The Express.
London, England, 1863-06-03 00:00:00

litascross 1v 'IttiSIA:.

His Facellency de 1111;,iTce:liorerno7 of the Province of
Livonia.
James armitsteal, Ea( (Messrs. Mitchell and Co., Riga:.
James Henry Hill, nal. (Menus. Hill Brothers, Riga.
BANK EIiS—SILMU.S. timith, Payne, and smiths
Soucrroia—Messrs. Yreehlields and Newman.
CONSC LTINO Esonaza —John flawkshaw, Esq.
Rgarriorr CNouomit—Morgan Williams, Rao.
Aroma, —Messrs. Coleman, T, and Co.
Swag/ant ;pro tem.; —Mr. W.H.. H Trampler.
Otßees-21, Throgmortonntreet, B.C.
TOL railway, of the length of 161 Reek& stews, will corset
Dthatburg, the terminus of the Rita and lalnatrorg Railway, with
Witepek. The line puma through one of the most productive
diArlcts of Russia, furnishing a lame proportion of the exports
fnm Riga and, In facilitating the transport of produce ef the
rich and wheekgrowing provinoes of Smolensk, Mohnen, Kursk,
and Orel, will prove of the greatest importance both to England
and Russia.

Coulequence of the absolute Impossibility of forwarding
goods At certain seasons of the year, and the very heavy charges
at all tones • great part of the province of these latter provinoes
has hitherto been almost lost to exportation, or available only In
seasons when the markets of Western Europe were approaching fa-
i‘rialmelineestuThe tranuport put i
the nftheocor,loensial and
ected lioirhian prioerto odauee re.
great
extent at heavy charges from St. Petersburg, will be carried no
by means of this railway from Riga to Witepsk direct, and be
thence distributed. There will also be a considerable passenger
traffic. as the above-named provinces are amongst the most
populous of the empire. This railway will he the only conve-
nient and expeditions route for the inhabitants both to St.
Petersburg and Western Europe.
The Russian Government, attributing special importance to
the early construction of this line, has granted a concession of
the most favourable charac.er, embracing privileges never before
obtained. .

- -
Among the distinguishing features of the concession ►re the
following •

I. Tbe-Conspany Is to be constituted according to English law
with the Board of Direction in London, and au agency of three
directors In Biqa.
2. The government guarantees the interest iu sterling money,
not, as In previous noes, In roubles.

3. The government stiaramees nn additional cum payable
half-yearly, on the capital of £1,000,04.0, suMcient to redeem the
Whole capital at par In 85 years.
4. Both the Interest and the sinking fond are payable half-
yearly at axed dates.
5. The net receipte of the line are applicable In relief of the
government guarantee but the Company is authorised, In
priority, to set apart 10 per cent. of such net receipts, to the
extent of 1:100,40u, to form a reserve fund against contin-
gencies.

& The Shareholders are entitled to all net profits of the line.
up to 6 per cent., on the nominal capital of £0,060.000. They
are further entitled to one-half of all further pronto over and
above the 6 per cent., until the government is reimbursed the
moneys which It may have paid in respect of the guaranteed
inte, est beyond the net earnings of the line ; lifter which reim-
bursement the shareholders are entitled to the whole of the
net profits, whatever they may be
A contract for the execution of the line of railway, by the 30th
November 1•67, with all neceseary stations, buildings, and
works, and for the supply of rolling stock, according to the
specifications and requirements of the government, has been
entered into by the conceadonalres with Messrs. Pete and Bette,
under the superintendence and with the approval of lir. Hawk-
thaw, the eminent civil engineer, for a sum of £1,766,915. Au
arrangement has also been concluded by wirkth that contract,
together with the concession, Is to be made over to the Company
for the sum of "8,000, which sum coven all preliminary ex-
penses Incurred In Russia and In England, In connexion both
with the concession and thtcautionfauney of £130,000.

By these arrangements, the cost of the undertaking. as shown
by the subjoined statement, has been brought within a sum of
ggiskalk
The contract with If warn Peto and Betts fee the

entire construi floe, including roiling Mock,
amount. to
The engineering and thspectioo of the Una during the
whole period of construction, including the meta
of the preliminary surveys, &c, has been contracted
for at • sum of MUM
Interest during construction, which will be paid at
the rate of 0 per cent , is calculated at about 190,000
Competent persons at Riga have offered to contract
for the purchase of the land necessary for the rail-
way (the crown lands being assigned gratuitoualy;at 34,000
The Roe Is to be completed and ready for frame
within four and a half years from thin time. The
colt of offices, expenses in London, Riga, and DMus-
burg, together with the remuneration of the di-
rectors in London and Rigs, 11 estunated, fur tue
abo e
.perioil, at
Price Ypald for tho concession, ooalrects, sad prelimi-
nary m peewee, as above
Brokerage and incidental espenses, sky O,OOO

._C 2 , I 43 , 6 lI !

lean the above statement It will b• seen that the—anileil
guarantee of /130.000, accorded by the /Magian Government,
will yield, on the above outlay of L 1,143,016, • net revenue at
the rate of a per cent., Independently of the amertGation fund
and of the profits of the linewhich are estimated at a large sum,
and that the amount required will not exceed Reff per share.
It Is contemplated to take power in the Articles of Association
to lamas debentures in reitef of the capital, at such a rate as will
afford a further benefit to the ah•relsolders.
. .

Inarrangemealti; asoieen made I;la the contractors, by
which it is anticipated that a make of the Hue wlll be opened
by the 30th Notembtr, 1006. from which SOurL, a saving of
140,000 may be anticipated to the Company on the item of
"letterset during construction?
The share capital will be pal/ off at par by annual drawings,
which will commence one year after the opening of the line.
•

For further details as to the terms of 'tbe—cOncession refer-
ence may be made to the certified copy of the original, which
bes at the Company's omce for inspection. The original docu-
ment is deposited as customary in the Imperial archives at St.
Petersburg. An extract of the principal articles of the cone►
Mon accompanies this prospectus.
Application for shares to be made in the annexed form,
addressed to the Directors: bet no application will be enter-
tained unlus accompanied with the receipt of Messrs. !smith,
Payne, and Smiths, for PA per share on the number of shares
applied for. This sum will be returned in the event of the appli-
cation not being granted, and if an all tment Is made it will be
applied toward the payment of £lO per share then to be made.

►OLY OF

No.
(To be forwarded to 21, Throgmortonntreet, after payment of
the preliminary deposit to the Bankers.)
To the Directors of the liinnabare and Witepsk Hallway
Company (Walled).
Oentlemen,—Haring paid to your credit with Mears. Smith.
Payne, and Smiths the sum of L , I hereby request that
you will allot me shams In the Denalourg and
Wltepak Railway Company Limited: ; and I hereby accept such
shares, or any smaller number that may be allotted to me, and
agree to size the articles of association of the Company when
required. I an, °catkins%
Name in tell
Address In fail
Dais

LAW LIFE ASSURANCE SOCIETY,
Fleet-et/ink London. Instituted 1823.
Invented asset 04,000,000
Annual into,. 480.000
For prospectuses and forma for effecting ammances, imply to
Ur Actuary, at the SOtictr. office, Fleetatreet. London, RC.
Aiwa. urs. WILLIAM SAMULL DOWNES, Actuary,

fIONSULEI, Merchants, Bashers, thc.—BONDS,
V Beak Notes, Debentures, and other °dicta! document.
ENGRAVED and PRINTED on water-marked paper to present
forgery or alteration. Drawings and eatfinaten—H. B. CuLLI NS
and Co.. bank printers. No. 11, Great Wincheaterntreet, City,
Itateresoes to banker..

IVILST-END FURNITURE GALLERIES,
ge. Oxfordotreet .site Boodotreet),
TO PERSONS FURNISHING.

Goods ca;rl4elie7elosityPsiioftoe kingdom.
Drawing-room suited cumpleto from Ll 6 to 480. Dlolog.rocus
unites complete In morocco, from Li& Bedroom mites from
gm: Itensotd bedrooms. from ft. Bachelocg bedroom., from
• Mahogany winged wardrobes, from D guise m. Bedstevds
sad bedding of every description and quality: dining tables In
mahogany and oak, from g to 40 galacal: chimney glasses is
endless variety. Persons usable to pay a visit of limpection cau
ruelve catalogues gratis, sod post free on application.
References kindly permitted to former customers. ♦ written
warranty If required.
Y. mud 8. BICYYUI. Established 1843.

nA.IITION.—WATHERSTON and BEOODKN
• reeonusend the public to have the Ceret Odd Mated on the
Invoice—" ?Me Gold and Pure G01d.," as applied to Jewellery.
being a delusion. WATHLIISTON and ODE/P8 GOLD
CHAIRS, and all articles maaufactured by them, are gold upon
this principle, and at the manufacturers' prima Manufactory,
10. Henriettautreet, Parent-garden, M.P. Assam made of chains
and Jewellery tor IL each.—D.B. mbehtbameent le aloud at
▪ la the 'vanity, sad ea Saturdays et L

fIORNS, BITNIONS, and DEFECTIVE TOE-
..! NAHA =TRACT= and CUPID in one minute, without
cutting or the least pale, by Mr. RANDALL, 86, Regentetreet.
Ladle. Weeded by Mrs. Randall U preferred. Terms, Is. 611.
to 6. Mr. Randall he. terthnoulals tram the Royal Family,
which may be men, with thalami& of others, from all ports of
the kingdom, similar to the following:—yam the Right Raw.
the L,rd Bishop of London :—•• Mr. Randall has effectually cured
some corns on my feet without Airing any gir Robert
Alexender, 36, lit. Jaraes'eplace, has bad two largo toenails and
■ corn extracted from hie foot by Mr. Randall, and can strongly
recommend him. _ _ _