The Express.
London, England, 1860-08-08 00:00:00

LONDON, WEDNESDAY EVENING, AUGUST 8, 1860.

an ind=nt •uhlettaidnik bet erehme mom management
sa AO Irrigation an caw y. and ell requisite
srmagmatts for effecting this Oblast be agigited with the
concemeece of that Company, with wham sem. moor:tingly
• appikaike for a medal Aed benogenilowlmlll be made
es* rat senice
The biomes political atallesdal mod the highly
rommosiino eharacter of of la ladia, ars now
as well ondersteed. that it 1. umemomp in a papsctus to ad-
verse prod. er Se shodebe dela. thermal. of past experience.
Them howswr ellemay desire sea latormotion. are referred
is the appended wileans treat stria documents and public
meads, the easesses whereat odder* In the moet reliable
menet the Morns milted bp government from some of
those wtuch in dillsoent parte of In
are under
their coatrol

13b7eZkws forbear to aghast, the probable profits to be
dirlval hem their present ealsigriss; they prefer to point to
Os Iteseststhad results jug mitred to, produced by similar un-
itise* %ger Ina belief that all such works
ei.mr.D. properly and executed, will of ne-
cessity yield consldsrsbis sulans; It Is difficult to coo'
Mee how the sale of an Wish so taly essential to life
and progress as water is evorprbers, but more particularly In
India, can be otherwise than productive of large profile
In the present 'case, no precise estimate either of the coat to
be Incurred, or the profits to be realised, can be properly made
until a detailed survey has been prosecuted, showing the exact
course, nature, and extent of the various channels, and the
actual area of land to be irrigated. Looking, however, to the
peat extent and nature of the territories to be operated upon—
their geographical position, so advantageous for enormous inter-
ne! and external trade and commerce—their mineral resources,
known to be both rich and varied--and their great agricultural
capabilities, If supplied with water—lt Is but reasonable to P-
ivot that works which will bruit all these advantages and valu-
able resources into evidence, will, with respect to the returns to
he derived from irrigation alone, rival those of &shah, character
previoaaly constructed In other pals of Lea ; and that with
roped to navigation they win produce resells no less sags-
. . . .

It is worthy of remark here, as showing the soundness of these
expectations. that the present Secretary of State for India, In
Council, In March last, addressed to the Government of India an
°Metal communication. calling attention to the Importance of
constructing these eery works, and stating that her Majesty's
Goverostmt were prepared to carry them Into effect as soon as
the plow and estimates were approved by the local Government.
A dein to los an unguanateed Company established, he slates,
lod to lair ameession to this Company.
The mean sources of profit will be :
n .—Ttse sale of water to the government for the !rests-

See levied in respect of the use of the canals and
waterways by the public.
T. these may be added as available but subsidiary means of
additional returns

1. The working of the canals by the Company by the convey-
ance of passengers, animals, and Fools thereon.
S. Rent and other Income derived from mills and factories
established on the banks of the variocia channels.
Cultivation and sale of Umber and other produce raised
upon the land of the Company. And
e. The supply of water for general purge's.
Although these latter are now put forth as secondary only,
they should by no mean. beget eight of ; the Prat of them has
here aJready ascertained to he highly predacity" In India. and
by the official acsounta of the exleting canals In the North-
Western Provinces of Bengal, the profile derived from mills,
thither, and bank produce represent a large percentage upon
outlay.
To the manufacturers and consumers of cotton In England the
establishment of this Company promises results of Incalculable
Importance, as It wiU render cultivable and bring late cheap
communication with the coast an immense area well known to be
eminently adapted to the growth of cotton, the Mahaimddy with
He branches and affluenta forming the natural outlet fur the
whole of that portion of Southern and Central India Including
Berm' which Iles Immediately to the north and north-east of the
countries drained by the Gorlavery River, and aptly des4selled
"The Cotton Field of India." Indeed, • glutseat the map wID show
that no territory of equal extent, and emilarly adapted to the
growth of that article, can be so rapidly made available to
supply their wants. on this ground the Cotton Supply Asso-
ciation has given its powerful influence In aid of the Directors'
proceedings
According to the rough general estimate supplied to irreni-
sent by Colonel Arthur Cotton. the mat of constructing the
whole of the contemplated works may he approximately stated
et A 1,600,000 . It Is proposed therefore to limit the issue of
=lta the Sot instance Wthe sum of £1,000,0001.. divided
,000 shares of £to each, and to take a first deposit of LI
per share only, with a further payment of £1 per share. when
ths OW agreement hse been concluded this will, It Is believed,
Man to support effective operations br the Rest twelve months.
Of a/1 seliseque
er.
ut calls full and timely notice will be given to
each sharehold
_

la the allotment of shares, preference will be id wen to those
=cants who are shareholders In the Madras Irrlgatkm end
Company. to the extent of the number of shares held by
tbal that Coallaany. sad ail future Imes of shares In England
will be distributed pre esia among ruck ef the then existing
shareholders in the pre met Company as may be desirous of
taking them.

Piesertuae and forme et for 'bares may now be
W request al the Wien. V, Cannonatteet, 8.C.,
Looks : and at the Demlent, Mennt laneom, Bow-
yer% sad Co.. No. 1. Nal