New-York tribune., 1918-07-02

NOTICE is HEREBY GIVEN that pur-
suan, 10 the provisions Of the Second Sched-
u!e 10 the above mentioned Trust Deed. dated
Isl June, 1909 Meeting OF the holders of
the Bonds thereby secured thereafter referred
20 as the Bonds'D will be held at Winches-
ter House. Old Broad street in the CITY of
London, on the twelfth day Of August. 1sls
ar 1850 o'clock in the afternoon for the
purpose OF considering and. ii thought fit
passing Extra ordinary Resolutions as defined
oy the said Second Schedule. to the intent
dhat IN; !he said Resolutions shall be binding on
present at the Meeting. 10 the following
l. APPROVING and adopting Composition
agreement thereafter referred to as the
Sonposition') between the Company and its
Bondhoders., Creditors and Shareholders
which has been Professionally approved by
committees in France. England and Belgium
representing the Bondholders and directing
the execution thereof on behalf OF the Bond
:. Authorising and directing the Trustee
under the above mentioned Trust Deeds TO
ing the a 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-
vertible Debentures Of the Company re-
spectively to enectuate the provisions OF the
composition, Including appropriate provisions
Tor the transfer by the Trustee under the
above mentioned Trust Deeds of such unex-
pended balances III any) OF accrued income
and sinking fund moneys it may hold to
the Joint Committee TO be held and applied
oy 1t as gross income for the uses and pur-
forth. and to join in the execution of a trust
deed 10 secure issue OF Secured Debentures
me composition, such Supplemental Trust
Deeds and Trust Deed being in The form, of
the drafts already prepared which will be
moclhcatIons tlf any) as may be approved
at 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 he established pursuant
TO the Composition Agreement, and authorls-
oil
things as may be necessary or desirable for
caaryins the Composition into effect.
oP prer Lien h Soea @ S con- Pn
pany. ranking as first charge upon linter
ola) all the assets charged or TO be charged
TO secure the Bonds in priority to the charge
created BY the aforementioned Trust Deeds
and authorising and directing the Trustee to
concur in the execution of a Trust Deed to
secure such Prior Lien Bonds In the form OF
the draft already prepared. which will be
submitted to the Meeting subject to such
NOTIFICATIONS of any as may be approved at
the Meeting.
...,. 4 Proyiding for the indemnity and pro;
lection Of the Empire Trust Company and
any successor Trustee in giving effect to the
Composition. and authorsing the Empire
trust Company or any successor Trustee to
consent to notifications OF the documents re-
ferred TO in paragraphs l. 2 and above. and
ratifyng and approving the acts of the EN-
securing the Bonds
8. Asserting to certain alterations in the
Second Schedule to the Trust Deed dated Is.
June. 1909 trelating to Meetings of the Bond
holders) which are set out In the draft Of
the Supplemental Trust Deed to the Trust
Deeds securing the Bonds.
c. Generally providing for the modifca-
tlon. 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 as the same are respectively
submitted to the Meeting. and either with or
without any such notifications therein as
are authorised by the Meeting.
ri ~ nd inc hat
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 Bondhoder
from taking or instituting any suit pro-
ceedings TO foreclose the security created by
or to enforce the trusts of the said Trust
Deeds or otherwise in connection with the
Bonds held by him until the Composition
shall become effective pursuant to Section
NI. thereof or Until such date as the Meet
ing may fix, whichever date shall be the
Copies of the Composition and of drafts
fsubject TO modification of the Supplement- al
Trust Deeds and the Trust Deeds to secure
the Prior Lien Bonds and the Secured
Debertures above mentioned. may be obtained
on on applieaLon at any OF the yd, following Offices
Street Paris. II Rue Louis lie Grand Lon
don Binder. Hamlyn Company London
ageEts Of the Company, 50 Bishopsgate,
The said Composition contains elaborate
provisions which cannot be explained in de
tail in this notice 1t also provides (amons
other things -
(o) For the establishment of Joint Com
rnittee for the period mentioned in the Com
position representing the various Bond issues
OF the Company with wide powers and dis
cretions as to the Cornpany's business and
as 10 the application of the income produced
10y the security for the Bonds and other ma
ters touching the interests and security OF
the Bondholders.
(b) For increasing the rate OF interes.
upon the Bonds by II per cent, but deferrne
the Sinking Fund until 1922 and for d period
making the interest and Sinking Fund con
tingent upon there being income available for
the payment thereof. after providing for the
expenses, outgoings and contingencies men
TONED In the Composition. Interest is 70.
periods, the length of which will depend upor
the success of the Company. made At frs,
non-cumulative. next cumulative, and ulti-
nately fixed obligation.
tc) For restricting the Bondholiers' righ,
to enforce their security.
w. CAMERON FORBES. Receiver
by order OF the Board OF Directors.
BRAZIL RAILWAY COMPANY
BY :. d. BROWN. Secretary.
Dated 1st June. 1918.