The Sun.
London, England, 1865-07-25 00:00:00

I+IIIEIITER, YOU. WILL SEE YOUR
Itib FRI ENDS .at " " Atter the Opera we
81)411 Sup there

KINAHAN'S LL
it WHIANDY.SKY v. COGNAC
cele .rated Old BLUSH WHISKY rivals the finest
FRRNCII BRANDY,
It 1 Pure, Mild, Mellow, Delicious, and very Wholesome.
sold in Bottles, 3s. Etd., at the Retail Houses in London; by
tha Agents in the principal towns in England; or wholesale
at

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

IiTHAT A STUPID FELLOW YOU ARE
to bite off the end of iar when you can
buy one of " BUTCIJER'S ANENTrKEY-RING CIGAR
ISIPPERS" for a Penny. SAI everywhere.

NUTUA.L LOAN FUND ASSOCIATION
(Incorporated by Act of Parliament, 18;0),
14, RUSSELL-STREET, COVENT-GARDEN,
LEN DS MONEY on Personal and other Security, in sums
Of tIo to ..Ceol, to be repaid by instalments extending over
one, two, or three years. The large C tpital of this Associa-
Von enables it to complete its transactions without delay.
No inquiry or office fees, and strict secrecy observe t. Bills
Discounted at short notice. Form sent free on receipt of a
directed stamped envelop e
The Association also lends Money for the purchase of a
house by a tenant, or for the liquidation of mortgages, on
terms most advantageous to the borrower.
EDWARD HARPER, Secretary.
The IMPERIAL BANK (Limited) is authorised to receive
Subscriptions for the Shares of the Marseilles Extension
Railway and Land Company, on the terms of the follow-
ing Prospectus.
IIARSEILLES 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 have already been subscribed for in England
and Franco.
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
'hiring the construction of the works.
£1 per Share to be paid on Application, and £4 on Allot-
ment.
Future calls not to exceed £5 per Share, nor to be made
at intervals of less than three months.
DIRECTORS.
LONDON.
William Lee, Esq., M.P., Director of the London and
County Bank.
James Childs, Esq., Hoehampton, Director of the East
London Railway Company.
Charles E. Newbon, Esq., Director of the General Irri-
gration 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. Collier, Esq., Norfolk-stroot, Park lane.
PARIS.
M. Jules Talabot, Boulevard des Italiens.
M. Le Comte Clary, Rue d'Aumale.
SOLICITORS.
Messrs. Nowbon, Evans, and Co., Nicholas-lane, Lombard-
street. •
BANKERS.
The Imperial Bank, Lothbury.
BROKERS.
Messrs. Robins, Barber, and Dailey, Threadneedle-street.
Geo.
ENGINEER.
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
commerce and manufactures of the town and port ; secondly,
to acquire land on both sides of the line throughout its
'ength 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
Franco is well known, second only to Paris in population
and wealth ; its position and capabilities give it the cow-
hand of French commerce in the Mediterranean.
Within the last ten years Marseilles has been placed in
direct railway communication with Paris and all parts of
Franco. Magnificent docks and warehouses have been con-
structed ; but great and rapid as those new works have been
ahoy 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 streetsand public buildings. The
Population thus displaced are driven to the suburbs, more
especially towards the south, whero the lands of the Com-
ally 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-
lillated by the fact that, for any extension, rocks 60 feet high
ho readily understood that such a locality is no longer suited
for the erection of ordinary dwellings, or factories and che-
mical works, which latter, for sanitary reasons, will soon
00 driven from the city.
The proposed railway, after leaving the port and town
et 300,000 inhabitants, will pass through the southern
,suburb, which contains a population of 50,000, and follow
ill.° valley t the sea, at the "Madrague de Montredon,"
:era thence it will be continued for three miles along the
`l'l(r).at to podestat, affording sites for the erection of.factorios,
~,,!`to access to the sea, and direct railway communication
th the to wn and port, and with the Paris, Lyons, and
tlediterranoan lines, by a junction with the proposed new
raench of the latter to the " Place Castellano."
lhere are at the present time 460 factories in the town,
i,T,,o°Yin,g nearly increaselo,o and the number of
pi;-"pries would rapidly in were it not for the heavy
v-
iargee to which they are subjected from tho increasing
ii,"110 of ho ground occupied, aud the want of direct rail-
y connexion with tho port and with the Paris, Lyons,
N Mediterranean linos. The proprietors of these estab-
Thruents will gladly avail themselves of the opportunity
y 4isposin, of their present sites to great advantage, and
rr
it emoving Co a locality combining the facilities of sea and
way communication, with perfect freedom from all the
b`inculties of their present position, and where land can
obtained from the Company at a tenth part of the price
Low
(1.. v paid for building ground in the town.
theta order to form au opinion of the pecuniary results of
able to
Proposed operations of the Company, it will be desir-
consider separately the income to bo derived from
theblaillvay, and the profit to be realised by the sale of the
of th Company.
th'fi,rst, with reference to the railway it must be observed,
the existing linos aro connected with the new port
Joliette" and the docks, but that the Old Port, which is
t;` acres in extent, is entirely without railway communica-
a!l or docks, notwithstanding which the official statistics
.„`,(3 Government show, that during the last year for
li,h they aro published, 1863, the returns for the " Old
ort" were as follows Vessels. :
Tons of Merchandise.
4,383 of various nations entered, carrying 950,180
4,303 1 7 „ left, „ 593,842
8,686 Total of vessels. 1,544,022 Tons.
I) •
urlng the same period the returns for the now port
Jolieto" '
Y •
ore
Vessels Tons of Merchandise.
2,609 of various nations entered, carrying 361,121
„ left,
2,400 330.876
5,009 Total of vessels. 694,997 Tons.
t in additioli to this the new port " Joliette" received
5n4 sent off 1,159,021 tons of merchandise in 1863, by
z,„? 3 stea
It mers, on account of the facilities afforded by the
4,lways and docks.
is •
01a evtdent from these returns that a railway to tho
"o.rt must secure a very large amount of goods traffic,
I:V.cfrom the population of the suburban district through
'l2. h the line will pass, and the number of factories, &c.,
move edY established in that locality, it is calculated that the
produce an immediate profit revenue equal to
•,,0 Per cent. on the outlay, which income will bo rapidly in-
iir_eased by the erection of houses and factories along the
11e. There will be seven intermediate stations between
tarseilles and Podestat, ono of which will bo for the
-elLlce Course," and the " Public Gardens," and " Chateau
.„3he Company have contracted for the execution of the
Yesrhe of the railway from the " Place Castellano" to
r odestat," 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 "Madraguo de Moutredon ;" -140,000 metres
of which will be required for the construction of 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 neighbourhood of Marseilles, that on
a;he completion of the railway the whole of this land will
t readily sold at the price of at least 20 francs per metro,
"t Zhick rate it will produce 21,200,000 francs, or £848,000.
The Company have also contracted for the purchase of a
treryollilirre tract of ground beyond the " Madrague de Mon-
-1,500n,"
metros itlrough which the railway will pass to Podestat ;
'
(about 375 acres) of this land, adjoining
`4,Oetti ea and railway, will be at once available as sites for
Estimating
and works of all kinds.
killStimating the selling price of this land at 10f. per metre,
1,%,.111 sufficiently low to induce the manufacturers to esta-
Ei"„t!: no their works rapidly in the locality, it will produce a
`421. f 15,000,000 f., or £6OOOOO.
-il-rte average cash cost to the Company of the land above
d to is only 51f. per metre, including the houses
ioreoa„4,7 built thereon, and including also upwards of
Neu',',ooo metres of land (about 2,500 acres) on the coast
for three miles beyond the proposed terminus at
frue roe
stat, which will thus be acquired by the Company
intqt.() of cost, and which will be made available at some
i.„_
004 of tro'ulodny au extension of the railway and the forma-
-411 am •
P supply of water, which is indispensable at Mar-
both for houses and 'land, can be obtained from the
thaoTg 60 000 Works,
francs
whicli have cost the municipality more
~000
edil-,i'!o additional capital required for the payment of land
of oe the land 1
raised in debentures to be repaid out of the produce
Ags sa es.
practical bearing of the land question is as follows :
the liming the sale of the land at the low prices named,
005,Pc)fits arising therefrom will not only repay the whole
Irery'ol tho railway, but in addition there will remain a
t
holderasrge surplus for division as bonus amongst the share-
The concession from the French Government is
for the term
of 99 years.
exee"? lands of the Company will be freeholds in perpetuity,
luest the small portion occupied by the railway, which
ratio necessarily be surrendered with the lino at the expi-
/1 of the concession.
5,000 of the shares have been subscribed for in
Franco, and will be issued with £8 per share
paid
re up thereon
re •
3,ooooohas will be 'served for issue as full paid-
-1 2 0 s
up
.shares ; leaving
, ordinary shares for issue to the public.
,t 1120,0()
c. • Articles of Association and also the contract, con-
t°,3BlollBre , and plans, may bo seen at the offices of the
Messrs. Nowbon, Evans, and Co., 28, Nicholas-lane,
41Vii
44113 for Pharos in oitlior of the accompanying