The Sun.
London, England, 1865-08-09 00:00:00

ABRIDGED PROSPECTUS.

The objects of the Companyare, first, to construct a rail-
way about nine miles in length from the Old Port of Mar-
seilles to Podostat, to afford increased facilities for the com-
merce and manufactures of the town and port ; secondly,
to 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
France is well known ; second only to Paris in population
and wealth, its position and capabilities give it the com-
mand of French commerce in the Mediterranean.

Within the last 10 years Marseilles has been placed in
direct railway communication with Paris and all parts of
France ; magnificent docks and warehouses have been
constructed, but great and rapid as those now works have
been, they are still far behind the requirements of its ever
increasing trade.
The ohi qearters of the- town are beingdernolitthed to
make room for handsome streets and parliebuffdings. The
population thus displaced are driven to the suburbs, more
especially towards the south, whero the lands of the Com-
pany aro situate.
The 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 foJw
the valley to the sea, at the Madrague do Moutrodon, m
thence it will bo 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 now
branch of the latter to the Place Castellano. _ _ _

The Company have contracted for the purchase of about
1,200,000 square metres of land (about 300 English acres)
situated on both sides of the proposed railway between the
town and the Madrague de Montredon, 140,000 metres of
which will be required for the construction of the line and
stations, leaving 1,060,000 metros to be sold for the erec-
tion of first-class residences.

It has been estimated that, on the completion of the rail-
way, the whole of this land will be readily sold at tho
price of at least 20fr. per metro, at which rate it will pro-
duce 21,200,0001 r., or £848,000.
The Company have also contracted for the purchaso of
a very large tract of ground beyond the Madrague do
Montredon, through which the railway will pass to
Podestat.

The average cash cost to the Company of the land above
referred to is only 51fr. per metre, including the houses
already built thereon, and including also upwards of
10,000,000 metres of land (about 2,500 acres) on the coast
line for three miles beyond the proposed terminus at Po-
destat, which will thus be acquired by the Company free
of cost, and which will be made available at some future
time by an extension of the railway and the formation of
roads.

Prospectuses and forms of application for shares may be
had of the secretary at the offices of the Company ;
or of the bankers, brokers, and solicitors. But no applica-
tion will be entertained unless the deposit of £1 per share
on the number applied for has been duly paid to the Com-
pany's bankers. In the event of no allotment being made
to the applicant, the deposit will be promptly returned in
full.