The Sun.
London, England, 1864-04-08 00:00:00

THE INTERNATIONAL FINANCIAL
SOCIETY (Limited), and the ANGLO-AUSTRIAN
BANK, are prepared to receive Subscriptions for the Capital
of the L.141318E LiG-CZERNOWITZ RAILWAY cO.ll-
- (Limited).
Capital Li,' 50,000, in 63,500 shares of 42) each.
Under a Guarantee from •he Austrian Gcivernment, pro-
ducing a net minimum dividend of 7 per cent. per annum,
payable in silver.
Provision is made for payment by the contract-• r, Mr. Brassey,
of interest at 6 per cent. per annum during construction.
Deposit, Ll on application and L on a lotment ; a further
sum of £2 on the Ist of May, after which date no further
call will be made for six months.

COMMITTEE OF DIRECTORS,
Pending
ion, of the the coastir S ocieote AnutionCompany as , under the prvistononsyme
of the conces-
s a .
In England—
Somerset A. Beaumont. Esq., M.P. j Directors of the Anglo-
Frederick Eng&ha, dt, Esq. 5 Austrian Bank.
P. Brown-Westhead. Esq.,Deputy-Chairman of the
London and North-We, tern Railway.
In Austria
H. fT. Prince Leo Sapieha, President of the Carl-Ludwig
Railway.
Count Wlailmir Borkowski, Director of the Car -Ludwig
Railway.
Charles Klein, Esq., President of the Chamber of Comm.rce,
Vienna

BANKERS IN LONDON,
Messrs. Glyn, 11ti1 s, and Co., 67, Lombard-street, E.C.

BANKERS IN VIENNA.
The Anglo-Austrian Bank.
SOLICITORS.
Messrs. Bireham, Dalrymple. Drake, and Ward, Parliament
street.
BROKERS.
Messrs. Seymour and Co., 38, Throgmorton-street.
Messrs. Cazeuove and CP., Threadneedle-street.
TEMPORARY OFFICES.
64, Old Broad-street.

The great Trunk Railway from Vienna, in the direction of
the frontier of Moldavia, is at present complete as far as
Lemberg. The communication is effected by means of two
lines. The first being the Northern Railway, from Vienna
to Cracow; the second, the Carl-Ludwig ItaLway, front
Cracow to Lemberg.
The first of these. lines pays about 14 per cent. upon its
capital. The second was completed only at the end of 1861.
but, since its one. ing, has paid 8 per cent. upon its capital, and
consequently has never required to claim the guarantee of 5
per cent. accorded to it by the Austrian Governm: nt.
The present line is the continuation from Lemberg to
Czernowitz, near the Moldavian frontier. The concession has
been granted by the Austrian Government on terms un-
usually favourable to the company undertaking it.
The proposed railway, enter ng into the heart of the grain
and cattle-producing district whence the Car:-Ludwig ime
obtains its most important traffic, and being constructed at a
very considerably teas cost, promises to be more profitable
than its neighbour.
The continuance of the line through Mo davia to Galatz,
on the Danube 'for which a concession has recently been
granted by the Chambers of the Principalities), must neces-
sarily add lamely to the profits of the Lemberg-Czernovrit z
Railway, which will thus form an integral tart in an un-
broken and direct railway communication between the Baltic,
the German Ocean, and the Black Sea.
The concession, the duration of which is ninety years, sti-
pulates for the comment: ment of the works previous to the
tith January, 1[•65, and for their completion within three
years ; but provision is made for extension of these periods
in ca. e of political or financial crisis.
The Government guarantee a fixed sum of Ito,ooo in silver
money as a net annual revenue of the line.
,The sum thus guaranteed by the Government, after pro-
viding for the payment of interest at 5 per cent. on the
Bonds, and for an annual sinking fund, will leave a clear 7 per
cent. applicable to the share capital. The sinking fund will
be annually applied by lot to the redemption of the Bonds
and Shares at par. The proprietors of the Shares thus, from
time to time, redeemed will, for each share, receive a certifi-
cate entitling the bearer to a participation, during the re-
maining term of the concession, in all the profits of the Com-
pany exceeding 5 per cent. on the original capital.
A contract, which will be adopted by the Company, has
been entered into by the concessionaires with Mr. Brassey
for a sum of £2,450,000.
This contract provides for the construction of the rai way
in accordance with the terms of the concession, and for stock-
ing the same with riling stock. It includes all the preli-
minary expenses of acquiring the concession and forming
tee Company ; it makes provision for interest during con-
struction on paid•up capital at the rate of 6 per cent. per
annum ; and it covers an ample reserve for the expenses
of management until the railway shall be opened for public

traffic. -
The concession confers the requisite power to form a So-
ciete Anonyme with Shares to bearer, whereby the liability
of the subscriber will be limited to the amount of 25 per
cent of the nominal amount of their Shares.
The capital of the Societe Anonyme mill be £2,450,000; to
he issued, £11,20',0)0 in Bonds, and £1,250,00 in Shares of
£2O each.
The Bonds have already been taken.
Preparatory to the formation of the Societe Anonyme
(which cannot be definitively constituted according to Aus-
trian law until 25 per cent. of the share capital has been paid
up), the Lemberg-Czernowitz Railway Uompany has been
breed as a limited liability, company, the shares in which
a ill be exchanged for Shares of a like denomination in the
Societe Anonyme.
A copy of the lirticles of Association, of the concession, and
or the statutes under which it is proposed to constitute the
Societe Anonyme, can be inspected at the Offices of the Soli-
citors, 45, Parliament-street.
Applications for Shares must be made in the annexed
form, addressed to the Directors of the International Fin .n-
-clal society (Limited), and of the Anglo-Austrian Bank, but
no application will be considered, unless accompanied by the
receipt of Messrs. Glyn, Mills, and Co., or of t e Anglo-.Ans-
tri n Lank, Vienna, for £1 per Share on the number of
Shares applied for. This sum will be returned in the event
of the application not being acceded to, and,, if an allotment
is made, it will be applied towards the payment of £1 per
Share then due.

LEMBERG-CZERNOWITZ
ted)RA..ILWAY COMPANY
(Limi
FORM OF APPLICATION FOR SHARES.
To be leit wi h the Bankers.

No. -
To the Directors of the International Financial Society

(Limited), and of the Anglo-Austrian Bank.
Gentlemen,—Having paid to Messrs. Glyn, Mills, and CO.,
'
the sum of £ 'being £1 per Share on Shares,
of £2O each, which I request may be allotted to me in the
Lemberg-Czernowitz Railway Company ; Limited), and I
hereby agree to accept such Shares, or any less number, and
to become a member of the Company, and to have my name
placed on the Register of Members in respect of the Shares
allotted to me.
I am. Gentlemen, your obediedt servant,
Name in full
Address in full

1 Cte

e }r ~)t