The Sun.
London, England, 1855-05-30 00:00:00

CONDITIONS OF THE CONCESSION.

The. concession of the Railway from Rome to Frascati has been
:rant oil by decrees of the Pqntiflcal Government. The duration of
the c catcession is 99 years. The Company has the power to continue
tke !tome and Frascati lint as far as the Neapolitan frontier.
The authorised tariffs are as follows :
For First-class passengers • • • • • 0.13 c. per kilometre.*
”. Second-class ••.... • • 0.10 If
„ Third.class „ .. • . 0.06 ft
. Goods, per ton „ • • .... . 0.40
gh as these tariffs appear, they are little more than one-half the
exisldng charges for conveyance.
TRAFFIC.

The directors have, by careful observation, ascertained the prob-
Wit amount of the traffic between Rome and Frascati, as well for
p assengers as for provisions and other merchandise.
These observations have been made at various times and at dif-
ferent points on the line. in order to secure correctness In the results ;
end they show a daily movem_ n t of 7,060 passengers (5,320 on foot,
'end 1,743 in vehicles), and 745 waggons load, d with agricultural pro-
duce for the supply of Rome, con:aining. at an average of 500 kilo-
grammes each, a total weight of about 372,500 kilogrammes or about
372 tons English.
Nor is there anything surprising In this amount of traffic Rome,
• t'ith its permanent population of 180,000 souls, and its floating but
regular population of 40,000 foreigners, poste.ses neither granaries,
gardens, flelds,.nor vineyards,. to supply its daily consumption. .No
p aces of retreat or amusement on its numerous holidays or fetes, at
a less distance than about 12 miles (20 kilometres) from its walls no
places, in fact, nearer than Monterotondo, Nemi, Ariecia, Castel
londolfo (the summer residence of the Pope), Albano, Gensano, Ma-
ino, Civita-Lavinia, Villerri, &c., all in the neighbourhood of Fras-
cati.

The'whole of this traffic of passengers and goods, including the
daily supplies of provisions for Rome, and the conveyance of visitors
to the above-named places. may fairly be expected to pass over the
railway from the day of its opening, to be, subsequently and largely
augmented when the transit to Naples shall be added,
Takfng the actual traffic as a basis. without doubling (as is usual)
the number of passengers, without rcc'toning on the increase of
traffic which time will as certainly bring ; admitting even a con-
siderable reduction of the estimate already made, adopting as the
general tariff that of the third-class passengers only, and reducing by
50 per cent. the goods tariff, we arrive at the following results :

Francs.

5,000 passengers a day (instead of 7,060) at six centimes ---
(third class tariff) over 20 kilometres (12 miles)
200 tons of goods a day (instead of 372 tons) at 1G centimes,
over 20 kilometres (the legal charge is 40c.)

Total 2,423,600
Deduct 50 per cent. for working expenses 1,211,800

Net 1,211,800
Or more than 15 pet" cent. on a capital ~f eight millions of franca.

FINANCIAL CONSTITUTION OF THE COMPANY.

The shares are issued to bearer on payment of the first 125 francs,
or 5L

fhe remaining 5/. per share will be called for in two instalments,
first, 2/. 10z., payable in two months after the opening of the line,
ind 2'. 103. in six months.

The shares bear an interest of fire per cent. until the completion
of the works.

The interest and dividends will be payable half-yearly at Rome,
Paris, and 7,ondon.

The annual general meetings of the shareholders will take place In
the courfe of the month of April.
It will be seen from the foregoing that this railway is brought be-
fore the public under circumstances of a novel and unusually favour-
able character.

let. The line will be completed and in operation within five months.

2d. No call will be-payable until two months after the opening

3d. Interest is guaranteed at 5 por cent. d ,ring construction .-and
at 7 per cent. with half surplus profits for the first three years after
the opening.
4th. The shareholders will have a preferential right to shares in
the Extensions, v 4 Melt will constitute this line one of the most im-
portant to the south of Europe.
Applications for shares, in the following form, to be made to the
brokers of the Company, Messrs. Field, Son, and Wood, Warnford-
court, City or to the offices of the Company, 28, Poultry, City :