The Sun.
London, England, 1866-03-03 00:00:00

The CREDIT FONCIER and MOBILIEit of ENG-
LAND (Limited), in conjunction with the AGRA and
MASTERMANR BANK (Limited), and the NA-
TIONAL BALM, will receive applications for the
capital of
THE IMPERIAL LAND COMPANY of
MARSEILLES (Limited).
~, Capital £1,600,000 in 80,000 Shares of £2O each.
"ePosit on Application £1 per Share, on Allotment £4 per
Share.
It is not anticipated that more than £5 per Share will be
required in addition.
Interest at the rate of Ten per Cent. per annum will be
paid for the first two years, for which Interest Warrants
Payable half-yearly will be attached to the Share Certifi-
cates. After the two years, the profit income on re-sale
of Land already effected, and profit on further sales, will
be applicable for distribution as dividend or bonus.
DIRECTORS.
Albert Grant, Esq., M.P., Directors of the Credit
IVilliani Harrison, Esq., Foncier and Mobilier of
thvard Warner, Esq., M. P., England (Limited).
1
Colonel James Holland, Directors of the Agra
lland,
J. Sydney Stopferd, Esq., and Masterman's Bank
(Limited).
Joseph Neale Ma enna, Esq.,
3.1 p Directors of the National
P. B. Renshaw, Esq., Bank.
11,,,arvey, Lewis, Esq., M.P.
',,aPtain Arrow, Elder Brother of the Trinity House.
"-4. r. Edwards, Esq., Director of the General Irrigation
T. ~,ern_pany of Fiance (Limited).
''' Company (Limited). .
....n. Emile de Girardin, Paris.
Al- Severin Abbatucci, Deputy and Secretary of the Cham-
ber of Deputies, Paris.
Comte d'Ayguesvives, Chamberlain to the Emperor, and
IrMember of the Chamber of Deputies.
'LI• P. Paganelli, 15, Place de la Madeleine, Paris.
BANKERS.
The Agra and Masterman's Bank (Limited), London and
Paris.
The National Bank, London, and its Branches in Ireland.
The National Bank of Liverpool (Limited), Liverpool.
SOLICITORS.
Messrs. Newbon, Evans, and 8, Nicholas-lane, E.C.
Messrs. Valiance and Valiance, Co.,"Essex-street, Strand, and
Lombard House, George-yard.
BROKERS.
Messrs. Mullens, Marshall, and Daniell, 3, Lombard-street,
E.c.
Messrs. Hill, Fawcett, and Hill, 29, Threadneedle-street,
E.c.
Messrs. Laurence, Son, and Pearce, 7, Angel-court, Throg-
raorton-street, E.C.
ZNOINEER-LN-CHIEF.
Monsieur Paul Borde, Marseilles (Member of the Conseil-0
G6nOrai). -- - - -
...... -
SECRETARY (pro tern.)
Alfred Lowe, Esq.
TEMPORARY OFFICES.
17 and 18, Cornhill.

OBJECTS OF THE COMPANY.
The Imperial Land Company of Marseilles (which has
ekedarly 12 months in course of organisation) is esta-
us with a view of purchasing and acquiring land and
property in the important city of Marseilles, the resale of
e same, and the acquisition of concessions and privileges
ee: Il
ylieded with the development and improvements of the
e'tand port.
furtherance of these objects, and after long and care-
-1111 investigation, various properties have been purchased
the the best portions of the city, and where the progress of
" hnprovements gives assurance of profitable results.
PROPERTIES ACQUIRED.
follows
The Properties which the Company have acquired are as
The Joliette property, comprising about 2,244,000
'snare feet of building land, exclusive of streets.
98 oeproperty,
Rue Imperiale consisting of about
square feet.
imper°. The Catalans property, consisting of thelhotel, tall
lout Club, baths, houses, and building plot; in all
ial
2,300,000 square feet.
,bl. The Prado property, consisting of building plots of
about 246,000 square feet.
It 'll be
I seen, on reference to the map, that the Com-
purchases comprise the lands to the north of the
-aboard;
as well as those to the south, with a large extent of
making a total of about 4,900,000 square feet.
MARSEILLES, PROGRESS OF.
Marseilles, both in population and wealth the first maritime
ei y in France, contains a dense population of more than
7)000 souls. During the past year 18,000 vessels, with
han_nilage of upwards of 3,000,000 tons, entered and leftthe
einur. Marseilles commands the commerce of the
A,Aftermnean, engrosses nearly the whole trade with
-oeria, and is the packet station for the Peninsular and
otZental Steam Company, the Messageries Imperiales, and
world. It
packet companies trading with all parts of the
in. It possesses commodious docks and warehouses,
ofd, by railways, is in direct communication with all parts
France,
ta The old harbour having been found inadequate for the
of IrlY expanding commerce of the place, the new harbour
La Joliette, covering an area of 68 acres,was constructed,
17,is constantly crowded with shipping. It is surrounded
4,3;,,,uruad quays, with stately buildings
.on the north side,
B.' a new town is rising rapidly in its immediate vicinity.
:ea 1860 three other basins have been comstructed,
the
Du Lazaret, d'Arenc, and Napoleon, which doubles
harbour accommodation of Marseilles.
I,lrE EMPEROR'S INTEREST IN MARSEILLES.
French
in well known that his Majesty the Emperor of the
depended
:nch takes deep interest in the welfare and prosperity of
rsaillen, and the Directors have strong reasons to believe
ajesty's gracious and special protection may be
upon to aid any enterprise having (like
Ro„ Present Company) the object of developing the re-
f "t,_cea of the city, and accordingly application is intended
,eblitavrith to be made by the Directors to obtain the vain-
concession for razing the Fort St. Nicholas, and to
fake the new Catalans Port.

RUE IMPERIALE.
t
fAJ he construction of the Rue Imperiale, which
corn-
1,74. Wide, and lined by important buildings, a direct
thnnication has been effected between the Rue Canebiere,
e Exchange, the Ancien Basin or old harbour, and the
the death or docks above mentioned. This has caused
vie.olition of large blocks of houses, densely occupied,
(quell circumstance, together with the previous deficiency
'ellso accommodation, renders the ,construction of new
jldings absolutely necessary for commercial and residen-
of bP'Ai arPoses, and causes an eager demand for vacant plots
ding land.
/ JOLIETTE PROPERTY ACQUIRED.I
this quarter of the town, where the commercial re-
remets of the growing population are so great, the
I,2e3Py has secured about 97 acres of Freehold Building
f -au, exclusive of streets—and this under exceptionally
.tavourable circumstances, both as respects situation and
Payment.
atore
IMPERIALE. PROPERTY ACQUIRED.
than 98,000 square feet of this land are in the Rue
rllPerialo the finest street in Marseilles. The remainder
ir! situated in the Quartier de la Joliette, commencing at the
f,ert of La Joliette, and extending the whole length of the
the Basin d'Arenc, the Port Napoleon, and termi-
rating at the Basin Radoub. These lands are traversed by
streets from 40 to 50 feet wide, in connection with the
g, 10 Imperials by the Boulevard Maritime, and are sur-
rounded by an industrious and thriving population.
TERM OF PURCHASE.
_ The land will be handed over to the Company completely
levelled, with all the streets and footpaths paved, drainage
complete gas laid on, and provision made for the supply of
Water to the topmost storeys.
t,e-As by the conditions of the treaty for the acquisition of
bue Joliette Estate, it is stipulated that six years should
given, by which time the estate is to be covered with
houses, the option is reserved to the Company for the
17" e Period, during which it may elect either to pay the
hare-money. in one sum, or to make an annual pay-
tir of equal instalments, extending over a period of
'Y Years, with a fixed rate of interest and sinking fund.
PROFESSOR DONALDSON'S REPORT.
Eefoo the treaty for this portion of the property was
included, the purchasers secured the services of Pro-
,. seor. Donaldson (late President of the Institute of British
archite
pro cts) to personally investigate the operations in
sitgress at Marseilles, and the character and value of the
• A copy of his report accompanies the prospectus.
CATALANS PROPERTY ACQUIRED.
h° The Catalans properties are in the immediate neighbour-
)), Fa of the Marine Residence of the Emperor, and command
Itirraetitage to the sea of about a mile in length. They are ad-
villas.y situated both for business premises and private

1317ILDINGS NOW ON CATALANS ESTATE.
4auY first-class houses are already erected; a magnificent
etel (new open), having 140 rooms ; and the Imperial Club
v..‘11? in surrounded of construction), of g
arden architectural ele-
il-"°11, with terraces and gs, all laid out
ilder the Government plan. There is an extensive Bathing
artBitaiyhlishment, often frequented by more than 5,000 bathers
This district will undergo a radical improvement when
fro ert St. Nicholas, which separates the Catalan property
11 e:t the centre of the town, shall have been demolished, a
r Port constructed, and additional streets made, so asto
ueluder complete tho facilities for communication between
the and new portions of the town.
the municipality of the town. of Marseilles engage, at
,
aird °Nvil expense, to lay down gas, make Macadamised
to
SI and insure a proper water supply for the houses.
4n-there are in this quarter about four miles of streets from
ktu 50 feet in width, which have been recently opened and
v,ted with gas ; and the Boulevard la Corderie (72 feet in
011,"; and lately opened for traffic) forms a continuation
splendid promenade of the Prado.
thuedistrict communicates with the Quai de Rive Neuve,
to:centre of the old port, and of the commerce of the
facts' by the Boulevard de l'Empereur. All these important
",,,2 furnish assurances of great success and there can be
I,co' goubt that this portion of the Company's properties will
sold at a price which will yield a very large profit.
THE PRADO PROPERTY.
fnThe ?rad() Lands are near the Southern Railway Station,
1 admirable position, and well adapted for the estab-
-I%,Latent of warehouses, shops, Jrc.
tiewith respect to the value and prospects of these
.proper-
8, a. report by Mr. P. Borde, the well-known engineer, of
tails the accompanies this prospectus, giving ample de-
uereon.
The
AND PERIOD OF PAYMENTS.
eup! total amount of purchases is £3,325,163 ; of this sum
thtie"o,64B is payable by instalments spread over various
ow 8, and extending in part to a period of 50 years, and
bloY X 656,523 in cash, on taking over the estates ; caution
apletkoeY being lodged in the meantime for the due observ-
pooteq the Company's engagements. It is therefore Fx-
PowA4 that., with the aid of the Company's borrowing
thou s, not more than £lO per share will be required on
shares not fully paid up on allotment. Thus, with a
havPatatively small amount of capital, the shareholders
vere tile advantage of profit derivable from dealing with a
Y large extent of property.
JOLIETTE PROPERTY RESOLD.
havgridence of the value of the purchases, the Directors
eoeluded arrangements with an association of builders at
joiillee, to transfer to them one of the properties (the
o_ert:roperty) at a profit of about £600,000, such
ti-4:vedrpront, to be paid for by Annuities and.Sinking
aholedrio of 30 years,with opon on theirp.a o
ebli,t. at any time during five years, with an
four'_!!'n on the part of the contractors to deposit a sum of
pe,4_l'sulions of francs (X 160,000) as caution money, at fixed
euilcull (the first instalment of which was paid on the exe-
hniiV the contract), and also to cover the property with
The within a period of five years at their own cost.
and f' :Bbareholders will have the benefit of this contract,
freroteiTl October, 1867, will receive the income derivable
ties to a contract, viz., the difference between the Annul-
Noe paid and received by the Company, and this in-
tqadumed to the existing revenue from the Catalans
Its, well as to the anticipated profit on further sales
g 'Qat PeriOd, Will, it is estimated, not only enable the