14 JANUARY 1865, Page 3

A company has been formed, supported by the Credit Foucier

of England, called the City of Milan Improvements Company, with a mixed English and Italian directory, and a capital of 600,000/. They have acquired seven acres of land in the centre of Milan at prices which, according to the prospectus, leave them an immediate profit of 400,000/., a profit conceded to them apparently in order that they may find the necessary capital for rebuilding one-quarter of the city of Milan. They calculate they can do this upon terms, which will leave them some 15 per cent. upon their capital.