The Express.
London, England, 1865-07-28 00:00:00

noon=—Georg.) Berkley—ia•-i. 24. Gres Cll•orge4treet,
wesinamilor.
szournay (pro tem.)-11. P. Baker/lit Esq.
Temporary 00Ioes—ia. Aldonmuirwalk, New Broadqtreet.

PROSPICTUS.

---
The objects of the Company are—first, to construct a railway
about nine miles in length from the OM Pon" of Marseilles
to Podestak to afford increased facilities for the commerce and
manufactures of the town and port ; secondly, to acquire land
on both sides of the hoe throughout its length. for betiding an
other purpose., to which great value will be given by the con-
struction of the railway.
The reputation of Marseilles as the first maritlese city of
Prance is well known ; seconi'. only to Paris in population and
wealth. its position and capabilities give it the command of
French commerce in the Mediterranean.

.p
Rhin the lot
t7nT,ea7siiii;;Fies has been placed in direct
railway commnalcation with Parts and all parts of France :
magnUicent docks and warehouses have been constructed, bet
great and rapid as these new works have been, they are still
far behind the requirements of len ever-Increasing trade.
The old quarters of the town are being demo shed to make
room for handsome streets and public bending.. The popnlatbem
this displaced are driven to the suburbs, more eapecially towards
the south, *here the lands of the Company are situate, "lad
where a tint valley stretches from the towu to the Mediterranean,
with a view of the sea, and open to the refreshing breezes, which
during the summer afford the only relief from the Mews heat
of the city.
The enormous valise of mound in the town may he estimated
by the fact. that for any es tension, rocks SO feet high Dave to be
cteared away to give sites for building ; it will he readily under-
stood that such a locality is no longer suited for the erection of
ordinary awellings, or factories and chemical works, which
latter, for sanitary reasons, will soon be driven from the city.
The proposed railway, after leaving the port and town of
300,000 Inhabitants, will pass through the southern suburb,
which contains a population of 60,000, and follow the valley to
the sea, at the liadrague de Slontredon :" from thence it will be
coutinued for three miles along the coast to Podestat, affording
sites for the erection of factories, with aceees to the sea, and
direct railway communication with the town and port, and with
the Paris. Lyons, and Mediterranean lines, by a Amnon with
the proposed new branch of the latter to the Place Castellsne."
There are at the present time MO factories In the town, *em-
ploying nearly 10,000 workmen, mid the number of factories
would rapidly increase, were it not for the heavy cm, gee to
which they are stihnieted from the increasing value of the ground
occupied, and the want of direct railway connelien with the
port, and with the Paris, Lyons, and Mediterranean lines. The
proprietors of thee* establishments will Mealy avail themselves
of the opportunity of disposing of their present sites to great
advantage, and removing to • locality combining the faciblies
of si a and railway communication, with perfect freedom from
all the difficulties of their present position, and where land can
be obtained from the Company at a tenth part of the prim now
paid for building ground in the town.
In order to Mint an opinion of the pecuniary results of the
proposed operations of the Company, It will be clearable to con-
sider separately the income to be derived from the railway, and
the profit to be realised by the sale of the land of the Company.
First, with reference to the railway it must be observed, that
the exiathic lines are connected with the new port Joliette"
and the hooks, but that the old port, which in 67 acres In extent,
is entirely without railway communication or docks, notwith-
standing which the °Mend statistics of the government show
that durng the last year for which they me published, 1863, the
returns for the "Old Port" were as fo.lows

4,181 of various nations entered, carrying 960,140
4.303 .. left. „ 593,842

8,466 Total of vessels. :,344,022 TOILS
Darlog the nate period the returns ter the hew poet Joliette
were--
Vomits. Tans of hierehenkilte.
2,409 of rations aatloaa entered, cm/vying
330, 364.121
OP left, „ 676

6,002 Total of vessels. 694.927 Toes.
But in addition to this dangle port "Joliette" reamed and sent
off 1,159,024 tons of merchandise in lipa by 5,373 darner', on
amount of the facilities afforded by the r llways and dock..
It is evident from these returns that a railway to the old port
must secure a very large amount of gooda traffic, and from the
population of the suburban district through which the line will
pass, and the number of factories, dc., already es.abilalted In
that locality, it Is calculated that the railway will produce an
tome-Bate profit revenue equal to 15 per cent. on the outlay,
which Income will be rapidly incased by the erection of homes
and factories along the Ilse. There will be 'evert intermediate
stations between Marseilles and 'Waist, one of which will be
for the " race course " and the "public guano." and " chateau
Sorely."
The company have collimated for the execution of the works
of the railway from the "Pace CaateWne " to "Podestat." at the
price of C 135,000.
Secondly, with reference to the profit to be realised by the
sale of the tad of the Compare 7, it may be sated that all pre-
vious speculations in land at Marseilles have been successful
The Company have contracted for the purchase of about
1,330,000 square metres of land (about SW English acres;,
situate on both sides of the proposed railway. between the
town and the -.lLadraglie de Montredom :" 140.000 metres of
which will be required for the construction of the line and sta-
tions. leaving 1,100,900 metres to be mold for the erection of
fleet-clew residencec
It has been estimated by competent judges of the vela of
building sites In the neighbourhood of Mar-ernes, that on the
completion of the railway the whole of this land will be readily
oldat the price of at least 20 francs per metre, at which rate It
will produce 21,200,000 franca, or 8.60,000.
The Company have also contracted for the purchase of a very
iarge tract of ground beyond the '• Madragne de Montredon,"
through which the railway will pass to Podestat 1,500,000
metres (about 375 acres) of this land, adjoining both sea sad rail-
way. will be at once available as sites for factorial and works of
ell hada,
ltialeettiog the welling price of this land at 10 francs per metre,
a sum sallciently low to Induce the manufacturers to establish
their works rapidly in the locality, it will produce a sum of
15,000,000 franca. or 6400,000.
the average cash coat to the Company of the land above re-
lated to is oaly hence per metre, including the houses already
built thereon, and thcluding alto upward, of 10,000,001 metres
of land (about 2,500 acres) on the coast line for three miles be-
yond the proposed terminus at Podestat, which will gum be
acquired by the Company free of cad, and which will be made
avadAble at some future time by as extension of the railway and
the formation of roads.
An ample supply at water, which is Indispensable at Marseilles,
both for houses and laud, can he obtained from the existing
works, which have cost the municipality more than 00,900,000
of francs.
The additional capital required for the payment of land will
be raised in debentures, to be repaid out of the produce of the
land
hesales.
T pact/cal bearing of the land question is ea follows :
Astrum.ing the sale of the land at the low prices named, the
profits arising therefrom will not only repay the whole cod of
the railway, but In addition there will remain a very large
surplus for di, Man. as bonus amongst the shareholders.
the railway conotedon from the lamb goverumeat Is fer the
term of 99 years.
The lands of the Company will be freeholda in perpetuity,
except the small portion occupied by the railway, which mud
necessarily be surrendered with the line at the expiration of the
concession.
6,000 of the sharers have been subscribed for in Francs, and will
be lathed with £0 per share paid up thereon :
3,000 shares will be reserved for issue as fully paid-up shares ;
leering
12,000 ordinary shares for issue to the public.

93.000
The articles of association, and also the contract. concessions,
awl plans, may be seen at the oldces of the solicitors, Mean.
Newbon, Evans. and Co., 2S, Nicholas-lane,
..Aypticmatlinestofor a
the rc e
tary 4iithteLoOfllcheesarmo the Company forms
may
to the bankers, brokers, and solicitors. But no appheation
be entertaine4 unless the deposit of 41 per share on the num.
her applied for has be-n duly paid to the Company's bankers. In
the event of no allotment helps made to the applicant, the deposit
will be promptly returned in full.

PORN OP APPLICATION POR 311110 WITH /.3 PAID 03 ►LLOTWI!.
To be retained by the beakers.

No
To the Directors of the Mann Wes Extension Railway and Land
Company (Limited).
Gestletnen.—Having paid to your bankers. the Imperial Bank
(Limited., the nun of k being a deposit of El per share
oa shares in the above Company, I hereby request
that you will allot me that number, and I agree to accept such
shares or any lees number you may allot to me, and I agree
to patthe lam of IA per share on allotment, and L authorise you
of
to
sharesl nam
to insert ee ome. n the reglater of members for the number
Usual signature
Name In full
Residence
Profession