The Express.
London, England, 1865-02-07 00:00:00

NNW 00NPA31O.

A very important undertaking is announced
under the title of the Metropolitan District
'Railways. Its value to the London public,
as likely to facilitate business locomotion, and to re-
lieve the tree., of the main streets be metro-
polis, will be seen when we state that it is
proposed to ran a line from the existing Metropoli-
tan and West London Railways at Kensington,
through the heart of Bromptou and Pimlioo, by
the Victoria station and the liousee of Parliameet,
along the new Thames Embankment, parallel to
the Strand and Fleet-street, to a station in Cannon-
' street, City, and that ultimately the line is to be
continued to a junction with the Metropolitan Rail-
way at Trinity-squarg Tower-hill, with interme-
diatestations at King William-street and Mark-lane;
thus completing, with the western junction at Ken-
sington, the railway known as the Inner Circle."
It is justly remarked that "the traffic on this line,
as is clearly proved by the working of the existing
Metropolitan Railway, will be limited only by the
number of trains which it is possible to run." ' The
Metropolitan Railway paying already 7 per cent,
and standing' at nearly 30 per oeut. premium in
the market, the present project evidently holds out
induceuieuts of au unusual character, and the ques-
tion thus becomes the more important as to whether
the coot of construction can be assured within
moderate limits. Upon this point it is mentioned
that :
The directors are able to give the most satisfactory wan-
ranoes. A guarantee mistreat with the Sims of Pete and
Betts, &ilk, and Wariag Brothers, secures the corker
tion of the works for a fixed stun, which includes inter* IS
5 per cent. per annum au all capital paid up during eon-
structioa, and on shame paid-up In advance at 6 per coat.
Lord Stanley's award determines the amount to be paid
to the Metropolitan Board, far permismion to carry the
railway along the New Thames Embackmeet, from West-
minster-bridge to Blaakfrian, which would otherwise have
been the most costly part of the undertaking, and provi-
sional agreements have been entered into with many of the
principal owners of laud and house property, for the re-
mainder of the liar, which enables the directors to dads*
its oast within unusually narrow limits. The directors
therefore feel oceadent that the New Metropolitan RaiL
way, of six miles, from Kea/intro to Cannon street, wil
not cost mole per mile, including interest during oonstruo.
Mon, than the existing Metropolitan Railway from Padding.
ton to Finsburpeinins.
The capital it 3,600,0001., with a first issue of
2,250,0001. iu 22,500 Provisional Scrip Certificate.
to bearer of 1001. each, of which 31. is to be paid
on application, and 71. on allotment. It is an im-
portant feature of the project that it has already
been sanctioned by parliament. The direction is
influential, and comprises amongst others the
chairman and three directors of the Metropolitan
Railway. The Earl of Devon is chairman.
The prospectus of " Cleaver's Patent Portland
Cement and Suffolk Brick Company (Limited)" is
issued, with a proposed capital of 60,0001., in
12,000 shares of 51. each. The object is to manu-
facture cement of superior and uniform quality at
some eligible works which have been taken near
Great Yarmouth, comprising river aide front/we,
together with 14 acres of land. The prospectus
states that, "as at present conducted, the works
yield a net profit of 20 per cent." It appears that
the French government have offered to the company
a contract, extending over seven years, for 2,000
tons per month, and that other foreign powers have
made similar oilers.