The Express.
London, England, 1865-03-03 00:00:00

gni MU LIVERPOOL OR QUEENSTOWN TO
NEW MEL

iriLIVERPOOL, NEW YORK, and
r4ILADILPHIA RITAMAHIP COMPANY tutatul die-
galatra teer Sabewervied Clyda-buttS Iron Serrow Staaso-Sidps,
Ziage4lllo UMW Made mane
FROM uvrapoor. ter raw YORE.
CRT OF 00XX, Saturday, March 4,
CITY OF LONDON, Wolnead Mardi S.
CITY 01 MANCHESTER, ), March 15.
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TUE IMPERIAL MERCANTILE .CREDIT ASSOCIATION
TanuzAVE AITTMORIAIMe TO OD/ER 00.000 SHAM
lARNA. RAILWAY OUIEPANY. ON IRE TYR=
TEE FOLLOWING PROSPECTUS:
TIM VARNA RAILWAY COMPANY
mustn't:lE to PANSCA!,
Constituted by Statutes under the law of Turin, `frith Limited
Liability.
Confession 99 years•
aye coital £909,000, to 45,000 shares to bearer of £2O eeek,
boring a duisam iuttress olf 6 pre cent pee annum guavas.
teed In the Turkish Government
36,000 shame have been taken, 9,000 of which are under offer In
Turkey according to the tenni of the concession.
Price of lune of the shares 812.
Deposit on appbcatlea, Z 1: dltte en alletattenk
Cella not to weal 82 10a. per NYE*. MS tneseaute of sot Nal
than threa moat

At tins prise of issue, shareholders will receive 81 per cent per
Meant sad interest will be allowed at the same rate on all pay-
ment Shareholders may pay bp In fat.
The ehameiral be redeemed at par by a slakingfund guaranteed
by the Turkish government by annual drawings, to commence
the year after the opening of the line, viz :
• WOO shares dating the first 33 yam. 110.000 during the
Wend 33 years 1it,500 during the third 33 years. Total,
Mtn
The holder of each share drawn end pad oft at £lO will mare
tideland warrant sntallog his partitipata In all watts
weed by the Railway ia excess of the guaranteed interest
ashy the remaining term of the concessioa.
To estimate the advantages offered to the shareholders, in ad.
diUon to the minimum Interest of 80 per cent.. and the profit
derived from the annual drawings apse. It le necessary to state
that the railway is estimated to yield from 10 to lt per cant per
matunce the entire capital expended of £1.000,0011: of this
amount, £1,100,000 has been provided by means of obligations at
threat on per ant interest, and redeemable by the sinking
had. hkewhe guaranteed by the Turkish government . the
dare mats above theampw. te guarantee will, concequenm
berme divisible moll the areholden, representing a capital
pi
ged,olo,aod taking Into account the pdee at which the share.
are bleat sack I per out. of surplus meat earned on the total
mot woad give the shareholder an addition of nearly 4 per eon
SO
the meant paid by him.
thews. pets, bets, and Cramptou havecontractedto construct
the railway and sra, and provide rolllegatock. for • sum
dila will leave a sufficient margin in the hands cif the Company
May Interest during construction, and to meet all costbden-
lila. therein, =albs that under no circumstances shall the es-

- --
The Railway was commenced last June. sadgreat progre as has
tees made In all branches of the works. /thy miles of
earthwork are ready for laying the raft, and the contractors
here made arrangements to open the nears Une lo the autumn,
WA for Ws purpose all the rails will be delivered this year.

WILLIAM GILA MONK:Fay., Chairman. )
H. Wollaston Blake, Faq.
amiss Besoe. Pao. } London.
Newry VeChlery, Esq.
Yank* J. Poem,Esq. )
Mama L. Essarione. )
. F. Pauwa. ; Brannsia
V. Terosiln.Monjot. )
Consmirma B3OIIIIIZR —O. P. Bidder. Faq.
EMMA Ws. AleCandliab, Esq.
Connaerona—Mean. Peto, Bette, and Crampton.
l'eneerrons-11 sans. Premarital!, and Newman.
Bastinn—liesses, Robarta. Lubbock, and Co.
Bacarraar —J. F. W..lah, Km.
Bionnts—lamera. P. Summon and Co.

o-7—fitees=s3:3nael7oouTlF:
This Railway will connect Ritstehuk, on the banks of the
Danube, with Varna, the principal poet in the Black Sea, and
will traverse for the entire distance of about 138 English miles
WA populous districts in the province of Bolivia. This province
remits )early to the Turkish government a eel revenue of shout
see million stating, and provides Conetentineple with cattle,
limber, grain, and other produce.
Thy map attached to the prospectus will show the route of
premee railway, d saving of time and distance,
both hy sea d and land. an
It win form the shortest and most con-
'molest mate to and from the East. It will also provide the
tZland most direct means of communication between the
iallachlan Principalities and the countries of the upper
Bombe and the Poe. of Varna. The journey from Londoa
le will be accomplished in four and a half days.
eThdearVay Varna is eye of the best natural harbours in the
lima NS, from whence there is a large exportation of groin and
ether merchandise at all seasons of the year. The Turkish go-
gerament are sow negotiating with a company for the contrac-
tile of a breakwater and quays within the bay. When these are
tomonepleted the harbour of Varna will be one of the tined in
kr.
• already a pier has been constructed, extending Into 16 feet
dapth of water, where vessels of large tonnage may load and
fairefria connexion with the railway.
By means of the annual peymeats guaranteed by the Turkish
lioverement the entire there and debenture capital will be re-
deemed within the term of the concession.
The Turkish government have the option of pnrchastng the
rallsrsy on terms favourable to the Company, at the expiration
Of 50jeare.
Poe farther details, reference is made to the original finnan,
Mutation, cahier des charges, plan for redemption, and other
amcW documents, stitch, with translations, are open forlespec-
Ike at the Company's race.
=Talons for shares in the annexed form to be left with the
upon payment of the deposit of PI per share. if no
anotmentls made the deposit sill be returned In full, and if a
ler number of shares he allotted than is applied for, the deposit
Mil.
rant so far as required, be applied towards the payment due on
slilet

—iraTspeCtuaeo aad forms of applfration for 'hares may be ob-
tained of the Secretary of the imperial Mercantile Credit Aseo-
dation lted', 95, Stshopegate-etreet, of the Brokers, at No.
fd. Threadneedle street, or at the offices of the Commaoy, IS,
Antetcoart.

PORN OP APPLICATION FOR SRAM.
To be retained by the Bankers
To the Dbeetora of the Varna Railway Company.
vamileam.—Naving pall to your Wolters. Nauru Nohtrlu.
Labe* and Co., the sure of ,e , being a deposit of El
ppars ou shares In the above Company, I
remiest that you will allot me that numb.r. and I acme
omaS each 'harm or any lees number you may allot to
OIF be on allotmen Wel Of
tthe prospectus, and I move to pay the
Vaal signature
Name to full
Raiideace
Profemion
Deb

Talc VARNA RAILWAY COMPANY.
NOTICE IS HEREBY GIVEN, that In conaequeoce of ro-
Iltelentatkeu haring been made to the Directors that the Unto
nronnead for reCelAnlt applications for sham was too Belted,
sr LAST DAY for APPLICATIONS Is EXTENDED to TITER-
UT. the 7th March next, at 4 dcloa for London, and WED-
NESDAY, the Bth March, at 12 o'clock, for the country.