The Sun.
London, England, 1845-10-03 00:00:00

T .EEDS, HUDDERSFIELD, SHEFFIELD,
L and SOUTH STAFFORDSHIRE, or LEEDS, WOLVER-
HAMPTON, and DUDLEY DIRECT RAILWAY.
Capital, 2,000,0001., in 100,000 Shares of 201. each.
Deposit, 21. 2s. per Share.
Notice is hereby given, that no applications for shares in this line
will be received after SATURDAY, the 4th day of October.
WM. ARNOLD BAINBRIOOE, t Joint
JOHN OWENS, j Solicitors.
Office.' of the Company. 1. Moorgate Sept. 26, 1845. •

THE MONMOUTHSHIRE RAILWAY
COMPANY.
Capital 1,000,0001., in 40,000 Shares of 251. each.
Deposit 21. 10s. per Share.
(Under the sanction ofthe Right Honourable the Earl ofAbergavenny,
and ether Extensive Mineral Proprietors of the District.)
PROVISIONAL COMMITTEE.
John Barnes, Esq.. Chorley Wood House, Herts
Reginald James Blewitt, Esq., M.P., Liantarnam Abbey, Monmouth-
shire - -
James Brand, Esq., Now Broad-street, London
John Brightman, Esq., Cornbill, London
William Brewer, Esq., Newport, Monmouthshire
Tom Lievrellin Brower, Esq., Coalbrook Vale, Iron Works, Men-
. rnouthshire
Bdmund E. Rockingham, Esq., Manager of the West of England and
South Wales District Bank, Newport, Monmouthshire
/he Chisholm, Chapel-street, Grosvenor-place
Charles Conway, Esq., Pontrhydyryn Tin Works, Monmouthshire
John Chapman, Esq., Leadenhall-street
Jeremiah Cairns, Esq., Secretary to the Newport Dock Company,
Newport; Monmouthehire • . •
Edward Dowling, Esq., Mayor of Newport, Monmouthshire
lion. W. E. Fitzmaurice, Chesham-street, Belgrave-square
Thomas Gratrex, Esq., Banker, Monmouth .
Kenn Hampden, Esq., M.P., Marlow, Bucks
Samuel Homfray, Esq.,'Tredegar Iron Works, Monmouthshire
Thomas Hughes, Esq., King's 11111, Newport, Monmouthshire
John Hellicar, Esq., Merchant, Newport, Monmouthshirei
William Jenkins, Esq., Pontheer Tin Works, Monmouthshire
John Jenkins, jun., Esq., Caerleon, Mentnouthshire
William Conway James, Esq., Poutnewydd Tin Works, Meninouttr-.
shire
Henry aarrott WMTolconhnneaartaria-r-÷aou.aemmy
Joseph Latch, Esq., Newport, Monmouthshire
John Lawrie, E.g., Chance-street, St. James's, London
John' Lawrence, Esq., Newport, Monmouthshire
John Masterman, jun.' •Esq., Banker, London
Morris Brothers, and Morgan, Abercarrpe Tin Works, Monmouth-
shire
William Mountford Nurse, Esq., Cavendish-square, London
Edward Harris Phillips, Esq., Pontypool
Thomas Powell, Esq., the Gaer, near Newport, Monmouthshire
Sir David Scott, Bart., Porcheater-terrace, Hyde Park, London.
Thomas Sanders, Esq., merchant, Bristol
Edward Thomas, Esq., merchant, Bristol
Henry Allen Wedgwood, Esq., Woking, Surrey
William Williams, Esq., Banker, Abergavenny
William Williams, Esq., Proprietor of the Psntwyn and Golynes and
- Varier Iron Works, Monmouthshire
Philip Williams Esq., Beaufort Iron Works, Monmouthshire..
COMMITTER OF MANAGEMENT.
Chnirman—The Hon. W. E. FITZMAURICE. M.F.
Deputy Chairman—THE CHISHOLM. "
John Barnes, Esq. Thomas Gratrex, Esq.
Reginald James Blewitt, Eiq., Henry Garrett Key, Esq.
M.P. John Lawrie, Esq.
James Brand, Esq. William Meuntford Nurse, Esq.
Jelin Brightman, Esq. . Edward Harris Phillips, Esq.
John Chapman, Esq. • Sir David Scott, Bart.
SoLicrione—Messrs: Johnston, Farquhar, and Leech, London
• Messrs. Prothero, Toogood, and Fox, Newport
Messrs. Gabb sad Secretan, Abergarenny.
emsxsas.
London—Union Bank of London ; Messrs. Masterman and Co.
NewpOrt—Monmouthahiry and Glamorganshire
Abergavenny—Messrs. Baileys and Ce.
This Company Is formed for the purpose of carrying into effect an
agreement which has been concluded with the Monmouthshire Canal
Company fur the purchase and transfer of the whole of the im;ortant
interest of that extensive and valuable property.
The Monmouthshire Canal Company was first incorporated by an
Act passed in the year 1793. Two subsequent Acts have extended
the sphere of the Company's operationS, and their present train-
roads communicating with most of the great iron and coal works of
the district exceeds fifty miles in length, whilst the extent of their
two brancheB of canal is twenty-two miles:
During the last forty-five years the concern has continued to. be
one of a highly profitable description, the average annual dividend
paid to the shareholders having been during the whole of that period
at the rate of 71. 128. per cent., and during the last twenty-five years
the average anneal dividend has exceeded 101. per cent., being 101.
per share on the original 1001. shares.
. The value of these shares has of course increased with the Im-
proved dividends,. and the purchase-money now agreel to be paid
for the whole of the canal property is at the rite of 2001. per share.
The purchase will secure to the Monmouthshire Railway Com-
pany the whole of the present profitable trade of the Canal Company,
with the certainty of a very great increase therein, as the consequence
of the intended application of the modern principle of railway loco-
mealy° power to the present tram-roads of the Carat Company.
Thus, beyond its prospective advantages, this undertaking is distin-
guished from most of the numerous projects now before the public,
in this—that an immediate return will arise to the shareholders from
the present works of the Canal Company new in full operation.
For a long time past large sums have been annually expended by
the Canal Company In solid improvements of their property. The
liet projected improvement is the formation of a line of railway
upon the modern construction from Newport to Pontypool, a distance
of ten miles, and to carry out this object an Act of the Legislature
passed during the last session, and which railway forms a part of the
highly valuable purchase mac% by this Company.
Although by the Newport and Pontypool Railway Act a reduction
has been made in the amount of tonnage hitherto payable to the
Canal Company, this will not lessen the actual value of the property,
for it Is undeniable that much ofthe natural traffic of the Company
has been diverted into other channels solely in consequence of the
high standard of the rates of tonnage. The recent Act • confers on
the company the power which they did not previously possess, of
becoming carriers on their lines; and it is only reasonable to calcu-
late that by the judicious use of this power and the vigorous prose-
cation of the improvements of the existing tram-roads the traffic so
alienated will be recovered, as well as much new traffic created.
Thin, whilst the value of the canal property will be materially en-
hanced, the freighters will at the same time reap all the advantages
designed for them in the recent Parliamentary revision of the
tonnages.
• It is further proper to state that the branch lines Intended to have
been made and purchased by the Canal Company to the iron, coal,
and other works, will also be formed, thereby securing a consider-
able Increase of trade upon the main lines.
Owing mainly to the obstacles in the way of cheap and quick
transit,. the endless resources of Monmouthshire have as yet been
but very partially developed ; but, in the face of these Obstacles, the
quantity of iron now annually exported from Newport is not less
than 200,000 tons, and of coal 700,000 tons.
The port of Newport possesses an extensive trade in the exporta-
tion Of tin plate and fire-brick, in the importation of iron ores from
Coinwall, Lancashire, and Cumberland, and of the agricultural pro-
duce from the western counties of England, together with s cons'der-
able and improving trade in foreign and. English timber, bark, and
Irish provisions. .
Shares to the amount of 20,0001. In the Newport Dock form part of
the purchase of the canal Interest. These extensive docks hare
been constructed in the best possible manner, with a lock capable of
admitting vessels of the largest class. In proof of this it may be
stated that vessels of 1,080 tons registered tonnage have with ease
entered and been loaded in the dock.
The Canal Company have not hitherto afforded any accommoda-
tion.whatever to passenger traffic, consequently no revenue has been
derived from this usually fertile source of profit, but reference need
only be made to the dense resident population engaged in the imp
tin, and coal works 'of lionmontbshire to prove that a very great
passenger traffic would be the result of the introduction into these
dialects Of the modern railway facilities.
The general extension of railway communication contemplated in
the neighbouring districts of Wales and England, will, In connexion
with the lines of this Company, most advantageously open to Mon-
mouthshire uninterrupted intercourse with all other portions of the
kingdom. Thus, whilst facilities hitherto unknown will be created
for the exportation of the miueral wealth of the locality, the freest
admission will be given to the agricultural produce and manufac-
tures of other parts of the kingdom, for both of which a constant de-
mand exists in the mineral districts.
In the allotment of shares, preference will be given to Proprietors
in the Monmouthshire Cana', to Sharelohlers in tho Newport, Aber-
gavenny, and Hereford Railway, and to landowners on theilne.
Applications for shares, in the form annexed, to be addressed to
the Provisional Committee, at their temprary offices, No. 23, Moor-
gate-street, London; Messrs. Gabb and Secretan, Abergavenny;
Messrs. Protheroe, Toogood, and Fox, Newport • or to Mr. Thomas
Cooke, or Mr. Samuel Phillips, Monmouthshire Canal Wee,
Newport

GARB and SECRETAN, Interim Secretaries.
FORM OF APPLICATION.
To the Provisional Committee of the Monmouthshire Railway

•
•
Company.
Gentlemen,---1 request that you will allot me shares of 251.,
each In the proposed Monmouthshire Railway Company • and I
hereby undertake to pay the deposit of V. 10s. per share thereon,
and to executethe necessary deeds when required.
Name In full . • ••••• • • • • . ••. • • . ......
Business, Profession, or Trade ••• • • • • • • • • •
Place of Business (if any) .. .• • • • • • • • • • • • •

Date • • .•• ••••••••••
•
The aprlicait., if a holder o A holder of shares in the
shares in tits Rlonmouthshire Monmouthshire Canal Company.
Canal Company, or the Newport, •
Abergavonny. and Hereford Rail- A holder of shares in the
way Company, is requested Noport; Abirgavenny, and Here-
upply the opposite blanks, as the ford 'Rail way.
se may be.
Usual signature Of APPliCant.