The Sun.
London, England, 1863-06-05 00:00:00

BANKERS.

Messrs. Barnett,ll.oaies,and CO., London.'
Messrs. J. Barned and to., Liverpool.
SOLICITORS—Messrs. John and William GaLworthy,l2, Old
Jewry-chambers.
EltonEns—Messrs. Joshua Hutchinson and Son, Angel-
court, Throgmorton, street •
MANAGERS—Mt sari. John Taylor and Sons,
GENERAL SUPERINTENDENT IN ITALY—Mr. Geo. Henftey.
SECRETARY—hir. W. G. Williams.
Offices-6, Queen-street-place, I ondon.
ARRIDGFD PROSPi4.CTI3I3.
This Company has been ,duly registered with limited lia-
bility.
Its object is the purchase of a large interest in the
cele-
brated lead mines of Monteponi, in, the t land of Sardinia.
tozetlif r with the extens've lead smelting o
establish
_ant of
Pertusola and the Sarzanello Coal Mine in the Gull spezz.
The purchase money for these prop, rties(includin,, e;.zo i
even:
twelf,h, of the Monteponi Mine), 131'nt, engines,
Xl' o,‘ 00. and it is estimated that £60,e00 will be required
al _
at
as
floating capital, so that in fixing the. nominal cap
X '50,000, a margin of VO 00 is lett to enable the Companyto-
take ad, aritwre of such opi,ortunities as may present them
selv, sof extending their interest-in Italian mines.
This underta.kingdiffers essentially in its n4urcirom ordi-
nary minim enterprises. rca ital being invested in the
Purchase a rpinea and worke,tw" hich are in full operatiotn and
yielding very large returns.
F nit pro,peetu.es with forms of application for shares may
be had t the offices of the Comp f
43 uy, No. 6, Queen-street-
Bace, London, or of the Brokers
oshu.. Hut hinson and Son. No appl cation will be co,.
siderect unless a deposit of £1 for each share applied for shall
have been previously made with the Bankers of the Com-
pany. This sum will be returned in full in the event of no
allotment bein, made.

THE PERTUSOLA LEAD MINING arid
SMELTING COMPANY (Limited)
NoTICE IS HEREBY GIVEN, That NO APPLICATION
for cg RES in this Company will be received after SAIUR-
DAY, the th day cf June next.

W. G. WILL AAIS, Sec.

THE DUNARURG and WITEPSK W
wit
RAIL-
Incorporated AY COMPANY (Limited).
h Limited Liability under the Joint-Stock
Comi antes Act, 1862.
The Line to be constructed under a concession granted by
his Imperial Majesty the Emperor of Russia, dated 19th
Alarrqi, 0 S., 1861 '
Nominal Capital, fixed by the concession, £2,600,000.
On which the Ru,sian Government guarantees an annual
interest of £5 per cent., amounting to £130.000 in sterling
money, for 85 y ears, 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 25,000 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 rat. 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.

DIRECTORS IN LONDON.
B. L. Bischoffsheim, Esq. (Messrs. Bischoffsheim and Gold-
scbmidt).
Geo.J. Goschen, Esq., M.P. (Messrs. Fruhlinf.r, and Goschen).
Wiliam 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 Henry Hill, Esq, (Messrs. Hill Brothers, Riga).
BANKERS. •
Messrs. Smith, Payne, and Smith.
SOLICITORS.
Messrs. rreshfields and Newman.
CONSULTING ENGIbEER.
John Et awkshaw. Esq.
RESIDENT h:NGINEER.
Morgan Williams, Esq.
AUDITORS.
Messrs. Coleman, Turquand, and CO,
SECRETARY, pro tern.
Mr. W. H. Trumpler.
OFFICES.

21, Throgmorton-stree, E.C.
This Railway, of the length of 161 Engll.l miles, will con-
nect Dunaburg, the terminus of the Riga and Dunaburg
Railway, with Witepsk. '1 he Line passes thron:h 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, I. ursk, and Orel, will prove of
the greatest importance both to England and Russia.
In consequence of the absolute impossibility of forwarding
good• at certain seasons of the year, and the very heavy
charges at all times, a great imrt of the produce of these lat-
ter i.rovinces has hitherto been almost lost to exportation, or
ava Table only in sea ons when the markets of vi estern
knrope were approaching famine prices. Tire transport ofthe
the colonial and foreign produce required ina this_ h
part of
interior, effected hitherto, to a great . xtent, a charges
from St. Petersburg, will be carried on by means e
of this ail-
way from liiga to Witepsk direct, and be thence distributed.
There will also be a considerable paw enger traffic, as the
above. named urovinc,s are amongst the most populous of
the emp re. 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 th s 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 :--
Ist. The Company is to be constituted aecordinff to English
law, with the Board of Direction in London, an 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 hall yearly, on the capital of £2,600,0(0, sufficient to
retie, ni the whole capital at par in 8s ye ,rs.
4th. Both the interest and the s.nking fund are payable
half-yearly t fixed dates.
sth The net receipts of the line are app) c able in relief of 11
the Government Guarantee ; but the Company is authorised,
in priority, to bet apart 10 per cent, of such net receipts, to
the extent of X 100,060 to form a reserve fund against contin-
gencies.
eth. The shareholders are entit'ed to all net profits of the
line, up to 6 per cent., on the nominal capital o•
~600,000. '
They are further entitled to one-half of
all nrther- prod 5,
over and above the 6 per c nt., until t. e Government is re •
imburset he moneys which it may have paid in respect of the
guara..teed interest beyond the net earnt,gs of t e line;
after which reimbursement, the shareholders are entitled to
the whole of he net profits, whatever they may be.
A contract ft), the execution of the line of railway by the
20th Novem,er, 1867, with all necessary stations, buildings,
and works, and for the supply of rolling: stock, according to
the specifications and requirements 0, the Government, has
been entered into by the concessionaires with Messrs. Peto
and Betts, under the superintendenc•
and with the approval
of Mr. Hawkshaw, the eminent civil engineer, for a sum of
£1755,915 An arrangement has also been conclwied, by
which that contract together with the concession. is to be
madeLver to the Company for the sum of £18,600, which sum
covers all preliminary expenses incurred in Russia and in
England. in connexion both with the concession and the
caution money of £l3OOOO.
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 Contract with Messrs. Peto and Betts for the
amoentire construction, including Rolling Stocir,
unts t a ........ . ...... .
The Engineering and .
. £
1'755'915
during-the whale period of cons,raction, In the costs of the Preliminary Surveys, &c ,
has been contracted for at a sum of.. '
_ . 73,700
Interest during construction, which will be slidp 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 ............ ........
34,000
The line is to be completed and ready for traffic within 44 years from this time. The cost of
Offices, expenses in London, Riga, and Duna-
burg, together w th the r muneration of the
Directors in London and Riga, is estimated for
the above period at.. ..... ........... Price paid for the Concession, Contracts, and pre-
liminary expenses, as above
Brokerage and incidental expenses, say ..........
. .......

30,000

48.000
6,000

From-_--...._
it will be seen that the annual
the above statement
guarantee of £130,000, a illed by the Russian Z2,143,6i5
will yield, on the above o ,
tundaey of .E 2,143,616, a net revenue
at the ate of 6 per cent. Government,
lc/ of the amortisation
isltlimated at a
fund and of the profits of the ilinene,d,,,eliti
large sum, and that the amount requirencirevv4'
£B3 per share
ns of not exceed
t
It is c,,ntemp'ated to take power in the A•t
Asso-
ciation to issue Deb ntures in relief of the Ca
rate as will at.ord a further benefit to the shali.ehaoida such a
e".
An arrangement has also b en made with the Cont on
by which it is anticipated that a section of the line will bj
opened by th, 30th November, 1866, from which source a
Taring f Z-10,000 may be anticipated to the Company on the
it ring "interest during construcion.
ino.-"e ,`'hare Capital will be pail off at par by annual draw_
thennweb ich will commence one year after the opening of
fere
oTreefu
of the Concession re-
which traY be made to the certified copy ot the original,
na
Archie
at the Comp ny's office for inspection. The orizi-
Archfi'snlaelit is deposited as customs, y in the Imperial
Articles otteSt• Petersburg. An extract of the priactpai
Applicationcession acc-mpanies the Prospectus.
addressed tott7l:or Shires to be made in the annexed form.
fain d miles. ' Snares
; but no application will be elver-
Payne, and g,Z2mPanied with the receipt of Messrs. Smith,
applied for. Thi",:'• tor £5 per Share on the number of Sha•es
application not b„.auln will be returned in the e.etit of the
will be applied towardsgted, and if an allotment is made it
to be made. the paym.nt ef 410 per Share then

—___.
NoFORM OP APPLICATION FOR SHARES.
........ ,_„,..
To be forwarded to 21. Throgmorton-street, after payment of
the PrOirninary Deposit to the Bankers.
To the Directors of the Dunaburg and Witepsk Railway
Gentlemen, t.,oznpany (Limited).
Hayti. ~,r pal 1 to your credit, with Messrs. Smith, Payne,
end Smiths, the sum of L
hereby request that you
will allot m • Shares in the Dunaberg. and Wirepsk
company (Llmi ed), and I beret y accent such Shares
Ra.lway
sma 'er number that may be allotted to rae, and agree
(t)1. any
the Articl .s of Association of the Company when.re-
gLu'isredn.—l am, Gentlemen,
Name in full .............................
DAddress in full ............................. .
ate .................... .._

THE DUNABURG and WITEPSK
WAY COMPANY (Limited.RAlL-
The LISTS of APPLICATIONS for SHARES will be
CLOSED on TUESDAY, the 9th June, at lour o'clock.
W. H. TRU3IPLER, Secretary pro tern.
Offices, 21, Throgmorton-s leer, E.C.,
June ith,