The Sun.
London, England, 1845-04-03 00:00:00

The engineering works of the line, from the unusually level nature
of the country, and its passing over a light gravelly soil, are of a very
simple character. There are no tunnels or viaducts, and the country
abounds in all the materials, with the exception of iron, necessary
for the construction of a Railway.
The capital has been set down at 300,0001., and the revenue, as
above stated, after deducting the usual allowance for working ex-
penses, and assuming one-third of the capital to be borrowed, ac-
cording to the ordinary practice of Railway Companies, at the usual
rate of interest, shows a clear return of upwards of eight per cent.
It is proposed, in the first place, to lay down a single line of rails,
with the usual passing places, until the traffic shall be more fully de-
veloped. The bridges are, however, to be built, and the land pur-
chased, for a double line.
Besides the advantages above enumerated, arising from the local
traffic, there are other and important sources of revenue, to which it
is proper to advert. The west. end of the line will connect with the
Caledonian Canal, which originally cost 1,000,000/., and on the im-
provement of which 200,0001. are now in the co .red of being ex-
pended by Government. These improvements, which will be com-
pkted before the railway comes into operation, will greatly increase
the navigation, both of steamers and sailing•vessels, on the Canal,
along which, even at present, wo a miners ply twice a week, while
a large and powerful steamer is to he placed, on the opening of the
Canal, in the direct Liverpool trade, The whole of this extensive
traffic fr,m Glasgow, Liverpool, &c., towards the counties of Banff,
Nairn, and Moray, must necessarily pass along the proposed Railway.
On the other hand, towards the east, the line will be continued by
the contemplated railway from Elgin to Aberdeen—thus connecting
all the towns and manufacturing districts on the west of England and
Scotland, through the Caledonian Canal, with the rich agricultural
country to the east of Elgin, and onwards to the city of Aberdeen,
and other towns on the east coast of Scotland.
Besides constituting an important link in the direct east and west
communication of this part of the kingdom, the present railway must
of necessity form the northern outlet of the contemplated great direct
Central Railway from Perth to Inverness, in continuation of the
Scottish Central. and Caledonian Railways, thus completing the
s'-ortest possible line between England and the southern counties of
Scotland and the north ; and, from its position in this respect, the
Inverness and Elgin Railway will become the channel through which
will flow the whole traffic between the north and south.
The Capital will be divided into 15,000 Shares of 201. each. The
Parliamentary Deposit of five per cent. to be paid upon the shares
being allotted, and the Subscribers to sign the Parliamentary Con-
tract and Subscribers' Agreement when required.
Power will be taken to pay Interest at four per cent. on the amount
of the subscription paid up till the line is opened, and no subscriber
shall be answerable for more than the amount of his subscription.
Application for shares to be made, in the form annexed, to Messrs.
G. and P, Anderson, solicitors, and Mr. Charles Stewart, solicitor,
Inverness, the interim joint secretaries ; to Messrs. Martin and Ross,
37, Castle-street, Edinburgh ; Messrs. Edward M`Callum and Com-
pany, stockbrokers, and Mr. William Clelland, stockbroker, Edin!
burgh; Mr. James Grant, writer, and Mr. George Gatherer, writer,
agents at Elgin ; Mr. William Sclanders, writer, agent at Forres ; Mr.
Adam Davidson, town-clerk, agent at Nairn ; Messrs. Seton and
Reid, sharebrokers, Glasgow ; Mr. J. Oliphant, sharebroker, Perth ;
Messrs. Oswald, George, and Company, t harebrokers, Aberdeen;
Messrs. Scott, Carthorn, and Scott, No. 16, Tluvgmorton-street, Lon-
don ; Mr. J. B. S May, sharebroker, and Messrs Fraser and Tay-
leur, sharebrokers, Liverpool; Mr. Henry Wodehouse, sharebroker,
Manchester; Messrs. Grayston and Earle, sharebrokers, York; and
Mr. Jonathan Drewry, sharebroker, Newcastle.