The Sun.
London, England, 1864-04-06 00:00:00

JOURNALS,

£157 10 0

Subscribers have the option of paying the insta'ments in
advan e, and will be allowed a discount of 6 per cent. per an-
num on such pre-payments.
After allotment Scrip Certifi 'ates will be issued to "bearer."
These Certificates will be exchanged for Bondi to " bearer"
on payment of the final instalment,
The early completion of the works of this great Railway
justifies the Company in making this additional issue of
Bonds, following the financial policy alopted at the outset,
of issuing securities to the publit, only after the actual pro-
gress of the Railway ha secured the necessary income for
providing the interest. There will remain only the Second
Mortgage of the Ohio division, to be disposed of hereafter,
when the total of the Bonded Debt will be only £6,000 per
mile.
Owns of appication may be obtained of the Bankers ; or
at the Offices of the Company.

. .
--
Offices of the Atlantic and Great Western Railway Company,
2, Old Broad-street, London, B.C.
March 23, 1861.

ATLANTIC AND GREAT WESTERN
RAILWAY.
Issue of Second Mortgage Bonds, payable In London.
NOTICE IS HEREBY GIVEN, That no Application for
these Bonds will be received after Four o'clock THIS
DAY, WEDNESDAY, the 6th inst.

By order.

2, Old Brcad-street, 6th April, 1861.

•
THE INTERNATIONAL FINANCIAL
SOCIETY (Limited), and the ANGLO-AUT RIAN
BANK, are prepared to re Tive Subscriptiuns for toe Capital
of the LE MBE ii.G-CZER,SONvirrz RAILWAY COM-
PANY (Limited).
Capital £l," 50,000, in 62,500 shares of £2) each.
Under a Guarantee from he Austrian Government, pro-
ducing a net minimum dividend of 7 per cent. per annum,
payable in silver.
Provision is made for payment by the contractnr, Mr. Brassey,
of interest at 6 per cent. per annum during construction.
Deposit, £1 on application and on alotment ; 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 the constitution, under the provisions of the conces-
sion, of the Company as a Societe Anonyme.
In England—
Somerset A. Beaumont. Esq., M.P. 1 Directors of th, Anglo-
Frederick Eng,e'ha, dt, Esq. j Austrian Bank.
J. P. Brown-Westhead Esq., M.P., Deputy-Chairman of the
London and North-We: tern Railway.
In Austria
IT. IT. Prince Leo Sapieha, President of the Carl-Ludwig
Railway.
Count 'Vladimir Borkowski, Director of the Car-Ludwig
Railway.
Charles Klein, Esq., President of the Chamber of Comm, rce,
Vienna.

BANKERS IN LONDON.
Messrs. Glyn, Mil s, and Co., 67, Lombard-street, E.C.
BANKERS IN VIENNA.
The Anglo-Austrian Bank.
SOLICITORS.
Messrs. Bireham, Dalrymple. Drake, and Ward, Parliament
street.

lIROICERS.
Messrs. Seymour and Co., SS, Throgmorton-street.
Messrs. Cazenove and Co., Threadneedle-street.
TEMPORARY OFFICES.
54, Old Broad-street.

The gnat Trunk Railway from Vienna, in the direction of
the frontier of Moldavia, is at present complete as far as
Lemberg.. e commun,cation is effected by means of two
lines. The first being te Nrthern Railway, f
Lrom V,enna
to Cracow ; the second, o the Carl-Ludwig Raway, from

Cracow to Lemberg,.
The first of these lines pays about 1r cen. upon
861. its
ita capital. The second was completed onl4 per cent. Upon its
capital. The second was completed only at the etnd of
and
1
but since its opening has paid 8 per cent. upon its capl,
consequently has never required to claim the guarantee of 5
per cent. accorded to it by the Austrian Government.
The present line is the continuation from Lemberg to
Czernowit z, 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 ..f the grain
and cattle-producing district whence the Car -Ludwig, ,e
obtains its most important traffic, and being onstru .ted at a
very considerably less 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 Pei cipaliti a), must neces-
sarily add largely to the profits of the Lemberg-Czernowii z
Railway, which will thus form an intenial i art in an un-
broken and direct railway communication between the Baltic,
the German Ocean, and the Black Sea.
ri he concession, the duration of which is ninety years, sti-
pulates for the comment ment of the works previous to the
Ith January, 1E65, and for their completion within three
years ; but provision is made for extension cf these period
in caqe ot political or financial crisis.
The Government guarantee a fixed sum of £150,000 in silver
money as a net annual revenue of the line.
The sum thus guaranteed by the Government, after pro-
vidin,c for the payment ot 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 sinki,.g fund will
be annually applied by lot to the redemption of the Bonds
and Shares at par. The proprietors of the Shares thus, front
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 cant. 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 r, lling 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 eery. 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 b' ar,,r, whereby the liability
of the subscriber will be limited to the amount of 23 per
cent of the nominal amount of their Shares.
The capital of the Societe Anonyme w ill be £2,450,000; to
be issued, £1,20:',0)0 in Bonds, and £1,250,010 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 Company has been
formed as a limite liabilit comany, the shares in which
will be exchanged d for Shares pof a like denomination in the
Societe Anonyme.
A copy of the &rticles 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, 46, Parliament•street.
Applications for Shares must be made in the annexed
form, addressed to the Directors of the International Fin ,n-
-clal si,cietv (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 ot t• e Anglo-Aus-
tri .n Bank, Vienna, for Li per Share on the number of
Shares applied for. This sum will be returned in t,e event
of the application not be;ng acceded to, and, if an allotment
is made, it will be applied towards the payment of £1 per
Share then due.

LEMBERG-CZERNOWITZ RAILWAY COMPANY
(Limited).
FORM OF AP
IePLICAT h he lON
Ba nker FOR SHARES.
To be ft wi ts.

No.
To the Directors of the International Financial Society
(Limited), and of the Anglo-Austrian Bank.
Gentiemen,—Having paid to Messrs. Glyn, Mills, and C 0.,,
the sum of £ being £1 per Share on Shares
of £2O each, which I request may be allotted to me in the
e
Lemberg-Czernowitz Railway Company (Limited), and
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 ......................
Aildress in full ................
Date L... f .......... •IJX.IIf •• 4 •