northern Railway Com-
PanY. and 30,000 to the uponpublic, the terms and conditions
application, which has been
*Pecified in the annexed form o
Prepared by Mr. James Wilde, Q.C., and Mr. Robert Lush,
Q.C., whose opinion is annexed.
d piany the .A_" We are of opinion that persons applying
il,-"'„lnPanying form, and obtaining an a 1 o for
sharest,
deposits. thereon to the special account at the bankers,
upon the terms specified therein,
back
flowed by the hankers, such deposits, and the interest a
will be entitled to receive
lt the whole number be not taken up within the time to be
limited for that purpose.
company by Act of Parliament, it follows
" The Metropolitan 'Railway Company being incorporated
as a railway
asn a
not
!natter of course that persons obtaining shares in it will
a.
be liable for more than the amount of such shares to be_p
In deposits and calls, in the manner provided by the Com-
Pany'B Acts. "JAMES WILDE,
" ROBT. LUSH.
Temple, Dec. 10,1858."
Form of Application for Shares.
' Metropolitan Railway Company.
Trustees for the Deposits on Allotment.A 11.11 e Rt. llonhn Lord Mayor Sir James Duke Bart. M.P.
Sir P. Kelly, A.G. and M.P. I Ti. W. Crawford, Esq., M.P.
To the Committee of Allotment of 47,500 Shares.
• Gentlemen,—l request you will allot me of the £lO
,shares in the Company, and I undertake upon allotment to
say the deposit of £1 per share on such shares, or upon such
esti number as yon may allot to me ; and I undertake on the
•followine- terms and conditions that I will, on or before the
.Bth day of March next, accept the transfer of such shares as
gay be allotted, and will pay any calls that may have been
Act be made thereon under the provisions of the Company's
M

Conditions.
:• l• That the deposits are to be paid to the names of the
~l'ustees, to
a special account, into the London and West-
Minster Bank, and that if the Committee of Allotment shall
MA, on or before the said Bth day of March, certify that the
Nybole 47,500 shares have been subscribed for, and that the
;.nosits thereon have been paid, each allottee's deposit shall
iretnrned, without deduction, and with any interest the
2nk may allow thereon.
, • If the whole of the 47,500 shares shall be certified by the
Allotment Committee to have been subscribed for, and the
• deposits paid on or before the Sth of March next, each allot-
he shall have the number of shares allotted to him duly
ansferred to his name upon payment of any calls due
ereon.

Siznature
A
Application in I be above fordmdress to be made to the Committee
414 Weaver's-hall, Basingtall-street, E.C.