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rnoiograpnic

Sciences
Corporation

33 WEST MAIN STREET

WEBSTER, N.Y. 14580

(716) 872-4503

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CIHM/ICMH

Microfiche

Series.

CIHM/ICMH
Collection de
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Canadian Institute for Historical Microreproductions / institut Canadian de microreproductions histoiiques

Technical and Bibliographic Notas/Notas tachniquaa at bibliographiquas

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ir una
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32X

Ciuuuibiugiui anlj l^'uigarii JfaKs |ailrfliib |f|cnt«res.

WILLIAM H. TOWNSEND, Esa., of New York, President,
Hon. benjamin PIUNGLE, of Batavia, Vice- President.

Solicitors in iSnglantr,

Messrs. HUGHES, KEARSEY, and MASTERMAN.
17, Bucklersbury.

Ihhentures heanng interest at 6 jm- cent, per annum, payahle Half-ijearhj , at the Banl-ing -house of
Messrs. Masterman, Rtei-s & Co., and reimhnrslhle in ten years, tnth the option of conversion , at any
time, into jmid-tq} Shares; each £100 Debenture heing entitled to Five Shares o/^lOO each.

idanfeecs.

Messrs. MASTERMAN, PETEPS and Co.

The Capital of the Company is 52,r)00,00() (or £r)00,000) of which amount ^1,500,000 (or £300,000) is the
subscribed stock already taken in tlie United States. The balance of the Capital,— ^1,000,000 (or £2(»0,000), is
made up in debentures"; to secure which, the whole of tlie road, with its franchises and appvn'tenances, is mort-
gaged, and tlie mortgage placed in the hands of trustees, lor the protection and henclit of the debenture holders.

This road is the connecting link between tiie New York if Erie Railroad and the Great Western of Canada,
by which the vast business of the Western States must be carried to New York, and is under contract to bo finished
at the same time with the Great Western liaiiroad of Canada.

The railroads in western New York, (costing double the iimount per mile at which this road is contracted for,)
have divided for several years past 10 per cent, on their stock; and it is confidently estimated that the divide, ida
on the shares of this Company will be fully equal to that per eentage, — making the right to convert into stock a
very important privilege.

This road is also the shortest and most di?^ert route from Niagara Fulls to New York, by upwards of
sixty miles.

The debentures and interest will be payable half yearly at the banking house of Messrs. Masterman, Peters
and Co., in London, on the 15th of April and loth of October.

They will be in sums of £100, £200, £.500, and £1000 each, with half yearly coupons attached, will be
payable to bearer, and will be transferable without stamps.

About one-third of the £200,000 of the debentures have already been taken in this country.

Applications for the remaining £13.'),000 may bo made to Messrs. (Ijorge Ihirnand k (!o., 12, CornliiH, and
Messrs. Foster it Hraithwiiite, tJH, Old Broad Street. The money will b;.' held by J. Masterman, Esq., J._ Foster,
Esq., and G. Bnrnand, Esq., in trust for the subscribers until the bonds aiv ready for delivery to the parties sub-
scribing, Avhich will be about the end of April next.

The following Resolution, passed by the Board of Directors, places these securities on a peculiarly favourable
basis.

Coi^y of a Resohalon passed at a Mceliitfj of the Directors of the CaitaiKhu'jna ami Niagara Falls liaiiroad, on die Wh

January, 1852.

IIKSOLVKI),— That as soon as tlie Canandnifnia and Niagara Falls Railroad shall be completed, and in full operation, the
sum of Fifty Thousand Dollars ]icr annum sliall he ai)])"oi)rint(Hl from tlie carninss of the road, before paymg any divideiul
on its shares, for the purpose of jirovidiii;,- for the payment of so much of the ])rinclpal of the JJonds issued by them, and sucli
ns shall be annually invested by the Trustees named in the mortgage executed by this Company, in the purchase

appropriatins shall lie annually
of these, their first mortgage bonds,

(Signed) B. PRTNGLE,

Vice-Pr.sickiit and Secretary pro tern, of the
C. and N. Falls Railroad.

By reference to the above Uesolntion, it will be seen that the Directors of the Company will be authorized to
purchase ,Jf50,000 (or £10,000) of these delxmtures per annum, at the m!uk<'t price.

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