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

W. 23,000.

Directors to continue the payment of the interest at 10 per
cent. per annum, but enable them to declare periodical
bonuses on the capital called lip.
As to the Catalan property, having regard to its impor-
tant position, the command it has of the seaboard, the faci-
lities it presents for construction of the new port, and its
general adaptability for the formation of streets, shops, and
private villas, a large and remunerative return may also be
anticipated.
ESTIMATED PROFIT ON CATALAN PROPERTY.

On referouce to Mr. Borde's Report, it will bo seen that
when the various improvements which have been sug-
gested have been completed, and the Catalan property
fully developed, it is estimated to yield a gross profit of
upwards of cent. per cent., and this within a period of
three years, although the estimates have been based on the'
more extended period of five years, and that when the Fort
St. Nicholas is removed, and the new port completed, this'
profit will, be trebled.
MINIMUM INTEREST, TEN PER CENT.

As the first payments of annuities and rent under the
arrangements entered into with regard to the Joliette pro-
perty do not commence until the Ist October, 1867, and
become payable only in tho subsequent half-year, viz.,
the Ist April, 1868, the Directors have decided to pay in-
terest at the rate of 10 per cent. per annum for two years,
from March, 1866, on the capital called up, and for which
four interest warrants will be attached to the share certifi-
cates at the time of issue (which will be charged to land
purchases account). After that date the revenue from the
Joliette lands, the rentals from the other properties, and
profits on further sales, will be applicable for dividend or
bonuses.
PAYMENT OF SHARES IN FULL ALLOWED.
As some Shareholders may prefer to pay up the shares
in full rather than have a larger number subject to calls,
application may be made for shares to be fully paid up on
allotment. Four half-yearly interest warrants, at the rate
of 10 per cent. per annum; ;,rill likewise bo attached to
these share certificates. In the allotment of shares prefe-
rence will be given to these applications, but the number
so allotted will not exceed 30,000 shares, and the Directors
reserve to themselves the right in their discretion only to
allot 60,000 shares in all on the present allotment.
A portion of the shares will be allotted to applicants who
are Shareholders in
The Credit Foncier and Mobilier of England (Limited),
The Agra and Masterman's Bank (Limited),
The National Bank,
The National Bank of Liverpool (Limited),
To applicants from Marseilles and Paris,
and the balance to the other portion of the general public.
Applications for shares may be made in the annexed
form, which must be accompanied by the payment of £1
per share deposit, without which no application will be
considered. Should a less number of shares be allotted
than are supplied for the deposit will, so far as required,
be applied towards the payment due on allotment. Should
no allotment be made, the amount paid will be at once re-
turned without deduction.
Copies of the Architect's and Engineer's Reports on the
lands purchased, and a map, showing their position, ac-
company the Prospectud, which, with Forms of Applica-
tion for Shares, may be had of the Brokers and Solicitors ;
also of the Agra and Masterman's Bank (Limited), 35,
Nicholas-lane; of the National Bank, Old Broad-street,
London, and their Branches; the National Bank of Liver-
pool, Liverpool ; and of the Secretary, at the Offices of the
Credit Foncier and Mobilier of England (Limited), Nos.
17 and 18, Cornhill.