Subscription for £87,000 Six per Cent. Preferred Stock of

THE BRISTOL PORT

AND

It has been hitherto impossible to turn these natural advantages to full account in consequence of the difficulty of reaching the old Docks, which can only be approached through the tortuous and dangerous channel of the River Avon, from whose mouth they are about six miles distant.

Incorporated by Special Act of Parliament, 27 and 28 Vic. Cap. ccxli.

Price of Issue par, or £100 per £100 Preferred Stock. Interest at £6 per Cent. per Annum upon each £100 Preferred Stock is guaranteed to Subscribers up to the 1st January, 1876 (being Twelve Months after the date appointed for the completion and opening of the Docks).

The due and punctual payment of such Interest is absolutely secured for the whole of the above-mentioned period by an investment of £11,000 in Consols for that purpose, now standing in the names of Sir DANIEL GOOCH, Bart. M.P., Chairman of the Great Western Railway Company;

EDWARD SHIPLEY ELLIS, Esq., Chairman of the Midland Railway Company;

who have consented to act as Trustees for the same.

DIRECTORS.

PHILIP W. S. MILES, Esq., Bristol, Chairman.
Charles Nash, Esq. (Messrs. Jones & Nash), Bristol, Vice-
Chairman.

William Montagu Baillie, Esq. (Messrs. Cave, Baillie & Co.),
Bristol.

Hew Dalrymple, Esq., Clifton.

Henry Hurry Goodeve, Esq., Bristol.

William Smith, Esq. (Messrs. William Smith & Co.), Bristol. Francis Tagart, Esq. (Messrs. Tagart, Boyson & Slee), London. Thomas Terrett Taylor, Esq., Bristol.

Christopher James Thomas, Esq. (Messrs. C. Thomas & Brothers), Bristol.

Mark Whitwill, Esq (Messrs. Mark Whitwill & Son), Bristol. William Henry Wills, Esq. (Messrs. W. D. and H. O. Wills & Son), Bristol and London.

Interest at the rate of 67 per Cent. will accrue on each Instalment from the date of payment, but the privilege is reserved to Subscribers to pay up on Allotment the whole amount payable for the Stock, thus entitling them to Interest at 61. per Cent. on the full 100%. Stock.

The Bristol Port and Channel Dock Company has been incorporated by Special Act of Parliament, for the purpose of providing for the Port of Bristol additional Docks, suitable for ocean-going steamers and other ships of large tonnage.

The Docks, whose property extends to about 90 acres Freehold, are situated at the mouth of the River Avon, with direct access from the Severn and the Bristol Channel, and will be easily and safely approached at all seasons, in all weathers, and at almost any state of the tide, by steamers and ships of the largest class, for whose accommodation they are specially adapted.

Bristol, as is well known, was the birthplace of Transatlantic Steam Navigation, its geographical position offering advantages for an ocean steam trade unequalled by those of any other port, on account of the facility of reaching it in a direct line from the Atlantic, free from the dangers of the English and St. George's Channels.

ation more easy of access, and so as to allow the natural capabilities of the Port to be duly utilized. Notwithstanding the great disadvantages under which the trade of Bristol suffers from the want of accommodation for large ships and steamers, the seagoing tonnage has rapidly increased, as follows:In 1852 the Foreign Import Tonnage

was

In 1862 the Foreign Import Tonnage

In 1872 the Foreign Import Tonnage

was

132,272 Tons.

Whilst for the year 1873, just terminated, the total was 411,014 being an increase of nearly 40,000 tons over the previous year.

The progress of the Grain Trade at Bristol has, during the same period, been still more striking, having advanced from 16,038 tons in 1852 to 134,608 tons in 1872, or an increase of nearly nine times.

The tonnage of coasting and other vessels from Ireland, &c., amounted, for the year 1873, to about 595,000 tons.

Coal being probably the most important item in the Steam shipping trade, the Bristol Port and Channel Docks, from their close proximity to the Welsh Coal Ports, will effect for Steamers an average saving in Freight, Insurance, Breakage, &o., of about Six Shillings and Sixpence on every ton of Welsh Steam Coal, in comparison with the principal Steam Ports of the Country. On a line of Steamers making a weekly departure throughout the year, requiring on an average, say 2,000 tons of Coal per week, the saving would amount to over 30,000l. per annum.

A reference to the Railway Map will show the varied and speedy communication now existing between Bristol and the Metropolis, and Bristol and the great Manufacturing Towns of England.

income is therefore more than twice the amount required for such Dividends.

By the terms of the Contract for the construction of the Docks, they are to be completed by the end of the present year. Upwards of 200,0007. have already been expended upon them, and active progress is now being made for providing for their being finished within that period.

With a view of ensuring to the Subscribers of the Stock now offered the due and punctual payment of Interest from the time of Subscription, 11,000l. Consols have been placed in the names of Sir Daniel Gooch, Bart., M.P., Chairman of the Great Western Railway Company, and

Edward Shipley Ellis, Esq., Chairman of the Midland Railway Company,

who have consented to act as Trustees for the due payment thereof, until 1st January, 1876, being one year after the time fixed for completion of the Docks, a period which will allow ample time for development of the business of the undertaking.

This interest will be paid half-yearly at the Bankinghouse of Messrs. Barnett, Hoares & Co., Lombardstreet, on 1st January and 1st July in each year, and the first payment will be made on 1st July next.

Provisional Certificates will be issued in exchange for the Bankers' Receipts, and on completion of the payments the Preferred Stock will be transferred into the name of each applicant, free of Stamp Duty or other charges, and the stock Certificate of the Company will be forwarded in due course.

In the event of no allotment being made to any applicant, the deposit paid will be returned forthwith without deductions; should a smaller amount be allotted than applied for, the balance paid on application will be applied towards payment of the amount payable on allotment.

Application for Shares on the annexed form, accompanied by a deposit of 10. for every 1001. Stock applied for, may be sent to Messrs. Barnett, Hoares, Hanburys & Lloyd, 60, Lombard-street, E. C., London; or to Sir Wm. Miles, Bart. & Co., Bristol, the Bankers to the Company; to the Secretary, H. E. Penny, Esq., at the Company's Offices, Royal Insurance-buildings, Bristol; or to Messrs. Huggins & Co., Brokers, 1, Threadneedle-street, E.C., London, from whom Prospectuses and Forms of Application can be obtained.

5th January, 1874.

ISSUE of 87,000l. SIX PER CENT. PREFERRED STOCK of the BRISTOL PORT and CHANNEL DOCK COMPANY.

By this arrangement the rails will be brought directly on to the Dock quays, and passengers and goods from London, the Midland District, and all parts of the Kingdom will thereby be enabled to be laden and discharged directly to and from the ships into the Railway carriages and waggons. The Docks will then be only about three hours' distance from Birmingham, and only little more than three hours from London, a consideration obviously of paramount importance.

To the Midland Districts, especially, the importance of the undertaking cannot be over-estimated for economy and convenience in the export and import of goods.

The central position of Bristol offers to the PostOffice one of the best points for the collection and distribution of that portion of the Foreign Correspondence of the Country which is conveyed by Oceangoing Steamers.

In view of the early completion of these Docks, arrangements are already in progress, having for object the making of Bristol the port of arrival and departure for lines of Ocean Steamers trading with Australia, America, and Canada.

A careful and practical estimate of the revenue to be realized by the proposed Docks, shows a net revenue, after deducting all charges and the expenses of working, and also making provision for repairs and maintenance, of 32,2301. per annum, which estimate may be taken as not only reliable, but moderate.

The Capital of the Company is 295,0007., with the usual borrowing powers. Of this amount, 147,5007. has been authorized to be issued as Six per Cent. Preferred Stock, of which the 87,000l. Preferred Stock now to be disposed of forms part.

The amount required to pay the Dividends of 67. per Cent. per Annum on the whole of the Preferred Capital of the Company (including the Debenture Interest, viz., 4,9157.) is only 13,7657.; the estimated net

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Black Registered Stoves
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WILLIAM S. BURTON, Furnishing Ironmonger, by appointment, to H.R.H. the Prince of Wales, sends a Catalogue, post free, containing upwards of 850 Illustrations of his Stock at 39, Oxfordstreet; 1, 1, 2, 3 and 4, Newman-street; 4, 5 and 6, Perry's-place; and 1, Newman-yard, W. The cost of delivering Goods to the most distant parts of the United Kingdom by railway is trifling. WILLIAM S. BURTON will always undertake delivery at a small fixed rate.

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CONTENTS OF NUMBER II.

TRAVELS in PORTUGAL (continued). By John Latouche. The AUTHOR of 'EVELINA.'

SPLENDIDE MENDAX: a Novel. By John Dangerfield. RARE POTTERY and PORCELAIN. By Ludwig Ritter.

SULLY: SOLDIER and STATESMAN.
WINTER in MADEIRA.
ON THE STAGE: a Story.
SPIRITUALISM: a Note.

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a Novel.

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"To burn away, in mad waste, the divine aromas and plain celestial elements from our existence; to change our holy-ofholies into a place of riot; to make the soul itself hard, impious, ba en! Surely a day is coming when it will be known again what virtue is in purity and continence of life. How divine is the blush of young human cheeks; how high, beneficent, sternly inexorable, if forgotten, is the duty laid, not on women only, but on every creature, in regard to these particulars! Well! if such a day never come again, then I perceive much else will never come; magnanimity and depth of insight will never come; heroic purity of heart and eye; noble pious valour, to amen us and the age of bronze and lacker how can they ever come? The scandalous bronze-lacker age of hungry animalisms, sp tual impotencies, and mendacities, will have to run its course till the pit swallow it."-Carlyle, 'History of Frederick II.,' vol. ii. pp. 29, 30.

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