The Express.
London, England, 1868-05-15 00:00:00

~....1 L of Ft' KTHER CAPITAL for the COMPLETION of Recommended by the Ooveramei:t of Me, thu. : •We lave
woRES constructed ender a Cowered whereby the Govern. ion ?opened We great scheme 'the Whir Undertakinr) es
meat of India have agreed to pay for all water supplied for one of all others faindia to which private capital should he
.rrigatiou, forming a Guarantee against loss by non-payment betted."
of Ovate .rate', each works having also commenced to yield The same (immanent have now agreed to pay for all water
returns. supplied by the Company, they participat In some of thi
THE EAST INDIA IRRIGATION and wo au naked after 36 per cent• that! have.ag be received by
the Shareholders.
CANAL COMPANY. TILE EAST INDIA IRRIGATION and
Im.orporated by Special Act of Pa,llament, whereby the liabl.
hty .1 each Shareholder is limited to the amount payable upon - CANAL COMPANY.
Li, shares, or the amount of hie Stock. ilicorporated by Special Act of Pertlement whereby th • liability
SCH. ME 01 OPERATIONS. of each Sharelsekler is limited to the amount payab.e upon his
IRRIGATION WORKS in RAISIN, called I shares, or the amount of his Stock.
" THE IRISSA CINTIERTA KING." INTENDED SCHEME,
ns,cond issue of cajoled oi s.l.oncoon. to consist of
arils. of The CoNSTRUCTION of IRRIGATION WORKS In BZHAR,
LW ..ach, and stock in s
ome varying from 410 eatt upwards. to be called
Deposit upon Shares I per share, with liberty to pay up the " THE BEILSR UNDERTAKING."
tematnine CU or e less amount in advance of calla. All preliminary investigation tuning been made, and plane per-
t upon stock £lO per cent. upon application, and the Pared and approved for immediate construction.
re
Interest within three months after allotment. First issue of capital for the Behar Undertaking, £1,000,003, In
littered at Five per that. will be paid half.yearly upon all shares of a.lO each, and stock In FILM varying from £lO each
deposits. from the Ist July next, and upon all payments in ilPwardt
advance of calls and in paymeut of stock made before that day Deposit upon shares LI per share, with liberty to pay up the
from the same that ; and from the day of payment if made after rimainiw cli or a less amount in advance of calla
that time. Deposit upon stock £lO per cent. upon application. and the
I n the allotment of shares, a preference will be given to those rcnialmler within three months of the allotment.
slo shall have paid 1n full or to any extent in advance of calls. Internet at live per oent wi Ibe paid upon all deposits from
DIRICTO/18. the let July next, and upon allay pments, In advance of cells J
All ES THOMSON, Esq., Chairman. and in payment of stock, made before that day, from the same
Litutenent.Colonel John Grimes, late of the U.K 1 C.a. . time . and from the day of payment, If made after that time.
nie lion. Arthur !Winded, 71.
a. lu the allotateut of &mei and sto,lt. a preferenee will he
L:
ore William Campbell Onslow, late of the tit Cu to those who shall have paid in full, or in advance of calls.
If - ore Commission --
:corm Sir George Pollock, 0 C.B , 0.C.6.1 , &c.
SECRETART--Joba Westwood, EN.

Dlr toes and Maws the was as set teeth in " the Oriels "
undertaking advertisement.

PROSPECTVS.
the circumstances hustler which subscriptions are now invited
by this Company. to a further issue of capital, are peculiarly
favourable nit investors, and present the atroutmat midenen of
the taund aid profitable character of the undertaking, to cone
plete which an additional outlay Is required.
This work, known ea " The Orissa Undo taking." consists of a
very extv naive scheme for irrigation and navigation tlerou‘hont
Cinema and the adjacent dlstiictA, embracing an area much
larger he e•xteitt than LnaL•nd and Wales—the whole of such
works basing been most skilfully designed on behalf of the
C. loyalty by I ',bowl Itundall, then their • hie( engineer, and
• -•••• thief engine. ref Bengal, and the general plan has received
i.. approval of Goventment, whilst detailed plans of nearly the
w ',le of the soiouf sections tiro whit h it ia divisible has e leeen
I rcpareci.
emu; the entire ...theme there have been selected for that con-
, . _,tom •-eitaite •ee•tions, conflating of head maks that in,
•. eirs : at roes the Rivers Aishaund•ly, &Topa,
anany. and Cosaye, and Me navigable sod irrigating
-,.1- snob their subsidiary channels traversing the country
• • .•••• el, via.:-1 The Kendrapara Canal with Its
• • I: cdoitling Rom the populous city of Cuttack to the bar-
, •••I F. al, Ptint. and Uhaturah, in the It y of Bengal. 2. The
..•-•••:•th kt 411411144.7 frolllCLlttuCk to torte on the sante
• • filch Level • anal from Cuttack to Budruck on
'nodes River, brilar the trat portions of an Intended
. :•• late. t CLAM, k with Calcutta. 4. The Alidnapore and
• from the large and important town of
• ....•• •re t•• the Boogitly River, and cetruircting that town
, . • ~ pat atol city of crlentte, awl forming the terminal per-
..., hue eonieect Ole Cuttack with Calcutta and a. The
• a • limo the River Roopnarain to lialagui, a manufac-
, ; o ta ..•:•I bringing the latter Into CoilitoUnication with
ti 6. 1, it is known that the ports of False Point and
-..•••ra a bast to en reported by qualified niticers to be the finest
. at, the whole ..f the inaficn coact between Bombay and
, •. • 1•Iy. and that the Kendrapara canal will hot only con-
; with the- city of Cuttack itself, but, by means of the
s •,••••ds- f i‘er. with the vast and fertile upper diatri•ta of
• - • a • . the • apaltilit les of which h tve been lately most
. ..1 I • ••1•• sh•twn by Mr Richard Temple, now the
• ; • • •11oi-1.-2. ••I h.dia, to be eiinnnOna the vast impor- •
• eto II a main artery fur traffic will be apparent
. I le AI !inhume and Honghly Canal, bringing into con-
, o•.'
ca• other, as it will, two such Important places of
• • . ••••11.1. tiro as Altdieapore and Calcutta, Is also maul-
.; ,;,..1 p. to Lightly profitable. In addition, however, to
• tm. a• means of transit, these two canals are it
neon irrigating channels, regarding whi•li
I. 1• a al -I.oe et the works tow under construction is as
• I • 1.••••••••• masonry weirs and head works require
• - •••it las for their completion, and nlttinately
7 4:1 147 1.70117711,d over the various channels lncourae
.• - • • . •• te• ia• coratruetewl. for the imitation of the
1 • • •. -.lf 9•11..1. wet elver fuel additional acreage as
'L •• • ••• • .1..1 mr. There- is now, or will be intim-
. t.• • a t ••••g•ii• aid .apply of irrigation, 1. :•1 stile.
a•.. 1 o 4 it to IligeS 411 progreaa inwards Colin-
-11 ..• .1... In-. 1. comtne•ted with Ins. tory works, '
•.• ;•!ieg :der, about 134 miles of main Nub.
• t em, • •••I ••••, 111114.8 additional ate drawing closely
•.• •• I:le 1.31 n works thus far executed con)-
, . •t• • .••• a It.. 'c luring only the addition of •
• • •-: . t., 'mopeds to apply water to the land.
I. • , ; • ea a eumeient far navi7atien at tinted
• • .eis same portions of the Aliduapore
•• • ..-ai the tidal canal, find dtil log lad
•
; • 7..- : 71. • 7:77 I. 41 upon theta their incentplete
.7 7 ...171 • • : - ..h.: u.ith accommodali• n for traffic during
• •. • • •• -1• m• ••f gradual aid certain increase, !
tt.• a It-ie coatlttitrll over A: 0 per mile ge,, .“,
• .1- le 1.0,- notele higher. The locks reejnired to
• . - • - • t•• •t• voixaltle at all tlneex are fast drawing
i• '• n• a:, :Lied then ft be enntdeillty settrnataft that a
• - • - ..1 !rata.- will misc. The Kendrapara Canal will.
• • r its, be opened for navigation to Tidal
11., hat of Pal:. Point, by the end of this year.
•.- ‘. .1, amt Iwitq constructed, the the
• • .1 :11 44 hell v.,,aph.ted ac -at ding to ale elltd•
•. 4-• t. 77,77.41, 'mod collipeteld to judge, including
..• • • .1: a nn tin- present chief engineer of the Company,
• • . • . •••, the it-tit:4'ton of about 710.000 acres.
•.• 1. mpatty, with the atuction of the govern- '
• . e. .1 the tat, t,. be pai•l for a supply of its water
. • • is r tar•tite crop, or tn. e metes per acre for
wore admitted by all to lie Very
I'. 7 4411:4:4171, toid capable of bring increased
• • •••,i it Ni .4f f.an.l. a. a 3.leamite of policy, advisable that
• • I. let It at alo•uld be made. in order that the native
- ',1.( h.- 1,110,1 to take the water, and so to li,
• ••I ute- eruct lame Ms which they would inevitably
.. It • trt I.;atien ••f their land, and which would, it
. •ta It s t•e nand, r a fieee•eiy return to the original
.• • • at. t-r• nifty without rivatine dissatedaetion.
• • • •• • •-•;taid rate of charge for irrigatirm. and esti-
.. .. t • , e, fp..n navigation at the vet y moderate betel ell
• • •., • ti the ••••tlay the present chief engineer Las just
• 1••• •• Innate e the returns upon the tidal canal will
1. r • • It. and allowing the high charge of I, per
I- pan •, 411.04tolinlice, establiihnient, A:c., the
the ea, tn... now to be ennipleted would lee
• •I • 1- t it Lid,, by the re-eatablishment of the
' • tic, rupees per acre for irrigation, would be Made
' 177 I 7 • id. bet.
laort.c the accuracy of which can he easily
•••• •:. and any inquiry made iegarding them at the
• . - • m 1•••••• will be at once replied to, and every inform,

This company was ineorporated by special Act of Irarlesznent
in Pint, sad under the powers thus granted, and under a con-
tract made with the Indian Government, it originally under.
took the arrying eut of a scheme of works In krises styled "The
firissa Undertaking,- and such has been the rapidity with which
the cote-traction of thefts*. selected sections has been prosecuted
that, at this time, water for the irrigation of at least 1410,000
acre+ can be .upplied—a rate of progrens more rapid and more
satisfaetory than has every. t been attained in India. A Large
demand f..r the water hag already arisen. aud it is clear that the
success .1 that undertaking Is now beyond a doubt.
The r 'rectors. in 1804, concluded arrangements for another
contract with the Secretary of State in Council, whereby the
Company were authorised to carry out a project for applying the
waters of the Rh er Same to the irrigation of the land lying on
He western side as far as Clittnar. and en its eastern 'tie as far as
Patna, a general sketch plan and description whereof has been
submitted t• and approved by the Cusernments of India and
1 engal and it is for this project .ulrocriptious fur capital are
now invited.

This •
second undertaking of the Comtany has been named
" The Behar Undertaking." It is basted upon most careful hi-
vestigatiotig and plans made during several years, under com-
mand Irmo the t:ovemtitent, by Colonel Dickens, and bas been
styled ' The .rune Canal Project:' but—and this is very Im-
portant—the arrangement of the head works ban been greatly
improved, and in truth replaimed, by colonel Randall, in
acconlence r ith the eminently su. censful )iadras system. By
t ie•e improvements • hich have received the sanction and ap-
proval of Goverwilent, the prospectise pruttts have been greatly
in reawd.

The great value and promising nature ot "The Behar I:eirler-
hose, during the last eight or tan years, been so well and
favourably discussed in England and throughout India, first by
the Goverunient and then by the Company's ottleers, and are
now so ger.erally known that any statement which the Directors
niight add upon the subject would he superfluous: they, there-
fore, limit themselves to an assurance that they are satisfied it
;resents a safe. sound, and prontable Investment : and unhesi-
tatingly solicit subscriptkns towards the requisite capital ; at
the same time they quote. as confirmatory of their own judg-
ment, the following:
Firstly. An extract from a despatch to the Secretary of state
in Council. dated 10th March, 1862, icconimending that the
soane Canal Project should be given to a private compaimwhich
despatch was signed by the late Lord Canning as Governor-
General. and by Sir Henry Bartle 'rare .since Governor of Bom-
bay, and now a Member of the council of indlain EnglaiscP, Sir
Cecil Beadon "afterwards Lieutenant-Governor of Bengal!, Gene-
ral Sir Robert Napier :now commanding the Wrote in Abyssinia,
Samuel Laing, Esq., M.P. then the Finance Member of Council
for India., and the Hon. W. Ritchie—being the whole et the
Governmental Council, via.:
"His Honour the Lieutenant Governor considers that it Ahe
(inane Canal Project; holds out better praqiects than the OHM&
scheme, and Out it would be good for both the East India Irri-
gation Company and for the country if the Company were to
adopt this ith,temi of the other; but the projectors prefer that
originally selected by them.
"We have long regarded this schema as one of all others, in
India. to which private capital should be invited.
"There Is this &Avesta,* In Government taking the initiative
planidng the great works of the country, that they are at
ylacer) before the rnble that they can be discussed In the light
,I I. wet knowledge and experience. The only drawhack to doing
i-. the risk of misleading capital:as and mishit; mistrust of
tali inrcrtttlents. .

In the present instance no such risk need be apprehended,
for thole Is uvi lent throughout t'•dnuel Dickens* Report a most
ientious endeavour to antatipate the max Imam oust of the
work.

3ie therefore suggest that such meant, should be taken as
may seem be,t to you to make known the ()Mhos of Colonel
Dickens' scheme In goatees where it will he considered with a
ties to taidon.welimeeasisemstilloi vesteliseilstSeewOlesalsd to
Inform any capitalists, who may offer to do iso, of the terms upon
which the work would be put into their hande."
And secendly. Two ppanrraaggrraapphs from a minute recorded by Sir
P.P. Grant when Lieutenant-Governor of Bengal, viz.:
"The magnificent province of Behar, which weak% be admirably
watered by Captain Dickens* projected canal from the Scene.
The coat here would certainly be very much less:than at Cuttack',
and the returns may reasonably be expected to be much more
secure, because we know, as a fact, the valise of irrigation In
Behar. The suit is better, and the natural rainfall lv lees by half
on so average, and much less certain in Behar than In Cuttark.
The moat valuable crops are not the rain crops in Behar. and for
the most valtudde crops there it is found by experience that ex-
pensive well in lotion pays, which has not been proved by expo•
Bence to be the general case In twos&
" I venture to recommend this enterprising Company. In whose
success every person connected with India must feel deep Inte-
rest, to consider Captain Dickens' scheme of irrigation from the
Roane. for which complete plans and estimates are available, and
nothing in wanted tut the money."
Adding that Sir P. P. Grant's opinions have been confirmed by
many officers of government thoroughly well qualified to Judge,
and who have stated i hat the District of Itehar has a population
denser, and of more commercial and enterprising character than
that of Orissa, an I already convinced of the value of irrigation,
whilet it possesses a permanent land settlement.
The ierectors forbear to estimate the probable profits to be
lerived from •• the Itehar undertaking :" they prefer to point, as
guide toe fair Judgment upon the matter, to the ascertained
results produced by similar undertakings which have been oom•
',hoed, and tot-all attention to the now uncontroverted fact that
all similar works In India. when properly selected, planned, and
executed, must inevitably yield considerable returns—leaving
out of sight the profits to be derived from navination—bideed, it
is difficult to conceive how the sale of an article so absolutely
essential to agriculture and to life, as water is fn India, can be
otherwise than productive of large profits upon capital expended
to create Its supply.
It is tieeessary, however, to state that In the present case the
profits will be derived chiefly from two sources:
Firstly. The sale to the Government of water for irrigation, at
a price to be fixed, trmn tune to time, by the mutual consent of
the bovernmeat said the Company, or by arbitrators appointed
!or each. which price, when so fixed. must, according to the con-
tract,
represent the fair value of the water to the parUes using
It, and ninst be paid by the (Monument to the Company— a gua-
rantee of great value against Ingo
Secondly. Tolls lerimi upon all boats and vessels using the
navigable waterways of the Cotnpany, and rates and faros for
the conveyance of comic awl passengers thereon.
irreepeetioe of this e minor, though, as shown by experience,
Vt.lllhh.g 1.1311,e1,1fin
1. Rent for mills and factories which slay he established on
the batiks of the various channels. and supplied with water-
power therefrom. The water power to be thus available will be
very large.
Y. The cultivation anti sale of timherand other produce raised
upon the land of the company. And,
3. 'The mpply of water to the various villages and towns
within the vicinity of the Company's canals for private and pub-
lic purposes.
Ity the contract with the Government the Company are en-
title, to receive and retain all pronta from the sale of water for
irrigatkoi, until the dividends paid to shareholders shall exceed
twenty per cent. upon the total expenditure made, after which
the balance of each profits in to be divided equally between the
government and the Company. The returns from all other
names are to belong to the Company exclusively.
The scheme of works to be executed has now been thoroughly
Investigated and carefully re-planned on behalf of the Company,
and particulars submitted to and improved by the Government.
Detailed plans and estimates of the head works on the faine,
and rf 10 miles of main canal—that la, 10 miles, proceeding
from either able of that structure—have likewise been prepared,
and In like manner approved, so that there will be no delay in
making preliminary surveys, plan". to. all of which have been
effected, and everything made ready for immediate constructive
operations—a great adeantege. not possessed heretofore by any
other undertaking of a like character, because the realisation of
profits has been thus brought so much nearer.
The omits/ has been divided Into shares of £lO each, and
stock is sums ranging from elm upwards, to suit the convenience
of ;asit Is thought many tnav desire to take a definite
amount of stock, or to pay up In full. and thus he free at once
front all future care about ,alle, and front all future liability.
whilst others may prefer to pay a smaller gum &en se a deposit
on shares, and pay up the :edible by instalmehts as calls may be
made.
Some shares have been aliesdy allotted In ladle..
The share capital will be ea/led up alcwly, and so as, with
the stock, to maintain an mipenditure at the rate of about
1130.0'0 per annum. CI pet share during, each year will be
ample for this.
Applications for shares may now be sent to the Com-
pany a Wilco', e and 5, Queenaireet-place, Bouthwark-
bridge, London, EC., when a full prospectus and forms
of application may be had . but It is necessary that It should
be underetood that no applicsiien will be considered,
unless a deposit of tl on each share, or of £lO per cent.
npon the amount of stock applied for, has been made either
to the bankers of the Company. Messrs- Ransom, Bouverie.
and Co., 'o. 1, Pall•liall Nast: or at the offices, 8 and
li, Queen-street-place, Soathwark•teidge, London, E.C. The
deposit will be returned without deduction If the application Is
not weeded to.

- •
:••••••in t of an immediate and extentire !Tread of irriga-
,. t:o bcre of a setisfactory increase upon the existing
bighty encouraging. Vor >Ante little time the natives,
1 the value of irrigation. and fearing an increase
•t :isnesnment, abstained from taking the
t, but the renewal by Government of the existing
• • co it for a further period of thirty years, the Judi-
!..i...ray le "uction of water rate and other meanurei,
:to• • nitdon meat by the Company of some of the Zombi-
s • . f.:oc dispersed those impediments, and each succeed-
.. • :.1 mull has brought intelligence evidencing a practical
• •co the part of both Zemitolani and Ryots to secure the
•., :c• iirigation of their lands ; and by reports received on
of the present month, mid dated the 3Oth Starch, it
that there had then been signed, connected with the
Canal alone. karma principally for three yearn,
46,000 acres that applications from eulti-
-.I t..od trader the same Canal were being received
• o•te of from 2,000 to 5,000 acres daily ; and that the mu
o • i the moiler channels necessary to convey the
• t- their fields with earnestnem : further, that in the %lei-
.

•• ••••
• e -I the high Isevel Canal meetings were held by the Zemin-
' xhol other unmistakeable shams exhibited that the same
• • ••1:11•Is state of affairs there as that conneeted with the Ken-
' .1.“1.• All:ti WWI a mere matter of a short time, and that
the coming scaaat large &wands will be made for water.
i--i. the tlidospore Canal the effeet of the reduction of the
• ab m rate, etc., bat not, M the end of March. been thoroughly
•• rtahosl, because the Irrigating portion of that Canal had
. • en closest for some time previous for coostructien purposes,
awl had then only been reopene .1, but the chin engineer .•f the
e'ompune And the executive ensntwer in charge reported that
applicati.•ua for water, In addition to the 4.0 9 acre.• supplied
last ear, had commenced and were confidently expected to be
ailted to largely.
Firm the foregoing it may fairly be assumed that the works
already consti meted have how mitered upon their stage of
it tenue. mid that they offer to rapetaliata not emly a safe invest-
vient, let • which will, most assuredly. he very profitable,
•.•I. he and here it may he melded, as coofirmat• of this
1....-t hoinedi ate prospect, that the portions of the works now In
~natining to be executed• considing mainly of channels
• the didrihution of the water, will necessarily be the easiest
• warlalion as well as the most 1.4441.1. the. and will add
. .

1. to the ner-et.ltpeolreturits on the whole outlay.

ia.portanCto add here that the profits mentioned in this
1• t,.• Lave been eatimated upon the whole of the capital
• • ••••••I .00l now to be fel...a by the Company, although in
..1 the entire scheme of works la hip hereafter retried
• al,. h there can be little doubt teeing Its promising
' • -.-.. of that expenditure will have to be taken from
1•- :old works and charged to the other sections when
t. n

• T: !.. another featttre of o:eft iEvvrtanstrldeb must !lot

; in the consideration of the fitness of this undertaking
totem fly the contract It Is expressly provided that
~ shall he paid for the water supplied for inigetion
..Inatons—not by..the cultivators themeelvenrliut by
r, • oo ut of India: and that the price to bee paid by
' • •nincid to the Company for such water shall lie, the
, ..! to the cultivators, and shill be axed so as to reps.. for the water to the parties using it. With
ihl stipulation, it has been acknowledged by the
~1 that tney alone are liable In respect to the non-
• t for aster supplied, so that the Company are released
.01 h nt liabUity to loss of any portion of their water
vthic of the foregoing arrangement can hardly be
1: pa it... 1, fut ming as it does a certain and safe guaran-
i..pmcid for every portion of the water supplied for

•,
determined by the dtrecton to Nude at any rate
: • —nt. the expenditure to about X 1210,0110 per annum,
" • tlol %Ili be enabled to make all future calls men in
•1 et regular dated periods, not exceeding on the
• • ; r share during each ear; at the some tine they are
' l the .V.t of Intm to fine the rentdreel capital
t- CIS it, -hare, of £lO east, and pbtlally In stock diebdble
from tie and upwards - a plan whleh will
• t'.. ...lovenience uf those who desire to limit their [lability
' ‘..1 ,urn et once and to be relieved from tutu:scale, and
may prefer to pay the amount of capital held by
• bl troy in,talmente in the shape of calls.
"110 • .11..0s for Share. and Stock may now be made to the
I tees, 8 and 9, Queen-street place, Routhesso%-
'-te tomtit. c..• where a lull prospectus and forms of
"1 may be had. But It Is necessary that It should be
that no application will be considered unless •
~f it ..n •••a.ii than, or of tlO percent. upon the amount
• ' "' k xtddh f• .r. has been made either to the bankers of the
remora. Boaverie, and Co., No. 1, Pall-mall
.! I, e at the ott,cee of the Coltman . The deposit will be
N't4n4cd 'about deduction If int sot acceded to.

COAL—GEORGE .7. OOCKERELL and Co.
Bed cea% en'y. Cub 2-4.-13. Groh.

fIOALS. The CLAY CRO6B COMPANY
‘l.l ruoply edron from Mob Contort*. at Cla,y Crow —Tin book
squat 6o Wslrs to
at Wo. pow kw ; owoodo, 11W—coolt ow
dotivory.--Godoto to CHILI 011/IC3. 11, 711/11WOOD-PIACA
IMGEWAILLROAD. W.

CARPET CLEANING, Bed and Mattress Purify-
, Chintz Glaring, Mk and llama Dyeing, with every
degeriglo• of Bleaching, charged moderately, and brought to
Mat perfection by the Metropolitan Steam Hintehingend Dyeing
lonnien ee,l7, WLarfaead, City-road, and 472, New Oxford-at.

r PIGEONS.
iIiME HTILIE awl CO , DYEIR and CLEANER&
Dookbead, Bermondsey Loiosokaiparre
Miatelrest. arearesampiera.