The Sun.
London, England, 1865-07-31 00:00:00

liINAHAN'S LL WHISKY v. COG-NAG
BRANDY.
Tuis ocle oated Old IRISH WHISKY rivals the finest
PRRNCII BRANDY,
It ij Pare,Mild, ilellow, Delicious, and very Wholesome.
sold in Bottles, 3s. Bd., at the Retail !louses in London; by
the Mutts in the principal towns in England ; or wholesale
at

8, GREILT WINDMILL-STREET, LONDON, W.
Observe the Red Seal. Pink Label, and Cork branded
"Rinahan's LL Whisky."

-wHAT A. STUPID FELLOW YOU ARE
to bite off the end of your Cigrar, when you can
buy one of " BUTCHER'S PATENT KEY-RING CIGAR
NIPPERS" for a Penny. Sold everywhere.

UTUA.L LOAN FUND ASSOCIATION
JL (Inc xporated by Act of Parliament, P 3,50).

14, ItUSSELL-STREET, COVENT-GA.ItDEN,
LENDS MONEY on Personal and Other .Becarity, in sums
of £2O to £sou, to be repaid by instztlldeiits extending over
one, two, or three years. The large C ipital of this Associa-
tion enables it lo complete its transactions without delay.
No inquiry o • office fees, and strict secrecy observed. Bilis
Discounted at short notice. Form sent free on receipt of a,
directed stamped enve!op.?. •
The. Association also lends Money for the purchase of a
h-onse by a tenant, or for the liquidation of mortgages, on
terms most advantageous to the borrower. .

EDWARD HARPER. Secretary.

MARSEILLES EXTENSION RAILWAY
all. and LAND COMPANY (Limited).:_

incorporated under " The Companies Act of 1862.1'
Capital £400,000, in 20,000 Shares of £2O each,
7,000 of which have already been subscribed for in England
and France.
3,000 will be reserved for issue-as Paid-up Shares.
Interest at the rate of 6 per cent. per annum is guaran-
tee(' to-be paid by the Contractors on the capital called up
during the construction of the works.
£1 per Share to be paid on Application, and ..£1 on Allot-
ment.
Future calls not to exceed £5 per Share, nor to bo made
at intervals of less than three months.
DIRECTORS.
LONDON.
William Lee, Esq., M.P., Director of the London and
County Bank.
tottiJames Child; Esq., lloeham.pton, Director of the East
ondon RaillmCcewaNig
WOW
!ration Company of France.
The Hon. A. C. Hobart, Berkeley-square, Director of
the Russian Iron Works Company.
Hugh H. L. Astley, Esq., Nicholas-lane, Director of the
City Offices Company.
J. Pennington Legh, Esq., Brighton, and Knutsford,
Cheshire.
Clarence A. Collie; Esq., Norfolk-street, Park-lane.
PARIS.
M. Le Comte Clary, Senateur, Rue d'Aumalo.
Al. Jules Talabot, Boulevard des Italiens.
SOLICITORS.
Messrs. Newbon, Evans, and Co., Nicholas-lane, Lombard-
. street.
BANKERS.
The imperial Bank, Lothbury.
BROKERS.
Messrs. Robins, Barber, and Dailey, Threadneedle-street.
ENGINEER.
Geo. Berkley, Esq., 24, Great George-street, Westminster.
SECRETARY (PRO TEM.).
H. P. Hakewill, Esq.
• TEMPORARY OFFICES.
4A, Alderman's-walk, New Broad-street.
PROSPECTUS.
The objects of the company are, first, to construct a rail-
way, about nine miles in length, from the " Old Port" of
Marseilles to Podestat, to afford increased facilities for the
cotnmerce 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
Prance is well known, second only to Paris in population
and wealth ; its position and capabilities give it the corn-
nrand of French commerce in the Mediterranean.
Within the last ton years Marseilles has been placed
,in
direct railway communication with Paris and all parts of
France. Magnificent docks and warehouses have been con-
structed ; but great and rapid as those new works have been
they are still far behind the requirements of its ever-in-
creasing trade.
The old quarters of the town are being demolished to
make room for handsome streetsandpublic buildings. Tho
Population thus displaced are driven to the suburbs, more
especially towards the south, whore the lauds of the Com-
Pany are situate, and where, a fine valley stretches from the
town to the Mediterranean, with a view of the sea, and
°Pen to the refreshing breezes, which during the summer
afford the only relief from the intense heat of the city.
. The enormous value of ground in the town may be esti-
/flitted by the fact that, for any extension, rocks 60 feet high
have to be cleared away to give sites for building ; it will
he'readily understood that such a locality is no longer suited
for the erection of ordinary dwellings, or factories and che-
inical works, which latter, for sanitary reasons, will soon
bo driven from the city.
The proposed railway, after leaving the port and town
ir)f 300000 inhabitants, will pass through the southern
suburb, which contr.ins a population of 50,000, and follow
the valley to the sea, at the "Madrague de Montredon,"
from thence it will be continued for three miles along the
coast to Podestat, affording sites for the erection of factories,
tt.ehe
arrne townan andline
s,pobryt,
with access to the sea, and direct railway communication
vith i
and with the Paris, Lyons, and
a junction with the proposed new
branch of the latter to the " Place Castellano."
There are at the present time 460 factories in the town,
employing nearly 10,000 workmen, • and the number of
factories would rapidly increase were it not for the heavy
charges to which they are subjected from the increasing
Value of the ground occupied, and the want of direct rail-
Way connexion with the port and with the Paris, Lyons,
and Mediterranean lines. The proprietors of these estab-
lishments will gladly avail themselves of the opportunity
of disposing of their present sites to great advantage, and
removing to a locality combining the facilities of sea and
railway communication, with perfect freedom from all the
difficulties of their present position, and where land can
be from the Company at a tenth part of the price
now paid for building ground in the town.
, In order to form au opinion of the pecuniary results of
'lie proposed operations of the Company, it will be desir-
e to consider separately the income to be derived from
In railway, and the profit to be realised by the sale of the
'and of the Company.
First, with reference to the railway it must be observed,
that the existing lines are connected with the new port
eLJoliette" and the docks, but that the Old Port, which is
au7 acres in extent, is entirely without railway communica-
tion or docks, notwithstanding which the official statistics
of the Government show, that during the last year for
Which. they are published, 1863, the returns for the " Old
l'ort" were as follows :
Vessels. Tons of Merchandise.
4,883 of various nations entered, carrying 950,180
4,303 f 7 tt left, „ 593,842
8,686 Total of vessels. 1,514,022 Tons
During the same period the returns for tho new port
"Joliette" were :
Vessels. Tons of Merchandise,
• 2,609 of various nations entered, carrying 364,121
2,400 71 „ left, I? 330.876

enera

5,009 Total of vessels. 691,997 Tons.
but in addition to this the new port "Joliette" received
and sent off 1,159024 tons of merchandise in 1863, by
5,373 steamers, on account of the facilities afforded by the
l'ailways and. docks.
It is evident from these returns that a railway to the
Old Port must secure a very large amount of goods traffic,
and from the population of the suburban district through
Nrhieh the line will pass, and the number of factories, &c.,
already established in that locality, it is calculated that the
levenue will produce an immediate profit revenue equal to
5 per cent. on the outlay, which income will be rapidly
reaseZin-
d by the erection of houses and factories along the
e• There will be seven intermediate stations between
llarseilles and Podestat, one of which will be for the
1%14e° Course," and the " Public Gardens," and " Chateau
rep y. 7,
The Company have contracted for the execution of the
works of the railway from the " Place Ca,stellane" to
" Podestat," at the price of £185,000.
Secondly, with reference to the profit to be realised by
Iho sale of the land of the Company, it may be stated that
411 Previous speculations in land at Marseilles have been
successful.
The Company have contracted for the purchase of about
1,200,000 square metres of land (about 300 English acres)
situate on both sides of the proposed railway, between the
town and the "Madrague do Montrodon 140,0Dp_metres
of which will be required for the constructionof "the line
and stations, leaving 1,060,000 metres to be sold for the
erection of first-class residences.
It has been estimated by competent judges of the value of
building sites in the neiqhbourhood of Marseilles, that on
the completion of the railway the whole of this land will
be readily sold at the price of at least 20 francs per metro,
et which rate it will produce 21,200,000 francs, or £848,000.
The Company have also contracted for the purchase of a.
Verylarge tract of ground beyond tho "Madrague de Mon-
trodon,,, through which the railway will pass to,Podestat ;
1,500,000 metres (about 375 acres) of this land, adjoining
both sea and railway, will be at once available as sites for
lfactories and works of all kinds.
Estimating the selling price of this land at 10f. per metre,
t,81.111:1 sufficiently low to induce the manufacturers to esta.-
iish their works rapidly in the locality, it will produce a
sum of 15,000000 f., or £6OO 000.
The average cash cost to the Company ofthe land above
l'ferred to is only 51f. per metre, including the houses
l.ready built thereon, and including also upwards of
it .u,000,000 metres of land (about 2,500 acres) on the coast
;Ile for three miles beyond tho proposed terminus at
rotlestat, which will thus be acquired by the Company
:re() of cost, and which will be made available at some
‘1
time by an extension of the railway and the forma-
-011 of roads.
ample supply of water, which is indispensable at Mar-
e ales, both for houses and land,
can be obtained from the
itu'tiag works, which have cost the municipality more
an 60,000,000 francs.
fiThe additional capital required for the payment of land
ll be raised in debentures to be repaid out of the produce
the land sales.
ehe practical hearing of the land question is as follows :
Assuming the sale of the land at the low prices named,
~,e,profits arising therefrom will not only repay the whole
;;'s' of the railway, but in addition there will remain a
herY large surplus for division as bonus amongst the share-
elders.
f,,T110 railway cession from the French Government is
-ritile term of 99 year.
,:-`lle lands of the Company will be freeholds in perpetuity,
ilsec'pt the small ortion occupied by the railway, which
lust necessarily surrendered with the line at the expi-
ration ybe
of the concession.
5,000 of the shares have been subscribed for in
France, and will be issued with £8 per share
• paid up thereon ;
3,000 shares will bo reserved for issue as full paid-
up shares ; leaving
12,000 ordinary shares for issue to the public.

20000
e„ The Articles of Association, and also the contract, con-
CBB'°us, and plans, may be seen at the offices of the solici-
ilZ3l Messrs. Newbon, Evans, and Co., 28, Nicholas-lane,
to4Pplications for Shares in either of the accompanying
Conn,„ may be made to the Secretary at the offices of the
ac;—Pany, or to the Bankers, Brokers, and Solicitors ; but
aPplication will be entertained unless the deposit of £1
vvr share on the number applied for bee been duly paid to