New-York tribune., 1918-07-03

NOTICE is HEREBY GIVEN that rur-
nnsnt ',l TO The provisions Of the Second Seized
ule 70 the above mentioned Trust Deed. dated
Isl June. 1908 a Meeting of the holders OF
the Bonds thereby secured thereafter referred
20 as the Ronds') will be held at Winches-
Ter House. Old Broad street. in the City of
LONDON on the twelfth day of August. 1915
NJ - 80 O'Clock in the afternoon. for the
purpose of considering and if thought fit
passing Extraordinary Resolutions as defined
by the said Second Schedule to the intent
IN mat the said Resolutions shall be binding on
HI the SondholderS. whether present not
present at the Meeting 10 the following
l.: APPROVING and adopting Composition
Agreement thereafter referred to as "the
Somposition'D between the Company and its
Bondholders. Creditors and Shareholders
which has been Professionally approved by
Committees in France. England and Belgium
representing the Bondholders and directing
me execution thereof on behalf of the Bond
2 Authorising and directing the Trustee
under the above mentioned Trust Deeds to
MIG the above-mentioned Trust Deeds and to
concur In the execution of Supplemental
Trust Deeds modifying the Trust Deeds Sc
curing the Six per Cent. Notes and the Con-
Nertible Debentures of the Company re-
spectively 10 effectuate the provisions of the
Composition. including appropriate provisions
above mentioned Trust Deeds of such unex-
pended balances Of any of accrued income
ana sinking fund moneys 1t may hold to
the Joint Committee to be held and applied
by it as gross income for the and pur-
poses IN SAID Composition Agreement
forth and TO join in the execution of trust
deed to secure an Issue of Secured Debentures
to be created by the Company pursuant 10
the Composition such Supplemental Trust
Deeds and Trust Deed being in the form OF
the drafts already prepared which will be
submitted 20 the Meeting, subject to such
modincatlons off any( as may be approved
AZ the Meeting. or as may be approved in
writing by all of the parties who are to be
the first representatives of the Bonds on the
Joint Committee to be established pursuant
70 the Composition Agreement. and authoris-
Ing the Trustee to do all such other acts and
things as may be necessary or desirable for
carrying the Composition into effect.
so ooo oan 6nth9r1sing no BrI the creation OF Frs
uliu) all the assets charged to be charged
TO secure the Bonds in priority to the charge
and authorising and directing the Trustee to
concur in the execution of a Trust Deed to
the draft already prepared, which will be
submitted to the Meeting subject to such
notifications Of any) as may be approved at
the Meeting.
g. Providing for the indemnity ana pro-
tection OF the Empire Trust Company and
any successor Trustee in giving effect to the
Composition. and authorising the Empire
Trust Company or any successor Trustee 20
consent to notifications of the documents
ferred to in paragraphs !, and above. and
ratifying and approving the acts of the En-
plre Trust Company under the Trust Deeds
securing the Bonds.
& Asserting to certain alterations in the
Second Schedule TO the Trust Deed dated 1st
June. 1909 lrelating to Meetings of the Bond
the Supplemental Trust Deed to the Trust
Deeds securing the Bonds
g. Generally providing for the modifica
ton alteration and compromise Of the rights
of the Bondholders and the holders of the
coupons attached thereto against the Com
pany and against It's property contemplated
by the Composition and the said Supplemental
Trust Deeds the same respectively
submitted to the Meeting, and either with or
without such notifications therein
authorised hy the Meeting
T. Authorising and directing that the Re-
ceivership proceedings in America and Eng
land be terminated and the Receivers acts
and accounts be approved and that he be dis
charged, and restraining any Bondholder
from taking or instituting any suit pro-
ceedings 10 forecose the security created by
or TO enforce the trusts of the said Trust
Bonds held by him until the Composition
shall become effective pursuant to Section
XII. thereof or until such date the Meet
ing may fix. whichever date shall be the
earlier
Copies OF the Composition and OF drafts
(subiect to notification of the Supplemental
Trust Deeds and the Trust Deeds to secure
the Prior Lien Bonds and the Secured
Debentures above mentioned. may be obtained
of the Company: New York. 25 Broad
Street; Paris, l. Rue Louis lie Grand Lon
agents OF the Company. so Bishopsgate
The said Composition contains elaborate
provisions which cannot be explained in de5
tail in this notice. 1t also provides (among
other thngs) -
(n) For the establishment of a Joint Com
mittee for the period mentioned in the Com
position representing the various Bond issues
Of the Company, with wide powers and dis
cretions 10 the Companys business and
as to the application of the income produced
by the security for the Bonds and other mat
ters touching the interests and security of
the Bondholders.
tb) For increasing the rate OF interest
upon the Bonds by u per cent. but deferring
the Sinking Fund until 922 and for a period
making the interest and Sinking Fund con-
tlngent upon there being income available for
the payment thereof. after providing for the
expenses. outgoings and contingencies men
toned in the Composition Interest Is for
periods, the length of which will depend upon
the success of the Company made at first
non-cumulative, next cumulative, and ulti-
mately fixed obligation
Co For restricting the Bondholders' right
to enforce their security.
w. CAMERON FORBES, Receiver
BY order of the Board Of Directors,
BRAZIL RAILWAY COMPANY,
BY S. D. BROWN, Secretary.
Dated LIST June, 1SfS.