The Sun.
London, England, 1863-06-03 00:00:00

FORT OF APPLICATION FOR SHARES.

To the Directors of the English and Russian Bank (Liniited).
Gentlemen,—l request you to allot me shares in
the English and Russian Bank (Limited), and I hereby agree
to acoept such shares, or any less number that may be allotted
to me, and I request you to place my name on the Register of
Shareholders in respect of the shares allotted me. on the
understanding that I come under no liability, for preliminary
expenses or otherwise, until the Court of Directors has been
formed and the shares duly allotted.

I am, Gentlemen, your obedient servant,
Name in full
Address in full
Reference
Date

THE DUNABURG and WITEPSK RAIL-
WAY COMPANY (Limited).
Incorporated with Li
ompaniesmited LiabilitylB62. under the Joint-stock
C Act,

The Line to be constructed under a concession granted by
his Imperial Majesty the Emperor of Russia, dated 19th
March, 0.5., 1863
-Nominal Capital, fixed by the concession, £2,600,000.
On which the Russian Government guarantees an annual
interest of £5 per cent, amounting to £130,000 in sterling
money, for 85 years, and an additional 1-12th per cent. to
redeem the capital at par in 85 years, by annual drawings,
commencing the first year after the completion of the line,
The above capital will be issued in 26,000 shares of £lOO
each, bearing a minimum interest of £5 per share, which, on
an outlay of £B3 per share, amounts to a fraction above 6 per
cent, Interest on the calls, at the rate of 6 per cent, per
annum, will also be paid during construction.
Deposit, £5 per share on applicatun, and £5 on allotment.
One-third of the capital has been taken by the Concession..
aires.

DIRECTORS IN LONDON.
H. L. Bischoffsheim, Esq. (Messrs. Bischoffsheim and Gold-
schmidt).
Geo.J. Goschen, Esq., M.P. (Messrs. Fruhling and Goschen).
William Miller, Esq., M.P. (Messrs. William Miller and
Co. St. Petersburg).
T. A. Mitchell,'Esq., M.P. (Messrs. Mitchell, Yeames, and
Co).
Jervoise Smith, Esq. (Messrs. Smith, Payne, and Smiths).
DIRECTORS IN RUSSIA.
His Excellency de Cube, Vice-Governor of the Province of
Livonia.
James Armitstead, Esq. (Messrs. Mitchell and Co., Riga).
James Menry Hill, Esq, (Messrs. Hill Brothers, Riga).
BANKERS.
Messrs. Smith, Payne, and Smith.
SOLICITORS.
Messrs. Freshfields and Newman.
CONSULTING ENGISTEEIL
John Hawkshaw, Esq.
RESIDENT 14:NGINEER.
Morgan Williams, Esq.
AUDITORS.
Messrs. Coleman, Turquand, and Co,
SECRETARY, pro tem.
Mr. W. H. Trumpler.
OFFICES.
21. Throgmorton-street, E.C.
This Railway, of the length of 161 Engli 41 miles, will con-
nect Dunaburg, the terminus of the Riga and Dunaburg
Railway, with Witepsk. The Line passes through one of the
most productive districts of Russia, furnishing a large pro-
pm- ion of the exports from. Riga ; and, in facilitating the
transport of produce of the rich and wheat. growing pro-
vinces of Smolensk, Mohilew, hursk, and Orel, will prove of
the greatest importance both to England and Russia.
In consequence of the absolute impossibility of forwarding
goods at certain seasons of the year, and the very heavy
charges at all times, a great part of the produce of these lat-
ter provinces has hitherto been almost lost to exportation, or
available only in seasons when the markets of Western
Europe were approaching famine prices. The transport of
the colonial and foreign produce required in this part of the
interior, effected hitherto, to a great extent, at heavy charges
from St. Petersburg, will be carried on by means of this Rail-
way from Riga to Witepsk direct, and be thence distributed.
There will also be a considerable passenger traffic, as the
above-named provinces are amongst the most populous of
the empire. This Railway will be the only convenient and
expeditious route for the inhabitants both to St. Petersburg
and Western Europe.
The Russian. Government, attributing special importance
to the early construction of this line, has granted a conces-
sion of the most favourable character, embracing privileges
never before obtained.

Among the distinguishing features of the concession are
he following :

Ist. The anpany is ft; be constituted according to English
law, with the Board of Direction in London, and an Agency
of three Directors in Riga.

2d. The Government guarantees the interest in sterling
money, not, as in previous cases, in roubles.
3d. The Government a so guarantees an additional sum
payable hall yearly, on the capital of £2,600,000, sufficient to
redeem the whole capital at par in 85 years.
4th. Both the interest and the sinking fund are payable
half-yearly at fixed dates.
sth. The net receipts of the line are applicable in relief of
the Government Guarantee ; but the Company is authorised,
in priority, to set apart 10 per cent. of such net receipts, to
the extent of £lOO,OOO to form a reserve fund against contin-
gencies.
6th. The shareholders are entitled to all net profits of the
line, up to 6 per cent., on the nominal capital of £2,600,000.
They are further entitled to one-hall of all urther profits,
over and above the 6 per cent., until the Government is re-
imbursed the moneys which it may have paid in respect ofthe
guaranteed interest beyond the net earnings of the line;
after which reimbursement, the shareholders are entitled to
the whole of the net profits, whatever they may be.
A contract for the execution of the line of railway ley the
30th November, 1867, with all necessary stations, buildings,
and works, and for the supply of rolling stock, according to
the specifications and requirements of the Government, has
been entered into by the concessionaires with Messrs. Peto
and Betts, under the superintendence and with the approval
of Mr. Hawkshaw, the eminent civil engineer, for a sum of
£1.755,915. An arrangement has also been concluded, by
which that contract, together with the concession. is to be
made ever to the Company for the sum of £lB,OOO, which stun
covers all preliminary expenses incurred in Russia and in
England, in connexion both with the concession and the
caution money of £130,000.
By these arrangements the cost of the undertaking, as
shown by the subjoined statement, has been brought within
a sum of £2,143.e15.

The Contra& yiithidessrs.Peto and Betta for the

entire construction, including Rolling Stocir,
amounts to ---.. O , £1,75:),915
The Engineering and Inspection of the Line
during, the whule period of construction, Dicta-
ding,the costs of the Preliminary Surveys, &c.,
_ has been contracted for at a sum 0f.....

73,700

, .
Interest during construction, which will be paid
at the rate of 6 per cent., is calculated at about 196,000
Competent persons at Riga have offered to con-
tract for the purchase of the land necessary for
the Railway (the Crown Lands being assigned
gratuitously) at ....
The line is to be completed and read_y for traffic
within 44 years from this time. The cost of
Offices, expenses in London, Riga. and Duna-
burg, together with the remuneration of the
DlimiireucatorryseixnpLenonsedso,n and Riga, is estimated for
the above period at...
Price paid for the Concession, Contracts, and pre- 30,000
Brokerage and incidentalincidental expenses, say •••• " • '

18,010
6,000

auFarroariantLheolabxove statement it will be seen that thZe2,
annual
tund and of th%Per 143,615
will yield, on :3°,000,
large aura, and Pili°al. accorded by the Russian Government,
he above outlay of .£2,143,615, a net reveune
at the rate of cent. independently of the amortisation
ts of the line, which are estimated at a
£B3 per share.
elation to e Deb:nturaete
the amount required will not exceed
It is
issueated to t
rate as will aliord a further
by which it is anticipated that tinmade with the Contractors,
1 Irtion of the line will be
'6, from which source a
opened by the 30th Novemberi;atte3
paid oyffeara:t par by annual draw-
thesaving d £40,000 may be antics
item of "interest during constructiodet° the Company on the
Concession re_
The Share Capital will be
lugs which will commence one
in
themTheisgi-
line. t the opening of
For further details as to the terms of the
extracttnar of the
Terence may be made to the certified copy „
which lies at the Comp ,ny's office tor inspectioni.o ial,
utergd. asAcuus
_. pceirial
Articles of Concession accompanies the Prospeetuenti Pal
to be made in the annexed rift,
for Shares
Applications .
Anarcl hdrvi.usma at n At! sPde teeprossbi
but no application will fb ---
d to the Directors , e enter-
addresse
anied with the receipt of Messrs. Smith, tained unless accompanied
£5 er Share on the number of Shares
Payne, and Smiths, for
wil be returned in the event of the
applied for. This sum
anted and if an allotment is made it
application not being grthe paymtnt of 410 per Share then
will be applied towards
to be made.

MR. T. CARRICK begs to announce to his
Artist Friends and the Public, that his Photographic
hstabiishment, 32, Regent-street, Piccadilly-circus, is now
in full operation.
Cartes de Visite, 10 for 10s. 6d ; 21 for £l. Miniatures on
Ivory, Marble, and the Photographic base in his former
styles.

-13 OYAL ALHAMBRA PALACE.—The great
XV Spanish Gymnasts, RISARELIS and BALAGER, in
Three separate Entertainments.