The Sun.
London, England, 1844-05-17 00:00:00

ROYAL ACABEMY OP ARTS, TRAPA
SQ.
The ?AMBITION of theOAR. ROYALUARE ACADEMY is now OPEN.
Adlultliou (from Eight o Clock till Seven) One Shilling. Catalogue
One Shilling .
•
It EN itY HOWARD, R.A., Sec.

O [LEANS, TOURS, AND BORDEAUX
RAILWAY.
r4Pital 85,068,000 of Francs, in 130,000 Shares, of 500 Francs
each (2,600,0001., in Shares of 201.),
W Which 70,000 are subscribed in France, and the Deposit paid ;
- the remaining 60,000 to be subscribed in England.
- • Deposit—One Pound per Share,
Te provide the usual Caution-money, or Deposit. required by the
French Government, and which will be returned, without any. de-
thiction whatsoever, but without interest, upon the production of
the Banker's receipt, if this Company shall not become the Lessees
of the Railway, pursuant to a Law of the present Session of the
french Chambers.
, SOUMISGIONAIRES OR DENANDANTS OF THE LEASE.
.104. ALPHONSE LAURENT, Banker, Blois;
ANTOINE LUZARCHE, Chateau de Clavieres and Berry;
WILLI A3I MACKENZIE, of Liverpool and Paris.
STANDING COUNSEL.
°I
11.. de Haut, Avocet of the Cour Royale, Chevalier of the Legion
• ,tHonour, late Chef de Cabinet to the Minister, and now
andioil Counsel for the Department of Public Works.
pote Directors in France will comprise some of the most dis-
wllluishe4 Members of both branches of the Legislature, locally
shall
with the districts traversed by this Line, when the law
cull have been voted by the Chambers.)
• mitizereas IN ENGLAND.
81C WILLIAM PLUNKET DE BATHE, Barthe, London;
THOMAS HOULDSWORTH, Esq., 31. P., Manchester;
WILLIAM GLADSTONE, Esq., London;
ouERT WILLIAM KENNARD, Esq., London;
L„,t IN MOSLEY, Esq.; Banker, Liverprol ;
otICH&RD pATERsoN, Esq., London.
It. E. SOLICITOR IN LONDON.
NM., John-street, Bedford-row.
BANKERS.
IMemos. Denison, Heywood, Ken.nards, and Co., London;
'he Union Bank of London;
The
Banned and Co., Liverpool ;
Bka of 'Liverpool;
Messrs. Cunllffes, Brookes, and Co., Manchester.
Z'h°I;STII•
-UTION AND OBJECT OF THIS COMPANY.
Which "°Pany Is founded on the law of the 11th of June, 1842,
Mato .11° visies for the carrying out of an extensive system of
rtuME LI
:les of Th. nes of Railway in France, by the joint contribu.
" Leese -l'ublic treasury and private enterprise, and for granting
• moon t the Away
h. to a Company, upon terms to be agreed upon.
ND, Parlits-i0 s lsrays comprised in this law is the great Line
"teltsuiezuo the Spanish frontier, by Orleans, Tours, Poitiers,
The firsts BOurdeaux, to Bayonne.
624e4 to section, from Paris to Orleans, has already been con.
sepirel. Conipany, who constructed it wholly with their own
It was
pi.„„ Ginned to the public in May, 1843.
441111:4')" Purpose of, the present Company was to obtain the
the second section comprised between Orleans and Tours;
reitth.74 obtained a larger amount of capital than would be
t}tfor that object, and encouraged by the term offered by
ZI: Minister of Public Works, the present proposal of the Com-
elolbraces the whole distance from Orleans to Bordeaux,
i 295
*Z.! passing by the populous cities towns of Blois, Anibo steo,
)L. ". Chatelieroult, Poitiers Angouleme, and Libourne,
•
tioT4'l.! Works to be execuied, at the cost of the State, on the por.
between Orleans and Tours, are already so far advanced, that,
p „,"'the bends of this Company, that important extension of the
s:Th
3 and Orleans Railway could be opened to the public in the
ab-ta" °f 1845, with an expenditure of not more than Si. per
Ire on the whole capital.
orThhe Company is reconstituted for this purpose. The Statutes
bee e Paris and Rouen and the Rouen and Havre Companies have
44°Pted, so far as they are applicable to this Company.
it;b-ue French portion of the Capital, 35,000,000 francs, is all
°Tibet% and the Deposit paid, in Paris and in the provinces.
tilt 30 000 000 f ncs reserved for England (1,200,0001.), a
equiz,
‘.erable portion is engaged by the Shareholders in the Orleans
" 'tours Line of last year, who paid their deposits.
lbel3card of Directors will consist of eight French and eight
• gr:
au: al.rt td
i4tat,
o.n:of the latter resident in France, as the representatives
CoofmthpaenE,uglish interets in the administration of the
There will be an Office in London for the registration and
dini.n.'rer of Shares, for which every facility will be afforded, imme.
R(7,11' after the Company shall have obtained the authority of a
4'41 Ordonnance. Weekly reports will be transmitted to the
2lnah Directors for the information of the Shareholders.
11e Staff of the Company will be composed of the most efficient
7,ons whose setvicescan be obtained at the head of every de-
P*rtrn
g ent
emen requiring practical experience in the details of Railway
teaOa.

trhel;p'9lS AND CON_ DITIONS OF THE LEASE.
in the intster of Public Works has demanded of the Chambers,
teer a -I)._re,ent Session, a vote of :)4,000,000 of franca, to be spread
,pertod of six years, for the construction of the works be-
hai " lours and Bordeaux. Of this sum 4,000,000 of francs will
,-,,,aPPlicable to the service of the present year, 1544, and
.919100,000 fur that of 1845.
tsrrni,e_Pro.let de Loi, or Bill, for this purpose, and for defining tho
'sifted
conditions of the Lease to be granted.- has been sub.
hefocv(l for the approval of the Chamber of Deputies, and is now
Ith_.e../ Commission, namely, in that stage which is termed In the
Parliament, " in Committee on the Bill.''
-st,bre "awing are the principal conditions proposed by the Mi
at..., a" embodied in this Bill. The obligations of the State
.oted b,
wa to h -"lle Late of 11 th June, 184 e and there is good rea-
Let, °Pt that the conditions to be required of the Company, in
anon, n Will not be materially, if at all, modified by the Commis-
-, or in •
ti:_ tne subsequent discussion in the Charnoers
ens t inis ter of Public Works, irt the name of the State, en.
eat,-tite pal for the land, and compensation to landowners ; to
-s th
tion, e earthwork, masonry, stations, workshops, pc.lice
~Line buildings of every description ;in short, to make the
It rns;'d,lts dependencies, up to formation level, be the cost what
for tw to Maintain the earthwork .for one year, the masonry
Co, Years and the buildings for five years, after delivery to the
The c
Nees wa cnneany have only to provide, lay, and ballast the perma-
rYlngsroY! fence otf thc Railway, supply the locomotive and car.
their work the Line, and maintain it during the term of
A ',al"' To these alone their liability extends.
tntire for a term of years sutlloient to liquidate the Company's
jaPoyektiil. bY the operation of a sinking fund of one per cent.,
x;asethoeutidedr. interest. if so improved, at four per cent.,
4' Years and 16 days; If at three per cent., it
the
e Gover The latter has been pro.
el 1 tir:i'idel:dronbPe"Anid
46 Years and 324 days.
th b 7 the Minister. The term commences from the delivery,
n
rtlent
1 entire Lin
en to Bordeaux.
to the Company, of the whole of the works on
Aide entire Line is to be delivered to the Company in work.
.fteh
'1 are between
first class stations, and two years after
'.llfiblie. 1
allowed to the Company for the opening to the
the 1;66
.74,Pa ,f—se Is to participate equally in the nett profits of the
after ten t to the Shareholders upon the
..
capital
fund
"61
Per
eel'
• • and one per cent. sinking
namely nine per cent, dividend
-ehe
n-
s arise Of the State so to participate in the nett profits does
eto,ith— until after the first five years of the opening of the Line
°:to Bordeaux.
it
-r,"l This
°Treer:.4 ilive to the Coan abut twelve years of undivided
""Xtra of the nett profitmsp ofy theo section between Orleans and
The
its depe•-mn,,,,,
4"""Y are required to surrender the permanent way and
8V • , but at the expiration of the term, without compensa-
-1 eriat are to
„ be Paid the actual value of their carrying stock,
,414 e e
es,„ and stores,
three months after the either by the Government or the new
Withiredin term of their Lease shall
rr.."e torieh fr
or rate of charge, for the transports of passengers and
to be the same as on the Paris and Orleans Bahl
`,.Xtrs,xp''a small teldition fur third-class passengers, to inert
bith thi"e or covered-in carriages, with curtains at the sides,
r, (2(4-nPany will be bound to provide.

`'•1•8 AND OBLIGATIONS OF SHAREHOLDERS..any.)
Et!
(Extracts trom the Statutes of the Company.)
Stock Share represents a proportional part of theP
whole Capital
he°l! the Company, and will be issued at p
the amount of the
. 44,4
i. /ability of Shareholders is limited
thin France, being pre.
the, "Icl by them—a " Societe anonyme" •
.. _ Company in
14. the same in this r(spect, as the Railway .4411°,10 au.thorised by Act of Parliament.
101 y t.,, 1.,/litY of the original Subscriuersotfotthhee
amountCompan yoefxttehnedirs
suustri..tii(ltiree.tenths, or 61. per share,
viitho,:t ronsi That amount paid u.lpt, th.efshthareesornriagyttibeel transferred
teaktt . riction, and the liabi i y
Th.
eeht:ftennt of each Share shall be Pay
the re-
abl.e as foil sws :—One-
the eleth NI allotment ; one.twentieth within two months after
finderession of the Lease shall have been obta.tiene,
but
at in.
terrm bY tenth., as the Directors may see reeqaueibsi
vett
t:ealls bear ca'll, until the
ole 2°,,f h°t less than four months between 1,40 "1.1411 have been paid up.
• b
4 01.14 the Royal Ordonnance
interest, after the rate of 4p
Icent. per annum,
heth,,tt, &Mount called up, to date from theer
the Line betwuen Orleans an
%,,hts..,e ieetio(t-:loM.fpany, and payable half.year y, udnit,ioluthrse,oapfetner.
Ott the Shareholders will be entitled to share, pro rata, in the
n Thet° "hiltehares , divided half yearly.
o,
0t Nrc will be in the names of the proprietor by subscrip.
Met hw.
they r, shall
biCh the bearerthe w
sh behole em deed amount
be epr o p
until
all to h
the
e becintept.arid,
au.pd,
east 6.
The ,_hi/ 0111 hand to hand like Exchequer bills.
Itiltla .i°
- rla ekion of one or more Shares carries with it all the
. ' gallons of the or igin al Shareholder.
Pki,ll4,llLE VALUE AS AN INVESTMENT FOR
CAPITAL.
NM. --*/ be 1 • rule, that any
hh.-... for aid down, as a general
Every
than good.
h°orehohrtle Of its termini cannot be otherwise
readily see that the least
'Preduct,er In the English Railway( will
.. Railway having
the upper
d for completing
t°lllo,4o'.eotrei angst them would be se, if the dividends were to ba
INN f Y upon the capital required In all, Leneinit. and stocking the Line. This is precisely the case
. ' The7.e Prench Railways now before the Chambers.
the 0
pen.
let vtil'eettlt of one year's experience (May, 1844) a . I.liith ii treamPr* and Rouen, and the Paris and Orleans L.isnees.,naerilud:
ve
%/de.. t °
she as yet but partialeveloped, on
• r . great value of thely Frednch Railways, as aneither: inivestment,
The• end ecoaomical management.
tiehryareeets on the Paris and Rouen Line, uPGn A length' Of
ere,
ill kin", elmes, for the month ending April 30th, 1844.17
isiN„"/rene
per
Y, 19,0844, or at the rate of 258,662 3
Ileh, '' The dividend actually paid from the 9th May to 0
ai,..°lober last-nut, (145 days) was after the rate of eight per cent. per
. 4
awe2a,theLC,Wia;e7c:
tabes.inking fund. The present market price of
eiph,lPts on the Paris and Orleans Railway, upon a length
e 4 n- 'Y-tvro miles, for the month ending April 30th, 1840, were
~.511
clier, L "I. 24., or at the rate of 312,797/. 13s. 2(1. per annum.be
1144,44
for apital of 50,000,000 of francs (2,000,0001.)
3tBol.
It kit • The present market price of a 201. Share is
Cm-
. Note
'the
be borne in mind that, in the case of both these
Mere Whole coat of the land, works, buildings, and of aco m.
14 the.arr7ing establishmnt, was defrayed out of their own capital,
, hut
One eke of the Orleans, Tours, and Bordeaux Company, at
• _Met D.,-,halt. perhaps three.fifths of the whole cost of the cool.
tray.,l—`, 'waY, in the most efficient working condition, will be dc.
....-'OuY the State! e. 14101 diNrence between the capital of the Paris and Orleans
oild Itanr (9,00,0004) and that required for the Orleans, Tours,
.„,.. _ ordeaux ,„
-I.; /Let? eonsiderilabwaj(2 GOO 0001.) which is amply sufficient, is
, While the latter is nearly four times the
fenitti; °t the former, and traverses some of the richest, most
kid ~'
.k°4 !Ong populous regions of Western, South-Western,
2,-cLt herti Frnce.
NA f. 23 e
tW 4°POrtance of this Railway may be inferred from the fact
.010. d With it
heedeentY-five
departments traversed by, or collaterally con.
' comprise an aggregate population of 9,318,000
1,7114.,,an cOntains 293 cities and towns, with a population nf
earioh"S Persons. to whom the advantages of railway optimum.
i .11.111 be thus afforded.
teht; 4d slam possess the most complete body of statistics ex-
ihum...7"gng to the traffic of every description. The details are
tielicor
._O/414n official documents, obtained from the Government
trairrt.4 rade Mid the local authorities in the provinces, tiadfl the
file h.
,°, a Royal Ord.-I:mance. The Tables are complied upon
.400,;111 Punned by Mr. Robert Stephenson, in his able Report
e thle from Paris to the Belgian frontier. They exhibit
the
et
terhainearged°?iy)
`ll47,_.4teuabel put ed at rates uuder the Tariff' autho.
1 Ilhareholders They Will be communicated in 414 time to
4/4eatio .
0.,401.,
,dons for the remaining Shares, and only is the printed fora}
litiittv! Oktbe
..0462461,afaif be made to Mr:W. P. Needham, at the Temporary
Coespany, 27, Austin.friars, London, of whom, and
*knit I°9onrs Rashers in the country, Prospectuses and the
n Application for Skates May be oblaineel.
'l9;
1014 May, 1844,