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THE ALEXANDRA PALACE & MUSWELL HILL ESTATE TONTINE ( to terminate on the 30 th June , 1886 ) . This being a " Trust" Subscribers incur no Liability . Certificates representing 850 , 000 Guineas , ( of which is . of each Guinea is to be appropriated to Insurance of Subscribers , ) will be issued at the following Rates : —A ( or Single Right ) Certificates £ 1 is . each . B ( or 10 Right ) Certificates £ 20 IOS . each , C ( or 23 Right ) Certificates £ 26 5 s . each , D ( or 50 Right ) Certificates £ 52

ios . each , E ( orioo Right ) Certificates . 6205 each , payable on application . Certificates , pass to and entitle the bearer : —r . To pai ticipation in the proceeds of sale of the property if the representative life upon which the Tontine privilege depends shall be living on the 30 th June , 1886 . 2 . To the receipt from a life assurance of the sum of 20 s . in respect of each Guinea paid upon any Certificate , if the representative life shall die before the said 30 th June ,

1886 . 3 . To admissions to the Palace and Park . 4 . To participation in Art Union Distributions proposed to be hereafter established . The acceptance of a Certificate involves no liability , the rights and privileges of Certificate holders are governed by the Trust Deed . The whole net Income of the undertaking , after defraying interest charges and management expenses , will be devoted to the improvement of the Property , and also ( when power is obtained ) to Art Union Distributions .

TRUSTEES . John Clutton , Esq ., Whitehall Place . John Hackblock , Esq ., Bolton Gardens . John Horatio Lloyd , Esq ., Inner Temple . EXECUTIVE COMMITTEE . Lord Frederick Kerr . 1 Joint Borradaile , Esq . Sir Wm . Wiseman , Bart . j John Alldin Moore , fcsq . John Parson , Esq , j Granville R . Ryder , Esq . James G » odsaa , Esq . | Charles Magnay , Esq ,

Robert Fowler , Esq , BAHKERS . The London and County Bank and Branches , The City Bank and Branches . AUDITORS . John Ball , Esq . | John Young , Esq . BROKERS . Messrs . Walker & Lumsden , 9 Old Broad Street , E . C .

, Messrs . Huggins & Rousell , 1 , Threadneedle Street , E . C . SOLICITORS . Messrs . Cope , Rose Sjjearson , 26 , Gt , George Street , Westminster . SECRETARY . Thomas Dixon , Esq . Office—5 , Great Winchester Buildings .

PROSPECTUS . An advantageous Contract has been concluded for the purchase , free from incumbrance , of the Alexandra Palace Park and Lands adjoining , situate at Muswell Hill , Hornsey , in the county of Middlesex , ( comprising about 470 acres of Freehold and 28 acres of Leasehold Land ) , and the contents of the Palace , for the sum of . £ 675 , 000 .

Of this amount , £ 450 , 000 may remain on security of the Property for 5 years , represented by Mortgage and Debentures . Power is taken to raise further capital not exceeding , £ 150 , 000 , if deemed desirabl , for the improvement or enlargement of the property and for the benefit of the Tontine . The object of the Tontine is lo complete the purchase

and improve the property , and thus to provide for all classes of the inhabitants of the Metropolis , and especially of its northern and eastern portions and suburbs , and for the many thousands of country excursionists , a Grand Institution of healthful recreation and elevati g instruction , which will combine the solid advanta es of the South Kensington Museum and Schools of Art , with the

lighter pleasure and pastimes of the Crystal Palace at Sydenham , thus giving effect to the large and enlightened views of the late Prince Consort . In furtherance of this design it is proposed to inaugurate a series of Exhibitions , Art Unions , and distributions , to the support of which , and as soon as the necessary power can be obtained for the purpose it is proposed that the

chief portion of the profits of the Park and Palace , after making proper provision for management , improvement , and other charges , should be applied . Under "The Muswell Hill Estate and Railway Act 1866 " the Palace and about 200 acres ( which then constituted the Grounds ) are to continue a place of public resort and recreation , subject lo the observance of such

rules and regulations as may be prescribed by the owners , and to the payment of such reasonable sums as may be fixed for admission to the Grounds and Palace or to any exhibit ' on or sights therein . It is now intended to enlarge the Park , and to lay out the whole of the lands as pleasure grounds , with the exception of about So acres of beautiful freehold land on the

border , which will be reserved for building purposes , so that there will be a Park surrounding the Palace , and ¦ within a ring fence , of about 400 acres in extent . Hut power is taken with the consent of the Trustees to sell or lease for building purposes any part of this land not subject to the provisions of the Act of 1866 , should such a course appear desirable in the interest of the Tonlineets or subscribers .

The Palace is a splendid , capacious , and substantial structure , requiring but a comparatively small outlay to keep it in repair , admirably adapted for Exhibitions , Museums , and Lectures , and for Musical Festivals and Concerts , as well as for festive and social gatherings of

the greatest magnitude . A grand organ , which is reputed lo be one of the largest and most perfect in the world , has been erected in the Palace by Mr . Willis , under the direction of Sir Michael Costa .

Archery , Cricket , and Croquet Lawns , Turfed Rides , a Race Course with Grand Stand , well levelled Carriage Drives , Groves and Gardens , will be found in the Park , which is nobly timbered , and commands extensive and magnificent views into several counties . This Institution , therefore , which can be opened to the public in a very short space of time , will combine the advantages afforded

by museum ^ , exhibitions , and schools of art , with scenery of the utmost beauty , and pure air , thus contributing alike to the instruction , amusement , and health of the visitor . There will be easy access to the Palace by railway communications in connection with the Great Northern and Metropolitan Lines , and a Bill is waiting the Royal Assent for authorising the construction of a short line to connect the Park with the Midlund aud Great Eastern

systems . The committee will have power to aid these enterprises , which are of great importance to the success of this undertaking . The Exhibitions and Art Union Distributions will constitute a distinctive feature of the general plan , and will comprise every characteristic of the Fine Arts . An Inaugural Exhibition will be held as soon as the requisite powers are obtained . It is intended to apply to Parliament for power to devote part or the whole of the surplus income to Art Union

Distributions , to be held every third year during the term of the Tontine , and to appropriate a number or chance in each Distribution to every Certificate in respect of every 21 s . paid thereon . It is estimated that the fund for distribution will amount triennially to ^ 100 , 000 , and the prizes will range from , £ 500 to £ 2 . The following Table indicates what any Certificate holder may derive from this source . Analysis of the Probable Art Union Prizes at each 0 / say Five

Triennial Exhibitions . 25 Prizes of . £ 500 each .. . . ,, £ 12 , 500 30 ,, 400 „ . .. .. 12 , 000 40 ,, 300 ,, .. . . .. 22 , 000 50 „ 200 „ .. . . .. 10 , 000 SO „ 100 „ .. .. .. s . ooo 50 „ 80 ,, .. .. .. 4 , 50 ,, 60 „ .. .. .. ' 3 , 000 50 „ 50 „ .. .. .. 2 , 500 50 ,, 40 ,, ,. ,. 2 , 000 50 ,. 30 „ . . .. .. 1 . 500

zoo ,, 25 „ .. .. .. 2 , 500 100 ,, 20 „ ,, ., ., 2 , 000 100 „ 25 ,. .. .. .. 2 , 500 200 t , 20 „ .. ., .. 1 , 000 200 ,, 9 „ .. ., .. 900

200 ,. 8 „ .. ., ., boo 200 ,, 7 „ .. •• 700 300 ,, 6 „ .. ,. ,. 2 , 200 400 „ 5 „ .. .. 2 , 000 800 ,, 4 „ .. .. 3 . 3 , oco „ 3 » •• .. .. 9 . oo > 5 . 3 SO ,, 2 ,, .. .. .. 20 , 700

10 , 8 95 £ lO 0 , OO 0 The value represented by the Prize Tickets is to be applied wholly in the selection of articles contained in the Alexandra Art Union Exhibitions , and it will be seen that it is possible for the holder of a single right Certificate to receive Five Prizes of £ 500 each for his investment of 2 is .

The Certificates will be issued under the powers of the Trust-Deed , which will define and regulate the rights and privileges of the Certificate Holders , and a covenant will be contained therein on their part to observe the provisions of the Deed . The whole of the net income of the Tontine during its existence will be applied as above explait . ed , to the improvement of the property and to Art Union

Distributions . An established Insurance Company has agreed , in consideration of the payment to them of a premium of one shilling for every A ( orsingleright ) Certificate , and so on in proportion for any plural rights cerlificate ( i . e ., one shilling for each right ) , to pay to the holder £ 1 for each guinea paid on such Certificate , upon the death of the

representative life in respect of which the Tontine privileges depend , if such death happens before the 30 th J line , 18 S 6 , provided such Certificate shall not have been previously surrendered , or the bearer of such Certificate for the time being shall not have drawn a prize in an Art Union Distribution in respect of the right representing such guinea . Such premium will be paid out of the

routine runds . Ihe agreement is subject to 20 , 000 representative lives being nominated . For the purposes of the Insurance and Tontine , every applicant for a Certificate must when requested nominate some life ( which may be his own ) between the ages of ten and thirty years ; such lives should not be those of prominent individuals , but , if possible , of members of tlie

applicant s family , or friends . Applicants may nominate a life for each right the certificate they apply for represents . If the applicant chooses to waive the insurance he may nominate any life . To meet the case of any selected life having been previously nominated and assured to the amount of , £ 500 , an applicant may be required to furnish some other life or lives in substitution for that first nominated .

Upon the 30 th June , 1 S 86 , the Tontine will absolutely cease ; and as soon as may be after that date the whole of the property will be realised , and the net proceeds will be distributed amongst the Tontineers or Cerlificate holders .

The holder of an A , or single right Certificate , in addition to his other privileges , will be entitled to free admission to the Park ( and also lo the Palace , if open ) upon every Sunday during the existence of the Tontine . Tlie holder of a Ii , or 10 right Certificate , will , in addition , be entitled to free admission on two days ( not being fete days ) , to be fixed by the Committee in each week .

The holder of a C , or 25 right Certificate , will be entitled to similar privileges for himself and another , on foot or on horseback . The holder of a D , or 50 right Certificate , will be entitled to free admission on four days in each week ( not being fete days ) , to be fixed by the Committee , for himself and two others , either on foot , horsebackor with a

, single-horse carriage . The holder of an E , or 100 right Certificate , will be entitled to free admission for himself and four other persons , at all times , cither on foot , horseback , or with any carriage . The Tontine rights and privileges attaching to certain Certificates may , at the option of the holder , be surrcn :

dcred for the right of admission on other d » ys , according to a plan or scale to be published by the Executive Committee . The surrender will involve the loss of every right and privilege offered in this Prospectus to tlie holders of Certificates , except so far as the same arc reserved as part of the consideration for the surrender .

The holder of a Certificate which shall not have been surrendered , will be entitled to participate in the proceeds of the property at the end of the Tontine , in respect of every right depending on a representative life which shall be living on the 30 th June , 1886 . Thus every subscriberof 2 Lr . and upwards to theTontine , or holder for the time being of his Certificate ( the same not

having been previouslysurrendered ) will , in addition to the privileges of entry to the Park and Palace , as above enumerated , obtain the repayment , in case of the death ol the representative life or lives of 20 s . in respect of every 21 s . paid by such subscriber , or will have previously drawn a prize of at least £ 2 in the Art Union Distribution in respect of such 21 s . subscription , and will , when the

Tontine ceases , have , in respect of each of his rights of which the representative life shall be then in existence , the right to a share in the proceeds of the Tontine property . Looking at the rapidly increasing value of Building Land near London there can be no doubt that at the expiration of theTontine , in 15 years , the property to be then distri buted amoncst the holders of Certificates entitled to parti

cipate will be of enormous value . For the convenience of management of the Tontine and property , and with that object only , a Company ( limited by guarantee ) has been incorporated by the title of '' The Alexandra Palace and Muswell Hill Estate Management Company Limited . " The Executive Committee of the Tontine are the Directors of that Company . The

certificate holders will not be members or contributones of such Company . All the landed property to be acquired for the purposes of the Tontine , will be vested in the Trustees upon trust , to permit the Management Company to manage the same , and with the consent of the Trustees , so far as required by the Trust Deed , to grant leases and deal therewith for

the benefit of the general undertaking , and raise further capital , not exceeding ^ 150 , 000 , if required , for the undertaking by mortgage or debentures ( in addition to the working Capital provided by the Tontine ) , and upon the termination of the Tontine ( the 30 th of June , 1886 ) , or so soon after as may be convenient , to sell the Tontine property and distribute the proceeds . By the terms of the Trust Deed all questions ( if any )

which may arise relating to the 1 online , during its existence or on its termination , stand referred to such counsel as the Attorney-General for the time being may appoint . The Purchase Contract , the Trust Deed , the Insurance Contract , and the Memorandum and Articles of Association of the Management Company may be perused at the offices of the Solicitors . If no issue is made the subscriptions will be returned

in full . The following documents have been eSecuted : — ( 1 ) An Agreement , dated 13 th July , 1 S 71 , between the Muswell Hill Estate Company Limited and the Alexandra Palace Company Limited of the one part , and the Alexandra Palace and Muswell Hill Estate Management Company Limited

of the other part . ( 2 ) A Deed of Trust , dated 13 th July , 1 S 71 , between the Alexandra Palace and Muswell Hill Estate Management Company Limited of the one part , and Henry Markby of the other part . ( 3 ) A Deed of Covenant , dated 13 th July , 1 S 71 , between the London and Lancashire Life

Assuranee Company oflheonepart , and the Alexandra Palace and Muswell Hill Estate Management Company Limited of the other part . Prospectuses ( with an outline sketch of the Palace ) and forms of application for Certificates may be obtained of the Secretary , at the offices of the Tontine , and of the Brokers .

Other Agencies for the receipt of Applications will be shortly advertised . Applications for Certificates must be left with the Bankers at the time of payment of the deposit , and no application will be noticed unless the sum of 2 ij ., in , respect of each single right , or the amounts specified for plural rights applied for , as above stated , shall have been paid .

THE ALEXANDRA PALACE AND MUSWELL HILL TONTINE . Form of Application for A or Single Right Certificate . ( To be left with the Bankers or authorised Agents . ) To the Executive Committe . Gentlemen , —Having paid the sum of 21 s . to the Bankers or authorised Agents , I request to have issued to

me a Single Right Certificate in the Alexandra Palace and Muswell Hill Estate Tontine , and I hereby agree to accept the same upon the terms of the Prospectus and of the Trust Deed of the 13 th July , 1871 . Upon hearing that you are prepared to iss _ ue the Certificate I agree to nominate a representative life of the age

stated in the Prospectus , upon which I desire the Tontine privileges in respect of such Certificate to depend . Name in full of Applicant Address Profession or Business Date

THE ALEXANDRA PALACE AND MUSWELL HILL ESTATE TONTINE . Bankers' Receipt . 1871 . Received from

the sum of 21 s . on account of the Executive Committee of the Alexandra Palace and Muswell Hill Estate Tontine . 21 s . NOTE . —This Receipt must be delivered to the Secre < tary of the Tontine in exchange for the Certificate . Due notice will be given of the Certificates being ready for issue .