The Sun.
London, England, 1870-02-19 00:00:00

PROSPECTUS OF THE

ROUMANIAN GAS LIGHT COMPANY
(Itimited).

Capital £200,000, in 1-0;000 shares of £2O each, payable
—£2 on application, £3 on allotment, £5 on the 2d May,
1870, ,C;) on the Ist November, 1870, and £5 on the let
May, 1871.
In case of no allotment the money will be returned with-
out. deduction.

shareholders paying up their shares in full will receive
discount at the rate of o per cent. per annum on the amount
paid by anticipation, and, on payment of the Government
Stamp Duty, will be entitled to receive share warrants to
" bearer'. passinKby delivery.
DIRECTORS-1n Bucharest.
Jacques Poumay, Esq., Banker.

In London.
E. H. J. Cranfurd, Esq., M.P., Chairman of the Walton-
on-Thames and Weybridge Gas Company.
Loftus Fitzwygram, Esq., 89, Eccieston-square.
William Haywood, Esq., Civil Engineer, 63, Hamilton•
terrace.
James Duke Hill, Esq. (Coal Exchange).
Francis D. Lambert, Esq. (Messrs. Lambert, Sons, and
Scott, Coal Exchange), 85, Gracechurch-street.
Alfred Penny, Esq., of the Oporto and of the Whitehaven
New Gas Works.
George E. Seymour, Esq., 38, Throgmorton-street.
Adolphus William Young, Esq., M.P., Director of the
Plicenix Gas Company.
Bankers—Messrs. Barclay, Bevan, Tritton, T wells, and
Co., London.
Engineer—Mr. G. W, Stevenson. C.E., 19, Great George-

street, S.W.
Consulting Engineer—Mr. Edward Woods, C.E.,
3, Storey's-gate, S.W.
Solicitors—Messrs. Nash, Field, and Layton, 2, Suffolk-
.

lane, Cannon-street, E.C.
Brokers—Messrs. Crossley Brothers and Co., 8, Royal
Exchange-buildings, Cornhill, E.C.
Secretary (pro tem.)—Mr. Alfred Rippon.
Temporary Offices:—
Lombard House, Georgt-yard, rombard-street, London,
E.C. ; and at the Banking Rouse of Mr. Jacques Poumay,
Bucharest.

The Roumanian Gas-Light Company (Limited) bas been
formed for acquiring and vorking a concession which has
been granted by the Municipality of Bucharest for the ex-
clusive right of lighting that city with gas.
The term of the concession is 40 years, from the Bth
April, 1858; at the expiration of that period the works
will become the property of the municipality on payment
of .£18,0410 to the company. A sinking fund is provided by
the Articles of Association for replacing the original out-
lay at the termination of the concession.
The City of Bucharest, the capital of the Danubian
Princip dities, is an increasing city; its p pulation is esti-
mate 1 by the Mayor, M. Canticuzeue, at 250,000 persons,
occupying about 34,000 houses. Railways are in course of
construction connecting Bucharest with the principal
continental lines. The first line of 42 miles is now open
from Giurgevo, the nearest port on the Danube to Bu-
charest.
A site of 71 acres for the gas works, immediately ad-
joining the new railway station, has been granted by the
municipality, free of all charge.
Coals are to be admitted free from municipal dues, for
the exclusive purpose of the manufacture of gas.
The municipality have contracted to pay for a minimum
of 4,000 public lights at the rate of 6s. 10d. per 1,000 cubic
feet. The quantity of gas thus contracted for is upwards
of 60 millions cubic feet per annum, and the Engineers
estimate tha.t.receipts from the public lighting alone will
pay a net profit of 3-1 per cent. on the total capital of the
company, after setting aside a sufficient amount to provide
for the sinking fund above referred to. The concession
further gives the right to charge to private consumers Bs.
10d. per 1,000 cubic feet. The Engineers report that from
this source of revenue a profit of over 14 per cent. may be
expected so soon as ttre works are fairly established, thus
making together a profit of nearly 18 per cent. on the
capital. They estimate that the best English Coal may be
delivered on the works at a cost not exceeding_ 355. per
ton, and that Coke will'be sold at 40s. per ton. The rates
furgas are subject to a reduction of 10 per cent. at the ex:
piration of each period of ten years during the term of the
concession. . _

The estimates of cost for the erection of Works of a plain
and substantial character have been prepared by Mr. G. W.
STEVENSON, C.E. Before proceeding to make the provi-
sional contracts based thereon, these estimates were sub-
mitted to Mr. E. Woons, C.E., who, after having investi-
gated the matter independently, reported that the same
aro reliable and moderate. The reports of these gentle-
ua,n tire appended.
Provis:oual contracts have been entered into by the com-
pany for the execution of the works for sums within the
estimated amounts. The business of the company will not
Ite commenced until, in the lodgment of the Board, a suf-
ficient number of shares have been subscribed for.
By the Articles of Association, it is provided that the
amount pay abler by the ecmpany towards the preliminary
expenses is limited to £5,000.

The concession granted by the Municipality of Bucha-
rest, the plans of the works, the reports and estimates of
the Engineers, the provisional c.,ntracts and the Articles of
Association, may heinspected at the Office of the Company,
where every explanation will be given.
Applications for shares must be made on the annexed
form (which can also lie obtained from the Brokers, Messrs.
Crossley Brothers and Co.), to the Directors of the Rou-
manian Gas Light Company (Limited), but no application
will be considered unless accompanied by a deposit of, or
the receipt of, the bankers for £2 per share on the number
of shares applied for.
The Subscription List will be closed on Monday, the
21st instant, in London, and on the following day for the
country.