The Sun.
London, England, 1865-06-16 00:00:00

London North and South of the Thames.
Incorporated by the East London Railway Company's
Cai Act, 1865.
P tal, 41,400,000, in 14,000 Provisional Scrip Certificates
to bearer of £lOO each. £2 to be paid on application,
and aon allotment ; and on fully paid-up scrip, £2 on
application, £lB on allotment, and £BO on or before the
23rd September, 1865.
Interest will be paid half-yearly, at the rate of 5 per cent.
Per annum, on calls paid during construction ; and on fully
Paid-up shares, at 6 per cent. per annum on the whole
amount of the certificate from the date of allotment.
DIRECTORS.
WILLIAM HAWES, Esq., Director of the Thames Tun-
nel Company (Chairman):
Lawford Acland, Esq., Chairman of the Ceylon Company.
Colonel J. S. Brownrigg, C. 8., 91, Victoria-street,
,West-
minster.
John Sale Barker, Esq., Director of the West Middlesex
~,,Water Works.
"'lt Walter Cargill, Esq., M.P., Director of the Oriental
Bank Corporation.
as. Childs, Esq., Chairman of the Wallingford and Wat-
lington Railway Company
4- Chubb, Esq., Director of the North London Railway
Company.
tiohn Griffith Frith, Esq., Deputy-Chairman of the Great
Indian Peninsula Railway Company. •
Veter Graham, Esq., Queen's-road, Regent's Park.
Alfred Smee, Esq., F.R.S., Finsbury-circus.
ENGINEERS.
John Hawskhaw, Esq., C.E.
George*Robt. Stephenson, Esq., C.E.
J. S. Burke, Esq., C.E.
BANKERS.
The -Union Bank of London, and its Branches.

Messrs. SOLICITORS.
Bristows, and Carprnael, 1, Copthall-
.

buildings.
SURVEYOR AND VALUER.
E. N. Clifton, Esq. •
BROKERS.
Messrs. J. and A. Scrimgeour, 10, Old Broad-street.
Messrs. Towgood and Strachan, 33, Throgmorton-street.
SECRETARY (PRO TEM.)
C. S. Collard, Esq. •
TEMPORARY OFFICES.
4, Skinner's-place, Sise-lane, E.C.

PROSPECTUS.
„,T„he East London Railway will complete the metro-
vu" tan system of railways, recommended by the joint
ecniamittee of both Houses of Parliament in the session of
1864.
The line as sanctioned by the act of this session will
~;onnnence with junctions with the Brighton, South Lon-
"°l3, South-Eastern, and North Kent Railways, near New-
cross, accommodating accommodating in its course the Surrey and Cora-
.liercial Docks, the London Docks, and the East of Lon-
u", and will terminate in the City, at a great terminal
station in Liverpool-street. There will be a branch to tho
Great Eastern, through which connections will be formed
With the the North London and London and North-Western
Railways ; and the line will pass through and accommodate
the' important districts of New-cross, Deptford, Rother-
hithe, Wapping, St. George-in-the-East, Limehouse, Step-
dl Bethnal-green, Bishopsgate, and Shore-
and afford an outlet by the principal railways of the
kingdom to the most densely-populated parts of the metro-
polis.

The
terminus in Liverpool-street in in the centre of
the business part of the City, situate close to the Bank and
the exchange, must of necessity command for this line the
let gest metropolitan omnibus traffic within and out of
London. It will effect an interchange of traffic with the
Metropolitan Railway, and through that line with the
Great Northern, the Great Western, and the Midland
Railways, and it must become practically the City termi-.
nus of the London, Brighton, and South Coast Railway.
The extraordinary expansiveness of metropolitan rail-
;?ay traffic has now been most abundantly demonstrated.
The Metropolitan Railway, with only 3i miles opened,
and the heart of the City as yet unreached, carries more
lassengers than the Great Eastern with 665 miles ; than
~.me London and South-Western with 513 miles; or the
'midland with 641 miles opened ; and the receipts from
Passengers per mile per week exceed, by more than 50 per
cent., the united receipts per mile per week for passengers
M 1 goods of the seven great railways having termini in
London.
The
, cost of the property required for the line will be less
ear Mile than that of any other metropolitan railway, and
shsufficiently provided for by the estimates. The length of
eiline, including junction branches, is between seven and
11'4 miles, of which the land for the terminal !station at
thverpool-street, and for nearly one. mile of its course
Ireugh the most expensive district, is purchased jointly
vith the Great Eastern Railway, the one running at a high
eaWhich
and the other at a low level over the .same property,
'which arrangement fully a quarter of a million will be
Tunnel
On the southern side of the river, from the Thames
to the junctions of the Southern Railways, the cost
tee4r mile will be very moderate, whilst the tunnel itself has
'
ett obtained without risk of construction at a little more
tt an one-third of its original cost.
he cost of construction is fixed beyond doubt by
141,gernents concluded with Messrs. Brassey, Lucas and
costJLu for a contract, at prices which will make the total
of the works considerably less than the amount allowed
the Parliamentary estimate.
The revenue to be derived from this line can be esti-
to
ated with equal certainty.
,I„the ordinary receipts of the Metropolitan Railway are
' ~.;"r more than £740 per mile per week from passengers
413' ; and the expenses for the half-year ending December
revenuelB6 were 41 per cent. on the then receipts. This
is derived from a line connecting, at one end only,
,t,e terminus of one great trunk lino with the City, whilst
Ii: Bast London will not only connect three great southern
i;ee with the City, but will also connect them with the
northern and eastern systems of railways.
and he large population which this line will accommodate,
tr.l the high through rates which it will receive for the
`tme derived from the great lines with which it will be
el,-",44ected, Paloeave no doubt that its soothercts per mile from
„sengers ne will exceed those Metropolitan
But assuming the East London receipts to be,
Mile not more than those on the Metropolitan in its
Aresethe nt incomplete and undeveloped state, and calculating
ao receipts on six miles only of the East London Railway,
far substantially llyto confine the calculation to the main
, the income from passengers will be £230,880 per
at 112, to which must be added for merchandise and coal,
of a ow estimate, £100,000; making a total gross income
)4,0X, 330,880 ; which, after deduction of 41 per cent. for
ab(fhing expenses, will leave a net income of £195,220, or
ut 14 per cent. on the cost of the line.
6,-,ste investors, the rapidity with which this line can be
fCed for traffic, and its security from competition, are
°f great importance. The completion of the central
vviii,station at Liverpool-street, and nearly a mile of the line,
133, ,'se greatly expedited by the arrangement (confirmed
I,owrarliament) with the Great Eastern Company, which is
M Possession of part of the property, and is proceed-
bel,ith the works ; the tunnel is also ready for immediate
cation to railway uses ; so that the line will certainly
'ielding revenue in an unusually short space of time.
to file
shareholderssha of the Thames Tunnel Company agree
of ',lke principal part of their purchase-money in shares
re,'le Railway Company, and other extensive property
icciesdidfeorir.ntgh,etlhinen,e
—will be paid for in like manner.
',the position of this line as a connecting link between
`" great lines of railway communication north and
south of the Thames ;
2.
„Tll() dense population through which it passes, to
Which, for a few pence and in a kw minutes of time,
°Pportunity will be afforded of reaching the healthy
8, districts south of the river ;
The access afforded from the City and the eastern
districts of London to Brighton, Ramsgate, Margate,
gent,
the South Coast generally, to the rural districts of
t tent, Surrey, and Sussex, and to the Crystal Palace ;
Which
large interchange traffic! in merchandise and coals
"ich must pass over this line between north and
6.
The low
-E cost per mile, as compared with other metro-
Politan lines, and the certainty that it will be com-
e. P„leted with great despatch ; and
The fact, clearly proved by the working of the Metro-
Politan Railway, that the traffic on such a line can only
the 1113)p limited by its carrying powers,—
r4llhectors feel confident that the dividend to be derived
1 this line will exceed that of any other metropolitan
Tit Y-*
Year' e contract will provide for payment of interest half-
NI I3' during construction at the rate of five per cent. per
n
•,11 on calls, and six per cent. on shares fully paid up.
tatittllotting the shares preference will be given to appli-
eslM; for fully paid-up shares.
tiagT „" holders of paid-up stock have the privilege of pay-
eo4l;l3 the balance of £BO per certificate at once, under dis-
hke' of six per cent. per annum, which will raise the first
oias interest to upwards of seven pet cent.
tip„ registration of the scrip, of which due notice will be
qlal.-", the certificates for £lOO will be divided into five
Int
41Lef £2O each.
rpB event of no allotment being made the deposits will
alloftnped in full. Should a less number of shares be
coailthan are applied for, the deposits will be made
talaoaeble towards the payment on allotment, and the
Ap 13. (if any) returned to the applicant.
11attio,
by must be made on the form annexed, accom-
11,naA cY payment of £2 per scrip certificate, to any of the
.tho-1131T.e.iatio-ned Banks
anion Bank London.
4.3
National Provincial Bank .. fManchester, and its
rt, ational Bank of Liverpoo°ll.l Branches.
Iritruted)
14e I‘ll,_aetional Provincial Bank Birmingham.
The
e do and County Bank Leeds.
Akvincial Bank of Ireland Dublin and its Branches
in Ireland.
dinburgh and Glas-
'TO Bank of Scotland gow,anditsßranches
in Scotland.

F0R,.4 -
OF APPLICATION FOR ORDINARY
SHARES.
1, the
er Directors of the East London Railway Company.
Pit:„BBr.s. Chadwick, Adamson, M'Kenna, and Co.,
bait-s"cial Agents, 27, Great George-street, West-
Gent
ter,
leth
mel the 8-en,—Having paid to the Bankers of the Corn-
t tie of £ to your cre4it, I request you to
ht,„Not
_, Scrip Certificates of £lOO each in the East
or'"lvFay Company ; and I agree to accept such
heay th 4117 less amount that may be allotted to me, and
°Neil: further sum of £8 per certificate due upon such

Name in full
Address -
Profession or Trade
F 044
Date
°P APPLICATION FOR FULLY PAID-UP
the 13. SHARES.
er lie 'rectors of the East London Railway Company.
Pilla
4err,881.,5• Chadwick, Adamson, 3PlCenna, and Co.,
"(.141 Agents, 27, Great George-street, West-
eat
tlid the R„'l2,---11aving paid to the Bankers of the Com-
-14 ke of £ to your credit, I request you to
eeri °tido
11 Rap Scrip Certificates of 1100 each in the East
to or --w, ay Company ; and I agree to accept such
all 43* less amount that may be allotted to me, and
.t.,q
—0 0„ ulther sum of £lB per certificate on allotment,
or before the 23d September, 1865.
Name in full
Address
Profession or Trade
Of I:l,llsRDeet, Date
" )3a,ft'aes and Forms of Application may be obtained
Fief kes ers, the Brokers, at the Offices of the Company,
fro,eeiki BAI.B. Chadwick, Adamson, M'Kenna, and Co.,
iiol4gents, 27, Great George-street, Westminster,
411 fUrther information May be obtained..