The Express.
London, England, 1868-05-20 00:00:00

It 1,1 Is. ers deternMed by the directors to limit, at any rate
I. th. the expenditure to about t 130,000 per samara,
0! tiny silt In• enabled to make all future calls small in
nuular stated periods, not exceeding on the
• ; during each Year: at the mine time they're
•...• • • • 11.. tct ..1 I ncorporetsou to issue the required capital
of 010 each, and partially in Nock dMeible
•t.ll-)ius trues Llo upwards—a plan which will
• • -,,,.ioirone of those who desire to limit their IlabWty
• ~•• • .a, .Lt once and to be relieved from future calla, and
• who may meter to pay the amount of capital held by
I • . 5.5 indalnivata in the shape of calls.
. ; be Shares and Stock may now be made to the
•• •• S.-) • inns and 9, gneenutreet-place, Southwark-
. where a full prospectus and forms of
011..0 had. Hut it I. necessary that it ahonld be
—l-1 that no application will be considered unless a
• ach share, or of £lO per mut. upon the amount
. • . ....m.11,1 for, has been made either to the bankers of the
• Ransom, Bout erie. and Co., No. 1, Pall-mall
• • d ofnees of the Company. The deposit will be
I • enlieut deduction if the application is not acceded to.

wytenti...l by the Goverarneat of India. than:—" We have
• o cnnle.l this great scheme .the Behar Undertaking) as
•• 4 others in India w which private capital should be

• eminent have wow agreed to my foe all water
I' the company. they parthipatnß la some of the
eke le per cent. shall have bees received by

Ili 1 INDIA IRRIGATION and
CANAL COMPANY.
• , •1 by Special Act of Parliament, whereby the liability
• ! ,barelinbler is limited to the amount payable upon his
• the summit of his Stock. •
INTENDED SCHEME.
•' THE HEHAR UNUERTAKINO."
' ioninary investigation Using been made, and plans pre•
and approved for immediate construction.
• t nsne of capital for the Behar limit:risking, X. 1.000.000, in
cseb, and stock in MU= varying from £lO each
- • •

...•t upon sharea LI per share, with liberty' to pay up tM
• co or a bus amount In advance of calls.
'll.ll stock LlO per cent. upon application, and the
withal three months of the allutrucut.
• •A at live per cent. wi Ibe paid upon all deposits from
• 1114 nett, and upon all payments In advance of calls
p.iynioit of clock, made before that day, from the came
ao.i from the day of payment. if made after that tune.
.dlotinent of abates and stock, a preference will laa
o. threw who shall have paid In full, or in advance of calla.

1 i. r, and Officers the same as set forth la " the Oriqu "
tak ins advertisemeut.

ABRIDGED PROM'ECTUS.

I Ste in.nt valtiai;n7p7Onddai;ullur;of " nie Behar
Jong." secured by contract to this company, ha'e, dur-
the last eight or ten years, been so well and taeourably
• 0v...1 in England and throughout India, ant by the
..tonwrit sod then by the Company's °M -re, and are now
.Nlierally known that any statement *hid' the Directors

.--...—.
.stnadd Upon the subject would be snperfitious: they, there.
le, limit themselves to an assurance that they are satisfied it
c-sente a sate, sound, and profitable bivestmeut ; and upbeat.
titisuly solicit subscriptions towards the requisite capital; at
same time they quote, as coufirmetory of their own judg-
ment, the followieg :
Firstly. An extract from a despatch to the lieeretary of Mate
in Connell. dated 10th March, ltitt2, lecommidulinis that the
hawse Canal Project should be given to • private company,which
dmpatch was signed by the late Lord tannin as Governor.
I:corral. and by sir Henry Bartle Yrere ;lance Governor of nom-
and now a Ifenaber of the Council of India In Entrlsndi Sir
'ecil Beadon afterwards IhrutenantGovernor of Bengal% demo.
oil Sir Robert Napier now commanding the forces In Abyssinia),
motel Laing, Let M. P. .!thsn the Finance Member of Council
•.t ladle, and the lion. Bitchie—being the whole of the
•eertiniental Council. viz. :

His Honour the Lieutenant Governor considers that It ;the
~4.• Canal Project, bolds out bat, r prospects than the War
h. ow. and that it would he good for both the Fast India IM-
P... Company and for the country U the company ?ter! to

it this iiisti;ad of the other but the proJecto-r;Tieferlbei
sekrted by them.
A • helVt• lung regarded this scheme as one of all others, in
to which private capital should be invited.
lhere is this advantage In Government taldng the hiltiative
• Liming the great works of the country, that they are so
• .1 Niece the public that they tan be discussed In the light
know ltdge and experience. The only drawback to doing
• 0, the risk of misleading cspitalish and raising mistrust of
ins...meets.

1:: the present instance no inch Hat need he apprehended,
i.evidetat throughout Colonel liickena' Report a meet
endeavour to anticipate the noutinnun cost of the

*econdly. Two paragraphs from a minute recorded by Biz
•• ill %lieu Lieutenant-Covernor of Bengal, :
magnificent province of Behar, which would be adralrably
" • by Captain Dickens' projected canal from the Bonne.
•a 1,. re w..uld certainly le very much less than at Cuttaek:.
tk‘: 1, turns may reasonably be expected,to be much more
' o• . la,anae we know, as a fact, the value of irrigation in
' The soil is better, and the natural rainfall is lees by half
...n utvrage, and much lees certain in Debar than in Cuttecit-
%aluable crop. are not the rain crops in Behar, and for
hoot valnable crepe there it Is found by experience that ex-
•irrixstion pays, which has not been proved by eve-
', to be the general case in utia.
•I v,nture to reemereend this enterprieing Company, in whose
••
ry person connected with India must feel deep late
'no.. c
Captale Dickens' scheme of irrigation from the
t
tot which complete plans and estimates are available, end
wanted but the money."
„1,1 ,onirnet with the Government theiComPaliff eh'
ul lo revive and retain all profits from the sale 4„,orater for
.•
'"`"lbot. until the dividends paid to shareholders Wall exceed
Per cent. upon the total expenditure made, after which
',lane, of midi profits la to be divided equally between the
.•., erlda.-nt and the Company. The returns front all other
• • • to belong to the Company exclusively.
here. of works to be executed has now been thcroughly
eaten .
nted and carefully re-planned on behalf of the '
segmental submitted to and approved by the Oe