02 The Humming Bird. 



SECOND PROJECT 



Subscription exclusively reserved to the Panama Bond and 

 Shareholders. 



Project of subscription for the formation of an 

 anonymous Compaoy, hereafter known as the 

 Panama Company, for the developping and 

 cultivating of the property of 500,000 hec- 

 tares of freehold lands granted by the Colum- 

 bian Government to the Panama Company. 



CAPITAL : Four millions pounds sterling divi- 

 ded in Four millions of Shares ofêl payable as follows : 



4 shillings on application, 4 shillings on allotment, and 

 the remainder by calls of 4 shillings, at intervals of not less 

 than two mouths. 



Each Panama Share or Bond has the right of subscription 

 to one share of the Panama Company. 



All Panama Bond or Shareholders not having subscribed, 

 at the time of the Emission or at the latest two months after 

 the formation of the Company, will lose their rights, and 

 the Shares not alloted, will be offered preferently to the 

 first Subscribers. 



Thus with êl, every holder of one Panama Share or Bond 

 will have the privilege of doing a good investment, and will 

 contribute to the termination of the Canal, which will 

 remain the absolute properly of the Panama Share and Bond- 

 holders, who are certain to recuperate all their losses within 

 a specified time. 



PROJECTED LIST of the Committe of Direction 



M ssrs Boucard, 

 Rylski, 



Wyse Bonaparte, 

 Reclus, 



SOSA, 



Thiébaud, 



Ménier, etc. 

 Bankers ... X. 

 Offices Paris. 



ABRIDGED PROSPECTUS 



This Company is formed with the object of developping 

 the properly of 500,000 hectares belonging to the Panama 

 Canal Company 250,000 of which are in their hands. 



The Panama Estate is of great agricultural value. 



Its lands are most prolific for the raising of Cocoa, Co/fee, 



