The Sun.
London, England, 1845-09-26 00:00:00

d
THE WEST MIDLAND, MANCHESTER church,uguiPoiVeuu,
manutu Southampton.
wirtorna. northernAetsitusflues,projected, in pro-
SWINDON, DEVIZES, AND SALISBURY JUNCTION, terminus, Bir-
i
AND SOUTHAMPTON RAILWAY, AND BIRMINGHAM
gross, or completed, which will form the most direct line that can
Being an extension of the South and Midlands' Junction Railway. ever probably be constructed between the southern ports of England
(Provisionally Registered.) and the great manufacturing districts.
Capital, 1,200,0001., in 60,000 shares of 201. each. In the alliance of lines forming the West Midland, Manchester
and Southampton Railway project, a combination of advantages pre-
Deposit 21. 2s. per share.
sents itself—the result of a design, to a great extent, but of centin-
PROVISIONAL COMMITTZE. genies also. If it be desirable that the terminus of every railway
The Right Hon. Lord Viscount Dillon, Halpin-street West, Belgrave- should be situated at some commercial or populous place, in this re-
square, and Loughlyn House, Loughlyn, Ireland, and Ditchley, Oxon sped the present project is peculiarly fortunate. If Government be Lord George Paget, Uxbridge House resolved on countenancing the shortest and most direct lines, it
Wllliam Beresford, Esq., M.P., 77, Pall-mall, Director of the Teen will be seen, by laying a rule on the map of England from Salisbury
and Dove Valley Railway to Manchester, that a course due north and south between these
William Rulkeley Hughes, Esq., M.P., Chairman of the Welsh Mid- places will pass very nearly through the towns mentioned in this
land, and Director of the South and Midlands' Junction Railways prospectus, as being on the proposed line; and actual measurement
Richard Price, Esq., M.P., Director of the Welsh Midland, and has shown this line to be the shortest between Southampton and
Director of the South and Midlands' Junction Railways Manchester by 26 miles.
David R. Ross, Esq., M.P., Chairman of the Belfast, Director of the By the -construction, therefore, of little more than 60 miles of
London and Manchester, and South and Midlands' Junction Rail- rail, as here proposed, the shortest, mast direct, and convenient
ways
communication between Manchester and Southampton will be es-
Sir John E. Be Beauvoir, Bart., Chairman of the London and Bir-
tablished—a line, also, however superior in position to others tiro-
mingham Extension, and Director of the South and Midlands'
raising similar ad t -
van ages, may yet be considered as competing
Junction Railways
Sir William with none, but as an independent work, originating at Birmingham
Bacon Johnston, Bart., Hilton, Aberdeenshire, Director of the South and Midlands' Junction Railway and terminating in the seaports of Weymouth, Christchurch, Poole,
Sir George William Prescott, Bart., Theobalds, Kee and Southampton.s, Director of In the allotment of shares in this Company the Directors propose
the Chester and Manchester Direct, and South and Midlands' June- giving a preference to shareholders in the South and Midlands'
tion Railways
Sir William Wynn, Maesynewadd, Chairman of the North Wales, Junction Railway Company
and Director of the South and Midlands' Junction Railwa s •
Applications for prospectuses and plans may be made, and forms
Brigadier-General Sir Henry Pynn, Director of the Directy Western of application for shares had, at the Office of W. B. James, Esq.,
]hallwaySolicitor, 5, Basinghall-street ; and of the following gentlemen
London—Messrs. Peppercorne, 2, Old Broad-street; Mr. J. B. Har-
gis' John Key, Bart., Alderman' of London, Director of the London rison, 8, Bank Chambers ;
Co Thomas Hanbury, 4, Angel-court.
and Manchester Direct, and South and Midlands' Junction Liverpool—Messrs. Mills and Co and Messrs. Neilson.
Railways
Sir William Twysden, Bart., Director of the Chepstow and Forest of Manchester—Messrs. Houghland and Leese, and Mr. William
Marshall.
Dean Railway
iVilliam Hughes Hughes, Esq., F.S.A., F.L.S , &ll—Messrs Collinson and Flint.
Sze , Alderman of Lou-Lon-
don, Chairman of the Manchester and Birkenhead. Continuation,
Stratford-on-Avon—Mr. Leeds—Messrs. Young and Son.
William Bolton.
and London and Greenwich Railways, &c. &c.
Thomas Farncomb, Esq., Alderman of London, Director of the Lon- Exeter—Mr, Thomas Sanford.
don and Westminster Bank, and Namur and Liege, and South and Plymouth—Messrs. Hopwood and Palmer.
Midlands'Jtinction Railways Birmingham— Mr. Collis, and Mr. John Wright.
John Klnnersley Hooper, Esq,, Alderman of London, Director of the Glasgow—M
London and Manchester Direct, and South and Midlands' Junction Edinburgh—Mesessrs Tassie and Co.
srs. Robertson and Co., and Messrs. M`Callum
Railways and Co.
Thomas Kelly,
iv", Alderman of London, Director of the South 'aid Derby—Messrs. Eyre and Co.
FORM OF APPLICATION FOR SHARES.
Midlands' Junction Railways
Donald Maclean, Esq., Deputy-Chairman of the Trent Valley Con- To the Provisional Committee of the West Midland, Manchester,
tinuation, and Director of the South and Midlands' Junction and Southampton Railway.
Railways
Gentlemen,—l request that yon will allot to me
Major Oliver Lindam, K.H., Chairman of the Gloucester, Aberyst- Shares of 201. each in this Company, and I undertake to
number
tthaet
Junction Railways
with, and Central Wales, and Director of the South and Mldlawis' that
Junction and to pay the deposit thereon, or upon any less
may be allotted to me; and I undertake also to execute the par a•Major-General Pariby, C. 8., Rutland-gate, Director of the Worces- mentary Contract and Subscribers'im
Agreemente(in full) .
..
.when.required.....
ter and Crewe, and South and Midlands' Junction Railways
•
Captain James Patrick Macdougal, late Bengal Royal General Staff, Residence
Fir-grove, North Brixton, Director of the Chester and Forest of Trade or Profession
Dean, and South and Midlands' Junction Railways, &c. Reference ..
ere .. • .
Captain Alexander Hamilton Carle, Royal Artillery, Reform Club Address of Referee • • ..
John James, Esq., Secondary of the City of London, Director of the
Legal and Commercial Insurance Company, the Great Western of
Bengal, and South and Midlands' Junction Railway
Robert Henry Lyndam, Esq., Director of the Exeter and Weymouth
Railway
Major Jelf Sharp, Deputy-Chairman of the Thames Embankment
Railway
Richard William Johnson, Esq., Director of the London and Man-
chester, and Derbyshire and South Staffordshire Railways
William Fechney Black, Esq., Wilton-place, Beigrave-square, Direc-
tor of the Italian and Austrian, and South and Midlands' Junction
Railways
Peter Morrison, Esq., Managing Director of the Britannia Life Insu-
r Railway ance Company, and Director of the South and Midlands' Junction
James Clay, Esq., Brampton Director of the Furness and White-
haven, and South and Midlands' Junction Railways
Col. Robert Douglas, Royal Artillery, Director of the London and
Birmingham Extension, and South and Midlands' Junction Rail-
ways
William Shaw, Esq., Director of the Thames Embankment, Manag-
ing Director of the Farmers' Life Insurance Company, and Di-
rector of the South and Midlands' Junction Railway
Richard Carpenter, Esq., Magistrate of the County of Middlesex,
• Deputy-Chairman Of the London and Birmingham Extension, Di-
rector of the Leicester and Bedford, and South and Midlands'
Junction Railways k
G. W. Killett Potter, Mi., Secondary of the City of London
Lieut.-General Sir Lewis Grant, K.C.8., 31, Harley-street
John Jennings, Esq., Elm-grove, Hammersmith
William S. Potter, Esq., Sussex-gardens, Hyde-park, Director of the
Oxford, Witney and Cheltenham, and South and Midlands' Junc-
tion Railways
Benjamin Oliveira, Esq., F.R.S., 8, Upper Hyde-park-street
William Singleton, Esq., Leeds, Director of the Liverpool and Leeds,
and South and Midlands' Junction Railways
Erasmus Forster, Esq., Director of the Britannia Life Insurance
Company, and Derby and Stafford, and South and Midlands' Junc-
tion Railways
George Parbunk Esq., Russell-square, Director of the Manchester
and Birmingllkm Railway
Daniel Penton Johnson, Esq., Director of the London and Manches-
ter Railway
Richard Parish, Esq., Bank House, Wordsley, Staffordshire
Samuel Parish, Esq., Wordsley, near Stourbridge, Staffordshire
John Anderson, Esq., E.1.C.5., Director of the Church of England
Life Insurance, and South and Midlands' Junction Railway
Henry Lewis Smale, Esq., Willoughby House, Tottenham, Director
of the London and Dover, and South and Midlands' Junction
Railways
Janes Reeves, Esq., Director of the London and Manchester Direct,
and South and Midlands' Junction Railways
John Cash, Esq.
Henry Wright, Esq., Brunswick-square, Director of the Warwick
mid Worcester, and South and Midlands' Junction Railways
John Castendick, Esq., Lewisham
Robert Richards, Esq., Inner Temple, London, Director of the South
and Midlands' Junction Railway
George R. Colman, Esq., Director of the South and Midlands' Juisc-
tion, and Northampton and Banbury Railways
William Paxton, Esq., Langford, near Bicester, Director of the South
and Midlands' Junction Railway
William Bardgett, Esq., Winchester House, Broad-street, Director
of the Italian and Austrian, and South and Midlands' Junction
Railways
W. S. Cross, Esq., Director of the Manchester and Birmingham Con-
tinuation Railway
John Blackburn, Esq., Leeds
Peter Fairbairne, Esq., Leeds, Vice-Chairman of the Leeds and York
Railway
J. D. Hopkins, Esq., Bedford-square, Director of the London and
Birmingham Extension Railway
Henry Cornfoot, Esq., Old Palace, Richmond
James Durness, Esq., Leytonstone, Essex
George Willes, Esq., Hungerford Park, Bergs
G. N. Wright, M.A., Coed Celyn, Denbighshire, and Lonsdalo-square,
Islington
Stephen Lewis, Esq., Director of the South Wales Railway
Martin lumen Esq., Director of the Newark and Sheffield Railway
William Cadman, Esq., Leeds, Director of the Lincoln, York and
Leeds Railway
Edmund Phillips, Esq., Avon House, Melksham, Wilts, Director of
the South and Midlands' Junction Railway
Charles Thomas Ward, Esq., Luton Hoo, Beds, and Clopton House,
Stratford-on-Avon, Director of the South and Midlands' Junction
Railway
oseph Brook, Esq., Greenhead, Huddersfield, Director of the Leeds,
Dewsbury, and Manchester, and Huddersfield and Sheffield Junc-
tion, and South and Midlands' Junction Railways
George Henry Brook, Esq., Edgulin-lodge, Huddersfield, Previsional
Director of the Huddersfield, Halifax and Bradford Union Rail-
way, and Director of the South and Midlands' Junction Railway
Captain Hitchins, H.E.1.C.5., Queen Anne-street, Cavendish-square,
Director of the Birmingham and Oxford, and South and Midlands'
Junction Railways
John Allceck Dixon, Esq., Burnley, Lancashire, Director of the Li-
verpool and Leeds Direct, and Keighly, Halifax, and Huddersfield
Railways
James Beech, Esq., 15, Grosvenor-place, and Brandon Lodge, near
Coventry, and Director of the South and Midlands' Junction Rail-
Way
William Watson Prole, Esq., Thurloe-square, Brompton, Director of
the Jersey, and South and Midlands' Junction Railways
Thomas Mortimer Cleobury, Esq., Askew Villa, Acton
Major Waller, K.H., Director of the London and Manchester Direct,
and South and Midlands' Junction Railways
Frederick James Hall, Esq., Torrington-square, and Alfreton, Derby,
Director of the Trent Valley Continuation, and South and Mid-
lands' Junction Railways
T. R. W. Atkinson, Esq., Director of the Leicester and Bedford, and
York and Lancaster Railways
Joseph Underwood, Esq., The Hall, Blackheath, Director of the Me-
tropolitan Life Insurance Company, and Director of the London
and Birmingham Extension Company, and Director of the South
and Midlands' Junction Railway
11. A. Hill, Esq., Director of the Gloucester and Aberystwith and
Central Wales, and South and Midlands' Junction Railways
William Sloane, Esq., Wimpole-street, Cavendish-square, Chairman
of the Church of England Life Insurance Company, and Director
of the South and Midlands' Junction Railway
William Morley, Esq., Blackheath
Richard Dutton, Esq., Director of the Lincoln, York, and Leeds
Railway, Director of the Legal and Commercial Life Insurance
Company, and Director of the South and Midlands' Junction
Railway
Captain C. W. Tyndale, Director of the South-Eastern and South
and Midlands' Junction Railways
Frederick Jones, Esq., Lincoln's Inn, Director of the Warwick and
Worcester, and South and Midlands' Junction Railways
John Englis Jerdein, Esq., Director of the Great Manchester,
Rugby and Southampton Railway
Colonel Fitch, York-terrace, Regent's-park, Director of the South
and Midlands' Junction Railway
William Lee, Esq., Director of the Gravesend and Rochester, and
Essex and Suffolk Railways
Thomas Gooch, Esq., Director of the South and Midlands'
Junction Railway
J. Harvey, Esq., Rash-hill, Surrey
John Wheelton, Esq., Director of the Leicester and Bedford Railway
Thomas Collingridge, Esq., Highgate, Middlesex
W. A. Wilkinson, Esq., Director of the South and Midlands' Junction
Railway
C .Walte, Esq., Willesden, Middlesex
B. W. Wood, Esq., Lodge-place, St. John's-wood, Director of the
North Metropolitan Railway
William Stark, Esq., Director of the Guarantee Society
Fredericollingridge, Esq., Thurlow-square, Brompton
Warren M'mes Hale, Esq. Gresham-street, Director of the Oxford
and Worcester Extension
Kingsmill grove Key, Esq., Wandsworth
Thomas Yates Hunt, Esq., Brades, near Birmingham
Joseph Gill, Esq., Leeds, Director of the West Riding jtuaction, and
South and Midlands' Junction Railways
W. Lee, Esq., Gloucester-place, Portman-square
Robert Power, Esq., Queen-street, May-fair, Director of the Great
Britain Life Assurance Society
Admiral J. Ayscough, Prospect-place House, Southampton, Director
of the South and Midlands' Junction Railway
Joseph Thompson, Esq., Director of the London and Brighton and
South and Midlands' Junction Railways
Major Grubbe, Eastwell House, Potterne, Wilts, Magistrate of the
County, and Director of the South and 3fidlands'Junction Railway
Captain Seth N. Fisher, Director of the Warwick and Worcester, and
South and Midlands' Junction Railways
T. G. Norbury, Esq., Director of the Leicester and Bedford Railway
Henry Gerard Ohrly, Esq., Director of the Trent Valley Continua-
tion, and s=outh and Midlands' Junction Railways, and of the Legal
and Commercial Life Insurance Company
William Hallett, Esq., Kemp Tewn, Brighton, Director of the South
and Midlands' Jqnction Railway
John Brooke Walbitacke, Esq., Director of the South and Midlands'
Junction Railway
Captain Hamilton Earle, Royal Artillery
William Lee, Esq., Director of the Reading Railway
Henry Savage, Esq., Dorset-place, Dorset-square
William T. Thornton, Esq., Berkeley-street, Portman-square
John Dennis, Esq., Director of the Erewash Valley Extension Railway
Joseph Crockett, Esq , Alderman of Devizes, and Director ofte
North Wilts Banking Company, and South and Midlands' Junction
Railway
John flelbert Helbert, Esq., Gloucester-
place, London, Director of
the Leicester and Birmingham Railway
Rev. Thomas Price, Rector of Llanrothel, Herefordshire
Thomas Chitty, Esq., Gower-street, London, Director of the Rugby
and Worcester Railway
William Peppercome, Esq., London, and Bexhill, Sussex
Captain T. Hodges, Connaught-terrace, Hyde-park, Director of the
Leeds and Carlisle Railway
F. Duffield, Esq., Bolton House, near Bradford
Rev. F. R. Hall, D.D., Rector of Fulbourne, Cambridge
John Barnett, Esq., Coroner for the County of Gloucester, Director
of the Oxford and Cheltenham Railway
William Spooner, Esq., Chapel-street, Belgrare-square, Director of
• the Newcastle and Liverpool Railway
AlexandNortherJunction 14, Lincoln's Inn-fields, Director of the Bar-
James Railway
James Lees E
the „„,, Sq., Delph, Saddleworth, sear Manchester Director of
oaaaneworth Banking Company ,
(With power to add to their number).
E
_ axxxas—The Commercial Bank of London.
Consul-ufo Enors
rza—Sir John Mame% LL.D., F.R.S.
.A.crom
juiu.
James, Esq.,
Mullingar Higgins, C.E.
Sons
the
ft appears that England 5, Basinghall-street.
will be divided ion itudin ll b
I nes of railway
lug and interseele:hblychnuwrinleirbecons°rnline so
g a y y four great
many main trunks, intersec-
opening rapid a I
Packet rsetaadtyizininnnieaetsi,
and both transverse and o'slique,
trios, with
easterly of these, which i on with the intermediate di
with seaport towns. The more
also the longest, origin:nine' at Newcastlewhence
e:
may he said to terminate in LCensdtwon, all and
aces are accessible.
The second line, counting
eispirneocr,edtiPnortu 0s . •
a common northern terminus witsrdh'
g, by which its ad-
vantages are materially restricted. This line, deseend'inagn'thhase
8130
18;gby. and Oxford, ending
wash Vale, and passing through Rugby
and
Western Railway at Basing-
ampton line by falling into the es a South-
itoke.
The third longitudinal line, or the most
and narrow
fective in design than the preceding ; einp=terly, is still more de-
first link, it
railway called the Birmingham and Glouceste7rthe steep
traverses nearly in a right line the least populous aesndimteost undulating
parts of Gloucester, Berko, Wilts, and Hants ; and
'Properly speaking
has no independent terminus.
A large longitudinal section of the kingdom—the West Midland
district—a district inviting a similar species of accommodation from
concentrated local advantages, still remains unprovided with a chief
trunk line ; and it is contemplated to remedy this deficiency by the
present undertaking, or a fourth longitudinal line.
,Adopting Birmingham as a northern terminus of the West Mid-
land, Manchester, and Southampton Railway, it is proposed to carry
a line through or near to Stratford-on-Avon, thence between Moreton,
Raw, Northleach, Fairford, Cricklade, and Swindon, where it will
merge in the South and Midlands' Junction Railway.
The length of the proposed line will be about sixty miles, and the
district traversed by it is gently undulating and densely peopled. At
its southern terminus, Swindon, it becomes identical with the South
and Midlands, by means of which it opens a most direct communica-
tion hitherto ,suggested with the harbours of Weymouth, Chrigt-

Date

THE WEST MIDLAND, MANCHESTER,
AND SOUTHAMPTON RAILWAY, AND BIRMINGHAM,
SWINDON, DEVIZES, AND SALISBURY JUNCTION.
Notice is hereby given, that after the 30th of SEPTEMBER Instant,
no applications for shares in this undertaking can be received.
By order of the Board, G. N. WRIGHT.
5, Basinghall-street, London, Sept. 23, 1845.

MADRID AND VALENCIA RAILWAY,
authorised by an Ordinance of her Majesty the Queen of

Spain
Capital 2,400,000%., in 120,000 Shares of 20%. each, Spanish reals
(Vellon) 2,1100, fr. 500, of which 80,000 will be allotted in this
country.

Deposit 2/. per Share, reels 200, fr. 50.
PROVISIONAL COMMITTEE.
The Most Noble the Marquis of Winchester, 27, Cavendish-square
The Lord de l'lsle and Dudley, 16, New Burlington-street
The Lord Rossmore, the Dell, Windsor
The Right Hon. Lord Charles Beauclerk, Chesham-place, Belgrave-
square, and the Riding, Northumberland
The Right Hon. George Lionel Dawson Darner, M.P., 6, Tilney-street
The Hon. Charles Pelham Villiers, M.P., 27, Regent-street
Sir William Wynn, Chairman of the North Wales Railway
C. Barry Baldwin, Esq., M.P., 6, Parliament-street, Chairman of the
Paris and Strasbourg Railway
Benjamin Williams, Esq., banker (Mesas. Cockburn and Co.)
William Collins, Esq., M.P., Reform Club
Edward Bates, Esq., Managing Director of the Argus Life Assurance
Company
Samuel Ellis Bristowe, Beesthorpe Hall, Newark, Netts, and 8, Great
Ryder-street, St. James's
John Capper, Esq., merchant, 1, Adelaide-place, London-bridge
William Chadwick, Esq., Montagu-square, Chairman of the Rich-
mond Railway
John Chariche, Esq., Park Village East
Gideon Colquhoun, Esq., Weimer Lodge, Avenue-road, Regent's-
park, Director of the Worcester and South Wales Railway
Company
William Cooper, Esq., merchant, 20, Mark-lane, and Kingswood
Lodge, Dulwich
Edmund F. Dayrell, Esq., 15, Old Cavendish-street, and Lillingstone
Dayrell, Bucks, High Sheriff of Bucks, Deputy-Lieutenant of the
County, Chairman of the Cheltenham and Gloucester Railway and
Bridgewater and Minehead
W. Eales, Esq., merchant, Mincing-lane, Director of the Direct
Western Railway
Thomas Farncomb, Esq., Alderman of the City of London, Director
of the London and Westminster Bank
Richard Forman, Esq , Upper Thames-street
James Gernon, Esq., 13, Conduit-street
Major Graham, 16, Grove, Clapham
John Joseph Keene, Esq., St. John's-woed, near London, Director
of the National Bank of Ireland
Wm. King, Esq., Director of the Freemasons' Life Assurance Com-
pany
James Jehn Kinloch, Esq., 21, Gloucester-road, Hyde-park, Director
of the North Wales Railway Company
John Knill, Esq., Fresh-wharf, Thames-street, Director of the
Worcester and Crewe Railway
T. Laurence, Esq., St. Mary-axe, Director of the Direct Western
Railway
Major James Oliver Lindam, K.H., 8, New-street, Dorset-square,
Chairman of the Gloucester and Aberystwith and Central Wales
Railway, and Director of the South Midland Junction Railway
Nicholas M`Cium, Esq., 50, Parliament-street, Director of the Man-
chester and Rugby Direct Railway
Charles Carroll Mactavish, Esq., 22, Rutland-gate
J. B. Montefiore, Esq., 2, Winchester-buildings, Director of the
Australian Mining Company
William Nicholson, Esq., Manchester, Director of the Manchester
and Rugby Railway
S. P. Pratt, Esq., 55, Lincoln's Inn-fields, Director of the Kennet and
Avon Canal Company
George Clavering Redman, Esq., Limehouse
Colonel Edward Stopford, 9, Manchester-square, Director of the
Barbadoes Railway Company
William Gordon Thompson, Esq., Director of the South Midland
Junction
S. J. Waley, Esq., 22, Devonshire-place
William Lechmero Whitmore, Esq., 19, James-street, Buckingham- •
gate, Director of the London Central Railway Terminus.
RANKERS. •
London—Messrs. Curries and Co., Cornhill ; Messrs. Westerman and
Co., Nicholas-lane ; Messrs. Cockburn and Co., Whitehall.
Madrid—Bank of Isabella IL
STANDING COUNSEL—Jacob Waley, Esq., Lincoln's Inn
Somcrroas—Messrs. Keddell, Baker, and Grant, 84, Lime-street.
CONSULTING ENGINEER—P. Prichard Rely, ESQ.
SECRETARY—F. Kirkham Fowell, Esq.
Offices of the Company, 37, Moorgate-street.

The present Company has been formed for the constriction of a
line of railway from Madrid to the cityand port of Valencia, the most
central seaport on the Mediterranean. It will open out the re-
sources of an extensive district of country, eastward from the capital,
remarkable for the richness and fertility of its soil, the varied abun-
dance of its productions, and the commercial spirit of its inhabitants.
This railway is authorised by a special ordinance of her Majesty
the Queen of Spain ; and from its vast importance as a national route
of intercommunication her Majesty has been pleased to accompany
the grant with all the privileges and immunities which the Crown is
empowered to confer upon a railway company. Amongst these may
be enumerated-
1. A lease of the line and of its branches for 99 years.
2. The gratuitous grant of such Government and corporation lands
as may be required for the railway.
3. The free use of all timber, the property of the State, that may be
necessary for the works, or for other purposes.
4. The exemption for ten years, to be computed from the com-
mencement of the works, of all import duties on the machinery,
rails, and other articles requisite for the completion of the railway.
5. The entire exemption from all national and local taxes that
could otherwise be levied upon the railway, works, or buildings of
any description, and upon the capital represented by the shares.
6. The Government Is not to interfere with the Company's tariff
of charges for the space of forty years from the completion of the
works ; and no revision thereof is to take place on the expiration of
that period that can sink the profits below 15 per cent.
7. The line is to be classed, by a special law, under the title of a
" work of public utility," and as such to enjoy the royal patronage
and protection, and all the peculiar privileges attached to important
national undertakings.

The proposed line, thus largely endowed, is about 240 miles in
length, being upwards of 150 miles nearer the capital than the ports
of Cadiz and the north coast of Spain, and generally nearer than any
other port in the kingdom. Although it has not yet been minutely
surveyed, it is well known that there is no similar district of equal
extent in the kingdom which presents so few engineering difficulties.
For upwards of 80 miles the line will traverse the almost level plain
of Valencia ; and emerging from the boundaries of the province, it
will follow as nearly as possible the course of the rivers which flow
east and west from the central plateau in the province of Cuenca,
and approach Madrid by the valley of the Manzanares. The line
will either pass through or accommodate the most important towns
in the two provinces, which will thus be brought into rapid com-
munication with the capital on the one side, a seaport on the other.
This railway will be the means of supplying Madrid, containing
300,000 inhabitants, entirely dependent for provisions upon the con-
tiguous provinces, at a cheap rate, with the rich products of the pro-
vinces of Valencia, which abounds in most valuable mines, and is
beyond comparison the most fertile district of Spain.
Valencia, brought by this communication within ten hours' dis-
tance of the chief market of Spain, must necessarily become the
port at which all vessels with supplies for the metropolis will unload,
and the centre of the coasting trade along the whole sea-line from
Barcelona to Gibraltar.

The traffic in passengers and goods now existing between Madrid
and Valencia has been correctly ascertained, showing the following
results :
The annual number of passengers travelling between
Madrid and Valencia, and the intermediate towns, is
upwards of 42,000 ; but taking that number at the
present cost of conveyance by stage coaches, private
7-earriages, galeras, and waggons, the amount will be £67,800
The annual weight of goods conveyed between the two
cities and the intermediate localities is 4,900,003 cr. ~
from which the return is estimated at • -

1,223,400

Assuming that two-fifths only of the existing charges
become a source of revenue to the railway, and that
the tariff be reduced considerably below the State
tariff of Belgium, there will be deducted ~

£1,291,200

752,320

Remains
Supposing that the present traffic will only be ouble7l
by the railway, although experience has proved the
increase to be equal to 300 and 400 per cent., there will
be added

53 ,8s(

And add
X 1,077,760
For the transport of troops, military stores, &e., which
the Government will substitute for the conveyance by
waggons .. .. • •
25 per Cent., at the least, for the Alicant tragic

50,000
215,952

£1,343,712

From which deduct nearly 50 per cent. for maintenance
of way, &c. • . .. .. • • .. ..

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.

• • £671,856

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 will be in Spain, and it will be framed
on the principle of a eompania anonima, 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 hare been se-
cured to the shareholders.

A deposit of 2/. pet share is payable on allotment, and no future
call will exceed 21. 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. Wilkinson and Earle,
Hull; Messrs. Buchanan and Aitkin, Glasgow; Mr. W. Gordon,
Aberdeen ; Messrs. Labertouche and Stafford, Dublin ; and to the
London, Sept. 10, 1845.
Secretary, at the office, 37, Moorgate-street, London.
FoRM OF
APPLICTION. To the Directors
of the Madrid and Valencia Railway Company.
Gentlemen, I
epaaeyh t hie" d"; po- -si' -t
thereon-
rees:lr
Si.ou will allot me s. arcs of 20/. Same, or `Zyriesr
iniumuirrny ; and I hereby undertake to accept the
which you may appropriate to r. e, and to
'kited this per share.
day of

1845.
Residence ..
Profession or Trade
Place of Business •
Reference -

MADRID and VALENCIA. RAILW AY
No APPLICATION FOR SHARES will be received aster:
WED.N
ESDAY, the First day of October next.
By order,

F. KIRKHAM FOWLER, Secretary.
Office, 37, Ifoorgltte-street, Sept. 25, 1845.

PIZOVISTO.NA T.l" nrmsrErED.
ai BEAT ',EEL N."(IN. 0155
•LO
RAILWAY-,
By a Junction with the Eastern Counties Railway at nedfc°
Distance, 120 miles.
Capital 2,500,0001., in 100,000 Shares of 251.
each.
Deposit 21. 12s. 6d. per Ehare.
(Pursuant to the Standing Orders of the House of Coraoloo'

Right Hon. Lord
The PROVISIONAL commirrEz.
Plrectol
unboe
Sir William Twysden, Bart , Dorset-street, Portinan-squa.-,.
_, and
of Chepstow, Forest 'of Dean, and Gloucester Jtuictlol)
wash N alley Extension Railways ~,,pctor of til
Sir William Bacon Johnston, Bart., Parthenon Club, ,-•••, ay, an.
oChepstow, Forest of Dcan, and Gloucester Junction liii*;.os
r f the South and Midland Junction, alid West Midland A „iland
3 ajor-General Sir Robert Barton, K.C.11., Director of the 1.
Henry
Ale
Lancaster Railway
t Ambler,
Thomasalliteayncdoero,tiEnsoqa.t,ioDoh•Becatilbwr of the Italian and Austrian, ad
Wattfrsorl
C. H. Anderson,
Hall, near Halifax, Director of the West Yorkshire Eau" • ,
Liverpool a, iiiitils°
and Leeds Direct Railway
Esq.. worsted spinner and manufacturer, _ay, and
Wtilhlie Oxford Esq.,andNo
Railway or of
am
Direct
John Alexander Bicknell, Esq., Brandon Cottage, Bristol,
r Uppereester ExtensionCl apt on ,DRiraeiclwt Director the Paw
Of
, D111"°rAl
Bardgett, Esq., Winchester-street, Broad-stree A spa) ,
the Italian and Austrian, and the Derby, Uttoxeter, an
Railways
William Banks, Esq., H
John Byng Banks,
Esq.,onSteocyllawneellM, Surrey

e-sanifjool'
Belga' 1J: