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

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57.

ABRIDGED PROSPECTUS.
ISSUE OF 25,000 A PREFERENCE SHARES OF £lO
EACH BEARINp 8 PER CENT. INTEREST, AND
REDEEMABLE AT £l5 PER SHARE.

THE CREDIT FONCIER OF ENGLAND (LIMITED)
ARE PREPARED TO RECEIVE APPLICATIONS
FOR THE ABOVE SHARES IN
THE BELGIAN PUBLIC WORKS COM-
PANY (Limited).
Ca.pital £350,000, in 35,000 Shares, £lO each. Divided
into 25.000 A Preference Shares, £lO each (being the
Shares now offered for subscription), and 10,000 B De-
ferred Shares, of £lO each.
DIRECTORS.
The itight Hon. Viscount Bury, Rutland-gate.
Frederic Doulton, Esq., M.P., Metropolitan Board of
Works.
Albert Grant, Esq., M.P., London.
Lieut.-Colonel Edward Neville, Clarges-street.
John Irving Pascoe, Esq., Highbury New Park.
Ifenry Pownall, Esq., Russell-square.
Elwarcl Warner, Esq., M.P., London.
CONSULTING ENGINEER.
J. W. Bazalgette, Esq., C.E., Engineer-in-Chief to the
lletropolitan Board of Works.
nANKERS.
Messrs. Smith, Payne, and Smiths, 1, Lombard-
Street, E.C.

Soudrroits.
'Messrs. West and King, 3, Charlotte-row, Mansion
E.C.

BROKERS.
Francis Cope, Esq., 1, Aug-el-court, Throginorton-
E.C.
Messrs. Price and Devot, 51, Threadneedlo-street, E.C.

OFFICES.
6t. Clement'i House, Clement's-lane, London, E.C.

SECRETARY.
W. J. L. Reriot, Esq.

PROSPECTUS.

-the object of this Company is to carry out the conces-
°lune granted by the Municipal Council of Brussels, in con-
cert with the authorities of the province of Brabant and
Ilia Belgian Government, for the drainage and coincident
improvements of the capital of Belgium.
The magnitude and value of the.se concessions will be
nliderstood by the fact that they include subsidies to be
received by the Company in cash and Annuities, of the
l'due together of 26,000,000 f., or £1,040,000 sterling,
Which have been voted by all the authorities and sane-
'lulled by the Crown.
The original estimates for the principal part of these
'works were examined and verified by Mr. J. W. Bazalgette,
Tendon,
to the Metropolitan Board of Works of
''endon, 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 engineers.
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
Protracted 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
40ward de Walden, her Majesty's Minister Plenipotentiary
,
Brussels, transmitted by the Earl of Clarendon, through
Tendon,
George Grey, to the Metropolitan Board of Works, in
-I'endon, and recorded in their Minutes under date of
1 ay 18, 1866, an extract .of which is annexed to the
prospectus.
-Ms Majesty the. King of the Belgians has expressed his
Sesire to inaugurate the works by laying the first stone in
ute 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
05.,000 shares of £lO each, divided into 25,000 A Prefer-
auee 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 ;
ue drawings will take place on the following dates,

On the 22nd January, 1870, 6,250 glares, or £62,500,
,1 „ • 1871, 6,250 „ £62,500,
I, If 1872, 6,250 „ .£62,500,
77 11 1873, 6,250 „ .£62,500,

Total shares 25,000 or £250,000
until so drawn and paid off, each share to bear interest
!t the rate of 8 per cent. per annum, payable half-yearly, on
the Ist of January and Ist July in each year, for which
interest warrants will be attached to the shares.
Reckoning the redemption at the dates and at the bonus
tamed, the investment will pay subscribers a rate of in-
terest as follows :—those shares which are drawn, and
thug are
To be paid off on 22nd of January, 1870, will have re-
ceived a total interest and bonus of 241 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
ehares, it being their desire to place this small capital in
the hands of bona fide investors.
Those to be paid off on 22d January, 1873, will have re-
ceived a total interest and bonus of 161 per cent. per annum
The B Deferred Shares represent the Concessionaires'
!!Iterest in the Company. These shares will not ba en-
titled either to payment of any interest or capital until the
ra 010 of the Preference Shares have received their capital
hack, with the interest and bonus before referred to ; there-
fore
the Deferred Shares become practically and virtually
'ft guarantee to the Preference Shares.

Appw
,ii-e.:l-ti.o;1(*); nTad3 in the annexed
formhich must he accompanied by the payment of £2
p~f' share depisit, without which no application will be
considered..

FORM OF APPLICATION FOR SHARES.

To be retained by the Bankers.

XO.

T 0 the Directors of the Belgian Public Works Company
(Limited).
Gentlem-n —Having paid to your Bankers. Messrs. S mith,
Payne, and Smiths, the sum of £ , being a deposit
per Share on A Preference Shares in tho
fi•iclve Company, I hereby request that you will allot me that
Illltnber, and I agree to accept such Shares, or any less
;lumber you may allot to me on the terms of the
"Us, and I agree to pay the deposit on allotment, and to
8%11 the Memorandum and Articles of Association of the
Company, as duly registered, when required. And I au-
thorise you to insert my name on the register of members
of the shares allotted to me.

Usual Signature
Name in full
Residence
Profession
Date December, 1866
Tho above is only a short extract from the detailed
prospectus, which can be had, with copy of the letter of
t",(3 British Minister in Brussels to Earl of Clarendon, on
aPPlication to the Sacretary at the offices of the Company.

rrIIE BELGIAN PUBLIC WORKS '

PANY (Limited).
NOTICE IS HEREBY GIVEN, that the LISTS of
APPLICATION for SHARES in the above Company will
," CLOSED on FRIDAY NEXT, the 28th instant, for
''4udon, and SATURDAY, the 29th instant, for Country
applications.

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

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