The Express.
London, England, 1862-08-05 00:00:00

MOLDAVIAN RAILWAYS.
Prom Dann to thenorth-Western Frontier of Moldavia,
to Jump the Capital of Moldavial, and to the Salt Mina atOinia.
Company to be incorporated with Limited Liability under the
Joint Stock Companies Acts In England, with a Subsidiary
incorporation in Moldavia.
Capital. X 2,440,000: in 111.000 Shares of XlO or 600 Francs) each.
And 5.1,000,000 in Debenture Bui,ds, at Six per Cent.
interest at te per cent. per annum uo the paid-up capital
during conatruotion. A minimum dividend of 6 per cent.
per annum en the whole capital is guaranteed by the Go-
vemmeat at the United Principalities of Moldavia and Wal-
lachia, payable es each section is opened.
A,utrim Foe Contanv—The Ottoman Bank.
BAllizio—)Pears. Olyn, Mills, and Co., London.
The Astatine instructed to receive subscriptions for the above
ahrrepapital on the following terms

Paymeal am allotment ....
1 lax, IWO ....
1 August, 1884 ..
1 Neb., 1686
1 August, 1886 ..
„ 1 Pa., ISM
„ I lab., 1057

I:5 or-126 francs per 'bare.
6 „ 126 „
2 „ 60
2 „ 60
2 ~ 60
2 „ 50 ~
1 „ 50 „

£2O MO francs.
Each shareholder will have the option of paying up in full on
one-fourth of the dues allotted to him. Au option will oleo be
reserved to the thareholders to take up the Debenture Bonds
when they are issued: Palling the exercise by the shareholders
of their option, they will be taken at par by the contractors in
part payment of thew contract au=
To meet the convenience of subscribers abroad, provision will
be made In the constitution of the Company for the issue of shares
" To Bearer," so soon as £lO per share has been paid up; and for
payment of the Interest on those shares at Amsterdam. Berlin,
Hamburg, Paris, and Vienna, by the agency of Yew& Bischoff-
abeint tioldae.hniidt. and Co.
♦ concession, dated the 25th April, lief, and expiring on the
31st of December. 1983, has been granted by the government of
the United Principalities of Waßachis sad YoldeNw ( the initial
prudence of which is secured by the treaty of Pero, DAV, to
Monsieur Pierre filavrojeby and his Highness the Prince Lfo
Sapiens, for the construction and working of the above Ball-
- Mate guarantees' an annual Interest of 6 per cant par
annum on the above capital of £.3,440,000. payable ax each sec-
Bop is opened, and calculated on an expenditure of L 11,584 per
.

A contract blis been entered Into with Wawa Bellamy, Petri.
and Retie for the completion, in the terms of the cueceenon, of
the Railway and Works, Including construction of ptationa, and
provision for adequate rolling stock. A contract has also been
entered into with Messrs. and rititeman, civil engineers,
covering all the surveying and engineering expenses. Agree-
ments have been concluded with the concessionaires for the
transfer of the concession. and all preliminary expenses up to
the formation of the Company. Provision has been made for
payment of interest at 0 per cent, per annum on capital during
the progress of the works, and until the Railway is completed
and open throughout for tragic. After providing for the above.
the surplus capital will suffice for the purchase of the laud, for
the coats of formation of the Company, and for administration
and all other charges daring construction, both in England and
Nelda, la.

The capital subscribed will he held by the Agents who will
from time to time, with the am royal of the local Board, make '
Wits to the contracton upon the oestincates of Meows.
O% and Stilemas, of treat George-street, Westminster. the
ra who have been appointed on behalf of the Company.
Local Board, until the completion and opening of the rail-
way, will oonsist of the following gentlemen, Six .
H.H. Prince Lko Sapiens, Presideut of the Austrian Charles-
Louis Railway.
M. Pierre Marrojeny, V.P. of Elective Chamber of United
Principalities.
ht. Jean A. Centaensfne, Jassy.
M. Nicolas f Markt limy. Deputy.
M. Emmanuel Chrissiowergby, Jaw.
M. Demetre Cosadin, Jassy, Deputy.
Mr. Alfred L. Powell, Local Director of the Ottoman Bank at
Galata.
The Court of Directors for the time being of the Ottoman Bank
will form a Corresponding and Finance Committee in Loudon,
and through this Committee ail payments will be made.
The present Member., of the Court are •.
H. A. BRUCE, Esq M.P., Chairman.
Sir W If. CLAY, Bak, Vlee-Chairman.
James Alexander, Eau. George T. Clark.
J. Anderson, Esq. Puce. Du Pril Greaten, Eaq.
Charles Bell. Fey. J. W. Larking, Esq.
Hon. T. C. Brace. L If. Rate, Esq
The railway wit' be complete in sections as under ,

1. Galati to Tekoucii
• Tekonch „ A.lJud
S. Adjud „ Roman

about 60 English miles.'
„ ao ..
„ 66 ..

4. Boman Jassy „ 15
b. Adjud „ Okna „ 32
G. Roman „ Austrian Frontier , 75
Immediately previous to the completlon'of the !Met and second
sections, which will he opened simultaneously. a meeting of the
shareholders will he convened, and they will have the =r of
appointing, It they see lit, a Managing Director to take cin
oonjun glen with the local board, of the working of the sections
as they are completed.
On the completion and opening of the entire railway, the local
board and the correapong and finance committee will retire from
office, and th. it rempposirtment, or the appointment of their
successors will rest with the shareholders. by whom also any
casual vacancy in the local board wW be supplied.
The main line of the railway about 220 miles In length; will
commence at the Port of Garet., and following the Valley of the •
Sereth, will pass through or near the towns of Tekouch, Adjud,
Nauru, and Roman, to a point on the north-west frontier of Ike
Principe/Kies. 'There are two irranehes starting from the man
line, one ahout 45 MlitA to Jassy. the capitol of Moldavia, and
the other •about 32 miles) to Okna, the most Important salt-
producing oietrict of the Principalities.
Moldavia, now a constitutional &tate without debt. Is well
known as one of the greatest corn producing countries of Europe.
The Valley of the Sereth, and the districts through which the
lines peas, are the most fertile in the Princlpeliti w. Delete Is
indisputably the most thriving commercial port of the Black
Sea.
The line will. in conjunction with the proposed extension el
the Austrian Charles-Louis Railway (:or the construction of
which a Company will be formed so moo as the construction of
the Moldavian Railway is assured!, establish unbroken and
direct railway eornmirnimition between the Baltic, the German
Ocean, and the Black ilea.
Loudon, by that route, will be brought within sixty hour of
Galata, and seventy hours of Odessa and Southern Russia. Con-
stantinople will be reached in four days Taganrog and Tr. bi-
son.] •the great entrepOts for the Caspian, Persia, and Central
Asia in five days; and Alexandria to seven days: thus estab-
lishing a new and Independent route to ladle, Australia, China,
and the Mast.
Detailed particulars of the undertaking and its prospects have
been prepared from government returns made In 1650, whiett
show that the dividend which, may be anticipated from traffic
now existing will amount to 12 per cent. per annum, and that
dividend may fairly be expected to reach at least 15 per cent,
per annum when the connexion with the Charles-Loris Railway Is
completed. The best evidence that this estimate Is not excessive
Is to he found in the fact that the titeries-Louis Railway (from
Cracow to Lemberg, a length of 215 miles, of which the crince
Übe Septette, a member of the local board of this undertaking, is
the chairman)—a more expensive line, passing through a less
productive country—already earned per cent. per annum,
although that railway has been very recently opened.
A certified translation of the concession a-id Caller des Charges,
and also the contract with Mem.s. Brassey, Peto, and Bette. can
be Inspected at the officers of Messrs. Itircharn, Dalrymple and
and Drake, 46, Parliamentstreet, or at Messrs. Swift, Wagstaff,
and Co., Great George-street.
Applications for allotment, after pas ment to Mews. Olyn,
Mills, and Co. of a deposit of el per share on the number of
shares applied for, to be addressed to the agents of the Company,
at their Maces, 4. Bank-buildings, KC., or the undermentioned
Brokers :—Masera Laurence, Son and Pearce, Auction Mart, Box-
tholomew.lane, LC.: George X Seymour. Ss, Throgmorton.street,
KC. ' • Mears. P. Cuenove and Co., 52, Threadneedl -street, LC.
In the event of no allotment being made the dew/di will be im-
mediately returned.—By order of the Ottoman Bank,
W. LANDSR, Assistant Secretary.
London, 4, Bank-Mandlngss RC., August 5, 1.62.
101111 OP APPLICATION TOP SHARES.

..........
To be forwarded to the . after payment of the preliminary
d to the Bankers.
To the Agents of the Boadavitto Railway Comrenty (Limited
On-etuau,—Raving paid to Messrs. Give, Mille, and Co., the
sum of g . I hereby reque4 that you will allot me
Mares In the Molds, Lan Railway Company
(Limited), and Ib. reby agree to accept such shares, or any
smaller number that may be allotted to me and eine to sign
the Articles of Aseociation of the Company when required.
I am, lientlewen, your obedient awriunt,
flame in full
Address in full
Date
•
• To be opened previous to the date thud lee mired a the
instalment in August, 1864.