The Sun.
London, England, 1845-09-25 00:00:00

rarts of Gloucester, 'Utica, Wilts, and Hants i and, properly speakin
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,
Stow, 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, Christ-
church, Pgolc, and Sentliampton. .M its northern terminus, Wr-
ingham, it communicator wfth a series of lines, projected, in Pro-
gress, or completed, which will form the most direct line that can
ever probably be constructed between the southern ports of England
and the great manufacturing districts.
In the alliance of lines forming the West Midland, Manchester
and Southampton Railway project, a combination of advantages pre-
sents itself—the result of a design, to a great extent, but of contin-
gencies also. If it be desirab:e that the terminus of every railway
should be situated at some commercial or populous place, in this re-
spect the present project is peculiarly fortunate. If Government be
resolved on countenancing the shortest and most direct lines, it
will be Ken, by laying a rule on the map of England from Salisbury
to Mancher,ter, that a course due north and south between these
places will pass very nearly through the towns mentioned in this
prospectus, as being on the proposed line ; and actual measurement
has shown this line to be the shortest between Southampton and
Manchester by 26 miles.

By the construction' therefore, of little more than 60 miles of
rail, as here proposed, the shortest, most direct, and convenient
communication between Manchester and Southampton will be es-
tablished—a line, also, however superior in povitiou to ethers pro-
mising similar advantages. may yet be considered as competing
with none, but as an independent work, originating at Ilirmingham
and terminating in the seaports of Weymouth, Christchurch, Poole,
and Southampton.
In the allotment of shares in this Company the Directors propose
giving a preference to shareholders in the South and Midlands'
Junction Railway Company.
Applications /or proapectu§es and plans may be made, and forms
of application fur shares had, at the Office of W. B. James, Esq.,
Solicitor, 5, Basinghall-street ; and of the following gentlemen :
London-3fessrs. I'eppercorne, 2, Old Broad-street ; Mr. J. B. Har-
rison, 8, Bank Chambers ; Mr. Thomas Hanbury, 4, Angel-court.
Liverpool—Messrs. Mills and Co , and Messrs. Neilsen.
Manchester—Messrs. Houghland and Leese, and Mr. William
Marshall.

Hall—Messrs CoHinson and Flint.
Leods—Messrs. Young and Son.

Stratford-on-Avon—Mr. William Bolton,
Exeter—Mr. Thomas Sanford.

lymouth—Afessrs. Hopwood and Palmer.

Birmingham— Mr. Collis, and Mr. John Wright.
Glasgorr—Messrs Tassie and Co.

Edinburgh—Messrs. Robertzon and Co., and Messrs. M'Callum
and Co.

Derby—Messrs. Eyre and Co.

FORM OF APPLICATION FOR SHARES.

To the Provisional COmmittee of the West Midland, Manchester,
and Southampton Railway.
Gentlemen,—l request that you will allot to me
Shares of 201. each in this Company, and I undertake to accept the
same, and to pay the deposit thereon, or upon any less number that
may be allotted to me ; and I undertake also to execute the Parlia-
mentary Contract and Subscribers' Agreement when required.
Name (in full) ..........
Residence. • •• • ........
Trade or Profession • • • ....... ......
Reference • • • •
Address of Referee • • • • • • • ..

Date

riIHE WEST MIDLAND, MANCHESTER,
111 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 tha Board, G. N. WRIGHT.
5, Basinshalt-street, London, Sept. 28, 1845.

A.DRID AND VALENCIA RAILWAY,
kvJL aathorised by an Ordinance of her Majesty the Queen of

Spain.
Capital 2,400,0001., in 120,000 Shares of 201. each, Spanish reels
(Vellon) 2,000, fr. 500.
Deposit 2/. per Share, reels 200, fry 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 Light Hon. Lord Charles Beanclerk, Chesham-place, Belgrave-
square, and the Riding, Northumberland
The lion. Charles Pelham Villiers, M.P., 27, Regent-street
Sir William Wynn, Chairman of the North Wales Lailway
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 Collin., Esq., M.P., Reform Club
Edward Bates, Esq., Managing Director of the Argus Life Assurance
Company
John Capper, Esq., merchant, 1, Adelaide-place, London-bridge
William Chadwick, Esq., Montagu-square, Chairman of the Rich-
mond Railway
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-strect, and Lillingatone
Dayrell, Bucks, High Sheriff of Bucks, Deputy-Lieutenant of the
County, Chairman of the Cheltenham and Gloucester Railway and
Bridgewater and Minehead
W. Ealcs, Esq., merchant, Mincing-lane, Director of the Direct
Western Railway
Thomas Farncomb, Esq., Alderman of the City of London, Director
of the Loudon and Westminster Bank
Richard Forman, Esq , tipper Thames-street
John Joseph Keene, Esq , St. John's-wood, near London, Director
of the National Bank of Ireland
Win. King, Esq., Director of the Freemasons' Life Assurance Cont.;
parry
James John Kinlocle Esq., 21, Gloucester.
cf the North Wales Railway Company
John Knill, Esq., Fresh-wharf, Whatue.s-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 Ma Gloucester and Aberystwith and Central Wales
Railway, and Director of the South Midland Junction Railway
Nicholas M`Cann, Esq., 50, Parliament-street, Director of the Man-
chester and Rugby Direct Railway
J. B. Monteflore, Esq , 2, Winchester-buildings
William Nicholson, Esq., Manchester, Director of the Manchester
and Rugby Railway
g. I'. Pratt, Esq., 55, Lincoln's Inn-fields, Director of the Kennet and
Avon Canal Company
Colonel Edward Stopford, 16, Edward-street, Portman-square, Direc-
tor at the Barbadoes Railway Company
William Gordon Thomjson, Esq., Director of the South Midland
Junction
S. J. Waley, Esq., 22, Devonshire-place
William Lechmere Whitmore, Esq., 19, James-street, Buckingham-
gate, Director of the London Central Railway Terminus.
LANKERS.
London—Messrs. Curries and Co., Comilla ; Messrs. Masterman and
Co., Nicholas-lane; Messrs:Cockburn and Co., Whitehall.
Madrid—Bank of Isabella 11.
STANDING COUNSEL—Jacob Waley, Esq., Lincoln's Inn
SOLICITORS--Messrs. Keddell, Baker, and Grant, 84, Lime-street.
reaisnarixo ENGINEER—P. Prichard Baly, Esq.
SECRETARY—F. Kirkham Powell, Esq.
Offices of the Company, 37, Moorgate-street.
The present Company has been formed for the construction of a
Ibis of railway from Madrid to the city and 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-
erlattee 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 es a national lonic
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 inay
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. Tne 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
serve, ed, 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 Va!encia, and the intermediate towns, is
upwards of 42,000 ; but taking that number at the
present cost of conveyance by stage coaches, private •
=carriages' galeras, and waggons, the amount will be £67,800
The annual weight of goods conveyed between the two
cities and the intermediate localities is 4,903,002 ue
from which the return is estimated at •• • • 1,223,400

I, Hyde-park, Director

£1,291,200

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 ••

752,320

Remains . • • • • • £53 ,8110
v Saoring that the present traffic will only be doubled
by the. railway, although experience has proved the
Increase to be equal to 300 and 400 per cent., there will
be added

kie,Bbo

And add
For the transport of troops, military stores, &c., which
the Government will substitute for the conveyance by
waggons ..
25 per Cent., at the least, for the Alicant traffic • .

£1,077,760

50,000
215,952

£1,343,712

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

671,956

X 671,856

t.:118:
enor,rf a d
It
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 authionriisheismtlaieireidre, cttolo,,n_ahtneothcfel,xniacena:apneitlaelctnirlacritteinleie-
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 tneth
concession,
ce
on-
ceded nO
nmn:
and have their with
term
will be trammed
the Company will be in
ted
f the shares
oc.e(iTiteitteetlpocorsianlPecaiol. of a compania anonima, agreeably to the commercial
taannodeiioneut.estrii,ic,larcdootomi
ef 7bl;
the
ee
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 21. per share is payable on allotment, and no future
call will exceed 21. per share, of which two months' notice at leas:,
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. 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
Secretary, at the office, 37, Moorgate-street, Loudon.

. .
London, Sept. 10, 1845.
FORM OF APPLICATION.

To the Directors of the Madrid and Valencia Railway Company.
Gentlemen,--I request you will allot me is area of 20/.
each in the above Company ; and I hereby undertaket) accept the
same, or any less number which you may appropriate to i. e, and to
pay the deposit thereon of 21. per share.
Dated this day of

1845.
Name ••• • • • •. • •4. • •
Residence
Profession or Trade • • • •• • •
Tlace of BtAncss
RefereaN • . 000000 . •