The Sun.
London, England, 1864-03-08 00:00:00

ABRIDGED PROSPECTUS.

This Company is formed with the object Of carrying on
the business of Iron Shipbuilders, at Ramsey, in the Isle
of Man.

Forms of application for Shares may be obtained from the
Brokers and Solicitors, and also at the Temporary Offices
of the Company.

NOTICE IS HEREBY GIVEN, That WEDNES-
DAY, the 9th day of March instant, is the last day upon
which applications for Shares may be made.
By Order.
41NO. M. WHAMOND, Secy. (pro tem.)
4 and 5, Brown's buildings, Liverpool,
March 1, 1864.

THE ISLE of MAN RAILWAY COMPANY
(Limited)—DOUGLAS to PEEL.
Capital £lOO,OOO, in 10,000 shares of £lO each, with usual
borrowing powers. Deposit £1 per share on application,
further payment on allotment £1 108. per share.
DIRECTORS.
Samuel Gibson Getty, Esq., M.P. Belfast.
William M'Cormick, Esq., M,11)., Londonderry, and
Regent's-park, London.
Richard A. Mould, Esq., Merchant, Liverpool.
T. Harrison Ridley, Esq., Merchant, Liverpool,
Joseph Rigby, Esq., Kew, Surrey.
With power to add to their number.
BANKERS.
The North and South Wales Bank, Liverpool.
Messrs. Dumbell, Son, and Howard, Douglas.
ENGINEER.
G. W. Hemans, Esq., C.E., 13, Queen-square,Westminster.

SOLICITORS.
Messrs. Littledale, Ridley, and Bardswell, Brown's. build
lugs Liverpool,
Samuel Harris, Ebq., Douglas.

AUDITOR.

Thomas W, Read, Esq., 30. Castle-street, Liverpool.
SECRETARY.
Thomas Begot, Esq , 5, James-street, Liverpool.
BROKERS.
P. B. Drinkwater, Esq , 32, Exchange st. East, Liverpool.
Charles Stanley, Esq., 3, Throgmorton street, London.
Edward Ashworth, Esq., Exchange-chambers, Manchester.
M. J. Beverb y, Esq., Leeds-
This Company has been formed for the construction of a
Railway from Douglas to Peel (passing through St. John's),
in the Isle of Man. The improved trade of these important
towns, as well as the prosperous condition and increasing
population of the island, and the rapid augmentation of the
number of visitors during late years, call for the immediate
introduction of railways.
The Agricultural capabilities of the Island are great; and
its Mineral products are acknowledged' to be rich in yield
and ay.)ve average value ; whilst around the Coast there
are extensive Fisheries, and an unlimited supply of Sea-
weed for Manure. The expense and trouble, however, of
land-carriage, have hitherto rendered these advantages com-
paratively unavailable.
Slate Quarries are in active operation; and the quality
of the Slate is equal in closeness of grain and durability to
any produced from the great Welsh quarries. The Granite
near St. John's compares favourably with that now used in
the Liverpool Dock Works, and would at once, by means of
railway facilities, become available for export.
Ono of the proposed Stations on the line will be at St.
John's, where the Courts of Tynwald meet, and which is
also the centre of the Foxdale mining district. The produce
of these mines is now brcught by land-carriage (there being
no water communication) to Douglas, a distance of nearly
ten miles, whilst Coals and other important materials, as
well as all necessaries required by the inland population,
are conveyed into the interior by the same mode. Besides
these items of traffic, the Fairs, which are frequently held
during the year in this district, must add considerably to
the annual revenue of the Company.
The principal towns are Douglas, Peel, Castletown,
Ramsey, and Laxey : Douglas being the chief port, and the
great commercial depot, as well as the principal place of
arrival and departure of the steam packets plying to and
from the Island. At the port of Peel the fisheries are prin-
cipally conducted, employing upwards of 1,000 vessels;
the place of destination for the produce is Douglas ; the
route is tedious, and the transit by the existing means ex-
pensive.
Tice access to the Island is easy, and the means of com-
munication with Liverpool, Fleetwood, Whitehaven,
Silloth, Glasgow, Belfast, Dublin, and other ports, both by
sailing and steam vessels, are frequent and convenient.
Hence, Tourists visit the Island in large numbers, above
100,000 passengers having been landed at its Ports during
the past year. Such Visitors, attracted by the antiquarian
relics, scenery, and other objects of interest, would, as a
matter of course, go by the proposed Railway from Douglas
to the interior, and across the Island to Peel.
The highest medical authorities bear testimony to the
salubrity of the climate and purity of the water. The
picturesque is united with the more solid advantage of cheap
living, provisions being abundant and comparatively inex-
pensive, whilst the rates of duties on foreign produce are so
small as to render the Island most advantageous as a per-
manent place of residence.
Her Majesty's Government and the Local Authorities are
now expending upwards of £60,000, for the improvement of
the Ports of Douglas and Peel.
The Electric Telegraph to England has been recently
established.
The Lines of Rail will be single, with requisite sidings.
The length of Line will be about twelve miler, and the
gradients easy throughout. The landowners and popula-
tion along it are most favourable to the project.
From Statistics recently collected on the spot, with much
care, by competent persons, and well supported by Official
Returns, it is confidently expected that the Traffic win re-
turn a good Dividend upon the Invested Capital, The fol-
lowing is an Estimate of the Traffic :
Passengers, inclusive of Tourists £7,500 per annum.
Goods, Minerals, Fish, &c 6,600
Parcels and Mails

,150
Working Expenses at even 50 per Cent. Xl3
6,600

Leaving for Dividend

Plans, SectionE, &c., of the Line are completed, and all
necessary forms are being complied with, in accordance with
the Stt riding Orders of the Court of Tynwald to obtain an
Act of the Local Parliament.
Neither Imperial or Local Taxes are levied in the Island,
and those heavy charges which tend so much to reduce the
value of Railway property in England and other countries,
no less than to diminish the Shareholders' Dividends, can-
not, in any degree whatever, prevail with respect to this
Lino.

An eminent Contractor's firm have agreed to purchase
the land, make the Railway, provide and fit up all Stations,
furnish Rolling Stock for working the Line, and Telegraphs,
upon satisfactory terms. Interest at 5 per cent. per Annum
Will be allowed, until the opening of the Line, on the amount
paid upon shares.
An advantageous arrangement can be made with respon-
81b15 parties to Lease the Line for 7. 14, or 21 years.
Forms of Application for Shares may be obtained from
the Secretary, Solicitors, or Brokers of the Company.

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