The Express.
London, England, 1862-12-01 00:00:00

THE SOUTH AFRICAN IRRIGATION and
I N VILiTHILLT COMPANY (Undiad).
To he Incorporated under the Companies Ant, 1862, which
specially limits the Lability of each Shareholder to the amount
of We Shares.
Capital C 1,000,000, In 10,000 Shares of Z6O each.
(Power to Increase.)
First Issue, 10,000 Shares
Deposit on application, .11 per share, sad a further payment of
Cl per share on allotment. Calls not to exceed A 2 per share,
and three months' interval between each cell. It to not in-
tended to call up more than £lO per share.
DIRMOYOR.9.
John Barry, Bp., mere Cant ;Barry and Nephews), Guidon and
Cape Town, Director of the London and South African Bank.
iJames Black, Fed. (Black and Co.), merchant, London, Graham's
Town, and Port Mimbeth.
Alexander Croll, Baq. (Alexander Crcli and Co.), merchant, Lon-
don and Port Elizabeth.
Alfred IarIIR, kleq.„ London late Chairman of the Commercial
Bank, Port Elizabeth).
Henry Sherman, Esq., merchant ;Levicks and Sherman), London
and Cape Town.
J Moaenthal, Iraq., merchant ~Ifosenthal and Co.), London,
r:
Elisabeth, and Cape Town.
J Paterson, Em. (Paterson. Kemp. and Co.). merclumt, Lon-
don, and Cape of Good Hope, Director of the Standard Bank of
British South Africa.
A. C. Stewart, Esq., merchant (Stewart and Co.), Liverpool, and
I Port Elizabeth.
P. la Van der Byl, Eq., merchant ;yen der Byl and Co.), London,
Cape Town, and Port Blimbeth.
SAMMY.
The Alliance Bank of London and Liverpool, Lothbnry, London ;
and the Albany, Liverpool.
Mumma —Mesas. Flax and Arena Mincing-lane, London.
BROILJUIB-1111WIL .1. and J. Whitehead, S, bfoorgataatzent,
London.
Thrroaaar ON7Milla—No. M. MagristoWset, Lars.
...naverrna

The Sonth African Irrigation and lWestment Company is eets-
bllshe.l with a view to aid In the furtherance of those public
undertakings in the South African Colonies, including the Cape
of Good Hope, British Kaffraria, and Natal, by which their re-
sources may be more fully developed ; the result being, in the
opinion of the Directors, certain to prove most satisfactory to
those who embark their capital.
The Company's operations will embrace three main objects :
let. That of a Land and Irrigation Company ;
22d. That of a Public Works (more especially a Lighting,
Paving, and Water Company): end,
bd. That of a Trust Loan and Investment Conipsoy.
It has seemed wise to the Directors to combine these objects in
see Company, duce, while all are entirely compatible, and can
bevy yproperly undertaken ender one management, the heavy
mipailess of ekes, directions, and servants for separate com-
panies will be thereby avoided.
The South African Irrigation and Investment Company, while
umethigthe wants most keenly felt at the present time by the
South A ri an Colonies, cannot fall to realise to He shareholders
Vretains upon the capital.
s Land and Irrigation Company it will enter upon a most
rising field of operations. Large tracts of fertile soil along
the rivers, and in the great karoos or plains of the country, are
to be purchased at vary low prices, which, by Irrigation Works,
lodates, tanks, or water-leadings from rivers, maybe converted,
by DO great outlay, into properties many times their original
vane. The government returns for 1850, of the value of landed
In these colonies, show that where by private enterprise
on works have been constructed on farms, the enhance-
ment of value has been from five to ten fold, and as such m-
eans have been achieved by private enterprise, yet more eatis-
**dory results may be looked for where labour is more organised,
and scientific skill is brought to bear.
The Company will not only purchase lands with a view to re-
side after the construction of irrigation works, but will take con-
tracts for the construction of like works upon government and
private lands. It is known to be in contemplation in next session
of the colonial parliament to introduce a bill to facilitate the con-
struction of a eerie* of government tanks, and to secure on the
capital employed la each works on government land, • govern-
ment guarantee of at least six per cent. per annum.
As a Public Works Company for the towns of South Africa,
the prospect Is equally inviting. There is scarcely • town of
magnitude which is not now prepared to offer most liberal and
remunerative terms to this Company, to become to it a coned.
kited Water and Gas Company and Port Elizabeth (now the
oommercial capital of all South Eastern Africa) caused a bill to
be introduced into last session of the colonial parliament, charg-
ing the whole property of the town for Ane,ooo, to guarantee at
least A 2,000 per annum on outlay for workefor water supply. The
Directors feel that the present is a most favourable opportunity
for the establishment of a Company for Public Works, and they
confidently anticipate that they will be able to completearrange-
meets with the authorities at Port Elizabeth to become Be Light-
ing, Paving, and Water Company, so as to ensures most favour-
able commenoement of businems, and facilitate future operations..
It may be mentioned that in towns where, by authority of local
municipalities, waterworks have been constructed, they have
proved sources of very large profits on the capital Invested, and
the only One Company in operation in South Africa pays annual
dividends varying from lb to 20 per cent.
As a Trust Company a very considerable and profitable busi-
ness can be done. It will be in position to offer very ample secu-
rity to constituents, and the following statement of selling prices
of shares in existing Trust Companies will show what may be
done under this he
Name of Company. 1 Patd-np. j Selling Mee.

11Maid of
Amortattoo flronton. or Administertagl
_ rAtat!° _

Z U. d.
100 0 0

976 0 0
262 0 0
910 0

B a. 0.
360 0 0

187 10 0