The Sun.
London, England, 1866-03-06 00:00:00

The I
.OBJECTS OF THE COMPANY.
heeh TuPenal Land Company of Marseilles (which has
1)14 nearly 12 months in course of organisation) is esta-
proLed with a view of purchasing and acquiring land and
tlteZtY in the important city of Marseilles, the resale of
cota,,lne, and the acquisition of concessions and privileges
city ineLed d with the development and improvements of the
In raneeitlierthe of these objects, and after long and care-
iu thLestigation, various properties have been purchased
the ;,„." u"st portions of the city, and where the progress of
"Provements gives assurance of profitable results.
The PROPERTIES ACQUIRED.
kilo_ Properties which the Company have acquired are as
kinar'oo Joliette property, comprising about 2,244,000
o,,leet of building land, exclusive of streets.
4,000'" Rue Imperial° property, consisting of about
3, square feet.
iteup,,-"lke Catalans property, consisting of the)hotel, the
abo-u;'al Club, baths, houses, and building plots, in all
4. ;4,300,000 square feet.
about Pradoproperty, consisting of building plots of
It 246 00,
it • u square feet.
Da Vnll be seen, on reference to the map, that the Com-
tow115;;8 Purchases comprise the lands to the north of the
Ileebn as well as those to the south, with a large extent of
ard ; making a total of about 4,900,000 square feet.
ble,, MARSEILLES, PROGRESS OF.
city 1"""les, both in population and wealth the first maritime
300 a Prance, contains a dense population of more than
ate n°lllB. During the past year 18,000 vessels, with
aarbs-lie of upwards of 3,000,000 tons, entered and left the
Nedif,lir• Marseilles commands the commerce of t.he
Alg."'rranean, engrosses nearly the whole trade with
etherand is the packet station for the Peninsular and
ether Steam Company, the Messageries Imperiales, and
Werld7ani Packet companies trading with all parts of the
au It ,It possesses commodious docks
.and warehouses,
of i,ly railways, is iu direct communication with all parts
Tl;ftne,°.
rapial„,,M harbour having been found inadequate fo.the
Of Le;:r expanding commerce of the place, the new harbour
sus oliette, covering an area of 68 acres,was constructed,
by b 8 constantly crowded with shipping. It is surrounded
Site anew quays, with stately buildings on the north side,
town. is rising rapidly in its immediate vicinity.
haelsci 1060 three other basins have been comstructed,
the b2,llLazaret, d'Arenc, and Napoleon, which doubles
Titt.Toour accommodation of Marseilles.
IC; •AIPEROR'S INTEREST IN MARSEILLES.
I'o,l well known that his Majesty the Emperor of the
ikrareeeriltakes deep interest in the welfare and prosperity of
(\g at and the Directors have strong reasons to believe
di-,,-aiesty's gracious and special protection may be
pnr,.-Z u Comp aid
thenay enterprise having (like
:01iie„'nt any) object of developing the re-
lurth -8 of tho ch and accordingly application is intended
able with to
be made, by the Directors to obtain the valu-
kek
"u
secue
ticession for razing the Fort St. Nicholas, and to
Uew Catalans Port.
f th RUE IMPERIALE.
,-et construction of the Rue Imperiale, which is 80
gittiii -5 and lined by important buildings, a direct cpru-
the teatiou
'ats been effected between the Rue Canebiere,
fi,e‘tblu-ange, the Ancien Basin or old harbour, and the
-`3 Ins or docks above mentioned. This has caused.
Irhic,etnolition of large blocks of houses, densely occupied,
ho circumstance,
together with the previous deficiency
b,,aikli„B6 accommodation, renders the construction of
.new
"al purge absolutely necessary for commercial and residen-
t'f tkiltscs, and causes an eager demand for vacant plots
g laud.
thislit OLIETTE PROPERTY ACQUIRED.,
itemme quarter of
growing po the town, where the commercial re-
ri-ents of thepopulation are so great, the
NallY has secured about 57 acres of Freehold Building
I,ou,,,clustve of streets—and this under exceptionally
.trkst-;Tipeaycnairceulamt. stances, both as respects situation and
0,-„IMPERIALE. PROPERTY ACQUIRED.
I..AlnPeti-ajnall 98,000 square feet of this. land are in the Rue
Dait„ the finest street in Marseilles. The remainder
ort of in the Quartier de la Jolptte, commencing at the
OCk:' IA Joliette and extending he whole length of the
the Basin d', Arenc, the Port Napoleon, and termi-
RRuetrse gat the Basin Radoub. These lands are traversed by
eta frnm. 40 to 50 feet wide, in connection with the
rolinduiPeriale by the Boulevard Maritime, and are sur-
le bY an industrious and thriving population.
h. ,and TERM OF PURCHASE.
will be handed over to the Company completely
coluhN With all the streets and footpaths paved, drainage
Itat;e,te, gas laid on, and provision made for the supply of
ir the topmost storeys.
the the conditions of the treaty for the acquisition of
Riollette Estate, it is stipulated that six years should
110144 en, by which time the estate is to be covered with
kne-Z ,the option is reserved to the Company for the
lkrehnrlod, during which it may elect either to pay the
41cnt ~lltioney in one sum, or to make an annual. pay-f
tlarty equal instalments, extending over a period o
Years, with a fixed rate of interest and sinking fund.
b
,efo -OPESSOR DONALDSON'S REPORT.
tei„re the treaty for this portion of the property was
4,easer'qed, the purchasers secured the services of Pro-
nhiteualdson (late President of the Institute of British
r;rore ef 8) to personally investigate the operations in
sites, at Marseilles, and the character and value of the
',copy of his report accompanies the prospectus.
Th nuATALANS PROPERTY ACQUIRED.
hood of%ttalans properties are in the immediate neighbour-
' hunt 'ue Marine Residence of the Emperor, and command
Illitabinge to the sea of about a mile in length. They are ad-
situated both for business premises and private
It kao:VINGS NOW ON CATALANS ESTATE.
Clrst-class houses are already erected; a magnificent
."°W 47'w open), having 140 rooms ; and the Imperial Club
ation-` course of construction), of noble architectural ele-
tVe't grounded with terraces and gardens, all laid out
lisitaell!uovernment plan. There is an extensive Bathing
,7% --t, often frequented by more than s,ooobathers
"`lllB
L.°-„‘ St I'...et will undergo a radical improvement when
Ole the /Nicholas, which separates the Catalan property
Lp° centre of the town, shall have been demolished, a
tltier,„'" cnustructed, and additional streets made, so asto
ola tuPlete the facilities for communication between
the mu new portions of the town.
their of the towu of Marseilles engage, at
1.,,18,(3-`exPense, to lay down gas, make Macadamised
.I'4 -nu insure a proper water supply for the houses.
19 te sr: e
ar in this quarter about four miles of streets from
),.,111tea within width, which have been recently opened and
Ath and g and the Boulevard la Corderie (72 feet in
latelopened for traffic) forms a continuation
o promenaden of the. Prado.
toe rict communicates with the Quai de Rive Neuve,
fWu I,l',„nziof the old ort, and of the commerce of the
b'ectti firJ:jun? Boulevard de l'Empereur. All. these important
doubt tZ'_" assurances of great success , and there can be
sold at nat this portion of the Company's properties will
a Price which will yield a very large profit.
iii he
Prad THE PRADO PROPERTY.
hie
tld . orable p Lan
osdsition, and are near thwell adapted for the Southern Railway o
estab-
,
Station n u
ent of
tie- ith r warehouses, shops, &c.
a rs "Pect to the value and prospects of these proper-
OrseiliPnrt by Mr. P. Borde, the well-known engineer, of
there,ails accompanies this prospectus, giving ample de-
1, AMe°T,IL
k2.ho uNT AND PERIOD OF PAYMENTS.
'64, t43e tal. amount of purchases is £3,325,163 ; of this sum
te 18 fu
%I a, and _ Payable by instalments spread over various
,c 65,
.-,)ltending in part to a period of 50 years, and
b,,023 in cash, on taking over the estates ; caution
be-geees of 7hillegril_odged in' the meantime for the due observ-
110_eti tha, k'oTpany's engagements. It is therefore ex-
tb.7ere, „_,L, with the aid of the Company's borrowing
eZ2se ebt;."_taniore than £lO per share will be required on
ii:N)ararnot fully paid up on all,4ment. Thu with a
1. ,1'" the small of capital, tho shareholders
37 profitlare,evxatnetaotgoefopfroperty.derivable from dealing with a
A 8 evl •de JOLIETTE PROPERTY RESOLD.
nFe of the value of the purchases, the Dir.ectors
;15tleludSei1eclattSfaCt1011 to announce that they have a.ready
arrangements with an association of builders at
1) lette to transfer to them one of the properties (the
/%1113t3r ands eltY) at a profit of about £690.,000, such pyo-
Pay cfl°vr a u4i to be paid for by Annuities and Sinking
0154 °l' the ~Pielrlocl of 30 years,with option on theirpart to
fejatioa 0,„ole at any time during five years, with an
per. /Milian;
of francs
part of the contractors to deposit a sup of
eutf°4B (the m.incs (£160,000) as caution money, at fixed
LuiinP of tie first instalment of which was paid on the exe-
o;unga 40C1,?ntract), and also to cover the property with
Ile share' In a Period of five years at their own cost.
fro ern iroul 0 share' will have the benefit of this contract,
ties this etober, 1867, will receive the income derivable
44 to be contract, viz the difference between the Annul-
-41t,0 j°incPaa id, and received the Company, and this in-
the existingrevenue from the Catalans
"It that as to the anticipated profit on further sales
Peri°d, will, it is estimated, not only enable the