The Express.
London, England, 1866-02-10 00:00:00

MON T CENLS RAILWAY COILPANY
(Limited).
Aire- m 0411229000, with power to borrow BOW on Bonds
bowleg 7 per oink foffionest.
Issue of share capital 4250.000, in 1;600 shams of 620 each.
RI payable on a &shoo ;El on allotment ; iodine in calls of
£4 at in of not less thanthrse months
Math= —The Duke of SUTEIBLAND,
CRAIAMAR-81r JAMBS ERICSON, G.C.B.
IiMUIROMS.
Thoe, Warm, Great Gewerge4tri•
Duke of Vallombros s, Canoes. bane*.
Lord Adair, lockatoniquiwir, LW.
far M. Polo. Bat , M.P., 9, Grad Oitignitrost, S.W.
fib. Robert Dam, Bart, 52, itatiandrgir.
Reheard Blount, Esq., 2, Rae de la pa
Ands Smith, Req., 67, Beigmvinsisliffd-
T. B. Crampton. RN, 12, Great Gl= LW.
W. B. Buddicom, • Pembeffir,
Alm. broaden, Req.. Utreistons.
John B. lell, Pi•, Spirit Bridge., Mionsions.
Mains. Bade. Payne, and MIAs. 1, lombardared, Lie
Vika Bank, LtrierpooL
Messrs. L Blount and Co., Pada.
The Credit Geneve* Geneva.
Mews. Plinth and On, Florence.
ffinuanza.-James Brentresi, Req.
801ffirfons—Mesars. Proshnelds and Bierman. 6, Ranh-building.
Lothbury.
lindth•—Mosara. Laurence, Son, and Pearce, Angsloourt,
Tbrogwortondreet, LC.
81£11MAIT —T. 8. Cutblll, Esq., 12, Gresham-street, B.C.
PROSPD7rI7B.
Concession, have been obt4ned from the Trench and Italian
governments for constructing and working a locomotive milway
over the Mont COWL
This railer., MIMI the Alps from St: Michael, in leavoy. to
Beim in
with distance
of of 48 miles, monecting Ilee rail.
treys of Pianos them Italy, thus completing the inst
Ink of • direst line of 1,406 rakes from Calais be the port of
Brindial, on the Adriatic, whereby an Improved route will be
ended from Frans. and England to Italy, Rapt, and the Bast,
• and a saving of two days effected in the transit of the Indian
seta
The Mont Cools Railway will be constructed on the existing
Imperial road, tha grant of a sufficient width of which, free of
eIkWIC 1= bees made by the two governments, and this grant
Mmouldered equal to a subvention of £200,000.
. working this line the centre rail system of Locomotives
will be adopted, the practicability of which has been proved by
• Irish mad as the Crawford and High Peak kallway, in
' inglend, and afterwards on the Mont Canis, where the s=
has rocontiy teen nehinittred to every variety of test
Oammisaions ef sneers appointed by the Inns* Italian,
Kei4Mßatan,and Austrian Gowen:Lauda
dm Royal Commieslons In their official reports have
concurred In expressing their conviction that the trials nude
• • the mountain ham railwayed Quo practicability and Wel
alt working the proposed over the Mont Canis. And the
somplete suedes of the system having thus been established,
the Covernmeute of Prance and Body leave pantd the emcee-
Mons for the railway, and the privileges for.
The English Commissioner, thin Tyler, &It, In his report
to the Board of Trade, publis end by order of the House of
Common', states that this scheme tor waselog the Mont (hula
dolly, his Ghat, practimble, both mechanically and eornmen
and the pump of the mountain may thus be effected.
not only with greater speed, certainty and movenience, but also
with greater safety than under the present arrangements.
The Intereet they feel in an entarprise of so great Importance
to Ragland, Prance, and Italy as well as to the future of rail-
way construction in all countries. has induced the Directors to
• lend their aid to this undertaking. They wish it to be known
that no contracts for works or supply of materlds have been
entered into, end that the works of the line will be executed
with a view to secure the bast conditions for the Company, and
She greatest possible economy.
After careful consideration of the estimates prepared by Mr.
Brimless, Ithe Directors have satisfied themselves that the coot
a the line will so; c.meed £576,000, or £B,OOO per mite, Including
rolling stock, mama of interest at 7 per cent. during construc-
tion, and preftinary est:teams.
In the estimates of working expenses, the Directors have made-
ample allowance to provide for all the special circumstances of
gradients, curves, and climate.
The gross revenue produced by the existing traffic on the red,
. ealnalating only the same annual lemmas as that of the past
years, and taking no account of the increase of traffic that Inc..
ridgy result, from the opening of a railway. will be sufficient,
attar paying working expenses and 7 par cent. interest on bonds
sad shares to nimbus.* both hood and share capital, and leave
a raft of 402000 at the cod of seven years.
The period for which the concessions are granted extends
Until the opening of the Great Tunnel ef the Sips which, taking
the most favourable view of the time required far its conth'e-
Mao, will glee at least seven years of working of the Mont
Oasis Railway, front which the following results may be ex-
Soled :
Revenue for seven years
Value of plant at end of seven pan 70,000

L 1,0114717
Working expenses AI 114.613
Interest at 7 per cent.
Capital paid off
785.063

Balm profit after paying the capital and interest £7.17,884
profits of the Company In each year are to be applied—
lat. In payment of interest on bonds.
Ind. I. payment of a dividend of 7 per mat. per annum upon
shares.
Std. For the purpose of creating " a Bead Redemption Fund."
4th. After the Bond Redemption Fund is completed, for the
purpose of creating " a Bonus Fund," to be applied in payment
of a bonus of £2O per share. After which payment the prefe-
rential dividend of 7 per cent. per annum will 001111 in respect
of inch share.
6th. One ball of the residue or surplus profits in each year
will be divided among the shareholders, and the other moiety will
Da paid to the concemionairea
It will be seen that the concessionaires receive no compensa.
Moo for the value of the concession which they transfer to the
tiompany until the reimbursement of the capital within the
Owen years, by annual instalments, as above, has been provided
• railway connecting Italy and a population of over 20 millions
ea the south, with France and a population of 40 millions on the
Borth of the Alps, between which countries there at present
Misa no other land communication than by diligence' and carts
("sledges, must have the effect of largely Increasing the traffic.
Seeing that tlw journey over the mountain would be made by the
pesearrer trains In 44 boon, Instead 01 10 to It hour; and
pl the goods trains in 8 hours In place of Bdays id at present.
There may also in addition. be expected the carriage of the
test overland Indian mail, and the pamengers travelling with it .
and considerable quantities of merchandise now conveyed
between Italy and Prince via Marseilles.
A further annual Increase of 10 per cost., due to the facilities
afforded by the rat/way, may therefore be assumed ; and the
remiss them accruing would give the shareholders • profit of 18
per test per annum on the capital employed, in addition to the
7. pa cast. received es Intereot on the dares until reimbursed.
Ater the above period, and for the remainder of the cones ion.
the profit' of the railway would consi t of the entire amount of
net earnin clear of all interest and capital charges.
Copies of thegs prospectus and forms of application for shares
sui7 be had of Messrs. Laurence, Son and Pearce, 7, Angel.court,
Throgroorton.street, and also of the Secretary, T. S. Cutbill,
IS. Oreanam-etreet, E C., where sopa@ of the enecessions
• report' el the government eassmissioneve may be men.

irPARKNTS and GUARDIANS. The
mann of youth to their respective boardiagochools induce
▪ sencitude few their personal comfort and attraction. and ZOO'
• WM' Witt:A.4BAR on for accelerating the growth and hot
Wring and beautifying the hair, lowlands' Ifalydor, for inv.
the skin and complexion, and removing cutaneous
and Rowland,: Odonto,or Pearl Dentifrice, for rendering
lbe teeth beautifully white and formerving the gumst are 'mule'
thrsd tedi.pensablie accompaniments. Sold by andn
cad 80N8.28 Hattou-garden, and by cols
perfunism.
teak for kowlinda' articles.

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