The Sun.
London, England, 1862-08-05 00:00:00

o
-MOLDAVIAN RAILWAYS.-
A-- From the Nrn of Mol-
davia, to JassyGalatz to
(the capital ofrth-West Moldaveia), and Frontier
to the Salt
Mines at Okna.
Company to be incorporated with Limited Liability, under
the Joint-stock Companies Acts in England, with a
Subsidiary Incorporation in Moldavia.
Capital, £2,440,000, in 122,000 Shares of £2O or 500 francs
each; and £1,000,000 in Debenture Bonds at 6 per cent.
Interest at 6 per cent, per annum on the paid up capital
during construction. A minimum dividend of 6 per cent.
per annum on the whole capital is guaranteed by the Go-
vernment of the United Principalities of Moldavia and
Wallachia, payable as each section is opened.
AGENTS FOR THE COMPANY—The Ottoman Bank.
BANKERS —Messrs. Glyn, Mills, and Co., London.
The Agents are instructed to receive subscriptions for
the above share capital on the foLowing terms :
Payment on allotment £5 or 125 francs per share.
71 1 Feb., 1863 5 „ 125
1 August, 1864. 2 „
11 1 Feb., 1865 2 „ 50 /I
„ 1 August, 1865 2 „ 50 17
„ 1 Feb., 1866 2 „ 50
„ 1 Feb , 1867 2 „ 50

£2O 500 francs.
Each shareholder will have the option of paying up in
full on one-fourth of the shares allotted to him. An option
will also be reserved to the shareholders to take up the De-
benture Bonds when they are issued. Fai,ing the exercise
by the shareholders of their option they will be taken at par
by the contractors in part payment of their contract sum.
To meet the convenience of subscribers abroad, provision
will be made in the constitution of the Company for the
issue of shares "To Bearer," so soon as £lO per share has
been paid up ; and for payment of the interest on those
shares at Amsterdam, Berlin, Hamburg, Paris, and Vienna,
by the agency of Messrs. Bischoffsheim, Goldschmidt, and
Co.
A concession, dated the 25th April, 1862, and expiring
on the 31st of December, 1963, has been granted by the Go-
vernment of the United P incipalities of Wallachia and
Moldavia (the independence of which is secured by the
treaty of Paris, 1857), to Monsieur Pierre Mavrojerty and
his Highness the Prince Leo Sapieha, for the construction
and working of the ab ye 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,
Peto, and Betts for the completion,
in the terms of the con-
cession, of the Railways and Works, including construction
of stations and provision for adequate rolling stock. A con-
tract has also been entered into with Messrs. M'Clean
and
Stileman, civil engineers, covering all the surveying and
engineering expenses. Agreements have been concluded
With the concessionaires for the transfer of the concession,
and all preliminary expenses up to the formeantitonofoifntthof
Company. Provision has been made for payment rest at 6 per cent. per annum on capital during
of the works, and until the Railway is completedtheanp progress
gropen
s
throughout for traffic. After provid.gforot the e
theabove,
land, thefor
surplus capital will suffice for the purchase
the costs of formation of the Company, and forh in
administra-
lionot and all other charges during construction,
England and Moldavia.

The capital subscribed will be held by the agents. who
will from time to time, with the approval of the Local Board,
make payments to the contractors upon the certificates of
Messrs, M'Clean and Stilemau, of Great George-street,
Westminster, the engineers who have been appointed on
behalf of the Jompany.
The Local Board, until the completion and opening of the
Railway, will consist of the following gentlemen, viz.:—
H.H. 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 Chrissoverghy, Jassy.
M. Demetre Casadin, Jassy ,Deputy.
Mr. Alfred L. Powell, Local Director of the Ottoman
Bank at Galatz.
The Court of Directors for the time being of the Ottoman
Bank will form a Corresponding and Finance Committee in
London, and through this Committee all payments will be
made.

The present members of the Court are—
IL A. BRUCE, Esq., M.P., Chairman.
Sir WM. CLAY, ~ ce-hairm
James Alexander, Esq. Bart
Georg Vie T. Clark
an..
J. Anderson, Esq. Pascoe Du Pre Grenfell, Esq.
Charles Bell, Esq. J. W. Larking, Esq.
Ron. 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 /7 0
3. Adjud „ Roman 65
)1 4. Roman „ Jassy „ 45
5. Adjud „ Okna ~ 32 ~
6. Roman „ Austrian Frontier , 75
Immediately previous to the completion of the first and
second sections, which will be opened simultaneously, a
meeting of the shareholders will be convened, and they will
have the power of appointing, if they see fit, a managing
director, to take charge, in conjuntion with the Local
Board, of the working of the sections as they are com-
pleted.
On the completion and opening of the entire Railway the
Local Board and the corresponding and finance committee
will retire from office, and their re-appointment, or the
appointment of their successors, will rest "a ith the Share •
holders, by whom also any casual vacancy in the Local
Board will be supplied.
The main line of the Railway (about 220 miles in length)
will commence at the Port of Galatz, and followi the
Valley of the Sereth will pass through or near the towns of
Tekouch, Adjud, Bakou, and Roman, to a point on the
north-west frontier of the Principalities. There are two
branches starting from the main line, one (about 46 miles)
to Jassy, the capital of Moldavia, and the other (about 32
miles) to Okna, the most important salt-producing district
of the Principalities.
Moldavia, now a constitutional state without debt, is
well known as one of the greatest corn producing countries
of Europe. The valley of the Sereth, and the districts
through which the lines pass, are the most fertile in the
Principalities. Galatz is indisputably the most thriving
commercial port of the Black Sea.
The line will, in conjundtion with the proposed exten-
sion of the Austrian Charles-Louis Railway (for the con-
struction of which a Company will be formed so soon as the
construction of the Moldavian Railway is assured), estab-
lish unbroken and direct railway communication between
the Baltic, the German Ocean, and the Black Sea.
London by that route will be brought within 60 hours of
Galatz, and 70 hours of Odessa and Southern Russia. Con-
stantinople will be reached in four days; Taganrog and
Trebizond (the great entrepots for the Caspian, Persia, and
Central Asia) in five days, and Alexandria in seven days;
thus establishing a new and independent route to India,
Australia, China, and the East.
Detailed particulars of the undertaking and its prospects
have been prepared from Government returns made in 1859,
which show that the dividend which may be anticipated
from traffic now existing will amount to 12 per cent, per
annum, and that dividend may fairly be expected to reach
at least lb per cent. pet annum when the connection with
the Charles-Louis Railway is completed. The best evidence
that this estimate is not excessive is to be found in the fact
that the Charles-Louis Railway (from Craeow to Lemberg,
a length of 215 miles, of which the Prince Leo Sapieha, a
member of the Local Board of this undertaking, is the
chairman)—a more expensive line, passing through a less
productive country—has already earned 111 per cent, per
annum, although that railway has been very recently opened.
A certified translation of the concession and Cahier des
Charges, and also the contract with Messrs. Brassey, Peto,
and Betts can be inspected at the offices of Messrs. Bircham,
Dalrymple, and Drake, 46, Parliament-street, or at Messrs.
Swift, Wagstaff, and Co.'s, Great George-street.
Applications for allotment, after payment to Messrs.
Glyn, Mills, and Co., of a deposit of £1 per share on the
number of shares applied for, to be addressed to the agents
of the Company at their offices, 4, Bank-buildings, E.C,, or
the undermentioned brokers :
Messrs. Laurence, Son, and Pearce, Auction Mart, Bartho-
lomew-lane, E.C.
George E. Seymour, 38, Throgmorton-street, E.C.
Messrs. P. Cazenove and Co., 52, Threadneedle-street, E.C.
In the event of no allotment being made the deposit will
be immediately returned.
By order of the Ottoman Bank,
W. LANDER, Assistant Secretary.
London, 4, Bank-buildings, E.C., August 6, 1862.

FORM OF APPLICATION FOR SHARES.
To be forwarded to the Agents, after payment of the pre-
liminary deposit to the Bankers.
To the Agents of the_3loldavian Railway Company

(Limited).
Gentlemen,—Having paid to Messrs. Glyn, Mills, and
Co. the sum of £ , I hereby request that you will
allot me shares in the Moldavian Railway Com-
pany (Limited), and I hereby agree to accept such shares,
or any smaller number that may be allotted to me, and
agree to sin the articles of association of the Company
when required.

am, Gentlemen, your obedient servant.
Name in full
Address in full
Date

* To be opened previous to the date fixed for payment of
the instalment in August, 1864.

Just published, Bvo, in cloth, price 55., by post free, ss. 6d,
.
(IN THE SUCCESSFUL TREATMENT of
V STRICTURES of the URETHRA; showing why they
so often appear Incurable, when in reality they might be
removed by the most simple means.
By F. B. COURTENAY, M.R.C.S.E.,
And formerly Surgeon to the Metropolitan Infirmary for the
Cure of Strictures of the Urethra.

" This work is the production of a surgeon whose special
attention has been directed, through a long professional life,
to the treatment of strictures of the urethra. The cases
Which Mr. Courtenay ham given supply ample cridence of his
Feat discriminative power in the diagnosis of the various
hinds of stricture, and of the scientific principles upon which
their management is founded. By hic systematic management
an immense mitigation of pain to the unhappy sufferers is
attained, and future mischief prevented. The work we can
most unreservedly and confidently recommend as a valuable
_ucontribution both to the general and professional reader, and
?ght to be found in the private study of all who are Subject
to
stricture.".
_Medical Circular.