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

FORSI OF APPLICATION FOR SHARES.

To the Directors of the EnOlsh and Russian Bank (Limited).
Gentlemen,—l request you to allot me shares in
the English and Russian Bank (Limited), and I hereby agree
to accept 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
understaneling that I come under no liability, fur preliminary
Expenses or otherwise, until the Court of 1./irecters 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 Limited Liability ender the Joint-Stock
Comranies Act, 1862. . _

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, £2,000,000.
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 ad itional 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, Inter,st on the calls, at the rate of 6 per cent. per
annum, will also be paid during construction.
Deposit, £5 per share on applicat on, and £5 on allotment.
One-third of the capital has been taken by the Concession-
aires.

DIRECTO ON.
H. L. Bischoffsheim, Esq(Messrs. Bischoffsheim and Gold-
achmidt).
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
Cot
Jervoise Smith, Esq. (Messrs. Smith, Payne, and Smiths).
DIRECTOR IN Russia..
His Excellency de Cube, Vice-Governor of the Province of
Livonia.
James Armitstead, Esq. (Messrs. Mitchell and Co. Riga).James Henry Hilt, Esq, (Messrs. Hill Brothers, Riga).
• BANKERS.
Messrs. Smith, Payne, and Smith.
Somcrrons.
Messrs. Freshfields and Newman.
CONSULTING ENGIPEER.
John Hawkshaw, Esq.
RESIDENT h:NGINEER.
Morgan Williams, Esq.
AUDITORS.
Messrs. Coleman. Turquand, and Co, - : •
SECRETARY, pro tern. - •
. Mr. W. H.;_Trumpler. _
OFFICES.
21. Throgmorton-street, E.C.
This Railway, of the length of 161 English miles, will con-
nect Dunaburg, the terminus of the Riga and Dunaburg
Railway, with Witepsk. The Line paws through one of the
most productive districts of Russia, furnishing, a large pro-
por ion of the exports from Riga ; and, in facilitating the
transport of produce of the rich and wheat•growing pro-
vinces of Smolensk, Mohilew. is ursk, 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
ava:lable only in seasons when the markets of Western
Europe were approaching famine prices. Tne 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 curled 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
expeditions route for the inhabitants both to St. Petersburg
and Western Europe.
The :Russian Government, attributing special imrortance
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
the following :
ast, The Company is to be constituted according toEnglish
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.
ad. The Government a'so guarantees an additional sum
payable half 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.
6th. The net receipts of the line are appl cable 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 ot £2,600,000.
They are further entitled to one-half of all urther profits,
over and above the 6 per cent., until tee Government is re •
imbursed the moneys which it may have paidin respect of the
guaranteed interest beyond the net earnings or toe 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 by 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
£1755,915. An arrangement has also been concluded, by
which that contract, together with the concession. is to be
made carer to the Company for the sum of £48,C00, which sum
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 £'2,143,615.
The .Contract with Messrs. Peto and Betts for the
entire construction, including Rolling Stock,
amounts to
The Engineering and Inspection of the Line
during the whole period of construction, inclu-
ding the costs of the Preliminary Surveys, &c.,
has contracted for at a sum of ....
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 ready for traffic
within 4} years from this time. The cost of
Offices, expenses in London, Riga, and Duna-
burg,together with the remuneration of the
Directorsa: txnpLenonsedsonasanabdoßveig:ii, is estimated for
PriceßrokeragelnliP- atiiae°period
e° a't'n'ee.. 530,000
incidentalsiecixn;Ceno:letsracts, and pre.
, say ..

73,700

48.000
6,000

From the above state
e of el3o o°o accorded
it will
Yield. on the' above outlay of
land and of the Pptehroi
that
et
: to. guarantee £2,143,615
will cb y
the
Government,
mn neunatl,
at the rate of
anord : i
tretend.Zoo2tl4y3o,6fltsh,
oaanmeotrtretsvaetroune
benefit to theeSCaaP
amount which are estimated at a
wicontemplatedll
large sum, and
Asso-
ciation to issue Debentt'utareicei
furthertB in
£B3 per share. t the
been made witih
relief
07
the
Articles of ra It
et iassrequired will not exceed
reholders-
opAi ia
whichr r art giesm
ae no
tt 1 hasipa
e alsodpower i
ital, at such a
opened by the 30th Nove that a section °tithe Contrmitors.
saving of L 40,000 may be a.:l' er, 1866, from the line will be
pated t m which
item of "interest during c o the Company80111• e a
onstruction. on the
The Share Capital will be paid off a
Ine which will commence one t par by ann.
line. year after the annual dram,-
thge
opentng of
For further details as to the terms of the
terence ',may be made to the certified copy
of the i •e-
-which 'lies at the Compsny's office for inspection. eTic'ireiginal,
nal document is deposited as cuatoma. y in the iray,°/ik, i-
Are/lives at St. Petersburg. An extract of the priA;r,' at
Articles of Concession accompanies the Prospectus. "*"11
Applications for Shares to be made in the annexed form,
Addressed to the Directors ; but no application will be enter-
tained unless accompanied with the receipt of Messrs. Smith,
Payne, and Smiths, tor £5 per Share on the number of Shares
applied for. This sum will s. be returned in the event of the
t ment i dma eit
application nof being granted, and 1 an a
aymtnt of llot
ZlO per Share then
will be applii xl towards the p
to be made.
___

• -
• • FOR: WI OF APPLICATION FOR SBA'
N 0.... . ......
To be for
war ded to 21. Throw
,orton-street, after payment o:
,To ..i. the Preliminary Deposit. to the Bankers;
Railway
the Airevtors of the Dunaburg and Witepsk
Company (Limited),

,RES.

13 ,Gentlemen,
an a?Jing paid to ;''our credit, with Messrs. Smith, Payne,
vi d Smiths, the sum of £ , I hereby request that you
4111 a;lot ma Shares in the Dunaberg and Witepsk
4014 a v Company (Llmi d), and I here by accept such Shares
( any i ma ler number that may be allotted to me, andh agr
ee
to sogn tk 'ie Articles of 'Association of the Company wen
quired.,.. I am, Gentlemen,
Name in lull .. ..................... . .'.. .
Address in lull . ...•
Date cum. pea•s••41.14••000,1,•spoi

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