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

WkiAbintinit, 160 d Atii YOUR.
P EN t)8 at " E VANS'. " Atter the Opera we
'null Sup there !

KINABAN'S LL WHISKY v.
_COGNAC
BRANDY.
This ode -mated Old IRISH WHISKY rivals the finest
FRENCH BRANDY,
It i. Pare, Mild, Mellow, Delicious, and very Wholesome.
Sold in mottles, 3s. 88., at the Retail Houses in London ; by
tlw Agents In the principal towns in England; or wholesale
at
8, GREAT WINDMILL-STREICT, LONDON; W.
Observe the Red Seal, Pink Label, and Cork branded
"Kinahan's LL Whisky."

WHAT- A -STUPID FELLOW YOU ARE
to bite oil' the end of your Cigar. when yOu can
buy one of " BUTCHER'S PATENT KEY-RING CIGAR
;iII:PERS" for a Penny. Sill everywhere.

MUTUAL LOAN FUND ASSOCIATION
(Inc xporated by Act of Parliament, ISA)

14, RUSSELL-STREET, COVENT-GARDEN,
LENDS MONEY on Personal and other Security, to sums
of :0 to £5OO, to be repaid by instalments extending over
one, two, or three years. The large C tpital of this Associa-
tion enables it to complete its transactions without delay.
No Inquiry or office tees, and strict secrecy observe I. Bills
Diseounted at short notice. Form sent free on receipt of a
directed stamped envelop,. ' '
Ihe Association also- leads Money for the purchase of a
house by a tenant, or for the liquidatiod of mortgages, on
terms most advantageous to the borrower,
EDWARD
.lIARPER, Secretary.

MARSEILLES EXTENSION RAILWAY
and LAND COMPANY (Limited).
Incorporated under " The Companies Act of 1862."
Capital £400,000; in 20,000 Shares of £2O each,
7,000 of which hitve alie-ady been subscriged for in England
and France.
• 3,000 will bo reserved for issue as Paid-up Shares.
Interest at the rate of 6 per cent. per annum is guaran-
teed to be paid by the Contractdrs on the capital called up
during the construction of the,werkS. •
per Share to be paid on Application, and £4 on Allot-
ment. . . .
. Future calls not to exceed £5 per Share, n.pr to be made
at intervals of less than three months.
DDLIECTORS.
LONDON.
William• Lee, Esq., M.P.,- Director of the London and
County Bank.
James Childs, Esq., Roehampton, Director of the East
London Railway Company.
Charles E. Newbon, Esq., Director of the General Irri-
gration Comp a,ny of France.
The Hon:A.-0: Hobart, Berkeley-square, 1./trectur--e-t-
-ite Russian Iron Works Company.
Hugh 11. L. Astley, Esq., Nicholas-lane, Director of the
City Offices Company.
J. Penttington Legh, Esq., Brighton, and Knutsford,
Cheallire:
'Clarence A. Collier, Esq., Norfolk-street,•Park-lane.
PARIS. •
M. Lo Comte Clary, Senateur, Rue d'Aumale.
M Jules Talabot, Boulevard des Italiens.
SOLICITORS. 1,
Messrs. Newbon, Evans,.and Co ~Nicholas-lane, Lombard-
street.
.:. • - . BANXEU.S.
The imperial Bank, Lothbury.
BRO/CERS; 4
Messrs. Robins, Barber, and Dailey, Threadneedle-street.
ENGINEER.
'Geo. Berkley, Esq., 24, Great'Georie-street, Westminster.
SECRETARY (PRO TEM.).
• H. P. HakewiA Esq.
TEMPORARY OFFICES.
4.k, Alderman's-walk, New Broad-street.
- - PROSPECTUS:
The objects of the company are, first, to Construct a rail-
way, about nine mile& in length, from the " Old Port" of
4.l)larseilles to Podestat, to afford increased faeilitiei for. the
commerce andmanufactures of thetown andport ; secondly,
to acquire land •on both sides of the line-thrbughout its
length for building and other purposes, to which great value
• , will bo given by the construction of the railway.
The reputation of Marseilles as the first maritime city of
tFratj,co4i4 well known, socend.only jo Paris in populitiou
and wealth ; its position and capabilities give it the com-
mand of French commerce in the 3klediterranean.
-Within The last ten years Marseilles jaaaheen placed in
direct railway communication with Paris and all parts of'
Prance. Idagnificont docks and warehouses havebeen con-
structed; but k-Felit, and rapid as those new works have been
-'they are still far behind the Irequirements of-its ever-in-
creashig trade.
°The old quarters of the town are being demolished to
malrereom for handsome Streetsandpublic buildingi. The
t Population thus displaced are driven to the suburbs, more
• egpoeially-te*ards the south, where the lauds df the Com-,
pany aro situate, and where a fine valley stretches from-the,
( town to the- Metterranew with a,,view of tltd sea,: and
()Pen to the refreshing :Breezes, Which during the summer
-afford4he only rellefkfbdm the intense beat of the' city.
The engwious value of-ground in the town-may be esti-
mated by the fa& that, for'anyexte'nsion, rocks 60 feethigh
lihwitohiccleared away to give 'sites ftir building ; it° will
beizeidibtisuderstbod that such a locality lane longer suited
for. the erection of ordinary dwellings, or factories and che-
mical works, which latter, for sanitary reasons; will soon
bo drivenfeom the city. • °
The prowsed 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 follow
the:Talley to the sea,
,at the "Madrague.do Montredon,"
from thence it will be continued for three miles .along the
constto-Podestat, affordingsites for the erection of factories,
with access to the sea, and direct railway communication
with the town and port, ,and with the Paris, Lyous, and
Mediterranean lines' by it junction with the proposed now
• branch of the latter to the "Place Castellatie." - -
There are at the present time 460- factories in the town,
employing nearly 10,0.00 werknieri, and the namber of
factories would rapidly. increase were it not for the heavy
charges to which they are subjected from jlie increao,ins,
- value of the 'ground occupied, and `thy want ofdirect rair-7
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, anti
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 obtained front the Company at a tenth part of the price
new paid for building ground in the town.
In order to form an opinion of the pecuniary results of
the proposed operations of the Company, it will be desir-
able to consider separately the income to be derived from
the railway, and the profit to be realised by the sale of the
land of the Company.
First, with reference to the railway it must be observed,
that the existing lines are connected with the new port
"Joliette" and the docks, but that the Old Port, which is
67 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
Port" were as.follows :
Vessels. Tons of Merchandise.
4,3810 of various nations entered, carrying 950,180
4,303 „ left, ~ 593,842

8,686 Total of vessels. 1,544,022 Tons
During the same period the returns for the new port
" Joliette" were :
Vessels. Tons of Merchandise.
2,609 of various nations entered, carrying 364,121
330.876
2,400 11 71 left, 77

5,009 Total of vessels. 694,997 Tons.
nut in addition to this the new port "Joliette" received
and sent off 1,159,021 tons of merchandise in 1863, by
5,873 steamers, on account of the facilities afforded by the

railways and docks.
It is evident from those 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
Which the line will pass, and the number of factories, &C.,
already established in that locality it is calculated that the
revenue will produce an immediate profit revenue equal to
15 per cent. on the outlay, which income will be rapidly in-
creased by the erection of houses and factories along the
line. There will bo seven intermediate stations between
Marseilles and Podestat, one of which will be for the
," Race Course," and the "Public Gardens," and " Chateau
zorell 37."
The Company have contracted for the execution of the
Works of the railsVay from the " Place Castellano" to
4.f Podestat," at the price of £185,000.
Secondly, with reference to the profit to be realised by
the sale of the land of the Company, it may be stated that
all 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 Montredon ;" 140,040 retres
of which will be required for the construction or 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 o
building sites in the neighbourhood of Marseilles, that on
the completion of the railway the whole of this land will
bo readily sold at the price of at least 20 francs per metre,
at which rate it will produce 21,200,000 francs, or £848,000.
The Company have also contracted for the purchase of a
very large tract of ground beyond the "Madrague de Mon-
tredon," 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
factories and works of all kinds.
Estimating the selling price of this land at 10f. per metre,
a sum sufficiently low to induce the manufacturers to esta-
blish their works rapidly in the locality, it will produce a
sum of 15,000,000 f., or £600,000.
The average cash cost to the Company of the land above
referred to is only 51-f. 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
Podestat, 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 forma-
tion of roads.
An ample supply of water,which is indispensable at Mar-
seilles, both for houses and land, can be obtained from the
existing works, which have cost the municipality more
than 60,000,000 francs.
The additional capital required for the payment of land
will be raised in debentures to be repaid out of the produce
of the land sales.
The practical bearing of the land question is as follows :
--Assuming the sale of the land at the low prices named,
the profits arising therefrom will not only repay the whole
cost of the railway, but in addition there will remain a
very large surplus for division as bonus amongst the share-
holders.
The railway concession from the French Government is
for the term of 99 years.
The lands of the Company will bo freeholds in perpetuity,
except the small portion occupied by the railway, which
must necessarily be surrendered with the lino at the expi-
ration 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 be reserved for issue as full paid-
up shares ; leaving.
12,000 ordinary shares for issue to the public.

20,000
The Articles of Association, and also the contract, con-
cession s, and plans, may be seen at the offices of the solidi-
-I°ra, Messrs. Newbon, Evans, and 'Co., 28, Nicholas-lane,
E.O.
Applications for Shares in either of the accompanying
forms may be made to the Secretary at the offices of the
Company, or to the Bankers, Brokers, and Solicitors ; but
no application will be entertained unless the deposit of £1
Per share 911 the number applied for has been duly paid to