The Express.
London, England, 1866-02-26 00:00:00

OBJECT S OF ME COMPANY.
The Imperial Lend Company of Marseilles (which has been
nearly twelve mouths in course of oresalestion) is established
with a view of purchasing and acrintring land and property in
the hopoetant city of Marseilles, the refine of the same, and the
acquisition of (*merlons and privileges connected with the
development and Improvements of the city and port
Is furtherance of these objects, and after long and careful
Investlgatioa. various 'properties have been purchseed, in the
bet portions of the city, and where the moms of the improve•
minis gives assurance of profitable remits.
PROPZETIEB ACOITIRID.
The properties which the Company have acquired are as
follows :
1. The Jolette property, comprising about SALK'S' square feet
of building land, excladve of streets.
X. The Rue Imperial' property, consisting of about 98,030
I square feet.
I. The Catalans property, consisting of the Hotel, the Imperial
Club, Baths, homes, and building plots, In all about 2.100.01011
square feet
4. The Prado property, consisting of building plots of about
MAN square feet.
It will he seen, on reference to the map, that the Company's
wahines comprise the lands to the north of the town as well as
those to the 'oath, with a large extent of "'aboard: making a
total of shout 4,500.000 square feet

MARBRILLER. PROGRESS OP.
Mamalea, both In reputation and wealth the trt maritime
iffy is Prance, contains • deur population of more then
SWAN weak. Denis( the pest year 18,000 vessels, with • tee-
nage of upwards of 4000.000 tons, entered and left the harbour.
MemelHes commands the commerce of the Mediterranean, en-
grosses warty the whole trade with Algeria, and is the packet
station for the Peninsular and Oriental Stem Company, the
lienageries Imperialist, and other steam-packet companies
Irate( with all parts of the world. It possesses axamodloas
dull:tend warehouse, and, by railway, la in direct oesnainni-
cation with all parts of Prance.
The old harbour having been found Inadequate for the rapidly
enianAing commerce of the place. the New Harbour of La
Joliette, coveting en area of en acres, was constructed, and is
impotently crowded with shipping. It is surrounded by broad
quays, with stately buildings on the north side and 6 new town
Is rising rapidly In Its Immediate vicinity. Since 1880 three other
basins have been constructed. named Du Want, &Aetna, and
Napoleon, which will double the harbour scoommodstien et
Marseilles.
THE ininntors Trrrnzrr IN MARSTILL)III.
It is e ell known that his Majesty the Emperor of the French
take., deep interest to the welfare and presperity of Mannin o.
and the Dim tors have strong reasons to believe that his Majesty's
grbelone and special protection may be depended upon to aid any
*Muerte, having Bike the present Company) the object of
developing the resources of the city, and accordingly aPPliratinn
la blsatted forthwith to be made I,y the Munro to obetin the
vshonle soncessica far raring the Net E 4 Nicholas, and to
make the new Catalans Port.
RUN IMPERIAL&
By the censtrnetion of the Rue imperials. which is 80 feet
wide. and lined by Important buildings, a dirent enmenunication
has been effected between the Rae Canateere, the lichsallik
the Auden Bashi or Pitt Barbour, and the new banns or docks
above mentioned. This has aimed the demolition of large
blocks of houses densely occupied, which circumstance, toge-
ther with the merinos deficiency of house accommodation,
renders the construction of new buildings absolutely necessary
for commercial and residential purposes. and moles an eager
demand for vacant plots of bonding land.
PROPIRTY ACQUIRED.
In this quarter of the town. where the commercial require-
ments of the growing population are so great, the Company has
secured about 67 acres of freehold betiding land. exclusive of
strode, and this neer exceptionally favourable circumstances,
beth as respects situation and terms of payment
RUE IMPERIALL PROPERTY ACQUIRED.
More than 9d.001 gene feet of this lend are In the Roe
haperiale—the fined street In Marseilles. The remainder
Is situated in the Quell& de la Joliette, commencing at the
Port of La Joliette, and extending the whole length of the
decks, the Basin d'Artne. the Port Napoleon. and terreinatlag
at the Basin Racloub. These lands are traversed by streets from
40 to 60 feet wide, in coenection with the Rue Ineneriale by the
Boulevard Maritime, and are surrounded by an industrious and
thriving population.
TERM OP PURCHASE.
The lard will be handed over to the Company completely
levelled, with all the streets and footpaths paved. drainage com-
plete, gas laid on, and provision made for the supply of water to
the topmost denies.
As by the conditions of the treaty for the acquisition of the
Joliette Estate. %Is stipulated that six years should be given.
by which time the estate is to be covered with houses the op-
tins is reserved to the Company for the same period, during
which It may elect either to pay the purchase-money In one arm.
or to make an anneal payment of equal instalments, extending
over • period of thirty years, with a dud rate of interest and
sinking fund.
PROPLISOR DONALDPON*S REPORT.
Before the treaty for this portlou of the property was coon-
eluded the purchasers secured the stroll:mot Prof asor Donald-
son ;late Preeldent of the Institute of British Architects) to per-
sonally investigate the operations In progress at Marseilles, and
the character and value of the sites. A copy of his report
nioompantes the prospectus.
CATALANS PROPERTY ACQUIRED.
The Catania Properties are in the immediate neighboarhood
of the marine residence of the Emperor. and command a
frontage to the see of abort' • mite in length. They an
admirably attested both for badness premises and private villas.

RitiLDINGS NOW ON CATALANS ESTATE.
Many first-clam home., are already greeted : a maimilleent
hotel (now opens, having 140 rooms and the imperial Club
now In course of construction), of n U. architectural elevation.
surmended with ternve end garden., all bill ant under the
government plan. There lean extensive bathing establishment.
often frequented by more than 6,000 bathers tinily.
This district will undergo a radical improvement when Fore
St Nieholes, which separates the Catalan property front the
centre of the town, shall have been demolished, • new port
ennstrncted, and additional streets made, so as to render com-
plete the facilities foe communication between the old and new
portions of the town.
The men'cipelity of the town of Marseilles engage, at their
own erp-use. to lay down gas. mate macadamized roads, and
events a pruner water supply for the houses.
There are in this (merle/ about four miles of streets from 40 to
ISO feet in width, which have been recently opened and lidded
with gas and the 80/I'mM la Corderie (it feet In width and
lately opened for traffic) forms • continuation of the splendid
promenade of the Peed&
The district communicate* with the Qua! de Rive Neuron. the
centre of the old port, and of the commerce of the town, by the
paatesed de rumperenr. An these important facts furnish
assurances of great emcees, and there can be no doubt that this
portion of the Compeer* ProVerties will be sold at • price which
will yield a very lame 'wont.
THE PRAY* PROPERTY.
_ _ _

The Prado Lads are near the itontbers Ratlines !itatirs. n
ast
admirable parities, sad wen adapted toe the establishmest
warehouses, shops, Be.
With respect to the value and prospects et them properties. •
report by Mr. P. Bards. the Insittnoes engineer, et Marseilles.
aesompantes this prospectus. paring ample detail' thereon.
AMOUNT AND PItRIOD OP PAY MUT!.

The tetaiimeant of eairelneee Ii E3,115.1e37 ofthis min

£1t008,610 to Parable by l'oaiimenhi spread eve. mime dates
and ertendine p•rt to • period of "'years. and ouly datil,firt
in cash, 00 taking over the estates, caution money being lodged
In the meinntime for the due observance of the Company's es
gagernents. It I. therefore °greeted that. with the aid of the
Coanany's borrowbg powers. sot
folly than Cl° per share will
be required on those shares not paid un on allottne”t.
Thus, with a nonmaratively small amount of capital, the Aare-
holders have the advantage et profit derivable from dealing with
• very large extent et
JOUCTl'EtiCritifltTil EZ43OLD.
As evidence of the value of the purchase*, the Directors ham,
the satbfaction to annennee that they have already concluded
arrangements with an Association of Builders at Idareefiles to
runnier to the one of tim properties (the Joliette peepertY)
at a profit of about UM 000. such property and profits to be
paid for by annuities and sinking fond over • period of thirty
with option on their part to pay far the whole at any
traduring five years, with as obligation on the part of the
costraatere to deposit • sum of four millions of francs (tlen000)
as audio% money, at fixed period. (the fin* instalment et which
was paid an tbe OIPIMUOI of the contract). and also to cover the
fironerty with buildings within a naad iof rive years at their owe
sort.
The shareholders will bays the benefit of thin contract, and
from October, 11117, will receive the Income derivable tier this
warner vb. the difference between tve annuities to he paid
and rapidyed by the noes , and this Income joined to the ex-
Wing revenue from the estate. so well as to the ant
pated profit on further =lee during that period, will, it le esti-
mated, not only eatible the directors robotns the payment ot
the interest at 10 per rent Too sne. nable them to do-
tter* periodical bonuses on the cawital celled up.
As to the Catalan PrePartY. haring regard to its loillorbst
padtion. the estermand it tea al the sea board the factlittes It
presents fee sonstruction at teas acrw park and lb pinata&