The Sun.
London, England, 1844-11-27 00:00:00

4:32,640
Assuming au increase of only double the present traffic, we have
65,280/ ; showing a divisible profit, after deducting 50 per cent.
for working expenses, of 32,1i40/., or nearly 12 per cent. on the
capital.

No Subscriber will be responsible for more than the amount of
his. Share.
The Prospectus and the form of application for Shares may be
had at the Offices of the Company, 6, Parliament-street, West-
minster, and 36, New Broad.street, London ; of H. Devereux,
Esq., Kilkenny; Messrs. Elliott and Newport, Waterford ; Mr.
Thomas Millar, Broker, Edinburgh ; Mr. I. It. Owen, Broker,
Wain:heater ; and the Company's Bankers.

FORM OF APPLICATION.
To the Provisional Committee of the Waterford and Kilkenny
Railway.
Gentlemen,—l hereby request you will apportion me
Shares in the above proposed Railway, and I engage to pay the
deposit of It. per Share upon such allotment as you may be pleased
to make, and to sign the subscription contract required by Parlia.
ment, and also the subscribers' agrennent.
I am, Gentlemen, your obedient servant,
Name

Profession, Trade, or Calling
Residence
Date of Application lB4

NEW CURRENCY.

(FROM A CORRESPONDUNT.)

1. That one uniform description of paper money be
legalised in the United Einpre, consisting of Imperial
notes or bills.
2. That a iww permanent office be created, and a
Board of Commissioners appointed by the Crown, to
whom shall be confided the direction, control, and admi-
nistration of the issue department ; and that Imperial
notes, or bills, be specially engraved, executed, and
stamped for the purpose, due precautions being adopted
to prevent forgeries.
3. That the_Commissioners shall be authorised to a 3

Vance Imperial notes, or bills, to all banks of issue, di;
count; and deposit, whether chartered joint-stock corpora
tionsOr licensed privatecompanies,according to the option
ot tht applicants as to number and quality, the lowest rate
being ,one pound, on depositing in the Exchequer an
equal amount in value in bullion or of Government se-
curities, taken at the average market price for the pre-
shwa three months.
That Imperial notes, or bills, shall constitute a
lee! .toider.
s,s'Sbat all Imperial notes, or bills, be signed by the
proper officer of the Commissioners—that the names of
the Woking establishments to which they are supplied
be 06 nIA on the same—and that they be endorsed, before
issue, by the responsible agent of the firm.
6. That the notes, or bills, of each banking establish -
meuOtr five pounds, or under, be made payable in
specie, On demand, at the offices where issued, but that
stvenslays' notice be required for the payment in bullion,
of Oh-totes, or bills, eseeediies that sum.
7.-That the Commissioners be empowered to exchange
new rates, or bills, fur old ones cancelled,
8. That the dividends on Government securities lodged
in the Exchequer be received by the Commissioners, and
be pttit;'over by them to the respective depositors, sub-
ject to a deduction of I per cent. annually, on the amount
of Imperial notes, or bills, advanced in lieu of stock,
and per cent. in lieu of bullion ; the proceeds to be
applied, in the first instance, to defray the expenses of
the Commission, and the surplus to be credited to the
Treasury.
9." That the whole amount of bullion or of Government
securities; or any portion thereof, may at any time be
withdrawn from the Exchequer, or transferred by the
parties originally depositing the same, or their assignees,
on presentation of an equal amount in value of Imperial
motes or bills, issued to to such parties respectively, pay-
ment of interest being made on said notes or bills to the
day of returning same.
10. That Imperial notes or bills may be advanced to
any banking establishment equal in amount to the quan-
tity of bullion retained and bonded in their own coffers;
under such regulations for its safe custody as the Com-
missioners shall direct and approve, and subject to the
same rules for deposit and withdrawal as are observed at
the Exchequer, and that any portion of their own Impe-
rial notes or bills not wanted for immediate use, may be
deposited under similar restrictions, with exemption from
interest during the period of lodgement.
11. That in case any banking establishment shall at
any time determine to discontinue banking business, or
to wind up their affairs, the balance or residue of bullion
Dr of stock remaining in the Exchequer to their account,
to cover outstanding engagements, shall be returned to
them after an interval or three years from the period of
notification, and that they be entitled to the profit arising
from notes unclaimed, lost, or destroyed.
12. That an annual report be presented to Parliament,
gilt: periodical accounts published in the Gazette, speci-
fying the amount of Imperial notes or bills in circulation,
the nonthly and yearly averages, together with a return
of the bullion and stock lodged in the Exeheqtter by each
establishment, as well as a detailed statement of their
assets and liabilities.

IMPORTANT ECCLESIASTICAL MOVEMENT.—AR
important ecclesiastical movement, designed to separate
or reject several ministers and churches, is at present in
progress among the Scottish congregationalists ; and the
result, so fur as we can learn, has been the disavowal of
fellowship or union, on the part of the four Congrega-
tional churches in Glasgow, with the churches and
'Pastore of the same denomination iniHamilton and Bells-
hill. A similar proceeding is also in progress towards
the Congregational churches in Ardrossan, Cambuslang,
and Bridgeton. The reasonof of separation, we under-
stand, is a difference
opinion on the doctrines of
and
special divine influence,
of unconditional election,
both of which are said to be
.denied by the churches at
Hamilton, Bellshill, &c.; and, on the other hand main-
tained by the churches in Glasgow
to the
Congregational Union.: We learn, I
furthelongrthinalthe way
in which this separatiort has been effected vir,as
of friendly letters between the churches dainffeinireT:etinnnd:
that the entire correspondence, exhibiting
feature of the church polity of the Independents, will
Shortly be published, and doubtless afford considerable
scope for polemical discussion.—Glasgow Argus.
Earl Fortescue has offered to make a handsome
donation Of books towards establishing the contemplated
literanr and scientific institution at Barnstaple.

WATERFORD AND .KILKENNY
RAILWAY.
Capital £230,000, in 12,500 Shares of £2O each. Deposit
RI per Share.
COMMITTEE IN IRELAND.
The Most Noble the Marquis of ORMONDE, Chairman.
The Right Hon. the Earl of BESBOROUGH.
The Right Hon. the Earl of DESART, D.L.
The Right Hon. the Viscount DUNC A NNON.
E. SMITHWICK, Esq., Mayor of Kilkenny.
THOMAS MEAGHER, Esq., Mayor of Waterford.
W. M. A RDAGH, Esq., Waterford.
WILLIAM PONSONBY BARKER, Esq., Killcooley Abbey,
county Tipperary.
Sir H. W. BARRON, Bart, M.P., D.L., Belmont House, Wa-
terford
Hon. Col. BUTLER, M.P., Ballyconra House, county Kilkenny
F. S. BUTLER, Esq., M.P., Lodge Park, Freshford
Colonel BRYAN, D.L., Jenkinstown, Kilkenny
Dr. CANE, Alderman of Kilkenny
P. CONNELLAN, Esq., D.L., Coohnore, Thomastown, county
Kilkenny
SYDENHAM DAVIS, Esq., Thomastown
H. DE MONTMORENCY, Esq., D.L, Castlemorres, Knock-
topher.
W. F. FINN, Esq, Tullaroan, Kilkenny.
W. H. GREENE, Esq., Sion House, Kilkenny.
W. GRACE, E.g., Kilkenny.
Sir R. LANGRISHE, Bart., Knocktopher.
Sir F. LOFTUS, Bart., Mount Loftus, Goresbridge.
JOHN M'CRAITH, Esq., Kilkenny.
W. MILWARD, Esq., Waterford
T. MURPHY, Esq., Waterford
JOHN O'CONNELL, Esq., M.P., Dublin
Sir JOHN POWER, Bart., D.L, !Wane, Thomastown, County
Kilkenny
HENRY RYAN, Esq., Kilfera, Kilkenny
C. B. SAVAGE, Esq., Kilcreen House, Kilkenny
11. SULLIVAN, Esq., J.P., Kilkenny
M. WARREN, Esq., Sandford's Co .rt, Kilkenny
THOMAS WYSE, Esq., M.P., The Manor, Waterford
COMMITTEE IN LONDON.
GEORGE ANDERSON, Esq.
CHARLES BARRY BALDWIN, Esq., M.P., D.L
THOMAS WENTWORTH BEAUMONT, Esq.
FRANCIS MO WATT, Esq., Deputy Chairman of the London
and York Railway
ALFRED RICKETTS, Esq.
EDMUND TURNER, Esq., M.P.
(With power to add to their number.)
ILIUM&
The Bonk of Ireland, the Provincial Bank of Ireland, the National
Bank of Ireland, and their Branches.
CONSULTING ENGINEER.
Captain W. S. MOORSOM.
ACTING ENGINEER.
JOHN VALENTINE, Esq.
ARCHITECT.
CHARLES FREDERICK ANDERSON, Esq.

SOLICITORS IN WATERFORD.
Messrs. ELLIOTT and NEWPORT.
SOLICITOR IN KILKENNY.
HARVEY DEVEREUX, Esq.
SECRETARY.
\V. BRIDGES, Esq.
The proposed line from Waterford to Kilkenny is 32 English
miles in length. Th• total cost, including outlay for stock,
stations, &c., will not exceed 8,000/. per mile.
It will Ise perceived that the line is intended to meet the pro-
jected branch of the Great Western Railway from Gloucester to
Fishguard (the South %Vales line), and that it must necessarily
command a great portion of the traffic from the West of England ;
and, if extended to Dublin, will constitute Waterford one of the
most important ports of the empire.
Power will be taken for the further extension of the line to the
Irish Metropolis, irs the event of Ruth a measure being deemed ad-
visable.
The poi t of Waterford can be entered at all times of the tide by
vessels of 1,000 tons. The export trade of Waterford and the
traffic between Waterford and Kilkenny is considerable, and is on
the increase.
The exports of Waterford in 1835, according to the Report of
the Irish Railway Commissioners, amounted to the value of
1,821,245/., and the imports to 1,274,154/. At present the ex-
ports are represented by the local authorities to exceed two
millions, and the imports one million and a half.
At least one-third of the exports from Waterford may be pre-
sumed to pass through the county of Kilkenny, and this traffic
would necessarily receive a great stimulus by the construction of
a line of rapid communication with the interior of the country.
The probability of a remunerative return from a railway opening
up a communication between Waterford and Kilkenny, with a view
to its future extension to Dublin, will be enhanced by the adoption
of the economical principle upon which it has been determined to
construct the line, which insures a reduction of at least 30 per
cent, on theprimary investment.
The necessary plans and surveys, with all other preliminary ar-
rangem;,rits, will be ready, so as to apply to Parliament for a Bill to
incorporate the Company early in the ensuing se--ion ; and inte-
rest at. the rate of 4/. per cent. will be allowed to subserihers
their deposits, until the railway is completed.
Subjoined is a statement of the present through traffic and pro.
bable profit:
Coach traffic, four journeys a day, 4(1 passengers at tis. #: 3,740
Car traffic, four journeys, six days in the week, 100
passengers, at 2s. 6d........ 3,900
Merchandise, 100,000 tons, cattle included, at ss. per ton 25,000