The Express.
London, England, 1862-11-26 00:00:00

THE SOUTH AFRICAN IRRIGATION and
INVESTMENT COMPANY (limited).
To be Incorporated under the Companies Act, ISM_, which
specially limits the liability of each Shareholder to the amount
of his Sham.
Capital L 1,000,000, to 20,000 Shares of £OO each.
(Power to Increase.)
First Issue, 10,000 Shares.
Deposit on applicaUon, £1 per share, and a further payment of
41 per share on allotment. Calls not to exceed Et per share,
and three months' interval between each call. It Is not in-
tended to call up more than £lO per share.
DIREMORS.
John Barry, Esq., merchant (Barry and Nephews), London and
Cape Town, Director of the London and South African Beak.
James Black. Fay. (Black and Co.), merchant, London, Graham's
Alexander Cdrtfll, Esq. (Alexander
ort btll
Croll and Co .•, merchant, Lon-
don and Port ElizabeHL
AlfredJarvia, Esq.. London (late Chairman of the Commercial
Bank, Port Elizabeth.
Henry Sherman, Km., merchant (Levicka and Sherman), London
and
Cape Town.
Joseph Mosenthal, Faq., merchant (Mosenthal and London,
Port Elizabeth. and Cape Town.
John Paterson, Faq. (Paterson, Kemp, and C 0.,, merchant, 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
Port Elizabeth.

The Alliance Bank of London and Uverpool, Lothbnry, London;
and the Albany, Liverpool.
SOLICITOIB—YeIIin. Flux and Arglea, Mincing-lane. London.
Ititoaaaii—Aleaara. J. and .1. Whitehead, 8, aloorgatevitreet,
London.
I.lloooll,Alir OPTIC= —No. 27. Moorgateatroot, London.
PBOOPECTU&

The South African Irris;ation and Investment Company le esta-
blished with a view to aid in the furtherance of those public
undertakings In the South African Colonies, including the Cape
of Good Rope, British Kaffraria, and Natal, by which their re-
sources may be more luny developed: the result being, in the
opinion of the Directors, certain to prove most satisfactory to
those who embark their capitaL
The Company's operrione will embrace three main object; :
let. That of a Land and Irrigatiou Corupauy ;
led. That of a Public Works :more especially a Lighting,
Paring, and Water Company): and,
Srd. That of a Trust Loan and investment Company.
It has seemed wise to the Director, to combine these objects in
one Company, since, while all are entirely compatible, and can
be very properly undertaken under or management, the heavy
expenses of offices, directions, and servants for separate com-
panies will be thereby avoided.
The South African Irrigation and Investment Company, while
meeting the wants most keenly felt at the present time by the
South African Colonies, cannot fail to realise to its shareholders
ample returns upon the capita/.
Asa Land and Irrigation Company it will enter upon a most
premising geld of oparations. Large trace of fertile sell along
the rivers, and In the great karuos or plains of the country, are
to be purchased at very tow mires, which, by Irrigation Works,
farms, tanks, or water.l.rffings from rivers, may be converted,
by no great outlay, Into properties many times their original
value. The goverment rebus" for IWO, of the value of landed
estates la these colonies, show that where by private enterprise
Irrigation works have been costatrucied on farms, the enhance-
ment of value has been from five to ten fold, and as such re-
sults have been achieved by private enterprise, yet more sate
factory results may he looked for where labour is more organised,
amid scientific skill is brought to bear.
The Ompaoy win not only purchase lands with a view to re-
sale attar lie owe/ruction 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 series of government tanks, and to secure on the
capital employed in such works on government land, a govern-
Meat guarantee of at least six per cent. per annum.
Asa Public Works Company for the towns of South Africa,
the prospect Is equally inviting. There is scarcely a town of
magnitude which is not now prepared to offer most liberal and
remunerative terms to this Company, to become to it a canal,-
tutol Water and Gas Company: and Port Elisabeth 'now the
commercial capital of all South Pastern Melee cared a bill to
be introduced into lest 60311)11 of the colonial parliament, charg-
ing the whole property of the town for e. 90,000, to guarantee at
least £5,000 per annum on outlay for works for eater 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 th it they will be able to complete arrange-
wens with the authorities at Port Elisabeth to become its Light-
ing. Paving, and Water Company, ao as to ensure a mod favour-
able commencement of bushier, and facilitate future operations.
It may be mentioned that in towns where, by authority of local
munidpalities, watetworks have been constructed, they have
proved sources of very large profits on the capital invested, and
the only Gas Company In operation in South Africa pays annual
dividends varying from 15 to 20 per cent.
As • Trust Company a very considerable and profitable busi-
er" can be done. It will be In position to utter very ample secu-
rity to constituents, and the tonne Mg statement of selling prices
of shares in existing Trust Companies will show what may be
done under the bead:

Name of Company. Paid•up. I Selling Price.