The Express.
London, England, 1866-03-05 00:00:00

PROTIMOR pOIiALDSON:SREPORT,

Before the treaty ioetl;l;portiostOf the fro arty wee eon-
eluded the parchasers seemed the services of Professor Donald-
son (late President of the institute of British Arebltects) to per-
sonally Investigate the operations In progress at Marseilles, and
the character end value of the like. • oopy a his report
accompanies the prospectus.
CATALANS PROPERTY ACQUIRED.
. . . -

The Catala;;Properttes are In the Immediate neighbourhood
of the marine realdeom of the Emperor, and sommand a
frontage to the ma of shoat a mile In length. They are
admirably situated both for baldness premises and private villa&
BUILDINGS NOW ON CATALANS IiSTATE
.. .

Many first-clue Wises arew steady erected : a magnifithat
hotel (now open). having 140 rooms; and the Imperial Club
(now in coarse of construction), of n ble arehlteetural elevation,
surrounded with terrace and gardens, all laid out under the
government plan. There Is an extensive bathing establishment,
often frequented by more than 6,000 bathers deny.
This thstriet will undergo a radical improvement when Fort
St Illeholra, which separates the Catalan property from the
centre of the town, shall have been demolished, • new port
sonstnicted, and additional streets made, so as to render com-
plete the facilities for communication between the old and new
portions of the town.
The manolpality of the town et Marseilles engage, at their
own expense, to lay down gas, sake maeadernized roads, and
ensure a proper water supply for the houses.
There are In this .rearter about roar miles of attests from 40 to
60 feet In width, which have ben recently opened and lighted
with gas ; and the Boulevard la Corder. (72 feet in width and
lately opened for traffic) forms • continuation of the splendid
promenaded the Prado.
The district COMMllllloiille with the Qua! de Rive Weave, the
centre of the old port and of the commerce of the town, by the
Boulevard de TEmperenr. All these important facts furnish
assurances of great success, and there can be no doubt that this
portion of the Company. properties will be sold at • price which
will yield a very large profit.
THE PRA DO PROPERTY.
The Peed° lends are near the Southern Railway Stati.n. in am
' admirable portion, and well adapted for the establishment of
warehouses, shops, be
With respect to the value and prospects of there properties, a
report by Mr. P. Bard*, the well-known engineer, of Marseilles,
aseompanies this prospectus, giving ample details
ERIOD OP PAYMENT& thereon.
Amon.rr ANDP
The total amount of purchases is AMA. ; of this sum
/11,068,640 b ma.e by instelments spread over various dates
and extending In p to • period of 6 l years, and only £666,168.
in faith, on taking over the estates, caution money being lodged
In the meantime for the due observance of the Company's en
eagements. It IA therefore erpeeted that, with the aid of the
Company's borrowing powers, not more than 410 per share will
be required on those shares not fully paid ap on allotment.
Thus, with a comparatively profitmount of from
the share-
holders have the advantage o derivable from dealing with
a very large extent ef property
JOLTITTE PROPERTY RE-SOLD.
is evidence of the mane of the purchases, the Directors have
the satisfaction to announce that they have already concluded
meets with en Associatthe of Builders at Marseilles to =Tr to them one of the properties (the Joliette property)
at a profit of about MAO" smelt property and profits to be
• paid for by annuities and sinking toed over a period of thirty
with option cm their part to pep for the whole at any
• =during Iva yeare, with on obligation on the pert of the
contractors to deposit a sac of fora millions of trance (4100000)
: as mutton 10•007, at Axed period. (the Sr. Instalment of width
was paid on the athention of ...tract), and abo to cover the
property with buildings with a period of live years at their own
sost.
I The shareholders wffl have the benefit of this ceetrast, and
from October. 1107, will melte the Income derivable from this
1 goetract, viz., ttts difference between the annuities to be paid
I end received by the and this tlll4OlllO joined to the ex-
Whig reveres tan the raie estate, as well as to the anti.-
, pated profft on further sales during that, period, will, it is esti-
, mated, not Oily enable the dimetoes to continue the payment of
the interest at 10 per sent. per annem, bet suable them to &-
boneses on tae
.etal tolled up.
Aa the Wale. ProPwrth WIDE te its
4. pedUaa. ote command tt has at the ssabossd, the =Van
' peessato lee ecabtraetiali tel the ant park awl lb semai