The Sun.
London, England, 1854-12-11 00:00:00

PROSPECTUS

Or Tnn

INVERNESS AND ELGIN JUNCTION
RAILWAY.

'FROM NAIRN TO FORRES AND ELGIN-FORMING A.
COMMUNICkTION BETWEEN INVERNESS AND ELGIN
IN CONT[NIJATION OF THE INTERNEiS AND NAIRN
RAILWAY-WITH A BRANCH TO FINDHORN.]

CAPITAL, £160,000,
In Shares of £lO each. Deposit £1 10s. per share.

CHAIRMAN.
Iffie Eight Honourable the Earl of Seafleld.

DEPUTY-CHAIRMAN.
eaptain William Fraser-Tytler of Aldourie and Burdsyards.

PROVISIONAL COMMITTEE.
Robert Anderson. farmer, Meikle Kildrummie
T. P. B. Biscoe, of Newton
The Hon. Thomas C. Bruce, Commissiener for the Earl of Seafleld
Richard Butler, farmer, Chapeltown, of Burdsyards
Angus Cameron, of Flrhall
John Chisholm, merchant, Inverness
John Cruickshank, Cloves
Thomas Davidson, banker, Forres
Alexander G. Dadas, late of Shanghai, Inverness
Alexander Dallas, Commissioner for John G. Gollan, of Gollanfleld
John Dougal, of (llenterness
Henry J. Brodie Dunn, of Milton-Brodie
W. S. Ferguson, Elgin
Colonel Alexander Findlay, of Millbank
George Alexander Forteath, of Newton
Robert Fraser, Brackla •
Nilliam Geddes, of Laurel Bank, Elgin
Captain James Gordon, of Ivybank

James Gordon, merchant, Inverness
The Hon. Lewis Alexander Grant, of Grant
Robert Grant, of Kincnrth
John Grant, of Glen-Grant
Alexander A. Gregory, merchant, Inverness
Alexander Mackintosh, of Mackintosh
Eneas William Mackintosh, of Raigmore, Deputy-Chairman of th•
Inverness and Nairn Railway Company
Lieutenant-Colonel Hugh Inglis, of Kingsmilla
Lachlan Kennedy, merchant, Nairn
John Kynoch, Provo,,t of Forres
Niaclean, Factor on the Estates of Kllravock and Cantray
John Maclennan, corn merchant, Beauly
Minty Macpherson, Chairman of the Inverness and Nairn Railway
Company
D. D. Manson, Spynie
John Mitchell, Wester Alves, Factor for Seaforth
Bailie Mach, Forres
AI xander I. Robertson, of Aultnaskiah
David Rose, of Viemnont, corn merchant, Inverness
Adam Shary, merchant, Itothes
Alexander Smyth, of l3alnateith
James Stephen, of Bruceland, M.D., Elgin
William Stephen, Inehbroom
Major Donald Stuart, late 46th Regiment
Charles Stestart, solicitor, Inverness
James sutherland, Provost of Inverness
Eric Sutherland, Shempston, Factor for Sir Wm. Gordon Cumming
of Altyre,B4rt.
Alexander Thurburn, of Drumduan
Henry Wm. White, of Manor and Lentran
James Wilson, solicitor and bank-agent, Inverness

ENGINEEX.
•
John Mitchell, r.R.S.E.
CONSULTING INGINEERS.
Joseph Locke, Esq., M.P. E. J. Errington, Esq., C. H.

RANKERS.

Thl Caledonian Banking Coi;i;;;;,---Uverness, and its Branches
Messrs. Barclay, Bevan. Tritton, and Co., London
The Union Bank of Scotland, Edinburgh, and Glasgow
Manchester and Liverpoo'. District Bank, Liverpool and Manchester

SOLICITORS.
Messrs. G..P. Amierson, Inverness
Mr. Adam Davidson, NAirn
Mr. William Sclanders, Forres
Dt r. Robert Urquhart, ditto
Mr. John D. Davidson, ditto
Mr. George Leslie, Elgin

PAALIAMENTIEY AGENT.
Theodore Martin, Esl, 10, New 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 Lin of Railway. The works upon the Inver-
ness and Nairn line nave been commenced, and the contractors un-
dertake that the line shall be open for traffic: by the let of August
next. On the other hand, the chain of Railway communication on
the south is complete as tar as the town of Huntly, and measures are
understood to be in progress for extending the line northward tom
Huntly. •
In these circumstances, it has been thought desirable to apply to
Parliament, in the ensuing session for the Incorporation of a Corn-
pffity for making a Railway from Nairn to Elgin, which shall com-
plete the communication between Inverness and Elgin. The 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 ironvray
throughout its whole extent, from the Beauly to the fjpey, and un-
interrupted connection with the Southern markets mast immediately
follow.
With this view, applications have been made to all the principal
proprietors along the line, who have, without exception, declared
themselves favourable to the enterprise, and ready to afford facilities
far 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
fur a sum which, together with the purchase of land, rolling stock.
rreliminary expenses, and all other charges necessary for tke com •
pletion of the undertaking, will certainly not exceed 200,0001., or
8,0001. 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 fn 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 roil over which the line for the most part
passes—are of a simple character, and are certain to be completed
witnin the specified time.

Besides the large local traffic arising from the line passing through
the centre of the richly cultivated and populous county 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 communication from Inverness by Aberdeen to the south.
From 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 ce-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 com-
ma:kat', n to and from the counties of Banff, Moray, and Nairn.
At its ether extremity, the 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 llurghead..
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 1645, the result will be as
follows :
Estimated amount of local revenue £21,000 0 0
Deflect 40 per cent. for working expenses 8,400 0 0

£12,600 0 0
Of interest on 10,0001, borrowed ..... ; 2,000 0 0

Z 10,600 0 0
Leavlng•• .. ...

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.
The undertaking, therefore;fresents these reculiar advantages:—
I. It will be completed and opened for working!" 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 of
rails, has been 30,0001. a mile.
3. While the average return per mile per annum, in Scotland, has
been 2,6001., 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, aid passing eastward of Nairn from the Western
and Northern Highlane s.
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 ox.
penses will he greatly economised.
ClLines of this character, constructed at a aoderate cost, in the
north of Scotland, have proved highly remunerative, as in-
stanced in the Lossiemouth and Deeaide Railways, recently
opened—both of which have returned dividends of 5 per
cent. °nthe first year'. 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
Leslie, solicitors, Elgin ; Mrs Adam Davidson, town-clerk, Nairn ;
Messrs G. and r. Anderson, solicitors, Inverness ; Messrs Grant and
Mr Robert Urquhart, banker, and Mr William Sclanders, and Mr
Jolan D. Davidson, solicitors, Torres ; Messrs. James Black and Co.,
sharebrokers, Aberdeen; Mr John Ms:elver. banker, Dingwall ; Mr
J. S. Taylor, sheriff-elerk, Cromarty ; Mr John Grant, writer,
Tali; ; Mr William Miller, town-elerk, Wick ; Mr William Fleming,
banker, Grantown ; Mr Donald Macr +e, writer, Kingu.sie ; Mr Pa-
trick Duncan, sharebroker, 1, Kiikgate, Perth ; Mr James BlaCk-
wood, sharebroker, Hanover-street, Ettlnhurgh ; Mr James Wat-
son, sharebroker, 32, St Vineent-Place, Glasgow ; Messrs Drewry
and Richardson. sharebrokers, Newcastle-upon-Tyne ; Messrs H.
Watson and Co., sharebrokers, York : Messrs Henry Davis and Co.,
sharebrokers, 5, Dale-street, Liverpool ; Messrs Johnstone and Wal-
ker, sharebrokers, St. Ann's Church-yard, and Messrs Hayland,
Son, and Co.. sharebrokers, Exchange-chambers, Bank-street, Man-
chester; and Messrs Foster and Braithwaite, 64, Old Broad-street,
London.

FORM OP APPLICATION.

To the Provisional Committee ofl the
w Inverne.ss and Elgin Junction
Raiay.
„...r request that you will allot me
otafeGluCletln:weleahmcehen,ni:aqtuthirsed. undertaking, and I agree to accept the saSmhaer,eos;
any smaller number that may be allotted to me. to pay the deposit
thereon, and sign the Parliamentary Contract and Subscribers' Agree-
' am, Gentlemen,
Your obedient Servant,
Signature.... • • • •
. • •
Full Christian and Surname ......... • ••
Profession
Address
••"••
RAW 1012±Itittaltetell11.11.11• et toe. flail

ARL FITZWILLIAM'S COLLIERIES on
F
the So,ith Yorkshire Itailway.—SA \WEL ruw=olA., of
Sh Meld, begs to announce _hat the arrangements he has been
honoured to make for carrying a portion of the produce of these ex-
tensive Collieries, and also of the silkstone Collierio, to London,
via the London and North-Western Railway, are sufficiently ma-
tured to en Ale hint to commence delivering from Camden and Ken-
sington Stations on New Year's D ky. nice per Ton, within four
miles of either Station :—Silkstone,* 249. Bd.; Elsecar, 235. 4d., cash
on delivery, or on giving the order —Temporary Offices will be
opened at both Stations on December 18th, tor booking orders, which