The Sun.
London, England, 1866-12-20 00:00:00

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CREDIT FONq.EII OF ENGLAND (LIMITED),
TARE PREPARED TO RECEIVE APPLICATIONS
FOR THE ABOVE SHARES IN
THE
BELGIAN. PUBLIC WORKS COM-
t!Pital PANY (Limited).
1.350,000, 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 .CtO each.
Frederic Doniton, EsqritED., M.P crons.
Metropolitan Board of
Works.
Albert Grant, Esq., M.P., London.
Lieut.-Colonel Edward Neville, Clarges-street.
John Irving Pascoe, Esq., Highbnry New Park.
l, Esq., Russell-square.
Edward Warner, Esq., M.P., London.
CONSULTING ENGLNEER.
3.• W. Bazalgette, Esq., C.E., Engineer-in-Chief to the
Metropolitan Board of Works.
BANKERS.
11essrs. Smith, Payne, and Smiths, 1, Lombard-
.4ombard-

SOLICITORS.
„Ressrs. West and King,
.3, Charlotte-row, Mansion
$o .says.
E.C. •

BROKERS.
Prancis Cope, Esq"o
1, Ann,el-court, T hrogmorton-
street E 0
4essrs' Price and Duvet, 51, Threadneedle-street, E.C.

OFFICES.
St. element's Rouse, Clement's-lane, London, E.C.
SECRETARY.
W. J. L. Reriot, Esq.

PROSPECTUS.
8.1 The object of this Company is to carry out the conces-
°" granted by the Municipal Council of Brussels, in con-
,ert with the authorities of the province of Brabant and
Ilta Belgian Government, for the drainage and coincident
'eaprovements of the capital of Belgium.
',The concession, for the due execution, of which £50,000
eattion money has been lodged on behalf of the Company,
,ettqn-ises the construction of an underground channel for
e river Senne (at present an open main sewer) running
troughi the City, together with a broad thoroughfare or
oulevard above that course; a complete system of Main
°ewers, and important branches above, through, and below
'ue
° Iltfal City ; the rectification of the river channel, and an
tl station for exhaustion of the sewage ; it provides
o for the erection of an Exchange, a Market-place, a
..enumental Fountain, and such works as may be neces-
"'ry in connection therewith.
ta The concessions also give the exclusive valuable right
the sewage fur_a period of sixty-six years, subject to the
'al ntenance of the recantation IVorks in connection
therewith.
The magnitude and value of these concessions will be
Understood by the fact that they include subsidies to be
received by the Company in cash and Annuities, of the
11,190 together of 26,000,000 f., or £1,040,000 sterling,
mtuela have been voted by all the authorities and sane-
'oiled by the Crown.
, The caution money will be repaid to the Company in
vt(4,portions as the works progress.
he concession also gives the right confirmed by Royal
decree of expropriation along a belt embracing frontages
(1)111 both sides and in the vicinity of the proposed new
oulevard
and suburban
in addition, the free grant (fee simple) of
all town and suburban land derived from diverted streets,
°Pen public places, and closed river courses, that are in-
L.ll(led within the limits of the concession.
f The value of those stipulations will be readily discerned
rein the fact that (apart from the land, not to be paid for
at
all, being received as free gift), the town blocks to be
turchased and cleared are at present mostly occupied by
aPY indifferent buildings, whereas the site will become
on the most important Boulevard for traffic, business,
t"andt residential purposes, opening up, as it does, a direct
oad between the North and South Railway Termini, and
e land will become saleable by the Company at the
%%Ay-enhanced anticipated value.
-he many thousands of our countrymen who have re-
!e
mlntly visited Brussels cannot but have observed a scarcity
of unoccupied dwellings ; in addition to the existing want
additional accommodation, it should be considered as
'`ut'cling the after value of vacant town blocks in such
Zu,leently desirable situations, that the works alone will,
is estimated, displace upwards of 1,200 families.
After a long course of laborious official inquiry, extend-
Itig over several years, as to the most effectual sanitary
pltn to be adopted, the Belgian Government finally accepted
the report of a special Government deputation c,caumis-
Lieued to make a personal examination of the important
sage and main drainage works of London and the
Suburbs
a? The original estimates for the principal part of these
Lorks were examined and verified by Mr. J. W. Bazalgotte,
ogineer-iu-Chief to the Metropolitan Board of Works of
Zudon, under the sanction of that body ; and these esti-
(7atea have been further tested by months of minute and
sareful revision on the part of contractors and their respec-
tive engineers.
The contracts for the execution of the whole of the main
I:tillage works, and the formation of the Boulevard, have
"II concluded with experienced and responsible Belgian
Lettractors, approved by the Belgian authorities, and who
ave placed at the disposal of the Company sufficient gua-
rantees for the due per,ormance of their engagements.
h filet is intended that the whole of the works shall be corn-
d within four years.
The importauce of the undertaking is evidenced in the
l)'otracted•official debates in the Brussels Municipal Coun-
nand also in the Belgian Chambers and Senate on the
11 I`°t, and by the special report thereon from Lord
,uward de Walden, her Majesty's Minister Plenipotentiary
1;‘, Brussels, transmitted by the Earl of Clarendon, through
/It' George Grey, to the Metropolitan Board of Works, in
padon, and recorded in their Minutes under date of
IlaY 18, 1866, an extract of which is annexed to the
ruallectus.
The late distinguished Monarch, Leopold 1., to whose
Aislora and sagacity Belgium is so deeply indebted, always
4 Warmest interest in these projected works ;
'infestedl:4l the reigning Sovereign, his Majesty Leopold IL, after
17rnestly forwarding every stage of the negotiation from
18 inception, has further testified his conclusive approval
qhaving expressed his desire to inaugurate the works by
tithe place at Brussels on Wednesday, the 22nd of January
It will be at once seen by this brief description of the
::incession that it is one of no ordinary character, whether
la considered in the importance of the work to be done—
„done—
tthe Governmental identification with its success—the na-
leual character of its object—and the directors believe
izil'ey may fairly add without entering into details (which
A aatle a PublicSUM statementS& they cannot do), from its prospect of
ial
3.11 e capital of the company is fixed at £350,000, in
„ MOO shares of £lO each, divided into 25,000 A Prefer-
"a„,ee Shares and 10,000 B Deferred Shares.
he Preference Shares represent the capital to be sub-
jelbed by the public for working out the concession, and
i" Deferred Shares are accepted by the Concessionaires
o`tl consideration of the assignment by them to the Company
the concession.
are The privileges attached to the respective share capital
as follows
:
'rho A Preference Shares are to be redeemed out of the
"sets of the Company, by drawing by lot, and each share
Id off at £l5 per share, being a bonus of £5 per share ;
tV
Vi
drawings will take place on the following dates,
z, •
011 the 22nd January, 1870, 6,250 shares, or £62,500,
17 It 1871, 6,230 „ £62,500,
77 77 1872, 6,250 „ £62,500,
77 11 1873, 6,250 „ £62,500,

Total shares 25000 or £250,000
tintil so drawn and paid off, each share to bear interest
at the rate of 8 per eent. per annum, payable half-yearly, on
the Ist of January and Ist July in each year, for which
`4tereSt warrants will be attached to the shares.
On repayment of the shares of £l5 each, the shares will
haveti to be given up with all interest warrants attached
ereto that have not become due, and the shares so paid
°_ft are to be transferred for the benefit of the B Share-
.ll,Olders. Should the realisation of the concession permit,
a 3 Directors reserve to themselves the right of making,
eL their discretion, either earlier or larger drawings, but in
filth case the £5 bonus per share is still to be paid, not-
"thstanding such earlier or larger redemption of share
eaPital.
4 Reckoning the redemption at the dates and at the bonus
:fled, the investment will pay subscribers a rate of in-
„rest as follows :—those shares which are drawn, and
,kins aro
To bo paid off on 22nd of January, 1870, will have re-
bejed 8 per cent. interest and at the rate of 16k per cent.
aus, or total of 24. per cent. per annum on amount of
'vestment for the period of 3 years.
Those to be paid off on 22nd January, 1871, will !have
received 8 per cent. interest and at the rate of 12k per
Zlt. bonus, or total of 201 per cent. per annum on amount
investment for the penod of 4 years.
Those to be paid off on 22nd January, 1872, will have
teivod 8 per cent. interest and at the rate of 10 per cent.
Ilus, or total of 18 per cent. per annum on amount of
'vestment for the period of 5 years.
Those to be paid off on 22nd January, 1873, will have
;received 8 per cent. interest and at the rate of 81 per cent.
or total of 161 per cent. per annum on amount of
vestment for the period of 6 years.
f,,
These A Preference Shares are now offered to the public
subscription.v The payments are to bo made as follows :
X s. d.
2 0 0 per share on application.
8 0 0 „ on allotment.
210 0 „ on Ist March, 1867.
210 0 „ on Ist July, 1867.

or £lO 0 0
14 all may be paid up at once, either on application or
eiletment, at option of subscriber—interest accruing from
3? of payment in all cases.
aliThe Directors do not pledge themselves to make an
o.otutent to every applicant, nor to allot the whole of the
t;,4lttes, it being their desire to place this small capital in
me hands of bona fide investors.
late B Deferred Shares represent the Concessionaires'
tt,rest in the Company. These shares will not be en-
N;;40(1 either to payment of any interest or capital until the
4111ole of the Preference Shares have received,their capital
ell, 131. e With
the interest and bonus before referred to ; there-
-4 the Deferred Shares become practically and virtually
guarantee to the Preference Shares.
ii„lihe Concessionaires having thus expressed their wil-
, (;FRuess to endorse substantially their opinion of the value
tha concession, it follows that the Deferred Shares will
they receive the surplus, whatever it may amount to after
,redemption of the preference capital, the concession
fiku Property t
ahlen remaining will belong to the Deferred
ers one.
tir,l'ro Purchase-money for the concession and no promo-
ChThltoney will be paid, and:the expenses will;be strictly
ti::"ted to the actual preliminary disbursements necessary
Q„acquiring the concession and the establishment of the
eal::PatlV • the Credit Foncier of England (Limited) re-
Ifi:ing their profit entirely from the B Deferred Shares.
Bthe A Preference Shares aro intended to be paid up
pv,: t 1", as before mentioned, no further liability after such
r,enentg will exist, and power will be taken to ineorpo-
al,: the Company according to Belgium law, as a societe
bea-,?Ytne, with a view to having the shares issuable to
Eer.
v' •
t 7 information can be learnt by applying to the
chore, both as to the concession, plans, Articles and
th-ealerandum of Association, drc.; and it is the wish of
Directors applicants should inform themselves on any
point they desire information.
I:iflPPltcations for shares may be made in the annexed
_ta, 'which must be accompanied by the payment of £2
,otir share deposit, without which no application will be
thaBidOred. Should a less number of shares be allotted
are applied for the deposit will, so far as required, bo
ape are
towards the payment due on allotment. should

FORM OF APPLICATION FOR SHARES.

No.----

To be retained by the Bankers.

To the Directors of the Belgian Public Works Company
(Limited).
Gentlemen—having paid to your Bankers, Messrs. Smith,
Payne, and Smiths, the sum of £ , being a deposit
of £2 per Share on A Preference Shares in the
above Company, I hereby request that you will allot me that
number, and I agree to accept such Shares, or any less
number you may to me on the terms of thei Prospec-
tus, and I agree to pay the deposit on allotment, and to
sign 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
Protession
Date December, 1866

THE BELGIAN PUBLIC WORKS COMPANY.
(Limited).
EXTRACTS from MINUTES of the METROPOLITAN
BOARD of WORKS, .of 18th MAY, 180, and RE-
FERRED to in PROSPtOTUS.
52. The Clerk laid befol4 the Board the following com-
munication

May 14, 1866.
Sir,—l am directed by Secretary Sir George Grey to
transmit to you, for the information of the Metropolitan
Board of Works, a copy of a despatch from her M►jesty's
Minister at Brussels, respecting seine important improve-
ments which are about to be made in that city, and which
have been Contracted for on the part of the English Credit
Fonder and Mobilier Company.
I am, acc.,
(Signed) 11. WADDINGTON.
The Chairman of the Metropolitan Board of Works.
(Enclosure.)
Brussels, May 4th, 1866.

_
My Lord,—A great public work in Brussels of remark-
able extent and proportions has just been contracted for on
the part of the English Credit Foncior and Mobilier Com-
pany. The object is to arch over the river Senne, which
runs through the lower part of the city, and is in fact an
immense open drain, receiving the greater part of the
sewage of the town, which is, at present, most dangerous
to health, and often the cause of destruct►ve epidemics.
The plan combines lateral drains to intercept the sewage,
reservoirs outside of the town for deodorising and collect-
ing for manure, and works to prevent inundations. Au
extensive Boulevard is to be run over the vaulted course of
the Senne quite through the town. The houses on each
side, which are now of the most inferior class, aro to bo
pulled down, new ones of a superior character, on a widened
way, are to be erected all along the new Boulevard, with
great, facilities for lateral access to it on either side. A
building, which is to unite Halls for an Exchange and Gal-
leries for artistic exhibitions, is also to be constructed.
The estimated cost of these works is 26 millions of francs.
The amount is contributed by the town of Brussels, by the
province of Brabant, and by the State, in the following
proportions -the Town, 16 millions ; the Province, 3 mil-
lions ; the Government, 7 millions.
I enclose herewith a copy of the Report presented to the
Chamber of R. R., on the part of the Central Section, which
explains fully the nature and importance of this projected
transformation in the lower part of Brussels.
As an engineering work, the plan is one of the highest
interest, from its extent and projected effects as combining
ornamentation and facilities of intercourse throughout the
whole of the lower quarter, with incalculable benefits in
point of healthy action on at least half of the population of
Brussels.--I have, &c.,
(Signed) HOWARD DE WALDEN & SEAFORD.
The Earl of Clarendon.

CI_REAT WESTERN RAILWAY._
"01 CHRISTMAS "L./LID/U. ARRANGEMENT&

Ordinary RETURN TICKETS issued at any station on
the Great Western Railway on FRIDAY. Dec. 21, and fol.
lowing days, will be available until SATURDAY, Dec. 29
inclusive.

On CH itISTIHAS DAY the Trains will run as on Sundays.
Ihe CHEAP RE ruttN TICKE rs to Windsor. Wey-
mouth, and certain other Stations, issued on Saturday and
suuday. Dec. 22 and 23, will be available until Wednesday,
Dec. 26 inclusive.
Third-class Return Tickets Hill be issued from London
(Paddingtpn, Victoria, Baiterrea, Chelsea, West lirompton,
and Kensington Stations) to Plymouth, Exeter, Yeovil,
Weymouth, and Dorchester, and vice versa, on Friday. Dec.
21. and following days, available for Return up to and in-
cluding Saturday, De-.Y. 29.
Third-c'ase Return Tie,ceta to E ;e'er and Plymou'h will
be issued at Paddin2ton by the P.lO p.m. train oa Friday,
Saturday, and Monday, the 2ht. VA, an i ,4.11. of December.
For fattier particulars see hand-bills, which can be ob-
tained at the Company's Offices and Stations.

J. GRIERSON, General Manager.
Paddington, Del. 12.

THE GUARDIAN FIRE AND LIFE
ASSURANCE COMPANY.

V.stablislied 1821.
No. 11, Lombard-street, London, E.C.
REDUCTION OF FIRE INSUI;ANCE DUTY.
Suh-eribed Capital. Two Ik1;111on..
Total Inve-tt d Fund+ u ward. of 42 7.5(,000.
Total Income upwards of £32.1,h00.

NOTICE IS ITERFTIY ,41Vv:N, that FIRE PnI.IrTF,
which expire at CHIII,TMAS must be I:ENEWED
within Fifteen Days at this Offic or with the Corn;,any's
Agents .1 hroughout the Kinpdora,otherwise they become void.
All In,surances now have the benefit of the Reduced Duty
of ls. Od. per cent. _ _ _

F r PrOsp,dus and other inlorrrati, n apply to the Com-
pany's Agents, or to

T. TALLEUACII, Secretary.

A.D. 1720.
ROYAL EXCHANGE ASSURANCE
colt PORATION
(Established by Charter of his Majesty George the First',
_ FOR SEA, FIRE, LIFE, AND ANNUITIES.
Offices, Royal Exchange, London.
Branch Office, 29, Pall-mall, S.W.
OCTAVIUS WIGRAM, Esq., Governor.
JAMES STEWART HODGSON, Esq., Sub-Governor.
CHARLES JOHN .FANNING, Esq., Dtpllty-GOverllol'.
DIRECTORS.

Wm. Tetlow Hibbert, Esq.'
Wilmot Holland, Esq.
Neyl;e Lubbock, Esq.
Geo. F. Malcolmson, Esq.
Henry Nelson, Esq.
Lord Josceline W. Percy.
Charles Robinson, Esq.
Samuel Leo Schuster, Esq.
Eric Carrine ton Smith, Esq.
Joseph Somes, Esq.
William Wallace, Esq.
Chas. Baring Young, Esq.
rEL SOLLY, Esq., F.R.S.
en Days allowed for Payment
due at CHRISTMAS will ex-

Robert Barclay. Esq.
John Garratt Cattle', Esq.
Mark Currie Close, Esq.
Ed ward James Daniell, Esq.
William Davidson, Esq.
Thomas Dent, Esq,
Alexander Druce, Esq.
Fredk. Jos. Edlmann, Esq.
Charles H. Goschen, Esq.
RiversdaleW. Grenfell, Esq.
Francis Alex. Hamilton. Esq.
Robc. Amadeus Heath, Esq.
Medical Referee, SAM,
NOTICE. The usual Fitt
of FIRE PREMIUMS fallin
pire on the 9th of January.
FIRE and LIFE ASSURANCES may be effected on ad-
vantageous terms.

The Duty on Fire Assurances has been reduced to the uni-
form rate of Is. Bd. per cent. per annum.
No charge is made by this Corporation for Fire Policy or
Stamp, however small the assurance may be.
FARMING-STOCK.—No extra charge is made for the use
of Steam Thrashing Machines.

The Reversionary Bonus on British LIFE POLICIES has
averaged nearly 2 per cent. per annum on the sum assured.
Equivalent reductions have been made in the Premiums
payable by persons who preferred that form of Bonus.
The divisions of Profit take place every Five years.
Any sum not exceeding £15,000 may be insured on one
We.
This Corporation affords to the Assured—
Liberal participation in Profits—with the guarantee of
a large invested Capital Stock, and exemption, under
Royal Charter, from the liabilities of partnership.
The advantages of modern practice,—with the security
of an Office whose resources have been tested by the ex-
perience of nearly a CENTURY AND A ITALY.
ROYAL EXCHANGE, LONDON.
ROBT. P. STEELE, Secretary.

MYERS'S WATERPROOF . TRAVELLING
DRESS BASKET and PORTMANTEAU Mann-

factory,

CAVENDISH HOITSF,
Wigmore-street, Cav_endisb-sqyare. corner of 3larylebone-

lane, London, W.

FAU-DE-VlE.—This Pure PALE BRANDY,
18s. per gallon, is ry superior to recent importations
of Cognac, recommended by the medical profession, and ex-
tensively used In hospitals. In bottles, 318. per dozen, or in
a case 39a., railway carriage pal I.—HENRY BRETT and
CO., Old Furnival's Distillery, Holborn, E.O , and 30, Regent-
street, S.W. Established 1829.

GEOLOG Y.-ELEMENTARY COLLEC-
TIONS, to illustrate the New Edition of "Lyell's
Elements of Geology" and facilitat' the important study of
Mineralogy and Geology, can be had at 2,5, 10, 20, 50 to 500
guineas; also single Specimens of Minerals, RO3ItS, Fossils,
and Resent Shells, Geological daps. Hammers, alt the recent
Pub'ioations, .to., of J. TENNANT, Mineralogist to Her
Majt sty, 149, Strand, London.
Private Instruction is given in Mineralogy and Geology by
Mr. TENNANT. F.G.S., 149. Strand, W.C.

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Y YOUR MOTTO?

Send 3s. 6d. to CULLETON'S Heraldic Office for a
Plain Sketch, or Gs. for a Coloured one. The Arms of
man and wife blended together in proper heraldic form.
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