The British Press; or, Morning Literary Advertiser.
London, England, 1825-03-08 00:00:00

ROPOSA LS for RAISING a SUM of MONEY for
_L FORMING a NEW STREET, from the NORTH END
of tae SOUTHWARK BRIDGE to the ROYAL EX-
CHANGE, to be called ÜBESHAIUBURY.
The utter inadequacy of the approaches 611 the Southwark Bridge
has prevented the greater portion of utility to the public which that
costly structure Fontises to afford, whenever a roper road to it
from the (;ity shall be obtained; until which time its means of
ready communication to the south side of the River can only be
available in a very limited degree.
To obtain this end it is proposed to apply to Parliament for
powers to make a New Street, to be called Greshambury, from the
Bridge to the Royal Exchange, of ample width for all the purposes
of iwtreased commerce.

This line is adapted because it leads directly to the Royal Ex-
chaagc, the Bolt, m fact to the centre of commerce, and to which
point many feeding streets are dirceted from the west and the
nokes ;sunlit' improvements shall at any time be made in those
ap es, then the New Street must be proportionably benefited.
line of the proposed Street unavoidably passes over valuable
properties, but escapes those of Cie greatest value, and fortunately
the lit,e most favourable in its direction and facility of mounting
the Mil which rises from the Bridge to the Mansion House, is also
that which will be least expensive in effecting the desired approach.
It is assumed, from actual surveys which have been made, that
the expense of the above site, and all the incidental charges, will
nor exceed the sum of 600,00 W., which it is proposed shall be an-
swered by an income arising from the following sources:-
Ist. From the erection of commercial and professional offices of
a character consistent with the important mercantile interests of the
City of London, and in such numbers as, considering the value of
this beneficial property, must produce ample remuneration.
thl. An income arising from the valuable ftontage afforded by
the proposed Street, should it be deemed advisable to let part of it
for the aceomniodation of Public Companies, and from which very
liberal returns would doubtless be obtained for this commanding
and central situation. . .

3d. A participation in the increase of the Southwark Britlge tolls,
pursuant to au arrangement made with that Company.
It is tlsertfote proposed to form a Joint Stock Coin- X. s. d.
party of Subscribers, in Shares of Two Hundred
Pounds eaeh, sod that the number of Shares shall
be Two Thousand Fire Hundred 500,000 0 0
Wait power to borrow tie further sum of One
Hundred Theueand Pounds, by negotiable
Donds or otherwise, W required

100,000 0 0

To be employed as follows:
Purchase of property and intteeou •
. Building - - .
o;ontingencies • •

MONO 0 0
510,000 0 0
130,000 0 0
100,000 0 0

A 600,000 0 0

tt is proposed that the buildings to be erected by the' Company
consist of chambers for commercial and professional pur-
..s, so arranged as to allow of being thrown together for large
:iblisliments, public institutions, &c. which at a fair average it is
..imputed will produce an agg•cgatc income of 30,0001. per annum,
independent of the participation in the increase of the bridge tolls,
and exclusive of the reversionary advantages hereafter explained.
Each Proprietor will be entitled to nominate one life for every
2001. subscribed, and three-fourths of the revenue will be set apart
to be divided annually amongst the surviving shareholders, until
the lives are reduced to the number of the buildings to be erected;
when each survivor shall possess one of them in perpetuity. The
appropriation to be determined by ballot. The nomination of lives
to take plate within three months from the opening of the Street.
The remainder of the revenue and the produce from the bridge tolls
will tam a distinct fund to be divided annually among the repre-
sentatives of the lives which shall drop, upon the principle of
the Amicable Sociciy, Sergeants Inn, thus combining the ad-
vantages of—
First—An increasing Life Annuity.
Secondly--A Policy of Assurance by an annual appropriation, to
be divided amongst the representatives of the deceased nominees of
the preceding year.
Thirdly—An Absolute Reversionary Interest in freehold estates
of more than halls million in value. .

A portion of shares is reserved for the owners and occupiers of
the property required for the New Street and contiguous thereto,
and the Proprietors of the Southwark liridge.
Applications for shams are to be it ado by letter, addressed to
Mears. Ravenhill and Crook Solicitors to the Company, No. 28,
Pooliry, lone plans and Sodas for the improyement may be in-
sputed, and Prospectuses obtained.