The Sun.
London, England, 1855-01-06 00:00:00

With this view, applications have been made to all the principal
proprietors alonz the line, who have, without exception, declared
themselves favourable to the enterprise, and ready to afford facilities
for its construction. The plans have been finished, minute e4intates
of the cost have been made, and the line has been gone over and
examined by contractors of the highest respectability; and the pro-
moters have no doubt that the works will be undertaken by them
for a sum which, together with the purchase of land, rolling stock,
trelhninary expenses, and all other charges necessary for the com-
pletion of the undertaking, will certainly not exceed '200,0001., or
23,0001.. a mile, including bridges over the Nairn, Findhorn, and
Lossie. For this sum the Company will he in possession of a single
line of railway—double wherever this is necessary for its efficient
working—and with bridges built and land purchased for a double
line. And the promoters are in a position to state, that the contrac-
tors with whom they have been in communication will be prepared
to take payment of one-third of the cost of the works in stock.
The Engineering Works—from the level nature of the country,
and the light gravelly soil over which the line for the most part
passes—are of a simple character, and are certain to be completed
witnin the specified time.
Besides the large io,al traffic arising from the line passing through
the centre of the richly cultivated and populous county of Moray.
this Railway, when connected with the Great North of Scotland
Railway, now in progress of extension, will form part of the great
through communication from Inverness by Aberdeen to the south.
From the character of the country the line can never be exposed to
railway competition.

Through the Inverness and /Cairnlway—with the directors of
which the promoters of this undertaking; are in cordial ce-operation
—the line will be enabled to communicate with the Caledonian Canal
at Inverness, and thereby to establish a connection with the large
and rapidly-increasing traffic flowing along that great artery of corn-
mu.icati,il to and from the counties of Banff, Moray, and Nairn.
At its other extremity, the line will communicate with the Elgin and
Lossiemouth Railway, and the port of Lossiemouth. Besides these,
the Railway will receive the traffic of the several ports of Nairn,
Findhorn, and iturghead.
Careful observations or the traffic, made in 1845, with a view to a
Railway from Inverness to Elgin, showing a local revenue amply
sufficient to yield a liberal return upon a railway of a much more
expensive nature. Since that period, however, the wealth and
traffic of the district have been materially augmented, and are still
rapidly increasing. •
Taking the basis of the observations of 1545, the result will be as
follows :

Egtimated amount of local revenue £21,000 0 0
Deduct 40 per cent. for working expenses 8,400 0 0

£12,600 0 0
Of interest on 50,0004 borrowed

Leaving........

For division, on a called-up capital of 150,0001., or a dividend of 7
per cent. immediately after the opening of the line, with the cer-
tainty of a large eventual increase.
The undertaking, therefore, vresents these peculiar advantages:—
I. It will be completed and opened for working in two years from
Mt, passing of the act.
2. It will cost only 8,0101. a mile, for a single line, while thr
average co't of railways in Scotland, with a doable line of
rails, has been. 31,0001. a mile.
3. While the average return per mile per annum, In Scotland, has
been 2,01101., a sum of only 8501. per mile per annum, on
this Pne, will yield a dividend of 7 per cent.
4. The line, from its situation, secures in perpetuity the whole
through railway traffic passing northward of Elgin from
Aberdeen, and passing eastward of Nairn from the Western
and Northern liighlan,s.
5. The line will be worked in connection with the Inverness and
Nairn Railway, under efficient Parliamentary powers,
whereby the facilities of transit will be on the one hand
greatly increased, while on the ether hand the working es-
Pen,es will be greatly economised.
G... Lines of this charicter, constructed at a moderate cost, in the
north of Scotland, have proved highly remunerative, as in-
stanced in the Lossiemouth and Th.,eside Railways, recently
opened—both of which have returned dividends of 5 per
cent. on the first year's traffic.
7. The promoters are justified in stating that payment of one-
third of the cost of the works will be taken in stock, as a
guarantee for the due completion of the undertaking, and
in evidence of the conviction of its soundness as a commer-
cial enterprise.
Applications for Shares to be male, in the form annexed, to
Messrs G. and P. Anderson, solicitors, Inverness; Messrs Grant and
Leslie, solicitors, Elgin ; Mr Adam Davidson, town-clerk, Nairn ;
Mr Robert Urquhart, banker, and Mr William Sclanders. and Mr
John D. Davidson, solicitors, Forres ; Messrs. James Black and Co.,
sharebrAers, Aberdeen; Mr John Maciver. banker, Dingwall ; Mr
J. S. Taylor, sheriff-clerk, Cromarty ; Mr John Grant, writer,
Taira ; Mr William Miller, town-clerk, Wick ; Mr William Fleming,
hanker, Grantown ; Mr Donald Steer 'e, writer, Kingussie ; Mr Pa-
trick Duncan, sharebroker, I, Kirkgate, Perth ; James Black-
wood, sharebroker, iTanover-street, Edinhurgh ; Mr James Wat-
son, sharebroker, 32, qt. Vincent-place, Glasgow ; Messrs Drewry
and Richardson. sharebrokers, Newcastle-upon-Tyne ; Messrs
sVat.Bo7k and Co., sharehrokers, York ; 'Messrs Henry Davis and c. 0.,
sharebrokers. 5. Dale-stre,t, LivPrnsol ; Messrs Johns!one and Wal-
ker, sharebrokers, St. Ann's Church-yird, and Messrs Hayland,
Son, and Co., sharebrokers, Exchange-chambers, Bank-street, Man-
chester ; and Messrs Foster and Braithwaite, 65, Old Broad-street,
London.

FORM OF APPLICATION.

To the Provisional Committee of the Inverness and Elgin Sanction
Railway.

Gentlemen,—f request that you will allot me - Shares,
of 10/. each, in this undertaking, and I acree to accept the same, or
any smaller number that may be allotted to me, to pay the deposit
thereto', and sign the Parliamentary Contract and Subscribers' Agree-
meat, when required.
I am, Gentlemen,

Your obedient Servant,
Signature. •• •• •• ..... • T.•••••••••• •• ••
Full Christian and surname •• ••
Profession
Address
Date