The Sun.
London, England, 1845-09-29 00:00:00

.. 1,223,400

£1,291,200

752,320

Rem ..
Supposing that the present trafficains will only be„ doubled X 531,830
.
by the railway, although experience has proved the
increase to be equal to 300 and 400 per cent., there will
be added

i.id,SCl.

And add £1,077,760
For the transport of troeps, military stores, &e., which
the Government will substitute for the conveyance by
waggons .. .. .. .. ..
46 per Cent., at the least, for the Al'cant trail*

50,000
215,962

£1,343,712

From which deduct nearly 40 per cent. for maintenance
of way, &c. • • • • • • .. .. .. ••

671,856

£671,856

Leaving a net profit of
Or of nearly 28 per cent. upon the capital.
The capital now proposed to be raised has been estimated, by
competent authority, to be amply sufficient for the completion of the
railway, including stations, a double line for rails, and the working
plant.

The royal ordinance authorises the erection of an electric tele-
graph along the line, which will answer the double purpose of placing
the railway under the special protection of the Government, and
closely uniting it with all the railways that intersect the kingdom
and have their common termini in Madrid, to which capital maritime
and mercantile information from the Mediterranean can be instan-
taneously communicated.

One-third of the shares are, by the terms of the concession, con.
ceded to Spain. _

The locale of the Company win be in Spain, and It will be framed
on the principle of a cempania amminics, agreeably to the commercial
code of that country.
The affairs of the Company will be conducted by a Board of Di-
rectors in London, assisted by a highly influential Committee in
Madrid. The remuneration to the Directors will be made in ac-
cordance with the plan usually adopted in continental railways, and
that to the Concessionaires consists of a mere contingent interest in
two-twentieths of net profits, after five per cent. shall have been se-
cured to the shareholders.
A deposit of 21. per share is payable on allotment, and no future
call will exceed 2/. per share, of which two months' notice at least
will be given.
Applications for shares, according to the subjoined form, to be ad-
dressed to Messrs. Keddell, Baker, and Grant, solicitors, 34, Lime-
street, London ; to Messrs. Hutchinson and Son, stockbrokers, Loth-
bury ; Messrs. Carden and Whitehead, Threadneedle•street ; Messrs.
Johnston, and Co., Manchester ; Messrs. Townley and Whitehead,
Liverpool ; Messrs.Wreford, and Co., Bristol; Mr. N. Lea, Birming-
ham ; Messrs. Watson, and Co., Leeds; Messrs. Wilkinso 1 and Earle,
Hull; Messrs. Buchanan and .Atkin, Glasgow; Mr. W. Gordon,
Aberdeen ; Messrs. Labertouche and Stafford, Dublin ; and to the
Secretary, at the office, 37, Moorgute-street, London.
London, Sept. 10, 1845.

FORM OF APPLICATION.
To the Directors of the Madrid and Valencia Railway Company.
Gentlemen,—l request you will allot me s. ares of 20/.
each in the above Company ; and I hereby undertaketa accept the
sapamye;hoern t.y
tlessthanueemnbeorrww. perhi
are.
you may appropriate to t. e, and to
Dated this day of

1845.
Name •• • ..... •• • " •
Residence .... —••••• , • • • •
Profession or Trade • • .....
Plus of Business .... •• •
Reference

MADRID and VALENCIA. RAILWAY.—
No APPLICATION FOR SHARES will be received
WZDN EsDA T, the First day of October next. after
)3y ordcr,

F. KIRKAA3I FOWLER Secretary.
Offlo 37,1toorgate-street, Sept. 25,1845.