The Sun.
London, England, 1864-04-05 00:00:00

COMMITTEE OF DIRECTORS,

Pending the constitution, under :he provisions of the conces-
sion, of the Company as a Societe Anonyme.
In England—
Somerset A. Beaumont. Esq., M.P. Directors of tin Anglo-
Frederick Engethivdt, Esq. j Austrian Bank.
I. P. Brown-Westhead. Esq., M.P., Deputy-Chairman of the
Loudon and North-Western Railway.

In Austria

fT. Prince Leo Sapieha, President of the Carl-Ludwig
Railway.
Count Wladimir 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. Blrcliam, Dalrymple. Drake, and Ward, Parliament•
street.
BROKERS.

Messrs. Seymour and Co., 38, Throgmorton-street.
Messrs. Cazenove and Co., Threadneedle-street.
TEMPORARY OFFICES.
54, Old Broad-street.

The great Trunk Railway from Vienna, in the direction o
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 Rai.way, from
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 opening 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 Government.
The present line is the continuation from Lemberg to
Czernowitz, near the Moldavian irontier. 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 Cari-Ludwig line
obtains its most important traffic, and being constructed 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 ifor which a concession has recently been
granted by the Chambers of the Principalities), must neces-
sarily add len ely to the profits of
anthe Lemberg-Czernowit z
Railway, which will thus form intezral cart 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 commencement of the works previous to the
tith January, 1£.65, and for their completion within three
years ; but provision is made for extension Lf these periods
in ca-e of political or financial crisis.
The Government guarantee a fixed sum of ZllO,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 wilt 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 ratway
in accordance with the terms of the concession, and for stock-
ing the same with r Bing stock. It includes all the prell-
minary expenses of acquiring; the concession and forming;
toe Company ; it makes provision for interest during con-
struction on paid up capital at the rate of 6 per eetv. per
annum ; and it covers an ample reserve for the expenses
of management the railway shall be opened for publio
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 w ill be £2,450,000; to
he issued, £1,20',0)0 in Bonds, and £1,250,0.0 in Shares of
£2O each.
The Bonds have already been taken.
Preparatory to the formation of the Societe Anonym°
(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 hao been
for,,ed as a limited liability company, the shares in which
pill be exchanged for Shares of a like denomination in the
Societe Anonyme.
A copy of the krticles of Association, of the concession, and
of 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-
elal s,ciety (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-Aus-
tri n Bank, 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 eded to, and, if an allotment
is made, it will be applied towards the payment ol .£1 per
Share then due.

LE MBERG-CZERNOITimiZ
ted) RAILWAY COMPANY
(L .
FORM OFo bAe
left wi h thPPLICATIONe Ba FOnkers.R HARES.
TS

No. ---
To the Directors of the International Financial Society
(Limited), and of the Anglo-Austrian Bank.
Gentleen,—Raving Bing £t
Messrs. Glyn, Mills, and Co.,
the sum of £ per Share on Shares,
Company ( Limited), and I
of £2O each, which I request may be allotted to me in the
Lemberg-Czernowitz Railway Comp
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,our obediedt servant,
ame in full
Address in full 111
Date 'spills