The Sun.
London, England, 1862-08-07 00:00:00

-111 OLD -AVIAN RAILWAYS.—
,1 From G Viarz to the North-Western Frontier of Mol-
davia, to Jassy (the capital of Moldavia), and to the Salt
Mines at Okur
its
Company to ' oe incorporated With Limited Liability, under
Su
kl{the
siJoint stock Companicis Acts in England, with a
b .e. Incorporation. in Moldavia.
each a'
Capital, X`4440,000, in 122,000 Shares of £2O or 500 francs
; rid XJ,0e,0,000 in. Debenture. Bonds at 6 per cent.
Inters Est at 6 per cent, per annum oh the paid up capital
during constru cton. A minimum dividend of 6 per cent.
per annv on thin. hole capital is guaranteed by the Go-
Lelanle nt of the -United Principalities of Moldavia and
VYBHP.chia, payabie as each section is orened.
AGENTS ITIJ:t THE COMPANY—TIe Ottoman Bank.
BANxEits—Messrs. Glyn, Mills, and Co., London.
The Agents are instructed to, receive subscriptions for
the above share capital on the *following terms :
Paynaen t on
'allotment. • • •..
~, 1 Feb., 1863
.. 5
~ 125 1,
-. £5 or 125 francs per share.
~ 1 August, 18'64. 2,, 0
1,1, 1 Feb., 186 E, _2 ~ 5 )9
1 f , If
2 1 August. 1865. 2 50
1, 1 Feb., )'866,,
g 66 .. 2 „ 50 ff
1 Feb., 1867 .. 2 „ 0 ~
31

£2O 600 francs.
_ Each sharehe
full on one-fol ;I'der will have the option of paying up in
trzth of the shares allotted to him. An option
will ales' "e euerved to the shareholders to take up the De-
Py. enture Bor ids when they are issued, Failing the exercise
the sh, htaolders of their option they will be taken at par
ay„the co, at:rectors in part payment of their contract sum.
Willme et the convenience of subscribers abroad, provision
1:811be ads in the constitution of the Company for the
e snares "To Bearer," so soon as £lO per share has
7leien up ; and for payment of the interest on those
5 area t Amsterdam, Berlin, Hamburg, Paris, and Vienna,
et..tho a,gency of Messrs. Bischoffsheim, Goldschmidt, and
4 concession, dated the 25th April, 1862, and expiring
:11 T he 31st of December, 1963, has been granted by the Go-
.nment of the United Principalities of Wallachia and
eldavia (the independence of which is secured by the
.?treaty of Paris, 1857), to Monsieur Pierre Mavrojeny and
his Highness the Prince Leo Sapieha, for the construction
and working of the above Railways.
The State guarantees an annual interest of 6 per cent.
Per annum on the above capital of £3,440,000, payable as
each section is opened, and calculated on an expenditure of
£11,584 per mile.
A contract has been entered into with Messrs. Brassey,
-vete, and Betts for the completion, in the terms of the con-
tr'Cession, of the Railways and Works, including construction
stations and provision for adequate rolling stock. A con-
', t,act has also been entered into.with-Massrs. M'Clean and
nikman, civil enghieers, covering all the surveying and
'aßineering expens es. Agreements have been concluded
!lidWith the concessic,naires for the transfer of the concession,
prelim=inary expenses up to the formation of the
l'orepany. 'Pr °vision has been made for payment of inte-
rest at 6 per cent, per annum on capital during the progress
thOf the works. and until the Railway is completed and open
roughout for traffic. After providing for the above, the
,Tills capital will suffice for the purchase of the land, for
the
tie costa of formation of the Company, and for administra-
n and all other charges during construction, both' in
England and Moldavia.
Wily The ceApital subscribed will be held by the agents. who
frVm time to time, with the approval of the Local Board,
make payments to the contractors upon the certificates of
bMessrs.r M'Clean and Stilemau, of Great George-street,
Ait.minster, the engineers who have been appointed n
rilf of the Company
.„:.'he Local Board, until the completion and opening of the
•"rnrn ailway, will consist of the following entlemen,
11.13. Prince Leo Sapieha, President of the Austrian
`Charles-Louis Railway.
M. Pierre Mavrojeny, V.P. of Elective Chamber of
United Principalities.
M. Jean A. Cantacuzene, Jassy.
M. Nicolas Catargi, Jassy, Deputy.
M. Emmanuel Chri&overghy, Jassy.
M. Demetre Ca.sadin Jassy ,Deputy.
zan
Mr. Alfred L. Powell, Local Director of the Ottoman
at Galatz.
The Court of Directors for the time being of the Ottoman
'Zarb will form a Corresponding and Finance Committee in
gale.
-en, rind through this Committee all payments will be
'gale
The present members of the Cana are-
1-1. A. BRUCE, Esq., M.P., Chairman.
Sir WM. CLAY, Bart., Vice-Chairman.
Jalz
. Aea Alexander, Esq, George T. Clark.
derson, Serson,Esq. Pascoe Du Pre Grenfell, Esq.
Bell, Esq. J. W. Larking, Esq.
'rnO'n. T. C. Bruce. L. M. Rate, Esq.
'The Railway will be completed in sections as under :-
1. Galatz to Tekouch about 50 English miles.*
2. Tekouch „ Adjud 10
3. Adjud „ Roman
„ „
65
1)
1,
4. Roman „ Jassy
6. Adjud „ Okna „ 45
„ 32
6. Roman „ Austrian Frontier ,75 /1 Immediately previous to the completion of the first and
second sections, which will be opened simultaneously, a
fleeting of the shareholders will be convened, and they will
e the power of appointing, if they see fit, a managing
erector, to take charge, in conjuntion with the Local
PZoard, of the working of the sections as they are com-
ete&
the completion and opening of the entire Railway the
WillP,oard and the corresponding and finance committee
retire from office, and their re-appointment, or the
',lsofe, intment of their successors, will rest NI ith the Share-
ere, by whom also any casual vacancy in the Local
-4rn?rArcl will be supplied.
The main line of the Railway (about 220 miles in length)
commence at the Port of Galatz, and following the
Telly of the Sereth will pass through or near the towns of
i'touch, Adjud, Bakou, and Roman, to a point on the
6°llh-west frontier of the Principalities. There are two
tollalches starting from the main line, one (about 45 miles)
aasy, the capital of moia..r., eua
.4ulea) to Okna, the most important salt-producing district
Of the p..hicipalities.
Mrn-qoavia, now a constitutional state without debt, is
well known as one of the greatest corn producing countries
It}f, Europe. The valley ,
of the Sereth and the districts
ough whieli the lines peas, are the most fertile in the
rrincipalitiee3. Galatz is indisputably the most thriving
eornreercim port of the Black Sea.
a, The lir.ze, 'will, in conjunction with the proposed exten-
ab._l°ll of '"he Austrian Charles-Louis Railway (for the con-
co-Itlcin of which a Company will be formed so soon as the
6811118Ccnction of the Moldavian Railway is assured), estab-
thennbroken and direct railway communication between
'Baltic, the German Ocean, and the Black Sea.
London by that route will be brought within 60 hours of
;4._41111t2) and 70 hours of Odessa and Southern Russia. Con-
,,entinpe will be reached in four days ; Taganrog and
r,rebizond (the great entrepots for the Caspian, Persia, and
tie Asia) in five days and Alexandria in seven days ;
471111 establishing a new 'and independent route to India,
astralia, China, and the East.
Detailed particulars of the undertaking and its prospects
been prepared from Government returns made in 1859,
leh show that the dividend which may be anticipated
S,..ere traffic now existing will amount to 12 per cent. per
iillll2l and that dividend may fairly be expected to reach
th east 15 per cent. per annum when the connection with
e,Charles-Louis Railway is completed. The best evidence
ttia, this estimate is not excessive is to be found in the fact
8!a tithe Charles-Louis Railway (from Craeow to Lemberg,
Cegth ot 215 miles, of which the Prince Leo Sapieha, a
eber of the Local Board of this undertaking, is the
irlean)—a more expensive line, passing through a less
kechietive country—has already earned per cent. per
Iluto, although that railway has been very recently opened.
tjak certified translation of then concession and Cahier des
tizirllZes and also the contract with Messrs. Brassey, Peto,
Setts,' can be inspected at the offices of Messrs. Bircham,
`".l.3'reple and Drake, 46, Parliament-street, or at Messrs.
Wift,
Wagstaff, and Co.'s, Great George-street.
414Pplications for allotment, after payment to Messrs.
ti„3'll,z and Co., of a deposit of £1 per share on the
of tr Cof s'aares applied for, to be addressed to the agents
the
miquertnro.pany at their offices, 4, Bank-buildings, E.C,, or
entioned brokers :
1,881.8', Laurence, Son, and Pearce, Auction Mart, Bartho-
Ce4lleW-lane, E.C.
bee $e Seymour, 38, Throgmorton-street, E.G.
I P. Cazenove and Co., 52, Threadneedle-street, E.C.
be th
e event diately oreturned. being no allotment made the deposit will
leae
By order of the Ottoman Bank,
L
1.4 c h W. LANDER Assistant Secretary.
mea, 4, Bank-buildings, E.C., , August 5, 1862.

To
b FORIA OF APPLICATION FOR SHARES.
6 forwarded to the Agents, after payment of the pre-
To liminary deposit to the Bankers.
`',o Agents of the Moldavian Railway Company
L` o, ).
etlemen,—Having paidimited to Messrs. Glyn, Mills, and
4110:11,e (L
811131 Of £ , I hereby request that you will
1:144,-"e shares in the Moldavian Railway Com-
or E; (Limited), and I hereby agree to accept such shares,
Ithe?stoaller number that may be allotted to me, and
ghee requibi:2ll the articles of association of the Company
red.
I am, Gentlemen, your obedient servant.
Name in full
Address in full
Date

the f-c, be opened previous to the date fixed for payment of
tletaltnent in August, 1864.
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26, Cornhill, London, E.Q.

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