The Express.
London, England, 1866-02-28 00:00:00

BITILDINO9 NOW ON 9ATALLNk ROLM

Many first-elan houses are already embed ; a magnifieent
hotel (now open), berths 140 TOMS : and the Imperial Club
(now in 00(12111 of oonatruction), of n-hie arnitestural elevation.
surrounded with terrace and gardens, all laid oat under the
government plan. There Is an extensive bathing establishment,
often frequented by more than 0.000 bathers daily.
This district will undergo a radical Improvement when Fort
It. Nisholas, which separates the Catalan property from the
entre of the town, shall have been demolished, a new port
eonstrueted, and additional streets made, so ea to render com-
plete the facilities for communication between the old and new
portions of the town.
The munictipality of the town of Marseilles Engage, al their
enurepenes, to thy down gas. make mmadamixed roads, and
esur • proper water supply for the houses.
There are in this quarter about four miles of streets from 40 to
60 feel in width, which have been recently opened and lighted
with gas; and the Boulevard la Corderte (72 feet in width and
lately opened for Uralic) forms a teontinuation of the splendid
promenade of the Pr do.
The district communicates with the Qua de Rive Native, the
centre of the old port and of the commerce of the town, by the
Boulevard de VEmpereur. All then important facts furnish
assurances of great success, and there can be no doubt that this
portion of the Company's properties will be sold at a prise which
will yield a very large profit.
THE PRADO PROPERTY.
The Prado Lands are near the Southern Railway Station. In
an
admirable position, and well adapted for the establishment of
warehouses, shops, dic.
With respect to the value and prospesta of then properties, a
report by Mr. P. Horde, the well-known engineer, of Marseilles,
anompantes this prospectus, giving ample details thereon.
AMOUNT AND PERIOD OP PAY MITTS.
The total amount of purchases Is ZR104,162 ; of this sum
"268,640 is payable by Instalments spread over various dates
and extending in part to • period of Oho
years, and only £65621
inmash, on taking over the estates, caution money Dein lodged
in the meantime for the due observance of the Company's en
gsgementa. It Is therefore expected that, with the aid of the
Company's borrowing powers, not more than Ale per share will
be required on those shares not fully paid up on allotment.
Thus, with a comparatively small amount of capital, the share-
holders have the advantage el profit derivable from dealing with
• very large extent ef property
JOLTITTZ PROPERTY RE-SOLD.
As evidence of the nine of the purchase& the Directors have
the satisfaction to announce that they have already concluded
arrangements with an Association of Builders at Maresines to
transfer to them one of the properties (the Joliette property)
et • profit of about ine,ooo,-such property and profits to be
paid for by annuities and sinking fund over • period of thirty
, with option on their part to pay for the whole at any
=during five years, with an obligation on the part of the
contractors to deposit • rum of four millions of franca (S 110.000)
se nation money, at fixed peried4 (the tint Instalment of whin
was paid on the execution of the contraet), and also to cover the
property with buildings within • period of are years at their own
OWL
The shareholders will have the benefit all this contrad, sad
from October, len will receive the become derivable from this
entree& via.. the difference between the anantlies to be paid
and reserved by the Own , and this meow joined to the ex-
isting revenue from the estate, se well so to the satin-
paled profit on further melee during that period, win, it is sett-
mated, not only enable the directors to continue the lament of
the interest at 10 par sent. per annum, but enable Mira to &-
stare periodical bonnie on the capital lolled up.
As to the Canaan rxreffeetn Metall Merl _to Hs
portitiem, the command hes of seilwd. the =lt
proem for eoneksetlaa el Wssaw port, tog Its mug

adaptability for the formation of streets, 'hens, laittnitt•t• Tinos
a large sad remunerative rehire may also he antleipated.
NITIMATED PROFIT ON CATALAN PROPERTY.
On referenes to Mr. Bords's report, it will be seen that when
the various Improvements which have been ingested ham been
completed. and the CataLn property fully developed, It Is eeN-
mated to yield s gross profit of upwards of cent per cent., and
this within a period of three years, although the estimates have
been based on the more ed of five , and that
when the Fort St. Nicholasettendis removed,and theyeam new port 0
plated, this profit will be trebled.
MINIMUM INTEREST, TIN PER CIDIT.
As the ant payments of annuities and sent under the amnia.
muds entered into with regard to the Joliette property do not
socumenee until the let October, larr, and bOOOlll9 IMAMS) only
ha the subsequent balt-year, viz., the Ist April, 11111, the dire
tore have deelJed be pay intermit at the rate of 10 per cent. per
annum for two years. from Iliffek. IMO, on the "spite' sailed up,
sad for whisk four Interest warrants will be attaehed to the
share certilleates at the time of Wee (which will be aliened to
land purchases esecent). After that date the revenue from the
Joliette lands, the rentals from the other properties, and profits
on farther sal's. will be applicable for dividend or bombes.
PAYMENT ON SHAWN IN FULL ALLOWED.
As Nome shareholders may prefer to pay up the shares in full.
*ther than have a larger number subject to rolls, application
may be made far 'hares to be fully paid-up on allotment. four
half-yearly Interest Warrants, at the rate of 10 per cont. per
annum, will likewise be attached to thaws share eertaleates. In
the allotment of therm preference will be given to these appli-
tattoos, but the number 90111106 W will not embed PO,OOO shares,
melon, dbectors reserve to themselves the right, in their
only to allot 60,000 shares in all on the present allot-
ment.
• portion of the shares will be allotted to applicants who are
abarehoiden
The Crediint Fourier and Mobtiler of England (Limited),
The Agra and ilastorman's Bank (Limited),
The National Bank,
The National Banker Liverpool (Limited).
To applicants from Marseilles and Pula
and the Misuse to the other portion el the general
for shares may be made in the annexed form,
witilVinsrl be essetapanled by the payment of Al per share
daps" without which no application will be "onside/ed.
Should a Ism number of shares be allotted than are applied for,
the deposit will, No far as required, be applied towards the pay-
ment due on allotment Should no allotment be made, the
amount paid will be at once returned without dednetion.
Copies of the architect's and engineer's reports on the lands par-
atmaed, end a map, their position, accompany the pro-
thedus, which, with forms of appiketiOn for Aires, may be bad
of the brokers sad solicitors also of the Agra and Ilmthrman's
Bank (Lbnited), t 6, Nioholsalane of the National Bank, Old
Bread
It,
London, and their branches the National Bank of
Liverpool, Liverpool and of the S •-•etary, at the Ofless ot the
Credit Fonder and Kabinet of England (limited), Noe. 17 and

COPT or IMO/UNDUE OF ANSOCLATION.
1. The name el the Otropany la "The Imperial land Company
of Marseilles (Limbed).
The registered ales of the Company is to be in England.
L The abbots for which the Is established ere:
(1) The soqulaition by rushee*, or otherwise, of lend
in and near the City of Marseilles. In the empire of hams, and
the improvement, by building or otherwise, of land so pur-
chased or acquired.
(I) The selling, Iseeing, transferring or otherwise disposing
or mortgaging of the lands, houses, and other buildings and
works erected. executed, or otherwise acquired by the Company,
in large or small portions or altogether, and either before or
after the same shall have been improved by building or othsnitte,
and on such tones es the Company shall think et.
improvement of buildings already sweated. either by
to etalar. completing, or altering the same, or by
s7slateg new houses sad builMnp.
(4) The Inverting of the capital of the Company in building
oq or °Oscines iseprovhsg, or adding to. the marketable value
of buds from tins to time acquired by the Company, and the
making, maintaining, and using all sash works as the Company
may think mosseary or expedient for any of the purposes of the
Company.
(I) The banwwing of mosey, end the lobe of transferable or
other bonds or mortgage debentures, or any other securities
founded or based open all or any of the real or personal awns
or credit of the Company.
OE The transacting and doing of all such matters and thing.
as shall be aonducive or Incidental to the above objects. or any
of them, Including the applying for and obtaining the incorpo-
ration of the Company to France.
4. The liability of the members is limited.
g. The capital of the Company Is 61,600,000, divided Into 60,000
shares a LSI sash.

PORN ON APPLICATION TOR swing
To be paid up by inetalments. To be loft with the Bankers.
No.
To the Direstose of the
Limited)
Imperial L. aid Company of Idarsellies
(
Gentlemen,—Having paid to your erodit with'
Bank, Uus awn of St , being the deposit of Ai per share
on shams In the above CAmpany, I toquest that you
will allot me shares of SW each in the Imperial Land
Company of Yareemr (Malted), and I hereby undertake to
accept the mate, or any smaller number which jos may allot to
me, and to pay the calls thereon ; and I apse to bosoms a
member of the Company, and request you to place my name on
the righter of members, in respell of the shares allotted to me.
I am, gentlemen, your obedient servant,
Name in full
Address in tell

Profession
Utast stipulate
Dego 1804
Or the following form for tally paid-up shares:

10111 01 sviiLicivios Pea efIAIMS.
lar shares $o be fully paid up on allotment. To be Me with the
Bankers.
No. --
To the Direeters of the Imperial Lend Compeer) of Marseilles
te).
Gentlemen,—llaving paid( toLlmi your &edit with'
Bank, the sum of I being the deposit of di per
share ca shares in the above Company, I request that
you will allot me alarm of LW each In the Imperial
Lend Company of Marseilles (Limited), and I hereby under-
take to accept the same, or any smaller number wide% you may
allot to me, and to pay the balance, Zip per share, thereon ; and
I agree so blames a member of the Company, and request you
to place my same on the register of members, in respect of the
shares allotted to mw I am, patlemeu,
Tear obedient servant

Name In hal
Address to .