New-York tribune., 1919-08-30

TO THE HOLDERS OF Az Jesr-r ~,
PER oEHT. FIRST MORTGAGE BoGMSpss
lST MOVE FIR. 1911. BETWEEN III, I'd
COMPANY AND EMPIRE TRUST cdua ~
PANY. ~oA-
NOTICE IS HEREBY GIVEN tha, 49,.
,uant 10 the provisions Of the s.son,
Schedule TO tho above ve-rnentioned Trust ma
1 Meeting OF the Holders ~ she Bonds ;hsTs'i
~ secured thereafter referred 20 as -
2onds') viii = neld at Winchester Has a'
o.d Broad Street, in the Ci,y ~ r.ondon -
Wednesday, the 18th day ot October. ja,s 20
~ IL noon for he purpose OF consderjny
md. If thought ~. passing Extraors,na.rs.
Resolutions as defined by tho ssld Saco-s
Schedule. to he intent that ire said Resol,sa' R5.a
ions shall hc binding on all the Bon4holaer.
ng. 20 the following effect
l. Approving and adopting a Cornnoys-
ton Agreement fhereiuafter referred 70 =,
the Composition between the COMPANY
holders. certain Creditors and the Share
holders. and direc5-ng the execution ,her.o,
on behalf OF the Bondholiers-
Q Approving the appointment Of th.r.~
Debenturs Corporation, Limited as Tr,..
tees OF tho said Trust Deed in success;o,
TO the Empire Trust Company who hay.
resigned or yropose % resign.
g. Authorizing tho creation % Pror liz,
Bonds % me Company ~ an aIaoun, No.
exceeding 1877 500. together NTH spea
further amounts g may - necessary ~
with the available proHts" of the Com
pany as def5.sd - lie Composition - esr5
Of the financial years ending .se 3.sr Do
cember 1919 and 3isf December, ie2D ,,
pay the interest on the Prior Len Bonds
and (ii) to u ay the Fsenc. fsc- charge,
and taxes eorher than those assessabl,
against the holders of Prior Lien Bonds .,
the Company as holders or owners hereof,
10 which such Of the Prior lisn Bonds Z.
for the time being arc owned hy The Brazil
Railway COMPANY or form part OF TIA
coilaterals of any of Is Bond szres Sofid
be subject II originally issued IN Franz.
Such Prio, Lien Bonds TO rank q fssr
charge Npon all the assets charged "A
secure the Bonds in priority 10 the chars.
created by the above rnent l0nei Trust Deed
and postponing the security for the Der
cent. First Mortgage Bonds 70 he security
for such Prior Lien Bonds and authorizing
and directing the Trustee 20 concur In ~,
execution of Trust Deed 20 sacur- such
Prior Lien Bonds In The form of the draf.
already prela red. which viti % Submitted
Gf any as may be authorized or approved
az The Meeting
4 Authorizing ana directing the .si1
Law DehentEre Corporation. Limited
hereinafter referred 20 as The Trustes'i
10 execute Supplemental Trrsr Deed nod
flying the ahose mentioned Trust Dec
securing the per cont First Mortgage
Ponds ana posiponing The mortgage Or
charge contained in such Trust Deed IN the
mortgage o. charge contained IN he Trgs,
Deed SET nring the Prior Lien Bonds and
acts and things as may ee necessary or
desirable for carrying the Composition into
effect.
) Providing for the indemnity ars pro-
tocticn Of the Trustee I'm giving efect 70
the Composition. and authorizing he Trus-
tee 20 consent 20 notifications u the dsg-
ments referred TO in paragraphs and
above.
6. Ra,ifyins and approving Tho ats O,
the Empire Trust Company as Truste.
under the Trust Decd securing the Konts
aud in the Rece!vership proceedings in
:. Generally providing for th@ moiinca-
tions. alterations and COMPROMISES q ths
rights OF the holders Of the Bonds and of
the Coupons attached thereto against ;hs
Company and against is proper.y which
ara fenpiatea by the Composition and
the said Supplemental Trust Deed as rs
same a.. respectively submitted 20 tn.
Meeting. and either with or without any
such notifications therein As are authorizes
or approved by the Meeting
s. Authorizing and directing that me R.-
ceIVership roceediugs in America he ter
minated. End the Receivers acts and ac-
counts be approved and that sgch Re-
c"ivsrs he charged and restraining any
Bondholders from commencing any suit o.
proceeding to foreclose the security creafei
by or % enforce the trusts IT The said
Trust Decd dated lst November 1871 or
otherwise In connection with he Bonds hsi
by him until after such date or fle hap
pening Of such events as the aeet-as may
Copies Of the Composition and ~ ,he draft,
subject 10 modification, cf tha ) ,uu' slnsnrsi
rlst Deed and Trust Decd a.I.-irg ths
rior Lien Bonds above mentioned mag us
bta med on application q -Ae o.f-e o.
'essrs- Binder Hamlyn 60 London
gents OF me Company, 50 B.sh0psga,e
The Composition contains elaborate proyi-
ons which cannot be explained ln de'al n
MS notice
The principal features o: the Cemposi,ion
/ The provision FOR rha Comram of 81
100000 $. gold coin hr 'he purchase r.,
Company at q discount of per ,ent. u
Prior Lien Bonds of The Comrans
:. The cancellation cf fA' interest a.
crued prior and unpaid al Tho is- janr-
per cen per a.nIfA ON .re oones ard
accruins on anl after tae Isl january.
1917. into CUM Ilative interest pas able olt
OF "availahle profits of the Company -
defined in IT, Composition and the conter-
sion o' such cumulative interest fy halves
mo fixed interest tha extension of -
date of maturity of fhe Tsur.is I'd the'3lst
December. 1853. and fncir ainoftl.4 .on ty
means OF a cumulative SINKING tIui com
nenclns in 1872. and psy etie olt q such
'aNa.lahi" profits as aforesaid
3 \ participation ~ eaca Boud 10 th.
"aNaila'le a:ofits' OF the Company lnul
such Bond natures Or Is redeer7ed
I. The issue % the Trrstee- for ths Con-
vertlole Deoontures of 'ue Brazil Railway
Company tNho hold As part Of f.e security
Cor secn Dehsrtures Ll.l50.9Q0 of the Bonds
aforesaid OF Fao1t Sharing certlfe ates or
other INSTRUMENTS emitting inen. as from
the date of redemption OF each of such IL
$50 400 of Bond. and until che whole Il ;he
Convertible DcbcntEres aforesaid are re-
deemed 10 receive the lar,ie patton in the
available profits aforesaid whieh the holder
OF such BONO would nave ben entitled 20
If II had not been redeemed
,. The conNe sion of certain unsecured
liabilities of tho Company nio psr cent
Cumulative Preference Shares OF the Com
pany.
.. The reduction Of thu number Of plrec-
tors OF the Company tothree and the ap-
poinfneut on behalf Of tlc holders Of no
Convertible Deheuigres aforesaid OF one Of
such Directors and the exercise log him or
otherwise a provided in tn" Composition
Oh behalf Of the Convertible Deheuture-
holders aforesaid OF 4 controlling vote on
certain matters at Meetings of Sharshoa-
ers Of the Company and OF Il control over
the more important acts of The Board OF
the Company
v CAMERON roRREs.
CHARLES l.. PERi>I,sS.
Receivers
BY order of the Board of Directors
'RAZlL LAND. CATTLE AND PACKING
COMPANY.
BY
s u. BROWN.