The Express.
London, England, 1868-05-16 00:00:00

ABRIDGED
.I,c circumstances under which sub criotions are now invited
. this rin to a furtlwr Wane of twadtail, are necsdiarly
• ....ratite for iiiviator, and present the strongest o,lkieme of
• sound lttill protitaiiit• chin...ter of the undertaking, to coin-
;.lete whit h an additional outlay Is retn:lsetl.
An they n, now pl.mingl. and being constructed, the canals
will, when rolipleted :icconling to the estimates of many enni-
-ens most competent to judge, including Colonel }Wads]] and
• . ',resent chief engineer of the l'uninany, convey water for the
,cation o! about 700.000 as res.

....
‘.l•.pting a temporary reduced rate of charge for irrigation, and
. • int; the return' from navigation at the very moderate total
• r • , trt. 11;w•ii the outlay the present chief engineer hasjind
• rt•.•l t.M.t he estimate. the returns upoe the tidal canal will
,••.,L :0 per tent.., and allowing the high charge of per
.r repairs, 11111 iLI I VIIMIce, estat•ii9,llllClit kc.. the
A. 111,1 from the ',rains.. now to be completed would he
. iL rl2 per re:A , width, by In, re.c.taldishment of the
ftt, rules. per ~re for in igation, would be made
r•• I 0...111. net.
:•,. ton,r,, the accuracy of which can be malty
•I. inquiry made regarding thew at the
, • tp,o, will ,•to at once replied to, and every hiforma-

t immediate and extensive eproad of iniga-
t Imc of a satisfact,.ry increase upon the existing
MOO). criomirsging 11 reports received on the
.I i,owut month, and dated the aotli ilarch, it ap-
.. • ~! hail then ham signed, connected with the
, • . anal alone, leases principally for three years;
••••acres : that applications from culti-
undo; the Canal were being received
, ,•. flora 2 .100 to :..WO acres daily , and that the na-
tbo smaller chantie:s necessary to, convey the
•. • . a ill earnestness. further, that in the ski-
! m Lexcl 'anal meetings were lasing held by the Ye-
otlu umnistakeable slam exhibited that the same
-• ~t•• -f at!..:ns there as that connected with the Ken-
. . • •, i w.: a mere matter of a short time, and that
• •o•:oc !ii large densands will be made for water.
, • ‘,J o•
! canal the iffvvt of the reduction of the
• h ! n t. at tho end of March. been thoroughly
• • t 1.• imesting portion of that calla had
••• ,t• ••:,,, Line previous for construabm purposes,
• oh in, n reopened, but the chief engineer of the
. s uttie engineer in charge reported that

. ~.• f• i satyr, in addition to the ♦,O 0 acres supplied
• .• u ••1 and were ,•cutdently expected to he
. . . . .

coly .untructed have now entered upon their
:hey otter to capitalists not only a safe in-
wit!, mo-t iisxure,ily, be very profitable,
. ! 41.1 y he added, as confirmatory of this
tl..t the portion.: of the works now In
.• • !• • :••• consisting mainly of channels
•• .. .4 • water, will neck !surd), be the easiest
„ as the most productive, and will add
of ri.turns en the whole outlay.
• • •• iturcotrreut inip4rtatice,whlchniustn(,t
t. • . • .. ~:• rati,.n el the fitness of this undertaking
. ontr,Lct it is expressly provided that
.t t• i• the water supplied for inigation
1-y the cultivators themselves—bnt by

: . • that the price to be so paid bi
• • • • Any for such water shall be the
, • • • • • • • and shall be fixed SO as to repre-
• . • to the parties using It. With
•r• • • .11 11 has been acknowledged by the
• • d• • ,I•• liable in respect to the non-
,
• ! ;tr .1. that the Cornp•thy are released
• . . • t.• loNs of any portion of their water
, .• arrungentent can hardly be
. I .r. o. a, it does a certain and safe aran-
y portion of the water' supplied for

• • • Iln directors to limit, at any rate
• • • midair to about g 130,000 per annum,
•• ••• • ~ -ibd to make alt future calls small in
••, .1 '4:0,1 periods, not exceeding on the
• • .
.-ar , at the same time they are
• , • . • ..1 Niue the required capital
ilo ea.h. and partially in stock divisible
• . kn. upwards -a plan which will
• . • . tines who desire to limit their liability
...A to be trlicred from future calls, and
• 1,-r b.pay the amount of capital held by
-..! ON in the shape of calls.
• -r L.c E, and Stock may now be made to the
: - • ..id n, Quit en strect-placc, Southwark-
t.. abcre a full prospectus and tones of
1,•.l llut it is ileces.iry that it should be
..,1 anon will In, considered unless a
••,. • 1,1. ire, or of £lO per cent. upon the amount
~• .1 1.. r. h.s heel, made tither to the bankers of the
• ikon eric, and Co., No. 1, Pall-mall
• •t :1••• of lbr company. The deposit will he
• •• ,:1. 'at dr.l.:tion if the application is not acceded to.

I. ,1 by eh.. I ii.vellifilent of Italia. thus:—" We have
cat scheme 'the tlehar Undertaking' as
iu India to which private capital should be

••••,. time, t have now agreed to pay for an water
!‘ the they participating in some of the
.1,...,1 altar 20 per cont. anti! have been received by
.
ri'llE E.IST INDIA IRRIGATION and

CANAL COMPANY.

• !• .1 I.) 9pH.1;:l A44 7.lFLll.;;aeui, whereby the liability
•,:,n hnld,•r is limited to the amount payable upon hie
tk. iutionot of his stock.
INTENDED INCH EM K,
" THE BEHAR UNDERTAKING."

.::try investigation haring been inade, and plane pre-
approved for Inunediate construction.
.4 capital for the Behar Undertaking, g 1,000,000, hi
• !o each, and stock in sums varying from CIO each

shares Cl per share, with liberty to pay up the
- a'...r a less amount in advance of calf&

tint; aiiiicatlan. and the
r xit hin three month• of the allotment.
•- -

• al Five per oent7;i'l be paid upon all deposits from
July iiett, and upon all payments In advance of calla
of stock, made before that day, from the same
Irmo the day of payment, If made after that time.
“11..tnient of shares and dm*, a preference will he
!•. thu.e who shall base paid in full, ur in advance of calls.

un.l ()therm the same as set forth ht " the Orissa"
wivertlsemeut.

ABRIDOEU PRO.,PECTUS.

of value and promising nature of "The Behar Un-
• . secured by contract to Ude Company, have, due-
' -• the last eight .r ten years, been so well and favourably
nowt' in England and throughout India, first by the
vernment and then by the company's officers, and are now
• generally known that any statement vtlakh the Directors
.ght add upon the subject would be superfluous: they, there-
limit themselves to an assurance that they are satisfied It
;resents a sate, sound, and profitable investment ; and unhesi.
tatingly solicit subscriptions towards the requisite capital: at
the same time they quote, as confirmatory of their own Jude.
unlit, the following:
Firstly. Au extract from a despatch to the Secretary of State
Council, dated 10111 March, lba2, recommending that. the
• site Canal Project should be given to • private comnallY.whieb
• 'patch was signed by the late Lord Canning as Governor-
,- nem/. and by Sir Henry Bartle Frere since Governor of Born-
and nnw a Member of the Cuuncil of India In England, Sir
•• , Hendon afbrwanis Lieutenant.Uovernor of Bengal', (Sena-
.. NI Kobel. Sapicr now commanding the forces In Abyssiaia,,
Laing. }'+qll.P. !then the Finance Member of Council
to tic. and the Hun. W. Ritchie—being the whole of the
Council. viz.:

lionour the ileutenant-Governer considers that it (the
• 0, Canal Projeetl holds out better pros than the Orissa
'-• • mat that it would be good for the East India
—inpany and for the couutry if the Company were to
• IA till,,dead of the other; but the projectors prefer that
C-4 ••• haled by them.
• h.s• taut regarded this scheme as one of all others, in
1. al 1.1, private capital should be Invited.
advantage In Government taking the initiative
I h.. great works of the country, that they are so
! ••4 the puble that they can be discussed 111 the t
..iedge sad experience. The only drawback to
• , ,d miileading capitalists and raleing mistrust o
a-,•
••.laents
• • pr,--eiit instance no such risk need be apprehended,
vsident throughout Colouel Dickens' Report a most
-.• endeavour to anticipate the raarimura cost of the

• Two from a minute recorded by Bir
whru Lieutenau vernor of Bengal, viz.:
I I' na.runt, ent province of Behar, which would be admirably
raptain Pickens' projected natal from the Bowie.
• Cr would certainly be very much lese(than et Cutteele.
otones may reasonably be expected to be much more
r aaahe we know, as a fact, the value of irrigation to
...di as better, and the natural rainfall is lege by half
•", ac•-. and much lees certain in Behar than in Cuttack.
• I.le crops are not the rain crops in Behar, and for
, n•-• 1 acimatak crops there it Is found by experience that es•
witmtion pays, which basset been proved by eve-
,' t'' 6"11, cent-al case in a whet.
• t., recommend this enterprising Company, In whose
,;., • sk moll connected with India must feel deep into-
t"Captain Dickens' scheme of irrigation from the
!,
.14 la caamplete plans and estimates are available, and
or. a! but the money."
.a.l with the Government the Company are en-
•• t. • • u••• and retain all profits from the sale of water for
I L.:. Ow dividends paid to shareholders shall exceed
17. V" ot upon the total expenditure made, after which
Of such meta is to be divided equally between the
~„,?'N'ot Qui the Company. The returns from all other
t4' kmlone to the Company exclusively.
..vollirated an
tett. of works to be executed has now been thoroughly
d
asd caretuDy re-plinnod on behalf of the Gompany,
Sidnaitted $9 sod epproyed by the Oeyernatest,

•I.K