The Sun.
London, England, 1856-11-19 00:00:00

STEAM NAVIGATION IN RUSSIA.

The prospectus of the new Russian Steam Navi-
gation and Traffic Company, the statutes of which
received the Emperor's sanction on the 3d of
August, is published very conspicuously in the
Journal de St. Petersbourg. This company, which
by the extent of its resources, and by its importance
to " the regeneration of the internal and foreign
trade of Southern Russia," is regarded as one likely
to take rank above all other existing Russian com-
panies, will have a capital of six millions of roubles
to begin with, divided into 20,000 shares of 300
roubles each. At a future period this capital may
be raised to nine millions, by the creation of 10,000
new shares, if agreed to by a general meeting of
shareholders. By the 25th statute of the company,
none but Russian subjects are capable of holding
shares, the laws of the empire prohibiting any
foreigners from taking part in the coasting
trade between the Sea of lzoff and the Rus-
sian Black Sea ports, which is an essential
part of the company's undertaking. Like the
Russian-American Company, it is to be placed
under the special protection of the Imperial Go-
vernment. The objects of its establishment are
defined as being " the development of the trade of
Southern Russia, and of the commercial as well as
the postal communications by steamboats between
that part of the empire and foreign countries."
The following details are to be gathered from the
company's statutes :
The company is bound to keep up certain lines
of communication. Between Odessa and Constan-

tinople, Athos, Smyrna, Rhodes, Beyrout, Jaffa,
and Alexandria, its steamboats are to ply three
times a month, as well as between Odessa, the Sea
of Azoff, and the Circassian coast. If it should be
deemed advisable, boats from Odessa may touch at
the ports of the Crimea, and also at those of the
Anatolian coast, before proceeding to Constanti
nople ; or a line may be established from Odessa,
taking in Galatz and the ports of the Principalities,
and ending at Constantinople.
There is to be weekly communication between
Odessa and Galatz by boats which will stop at Su-
lina, Ismail, and Reni ; there are also to be boats
every week from Odessa to Eupatoria, Sebastopol,
Yalta, Theodosia, and Kertch, as well as from
Odessa to Kinbouru and Nicolaieff, on the river
Boug, and to Kherson, on the Dnieper. Boats
are to ply once a week between Kertch, Marioupol,
Berdiansk, and Taganrog.
The company are bound, moreover, to provide
for 18 voyages in the year from Odessa to Trieste,
calling at Constantinople, Syra, the lonian Isles,
and Antona, as well as for 18 voyages in the year
from Odessa to Marseilles, stopping at Constanti-
nople, the Piraeus, Messina, Naples, Leghorn, and
Genoa. •
These lines are to be opened for traffic as soon as
thy` vessels can be built, but the whole system is
to be' completely in operation within the period of
five
ye. 's from this time. The Government will
cede jto liecompany, at a price to be fixed by
valuation, `llthe steam-boats belonging to the
department wli. . h has conducted hitherto the postal
and commercial utercourse between the different
together with the wharves,
ports of New Russi.. 1,
s belonging to that depart-
warehouses, and store:

went.
The company is to be aim
%t s led byo
much per mile,
the Government
with a subvention calculated .
allowed upon the voyages act Cally m.ade by the
company's vessels. This allowanc,l during the first
ten years will be at the rate of 5 rouLi'les 22 copecks
copecks for
for the Levant voyages, 3 roubles 49t‘
the Marseilles, and 4 roubles 7± eopetiks for the
Trieste voyages ; the allowance for the B:aek Sea
trips will be somewhat lower. After the fiCst ten
years the subsidy will decrease regularly in each
year. Above this mileage, an annual grant pf
64,000 roubles is secured during twenty years.