The Express.
London, England, 1862-11-28 00:00:00

THE SOUTH AFRICAN IRRIGATION and
N VEsTMENT CON PAN Y ;Limited).
To be Incorporated under the Companies Act, lin which
wectally Smits the liability of each Shareholder to the amonat
d his Shares.
Capita £1,000,000, In 40,000 Shares of £OO each.
Power to increase.,
First Issue, 10,000 Shares.
Deposit on application. el per share, and a further payment of
el per share on allotment. Calls not to exceed ,e 2 per share,
and three months' interval between each call. It is not in-
tended to call up more than LlO per share.
niwicloas.
Johanrry, Direct.,an (Barry and Nephews). Lonon d
own of the Loudon and South African lank
Junes Clack, Fail Black and Co.), merchant, Loudon, Graham's
Town, and Port Elizabeth.
Alexander Croll, E.( 'Alexander Croll and Co.', merchant, Lon-
don and Port Elizabeth,
Alfred Janis, Esq.. Lcn.lou (late Chairman of the Commercial
Bank, Port Elizabeth .
Henry shenaan. Eaq., merchant (Lecicks and Sherman,. London
and C.lpe Town,
Joseph Mosenthal. Esq., merchant (Moeenthal and Co.), London,
Port Elizabeth. and Cape Town.
John Paterson, E.q. Paterson. Kemp, and Co.:, merchant, LOU.
don, and Cape a 'toed Hope, Director of the Standard Bank of
British south Africa.
A. C. Stewart, FN., merchant (Stewart and Co.), Liverpool, and
Port Elizabeth.

BANCEIL9.
The Alliance Bank of London and Liverpool, Lothburp, London
and the Albany, Liverpool
flottcrroan—Yeasts. Flux and ArgleA, Nllnclng.laue, London.
BilvllittLl—Messrs. J. and J. Whltehtad, 8. Ifoorgateatreet,
_ _

London.
TriPORAIT OFFietn—No. 27. Moorgate-sWeL London.

PR PICTVK

The Muth African Irrigutavu and Investment Company Is este-
bllelted with a view to cold In the furtherance of those public
undertakings In the Routh African Colonies, incladlot the Cape
of Good Hope, British Ka:traria. and Natal, by which their re-
sources may be more fully developed; the result being, In the
restart) of the Directors, certain to prove most satisfactory to
'boss who embark their capitol.
The Company's operalions wall embrace three mein objects :
let. That of a Land and Irrigation Company
b& That of a Public Works Imore especially a Lighting,
Paving, and Water Company); and.
find. That of a Trust Loan and Investment Company. -
It tau seemed wise to the Directors to combine these objects In
one Company, since, while all are entirely compatible, and can
he very properly undertaken under one mauagement, the heavy
expenses of offices. directions, and serventa fur separate com-
parries will he thereby avoided.
The South African Irrigation and Investment Company, while
meeting the wants must keenly felt at the present time by the
South African Coleules, cannot fall to realise to ifs shareholders
ample returns upon the capital.
As a Land ants Irrigation Company It will enter upon a most
prumbing field of eperations. Large tracts of fertile soil along
the rivers, and in the great karoos or plidrts of the country, are
to be purchased at sery lose prices, which, by Irrigation Works,
Indents, tanks, or water.leadings from rivers, may be converted,
by no great outlay. Into properties many times their original
value. The government returns for IMO, of the value of landed
estates In these colonies, alma that where by private enterpeha
Irrigation worts have been constructed on farms, the wharves-
merit of value has been from live to ten fold, and en such re-
sults have been achieved by private eaterprise, yet more satis-
factory remits may be looked tor where labour Ls more organised,
and scientillesklll Is brought to hear.
The Company will not only purchase lands with a view to re-
sale after the construction of irrigation worts, 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 hill to facilitate the con-
struction of a series of government tanks-, and to secure on the
capital employed bleach works on government land, a govern-
ment guarantee of at least ale per cent. per annum.
As • 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 Irecome to it a consti-
tuted Water and Gas Corn;sany : and Port Elizabeth snow the
commercial capital of all South Eastern Africa caused a bill to
be introduced Into lust session of the colonial parliament, chant-
ing the whole proderty of the town for £90,000, to guarantee at
leant £S,OOO per aunties on outlay for works for water supply. The
Directors feel that the present is a most favourable opportuelty
for tire establlshmeut el a Company for leihhe Works, and they
cenfidently anticipate that they will he able to rfonpiereermnag.
meets with the authorities at Net Elizabeth to become its Light-
ing, Paving. and Water Company, in a,. to ensures most favour-
able cemmencemeirt of business, and (militate future operations.
It may be mentioned that In towns where, by authority of local
water works have been constructed, they have
proved source. of very kaye proqte on the copilot Invested, and
the only Gas Company In operation In South Africa pays annual
dividends varying from 15 to 40 per sent.
As • Trost Compaity a very considerable and profitable Ansi-
nem can be done. It will lee In position to offer very ample seen-
rity to constituents, and the following statement of selling prices
of shares in evistitm Trust Companies will show what any be
alone under this head:

Name u( Company. Paid-up. Selling Price.