The Sun.
London, England, 1844-05-28 00:00:00

SOUSIISSIONAIRES OA DEMANDANTS OF THE LEASE.
MM. ALPHONSE LAURENT, Banker, Blois;
ANTOINE LUZ ARCHE, Chateau de Clavieres and Berry;
WILLIAM MACKENZIE, of Liverpool and Paris.
STANDING COUNSEL.
M. de Haut, Avocat of the Cour Royale, Chevalier of the Legion
or 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-
tinguished Members of both branches of the Legislature, locally
connected with the districts traversed by this Line, when the law
shall have been voted by the Chambers.)

DIRECTORS IN ENGLAND.
Sir WILLIAM PLUNKET DE BATHE, Barthe, London;
THOMAS HOULDSWORTH, Esq., M.P., Manchester;
WILLIAM GLADSTONE, Esq., London;

ROBERT WILLIAM KENNARD, Esq., London •
MOSLET, Esq., Banker, Liverprol;
RICHARD PATERSON, Esq., London.

SOLICITOR IN LONDON.
A. E. Vanheythuysen, Esq., John street, Bedford-row.
BANKERS.

Messrs. Denison, Heywood, Kennarda, and Co., London;
The Union Bank of London ;
Messrs. J. Barned and Co., Liverpool;
The Bank of Liverpool;
Messrs. Cunliffes, Brookes, and Co., Manchester.

CONSTITUTION AND OBJECT OF THIS COMPANY.
This Company is founded on the law of the 11th of June, 1842,
which provides for the carrying out of an extensive system of
Main Trunk Lines of Railway in France, by the joint contribu-
tions of the public treasury and private enterprise, and for granting
a Lease of the Railway to a Company, upon terms to be agreed upon.
Among the Railways comprised in this law is the great Line
from Paris to the Spanish frontier, by Orleans, Tours, Poitiers,
Angouleme, and Bourdeaux, to Bayonne.
The first section, from Paris to Orleans, has already been con.
ceded to a Company, who constructed it wholly with their own
capital. It was opened to the public in May, 1843.
The original purpose of the present Company was to obtain the
Lease of the second section comprised between Orleans and Tours;
but having obtained a larger amount of capital than would be
required for that object, and encouraged by the terms offered by
the Minister of Public Works, the present proposal of the Com-
pany embraces the whole distance from Orleans to Bordeaux, 295
miles, passing by the populous cities and towns of Blois, Amboise,
Tours, Chatelleroult, Poitiers, Angouleme, and Libourne, to
Bordeaux.

The works to be executed, at the cost of the State, on the por..
tion between Orleans and Tours, are already so far advanced, that,
in the hands of this Company, that important extension of the
Paris and Orleans Railway could be opened to the public in the
summer of 1845, with an expenditure of not more than 51. per
share on the whole capital.
The Company is reconstituted for this purpose. The Statutes
of the Paris and Rouen and the Rouen and Havre Companies have
been adopted, so far as they are applicable to this Company.
. _

- -
The French portion of the Capital, 35,000,000 francs, is all
subscribed, and the Deposit paid, in Paris and in the provinces.
Of the 30,000,000 francs reserved for England (1,200,0000, a
considerable portion is engaged by the Shareholders in the Orleans
and Tours Line of last year, who paid their deposits.
The Board of Directors will consist of eight French and eight
English, two of the latter resident in France, as the representatives
and guardians of the English intereots in the administration of the
affairs of the Company.
There will be an Office in London for the registration and
transfer of Shares, for which every facility will be afforded, imme.
diately after the Company shall have obtained the authority of a
Royal Ordonnance. Weekly reports will be transmitted to the
English Directors for the information of the Shareholders.
The Staff of the Company will be composed of the most efficient
persons whose services can be obtained at the head of every de.
partment requiring practical experience in the details of Railway
managemen°.