The Sun.
London, England, 1866-02-28 00:00:00

G~XI rJ)

SECRETARY (pro tem.)
Alfred Lowe, Esq.
TEMPORARY OFFICES.
17 and 18, Cornhill.

. 23•

b. 28

b. 28
5. 28.
tr. ''''
......,--

luare,
uglA

arl of

ILla CC:I
te Sir

igite"
rene°

gvr Ft
). 112.

Tlleim BANKERS.
'lgra and Masterman's Bank (Limited), London and
ra,„;n.
The ational Bank, London, and its Branches in Ireland.
National Bank of Liverpool (Limited), Liverpool.
SOLICITORS.
11688 rs. Newbon, Evans, and Co., 28, Nicholas-lane, E.G.
eTssrs. Valiance and Valiance, Essex-street, Strand, and
'°nlbard House, George-yard.
BROKERS.
Item
ssrs. Mullins, Marshall, and Daniell, 3, Lombard-street,
E.o.
E-I'B. Hill, Fawcett, and Hill, 29, Threadneedle-street,
C I'B.
Reser& Laurence, Son, and Pearce, 7, Angel-court, Throg-
_ blorton-,street, E.C.

Elvt+lNEEit—ps.obMY.
orde,'lft.rseflies (Member of the Conseil

OBJECTS OF THE COMPANY.
he,lle imperial Land Company of Marseilles (which has
nearly 12 months in course of organisation) is este-
-1),18,,hed with a view of purchasing and acquiring land and
th-PertY in the important city of Marseilles, the resale of
coatieme, and the acquisition of concessions and privileges
ei:°ted with the development and improvements of the
fand
/-1 pert.
/et furtherance of these objects, and after long and care-
41,uvestigation, various properties have been purchased
the best portions of the city, and where the progress of
tmprovements gives assurance of profitable results.
Thwee PROPERTIES ACQUIRED.
fon Properties which the Company have acquired are as
o
1 rp
ton' he Joliette property, comprising about 2,244,000
`i.ar,,,e feet of building land, exclusive of streets.
98 'she Rue Imperiale property, consisting of about
et square feet.
Imperial-th Catalans property, consisting of theihotel, the
about
Club, baths, houses, and building plots, in all
tit 2,300,000 square feet.
about The Prado property, consisting of building plots of
i 2.46,000 square feet.
pan will be seen, on reference to the map, that the Com-
town Purchases comprise the lands to the north of the
eta): as Well as those to the south, with a large extent of
-s'ard; making a total of about 4,900,000 square feet.
If MARSEILLES, PROGRESS OF.
eit
_es, both in population and wealth the first maritime
304-„,11 Fence, contains a dense population of more than
to'"uo Souls. During the past year 18,000 vessels, with
h_atioaage of upwards of 3,000,000 tons, entered and leftthe
zleah,,uri Marseilles commands the commerce of the
41,6.-A',"errattean, engrosses nearly the whole trade with
Was' and is the packet station for the Peninsular and
oth,,--`4l Steam Company, the Messageries Imperiales, and
ttolireteata packet companies trading with all parts of the
It possesses commodious docks and warehouses,
of prau3:_rztilways, is in direct communication with all parts
'
The".
rapidi old harbour having been found inadequate for the
of 14., 7 expanding commerce of the place, the new harbour
tqkt Joliette, covering an area of 68 acres,was constructed,
by b,a°o_,nstantly crowded with shipping. It is surrounded
and ,"'" quays, with stately buildings on the north side,
- new town is rising rapidly in its immediate vici▪
nity.
1140 1860 three other basins have been comstructed,
ed nu Lazaret, d'Arenc, and Napoleon, which doubles
10, harbour
accommodation of Marseilles.
EMPEROR'S INTEREST IN MARSEILLES.
French
well known that his Majesty the Endieror prosperity the
I.4.l..ntakes deep interest in the welfare an
belivef
thaMiles, and the Directors have strong reasons to believe
de Majesty's gracious and special protection may be
tlit;'-hmued upon to aid any enterprise having (like
Boa Present Company) the object of developix!g. the re-
fo ees of the city, and accordingly application is intended
rthw.
able 'ta to be made by the Directors to obtain the valu-
rank concession for razing tho Fort St. Nicholas, and to
° the new Catalans Port.
RUE IMPERIALE.
feetY...!;12,0 construclien of the Rue Imperiale, which is BO
retulYele, and limA-bvimporiatit buildings, itillreet
the gation has been effected between the Rue Canobiere,
aewi,_/°.bange, the Ancien Basin
.or old harbour,. and the
the basins or docks above mentioned. This has
.cau.sedd
etVeoe,nl9lition of large blocks of houses, densely. occupied,
h 0 circumstance, together with the previous. deficiency
bitildie accommodation, renders the construction of new
tialgs absolutely necessary for commercial and residen-
of OPoses, an
ndd causes an eager demand for vacant plots
lulditig la.
To th.JOLIETTE PROPERTY ACQUIRED.'
Zaireis quarter of the town, where the commercial re-
Oes quarter
of the growing population are so great, the
Lannylatta has secured about 57 acres of Freehold Bui▪ lding
lave exclusive of streets—and this under exceptionally
terms circumstances, both as respects situation and
ii,„°f Payment,.
147 E lI,IPERIALE. PROPERTY ACQUIRED.
bais,,°,re than 98,000 square feet of this land are in the Rue
grale the finest street in Marseilles. The remainder
Pe,tilatted in the Quartier de la Joliette, commencing at the
/3 °I Ls Jo]. tte, d extending the whole length of the
11.3 an
tati;','4, the Basin d'Arenc, the Port Napoleon, and termi-
etrZg at the Basin Radoub. These lands are traversed by
/t4-ve te from 40 to 50 feet wide, in connection with the
totinjulPeriale by the Boulevard Maritime, and are sur-
eed by an industrious and thriving population.
The TERM OF PURCHASE.
lepe,,,e land will be handed over to the Company completely
eo 'led, with all the streets and footpaths paved, drainage
'eltl4.lslete, gas laid on, and provision made for the supply of
rr to the topmost storeys.
th's by the conditions of the treat for th acquisition of
bee aohette Estate, it is stipulated that six years should
hoeBi"t; by which time the estate is to be covered with
ik4l-868, the option is reserved to the Company for the
ParelPeriod, during which it may elect either to pay the
keto.-ase-money in one sum, or to make an annual pay-
Nit' of equal instalments, extending over a period of
5' Years, with a fixed rate of interest and sinking fund.
e? PROFESSOR DONALDSON'S REPORT.
eoagre the treaty for this portion of the property was
weer d, the purchasers secured the services of pfo-
13;ehl,"onaldson (late President of the Institute of
02.,.:" cts) to personally investigate the operations in
sites, 88 at Marseilles, and the character and value of the
4. copy of his report accompanies the prospectus.
The CATALANS PROPERTY ACQUIRED.
heed
of ,eaLtalansproperties are in the immediate neighbour-
front ''"eManne Residence of the Emperor, and command
miiage to the sea of about a mile in length. They are ad-
viiiagY situated both for business premises and private
Burr
lifah-tDINGS NOW ON CATALANS ESTATE.
4, oterd:, nrst-class houses are already erected; a magnificent
(sow .now open), having 140 rooms ; and the Imperial Club
t'aeoh"4 course of construction), of noble architectural ele-
,beeerittirrounded with terraces and gardens, all laid out
atabb..l-e Government plan. There is an extensive Bathing
m 41137. often frequented by more than 5,000 bathers
;
Fort district will undergo a radical improvement when
Lrob, the
Nicholas, which separates the Catalan property
tlete ° centre of the town, shall have been demolished, a
the t" constructed, and additional streets made, so asto
eideciMplete the facilities for communication between
The and new portions of the town.
their
o.,,tunicipality of the town of Marseilles engage, at
'l'll4,—u expense, to lay down gas, make Macadamised
Theand insure a proper water supply for the houses.
to _re are in this quarter about four miles of streets from
tighte°,,P feet in width, which have been receny openedand
/NC with gas ; and the Boulevard la, Cordesie (72 feet in
(d the and lately opened for traffic) forms a continuation
ThAlendid promenade of the Prado.
ttohe
nee_ entt:.l of
communicates with the Quai de Rive Neuvo,
w
the old port, and of the commerce of the
f4c•
teLbe Boulevard de l'Empereur. All these important
doom,ish assurances of great success ; and there can be
sold at
that this portion of the Company's properties will
at a Price which will yield a very large profit.
is
Th th THEs PRAD
e nO PROPERTY.
Ith rado Land ar the Southern Railway Station,
/jab; eantltnlisrable position, eaairid well adapted for the estab-
ti With et warehouses, shops, &c.
lies, a respect to the value and prospects of these proper-
Zirgelieigrt by Mr. P. Borde,. the well-known engineer, of
8 th. aCCOMPatIieS this prospectus, giving ample de-
Alerrim
T AND PERIOD OF PAYMENTS.
4264,6-4'sB t,!tmount of purchases. is £3,325,163 ; of this sum
'es, am is Payable by instalments spread over various
otly
.v_ci extending in part to a period of 50 years, and
u1ee,,Z6523 in cash, on taking over the estates ; caution
a,s_uee ,;f 'ling lodged in the meantime for the due observ-
reted Xi° Company's engagements. It is therefore ex-
Wet's, Za,t, with the aid of the Company's. borrowing.
the se h more than £lO per share will be required on
I%l's/14:tires not fully paid up on allotment. Thus, with a
th vely small amount of capital, the shareholders
large evantage of profit derivable from dealing with a
xtent of property.
As . JOLIETTE PROPERTY RESOLD.
have telre,_liFe of the value of the purchases, the Dieectors
e° elude to announce that they have.tcready
4rBeine arrangements with an association of builders at
ohette p to transfer to them one of the properties (the
r'ttY andr°PertY) at a profit of about £600,000, such pro-
nto° Profits to he id
Pa ior by Annuities and Sinking
efTy fervtehreapriod of 30- years,with option on theirpart to
feu tau__
On nole at any time during five years, with an
)er minions
athe part of the contractors to deposit a sum of
cultlede (the friltocs (£160,000) as caution money, at fixed
Of 41 rst instalment of which was paid on the exe-
litin r ‘wu?the°iallatract), and also to cover the property with
period of five years at their own cost.
'tad frontaolders
fro opetok_ wl have the benefit of this coi!tract,
tieut this uer, 1867, will receive the income derivable
en a to be parct, viz., the difference between the Annul-
j°ined to"
ttoreceived by the Company, and this in-
lte
uriag that
the existing from the Catalans
to the anticipated profit on further sales
period, Will, it is estimated, not only enable the