The Sun.
London, England, 1854-11-22 00:00:00

PROSPECTUS

OF THE
INVERNESS AND ELGIN JUNCTION

;FROM NAIRN TO FORRES AND ELGIN-FORMING A
COMMUNICATION BETWEEN INVERNESS AND ELGIN
IN CONTINUATION OF THE INVERNESS AND NAIRN
RAILWAY-WITH A BRANCH TO FINDHORN.]

CAPITAL, £160,000,
In Shares of £lO 'each. Deposit £1 IN. per Share.

CIIAIRMAN.
Tire Right Honourable the Earl of Seafleld.

DEPUTY-CHAIRMAN.
Captain William Fraser-Tytier of Mdourio and Burdsyards.

PROVISIONAL COMMITTEE.
Robert Anderson, farmer, Meikle Kildrummio
T. P. B. Biscoe, of Newton
The Hon. Thomas C. Bruce, Commissioner for the Earl of Seafield
Richard Butler, farmer, Chapeltown, of Bardsyards
Angus Cameron, of Firhall
John Chisholm, merchant, Inverness
John Cruickshank, Cloves
Thomas Davidson, banker, Forres
Alexander 0. Dallas, late of Shanghai, Inverness
Alexander Dallas, Commissioner for John G. Gollan, of Gollanfleld

John Dougal, of Glenferness
Henry J. Brodie Dunn, of Milton-Brolie
W. S. Ferguson, Elgin
Colonel Alexander Findlay. of Millbank
George Alexander Forteath, of Newton
Robert Fraser, Brackla
William Geddes, of Laurel Bank, Elgin
Captain James Gordon, of Ivybank
James Gordon, merchant, Inverness
The Hon. Lewis Alexander Grant, of Grant
Robert Grant, of Kincorth
John Grant, of Glen-Grant
Alexaader A. Gregory, merchant, Inverness
Alexander Mackintosh, of Mackintosh
Eneas William Mackintosh, of Raigmore, Deputy-Chairman Of the
Inverness and Nairn Railway Company
Lieutenant-Colonel Hugh Inglis. of KingsmilL3
Lachlan Kennedy, merchant, Nairn
John Kynoch, Provost of Forres
Neil bfaclean, Factor on the Estates of Kilravock and Cantray
John Maclennan, corn•merchant, Beanly
Cluny Macpherson, Chairman of the Inverness and Nairn Railway
Company
D. D. Manson, M.D., Spynie
John Mitchell, Wester Alves, Factor for Seaforth -..
Bailie Riach, Forres
Alexander I. Robertson, of Anitnasklah
David Rose, of Vieumont,corn-merchant, Inverness
Adam Shary, merchant, Rothes
Alexander Smyth, of Balnageith
James Stephen, of Bruceland, M.D., Elgin
William Stephen, Inchbroom
Major Donald Stuart, late 46th Regiment
Charles Stewart, solicitor, Inverness
James Sutherland, Provost. of Inverness
Eric Sutherland, Shempston, Factor for Sir Win. Gordon. Cumming
of Altyre, Bart.
Alexander Thnrburn, of Drtunduan
Henry Wm. White, of Manor and Lentran
James Wilson, solicitor and bank-agent, Invernes3

ENGINEER.
' John Mitchell, F.R.S.E.
CONSULTING ENGINEERS.
Joseph Locke, Esq., M.P. J E. J. Errington, Esq., C. E.

_
BANKERS.
The Caledeniart Banking Company, Inverness, and HS Branches
Messrs. Barclay, Bevon. Tritton, and Co., London
The Union Bank of Scotland, Edinburgh, and Glasgow
Manchester and Liverpool District Bank, Liverpool and Manchester

SOLICITORS.
Messrs. G. P. Anderson, Inverness
Mr. Adam Davidson, Nairn •
Mr. William Selanders, Forres
Mr. Robert Urquhart, ditto
Mr. John D. Davidson, ditto
Mr. George Leslie, Elgin

PIALIAMENTIRT AGINT.

Theodore Martin, E sq7,7o,l:Tew Palace Yard, Westminster.
Messrs. G. and P. Anderson, Inverness, Interim Secretaries.

The-present time seems to be peculiarly suitable for the establish-
ment of the proposed Line of Railway. The works upon the Inver-
ness and Nairn line have been commenced, and the contractors un•
dertake that the line shall be open for traffic by the Ist of August
next. On the other hand, the chain of Railway communication on
the south is complete as far as the town of Huntly, and measures are
understood to be in progress for extending the line northward from
Huntly.
In these circumstances, it has been thought desirable to apply to
Parliament, in the ensuing session for the Incorporation of a Com-
pany for making a Railway from Nairn to Elgin, which shall com-
plete tho, communication between Inverness and Elgin. Tke com-
pany will thus be in a position to commence the necessary works
next summer, and thereby, with the least possible delay, to place
the 'fair 'and ancient province of Moray on such a footing, with regard
to Railway communication, that the laying down of an ironway
throughout its whole extent, from the Beauly to the Spey, and un-
interrupted connection with the Southern markets mast immediately
follow.
With this view, applications have been made to all the principal
proprie,:ors along the line, who have, without exception, declared
themselves favourable to the enterprise, and ready to afford facilities
for its construction. The plans have been finished, minute estimates
of the cost have been made, and the line has been gone over and
examined by contractors of the highest respectability ; and the pro-
moters have no doubt that the works will be undertaken by them
r a sum which, together with the purchase of land, rolling stock,
erellininary expenses, and all other charges necessary for tke com-
pletion of the undertaking, will certainly not exceed 200,0001., or
8,000!. a mile, including bridges over the Nairn. Findhorn, and
Lossie. For this sum the Company will be in possession of a single
line of railway—double wherever this is necessary for its efficient
working—and with bridges built and land purchased for a double
line, And the promoters are in a position to state, that the contrac-
tors with whom they have been In communication will be prepared
to take payment of one-third of the cost of the works in stock.
The Engineering Works—from the level nature of• the country,
and the light gravelly toll over which the line for the most part
passes—are of a simple character, and are certain to ho completed
witnin the specified time.
Besides the large local traffic arising from the line passing through
the ce-ntre of the richly cultivated and populous coi'nty of Moray.
this Railway, when connected with the Great NOrth of Scotland
Railway, now in progress of extension, will form part of the great
through oommunication from Inverness by Aberdeen to the south.
Trona the character of the country the line can never be exposed to
railway competition.
Through the Inverness and Nairn Railway—with the directors of
which the promoters of this undertaking are in cordial co-operation'
—the line will be enabled to communicate with the Caledonian Canal
at Inverness, and thereby to establish a connection with the large
and rapidly-increasing traffic flowing along that great artery of cora-
eausicati,•n to and from the counties of Banff, Moray, and Nairn.
At its other extremity, tke line will communicate with the Elgin and
Lossiemouth Railway, and the pert of Lossiemouth. Besides these,
the Railway will receive the traffic of the several ports of Nairn,
Findhorn, and Bun:head.
Careful observations of the traffic, made in 1845, with a view to a
Railway from Inverness to Elgin, showing a local revenue amply
sufficient to yield a liberal return upon a railway of a much more
expensive nature. Since that period, however, the wealth and
traffic Of the district have been materially augmented, and are still
rapidly increasing.
Taking the basis of the observations of 1545, the result will be as
follows :

Estimated amount of revenue
Deflect 40 per cent. forlocal 421
working expenses

£12,600 0 0
Of interest on 60,0004 borrowed , ... 2,000 0 0

...£10,600 0 0

Leaving..

For division, on a called-up capital of 150,0001., or a dividend of 7
per cent. immediately after the opening of the line, with the cer-
tainty of a large eventual increase.
IThe undertaking, therefore, presents these :Peculiar advantages:.
It will be completed and sspened for working in two years from
the passing of the act.
2. It will cost only 8,0001. a mile, for a single line, while the
average cost of railways in Scotland, with a double line or
rails, has been 30,0001. a mile.
8. While the average return per mile per annum, in Scotland, has
been 2,1100/., a sum of only 8501. per mile per annum, on
this line, will yield a dividend of 7 per cent.
4. The line, from its situation, secures in perpetuity the whole
through railway traffic passing northward of Elgin from
Aberdeen, and passing eastward of Nairn from the Western
and Northern Highlands.
5. The line will be worked in connection with the Inverness and
Nairn Railway, under efficient Parliamentary powers,
whereby the facilities of transit will be on the one hand
greatly increased, while on the ether hand the working ea.
penses will be greatly economised.
6.; Lines of this character, constructed at a moderate cost, in the
north of Scotland, have proved highly remunerative, as in-
stanced in the Lossiemouth and Deeside Railways, recently
opened—both of which have returned dividends of 5 per
cent. on the first year's traffic.
'7. The promoters are justified in stating that payment of one-
third of the cost of the works will be taken in stock, as a
guarantee for the due completion of the undertaking, and
In evidence of the conviction of its soundness as a commer-
cial enterprise.
Applications for Shares to be made, in the form annexed, to
Messrs G. and P. Anderson, solicitors, Inverness ; Messrs Grant and
Leslie, solicitors, Elgin ; Mr Adam Davidson, town-clerk, Nairn ;
Mr Robert Urquhart, banker, and Mr William Sclanders, and Mr
John D. Davidson, solicitors, Forres ; Messrs. James Black and Co.,
sharebrokers, Aberdeen; Mr John Maciver, banker, Dingwall ;
Mr
J. S. Taylor, slserifr-clerk, Cromarty ; Mr John Grant, writer,
Tain ; Mr William Miller, tewn-elerk, Wick ; Mr William Fleming,
dn dsvCaol..,
banker, Grantown ; Mr Donald Macrae, writer, Klagussie ; Mr Pa.
trick Duncan, sharebroker, 1, Edinburgh; Perth Mr James Black-
wood, sharebroker, Banover-street, Mr James Wat-
son, sharebroker, 32, St Vincent-Place, Glasgow ; Messrs Drewry
and Richardson, sharebrokers, Newcastle-upon-Tyne ; Messrs H.
Messrs Jenegispioanveisana
vYe
ro
pr ko :1
;11: I e s s r
ker, sharebrekers, St. Ann's Church-yard, and Messrs Bayland,
sWhaartseobnroakisidrsC,
so;,Dshwaer.esbureoekte,ti
chester ; Exchange-chambers,
and Messrs Foster and Braithwaite, 64, Old Broad-street,
Son, and Co., sharebrokers, Bank-street, m an-
London.

• FORA OF APPLICATION.
To the Provisional Committee of
wathey Inverness and Elgin Junction
Rail.
Gentlemen,—I request that you will allot me Shares,
of 101. each, in this undertaking, and I agree to acctoept te same, or
any smaller number that may be allotted to me, pay the deposit
thereon, and sign the Parliamentary Contract and Subscribers' Agree-
ment, when required.
I am, Gentlemen,
Your obedient Servant,
Signature ............
Full Christian and Surname.......
Profession • •
• • • • • • . .
Address
Date

%[EDICAL AND SURGICAL ADVICE.
Secret Diseases removed before charge be made for medicine
I a practical and experienced Surgeon. Nervous Debility, whether
arising from Excesses, Accident, or premature age, are also treated
to. a successful issue, either sex consulting by letter. The fee is a
Half-guinea, in cash or stamps. }lours of attendance, 10 till 3, and
from 5 till 10 daily; Sundays, till 2. Address, Dr. SCOTT, 3,
King William-street, Strand, I,olldon.