The Sun.
London, England, 1863-04-29 00:00:00

JAMES' HOTEL,
Co:11er of BERKELEY-STREET, Piccadilly.
This 'HOTEL will be OPENED to the public on SATUR-
DAY, the 2d of May next. .
Manager -n. PRANCATELLI.
By order,
G. T. OLDFIELD, Secretary.

Dated April 17, 1863.

THE CARLOGGAS TIN MINING
COMPANY (Limited).
eZistered under the Companies' Act, 1-62, whereby the
liability of each Shareholder is limited to the amJunt of
his Shares.
Capital £15,000, ,n 3,030 Shares of £5 each.
Deposit 10s. cn Applic • tion and £1 on t llotment.
DIRECTORS.
pans James Hamilton, Esq., Rose Bank, Hanwell, Middie-
Sex.
John Kirkham, Esq., C.E. 109, Euston-read, N.W.
Jaws Pearce, Esq , Threadneedle-Street, and Wimborne,
Dorset.
Theodore Richard Schweitzer, Etq. (11. T. Schweitzer and
Co. , 26. Tho.ogmorton-street, E. r,
Captain Benjamin \Yr glit, Heath Lodge, Clapham,
BANKERS.
The Metropalitan and Provincial Bank (Limited), 75, Corn-
hit', E.O
SOLICITOR.
James Bourdilion, PIE q. , 30, Great Winch:ster-:trcet.
SECP,ETARY—Mr. W. Battye.
OrricEs.
0, Great Winchester str et, E.C.
P OSPE CTUS.
This Company 's formed for the pur diase and working of
the Carloggas Tin Mines, situated for the Pari-io of St.
l'otenliens, St. Austel, in the County of Cornwall, a district well
known am,,ng mineralogists as being r'ch in Tin Mioeral
deposits. The sett is very extensive, end under le,se
from Lady Grenville, for a term of twenty-one years, at a
royalty of one-fifteenth.
The promising character of the Mines to he worked by the
Present Company fully ova, rants the expo tation that large
returns w'lt be realised ; five Tin I odes are known to pass
through the sett, and on one of which operations have been
tarried on to some considerable extent by the former
Workers.
The Mine is cheated on the junct'on of Granite and Killaa,
so favourable for the production of metallic minerals, parti-
Milady Tin.
The ancient excavations on the backs of the lodes give evi-
tlence that vast quantities of Tin have been raised on the
property, and recent explorations demonstrate this sett to be
Of no ordinary kind, it being merely a question of capital for
rafulder development to bring it into a dividend state.
The reports annexed are from men of long practical OE-
Per,ence in the district ; their testimony as to the highly
promising character of the property, and the great local ad-
vantages by which it is surrounded, wl,l be read with inte-
rest, and leaYing noshing, to be urged by the Directors, ex-
Cept an assurance of their strong confidence as to its value,
and that ere long it will bear comparison with aoy of the rich
Mines opened in the district.
A. contract has been entered into for the purchase of the
property on most favouraole terms—viz., for £6,000 (.£2,500
in cash, and £3,500 in paid-up Shares).
The capital of the Company is fixed at £15,003, in 3,r00
Shares of £5 each ; it 1,, however, estimated that zr per share
bill be ample for all purp. ses, to place the 3111r3 in a profit-
able state, as immelate returns of Tin can be m 'de.
The Company having been registered with limited liability,
ho Shareholder can, under any circumstances whatever, be
Made responsible for a greater amount than that of the shares
to which he subscribes.

A considerable portion of the capital has already been sub-
scribed.

The Directors propose to commence operations when they
consider a sufficient number of shares have been subscribed
for. Applications for Shares to be made in the subjoined
form. The deposit money of 'Os. per share to be paid to the
Company's Backers, for which receipts will be given. If no
allotment be made, the deposit money wall be returned in
full, and f a less number be al ott d than is applied for the
surplus will be used towards the payment on all tment.
Prospectus s and forms of apnli',.ation for Share , and all
further information, may be obtained at the Offices of the
Company.

THE ROYAL SARDINIAN RAILWAY
Guaranteed by theCOMPANY. Italian Government.
A Societe Anonyme ; the Liability of Shareholders Limited
to the Amount of their Shares.
Share Capital, R 1,000,0, 0 sterling, or 25.000,000 E, in 50,010
Sit, e of ..C.20, or 5001., each, to bearer. With power to issue
£2.0 0,000 Nominal Capital, in Obligations or Debentures.
The Shares to be redeemed by lot, at par, out of the pro-
Ceeds of Freehold Landed Estates granted to the Company ;
to bear Interest at 6 percent. per annum during construction,
and subsequently an estimated minimum annual dividend of
Thirty-two Shillings (equal to eight per cent.) per share,
based upon the Government Guarantee, and payable during
the whole term of 93 years, on all shares, whether redeemed
or not.

Debentures or Obligations £2O, or 500 f. each ;
To bear interest at 3 per cent. per annum, repayable by an-
nual drawings within -II years, at par ; to be issued at or 275 f. each. Every subscriber for Shares to have a pre-
ferential option of claiming two Obligations or Debentures
for each S:-.are allotted to him.
Com The security f r the Capital and interest is a grant to the
Crowpan in ny in perpetuity of Freehold Landed,
00,000 hec Estates of the
the Island of Sardinia, comprisin,!-`tares,
or 980,100 English acres, and a distinct State Guarantee of a
het annual revenue, or subvention, of 9,010 lire for each kilo-
Metre of railway, equal to £5BO sterling per English mile, for
the term of AD years.
Deposit t per Share on application.
Further Payments, on Allotment, £2 per Share, and £1 per
Obligation or Debentur Arrangements will be made with respect to further calls
which will enable Shareholders to have the op ion of paying
up a proportio i of their Shares and Obl gations or Deben-
tures in full.
COUNCIL OF ADMINISTRATION IN ITALY.
Honorary President—General Count Alberto Della
Iklarmora.
Marquis Gustavo di Cavour.
AT trquis Iloyl di Villaflor.
Signor Guisei pe Sanna-Sanna, Deputy of the Italian
Parliament.

DIRORS IN ENGLAND.
Thomas Throes, Esq EC T
, M.P. (Director of the Lancashire
and Yorkshire Railway).
Charles Bell, Esq. (Messrs. J. Thomson, T. Bonar, and
Co.), London.
11. R. Grenfell, Esq , M.P. (31essr3. Pascoe, Grenfell, and
Sons) London.
I. LeoninO, EFq. (Messrs. r. LeoriPo and Co ), London.
John Pender, Esq , 31P. Messrs. J. enderand Co.), Man-
chester.

BANKERS.
Messrs, Glyn, Mills, and Co., London.
Messrs. Arthur Heywood, Sons, and Co., Liverpool.
The Consolida`ed Bank (limited) Manchester.
Sigel. Fratelli Bolmida, Turin.
Siert Fratelli Leonino di D, Genoa.
BROKERS.
Messrs P. Cazmove and Co., 52, Threadneedle-street,
London, E.C.
Mr. Geo. E. Seymour, 38, Throgmorton-street, Lon-
don, B.C.
Messrs. Hors -all and Addison, Liverpool.
Messrs. Shore and Kirk, Manchester.
SOLORS.
Messrs. tircham. Dalrymple,lClT Drake, and Ward, London.
Messrs. Littledale Ridley, and llardswell, Liverpool.
ENGINEER.
Mr. Benjamin Picrey, C.E., 28, Great George-street, West-
minster.
INTERIM SECRETARY —Mr. J. J. Ridley.
Temporary Offices—S, Copthall-court, London, E.C.
The Government of Italy, desiring to deve'op the resources
of the Island of Sardinia by the introduction of foreign capi-
tal in the construction of railways, have, by virtue of an Act
bearing the Royal confirmation ender date of the 4th of
January last, conferred the following valuable concessions,
which have been purchased for this Company:
First. The exelus've privilege of constructing railways in
the Island of Sardinia.
Scene d. A guarantee or sulwention for the lines now pro-
posed of 0,100 lire for each kilometre of railway, or £sBoster-
ing per English mile, per annum, net
revenue, for a period of
29 years, payable as each Section is opened for traffic; and,
Third. An immediate g ant to the Company, in perpetuity
and absolutely, of freehold landed estates. belonging to the
Crown, in the Island of Sardinia, containing 200.000 hectare.,
or 480,000 English acres, the present value of which is offi-
cially returned at £500,080, but which it is manifest will be
largely increased by the comp'etion of the railways.
the
Thcompae X5BO
ra per mile net guaranteed inpr ocecome. together with
comparatively low rentals nowproceeding from the
landet estates, and amounting, according to the Governm, nt
returns, to £24 000 p r annum, are equivalent to an annual
dividend of at least 8 per cent. upon the total estimated cost
of'tie railways. This will be seen from the following calcu-
lation : -
Annual Income--
Guaranteed Net Revenue £5BO per mile for 210 miles £139,200
Present rent from the lands (suss. pt ble of increase) 21,0 0

stsl
£163,200
Into rupayable o .C 2,000,000 Obligations or
Deben,tures at £3 per cent.
Estimated Dividend on 61,00 ',OOO Sh tre
ital at £8 per cent

80,(00

----£140,000

Surplus income app',icible to the redemption of
Debentures
'the special feature of this undertaking is, that while the
Shareholders will receive an annual in:crest of 6 per cent.
during the construction of the line, and a dividend of at IPast
8 per cent. thereafter on their capital, they will, at no dis-
tend date, have their capital repaid to them out of the pro-
s dot the Crown lands granted to the Company, and con-
tinue. t eless, in the enjoyment of the dividends during
the naveher of 9 years. The order in which shares NI ill
be paid off in this manner will be determined by Inllot.
T,ie estates are a tuated in various p ,rts of the Island, and
-will in great measure be intersected by, or in the neighb. ur-
hood of, the several lines of rdlway now pi.ojected, and also
the event new roads about to be construct° by the Govern-
ment, or which purpose they have voted One Million Pounds
‘t ling. Some portions of the estrd.s are under till ge; a
consid-rable extent consists of pasturage, and the remaining
portions contain forests of oak and other valuable timber.
From these forests the do.kyards of England, Prance, and
Italy have for many years past derived and are now d.riving
their supplies of the finest oak.
Sardir is is extreme'y rich in minerals, particularly silver-
lead, copper, and ironstone, the latter of the highest quality.
Resides thes minerals, the Island contains extensive coal
fields, which will be developed by means of the intended
t ail ways.
Thu lines new projected will be single (with requisite sid-
ings and passing. places), and will be about 210 miles in length ;
six years are allowed for their ,ompletion. Theywill be pro-
ceeded with in the five following sections:-
1. Prom Cagliari to Iglesias, the centre of the mining eis
iriet and Coil fields.
2. From Ca .diari to the city of Oristano.
3. From Oristano to Ozieri.
4. From Ozieri, through the city of Sam sari, to Porto Torres.
Promo Ozieri to Terra Nova.
Thus, throughout the whole length of the Island, will be
estabiL heil a comp 'ete system of railways, brinzing into
i
closer connexion the respective shores of the Mediterranean.
The most eminent contractors in this country have care-
fully examined the detailed surveys and sections of the pro-
jected lines, prepared by the Company's Engineer, and have
offered to contract for their construction at a SUM which, after
making prevision for all preliminary and contingent ex-
Pcnses, wi 1 fall within the Mt unt of capital now proposed
to be raised.
Tito work:ng expenses of railways in Italy anldPrance
rarely average 42 per eent. of the gross receipts. his c
Pany has stipulated for an allw.van-e of 5e
ve
ipfterceyneta.r,st, in castobein-
ereaseri to Oil 2-3 per cent. during the
the gross receipts do not exceed 10.000 lire per kilometre.
On the other hand, the Government have reserved the op.
lion of purchasing the railways, at any time after the expi•
r ,tion of 30 years. upon payment to the Company of the vale
oi the rolling stock, Sro., and an annuity for the remainder of
the tertn,of 9O years•• such annuity to b'! not less than the
average net income of the five most productive of the last
Pi.1;e4,43-hears, and not' less than the net income of the last year
rri,Al. z Such purcha9'.
f interest vi ill be payable half-yearly in London, Paris,
Tra";,,,Vl Gen 'a.
map, of ?.ted copies of the Act of the Ifltalian Parliament. with
I:tended.
r'alT; loland of ardinla showing the course of the IR-
dretia.ll, b"v4Y.E4 can be insp' ected at offices of Messrs.
w. ;
Brown's
,u ot A
~,e! prake, iVard, Parliament-street,
-oiiiidt 6ms. Littledale Ridley, and Bards well,
Forms or ~,,ZesthEioxehsnqe, Liverpool.'
Brokers, ant n tor Shares may be obtained from the
at the T
In cases where . • ernpor try Offices of the Company.
returned without a 'llof moots are made the deposit will be
eduction. FO WM Op
APp
To the Directors in, Afro FOR SITATIES.
"'a of the Company.Royal Sardinian Railway

Gentlemen,
IfaviwZ I) ihl to your It
ankers the sum of X , I hereby
i.,:que,t that you will allot rne
Shares " and
g.,-,1 ions" of £2O ea h "respetivei Ohli-
Railway Company. and I herebr i ' the Royal Sardin an
Shares " and Oligations," or any smagliee to accept the said
-r number that may
be allotted to me, u- on the terms of tlia'lnaltatutes, to be arzreed
upon by you with the Italian Coveren
further deposit ot X 2 per Share upon the sha,',,aml toay the
" and £1 per
Oblht-ation upon the Oligations" allotted to nieB,' at such time
and in such a manner as you m Ay appoint.
I am, Gentlemen,
Name in full .........
Address in full ..... .. .........
Profession or business (If an;):::
Place of business ;it any) ..
Date.............................
, Applicants for Shares only, will strike out the words
IqUOted" ill the Above form of application,