The Express.
London, England, 1865-03-01 00:00:00

TRZ IMPIRL% MRICANTILZ CREDIT ASSOCIATION
MIKITICID ARE AUTHORISED TO OAFS 10,000 SHARES
Ol THE VARNA RAILWAY COMPANY. ON THE TERMS
OF TER FOLLOWING PROSPICTUR :
THE VARNA RAILWAY COMPANY
(RUITCRUIL to VARNA;,
Oserlituted by Stades muter
the law of Turkey. with Limited
Coscetallotlig pan.
Share oseltal Lioo,ooo, In 45,000 shares to bearer of L2O each,
hearten a minimum interest of S per cent. par annum guaran-
teed by the Turkish Government
15.000 shares here been taken, 0,000 of which are under offer In
Turkey according to the terms of the eoccession.
Mee of issue of the shams it 12.
Deposit on application, Li , ditto en allotment. Lk
Calla not to exceed .C. 2 10e. per share, at interval' of not lees
than three months.
_

At this price of taus, sharelviideri wW receive SI per cent. per
annum, and interest will be allowed at the s►me rate on all pay.
meats. Shareholders may pay up in full.
The 'hazes will be redeemed at par by a slaking feed guaranteed
by the Turicieh government by anneal drainage, to commence
the year after the opening of the line, six, :
13,000 shares during the Ant 33 years. 10,000 daring the
10001141 33 years. 12,000 during the third 33 years. Total.

461.
The holder of each share drawn end paid off at effio, will receive
a dividend warrant entitling him to participate to all prorate
mimed by the Bailey In excess of the guaranteed interest
during the remaining teem of the coocesaion.
To estimate the advantages offered to the shareholders, in MI
althea to the minimum interest of 84 per cent., and the prefa
derived from the annual dewlap at par, it is necessary to state
that the railway is estheatedto yield from 10 to 12 per cent par
annum.= the entire capital invaded of 42,000,000 of this
amount, £1.100,000 has been provided by means of obligations at
the rate of n per cent. interest, and redeemable by the sinking
fund, likewise guaranteed by the Turkish government : the
entire profits above the to guarantee will, inconsequent*,
become divisible among the thereholden, representing a capital
of E9oo,ooo,and taking Into account the price at which the sharer
me isnot oath 1 peireset. of staging molt awned on the total
tea would (teethe shareholder an addition of nearly 4 per cent
ea the amount paid by him.
Mews. Pete, Betts, and Campton have contracted to construct
the railway and works. and provide rolling-stock, for a sum
widish will leave a sufficient margin In the hands of the Company
toper interest during construction, and to meet all contingen-
cies, thereby ensuring that under no circumstances shall the ex-
penditeremceed 42,000,000.
The Railway was commenced last June, and great progrem has
been made in all branches of the works. Fifty miles of
earthwork are ready for laying the rails, end the contractors
have made arrangements to open the entire line in the autumn,
16611. For this purpoweall the rails will be delivered this year.
DIR3OIO/18.
WILLIAM GLADSTONE, lip., Chairman.
IL Wollaaton Blake, req.
Charles gallon. Tag. London
henry McChlery, Tea
Maurice J. Pomo, Esq.
Moose. L. thwique.
„ F.Pasta
V. Tareelln-Monjet. Braude
CONSULTDIO Zieguraga-0. P. Bidder, Esq.
Lein—Wm McCaw:IBA, Fat.
COMTISM'S. —Mews. Peas, Betts, and Crampton.
Sothcrroae—Mehra Prettified' and Newman.
Bthiiith—Yeses. Roberta, Lubbock, and Co.
811011 TAIT—J. F. Wrath, MK.
Satins—Yeses. P. Cazenove and Co.
Offices-16, Angel-court, E.C.
This Railway will connect Rustchuk, on the banks of the
Danube, with Varna, the principal port is the Black sea, and
will traverse for the entire distance of about 138 English miles
mod populous diancts in the province of Bulge:la- This Previews
resat. yearly to the Turkish government a net revenue of about
one million earring, and provides Constantinople with cattle,
timber, 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 sea and land. It will form the shortest and most con-
venient route to and from the East. It will also provide the
sad most direct mesas of communication between the
cheeped
Vallac..hian Principalities and the countries of the upper
Danube and the Per. of Varna. The journey from leaden le
Constantinople will be accomplished in four and a half days.
The Bay of Varna is one of the best natural harbours In the
Black Sea, from whence there lea large exportation of gran and
other merchandise at all meson' of the year The Turkish go-
vernment are now negotiating with a company for the continua-
tion of a breakwater and quays within the bay. When these are
completed the harbour of Varna will he one of the finest In
Europe.
Already a pier has been constructed, extending into 16 feet
depth of water, where vessels of large tonnage may load and
deliver In connexion with the railway.
By means of the annual penmen guaranteed by the Turkish
ggoovernment, 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 favourable to the Company, at the expiration
of 00 years.
For further details, reference is made to the original arman,
conveatioo, colder des charges, plan redempt and other
official documents, which, with Ilona, are open forinspec-
lion at the Company's office.
Applications for shares to the annexed faros to be left with the
bankers upon payment of the deposit of el per share. If no
allotment is made the deposit wilt be returned In full, and if •
lies number of shares be allotted then bandied for, the deposit
will, so far as required, be applied towards the payment due on
ailotment.
Pew/actuate and forms of application for shares may be ob-
tained of the Secretary of the Imperial Mercantile Credit Mao-
dation (Limited% 96, Moho/agate-greet. of the Brokers, at No.
th, Threadneedle-street, or at the offices of the Company, 15,
Angel-come

PORK OF APPLICATION FOR MARIS.
To be retained by the Bankers.
No .
To the Directors of the Varna Railway Company.
Gentlemen.—Having paid to your bankers, Meson. Roberts.
Lubbock, and Co., the sum of , being a deposit of .k.l
per sbhyar e
request
that
you wrnshatrgt
mein t:he
hat number,
C. ompain agree
y, I
hereto accept such shares, or any lees number you may eliot to me,
on the terms of the prospectus, and I agree to pay the deposit
doe on allotment
Vaal signature
Name In full
leidseab
Prokaka
DIM

TER VARNA RAILWAY COMPANY.
1- NOT= IS HERZBY GIVIN, that In ecasequence of re-
presentations having been made to the Directors that the time
annotusced for receiving applications for shares was too limited,
the LAST DAY for APPLICATIONS ii 6XTBNDILD to TUBS-
DAY, the 7th March next, at { o'clock for Landon, and MID-
NZSDAY, the Bth March, at 12 o'clock, tar the country.
By order, J. Y. WALSH, Secretary.
London, Feb. (8 .1466.

BEDSTEADS, BEDDING, and BEDROOM
FURNITURIL—An ILLUSTRATE) CATALOGUE., with
prices 011,000 articles of BEDROOM FURNITURR. sent itres by
post) on application to FILMIER sad BONS. upholsterers, 31. 112,
S Berners-streM, Lowden, W.

101ARLOW'S PATENT CASK STAND, new
invention, so admirably contrived that • tull butt, as
well as smaller coats, may be raised or tilted on It without
labour or trouble. Its action is u impalpable that the sediment
Acme
most Auld by no possibility can be disturbed.
Price Pt, 1/n, 141., to mit 44, 9, and 18 gallon maks.
BARLOW'S SELF-AC NO SYPHON TAP.
No tent peg required. No more gat beer or sour wins.
Price da. Bd.; ditto.elentroplated, es—tpply direct to JAMII3
BARLOW, patentee. 14, Ling Mansion-bonne.
Gee that Ids name and address are on every article ; all °Meiners
spurious imitations. Sweetens pans. Established 1820.

FOX SMITH'S PURE COLZA OIL.
FOX SMITH'S MODERATOR LAMPS.
FOX SMITH'S SOAP, CANDLES, &c.
Best card iyormaritre=r ;teals.

FIELD'S odebrated UNIT= SERVICE SOAP
TABLETS, ed. end ed. cads, sold by Ell chandlers and
throughout the Idngdous ; but the public should ask
Carales, sad see that the name at I. C. and J. FIELD la
on each packet, box, and tablet. Wholesale and for importation
st the Wart 'UPPER MARSH, LAMBITH, LONDON, 8., when
also may be oa,
btained their Prise Weds' Yarafilne Csndles.

KEkTING'S COUGH LOZENGES are daily
recommended by the faculty—testintoslale from the most
eminent of whom may be inspected—as the most effectual, safe,
s , and convenient remedy for Cough and all MIMI.= Of
tLeetrings, Chest, and Throat. Sold in boxes, In. lid.: tine,
Pena., 4a. Id., and lls. each. T. %RATING, Metal* 79. St.
s Chtunhyard, London. Sold retail by all Druggists, &e.

LAITIIK—The LETTIJCE contains an
sooth active
principle the Latacine, which poserames all the ing
properness/ un without its dangers.—Mr. J077.A1J, rlllOO4l
0141111/111t. 49, Haymarket, prepares a Pyrup mid a PIM of Inane
(or lettuce), highly recommended by tae Medical Profession for
cold.. asthma, bronchitis, and affection& syrup, Pd.;
raft, la lid. and 2s. 3d. Me.all b 7 cheat
Pook *IL sad es. bd•

THE INVIGORATIVE NERVINE ESSENCE
The most scientifically prepared and moat powerful nutri-
tive cordial ever introduced ; restores to their normal condition
an the secretions, on the Integrity of which perfect health de-
=lt le • specific for debility of all kinds, and from its con-
among other Ingredients, pepsine and phosphate of soda,
will prove highly beneficial to the nervous and dyspeptic.
Peke ha per bottle, or four quantities in one for if a Sole
Agents, Weems. BaumgartenCo., 620, Oxford-Mae* W.C.,
and Ina. nescharch-strest, S.C.. London.

LAMBERT'S ASTHMATIC BALSAM,
ma effectual remedy without meaning the bowels or
iMockng the head, truly el.cacious end pimiento Is admitted to
he the best medicine for immediately relieving coughs, colds
mailinned came of anthem., and incipient consumption. It fre-
gen* cures persons whom the faculty pronounce 'mumble,
admirably allays the tickling which provokes frequent =
Is aggcosching consumption Is effects are trail
Perseus deprived of sleep, or even lying doers for fear of masa'.
teeprzsama depamd on rent La a few dental after taklag &
may sad sold by W. LAMBIZT. chemist, 8. YkILWIL-
112"Zegigl. insChlftesmg..ll. Be Wielder
sad far Lamberts o Bekaa The name sad address
me engraved co the stamp.

DB. CIILVERWELL On MARRIAGIC :
IY Obbabos, obibion, sod
Mob. Ms" ConaliO :
I. Goat Marikoroogliobosi. W., Looks.
CorooltaboOO iloar. OA MMus WA*, Iladdni,