The Express.
London, England, 1868-08-18 00:00:00

ABRIDGED PROt4PEX7US,

The object of the Company ia to establish and works direct line
Sf telivrispli between the continent of Europe and the United
tates of America, in accordance with the immersion wanted by
the Imperial Fiwnel Government to Baron Emile D'Erlanger, of
Yuri., and Mr. Julius Reuter, of London.
This clime/onion bears date 6th July, 1665, and confers the privi-
lege of Is? log and working submarine telegraph. between France
and the L oiled States. The French Government bind. Itself not to
grant any other no nce...ion for lines between Francs and North
Anwrira during the period of twenty year. from the Pit September,
1666.
. . . .

A oonneopion granted by the Awn Logi.,'store of New York, for
landing and working eablee between tlutt State and Frame, had
been Atelll ed. .

Arrangement, have bten made with the Submarine Telegraph
Company for the exclusive use of one of their wires between Emu
land and Dieppe, from which place the French Government will
construct a speeial win, to lin.ot direct for the Company. by this
means, the valuable eieoperution of the Submarine Tele,nitph
Company has Urn meciinvil. and an uninterrupted route from Eng.
land t, the United States will be entoldidiod.
. . .

The Fnhe nupport an 4 itiinintanre
to Ow uiiihrtuking. tool an 1 y iitinunittee of the highest
no.itniti lie. IMM Il toniwil in Pans.
. _
• •

It will to• the oo
bject of the new 'ompany to tlx ouch rates for
s ...cure the larmst train. The price to
to Le £2 for a no. age of If voribi, and it
ne. not tioi -at:guilt.. an expectation that ut this rate the line
wit 1111.1 sloll•tliltt Inuit.
flietom Prot 111.11•1111,41111 of the r.es cable ioistimaittoi.ancordintt
to tle 1. hnl iif the tootgioteete WWI electricians at a minimum of
I z wont- 1.• r who-h. It bolus a lbw for wooote time,
WO I 1.0110 010 1411) hOllO, u day for actual wort. anti taking
II • lit the year. IriVVo. lit the rate of £2 per inesian..,
ei.il .............f utto pmeep.atiy. the proportion of darn
OW bond loot would, Mall probability, be leo. than I. idattlllo4l In
the.. ',Limit, The working OXpeIIPOO of the new lftw map Le
euleollooto ol to otoreoulit at the utile ist to feln.ooo our annum.
. .

-....-........ ..... - ......
A control Mtn been entered into with the Telegraph Constrnt-
t Wit rind Aland mintier C ..... ',any to manufacture and lay the cable
Mr the .... of Cclo.oot. of which f,pqatsiti ia payable in wish by
ac..v,t iimalinenbt. The remaining £loo.ooo in fully paid shares
...Mc -114 44.t.s1Ilielmipletion of the untlerushing,
no. 14, eat F.:hotvrn will be employed in laying the deep nes por-
tit.. Sir Samuel 1 'aiming with a competent staff will have charge
of the nultemer.ion of the cable. Sir James Anderson will act on
belitelt ot. and watch tier the intervaln of the Company.
The cable in contracted to be chipped in June next, and the line
1. expected to he open for traffic in the course of next year.
The cable will he of the beat construction. anti generally of the
write dereription a, thone manufactured by the Telegraph Con.
ntructi .... Company for the Atlantic and Anglo-American Telegraph
l'•oupuitie R.
in re :tenor the mute, a detv.f.- ha. tern made to avoid the rink of
iminown :.111 that tne lank, of Newfoundland. It is on
then.- lam that all accit.ents to the wanting.cables have occurred.
sir Jam.- Anderson hen reernded his opinion that the object
the...ought fort wfll be fully attained.
I.lllll,...intlliireA, by an agrventent dated Ist August, IMR.
and celodoliol n. the articles of unsociation, have agreed to tlllllll.
r to t 1..• Company their roncivaion from the Imperial Govern-
.. France, together with all their rightn under the 0011C011-
N 1,41 114,111 tile. SLAW of New York, and the benefit of the under.
m. trt toned airmemeitta, and to defrayal! expenses rip to the resin.
t ration the ompanyin consideration of 3,000 fully paid scene.,
to he allottexl then, whenever the cable shall have been Illlool}l/4
talky laid. 111111 shall have continued to work watisfactoiily for 30
Juts. Vol will elm be entitled to receive onisafth part of the
nut plus net profits in vcoir. after netting aside a reserve fund
eepeed to :5 per rent. of the net profits., and after payment of a divi-
dend cif lu per cent. to the nhareholders. Thew contingent profits
will, 111 conreniene e. be attached to a portion of the fatly paid
Aare, It will be Keen from thin that the concessionaires look
only to the soars of the undertaking for their remsnemtklb. and
for the repay neat of the expense. they have already inccured.
Copt.. of three Agrvemontr and of Si,,' Memorandum and Articles
of Annoriation. and of the Conoessionn, lie for inspection at the
Unit. 11 the Solicitors of the Company, Means. Biachoff. Cole.
and Doorpost. 10, Cfolemanetreet.

--Prnpe 'tn.. and forme of replication for glares may be obtained
at the MR, es of the Company. Bartholomew.houre, and at the
Union Beak of London. PrMet444dreet. and their varietal brancibm.
QOCIETE du CABLE TRANBATLANTIQUE
FRANCAIS (Limited, —NOTICE IS HEREBY GIVEN.
that the SUBSCRIPTION LIST will be CLOSED in London at
4 o'clock on THCESDAY next the 86th inst..—By order of the Beard
FREDERICK J. GRIFFITHS. Secretary.
Bertholomew•bonee. London. Austad It. leek

COAL.--01CORGB J. 00CHERELL ani Co.
Bak comb only. Ca& Mc —l3. Cloeuhin.