The Express.
London, England, 1868-05-18 00:00:00

LitIVK of IrCIITIIIR CAPITAL for the cot, rummy of '
WORKS constructed under a °attract whereby the °ovens-
went of Untie have agreed to pay for all water supplied for
Irrigation, forming a kluarantee against tom by nonpayment
of water-rates, such works having also commenced to yield
returns.
THE EAST INDIA IRRIGATION and
CANAL COMPANY.
(Incorporated by Special Act of Parliament, whereby the liabi-
lity of each Shareholder Is I.mlted to the amount payable upou
Ins Shares, or the amount of his Stock
slat OF °PLR ATIONS.
•' TRH 9RISsA UNDERTAKING." ••••
Second Issue of capital of L 1,000,000, to comb. of shares of
£lO each, and dock in sums varying from Alit each upwards.
e=it upon Shares LI per share. with liberty to pay up the
ng.t9 or a less amount in advance of calla.
Deposit upon stock glo per cent. upm application, and the
remainder within three months after allotment.
Interest at Lyre per Cent. will he paid hit-yearly upon all
deposits from the 14 July next, and upon ant payments In
advance of calls and In payment of stock) made before that day
from the same time ; and from the day of mould if made alter
that time.
In the allotment of sharps a preference will ho given to those
who shall hare paid in full or to any extent In arty ince of calla.
DIRUCTOMM.
JAMIN THOSIsON, Eat., Chairman.
Lieutenant-Colonel John Orioles, late of the ILK I.C.S.
The Hon. Arthurliinnstrd, M.P.
Lieutenant Colonel William Campbell Onalow, late of IS.
Mysore commission
Venetia Sir George Pollock, O c.n . he.
bIeCUETAMT —John Westwood, Seq.

ABE fit /NI) YROOPECTI'S.
The circumstances under which enbicriptione are now invited
by this Company, to a further issue of capital, uu peculiarly
favourahle for Investors, and present the strongest es (deuce of
the sound and profitable character of the undertaking, to com-
plete with h no additional ...tasty h. re mired.
As they are now planned, and beteg constructed, the canals
mill. when completed according to the estimates of many eugi-
asses most compercitt to judge. Including Colonel Randall and
the present chief engineer of the Company, convey water for the
lighration of about 700.0e0 acres.
Adopting a temporary reduced rate of charge for irrigation. and
°etiolating the returns from im vigation at the very moderate total
03 per cent. upon the outlay 'the present chief engineer honked
reported that be estimated the returns upon the tidal canal will
Jr at lead 10 per cent. , and allowing the high charge of (s per
rent for repair., inalutenanste, establishment, de the
set returns from the sections how to be completed would be
hlwasether 12 per cent., which, by the re-estaWishment of the
origin; I rate of five rupees per acre tot Irrigation, would be made
ep to II per cent. net.
thew ore figures the accuracy of which can be easily
nondrate.l, and any inquiry made regarding them at the
'Meet will be at once replied to, anti every informs.
_,:en
'I:, • ssrostpect of an immediate and extensive spread of brio.
,C 0 I therefore of a antlafactory increase upon the existing
retsro., Is highly encouraging. Ity reports recelvei on the
:4•1 the present month, and dated the 30th March, it so-
ya, ,t there had then been signed, connected with the
it•seir 'ls rat l'anal alone, lease, ,principally for three years'
i,d old 2t1,01.0 AVMS ; that applications fnim eniti-
sat • • f land under the eamc Canal were being received
t',.: .•4 from tOOO to 5.009 acres dolly : and that the na•
rutting the ani,iller chtnnela necessary to convey the
vs; :•, t!e-ir delis with csniestness ; further, that in the via
: the II igh fa:vel Coital meetings' were bdrgheld by the Ze-
,.„: 1.1. and other unmistakeable 'Urns exhibited that the same
, i•• ~Lite of affairs there as that connected with the Ken-
t, 4.0wl lIOLA a ister, matter of a short time, and that
he e• 'cuing rsersin large de rands will be made for water.
•. it,, Molesopore canal the effect of the reducihm of the
, hat not, at the end of March, been thoroughly
is•cause the irrigating portion of that Canal had

(Ai116416 pßiiiiiiiirs.)
Capital .11200,000, to 20,000 nhares of Lle each.
Deposit no Application, gl ; payment on Allotment, £2.
The payments of the further instalinen4 are Axed as %soder :
I st July, 180 e £2
lst August, 1068
Ist October. tom
Interest at the rate of 5 per cent, per 'nouns will he allowed
ou payments In advance.

street.. KC.
INOVlNip!—plr Charkmßrlght. M. P,

Westminster.
SRCRP.TARY—Mr. John T. Hurt.
Mess-87. rsimerston-ha 1,14 Dread-street E.C.

I, • , for *doe time previous for construetinn porpoises,
an : I tl., ,i only Levn se"pened, Lut the chief engineer of the
, this eNeentiee engineer in charge reported that
npp:' tor wit r, in addition to the 4,0 0 acres sapptled
I. onimenced and were confidently expected to be
• is . .

, :on.sdy cau•trrieted have now entered upon their
and they offer to capitalists not only a safe fa-
ir,- • at, t,:tt 4.11 VS hint sill. :Just a4suretily, be very profitable,
• . 4 ..•,•1 •hol,- it ilmy a.bitsl, as euntinnatory of this
•-: Jtoni••11 d. poopert, that the portions of the works now in
1- t" rut-iAting mainly of channels
1. • .h.:,o.tt i••• 1 of :der, will necessarily be the easiest
.4 • • ',ls s,•11 .it the most productive. and will add
-.•:is • :he Pet-co mast of retunis on the whole outlay.
t.... f.•:,ture of great importance, which mustnot
a, tit.• ion of the fitness of this undertaking
1... • ontravt It is expressly provided that
th apo .ball 1.. i• .si for the water supplied for irtigation
by the cultivators themselves—but by
.............,t,t of .: itiol that the price to be so paid by
.ta• oft t 1..• lapany for such water shall be the
pro, h.:l- 11. ton and shall he fixed so as to repre-
sent A tA:I .:z.• .r s..ter to the parties using It. With
eel. nm, I.• lAN `t11,111.111.41. it has been acknowledged by the
•.1 that ale liable In respect to the non-
pa) , .t I .: sat. r 1..3 that the Company are released
11,021..:1 I.- Nal•tilts loss of soy Portion of their water
rot. I 1., -1 t f..reit“isg arrangement can hardly be
in.- ! ;.rte ..1. t..rt:.•...g as it den a certain and safe itineran-
te.. •• :• at for cvery portion of the water supplied for

1.) the directors to limit, at any rate
• t I,r , • two liture to about 0130,000 per annum,
. ~ : , t.• muse all future calla small in
at r. gol.tr ,tated p. rinds, not exceeding on the

. .
wb ; r rArli year ; at the same time they are
• •! tet •rp,•ration to issue the required capital
n..• .1 .o of LW rack and partially in stock divisible
n..rung to as .tlu upwards--a plan which will
thos, at." desire to limit their liability
.4 on. e nnd to be relieved born future calls, and
• 1. • ent) pt. I-c t.+ pay the amount of capital held by
•• • • . I....talmettt4 in the shape of calls.

• -t. for Moire% and htoelt may now be mode to the
• ..• mid U, Qucen-street-place, Southwark-
:li 1-11. , where a full prospectus and forms of
• In- !col hut it ix neeeaaary that it should he
i thst no application will be considered unless a
• t I ••1. cseh ihnre, or of LIO per cent. upon the amount
• .10,1 for, Itt, been made either to the bankers of the
• : Itannotn. Ltouverie, and Co. No. 1. rail-man
• i the oftices of the Company. The deposit will be
•• • • n bout deduction if the application is nut acceded to.

a by the linveratuent of India, thn■:—" We have
this ereat scheme (the Nehar Undertaking) as
1 ,!I others lu Itcl:4 to which private capital should be

I' the rietiliaol, they partidpatlni in /10T013 of
.4t • -.lists! alter 24 per cent. shall bare been received by
EAST INDIA IRRIGATION and
CANAL COMPANY.
.t.sl by Special Act of Parliament, whereby the liability
•h •h.rehol.ler is limited to the amount payable upon Ws
r • the amount of hi. Stock.'
INTENDED SCHEME.
THY. ItPIIAR UNDERTAKiNG."

...... —....—.
• looinory Inst,tigation hasiug hien made, an I plans pre-
and appr.osc.l for Immediate construction.
of capital for the litho. Undertaking. 1;1.000.000, In
£lO cacti, and stock to sums varying from £lO each

ANGLO-MEDITERRANEAN TELEGRAPH
COMIPAN .

Lord WILLIAM RAY, M. P , Chairman.
Mr Jame* Amtenon, Marmabis Director.
'Mons** Itraaary, Jun., Eau., 4. Great George-treed, West-
m I niter, Y.W.
Ralph Elliot, Eau., 31, Ctie.teraquare.
Cyrus W. Yield, Mq.. Director of the Atlantic and Anglo-
Amelican Telegraph Companhs.
Philip Rawson. hay., Deptity.Chairman of the Union Marine
Insuranre Company.
BA natisis—Mesars. Ulyn, Mill., Currie, and CO., In, Lombard-

~.
SoLicrreas—Messra Illretlara and C 0.,„ 46, Parliament-street,

This Company has been formed Li the purpose of ivroridlat
a direct and thomaghly efackmn a! Hoe of telTh to Egypt

A contract had been entered Into between the Company and
the Telegraph Construction and Maintenance Company for the
purchase. In perfect working order, of their special land line
from Sum 'where the French telegraph lines terminate: to
Modica, In edgily, a distance of about 1,300 mile& This line,
which id sow on the point of completion, has heen constructed
under a concession for forty years from the Italian government,
and will be worked throughout by the ICtigilali clerks of this
Company.

The contract with the Telegraph Constrnetion and Mainte-
nance Company also provides for the reeking, laying, and de-
livery to tins Company in perfect working onto•, within four
mouths, of a deep-sea telegraph cable capable of transmitting
mosssges at a speed equal to the existing Atlantic cables tali by
them, hiring an external covering suited to the known require-
ments of the Mediterranean bed, from Malta to Alexandria 'a
length of shout 900 nautical miles', where it will he connected
with the existing land lines to Cairo and gnes, and includes a
wor►iag arrangement for recurituf to the Company the trans-
misaton of the through traMe between the Preach frontier and
Nees. The contract *Mira' the contractorsto maintain the Cable
in an efficient state for twelve months.

Ity these means a substantial part of the direct telegraphic
line from England to India recommended by the Parliamentary
Committee on East India, communications will be permanently
establish.4l. That this rou eto our Indian Empire will soon be
effected there can be no reasonable doubt.

The permanency and effickncy of deep sea Telegraph Cables,
when properly manufactured and laid, is now well 4atablished,
and the English Government have promised, bo considerttinn of
an annual payment of £2.000 fora term of fourteen years ;to be
made by th.a Company; to pick up the present Imperfect COMMU-
Meat:lon by the Shallow Water shore Line between Malta and
Auttandria, and that so long as this Company's Pile is effici-
ently worked they will not Icy any competing line from Malta to
Aletandrla. _ . . _

i1;7.;; ;to be paid for the making and laying of the Deep Sea
Cable, for the purchase of the Ind line. throneh Italy, and the
present tutereata to the extetlng Malta Alexandria, line, I.
£24%.090.
_ . . _

TheeutaUng telegraphic communication between Sicily and
Malta is by a cable belonging to the Mediterranean Vatension
Telegraph Company, with whom a tariff for the transmission of
through messages has been agreed. and neiotlations are now
pending for laying a duplicate cable between those points. The
Telegraph Constriction and Maintenance Company have agreed,
if required by this Company to ley the duplicate cable and also
a duplicate line serves the Straits of Messina ;undertaking to
maintain them in efficient working order for mays Elontbs) tor
the sum of £lO,OOO.
Basing the calculations of the returns likely to result from this
Company's outlay (assuming that outlay at £200,000), upon the
results obtained from the working of the present blahs and
Alesandrlaline,•net dividend of l 5 per cent. (after providing for
all working expenses, Including the annual payment of £2,000 to
the English government) may be looked for.
It is intended to reduce the tariff for messages over this Com-
peny's HOES. All esperMisce shows that each a step tends not
only to increase traMc, but also to augment the gross receipts.
of the soundness of this view the Atlantis Telegraph affords a
striking and recent example.
The profits of this Company will be very largely increased when
the submarine line fn•m Suez to Aden and Bombay is

expresso will be limited to theactual costs of
the formation of the Company, without any charge whatever for
promotion money.
Copies of the articles of association, contracts, and conces-
sions can be Inspected at the office of the Company's solicitors,
Parlimentestreet, Westminster, and all applications for and
allotments of shares will be considered as subject thereto. If
any payment on the shares allotted Is not duly made, the pre-
rims payments by the allottet will be subject to forfeiture.
Applications for shares must be made to the Bankers, of whom
prospectuses and forms of subscription may be obtained.
Subscilptions have already been promised for L 191,000, and no
further applications will be received after 4 o'clock on Monday,
.•oernment have now agreed to pay for all water I theTle4Preh
. . .- - tlay IS, lned.