The Sun.
London, England, 1845-08-19 00:00:00

DEMERARA RAILWAY COMPANY,
To be incorporated by an Act of the Colonial Legislature.
Capital, 240,000/., in 10,000 Shares of 251. each.
Deposit 2/. 10s. per Share.
A portion of the Shares to be allotted to parties in Europe, and the
remainder to Subscribers in the Colony.

PROVISIONAL COMMITTEE.
CHARLES CAVE, Esq., Chairman,
John Stewart, Esq., ➢1.1'., Albany.
Henry Barkly, Esq., ➢I.P., Eaton-place
Sir James Carmichael, Bart., Sussex gardens
George Anderson, Esq , Lime-street-square
James Brand, Esq., East India-chambers

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James Cavan; Esq., Park-crescent
Andrew Colville, Esq., Curzon-street
John Crosthwaite, Esq., Liverpool
Henry Davidson, Esq., Lime-street-square
James Douglas, Esq., Glasgow
John Gladstone, Esq., Carlton-gardens, and Fasque, N. B.
Robertson Gladstone, Esq., Liverpool
Jonathan Hopkinson, Esq., Fenchurch-street
John Kingston, Esq., Lime-street-square
George Labalmondierc, EFq., Lime-street
Michael M'Chlery, Esq., Finsbury-circus
Charles M'Garel, Esq., Wimpole-street
Thomas Murray, Esq., Liverpool
'I homas Naghten, Esq., Fenchurch-street
Henry Porter, Esq., Winslade House, Topsham, Exeter
George Rainy, Esq., Cumberland-terrace, Regent's-park
A. F. Ridgway, Esq., Leicester-square
William R. Sandbach, Esq., Liverpool
Sir Robert Schomburgk, K.R.E., New Kingstpn, Surrey
HONORARY SECRETARY—Henry Hill, Esq,
CONSULTING ENGINEEE—Joseph Locke, Esq.
SOLICITORS—Messrs. Crowder and Maynard, 57, Coleman-street.
BANKERS—Messrs. Prescott, Grote, Cave, Ames, and Cave.

The colony of British Guiana possesses superiot physical capabi-
lities for the construction of railways, the country near the sea pre-
senting an alinest absolute level over an area of several hundred
square miles.
The entire produce of the district called the east coast, which is in
the county of Demerara, consisting of sugar, rum, molasses, &c., as
well as the supplies of the plantations, comprising coals, bricks,
lime, lumber, and other bulky articles, are at present conveyed to
and from George-town, the capital of the colony, and the port at
which they must be landed or shipped in punts and coasting
schooners, at considerable risk and expense.
It is to this district that the proposed Company Wend first to
direct their operations, by constructing a railway from George-town
to Mahaica, a distance of twenty mile., along which line there are,
besides sugar plantations, many villages, containing a numerous and
increasing population.
As all the risk and delay, and a great part of the expense now in-
curred in carrying on the traffic would thereby be obviated, there
can be no doubt that it would be wholly transferred to this railway.
Estimates of traffic, founded upon the tables published by the
Royal Agricultural and Commercial Society of British Guiana for
the year 1844, have been carefully prepared, from which It ap-
pears that, on a moderate scale of charges, and after making a de-
duction of 40 per cent. for working expenses, a return of 10 per
cent. upon the capital of the Company may be fairly expected.
The Provisional Comfnittee are also satisfied that a great addition
to their contemplated profits will progressively arise from the con-
tinued influx of labour into the colony, as well as from the natural
increase of the population. The existing estates along the line are
capable of doubling their present production as soon as they can (by
an accession of labour) be fully cultivated, and thereby yield an ado-
quate profit; and the cultivation of many estates, now abandoned,
will be resumed.
The Committee look forward to an early extension of the railway
towards the county of Berbice, which would still further augment
the traffic.
Thee can be no doubt that a goject so advantageous as the pre-
sent in every respect to the interests of all parties connected with
British Guiana will meet with the approbation of her Majesty's
Government, and the cordial support of the authorities in the colony,
many °tithe principal residents of which have suggested the present
project.
Early steps will be taken 'for the incorporation of the Company by
an Act of the Colonial Legislature, to be sanctioned by the Crown,
by which due provision will be made for limiting the responsi-
bility of the shareholders to the amounts of their respective sub-
scriptions.
Estimates of cost have been already prepared, and the execution of
the work will be entrusted to a skilful engineer, who will be sent out
immediately to superintend the construction of the railway.
Applications for Shares, in the fbrm annexed, and for copies of the
Prospectus, may be made to the Hon. Secretary, Henry Hill, Esq.,
at the West India Committee Rooms, Old Jewry, on or before the
25th inst.
Copies of the Prospectus may also be had from A. F. Ridgway, Esq.,
42, Leicester-square ; Messrs. Sandbach, Tinne, and Co., Liverpool ;
Messrs. T. Daniel and Sons, and Messrs. Evan Baillie, Sons, and Co.,
Bristol; Messrs. J. T. and A. Douglas and Co., Glasgow; Sir John
Kingston James, Bart., and Co., Dublin.
London, Aug. 8, 1845. CHARLES CAVE, Chairman.