The Express.
London, England, 1864-04-19 00:00:00

PROSPECTtS.

This Company bee be=formatik;t CM purpose of tarrying on
the =torero( Gas Works now in full operauon, with G/01 \MI
privileges, in the followlog cities and towus of Iran= and Italy,
au.. Strasburg, Cora Niue= Vletme, Ramat, heauceire, hoed.
Albi, Wden, Gent,Parvaa Modena nod Aleranstrik sod wht Is
now belong to the =err Caton des Gas." The company will
also bayc the power of eztending the exhiting works, end of
adopUne such ether concerto= as may be =whirred antiktently
remunerative, either atone or lo oatuatiou with the Madre
.• Union des Gas."

iliSiConemsiT:itts thus brought under one management were
obtained al digerent periods by the begat! Union des (ha"
and nearly a million sterling be. beau impended in securing the
ccumessious and In the construction and Immurement of the
several works, plant. amine. /creme pipes, Qs.
During the lest three sears the management has been In the
bands di a private company called the Pucittd d•Raptoltatlon
cY liaises! 0.5," under • 23 years working lease, and the result
has been as follows:

tiros revenue fur year ending MO June. 1861 .... C142.110u
30th June. 1868 .... 157,1100
lath Jaw, le6s ... 112040
The Improvement thus indicated Is steadily progressing.
Ile capabihtim of the work. and the profitable character of
the hesitates having thus been fully eetablished by the experience
of a Company with limited resources. It is now proposed to raise
SUM, ices capital for the repayment of all outstanding loans,
amounting to s:141.300, Wad for the further development of the
property, to meet the CJaitaaLl. increasing demand for pa la
the above-aseationed _ class and towns.

The Lontitiental Cola Gar Company (Limited: have, there-
fore, entered into agreements for the purchase of an Oro Aglow,
privileges, and property of thee„ &Mat d Expioitatiou " fee
2,300 pap shares of this Company by a
:payment of
£30,000 cash, this Company will become entitled ola
shares of the Union des Om," to all profits from the allth June
last, the benefit of all outlay for improvements and extenaima
daring the last three years, and will obtain the sorrend r of the
and secure the eooperstion of WI partite mu:creed.
The **Sornetil d'Ufplottatdon " thee becomes extinct.
During the period of the contract the whole profits of the
works will belong to this Company, after providing for the pay-
ment of a rental to the ()Won dm Um," commencing at
£7.2u0 per alumni, sad rising la nine years to • 111a110111111 of
LN,Wu; and also for the redemption of •• °hitt:attune " amount-
ing with interest to 127.450 per annum, by aanual drawings
spread over TO roan. ell charges of this description have
hitherto been paid onto: proem, leaving a large canto&
At th eat-Oration of the 23 years' contract, under the terms of
their agreement, the Coatlnental Wigan Um Company ,Limited)
will heconie Joint owners to the extent of umbel( of the entire
propel ty represented by the several concessions and gem works
of the Union des Oak•wIll Ukeleles be repaid the amount of all
outlay for improvements, extensions. and new works, said will
be entitled thenceforth to not less than one moiety of the profits,
free from all liabilities and preferential changes.
A complete Inspection of the several works has been mode Ms
the partial this Company by a thoroughly practical gas engineer,
•ho has reported most favourably of the prospects of the
undertaking.
It ts well known to ponies convergent with gas works that
the consumption of pm Is continually increasing, and where, ea
In this MM. exclualre privileges have been oniampd, the pimpu
increase in a mill greater ratio. The inagnitaale and importance
of the cities and towns embraced In the concemions, coupled
with the experience of the pas, working, are such as to secure
to shareholders Immediate and steadily increasing dividends.
A large number of the shares are already sabserited. Pro-
structures and forme of application may be ebtaused of !desert
hill, Fawcett. and MIL the brokers of the Company or at the
temporary offices of the Company. 'the amount of LI upon each
share applied for moat he paid to the Company', Bankers pre
'bandy to the application being sent fn; this sum will be
returned U no allotment Is made to the applicant.
Temp wary Ofeces, 211. Threadneedleistreet,
April la. 1.41.