The Express.
London, England, 1864-04-12 00:00:00

TIM LNTIILNAIIONAL ITNANCIAL nOCIZTT (wimp,
AND THE ANOLO4OIITRIAN RANI, AIM PZIPAIIOO
TO ABCS:IVY BUBSICILIPTIOND Mt THE CAPITAL OP THE
][4EbiBERG-CZERNOWITZ RAILWAY
CONIPAHT (Untied).
Capital, L 1,260,000, In OLSOO Shame( ZIP each.
Under a guarantee from the Austrian Government. prodnefag •
net minim= Dividend of 7 par amt. per annum, payable In
awr.
Provision Is made for payment by the Contractor !Dr. Braseey)
of Interest at 0 percent. per annum during emstruction.
Deposit SI on application, and s'.2 on allotment a further mat
of d 2 on the Ist of May, after which date no farther call will be
made for six months.
Committee- of Directon pending the Cementation, under the
provisions of the Coneemion of the Company as •

(flomerset—k-le;ain-oni,- 5a.,11 Directors or
Y. I.
gniana-. Frederick t, EN— • trim, Edwk-
1. P. Brown- estbeed. Ewa, Deputy Char-
Irma of the Leaders sat North Western Railway.
.A. Priam Lao gegteha. Reddest of the Carl-
Ludwig Railway.
Count liatowski, Director of the Carl-
in Ausfaia Lady* Railway.
, Charles Mem. Esq., Reddest el the Chamber of
Corenteree, Vienna.
BL.ICIM la LOIRION—Mairs. Glyn, Mllls, ant 00.. 67, Lombard-
sliest, LC.
Balißgie ni Vilma—Me Anglo-Austrian Bank.
SOLICITORS—Mean. Bircham, Dalrymple, Drake, and Wert

stoma.Mmes. ammo,. and Co., SeruT=.orton street
MOOR ONIBIIOI.O sad Oen, .4.
CilMoss—M,ofd Itrawletret. e
The great =mg from Vienna, la the directios of CM
Mythic of Meldwria, Is at present essaplete as tar se Lemberg.
The4commasticalion Is Wetted by mesas of We Ma-4M We
being the Northern Railway, from Vienna to Cracow: the
second, the Carl Ludwig Railway, trots Cracow to Lemberg
The Int of these lines pays 'bout 14 per cent. upon Its capita
The second was completed wily'. the sod of 1861, but since Its
opening has paid 8 per cent oboe Its capital, and consequently
has never repaired to claim the guarantee of Spey cent. accorded
to It by the Austrian government.
lite present line Ls the continuation from Lemberg to Ciento.
with, near the Moldavian frontier. The concoction boo been
panted by the Austrian government on terms unusually timet-
able to the Ocespany undertaldng IL
The proposed railway, entering Into the heart of the grain and
nettle producing district, whence the Carl Ludwig line obtains Its
most Important traMe, and being cons. ucted at a very con. Mr.
ably less cost, prorates. to be more profitable than its neighbour.
The continnanoe of the line through Moldavia to Oasts, on
the Danube for which a concession has recently been panted by
the Chambers of the Principalities, mast necessarily add largely
to the profits of the LemberipCzernowitz Railway, which lAN
thus form an integral part in an unbroken and direct rcilway
onmeontuestiog between the Baltic, the German Ocean, and the
Black Bea. . . . . .

The concession, the duration of which Is ninety years. 'Alpn.
lab for the commencement of the works previous to the 11th
January, len& and for their completion within three years: but
provision is made for extension of these periods in case of prat-
ideal or Sunda! crisis. . _

The government guarantee a axed rum of L 150,000 in silver
money as a net anneal revenue of the line.
The sum thus guaranteed by the government, after providing
for t.e payment of Interest at 6 per cent. on the hoods, and for
an anneal sinking fund, will leave • clear 7 per cent. applicable
to the share capital. The sinking fund will be annually applied,
by lot, to the redemption of the bonds and shares at par. The
proprietors of the shares thus from time to time redeemed will
for each share receive a metificate entitling the hearer to •
participation, daring the remaining term of the concession, in
s:l4ejeollents of the Company monodies 6 per erne. on the
ceptl
A contract. which will be adopted by the Company, hie been
entered Into by the conomMma with lir. Bramey for • sum
of £2,410,11e1.
This contract peedes foe the •onetruction of the railway la
accordance with the tense of the concession, and for stocking
the same with roUbsgsteek. It includes all the preliminary ex-
penses of =pairing concession end forming the Company
it makes previa= for interest during construction on paid-up
capital at the rate of six per cent. per annum : and it covers an
simple mum foe the expense:sof management until the railway
shell be opened for public mallet
The concession confers the requisite power to form a flocitt6
Anonyms with alarm to bearer, whereby the liability of the
subscribers will be limited to the amount al 16 per cent. of the
nominal amount of their shame- . .

The cepital7i the Societe Analyzes w'll be it,450.000 : to be
Issued, £1,100,000 to bonds, and A 1,950,000 to shares of AIM each.
The bonds ham shady been taken.
Preparatory to the formation of the SociftE Anonyms (which
cannot be dktrely constituted according to Austrian law until
2b per cent. of the tharecapttal has been paid up', the Lemberg-
Caen:m..lU Railway Company has been formed as a limited
liability companlike the shares la which will be exchanged for
shares el ay,denomination In the Societe Anon)ms.
A copy of the snicks of easociatPa, of the coocemion, and of
the statutes under which It is proposed to constitute the &ailid
Antoyme, can be Inspected as the Mikes of the Soil:1ton, 411,

Appliertionsbr shares and be made In the annexed form,
addressed to the Directors of the International Financial Society
(Lbeicedl, mid Ur Angio-Anatrien Beak, but oo application
will be cossidered, osier accompaaled by Ur receipt of Messrs.
Glyn, 1111 b, and Co., or of the Anglo-Austrian Bank, Vienna, for
LI per share on the number of shares applied for. This sem
will be retuned la Moment of Me applicatien net being mewled
to, and, if an allotment is made. It will be applied towards the
payment of Al par share than dam

2Z&NOWITZ RAILWAY COWART (Uslisd).
/ORR Or APPUCATIOR FOR MARRS.
To te left with the Ranker'

---
To the Direetcas olib7l7.7;riii6; ua Ft.cita Bods
and of the Anglo.Austrlas Beek.
Gentlemen.—Baling paid to Ileum Olyn. Wins, sad Co. the
sum of being g 1 per share on shares. of Ate elide.
which I resmZet may be allotted to me in the Legation-Czar:mo-
nies gailway Company ;Molted; ; and I hereby agree to accept
such shares, or any lam number. sad to become a member of
the Company, and to bare my name placed on the register of
member. In respect of the shares allotted to me —I am. gentle-
men. your obedient Barran;
Name In ten
Address I tall
Date