The Express.
London, England, 1868-05-22 00:00:00

No. 6,799 .]

-sit: of runriiEr. CAPITAL for the COMPLF.TION of
Ina, constructed under x Contract whereby the Govern-
,. lit of Inilia have ii,frocd to pity for on water supplied for
forming a Quarasitee against loss by DOll payment
: aster.ratea, such works hating also commenced to yield
• ;urn,

• • "
r 1111 E EAST INDIA IRRIGATION and
CANAL CONIPANY,
Imawportteil be gpeetal Act of Parliament, whereby the habi-
-1 :; of ....II Shareholder is limited to the amenuit payable upon
6; alarm, or the amount of his stock.'
ac Il ME OF !CI lONS.
'II V. Attila.% UNDERTAKING.'
-. awl iarue iit,pill of aIAM,OOO, to consist of shares of
a IC, each, and -.Lock in sums vary init from £lO each upwards.
Is posit upon shares L 1 per Owe, with liberty to pay up the
remeininv ail or a lees amidiiit in anyance of calla.
an iipon stork 410 tier deat. up in application, anti the
len...ander within imeiths after allotment.
Intel v.t at lice iii-r Cod. .111 be paid half yearly upon all
deposit, fndu the l-t xt. and upon all payment, •in
advance of veils end is paymeat i•f stoat. made before that day
from the name time; and from the day of puma ut if made alter
that time.
In the allotment of shares a preference will be glycol. those
who shall have pend to lull or tit any tatent in advance of calls.
ditithirrosa
JAME° TIVOMSON, Gen., Chairman.
Lieutenant-Colonel John Grimes, late of the 11. C. I.C.S.
the Ho,. Arthur K Laniard, NI. P.
Lieutenant Colonel William Campbell thislow, late of the
Mysore Cominission
L.,..0..rad Sir George Pollock. G C. II , G
bikithr.ti.v —John Ntestivoial, hag.

A r !titanEll PKOSPECTI-S.
cit minks:ices under which pub eriptiona arc now United
Vas to...pone. to a 11., thee tome of capital, We peculiarly
t • t ..u-nble for mei suds, and preee tit the strongest o Went... 44
Pa- wand :cal profitable chary: ter of the undertakint, to twin-
1. °sr which ah additiotod outlay it reunited.
As the y are now 1.1..ntie.1. and betng conxtractial, the camels
will when cuxlpleted seoordina to the estimates of many engi-
neers most compebbt to tad including tl.donel It tall and
the preomt uhf euelm-er of ihe i'othpauy, convey water fur the
Intgatiob of :axe•.
A.l.•pung a It toporat v reduced rate of charge for Irrigation, and
i • ,t at ing the returns from tiavirai ion at the very moderate total
. per cent upon the eutlay the present chief engineer has Just
• poitaal that Io estimates the returns upon the tidal canal will
at brad 10 per ecnt.', ant allowing the Mali charge 4d 5 per
at far ripaire, maint.man, e. a daiditliment, de., the
• • t morns (dun the Beal 41!. 114 .w to be completed would he
led cent., a by the re. ataldithment of the
it. of nee rupees per acre for irrigation, would be made
b• rent. n. t.
1., e.• a., noires the accuracy of which can be easily
....liar:aril, end any haptiry mate reitardina them at the
inters sill be at ...nee replied to, and every informa-
• ao en
e, pr...nt..1 of an itnnsediate and eatentiee spread of irriga•
. :ma then fore of a a:air/factory increase upon the existing
• .-aee is tight,. enuouniging. Ky repoits rereivel on the
• I the pre•cst month, ant dated the auth March, it ap-
.; ;tat tame had then sn signed, enuttecled with the
•ore e.u.si Mode, leaves pria••ip •Ily for three years)
it . -2e.t...30 aerial . that applications from eulti-
. t land under the tame Canal were beim: received
• . .1 from 5,000 M s,lXtb an es daily not that the na•
a.- e ..itting the smaller channels necessary to cowry the
r ad.!, with earnestnest ; further, that in the yid-
. 1 jet, level Canal meetings were being held by the Zr.!..: and other unmistakeable signs exhibited that the same
, a.... !.• Mfahe there as that connected with the. Ken-
. n.d scans 3 1114.1, •aatt.• r of :4 414411 tilllr. 31141 that
• • 0. •otia ,eson large .1•••• ands will be nut+, fur water.
• t i41144414.•re t anal the ,fleet of the reducti. oi of the
- • -• ha, not, at the end of March, been time uttghly
•• o I. isx-am.e the imgating portion id that canal bad

r -,,ette time plevio.ts for constructinn purpoces,
tt tnlf )44.11 reopened, but the chief enginoer of the
the cxeentise come. r In charge repotted that
... r, in to the 4.0 o aerie supplied
itcod idol wore confidently expected to ho
• I. -.lc
, .mealyconstrnt ted have new entered upon their
1... :no: they ..Lie to capitalists not only a safe in-
, .•. ••.; ~1.I• w hip h vvti!. most assuredly, be very profitable,
. !toy: it nt ty added, as confirmatory of this
; •... ;I.:, pr. yet. that the portions of the works now in
• . be..scut 01, c,ntsistlittr nnibily of channels
• • • ; .it of the water, will net be the easiest
. • will as the moot pr iduetive. and will gild

11;.. pet rente.e of r. turns no the whole outlay,

• • - • • .tti ll...cleat ore of i-reat imp r: once. whicl you'd not
. • ..e.videratt,u of the Illness of this undertaking
• ~:In tlic contract it is evitrevsly provided that
• , pail for the water supplied for irrigation
by the cultivators themselves—but by
: • . • t of India. and that the price to be so paid 1•y
• h• the l'.,:tipany for such water shall be the
. and shail lie fixed so as to Tepee-
: for the water to the parties using it. With
• • •iipn'.atiou. it Asa been twknowledged by the
they alone are liable in respect to the non-
' , fee vutipi ie.!, so that the temp •ny are released
• to loss of any portion of their water
• . • . •.f tho foregoing arrangement as hardly be
1.4111111 g WI it does a certain and safe guano.-
.
• , • i••r every pinion of the water supplied for
. .

• • •.. 1. •. rmined by the directors to limit. at any rate
• • ••i. :lie cspenlature to about £130,000 per
. • ••. „i• 1 iiabled to note ell future can; small in
• ,; elated per,. pip, not evcce.lll4.l on the
. • • 1.. n .'.,ring vil, year; at the same time they are
• • • 1: •-: It .••rporation uric the required capital
• • • ! • - r,l ilO roll. and partially in sto•k
• - • item Co upwards a phut is Melt will
- •• • • el Coos.: w.ln desire to limit their liability
: • .• ,o • eta. ~ti.l to be relieved from future calls. and
pin(gr to pay the amount of ..apital held by
, • .•.•1.1110. eta ill ti,' sham: of calls.
i• • i .1- shares and stoek may now he made to the
• • , s and v, tnieett•strect•plaee, staithwark-
• ..L. I. Wit no a lull primp:eta- and forms Of
. 4) 1.2 !14.1. But it is ise.essary that it should be
• . t 1..: 1,.. unpin:l6.n will be considered unlessa
. t: ea. di share, er of tlO per cent upon the amount
d t..r, been made caner to the bankers of the
• ••• •-.• Isoivel ie. and , N. 1. rail mall
• :1 • •.n.c., ..t the c...proly. The deposit will be
s • '. •••t ii the application i ; not acceded to.

' .• •I I V the v;,,vvrait nt of fuilia. the. We have
Edgelile 'the Pehar aa
• !•,••iler, in 11..114 to which private capital ahould be
- • • v.-iro,vnt have Low azreeil to pay for all water
.• I i•) :h.- einpany, tiny participating in some of the
I• vn,•,l n!ter pv-r out. 411111 have bvva TeCCilrd by

• •••••••• • -
E.IST INDIA IRRIGATION and
PAN AL (IiNIPANY.
~• ',pedal Act of Parliament, whereby the liability
• •aarehald,r. i. limited t the amount payable uptm his
• a•nount • f Id. mnek
I Nt ENDED m 'II EMI:.
" 1111: 11E111 It UNDERTAKING."
' , • I 'l.l V lb, vPllgrti.,7l has ing Ewen made. and plans pre-
; a ,•1 pr., rot I,i' Innirillate construction.
' , • . • for the Mbar Undertaking, A 1,0110.000,10
1 r..ch, and tork in ruins varying from £lO each

•
ly • .hang Z 1 per share, with liberty to pay up the
"'m I."' or n amount In advance of ca!la.
•••rt upon stock CIO per cent. upon application, and the
• • . • ••• r witlioi three month' iif the allotment.
• •• • • 't ut hive per cent. wi I he paid upon all depWt• from
i •• • 'ls n'•et, and upon all l'eymente in advance of calls
••• ••• oi•olit of Pt.t..k. made before that day, from the name
•.'• from the iley of pal meat, it made after that tne.
i' tlo .illotment of ,hares and stock, a preference will be
••I those who shall hate paid In full, or in advance of calla.

1"." told Officers the same as set t..rth to " the 'Deism' "
wivertisemeut.

A ti RI rgi ry.Tus.

•
great value ands promising nature of "The Behar rn-
d..rt..,king," sscured emitroct to this Company, have, dur-
the last eight or ten years, been so well and favourably
dt••••11,...,1 in England ate. tht.onthout India, first by the
1..,v0n1111.111 and then by the Company's officers. and are now
M. gen,•rally known that Huy Ntltenient which the Directors
nought noon the subject would be superfluous ; they, there-
...re, limit themselves to an wourance that they are satisfied it
presents a safe, 1.04061. and profitable Investment : and unhesi-
tatingly solicit subscription, mounts the requisite capital: at
the same time they quote, as coulinnatory of their own 'wig-
orient, the following.
Finitly. An esti mi. from a despstch to the Secretary of State
in council, i:ated idth March, joi, recommending that the
Maim. ',mai Project shmild be idven ton private company.whlch
despatch us, Wetted I.) the late Lord Canning as Governor-
General. and by Sir Henry Hartle Frere .since Governor of Bom-
bay, fool now a Member of the couloil of Indi• In England , stir
afterwards Lleutritant•Gosernor of lineal . Gene-
ts] Sir Robert Napier non commanding the forces In Abyoktia:
`sot oel Ltiug, Esq., M.P. .then the Finance Member of iktuncri
t and the lieu W. Ritchie— being the whole et the
1. ernm.•atal Collodi, cis.
• His Howler the Lie utenant.tiorerner consMers that it ',the
—one I 'sm.' Project' holds out better prospects than the Orissa
•• and (hot it would he good for both the East India In-I-
(....ParY and for the country if the Company were to
this ic.ttvul of the other: but the projectors prefer that
• sally ...listed by them.
"tt c hare long rezirded this 'thane as one ol all ethers, in
ultich pirate capital should be invited.
to I' this advantage In Government taking the titillative
m
,ing tio• great worts of the country, that they are so
i • • -1 b ..se the public that they can he discussed In the light
• kno, ledge and rtperience. The only drawback to doing
:he risk of misleading capitalists and raising mistrust, of
o.• • •itneet
:Le pre,. tit histanec no such risk need he apprehended,
L, evident tlirmighout Colonel Dickens' Report a inset
• LvollA ..11.:CAVOUr to anthipate the urasimnin cost of the

• Two paragraphs from a minute recorded by Mlr
' .-ant when Lieutemoit.Gosernor of Bengal, :
province of Behar. which would be admiraldy
Dickens' projected canal from the Saone.
' • • w..uld certainly be very much less,than at Cutback'.
• amts may reasonably be expected to be much more
••' we know. es a fakt, the value of irrigation In
is better. end the natural rainfall is less by half
• •n 4v1.1,4:m and ankh less certain in Behar than In Cuttack.
' tduable crops are not the rain crops in Behar, and for
• • •o-, crops there It is found by experknee that ex.
ierhotion pays. which hasped been proved by cape-
t I. the oerieril ram in .ni•ra.
• ..rat at, to reememend this enterprising Company, in whose
• ry pet -on connected with India must feel deep into.
' Captain Db•ltens' scheme of Irrigation front the
1.. wloh h enmpl,te plans and estimates are available, and
"l a:allot but the sonny."
ti. • ....toted with the Government the Company are on.
• '•1 end retain all profits from the sale of water for
until the dhiderala paid to shareholders ahall exceed
my r upon the b.t4l expenditure made, after which
inch profits is to be divided equally between the
the compi.ny. The retort's from all other
55, to tiehour a.. the Company exclusively.
1..-we .4 works to be ese,uteit has now been thoroughly
!_,..sficsted an.l carefully re-planned on behalf of the Company,
.° ra.rtsculart snhanitted to and approved by the Government.
teat tbele will be no delay in making preliminary survep,