The Sun.
London, England, 1865-12-04 00:00:00

Messrs. CLENCH, SMITH, and Co. are instructed to re-
ceive APPLICATIONS for SCRIP CERTIFICATES
in the
NAPLES PUBLIC WORKS COMPANY
(Limited).
Incorporated under " The Companies Act, 1862," by which
the Liability of eaeh 'Shareholder is limited to the
amount of his Shares.
Capital, £1,200,000, First Issue, £600,000, with power to
increase.
In 6,000 Provisional Scrip Certificates to Bearer, of £lOO
each, of which £3 must be paid on Application, and a
further sum of £7 on Allotment; each of such Scrip Cer-
tificates being divisible into five Share Certificates of
£2O each, upon their being called up and paid thereon
the proportion of 20 per cent. of the nominal value.
Interest on all Calls duly paid by Shareholders during the
first two years of construction, at the rate of 6 per cent.
per annum, or at 7 per cent. if fully paid up. After the
first two years the rentals, then constituting the Share-
holders' revenue, are estimated to yield 10 per cent., irre-
spectively of bonuses from sales.
The £lOO Provisional Scrip Certificates may be exchanged,
with the consent of the Company, for Debenture Bonds,
redeemable in five and seven years, to bear 8 per cent.
interest.

DIRECTORS.
G. A. P. Cavendish Bentinck, Esq., M.P.
Thomas Bradshaw, Esq., Director of the English Joint-
Stock Bank.
John Brown, Esq., Culvers Hadham, Herts.
Captain Windsor Cary Elwes, Guards' Club, Pall-mall.
Chevalier Annibal Giletta, Naples.
R. E. Barrett Lennard, Esq., Reform Club, Pall-mall.
Angus Mackenzie, Esq., Gresham-house, Old Broad-
street.
Sir Thomas Parkyns, Bart., 9, Gloucester-square.
R. A. Routh, Esq., 36, Cavendish-square.
Major-General Tremenheere, Director London and
South African Bank.

ARCHITECT.
Wm. Burgos, Esq., F.R.I.A.
SOLICITORS.
Messrs. Sole, Turners, and Co., Aldermanbury.
BANKERS.
.Agra and Masterman's Bank, Nicholas-lane.
BROKERS.

Messrs. Partridge and Greenfield, 21, Throgmorton-street.
Messrs Price and Devot, 54, Threadneedle-street.

AUDITORS.
liessrs. Johnstone, Cooper, Wintle, and Evans, Coleman-
street-buildings.
SECRETARY.
J. F. O'Brien, Esq.
TEMPORARY OFFICES.

No. 1, Royal Exchange-buildings, London.
This Company is formed for the purpose of executing
Public Works in Naples, and will commence operations by
constructing a Boulevard, upwards of a mile in length and
80 feet wide, connecting the centre. of the city, the Royal
Palace, and the Government buildings with the Chiaja, and
Corso Victor Emanuel, the chief carriage drive of the
Neapolitan people. The entire project is shown on the
accompanying plan, where the portion coloured red indi-
cates the first section of the works, and that coloured blue
(for which plans are now being prepared, and arrange-
ments are in progress with the Municipality) is marked out
to be subsequently proceeded with.
Naples,' the third city in Europe, contains about 600,000
inhabitants, and is rapidly increasing in population and
commercial development. It is fire port and centre of a
population numbering nearly 2,000,000 souls, dwelling
within a radius of twenty miles, and is much frequented
by foreigners from all parts of the world, both for tempo-
rary and permanent residence.
A tender for this work was made to the Municipality of
Naples, in accordance with a decree of expropriation, and
having been accepted by them, and approved in due form
by the prefect, on behalf of the Government of Italy, the
requisite compulsory powers are thus secured for the pur-
chase and expropriation of the necessary land in fee-simple
for the intended object, without delay of other legal forma-
lities. The Municipality of Naples upon accepting this
tender required the usual deposit of caution money, which
the concessionaire has accordingly paid.
The Municipality contributes a subsidy of 1,800,000 f.,
progressively as the works proceed,
Prospectuses and all information can bo obtained from
Messrs. Clench, Smith, and Co., 1, Royal Exchange-build-
ings, and copies of the Articles of Association may also be
obtained from the Brokers and Solicitors.