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

PROSPECTUS.
kit: East London Railway will complete the metro-
cora system of railways, recommended by the joint
1864•
raittee of both Houses of Parliament in the session of
toll() line as sanctioned by the act of this session will
ttstireence with junctions with the Brighton, SouthT, n-
e,:lons,cpSouth-Eastern, and North Kent Railways, near ew-
taerel,ccommodating in its course the Surrey and Cora-
on Docks, the London Docks, and the East of Lon-
ata4.! and will terminate in the City, at a great terminal
',len•
in Liverpool-street. There will be a branch to the
I"a' Eastern, through which connections will be formed
t% the the North London and London and North-Western
h-n Y- and the line will pass through and accommodate
it important districts of New-cross, Deptford, Rother-
Ce, Wapping, St. George-in-the-East,
7, Whitechapel, Bethnal-green, Bishopsgate, and Shore-
h,irC and afford an outlet by the principal railways of the
nsdom to the most densely-populated parts of the metro-
vs The terminus ill Liverpool-street being in the centre of
business part of ofth City, situate close to the Bank and
° exchange, must necessity command for this line the
11L.,gest metropolitan omnibus traffic within and out of
004400. It will effect an interchange of traffic with the
Tetropolitan Railway, and through that line with the
Ite.r Northern, the Great Western, and the. Midland
waYa, and it must become practically the City term-
the London, Brighton, and South Coast Railway.
li,'he extraordinary expansiveness of metropolitan rail-
Ti traffic has now been most abundantly demonstrated.
143 Metropolitan Railway, with only 31 miles opened,
p4i the heart of the City as yet unreached, carries more
theslngers than the Great Eastern with 665 miles ; than
1.10,"-4°Tlon and South-Western with 513 miles; or the
pa`tiaad with 641 miles opened ; and the receipts from
4,istengers per mile per week exceed, by more than 50 per
am the united receipts per mile per week for passengers
L °e'cls of the seven great railways having termini in
The"
ter cost of the property required for the line be less
taile than that of any other metropolitan railway, and
the 11 provided for by the estimates. The length of
aigh,lnet including junction branches, is between seven and
Li Miles, of which the land for the terminal, station at
throerPeol-street, and for nearly one mile of its course
tvitiingh the most expensive district, is purchased jom.tly
lev•el tile Great Eastern Railway, the one running at la
high
by vi,,aod the other at a low level over the same property,
tave,l'i°ll arrangement fully a quarter of a million will be
T n the southern side of the river, from the Thames
per ziel to the junctions of the Southern Railways, the cost
be 11.16 will be very moderate, whilst the tunnel itself has
thaeli obtained without risk of construction at a little more
TOlte-third of its original cost.
arth'e cost of construction is fixed beyond doubt by
Ikvijageolents concluded with Messrs. Brassey, Lucas and
cost or, for a contract, at prices which will make the total
11 the 1,116 works considerably less than the amount allowed
arliamentary estimate.
Therevenue to be derived from this line can be esti-
Tii* with equal certainty.
LORe ordinary receipts of the Metropolitan Railway are
• more than £740 per mile per week from passengers
113i,„and the expenses for the half-year ending December
teve,'"4, were 41 per cent. on the then receipts. This
the is derived from a line connecting, at one end only,
,the Ear tins of ono great trunk line with the City, whilst
a'st London will not only connect three great southern
Ilerthwith the City, but will also
.connect them with the
Tl, ern and eastern systems of railways..
kiltre large population which this line will accommodate,
trafa the high through rates which it :will receive for the
c derived from the great lines with which be
Dasi:•ected, leave no doubt that its receipts per mile from.
It4ijeogers alone will exceed those of the Metropolitan
lierZa,Y• But assuming the East London receipts to be,
"e, not more than those on the Metropolitan in its
the-,:nt incomplete and undeveloped state, and calculating
eO i;"eipfs on six miles only of the East London Railway,
tine-r„sehstantially to confine the calculation to the main
1414'1•0 income from passengers will be £230,880 per
altn, to which must be added for merchandise and coal,
of
.0,°,,w estimate, £100,000; making a total gross income
tt.e7L60,880 ; which, after deduction of 41 per cent. for
ng expenses, will leave a net income of £195,220, or
Tot 14 per cent. on the cost of the line.
mvestors, the rapidity with which this line can be
faetB6cl for traffic, and its security from competition, are
Feat importance. The completion of the central
1• .L 1 at Liverpool-street, and nearly a mile of the line,
P..-''reatly expedited by the arrangement (confirme.d
how ~..rnattlent) with the Great Eastern Company, which is
lag win possession of part of the property, and is proceed-
the works ; the tunnel is
tithe ready for immediate
"e yipl‘',oll to railway uses ;so tha line will certainly
Th'ing revenue in an unusually short space of time.
to shareholders of the Thames Tunnel Company agree
the till° Principal part of their purchase-money in shares
`hi- Railway Company, and other extensive property
cortre(:l for the line will be paid for in like manner.
1, 'l-tiering, then
e position of this line as a connecting link between
so great„ lines of railway communication north and
2, ViLLII of the Thames ;
„,,,-(0) dense population through which it passes, to
r,'"iieh, for a few pence and in a few minutes of time,
:iPpertunity will be afforded of reaching the healthy
4,stricts south of the river ;
he access afforded from the City and the eastern
districts of London to Brighton, Ramsgate, Margate,
• andthe South Coast generally, to the rural districts of
t he
Surrey, and Sussex, and to the Crystal Palace ;
10," large interchange traffic in merchandise and coals
'Lich must pass over this line between north and
6.
The,ow cost per mile, as compared with other metro-
IcTlitan lines, and the certainty that it will be coin-
111,e,ted with great despatch ; and
r,,ste fact, clearly proved by the working of the Metro-
• t",„ttan Railway, that the traffic on such a line can only
f7ee h: 'molted by its carrying powers,—
o'sbe,'lectors feel confident that the dividend to be derived
kilv,-"de line will exceed that of any other metropolitan
Thai'
LeEtti. daring
will provide for payment of interest half-
741.1;1`csring construction at the rate of five per cent. per
411 sh calls, and six per cent. on shares fully paid up.
"ktioe'ting the shares preference will be given to appli-
itigThegfor fully paid-up shares.
holders of paid-up stock have the privilege of pay-
utloti-To. balance of £BO per certificate at once, under dis-
"'kee . 01. six per cent. per annum, which will raise the first
04 ulterest to upwards of seven per cent.
ki„`klatgiatration of the scrip, of which due notice will be
"44 "''3 certificates for £lOO will be divided into five
X2O each.
ret,• flevent of no allotment being made the deposits will
din full. Should a less number of. shares be
Cailkhi than are applied for, the deposits will be made
mtlte,eee tif owards the payment on allotment, and the
Anse ,any) returned to the applicant.
kieci Lations must bo made on the form annexed, accom-
ler„..l-7 Payment of £2 per scrip certificate, to any of the
T;gentioned Banks
:
The Bank London.
Th
Manchester, and Nationalits
Provincial Bank Branches,
Tcrt Zitteodon\al, Bank of Liverpool
Liverpool.
I\l4ti
The te,..Dnal Provincial Bank
The e" and County Bank Leeds.
Provincial Bank of Ireland {Dublin and its Branches
Thein Ireland. dinburgh and Glas-
-40
Yal Bank of Scotland gow, andits Branches
in Scotland.

- OP APPLICATION FOR ORDINARY
SHARES.
A TO
.
er vce Directors of the East London Railway Company.
Chadwick, Adamson, li'Kenna, and Co.,
ki4B-4...cia1 Agents, 27, Great George-street, West-
‘ur,
Pat,elatlenie
all the 11,—Ilaving paid to the Bankers of the Cora-
toot ke 811111 of your credit, I insreqet you to
kril4o4 /la„ Scrip Certificates of £lOO each the East
to "way Company ; and I agree to accept such
alloy the less amount that may be allotted to me, and
ottileilt• further sum of £8 per certificate due upon such

Name in full
Address
FD Profession or Trade
404 Date
t, APPLICATION FOR FULLY PAID-UP
SHARES.
l'er V.:l:Directors of the East London Railway Company.
pZ gars. Chadwick, Adamson, 11 Kenns,,
.andrnCesto._,
r,141.114:itee,41
pa'elltl Agents, 27, Great George-street, w
:113? thrneti--Tiavinz paid to the Bankers of the Comto-
I, 111, of
101c:aterf d. :3,811111 scri-D-C-er-tifitocaytoeusrofcrledloito, learevinuestthyeoEuast
Rail Scrip
Company ; and I agree to accept such
Ny eV less amount that ma allotted to_me,
eannd
114 06 °ll iurther sum of .ElB per y cerbe tificate on allotment,
or before the 23d September, 1865.
Name in full
Address
Profession or Trade
of pros Date
the IZetuses and Forms of Application may be obtained
Of linkers, the Brokeat tho Offices of the
an Co
14441 ••
es"rs• Chad • k, Adamson, 31'Kenna, and Co.,
1R.1711'1:1411 4-gent', 27, Great G e-street, Westminster,
"4°41 all further information faay be obtained.