The Sun.
London, England, 1856-12-23 00:00:00

TURKEY.

CONSTANTINOPLE, Dec. 12.—The following is the
official project for a railway from Varna to Rust-
chuk, by way of Shumla, which may be considered
in its present form as so much waste paper, for it
is not very probable that anybody will embark in
such an undertaking under the conditions laid
down by the Turkish Government.

PROPOSAL OF THE TURKISH GOVERNMENT FOR THE
CONSTRIICTION OF A RAILWAY FROM RUSTORUK TO
VARNA BY SHU3ILA. •
"Tile Imperial Government informs capitalists that it
is purposed to construct a railroad, which, passing
through an important place like Shumla, connecting thus
Yarns with the Danube, and ending at Rustchuk, would
likewise unite the Danubian Principalities with Varna.
This route would diminish the distance between Con-
stantinople and Vienna by 100 hours ; it would obviate
the difficulties which navigation encounters at the
mouth of the Danube, and m ould consequently be of
great advantage for the future.
" The advantages and conditions granted to the com-
pany which would undertake this line are as follow :
" 1. The railroad will bear the name of Imperial
Ottoman -Railroad, and will be subject to the regulations
of the empire.
"2. When the surveys on the spot will be finished,
the company will receive 5 per cent. guarantee on the
sum which will have been fixed for the expenses of con-
structing the line. . .

"3. The company will have the right of cutting
gratuitously the wood required for the construction in
the forests of the State, situate in the environs of Varna
and Shumla.

" 4. All the uncultivated land belonging to the State
and necessary for the construction of this line will be
likewise giv€n gratuitously to the company. For the
private property through which the line will have to
run a price will be fixed according to the regulations,
which price will be repaid to the company.
"5. The materials and machinery which the company
will bring from abroad for the construction and the
working of the railways will be exempted from Customs
dues.

" 6. The Imperial Government has the intention of
transforming into a maritime port the Lake of Varna,
which offers all the advantages of a large and sure
harbour.

"7. The moment the company receives the grant
it will have to deposit a sum equivalent to 2 per cent.
on the capital, on which the Sublime Porte will have
guaranteed an interest of 5 per cent.
"E. If on the capital on which the Sublime Porte will
have guaranteed an interest of 5 per cent. for the con
struction of the railway and the port, the profits, after
the deduction of expenses, should surpass 5 per cent.,
the surplus will not belong to the company, but will be,
in the first instance, employed to repay the sum paid as
guarantee by the Imperial Government, and after
this shall have been done, the profits exceeding five per
cent. will be divided equally between the Sublime Porte
and the company.
"9. The concession will be granted at most for 90
years. The company which will most diminish this
term, as well as the interest to be guaranteed, and which
will, besides, give the most favourable conditions in
other respects to the Imperial Government, will have the
preference. At the end of the term fixed in the conces-
sion the railroad, with all its dependencies, will become
gratis the property of the Sublime Porte. As for the
engines and other accessories the Imperial Government
will buy them at a fair valuation, and the stipula.'ions in
this respect will be discussed and inserted in the &mans
at the time of the concession.