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

PROSPECTUS
OF TUB
IN VER NESS AND ELGIN JUNCTION
RAILWAY.

[FROM NAIRN-TO FORBES AND ELGIN-FORMING A
COMMUNICATION BETWEEN INVERNESS AND ELGIN
IN CONTINUATION OF THE. INVERNESS AND NAIRN
RAILWAY=WITH A BRANCH TO FINDIIORN.]

CAPITAL, £160,000,
In Shires of .£lO each. Deposit £1 10s. per Share.
CHAIRMAN. ,
The Right Honourable the Earl of Seafield.
DcPurr:Onaniikran. ' • -
Claptaln William Fraser-Tytler of Aldourie and Burdsyards.
PROVISIONAL COMMITTEE.
Robert Anderson. farmer, Meikle Kildrumpate
T. P. B. Biscoe, of Newton
The Hon. Thomas C. Bruce, Commissioner for the Earl of Seafield
Richard Butler, farmer, Chapeltowp, of Burdsyards
Angus Cameron, of Firhall
John Chisholm, merchant, Inverness
John Cruickshank, Cloves
Thomas Davidson, banker, Forres
Alexander G. Dallas; late of Shanghai, Inverness
Alexander Dallas, Commissioner. for John G. Golan, of Gollanfleld
John Dongal, of Ulenlerness
Henry J. Brodie Dunn, of Milton-Brodie • .
W. S. Ferguson, Elgin
Colonel Alexander Findlay, of Millbank
George Alexander Forteath, of Newton
Robert Fraser, lirackla
William Geddes, of Laurel Bank, Elgin
Captain James Gordon, of Pvybank
James Gordon; merchant, Inverness
The Hon. Lewis Alexander Grant, of Grant
Robert Grant, of Kincorth
"Johil:Giant, of Glen-Grant
Alexander A. Gregory, merchant, Inverness
hAteilnder Mackintosh, of Mackintosh
' Epees William Mackintosh, of Raigmore, Deputy-Chairman of the
:t Inverness and Nairn Railwayetunimll3' • -
Lieutenant-Colonel Hugh Inglis. of Kingsmills-
Lachlan Kennedy, merchant, Nairn •
L.,John,Kynoch, Provost of Forres
r7,l4eltlitaffiehti, 'Factor on the &Antes Of Kliravock and Cantray
Aiohii Maclennan, corn merchant; beaulY
tinny Macpherson, Chairman''of' the Inverness and Nairn Railway
Company • • . .
D. D. Manson, M.D., SpynirJ
John Wa,ster Alves, Factor for Seaforth
13itilie Riach,•Forres ' '
• Al,xander. I: Robertson, of Anitnaskiah
David Rose, of Vieumont,cornAnerchant, Inverness'
:Aria,M,Shary,Mprehant, Rotheo, ' •
'AJuxtifiderlimYth, of Balnaselth
des o)3rgeelanctm.p., Elgin •
Williani:geoheri;,.Trichhroom ' • •• . •
Majoiricinald Stuart, late 46th Regiment
Charles Stewart, solicitor, Inverness
James Sutherland, Provost of Inverness •
Eric Sutherland, Shempaton, Factor for Sir Wm. GOrdohCaximing
of Altyre, Bart.
Alexander Thurburn, of Drumduan
Henry WM. White, of Manor and Lentran
James Wilson, solicitor and bank-agent, Inverness

ENGINEER..
John Mitchell, F.R.S.E.
CONSULTING ENGINEERS.

Joseph Locke, Esq., M.P.

E. J. Erriugton, Esq., C. E.

BANKERS.
The Caledonian Banking Company, ►nverness, and its Branches
Messrs. Barclay, Boron, 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 Sclanders, Forres
r. Robert Urquhart, ditto •
Mr. John D. Davidson, ditto
Mr. George Leslie, Elgin

PARLIAMENTARY AGENT.

Theodore Martin, Esq., 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 Linz of Railway. The works upon the Inver-
ness and Nairn line have been commenced, and the contractors un-
dertake that the line khan 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 tar as the town of Huntly, and measures are
understood to be in progress for extending the line northward f. om
Stonily.
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 the 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 Ppey, and un-
interrupted connection with the Southern markets must 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
for its construction. The plans have been flnishe,l, 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
f r a sum which, together with the purchase of land, rolling stock,
Ireliminary expenses, and all other charges necessary for the 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
lint: 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 soil over which the line for the most part
passes—are of a simple character, and are certain to be completed
within the specified time.
Besides the large local traffic arising from the line passing through
the centre of the richly cultivated and populous comity 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
Thicti the promoters of this undertaking are in cordial ce-operation
—the, floe will-be enabled to communicate with the Caledon;an Canal
at Inierness, and thereby to establish a connection with the large
and rapidly-increasing traffic flowing along that great artery of com-
mit, tcat4 to and from the counties of Banff, Moray, and Nairn.
At its other 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 liurehead.
Careful observations of the traffic, mail° in 1845, with a view to a
Railway from Inverness to Elgin, showing a local revenue amply
anfficient 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
rrapidly. increasing.
Taking the basis of the observations of 1545, the result will be as
follows :• --

E.ttmated amount of local revenue 421,000 0 0
Dedact 40 per cent. for working expenses 8,400 0 0

£12,600 0 0
Of interest on 60,0001, borrowed

Leaylng £10,600 0 0

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, presents these peculiar advantages:-
1. It will be completed and opened 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 of
rails, has been 30,0001. a mile.
I. While the average return per mile per annum, in Scotland, has
been 2,5001., 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 Higblands.
5. The line will be worked in convection 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 ex-
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 Scianders, and Mr
John D. Davidson, solicitors, Forres ; Messrs. James Black and Co.,
sharebrokers, AberCieen ; Mr John Maciver. banker, Dingwall; Mr
J. S. Taylor, sheriff-clerk, Cromarty ; Mr John Grant, writer,
Tain ; Mr William Miller, town-clerk, Wick ; Mr William Fleming,
banker Grantown ; Mr Donald Macr ,e, writer, Kingu.sie ; Mr Pa-
trick Duncan, sharebroker, 1, Kirkgate, Perth • Mr James Black-
wood, sharebroker, Hanover-street, Edinburgh% Mr James Wat-
son, sharebroker, 32. St Vincent-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 Johns:one and Wal-
ker, sharebrokers, St. Ann's Church-yard, and Messrs flayland,
Son, and Co., sharebrokers, Exchange-chambers, Bank-street, Man-
cheater ; and Messrs Foster and Braithwaite, 64, Old Broad-street,
London.

FORM OF APPLICATION.

To the Provisional Committee of the Inverness and Elgin Junction

Railway.

Gentlemen,—I request that you will allot me Shares,
of 101. each, in this undertaking, and I agree to accept the same, or
any smaller number that may be allotted to me, to pay the deposit
thereon, and Sign the Parliamentary Contract and eubscriberte Agree.
meat, when required.
• I am, Gentlemen,
Your obedient Servant,
Signature.... .••••• •• • • •• .';,. - • ;(11
Fu 1 Christian and Surname .
Professlon..
•••••••• ••••••••
Address
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