The Express.
London, England, 1865-02-28 00:00:00

witult, LINE of PAOKETEL—For 11XL-
Irszvm,,rl mod mainly% bisect. the splendid Clipper. ahW
_.,.„Tia 1367 tons register, Captain WM. PARTITT will
1141. sot India Docks. all March . call at Plymouth, and
MO , emrieacel surron —Appakito THILLIPPB, SHAW,
OM M • goal hsk hange.b I
sod W/Tme, Le;deoLalletreet. LC. "4
' " to
F.
4114 ZEN
Passengers by this line
od ~ _—
_...el bf ran t!eni Paddington to Plymouth at reduced
re r""ri..ope, to !. ORE ss.d Co. for tklets.
toes bf

y you L 11• EIPuOL Olt. QUE.ENSTOWN TO
OW" KEW %JIM
LWERPOOL, NEW YORK, and
iy.011,111.1A STEAM.AHI7 COIMANY Who! ,tas-
tapowsrad Clyde-bullt Leos loraw Staam.f4/44.
L.. Hata MIN 1311 CS.
lOW '.-111011 LIVERPOOL tor NW YORK.
piT OY WASHINGTON. We'llssida). March 1.
aTT or CORK, Safunla). March 4
arr OF LONDON, 11 ednesda), March S.
"gem 14111186 day as I may altioniaas Altardat.
~,..."Timaya by the out ate:wars salting every Wedorsl y
91 Floes% aocoraing ths scLommodatton. ifs .),)
I...riAbe,lllks ?staidly's stamen. 13 Worm. Forward. paffaaS
lacludlog all proindotu footed.
NA liatOd Maas. sea catushie. nool'ati:Mt
ausuamous tors or turthar part:mime apply to
i'lluaM COW: Waterutrost. Lltsmpool at 10 a., &A
igNAOTT. C. MK OUT.

BRlSZN.—Direct Roate to Haltom, Bruns-
via. sad astral Gereaatty.—Ose of the Werth Germf
tee drat claw screw stemotera A.1)121t, MOW&
am or GONDOL, wtl.l be &watched trout Bonet,-
6" wry rbareday metres 'weather permittetw). at 10 a.aaoog at elacteall Pter 611. teroseerra at It MOIL —Yarn to
wokLt Nod BL . edam deuce, sus m_Apatit
OLIN Wean& Belpeet-circua. 14.. or to
igfflttilLYS4 00.....1L Rood-J.9m Lc.

W.if, wtsciarrns CIIDIT AmeocumoN
• AIR AL-TROMSO! TO Orna 30,043 MARYS I
.A RAILWAY 01311IPANY, OW TIER TIMMS
Of TRIFILLOWING PROURCTIIII :
Tint VARNA RAILWAY COMPANY
OLUSTCHUR to VARNA),
wawa by Statutes under the law of Turkey, with Limited
I I Liability.
Concessith 99 years.
1 golAl". £90.3,000, In 45,400 shares to bearer of L2O eack.
-leillig a minim= interest of 5 per ornt. per annum puree-
tdayihe TEAM Government.
3,lllsbami
eh been taken. 9,000 of which are ender offer in
yezgey 41COOrdin to the terms of the conoeselon.
Price of Woe of the shares 1:12.
NOR QC fiiPlidatkm, al. ditto on allotment, LI
Olt sot to exceed n 10s. per share, at luteisals of not this
• ' atom three mattlu.
sail sive of Wee. deareholders will receive Pi per cent. per
gas, ad Interest will Os allowed at the same rate on ad pay-
Oda aareholders may pay opts full.
"Gibe redeemed at par by a sinking fund guaranteed
Y Ttliaa government by annual. draw-hip, to commence
Liar stare the opening of the line, via :
gimes during the and 33 years. 10,000 durtng the
a years. 11,309 during the third 33 years. Total,

Sift.4.64isre drawn and snide( at f"2O, will receive
I entitling him to participate in all profits
gold W tile Railway in excess of the guaranteed Interest
an nmanireg term of the concession.
lls situate the advantages oared to the shareholders, In ad-
age' le the minimum interest of 83 per cent., and the profit
delvelten the anaual drawings allot, it is necessary to state
Y der railway b arrogated to yield from 10 to 12 per cent. per
sem.= the entire camp.' expended of 42.000.000 ; of this
0.
saress, g APO bar heft provided by means of obligations at
per osnt Interest, end redeersable by the sinking
guaranteed by the Turkish government : the
above the aggregate guarantee will, Inconsequence,
divisible among the sharebolden. representing a capital
elteken),andtalthog into account thegetce at which the shams
arailipat each 1 per one. of surplus profit earned on the total
arid give the shareholder an addition of nearly 4 per cent.
a sasean. paid by him.
sot to, Betts, and Crampton have contracted to construct
the railway and works, and provide rollingetock. for a sum
AIM will leave a staciant margin In the hands of the Company
otztop interest .doriag constraction, and to meet all contingen-
swing tbet under no circumstances shall the es.
E2,0m000.
11MT was commenced last June, and great progress has
all branches of the works. Fifty miles of
sreererenready for laying the tuffs, and the contractors
bps dads of en to overstate mitre line la the autumn,
lift. For this purposnall the rails will be delivered this year.

Dr =MOM.
WILLIAM GLA DSTONE. Esq., Chermus.
H. Wollaston Blake. Eaq.
Charles Edson, EIS.
McChlery,
Vannes .1. Poen% Bal.
Nam L 14ne.
V. Tercelln.Monjet.
CoArLand LveluDelt—Gs P. Bidder, Esq.
Enema Wm. McCandlleh. Encl.
CONSIACTORS —Messrs. Pete,- Betta. and Crampton.
Soucrroze-31 mil. Frephbelds ma •
Newman-
EAMLEES—Mesms. !Mooed Co.
•••• •.0 A haliarbiga4:
Itioness—Massra. P. Canenove and Co.
001cro--15, Angel-court, E.C.

..London.

This Railway will connect Restchuk, on the banks of the
Danube, with Varna, the principal port in the Black Sea, and
wit traverse for the entire diatanee of about 138 English miles
most populous dlotrivts in the province of Bulgaria. This province
resits >early to the Turkish government a net revenue of about
one million "Wiles, and provides Constantinople with cattle,
Caber. grain, and other produce.
The maps attached to the prospectus will show the route of
the proposed railway, and the great saving of time and distance,
both by Pet and laud. It will form the shortest and most con-
'Went route to and from the Rut. It will also provide the
cheapest and most direct means of communication between the
BadoWallachlan Principalities and the countries of the upper
Danube sad the Por. of Yarns. The journey from London to
Constantinople will be accomplished In four and a half days.
The buy of Vanua is one of the best natural harbours in the
Mack Sea, from whence there is a large exportation of grain and
other merchandise at all aeasous of the year. The Turkish go-
ornament arc now negotiating with a company for the construc-
tion of a breakwater and quays within the bay. When these are
completed the harbour of Varna will be one of the finest in
Europe.
Already a pier has been constructed, extending into le feet
deptp of water, where camels of large tonnage may load and
deliver in connexion with the railway.
By means of the annual payments guaranteed by the Turkish
ilevennsent, the entire share and debenture capital will be re-
deemed within the term of the concession.
The Turkish government have the option of purchasing the
railway on terms Livonrable to the Company, at the expiration
ally years.
For further detail+, reference is made to the original firrolo,
convention, cahier des charges, pan for redemption, and other
venal documents, s) hick with tranalalions, are open foriuspec-
boa at the Company s aloe.
Applications for shares in the annexed form to be left with the
bathers epee payment of the deposit of Cl per share. If no
allotment is made the deposit will be returned In full, and if •
lean number of shares be allotted than is applied for, the deposit
nil, so far as required, be applied towarda the payment due on
allotment.
Prospectuses and forms of application for shares may be ob-
tained of the Secretary of the Imperial Mercantile Credit Asso-
ciation Limited', 95, Bishopegate-atreet, of the Brokers. at Na
Threatineenk.street, or at the offices of the Company, lb,
Angetcourt.

POLY OP APPLICATION TOR STURM
To be retained by the Bankers.

To the Directors of the Varna Railway Company.
Gentlemen,—llaving paid to your bankers, Meagre. Roberts,
Labbock, and Co., the sum of C , being a deposit of CI
pa dare on shares In the above Company, I
hereby request that you will allot me that number, and I agree
to accept roch shares, or any less number you may allot to me,
(6 the "roe of the proopectus, and I agree to pay the depoait
die on allotment.

Usual sismature.
Name in tall
Re4dence
Pmfesaloa
Date