The Express.
London, England, 1864-04-11 00:00:00

TELEGRAPH CONSTRUCTION anti MAIN-
TILNKNCE COMPANY (Lhnited).
(Uniting the butistre of the Gaut PerchaCompany with that of

Capttal 000.
First issue, 13r50000, in 237,1,400,300 shares of each.
Deposit oa application Lit per share, and on allotment a further

payme;t of CS per share.
DIRIXTORS.
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Henry Yard Barclay, Eaq-. tOutte Perch* Company;.
Thomas Dreamy, Esq.
Alexander Henry Campbell, Rau ()Inlay, Campbell, and Co.)
George Rlllot, Faq. Glass. Mot, and Co.)
Alexander Strutberi Finley. Req., 31 P.
Richard Atwood Glass, Sm. (Glaaa, =lot, and Co.)
Daniel Gooch, Rai., C.E.
Samuel Gurney. Req.. M.P.
John Pender, Req., L.P.
John Smith, Esq. (Smith. Fleming, and Co.:
RAMEBB.S.

The Consolidated Bank (Lindted,, 7, Fenehnrchatreet, London
and Manchester.
Rents. arthurAerwood, Sons, and Co , LlverpooL

.
. .
9OLICIToIut.
Messrs. Mecham. Dalrymple. Drake. and Ward.
Mewl. Baxter, Bose. Norton. and Co.
eitozeits
Mews Seymour and Co., 38, Thogmortonstreet,
Mews. Ceeenose and Co., 12, ThreadneeiUo-stress.
SWAIM= (pro tem. —Mr. William Muter.
Offices—:3. Great George-street, Westminster. •
Works—Wharfroad, City-road, N., and East Greenwich, BE.
This Company bee been formed for the porpoee of making and
maintaining telegraphic his., of comer on, both submarine
and on land, in every part of the world.
The facility of into.. course which telegraphic communication
now-, I. such extensive operation, hits afforded to the public in
its varied ommunkies—political, commercial, and social—bas
rendered that which was, bet a few years ago, regarded merely
as a sclenettle experiment, absolutely necessary for the porpoers
of our social system, and • highly remunerative investment. It
has beam found that, as in the ease of railways (although to a
much greater et tent'jtalcgraphie cableeffiaire uniformlyffieveloped
• constantly Increasing trunk, with this remarkable and speck!
feature, that the more distant the points brought into connexion,
the greater the proportion of business done.
Experience has proved that increasing receipts from the work.
lag of submarthe cable. bring with them only a Dieing propor-
tionate income in the amount of working expensed.
Mews. Class, Elliot, and Company and the Gotta rerche Com-
pany have hitherto together had the principal share in the
re manufactu of submarine telegraphic ea
The former firm, who have undertaken the manufacture,
ituitog down, and maintenance of the cables, have hitherto ob-
ed the inner cores of the cables from the Guts ffereliaCom-
pany, which has, In this breech of its trade. coulli-ed itself
entirely to the production of that part of the cable..
Messrs. Glass Elliot, and Company have during the kW ten
years manufectared and laid down In different parts the
world no ler than 6600 maks of redeem-ins tekgraph s
eable,
whilst the Gotta Perdu, Company have, during • inks period,
manufactured upwards of time miles of insulated wires for sub-
marine telegraph cables now in work.
It ban been ascertained that the manufacture of entire cables
could be more securely and beneficially carried on by nutting in
one establishment the mainfeetuse et the outer sable and wires
and the caseation of the portion of the work heretofore sop*.
rattly executed by the Gotta Perdu Company, and with this
view contracts have been entered Into tor the purehare of the
entire machinery, premiess, plant patents sleek, good-will, dc.,
of the Gotta Petcha Company. by Messrs. Glass, Elliot, and
Company and that arm have agreed to transfer to this Com-
pany, at the oast price to them, the works so acquired. A con-
tract has Me been eoucluded with Mews. Glees, Eliot, and
Company, for the acquisition, by this Company, of
thedrmanufaetory, premises, patents, stock, and basleees, the
cons de ration being paid, to the extent of £lOO,OOO, In fully paid
up sham of the Company. Coder thee. combined arrangements
the Company will enter Into possession of the amalgamated
businesses, and be entitled to their profits, as from the Ist of
Jan an' last.
The Company's business will he conducted under the ppearrrbmnal
superintendence of Mr. Barcla and Mr. Clew anaging
Directors, assisted by the efficient itaff of the netted Companies.
Toe agreement with Messrs. Glass, Eliot, and Company pro-
vides for the assignment, with the consent of the Treasury, to
the Company of the lease held hy that firm of the Submarine
Telegraph between Malta and Alexandria The Ale
Cairo, and Mier Telegraph, held by Mews. Clam, allot, %bin%
Company under agreement with the Telegraph to India Com.
pauy, is also com in the arrangement.
The large profits which have hitherto been realised by both of
the above firms, and the prospect which exists of considerable
extension of the boatman, Judi(' the expectatioss of • large
return to the sharaoklers, independently of the profits arising
from the working of the Telegraph Mies above referred to,
Copies of the above contracts, together with the Articles of
Association of the Company, may be inspected at the aolicitors'
offices
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Applications for shares mud be made In the annexed form :
but no application will he considered unless the dcpuelt of 11
per share has been previously paid to the bankers of the Com-
pany. This deposit will be returned if no allotment is made to
the applicant, and If an allotment Is made, It will be applied
tow er& the payment then due.
An option will be given to the subscriber of taking enssforirth
of the shares allotted as folly paid up share,.
Prospectuses and tonne of application for shame may be oh•,
tamed at the Micas of the Company, and of the Brokers.
London, April 7, 1864.