The Sun.
London, England, 1845-06-18 00:00:00

with a view to ascertain the most eligible line for a railway to Mon-
mouth, as that town and district would not be conveniently connected
with Bristol by any of the railways then projected. Various circum-
stances delayed the Engineer's report, and during the interval a
scheme, of a more extensive character, has been brought forward—
viz. one for a railway from Bristol to Hereford, with a fixed
bridge across the river Severn, at the Aust Passage.
After the most full deliberation, the Directors consider that the
announcement of this project ought not to alter the course they
had intended to pursue, of providing the public with a mode of tra-
velling from Bristol to Monmouth suited to the resources of the coun-
try, and to the surmountable difficulties incident to a large navigable
river. They can see no reason to expect that the Lords of the Admi-
ralty (whose sanction the recent Land Clauses Consolidation Act has
rendered necessary when a railway is to be carried over a tidal
river), will look on a bridge across the estuary of the Severn, where
it is nearly a mile and a half in width, with greater favour than they
have lately shown with regard to one where the same river is only
six hundred yards wide, and is not navigated by large vessels ; and
from long experience in railway business, the Directors are convinced
that no adequate revenue for an outlay of two millions upon forty-
eight miles of country, possessing no peculiar resources, can justly
be anticipated.

They have carefully examined into all possible sources of traffic ;
and though they are of opinion that a gross income might be pro-
duced, of about two thousand pounds per mile, per annum, which
would yield a fair return on the cost of a railway connecting Chep-
stow and Monmouth, as a link in the general railway scheme for
that district, they believe that no person acquainted with railway
statistics can justly anticipate an additional net revenue of Five per
Cent. upon one million pounds, the smallest sum at which the
bridge can be estimated.

It should be recollected that many years must elapse before such
a stupendous work across a rapid navigable river of such depth
and width, and with the greatest rise of tide known in the world,
could be completed, even if subscribed capital for such a purpose
could be relied upon, and also that ere long the distance between
Bristol and the north, and north west of England will be so much
lessened by the lines of railway now before Parliament and the
public, that sixteen miles will be the utmost saving in travelling from
Bristol to Liverpool via Monmouth, while to Manchester, the rail-
ways via Gloucester must still afford the most direct communication.
Whenever two routes of equal facilities are open to the public. the
proprietors of either ought not to anticipate more than half the
travelling, and therefore the Directors believe that any expectation
of monopolising the long traffic between Bristol and Liverpool, or
the adjacent districts, is fallacious. For these reasons the project for
a bridge across the Severn, and for the 48 miles of railway, to be con-
nected with it (requiring a gross revenue of 150,0001. per a nnmrnt
pay the necessary expenses, only five per cent. upon the pese
estimate of two million pounds), can never be regarded favourably
in a financial view by any parties who inquire into the average re-
ceipts per mile resulting from railway or bridge traffic,
The Directors have felt it necessary to make these observations on
the undertaking referred to as an explanation why they still pro-
ceed with their own plans precisely as they would have done had
such a scheme never been announced.

They have the great satisfaction to state, that the Bristol and
South Wales Junction Railway, together with the improvements at
the New Passage Ferry, and the proposed extension line to Mon-
mouth, will be constructed under the superintendence of Mr. Brunel,
and they are confident that through his skill and experience the in-
conveniences ofa ferry will be modified far bey and public expectation.
When the Severn is reached by the Railway from Bristol and
crossed at the New Passage, the traveller will be in the direct route to
Newport, Cardiff, and South Wales on the one side, and on the other
to Chepstow and Monmouth, from which latter town various lines
are about to be constructed to Hereford, Shrewsbury, North Wales,
Chester, Liverpool, &c.
The Bristol and South Wales Junction Railway was promoted to
maintain the very ancient connexion between Bristol and the Prin-
cipality, and the proposed extension of it to Monmotth will have a
similar tendency in reference to the towns of Chepstow and Mon-
mouth, and the districts In which they are situnted.
The Directors therefore believe that it will receive the strong sup.
port both of the Shareholders in the Bristol and South Wales Junc-
tion Railway, as a protection of :heir interests, and of theinhabitants
of Swath Wales and 3fonmouthshire, as a certain and early means of
securing railway communication with Eristol and the districts to be
reached by the various railways connected with lA,: city.

It has been considered more judicious to form a sepanite Company
for the extension has to Monmouth than to alter the Bristol and
South Wales Junction Railway Company at present, but powers ars
proposed to be taken for uniting the two Companies hereafter with
the assent of their respective Proprietors. 1.1 is also intended to pay
interest on the calls at 4 per cent.
The Shareholders in the Bristol and South Wales Junction Railway
Company will be considered entitled to shares in this Company, and
therefore such of them as may be applicants are requested to state
the number of Shares they already hold'in the Ormer.
Prospectuses and Forms of Application may be obtained, on ap-
plying personally, or by letter, to the Solicitors and Secretary,
and also,

At Exeter—To Mark 'Conaway, Esq., Solicitor.
At Liverpool—To Messrs. Littledale and Bardswell, Solicitors.
At Manchester—To Messrs. Slater and Heelis.
At Chepstow—To J. L. Baldwin, Esq., Solicitor.
At Newport—To Messrs. Protheroe and Towgood, Solicitors.

At Cardiff—To Thomas Dalton, Esq., Solicitor.
At Swansea—To I. J. Price, Esq , Solicitor.
FORM OF APPLICATION..
To the Provisional Directors of the Bristol and South Wales June-

tion Railway Extension Line to Monmouth,---
Gentlemen,—l request that you will allot to me Shares of 251.
each, in the proposed Bristol and South Wales Junction Railway
Extension Line to Monmouth, on the terms and conditions of the
Prospectus; and I undertake to pay the deposit and sign the neces-
sary Deeds, when required.
Dated the day of 1845.
Place of Business • • • • • • • • • • • • • . • . • •
Place of Abode • • • ..... •• • • • • ••• • • •
Profession or Trade • •

THE GALWAY and BELFAST JUNCTION
RAILWAY.
The Committee hereby Give Notice that no Application for Shares
will be received after MONDAY, the 23d inst., nor will any applica-
tions be attended to unless accompanied by unexceptionable re-
ferences. By order •f the Committee,
MARCUS LEWIS HILL, Secretary.
Offices, 65, Moorgate-street, 16th June, 1845.