The Express.
London, England, 1865-01-13 00:00:00

TN II RRIDIT FONOIKR AND 110111Ltli OF INGLAWD

Ttal
TIONB PO& TIM CAPITAL ti, TEES
CITY of MILAN IMPROVEMENTS
oomnaY (Ladled).
Inoorporatad ander "TM OoMpanien Act. 111811."
A conceseko, dated 20th July, 1811, 'wanted by the Munici-
pal, of Man. oonfars the pant of the fee simple of about
seven owes of land In the Marta the clty, imnseolately surround-
ing the Cathedral, for the of rebuilding the Plana del
Down% and 000neoting itwith the Plana della Soda
Share Capital 6110 .000, in 20,000 Mane a li4o each, of which it
Is not proposed to call up more than kW per there. The coll.
to be at inierrals of nut Ums than three inuntha, and nu call to
exceed rr. par Mare. Purtherrequlraments are Intended to be
met by the lame M debentured, or by Me sale or &maim of
the Wallop a meccetnieted.
ProsLaldu Is made le the estimates for the payaept of interest at
the rate of 1e.7 per lest. par annum. on i ch January and übth
J cats. pending the sale or Dope of tbe rotoostsuoted buildings
the stet holt-year's interest will to paid 16th July !Jae.
Deposit Al per share uu applit.atiou, and ge foirther on
allotment.
YaUgriMe.
The Earl of Warwick. I The Earl Somers.
Edward Warner, Ewe, Y.Y.
bIitIKISOLL

The Right Mon, Jazoas St:nert *Gettig, Ocn dinar of the Credit
/owner aid Mobilise of Rogland.
flirJanies P. Lomita. K.C.M.O , member of the Italian Parlia-
ment, Director of the Anglo-Mallen /WA.
Jamie Pietather, Req. (Morro Altiaader Pletcher and Co ), Lon-
don
vincial, Dimas* dhonk of the Al
lo bums Marilee Ineuranue Cosegow, and
Pro losod.
Preslortek J. IL Ifelliert, Req. (Minim Lane, Hankey, and Co.),
Lodes.
George Z. teernoor, Roo (Morn haymow and On). Ilk
bThrornerton-etteet, London, Diresitor of Ws atigio-Aostrlon
eak.
M. ingby "tea* A.., tote vtoo-Drondrot of the institute of
Beer* Aroliilieste.
Aninirinnr.—Signor Giuseppe Mauve. consulting architect
to the cdper
Mechem,

Dalrymple, Drake, and Co.,
Ins% S. w.

11.1111.131.
Norm Rol:arts, Lebbook. and U. 14 Loothard-street. Loud cm.
The Anglu-li&ltan aka. Man.

Mama laurenor, Boa, end Pearce, 1.3, Angel-court, T4rogmarlao.

Marra. 'lichens sad Ilarrlassll.7lllweddsdedloulda
8110LITLIIT llr. isse.)-4. D. Vitried, Mg.
Idmierary iDdies.-11 add IS. Donau&

The right acquired by the thy of lifien improvements Coln-
play (Lisited) to the poissothou Of the &Meal feenlmple of about
ewes eons of land la the reassiorand mistreat one of the penal.
pat this of lturope, preemloestly distinguishes this front all
cat el andertakings hitherto carried out upon the contnient by
mesas of Muth capita/
Under the Malian law of expeepotaltiou affeeting property re-
quired for works of pubuc uully, these seven sores, with the
buildings upon them, of which the Compass WM become Mem
Moly puemsed, were purchased by the Municipality at an aver-
agemies of Malay or francs (&:10) per New* melte. or • total
suss of even,.336. The price to be paid by the onaires Is
Mud by the ooncesaiou 4:311,144, or Mears cetm per square
metre for 24,160 square metres, sod 160 Ur Wit per square metro
for 3,104 square metres, Isaviag a Worths, Of 4(167 4w In their
1 favour. Tale aura of 466/40.10 will remit as • positive profit to
I the tOmpthy leas the purchseemoutey fur the imiansal" via,
464.000 in emit, and I.• .1101 in paid up share& The actual &I-
temise Ica favour of the Company will consequently be 4:407.010,
critzrerwirsent value of the property beyond the price paid by
Mr. t2iarlas Berry, the Mirth arehhect, at Leades, who was
Reda" deputed to amebae the piety othmatet ant.. us the
wet , /Mum Una area, la the aocuspartylug report. at ran (1,000
theirs, square them or at a total of above el,loo.tho sterling.
The thseassiosabus bath Weedy provided Leo,ooo far payment
dmull to the Mankipelity, and for the entsietion of
the land : best reglateree In the names of the thee-
piny's trielms), Ma Y agressiaat has aim been entered
Into betimes them sad the tkampany that the parchme-stosey
fee the cosesselen shod Maude preliminary weans of every
kind.
It will be seen from the report by Mr. Berry, that "as
large • imstributtou would not have been amide by the bairn,
but fur the bet that the Municipally 042 MM 4h. estates
of the State, tom yams slam, te establish a lethry for the as.
press purloined haying apt/is property from she prslits theme&
the moult at which at. bees the releles, without say cost to the
dig, et the whole of the woman [WWI ' tautly the
lenalcipality are stabled to throw the make urchase money
paid I. the thimputy to making the new streets sad endgame
the old, sad Ornaineliting the Moths of the Company's buildings,
ai mentlased la the tioneessioa.
The terms of the ococeesion width the Company purchases
may be lately Mated as sloth :
1. The Minder to the Colvin; In perpetuity, sad fres boa
all incumbrance, of ?UM square metres of freehold land.
to about ? English wins, wtth the bowies and buildinge standing
thereat, now let and oeoeDld, cossthotnig the actual centre of
coarlinerce In the city of 1111.04 sad its most dessitty populated
area.
2. The right of purchasing this land at the priors above sped-
lied, In successive lots, vLL, &WO slime mews (theludiltit the
4,000 square metres &trendy paid for sad trawls:red) inunedi•
mob,. 1e,410 square metres by die Midi Iteptithtsr, lath; sod
the rentsintrig 4115 spears sietssis by the Iletheeptesster, itled
& The theioany are to ease; in esionfonlide WAIL the
Stet per, wambeeisit masdithisessea shims as&
homes and suck other bundle. as the Company may determine.
4. Lower to the Company of selling, Smug, or dealing with
the freehold land and the buildluds recOnstruceld upon It.
6. Till WANTS UIP TII ItalaTlNti SIALIMN:en upon the
ceded lead to beloog absolutely to the Company tram the dates
of the several aeingneeint& Thin rentals ate reported
Mengool, an architect of great repots/sou wltaly, spatially ap-
pointed to the Municipality of Milan, sod by Mr. 4.. Barry, at

i 11,11901. per mum.
6. The mWrlai arising from the demolition of the old build- I
Mtge (valued as 1,010,0e0 bre, or .440.000, So Mom& a shout any
payment, to the Company.
7. All costs of extra ornament of the proposed buildings to be
beaus by the Municipality, be. all suck onsaneaut to be the pit-
=neat property of the Company.
S. lhe Muulcipality to pay use Company, at a fixed radii, all
expenses of prim, drainage, and marionette& of sewers. This
meth will t•s • source of pewit to the Company.
9. The Municipality binds itself to give absolute possession of
the property outmoded. without any oilier charge to the Company
titan the mad Goversuneut dues upon transfer.
Mt The Company to have the prefereme to executing any
future manicipal Improvements In
The wealth and importance of Milan= the commercial moths
of Northern Italy, and which will be lacreseed by the removal
of the capital from studs, render the prestige= of this Compaq
exceptional, favourable. TM quarter of She city to be rebuilt IA
as Mated by Mt. Marry, as moon the centre of commerce to Milan
as Cheapside and Vanillin are that of Loather. The improve-
ment of this business portion of the town hat tom been Impera-
tively called foe. From these facia, coupled who the promo.
sire WOWS of rentals, the demand from urcupauts about to be
displaced and others for bushes= premises, odor, houses, dabs,
I cafes, end other buildings on the sites whieb the Company will
manes, the Direstors an sunned that highly lantattro Returns
will attend the projected operationa
The Company will toe thw,th proceed to the erection of the
buildings, subsequently selling the same or granting leases at
premiums, reeervieg the pound route In perpetuity, or capi-
talising them, as hereafter may be determlued. The demon-
lion of the old betiding' on the Ira section of the laud ceded to
She Company is already in progress.
Applicant's= h.,e been received.tur leasing and purchasing
some of the buildings as soots as reconstructed, on terms an ex-
am of the estimates submitted to the Directom Theme esti-
mates, calculated, by Siguor Mew= and Mr. Marry, Duly upon
the Muds of the present rents, show a return of .106,M0 per
annum from the reconilrecied buildinp.
Owing to the probability that a large proportion of the capital
for OIL undertaking will be derived from the sale of the sew
buildings, ts le ditilcult to arrive at any precise calculatloo of the
Urge molts likely to mune to the Company ; but taking £106.000
a year merely from reutals ea • basis, end assenting the capital
to be rented, ae promised. In shame and debentures. the ultimate
dividend ou Sheehan capital may be fairly estinutted at it per
teas., and Mde from treenoth rent& • outtaktersble Increase on
this ratans may be looked for from the gradual sale of the Com-
pany sproperty and other Karel&
The osocession, plans, reports, and articles of association can
be inspected at sae Mime of Messrs. Itirchata. Dalrymple, brake,
and Co., 46, Parliamentetreet, Vinstmlutter.
Appiteations for shares are to be made la the amazed them,
and left with the bankers of the Company, upon payment of the
deposit of Al per share. If no allotment Is made to the appli-
cant the deposit will be Immediately returned without deduction,
and if a lees number of shares be allotted than Is applied for, the
deposit paid will, so far sli Decessery, be credited towards the pap
meat due on allotment.
men= hare been made with the Company for a re
ratiAror:Orore thousand shares for allotment to applicants who
are shareholders of the Credit Yonder and Mobilier of gogland
(Limited).
In consequence of Inquiries which have already been made, the
Directors have decided also to receive applications for allot-
earn= of theme tally paid up, not exceeding in the aggregate
omfourth part of the caps W, such shares to bear interest from
the date of payment.
Prospectuses aunt forms of application can be obtained at the
=noes of the Credit Foamier and Moirilier of liegland (Limited),
17 and It, Gorahlll, also of the brothers, of the brokers, and
of the Secretary of the Company.
January, WM

FORM OF APPLICATION FOR MARRA
To be retained by the bankers.
No.—
To the Directors of the City of Milan Improvements Company
(Limited).
Oentlemen,—liaving paid to your bankers. Mews. Ro-
berta, Lubbock, sad Co., the ram of 6 , being a deporit
of ti per share on shares to the above Company, I hereby
request that you will allot ml that number; and I agree to
accept such shares, or any leo number you may allot tu me, oaths
terrus of the proapectus, and I agree to qy the deposit on allot-
ment, and to sign the ankles of amocktion of the Company
when required. and I authorise you to insert my name on the
register of members for the number of shares allotted to me
Duval signature
Name In full

Resitboos
Preterits
Date

Or If fully paid up shares are required, on the
forte :

FORM or APPLICATION FOR MIT PAID CP 3UAR.
To be retained by the bankers.
No.
To the Duerstors of the City of Mil= improvements Company
(I.lmlted;.
Grotteassm—blevins paid to your buskin, Morn. Bober=
Lubbock. end Co.. Übe suer of C being a deposit of
Al per share on limns m the abort Company. I hereby
request that you will allot tee that number of fully paid ap
sham= and I wee to accept such =arm, sr any lees sober
yea may Mot to me, on the terms of the prospect= : and I epos
to psy She mama of each shores on allatiesals and So sldel the
sr*les of sasociation of the Company when required. and I
author= you to insert m name as the ragietar of maths=
for the number of shares a to me.
Usual stpastine
Nat= la

ncessiks
Date