The Sun.
London, England, 1866-12-21 00:00:00

Nro.►~~

SECRETARY.
W. J. L. Heriot, Esq.

PROSPECTUS.

To be retained by the Bankers.

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DIRECTORS. •
The Right. Hon. Viscount Bury, Rutland-gate.
Frederic Doulton, Esq., M.P., Metropolitan Board o
works.
Albert Grant, Esq., M.P., London.
Lieut.-Colonel Edward Neville, Clarges-streot.
John'irving Pascoe, Esq., Highbury New Park.
Henry Pownall, Esq., Russell-square.
Edward Warner, Esq., M.P., London.

CONSULTING ENGINEER.
J• W. Bazalgette, 0.E., Engineer-in-Chief to the
Iletropolitan Board of Works.

BANKERS.
Messrs. Smith, Payne, and Smiths, 1, Lombard
Street, E.O.

Souciront
•
:1L .„.ssrß. West and King, 3, Charlotte-row, Mansionuonse, E.C.

BROKERS.
Francis Cope, Esq., 1, Angel-court, Throgmorton.
Street, E.C.
Messrs. Price and Dovot, 54, Threadneedle-street. E.C.

OFFICES.
St. Clement'i House, Clement's-lane, London, E.C.

The object of thiq Company is to carry out the micas-
-Bi°nn granted by the Municipal Council of Brussels, in con-
cert with the authorities of the province of Brabant and
the Belgian Government, for the drainage and coincident
woProvements of the capital of Belgium.
The magnitude and value of th-,se concessions will be
understood by the fact that they include subsidies to be
L'eceived by the Company in cash and Annuities, of the
value together of 26,000,000 f., or .£1,040,000 sterling,
Which have been voted by all the authorities and sanc-
tioned by the Crown.
The original estimates for the principal part of these
works were examined and verified by Mr. J. W. Bazdgette,
.ilgineer-ln-Chief to the Metropolitan Board of Works of
London, under the sanction of that body; and these esti-
mates have been further tested by months of minute and
careful revision on the part of contractors and their respec-
tive engineer&
It is intended that the whole of the works shall be com-
pleted within four years.
The importance of-the undertaking is evidenced in the
lwetraaed official debates in the Brussels Municipal Coun-
cil, and also in the Belgian Chambers and Senate on the
subject, and by the special report thereon from Lord
Reward de Walden, her Majesty's Minister Plenipotentiary
at Brussels, transmitted by the Earl of Clarendon, through
Btr George Grey, to the Metropolitan Board of Works, in
„.tendon, and recorded in their Minutes under date of
40,ay 18, 1866, an extract of which is annexed to the
Prospectus.
His Majesty the King of the Belgians has expressed his
desire to inaugurate the works by laying the first stone in
State ceremony, which is fixed to take place at Brussels on
Wednesday, the 22nd of January next.
It will be at once seen by this brief description of the
concession that it is one of no ordinary character.
The capital of the company is fixed at £350,000, in
65,000 shares of £lO each, divided into 25,000 A Prefer-
luxe Shares and 10,000 B Deferred Shares.
The privileges attached to the respective share capital
are as follows :
The A Preference Shares are to be redeemed out of the
assets of the Company, by -drawing by lot, and each share
Paid off at £l5 per share, being a bonus of £5 per share ;
the drawings will take place on the following dates,

On. the 22nd January, 1870, 6,250 shares, or £62,500,
71 1871, 6,250 £62,500,

1872, 6,250 „ £62,500.,
1873, 6,250 „ £62,500,

Total shares 25,000 or £250,000
Until so drawn and paid off, each share to bear interest
tt the rate of 8 per cent. per annum, payable half-yearly, on
,t
he Ist of January and Ist July in each year, for which
'oterest warrants will be attached to the shares.
Reckoning the redemption at the dates and at the bonus
‘bamed, the investment will pay subscribers a rate of in-
'crest ne follows :—those shares which are drawn, and
thus are
To bo paid off on 22nd of January, 1870, .will have re-
ceived a total interest and bonus of 244 per cent. per annum.
Those to be paid off on 22d January, 1871, will have re-
ceived a total interest and bonus of 20i per cent. per annum.
Those to be paid off on 22d January, 1872, will have re-
ceived, a total interest and bonus of 18 per cent. per annum.
' The Directors do not pledge themselves to make an
allotment to every applicant, nor to allot the whole of the
shares, it being their desire to place this small capital in
tee hands of bona fide investors.
Those to be paid off on 22d January, 1873, will have re-
ceived a total interest and bonus of 164 per cent. per annum
• The B Deferred Shares represent the Concessionaires'
ilterest in the Company. These shares will not ha en-
tl
'tied either to payment of any interest or capital until the
I,Whole of the Preference Shares have received their capital
L'aek, with the interest and bonus before referred to ; there-
'`'re the Deferred Shares become practically and virtually
guarantee to the Preference Shares.
for Applications for shares may be made in the annexed
el, which must be accompanied by the payment of £2
Per share deposit, without which no application will be
eoasidered.

FORM OF APPLICATION FOR SHARES.

TO the Directors of the Belgian Public Works Company

(Limited).
Gentlemen—Having paid to your Bankers beingssrs. Smith,
of £2 and Smiths, the sum of -£ , a deposit
per Share on A Preference Shares in the
4aove Company, I hereby request that you will allot me that
Ilthuber, and I agree to accept such Shares, or any less
Illimber yo u may allot to me on the terms of the Prospec-
s, and I agree to pay the deposit on allotment, and to
'4'Ru the Memorandum and Articles of Association of the
,(),npany, as duly registered, when required. And I all-
linrise you to insert my name on the register of members
of the shares allotted to me.

Usual Signature
Name in full
Residence
Protession

Date December, 1866
The above is only a short extract from the detailed
troßNetus, which can be had, with copy of the letter of
40 British Minister in Brussels to Earl of Clarendon, on
4PPlication to the Secretary at the offices of the Company.

THE BELGIAN PUBLIC WORKS COM-
PANY (Limited).
NOTICE IS HEREBY GIVLN, that the LISTS of
pPLICATION for SHARES in the above Company will
dons,CLSED on FRIDAY NEXT, the 28th instant, for
n'- and SATURDAY, the 29th instant, for Country
"IVications.

By order of the Board,
W. J. L. HERIOT, Secretary.
St. Clement's House, Clements-lane, E.C.

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