The Sun.
London, England, 1865-07-27 00:00:00

REMEMBER, YOU WILL SEE YOUR
FRIENDS at " E VANS'. " Atter the Opera we
ebzeil Sup there!

ICINAHAN'S LLBRAWNHDYISKY v. COGNAC
Tnis eels !mated Old :RISII WHISKY rivals the finest
FRENCH BRANDY.
It is Pure, Mild, Mellow, Delicious, and very Wholesome.
Sold in Bottles, 3s. Bd., at the Retail Houses in London; by
the Agents in the principal towns in England; or wholesale
at

8, GREAT WINDMILL-STREET, LONDON, W.
Observe the Red Seal, Pink Label, and Cork branded
"Einahan's LL Whisky."

litA. TbiteAoffSthlyeLlDof
yFoEurLcliOa.aly
wYheOnUyoAu RE
can
buy one of " BUTCHER'S PATENT KEY-KING CIGAR
NIPPERS" for aTenny. &II everywhere.

MUTUAL LOAN FUND ASSOCIATION
(Incmporated by Act of I'arliament,.lBso),

14, RU3SELL-STREET, COVENT-GARDEN,
LENDS MONEY on Personal and other Security. in sums
of £2O to £5OO, to be repaid by instalments extending over
one, two, or three years. The large C ipital of this Associa-
tion enables it to complete its transactions without delay.
No Inquiry or office fees, and strict secrecy obs!rvert. Bills
Discounted at short notice. Form sent free on receipt of a
directed stamped envelops.
The AgE3OCI Ilion also lends Money for the purchase of a
house by a tenant. or for the liquidation of mortgages, on
terms most advantageous to the borrower.

EDWARD HARPER, Secretary.

4ARSEILLES EXTENSION RAILWAY
and LAND COMPANY (Limited).
Incorporated under " The Companies Act of 1862."
Capital £400,000, in 20,000 Shares of £2O each,
- 7,000 of which have already been subscribed for in England
and France.
3,000 will be reserved for issue as Paid-up Shares.
Interest at the rate of 6 per cent. per annum is guaran-
. teed to be paid by the Contractors on the capital called up
during the construction of the works.
£1 per Share to be paid on Application, and £4 on Allot-
ment.
Future calls not to exceed £5 per Share, nor to be made
at intervals of less than three months.
DIRECTORS.
LONDON.
William Lee, Esq., M.P., Director of the London and
County Bank.
James Childs, Esq., Roehampton, Director of the East
London Railway Company.
Charles E. Newbon, Esq., Director of the General Irri-
gration. Company of France.
The Hon. A. C. Hobart, Berkeley-square, Director of
the Russian Iron Works Company.
Hugh H. L. Astley, Esq., Nicholas-lane, Director of the
City Offices Company.
J. Pennington Legh, Esq., Brighton, and Knutsford,
Cheshire.
Clarence A. Collier, Esq., Norfolk-street, Park-lane.
PARIS.
M. Jules Talabot, Boulevard des Italians.
M. Le Comte Clary, Rue d'Aumale.
SOLICITORS.
Messrs. Newbon, Evans, and Co., Nicholas-lane, Lombard-
street.
BANKERS.
The imperial Bank, Lothbury.
BROKERS.
Messrs. Robins, Barber, and Dailey, Threadneedle-street.
ENGLNEER.
(leo. Berkley, Esq., 24, Great George-street, Westminster.
SECRETARY (PRO TEM.).
H. P. Hakewill, Esq.
TEMPORARY OFFICES.
4A, Alderman's-walk, New Broad-street.
PROSPECTUS.
The objects of the company are, first, to construct a rail-
Marseilles to Podestat, to afford increased facilities for the
commerce and manufactures of the town andport ; secondly,
t° acquire land on both sides of the line throughout its
length for building and other purposes, to which great value
Will be given by the construction of the railway.
The reputation of Marseilles as the first maritime city of
zrance is well known, second only to Paris in population
and wealth ; its position and capabilities give it the cora-
Illand of French commerce in the Mediterranean.
Within the last ten years Marseilles has been placed in
direct railway communication with Paris and all parts of
Prance. Magnificent docks and warehouses have been con-
structed ; but great and rapid as those new works have been
they are still far behind the requirements of its ever-in-
creasing trade.
The old quarters of the town are being demolished to
Make room for handsome streets andpublic buildings. The
Population thus displaced are driven to the suburbs, more
especially towards the south, where the lands of the Com-
pany, are situate, and where a fine valley stretches from the
'own to the Mediterranean, with a view of the sea, and
°pen to, the refreshing breezes, which during the summer
afford the only relief from the intense heat of the city.
The enormous value of ground in the town may be esti-
-Iliated by the fact that, for any extension, rocks 60 feet high
have to be cleared away to give sites for building ; it will
be readily understood that such a locality is no longer suited
for the erection of ordinary dwellings, or factories and che-
inictil works, which latter, for sanitary reasons, will soon
be driven from the city.
Tile proposed railway, after leaving the port and town
of 300,000 inhabitants, will pass through the southern
suburb, which contains a population of 50,000, and follow
the valley to the sea, at the "Madrague de Montredon,"
from thence it will be continued for three miles along the
coast to Podestat, affording sites for the erection of factories,
with access to the sea, and direct railway communication
with the town and port, and with the Paris, Lyons, and
Mediterranean
lines'
by a junction with the proposed new
branch of the latter to the " Place Castellano."
There are at the present time 460 factories in the town,
employing nearly 10,000 workmen, and the number of
factories would rapidly increase were it not for the heavy
charges to which they are subjected from the increasing
value of the ground occupied, and the want of direct rail-
'way connexion with the port and with the Paris, Lyons,
d Mediterranean lines. The proprietors of these estab-
eshments will gladly avail themselves of the opportunity
of disposing of their present sites to great advantage, and
removing to a locality combining the facilities of sea and
r,mthray communication, with perfect freedom from all the
be of their present position, and where land can
ee obtained from the Company at a tenth part of the price
now paid for building ground in the town.
the
order to form an opinion of the pecuniary results of
Lae proposed operations of the Company, it will be desir-
able to consider separately the income to be derived from
the railway, and the profit to be realised by the sale of the
lamp
the of the Company.
tha it'd, With reference to the railway it must be observed,
t existing lines are connected with the new port
„“ Joliette" and the docks, but that the Old Port, which is
of acres in extent, is entirely without railway communica-
tion or docks, notwithstanding which the official statistics
WGovernment show, that during the last year for
.'„Ya lche they are published, 1863, the returns for the " Old
r° 'h were as follows Vessels. :
Tons of Merchandise.
4,,303 383 of various nations entered, carrying 950,180
„ left, 593,842
1,
8,686 Total of vessels. 1,544,022 Tons.
Du •
ring the same period the returns for the new port
Joliette" were :
Vessels. Tons of Merchandise.
2,609 of various nations entered, carrying 364,121
2,400
„ left, „ 330:876
5,009 Total of vessels. 691,997 Tons.
jlut in addition to this the new port "Joliette" received
K,.,(1 sent off 1,159,024 tons of merchandise in 1863, by
~u,73 steamers" on account of the facilities afforded by the
railways and docks.
It is evident from these returns that a railway to the
old Port must secure a very large amount of goods traffic,
and from" the population of the suburban district through
which the line will pass, and the number of factories, &c.,
reready established in that locality, it is calculated that the
fanus will produce an immediate profit revenue equal to
4 Per cent. on the outlay, which income will be rapidly in,-
fineased by the erection of houses and factories along the
e• There will be seven intermediate stations between
Marseilles and Podestat, one of which will be for the
'lllteely Course " and the "Public Gardens," and "Chateau
torel."
porT,lle Company have contracted for the execution of the
of the railway from the " Place Castellano" to
-redestat," at the price of £185,000.
as Secondly, with reference to the profit to be realised by
',l,e sale of the land of the Company, it may be stated that
Previous speculations in land at Marseilles have been
successful.
The Company have contracted for the purchase of about
~.e0,009 square metres of land (about 300 English acres)
rtuate on both sides of the proposed railway, between the
town and the " Madrague de Montredon ;" 140,9Djaetres
UI Which will be required for the construction of line
and stations, leaving 1,060,000 metres to be sold for the
erection of first-class residences.
, It has been estimated by competent judges of the value of
nuilding sites in the neighbourhood of Marseilles, that on
,the completion of the railway the whole of this land will
De readily sold at the price of at least 20 francs per metre,
at which rate it will produce 21,200,000 francs, or £848,000.
The Company have also contracted for the purchase of a
N'ery large tract of ground beyond the "Madrague de Mon-
tredon," through which the railway will pass to Podestat ;
1,500,000 metres (about 375 acres) of this land, adjoining
ucth sea and railw y,
a will
factories and works of all kinbe at once available as sites for
ds.
Estimating the selling price of this land at 10f. per metre,
3" ,Ba, al sufficiently low to induce the manufacturers to este-
sil their works rapidly in the locality, it will produce a
tiara of 15,000,000 f., or £600,000.
The averafe cash cost to the Company of the land above
ael,ered to is only 51f. per metre, including the houses
ijenady built thereon, and including also upwards of
,‘-'OO,OOO metres of land (about 2,500 acres) on the coast
li;le for three miles beyond the-proposed terminus at
iundestat, which will thus be acquired by the Company
re,' of cost, and which will be made available at some
tr. °lre time by an extension of the railway and the lama-
lon of roads.
An, ample supply of water which is indispensable at Mar-
eltles, both for houses and 'land, can be obtained from the
zisting works, which have cost the municipality more
an 60,000,000 francs.
ffill additional capital required for the payment of land
bo raised in debentures to be repaid out of the produce
the land sales.
Ile practical bearing of the land question is as follows :
the the sale of the laud at the low prices named,
e e profits arising therefrom will not only repay the whole
of the railway, but in addition there will remain a
eery large surplus for division as bonus amongst the share-
biers.
f railway. concession from the French Government is
or the term of 99 years.
e 'The lands of the Company will be freeholds in perpetuity,
cept the small portion occupied by the railway, which
St necessarily be surrendered with the line at the expi-
,ation of the concession.
5,000 of the shares have been subscribed for in
France, and will be issued with £8 per share
paid up thereon ;
3,000 shares will be reserved for issue as full paid-
up shares ; leaving.
12,000 ordinary shares for Issue to the public.

e Theo,ooo
Articles of Association, and also the contract, con-
essita and plans, may be seen at the offices of the s
tolict-
Z 6„: Messrs. Newbon, Evans, and Co., 28, Nicholas-lane,
OPplications for Shares in either of the accompanying
tc-3--
01111,8 rnay be made to the Secretary at the offices of the
PanY, or to the Bankers, Brokers, and Solicitors ; but
„„ itPplication will be entertained unless the deposit
r share on the number applied for has been duly paid to