The Sun.
London, England, 1844-05-11 00:00:00

0 RLEAN 6, TOUR, AND BORDEAUX
RAILWAY.
CaPital 85,000,000 of Francs, in 130,000 Shares of 500 Francs
r•ich ,600,0001. Shares f ,
of which 70,000 are (2
subscribed, inin France,o and2o&) the Deposit paid
the remaining 60,000 to be subscribed in England.
Deposit—One round per Shute,
To provide the usual Caution.money, or Deposit, required by the
Prench Government, and which will be returned, without any de-
!l.UctiOn whatsoever, but without interest, upon the production of
Me Banker's receipt, if this Company shall not become the Lessees
W. the Railway, Preneh Chambers pursuant to a Law of the present Session of the

lOUSIASIONAIRES OR DEIIANDANTS OP TUE LEWIS.
-`..• ALPHONSE LAURENT,- Banker, Blois ;
ANTOINE I.UZARCHE, Chateau de Clavieres and Beni,
WILLIAM MACKENZIE,.of Liverpool and Paris.
Y• de Haut STANDING COUNSEL.
Avoc at of the Cour Royale, Chevalier of the Legion
01 Honour, late Chef de Cabinet to the Minister, and now
Standing Counsel for the Department of Public Works.
(The Directors in France will comprise some of the most dis-
tin •
Innnetted
ed Members "of both branches of the Legislature, locally
with the districts traversed by this Line, when the law
'An have been voted by the Chambers.)
DIRECTORS IN ENGLAND. •
TSir WILLIAM PLUNKET DE BATHE, Barthe, London;
HOMAS HOULDSWORTH, Esq., M.P., Manchester;
LIAM GLADSTONE, Esq., London ;
_ROBERT WILLIAM KENNA RD, Esq., London;
LEWIN MOSLEY, Esq., Banker," Liverprol ;
RICH ARD PATERSON, Esq.,, London.

e
R. anhythuSyosZlTOß IN LoNbox.
Esq , John-sireet, Bedford.row.
sNeees. •
~..Messrs. Denison, Hey iswood, Kennards, and Co., London;
Ane Union Bank of London ;
Messrs. J. Barned and Co., Liverpool ;
The Bank of Liverpool;
Messrs. Cunliffes, Brookes, and Co., Manchester.
CON
Thi.STITUTION AND OBJECT OF THIS COMPANY.
by is founded on the law of the 11th of June, 1842,
14411;..frovtaes for the carrying out of an extensive system of
tie% _ nu* Lines of Railway in France, by the joint contribu.
, uef the,public treasury and private enterprise, and for granting
4".°s of the Railway to a Company, upon terms to be agreed upon.
*or rei..tbe Railways comprised in this law is the great Line
Ange„,ar" to the Spanish frontier, by Orleans, Tours, Poitiers,
Ti;eres and Bourdeaux to Bayonne.
ceded tor" Section, from Paris to Orl neas, t
wholly wdi has alreathy been con.
'aPifal. a emutPanY, who constructed i their own
1,11. It-was opened to the public in May, 1843.
1414414 ?pose of the presient Company was to obtain the
an conwrised'Oetween Orleans and Tours;
pithaegneytillelriee nister:4ll4l4N'yl4ll4l"*eant-ilonrifs,ene. thc:lrpageeir.es7na*lbyprtotait''stalnis:44olFFle Cedllforn": rniies mbracestbewhole distance from Orleans to Bourdeaux, 295
by the populous cities and towns of Blois, Amboise,
o„_
uvbatelleroult, Poitiers, Angouleme, and Libourne, to
"44 X,
The
flogtw rxS to be executed, at the cost of the State, on the pot..
n th
eet's- Orleans and Tours are already so far advanced, that,
k
Parise hands of this Company, that important extension of the
suromeand Orleans Railway could be opened to the public in the
sha .or 1845, with an expenditure of not more than 5/. per
.I,ehki the whole capital.
t: is reconstiuted for this pse. The tatutes
Parabeenh-J and Rouen andt the Rouen and Havre Companies have
Thm°Pted, so far as they are applicable to this Company.
lobterelk_Frakeh portion of the Capital, 35,000,000 francs, is all
oi7k is and the Deposit paid, in Paris and in the provinces.
eqesid`ue 30,000,000 francs reserved for England (1,200,0001.), a
And ,erable Portion is engaged by the Shareholders in the Orleans
To able
Line of last year, who.paid their deposits.
, e
forkßeard of Directors will consist of eight French and eight
two of the latter resident in France, as the representatives
"dians of the English interests in the administration of the
1,11: of the Company.
treoere will* be an Office in London for the registration and
otilt:myerkfletSthhaeres, for which every facility will be afforded, imme-
Company shall have obtained the authority of a
Th°Kionnance. Weekly reports will be transmitted to the
anDirectors for the information of the Shareholders.
pert:: Staff of the Company will be composed of the most efficient
4P rt,,, s'hote Services can be obtained, at the head of every de.
,4:niententring- practical experience in the details of Railway
Tis TERMS AND CONDITIONS OF THE LEASE.
-.e .
in the Mister of Public Works has demanded of the Chambers,
over Present Session, a vote of 54,000,000 of franc., to be spread
to" Period of six years, for the construction of the works be.
be an T." 11 and Bordeaux. Of this sum 4,000,000 of francs will
10,,,?Pheabie to the service of the present year, 1844, and
,gO,OOO for that of 1845.
terra:Net de Lol, or Bill, for this purpose, and for defining tho
bera•tiedand conditions of the Lease to be granted, has been sub-
fore for thed
hambereofrDeputies, approval of the Chamber of Deputies, and is now
Engltaa Conimission, namely, in that stage which is termed in the
The follol►ament, "in Committee on the
niaterare the principal conditions proposed by the Mi-
ke a ping
embodied in this Bill. The obligations of the State
"zed b
toe to the Law of 11th June, 1842; and there is good rea.
Nap., "°?e that the conditions to be required of the Company,
.in
tiotl:uot.s er.:llhnot be materially, if at all, modified by the Commis.
Th. e subsequent discussion. in the Chamfers
late;;:linister of Public Works, in the name of the State, en.
**(tot • PaY for the land, and compensation to landowners; to
tion, e earthwork, masonry, statio, workshops, police sta.
Line' andthe buildings of every description ;rain short, to make the
it 14.5nd.its dependencies, up to formation level, be the cost what
for "43 to Maintain the earthwork for one year, the masonry
Cott, Years. and the buildings for five years, after delivery to the
The Y.
„
4
4ent 'lPany have only to provide, lay, and belles! the pdermcaar:
rtoge 1, fence off the Railway, supply the locomotive an
their meks work the Line, and maintain it during the term of
A I,:ase- To these alone their liability extends.
%ere a'e for a term of years sufficient to liquidate the Company's
iroproecn,i4Pitals by the operation of a sinking fund of one per cen.,
the ter: " comPoOnd interest. If so improved, at four per cent.,
lakositeldCextweioludlrtiob4e64l years and 16 days; if at three per cent., it
years and 324 days. The latter has been pro.
Ly th_bY the Minister. The term commences from the delivery,
tb."' 9overoment to the Company, of the whole of the works on
-Tretite Line to Bordeaux.
able tenentire Line is to be delivered to the Company in work.
ante del".."" between first class stations, and two
years after
Aubuc"'ell are allowed to the Company for the opening to the

e,ta - State is to participate equally in the nett profits of the
experuiPan:d, after ten per cent. to the Shareholders upon the capital
kid. I namely nine per cent. dividend and one per cent, sinking
riffht of the State so to participate in the nett profits does
th,,,,""rte-until after the first five years of the opening of the Line
iubS.butl.t._ to. Bordeaux.
.s will give to the Company about twelve years of undivided
2,011 M. ent of the nett profits of the section between Orleans and
u•
lis The Company are required to surrender the permanent way and
ependencies, at the expiration of the term, without compensa-
h.u_.4 ;but
andare is be paid the actual value of their carrying stock,
T4l ia . . .
. 'Lures, either by the Government or the new
'Assets, within three months after the term of their Lease shall
have expired,
The tariff, or rate of charge, for the transports of passengers and
merchandise is to be the same as on the Paris and Orleans Rail.
`ray, with a small addition for third-class passengers, to meet the
I"..TXPense of covered-in carriages, with curtains at the sides,
h this Company will be bound to provide.
RIGHTS AND OBLIGATIONS OF SHAREHOLDERS.
(Extracts from the Statutes of the Company.)
atoclerY Share represents a proportional part of the whole Capital
The liability
the. . Company, and will be issued at par.
Stack abilay of Shareholders is limited to the amount of the
tisti beld ea
them—a " Societe anonyme" in France, being pre •
kip the same, in this respect, as the Railway Company in
.I,:nd, authorised by Act of Parliament.
417 e,liablity of the original Subscribers to the Company extends
sig,e7 three-tenths, or W. per share, of the amount of their
'fhb 41:ticut• That amount paid up, the shares may be transferred
44:1- rutrictinb, and the liability of the original Subscriber
The
Istitm amount of each Share shall be payable as foil tws :—One-
the -ca.metil
_un allotment ; one-twentieth within two months after
btaituit'"inn of the Lease shall have been obtained ; the re-
terekr by tenths, as the Directors may see requisite, but at
*hole ~°f net less than four months between each call, until .
the
T„._‘ol. sha I have been paid up.
th 7 tails bear interest, after the rate of 4 per cent. per annum,
ttet—rthos.b, amount called up, to date from the Royal Ordonnance
OfTrg the Company, and payable half-yearly, until the open-
-11111 "e section of the Line between Orleans and Tours, after
hitt.. e Shareholders will be entitled to share, pro rata, in the
petits, divided half-yearly.
tioe Shares will be in the names of the proprietor by subs
vittcrip-
Pnrchise, until the whole amount shall have been paid up,
they 44 :lhich the bearer shall be deemed to be the proprietor, and
;-. from hand to hand like Exchequer bills.
Possession of one or more Shares carries with it all the
Photud Obligations of the original Shareholder.
4BbligLE VALUE AS AN INVESTMENT FOR
CAPITAL.