The Sun.
London, England, 1865-06-15 00:00:00

BROKEIia.

16, -• and A. Scrimgeour, 10, Old Broad-street.
'"rs• Tow-good and Strachan, 83, Tlurogmorton-street.
SECRETARY (PRO TEM.)
C. S. Collard, Esq.
TEMPORARY OFFICES.
4, Skinner's-place, Sise-lane, E.C.

The PROSPECTUS.
polit East London Railway will complete the motiv-
e°lllra44 system of railways, recommended by the joint
3.86 ittee of both Houses of Parliament in the session of
Tile
tote, line as sanctioned by the act of this session will
(10, —elle° with junctions with the Brighton, South Lou-
cr,„2 South-Eastern, and North Kent Railways, near New-
krs, accommodating in its course the Surrey and Com-
, ercial Docks, the London Docks, and the East of I.4sm-
ma
t„,tl,,antj will terminate in the City, at a great terminal
laverpool-street. There will be a branch tolhe
Great Eastena, through which connections will be formed
Liith the the North London and London and North-Western
the I,waYe ; and the line will pass through and accommodate
important districts of New-cross, Deptford, Bother-
"ho Wapping, St. George-in-the-East, Limehouse, Step-
. Whitechapel, Bethnal-green, Bishopsgate, and Shore-
e; n, and afford an outlet by the principal railways of the
Aligdom to the most densely-populated parts of the metro-

The terminus in Liverpool-street being in the centre of
the business part of the City, situate close to the Bank and
tthe exchange, must of necessity command for this line the
Igest metropolitan omnibus traffic within and out of
40ndon. It will effect an interchange of traffic with the
etropolitan Railway, and through that line with the
Great),,,. Northern, the Great Western, and the Midland
ii7mays, and it must become practically the City termi-
nus of the London, Brighton, and South Coast Railway.
The extraordinary expansiveness of metropolitan rail-
Til3r traffic has now been most abundantly demonstrated.
,ve Metropolitan Railway, with only 31 miles opened,
the heart of the City as yet unreached, carries more
iC• etagers than the Great Eastern with 665 miles ; than
1.1:3,,,Li0nd0n and South-Western with 513 miles; or the
paZand with 641 miles opened ; and the receipts from
e4,engers per mile per week exceed, by more than 50 per
am', the united receipts per mile per week for passengers
y goods of the seven great railways having termini in
peT. heed of the property required for the line will be less
R,.,"',Lie than that of any other metropolitan railway, and
the-i,ulciently provided for by the estimates. The length of
ei2l;:ue including junction branches, is between seven and
miles, of which the land for the terminal station at
thrn'rPcol-atreet, and for nearly one mile of its course
nth the most expensive district, is purchased jointly
byq the Great Eastern Railway, the oue running at la
high
w.wisaud the other at a low level over the same property,
say.Tiell• arrangement fully a quarter of a million will be
'LI• On the southern side of the river, from the Thames
eeanel to the junctions of the Southern Railways, the cost
11e will be very moderate, whilst the tunnel itself has
tha eutained without risk of construction at a little more
11,1 one-third of its original cost.
ark" cost of construction is fixed beyond doubt by
/e4l,genients concluded with Messrs. Brassey, Lucas and
eO4 utes, for a contract, at prices which will make the total
the works considerably less than the amount allowed
Thepe rliamentary estimate.
realivenue to be derived from this line can be esti-
TI with equal certainty.
boivae ordinary receipts of the Metropolitan Railway are
ere than £740 per mile per week from ssenrs
11:iieand the expenses for the half-year ending December
rev, ", were 41 per cent. on the then receipts. This
the 5
11
-le is derived from a line connecting, at one end only,
terminus of one great trunk line with the City, whilst
li East London will not only connect three great southern
it-01;801th the City, but will also connect them with the
ern and eastern systems of railways.
'll. lare population which this line will accommodate,
trainthe high through rates which it will receive for the
to, c derived from the great lines with which it will be
eeted, leave no doubt that its receipts per mile from
Mengers alone will exceed those of the Metropolitan
.way. But assuming the East London receipts to be,
„rCsent tinge, not more than those on the Metropolitan in.its
incomplete and undeveloped state, and calculating
flo eeelptS on six miles only of the East London Railway,
Vi
far Substantially to confine the calculation
.to the main
tile, the income from passengers will be £230,880 per
at TIP; to which must be added for merchandise and coal,
Of -7,,„Nv estimate, £100,000; making a total gross income
11.0;t30,880 ; after deduction of 41 per cent. for
aboutl ig expenses, will-leave a net income of £190,220, or
rf J-4 per cent. on the cost of the line.
° investors, the rapidity with which this line
.can be
fa7t• aeci fort ffic, and its security from competition, ariz.!
st 4 of great importance. The completion of the central
°,ll at Liverpool-street, and nearly a mile of the line,
p°4ligrarrieeantlty) expedited by the arrangement (confirmed
with the Great Eastern Company, which is
11'1), in possession of part of the property, and is proceed-
t,,i,lth the works ; the tunnel is also ready for immediate
ber 'cation to railway uses ; so that the line will certainly
iiibeldleg revenue in an unusually short space of time.
to the
shareholders of the Thames Tunnel Company agree
Of iilre the principal part of their purchase-money in shares
e Railway Company, and other extensive property
ured for the line will be paid for in like manner.
I;°l4B4lering, then,—
thee position of this line as a connecting link between
" great lines of railway communication north and
south of the Thames ;
2.
The dense population through which it passes, to
which, for a few pence and in a few minutes of time,
"PPertunit will be afforded of reaching the healthy
dist • 3'.
nets south of the river
The access afforded from the City and the eastern
districts of London to Brighton, Ramsgate, Margate,
I," the South Coast generally, to the rural districts of
,c-,,,ent, Surrey, and Sussex, and to the Crystal Palace ;
"hick
large interchange traffic in merchandise and coals
"uich must pass over this line between north and
.5. south ;
The low cost per mile, as compared with other metro-
politan lines, and the certainty that it will be corn-
8. ~leted with great despatch ; and
e fact, cl early proved by the working of the Metro-
politan Railway, that the traffic on such a lino can only
the be limited by its carrying powers,-
41i01,1 gectors feel confident that the dividend to be derivedtAilwanla line will exceed that of any other metropolitan
Y*
Year), G contract will provide for payment of interest half-
aLn construction at the rate of five per cent. per
Cottu calls, and six per cent. on shares fully paid up.
tetifing the shares preference will be given to appli-
Thil for fully paid-up shares.
e holders of paid-up stock have the privilege of pa -
to,4111,1) the balance of £BO per certificate at once, under dis-
Yew' six per cent. per annum, which will raise the first
,18 interest to upwards of seven per cent.
threh registration of the scrip, of which due notice will be
eliar;' the certificates for £lOO will be divided into five
E 2 of £2O each.
be 1411 e event of no allotment being made the deposits will
auott ed in full. Should a less number of shares be
tt`i'y ;I,', than are applied for, the deposits will be made
baleZie towards the payment on allotment, and the
4,„„`"°„(if any) returned to the applicant.
peaf:',",cations must be made on the form annexed, accom-
tiiide eY Payment of XI per scrip certificate, to any of the
114,:trni_entioned Banks :
The won. Bank London.
-ea
National Provincial Bank.,. /Manchester, and its
ler Branches.
Fiatioank of Liverpool}
Trallted
nal
B
e Liverpool.
The Leeds
Provincial Bank Birmingham.
The 8 and County Bank Leeds.
provincial Bank of Ireland in Ireland.
Th, dinbrh and Glas-
-11°3%1 Bank of Scotland gow,uangditsßranc,hes
• in Scotland.

11°104 OF APPLICATION FOR ORDINARY
To the SHARES.
Per Directors of the East London Railway Company.
pessrs. Chadwick, Adamson, IPlCenna, and Ce 0.,
ratl,llteral Agents, 27, Great George-street, W
DaGeUtl rn.
41,1137th,,,e --en,—Having paid to the Bank Ors of the Com-
gut sum of £ to your credit, I request you to
I. 41e
Scrip Certificates of £lOO each in the East
~11,.Itailway Company ; and I agree to accept such
Dao:', any less %mount that may be allotted to me, and
Itilutel44e. further 'sum of £8 por certificate due upon such

Name in full
Address _
Profession or Trade
Foih Date
-'44. °l' APPLICATION FOR FULLY PAID-UP
SHARES.