The Sun.
London, England, 1865-07-27 00:00:00

IiINAHAN'S LL WHISKY v. COGNAC
BA .
Tuts °eta !mated Old IRIRSHNDY WHISKY rivals the finest
PRRNCH BRANDY,
It 13 Pure, Mild, Mellow, Delicious, and very Wholesome.
Bold in Bottles, 3s. Bd., at the Retail Houses in London; by
ate Agents in the principal towns in England; or wholesale

8, GREAT WINDMILL-STREET, LONDON, W.
„Observe the Red Seal. Pink Label, and Cork branded
Klnahan!s LL Whisky."

WHAT A STUPID FELLOW YOU ARE
to b off the end of your Cigar. when you can
buy one of " BUTCHER'S PATENT KEY-RING CIGAR
NIPPERS" for a Penny. Soll everywhere.
•

MUTUAL LOAN FUND ASSOCIATION
(Inc)rporated by Act of Parliament, 1850).
14, RUSSELL-STREET. COVEN-GARDEN,;
of £'EO
MONEY on Personal and other Security. in sums
~,clo to £5OO, to be repaid by instalments extending over
re, two. or three years. The large C tpital of this No enables it to complete Its transactions without delay.
ij?nquiry 0, office fees. and strict secrecy obs.trved. Bills
d: acounted at short notice. Form sent free on receipt of a
,rected stamped envelop'.
ho„he
YeaAsociAtion also lends Money for the purchase of a
terms tenant, or for the liquidation of mortgages, on
'MA most advantageous to the borrower.
EDWARD HARPER, Secretary.

MARSEILLES EXTENSION RAILWAY
and LAND COMPANY (Limited).
Incorporated under " The Companies Act of 18622,
Ar, which,, in 20,000 Shares of £2O each,
'wo of 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-
teed to be paid by the Contractors on the capital called up
"fling the construction of the works.
41 per Share to be paid on Application, and £4 on Allot-
Xent.
at intervals
calls not to exceed £5 per Share, nor to be made
Intervals of less than three months.

DIRECTORS.
LONDM
William Lee, Esq., M.P., Director of the London and
County Bank.
LoJnadmes,,Chil., de, Esq., Roehampton, Director of the East
on nauway Company.
•-,...Pliarles E. Newbon, Esq., Director of the General Irri-
on,, Company of France.
The Hon. A. C Hobart, Berkeley-square, Director of
the • C.
Rumen Iron Works Compaav, • -
cll_llKit H. L. Astley, Esq., Nicholas-lane,- Director of the
'tj„v Offices Company.
• Pennington Legb, Esq., Brighton, and Knntsford,
Cheshire.
Clarence A. Collier, Esq., Norfolk-street, Park-lane.
PARIS.
M. Jules Talabot, Boulevard des Italiens.
M. Le Comte Clary, Rue d'Aumale.
SOLICITORS.
Messrs. Newbon, Evans, and Co.,Nicl,olas-lane, Lombard-
street.
RANKERS.
The Imperial Bank, Lothbury.
BROKERS.
ldessrs. Robins, Barber, and Dalley, 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 nstruct a rail-
way, about nine miles in length, from the" Old Port" of
Marseilles to Podestat, to afford increased facilities for the
commerce andmanufactures of the town and port; secondly,
will be
toacquire land on both sides of the line throughout its
length for building and other purposes, to which great value
v
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 corn-
bland 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-
at ructed ; 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
snake room for handsome streetsandpublic buildings. The
Population thus displaced are driven to the suburbs, more
especially towards the south, where the lands of the Corn-
?any aro 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
allb:eaotrreeddaditbhyie only relief from the intense heat of the city.
The enormous value of ground in the town may be esti-
:,he fact that, for any extension, rocks 60 feet high
have to be cleared away to give sites for building ; it will
readily understood that such a locality is no longer suited
for the erection of ordinary dwellings, or factories and che-
laical works, which latter, for sanitary reasons, will soon
he driven from the city.
:rile proposed railway after leaving the port and town
suboo,ooo
u nhabitants, 'will pass through the southern
th r , which contains a population of 50,000, and follow
e valley to the sea, at the "Madrague de Montredon,"
'l:4n thence it will be continued for three miles along the
wit t to Podestat, affording sites for the erection offactories,
with access to the sea, and direct railway communication
lied. the town and port, and with the Paris, Lyons, and
beanderranean lines, by a junction with the proposed new
Tarof the latter to the " Place Ctestellane."
emre e are at the present time 460 factories in the town,
facte.c7ing lia4rlY
10,000 workmen, and the number of
ries ee
°ldd rapidly increase were it not for the heavy
charges.v.e to which they are subjected from the increasing
•;a4le of the ground occupied, and the want of direct rail-
aeT connexion with the port and with the Paris, Lyons,
iise Mediterranean lines. The proprietors of these estab-
'2lerltB will gladlavail themselves of the opportunity
re Msing• of their present sites to great advantage, and
eaT°'eing to a locality combining the facilities of sea and
deste`waY communication, with perfect freedom from all the
beeeulties of their present position, and where land can
116 obtained from the Company at a tenth part of the price
°Te paid for building ground in the town.
thin order to form an opinion of the pecuniary results
.of
all proposed operations of the Company, it will bedesir-
4, e to consider separately the income to be derived from
re rnd ailay, and the profit to be realised by the sale of tho
the Company.
that the
with reference to the railway it must be observed,
ine existing lines aro connected with the new port
67Joliette" and the docks, but that the Old Port, which is
ti acres in extent, is entirely without railway communica-
. 4),3. or docks, notwithstanding which the official statistias
Vessels,
we',ltee Government show, that during the last year for
p,','_l,lll they are published, 1863, the returns for the " Old
ert were as follows :
4,383 Tons of Merchandise.
4,3039 f. various nations entered, carrying 950,180
11 71 left, 77 593,842
.‘
T.81(locas1 iBe6e
st
,:ivrtaelroef:v_e_ssels. 1,544,022 Tons.
11`
sting the same period the returns for the new port.
2 6 Tons of Merchandise.
2',°3, of various nations entered, carrying 364,121
1, left, „ 330.876
5,009 Total of vessels. 691,997 Tons.
gut
end in addition to this the new port "Joliette" received
6,37" ..ent off 1,1.59,021 tons of merchandise in 1863, by
1 rei Ys and ; steamers, oksn account of the facilities afforded by the
doc.
01,,..11,8 evident from these returns that a railway to the
ailed ort must secure a very large amount of goods traffic,
r°lll the population of the suburban district through
which the line will pass, and the number of factories, &c.,
alreadyreve established in that locality, it is calculated that the
5 nne Will produce an immediate profit revenue equal to
er Per cent. on the outlay, which income will be rapidly in-
lioceased he'' the erection of houses and factories along the
k_r There will be seven intermediate stations between
a seines and Podestat, one of which will bo for the
° ace Course' " aid the "Public Gardens," and "Chateau
ei
The Company have contracted for the execution of the
i'°,rks of the railway from Place Castellano" to
rodestat," at the price of £185,000.
they, with reference to the profit to be realised by
e 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
Situate on both sides of the proposed railway, between the
town and the Madrague de Montredon ;" 1409aenetres
of which will be required for the construction of lino
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 neighbourhood 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 metre,
at which rate it will produce 21,200,000 francs, or £848,000.
The Company have also contracted for the purchase of a
Irery large tract of ground beyond the "Madrague de Mon-
tredon," through which the railway will pass to Podestat ;
1,500000 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 101. per metro,
4,,,amia sufficiently low to induce the manufacturers to es
"'WI their works rapidly in the locality, it will produce a
Bum of 15,000,000 f , or £600,000.
The average cash cost to the Company of the land above
referred to is only sff. per metre, including the houses
already built thereon, and including also upwards of
1.0‘,000,000 metres of land (about 2,500 acres) on the coast
ple for three miles beyond the' proposed terminus at
b.(kieStat, which will thus be acquired by the Company
fee of cost, and which will be made available at some
eueit,tieire time by an extension of the railway and the Lerma-
ti
O of roads.
ri ample supply of water,which is indispensable at Mar-
ee; both for houses and land, can be obtained from the
tlia,:ii‘Li6no,4:o_olvo.o,ol.•oloo,f
reavnhcisc.h have cost the municipality more
irk
eviiiete additional capital required for the payment of land
of „ oe raised in debentures to be repaid out of the produce
the land sal en
:os4Tthvercizascatillicasiln• le.gearing of the land question is as follows :
the ssnraing the sale of the land at the low prices named,
therefrom will not only repay the whole
ver,y-lf the railway, but in addition there will remain a
bo4„arge surplus for division as bonus amongst the share-
Th e .
f railway concession from tho French Government is
The© term of
99 years.
except the
of the Company will be freeholds in perpetuity,
Must
st,heoooemofell portion occupied by the railway, which
rationnesaily be surrendered with the line at the expi-
of the concession.
the shares have been subscribed for in
France, and will be issued with £8 per share
id up thereon •
3,000 hares will be reserved for issue as full paid-
up shares ; leaving
',WO ordinary she 1133 for issue to the public.
The
tensions,6 Articles of Association, and also the contract, con-
Cthoe., the solid-
F4Vriliecaat: NdPleavtabs'onin,aEy vbaenses, eannadt offi2Bc,eNs
oinapppii.Y,,o?r tomthee
lerms ens for Shares in either of the accompanying
eo nay be ad
Btaonktherse
B roSecretaryker aatndthseooffices of the
Der 8 cation will be entertained unless the deposit oi
hair on the
number applied for has been duly paid to