The Express.
London, England, 1868-05-21 00:00:00

ANOLO-NiEDITEItRANEAN TELEGRAPH ISMn et TtritTETR CAPITAL for age commarteet of
com PAN Y 'limited,. WORKS constructed umber a Contract whereby the Orririgis-
, A Bit I leta KD Pitthir KC-ICS. ) siert of India lame agreed to pay tee all water supplited for
Imigatlon, forming • °marmots° against lout by nom-paymest
Capital e.2A0,000, iu 26,000 Shales of e.lO each. et water-tutee, such erects having also commenced to ylekl
Deposit on Application. el : payment on Allotment t 2.
returns.
The pmmente of the further instalmenle are reed as under:
let July, how tt THE EAST INDIA IRRIGATION and
Ist August, 16E8
let Ucteber. loud
Interest at the rate of 5 per cent. per annum will be allowed lily of each Shareholder Is limited to the amount pantie upon
on payments In advance. his Shares, or the amount of his Stock ',
niaterents. SCRIthIE OY OPERATION&
Lord WILLIAM HAY, M.P.. Chairman. .1116 011114 SA UNDERTAKING.'
Sir Jthwe Anderson, Managing Director. fleeend Woe of capital of £1,000,000, to cosset of shares of
Theenee Brame?, (ma, Km., 4, 'treat George-street, West- £lO each, and stock In sums varying from £lO each upwards.
minter, S. N'. 1 Deposit upon Shares £1 per share, with libel ty to pay up the
'Ralph Elliot. EN .11, Che ter enure remaining
„ Le or a lees amount In advance of calla.
Cyrus W. Fichl. Vim . threetor of the Atlantic and Angle- Depoeit upon neck £.lO lwr rent. upon application, and the
A meriean T.l.•graph Cienpani. e remainder within three mouths after allotment
J. R. Mellroll, K. 1.• I. I. • late President of the Inetitst' of Interest at Five per Cent. win be paid half-yearly upon all
rivii Pee steers deposits from the Ist July next, and upon all payments in
Philip Raweni , Nei . Deputy Cliairinsui of the 1-nion Marine advance of rails and In payment of stocfk; madelrefore that day
Insurahee I -onitemy. (rem the same thne ; and
trona the day o payment if after
HaNxxas—Mesars. Glyn, Mills. Currie, and Co., 67, Lombard- that time.
street. Kt'. ; In the allotment of shares a preference will be given to those
hew srAn—Sir Charles Bright, M.P. who shall have paid in full or to any extent In advance of calls.
Setlerlidts--Mosses. itircheni and Co., 40, Parliament street,' MP ao'foris
Westminster. I JA MES TII OM SilN , Esq. Chairman.
NEftirtaity— fir• John T. Burt. ' Lieutenant-Colonel John Orimes, late of the 11.K.1.C.5.
oftwea...37. halmerston buildings. i'l,l Broad-street, E.C. ' The hon. Arthur )(Metaled. M.P.
This Company has been formed for the purpose of providing Lieutenant eolonel William Campbell Onslow, late of the
a du net and thoroughly edit nut line of telegraph to egypt. Ily sere e inntninuon.
&Sy thin means a sebstantial part of the direct telegraphic Geueral air George Pollock, G.C.B , G.C.3.1., Ac.
Ent hem Kugland pi India tecommendeal by the Parliamentary: SECRETARY—John Westwood, Esq.
Committee on Kart ludic eiiinumni. aliens will he permanently 1 _
established. That this mu eto our Indian Empire will soon be A BRINOLD PROSPECTI'S.
ctft et, d there can I. no zeineinnlile doubt.
....- 1 The circumstance. under which sulecriptiene are now invited
Me int: the cal.-obit ions of the returns I ikrly to result from woe by this Company, to a further issue of capital, are peculiarly
company's oldie), ocsaiinnor U at outeiJ :it ele,o,ooe', upon the
favourable for investor+, and present the strongest °eidetic., of
results °Maim .1 (run th;• waking of the preaent Malta and
the souud and profitable character of the undertaking, to com,
Alexandria bee. a iet dividend of C. per cant aft-r providing for
all ern: kin; N.Af NOVA, Inclu.! lug the amen d payment of ag,V.lO toPkt'*lit'h a" adaiti"eel outlay IA requiP'l---
ke they arc now planned. and beteg constructed, the canals
the y.• gush govern'''. nil may be looked hie
Aptheatieus for 1•11Nlrel must w 1 , • ot..utthe Bankers, 1 1• a t
neers ni..t c potent to Judge, including Colonel Randal! and
forms of rulecription may be obtained of them, and at the
the present chief engineer of the Company, convey water for the
Others of the l'ompany irrigation of about 700.000 acme.
Seller, iptions ',eve already been promised fur 0191,000. I Adopting a temporary reduced rate of charge for Irrigation, and
May 16, IP4IB. eartimatiug the returns from navigation atthe very moderate total
of 3 per cent. upon the cutlay (the present chief engineer has just
reported that he estimates the relems iipoc the tidal canal will
be at least 10 per cent', and allowing the high charge id 5 per
cent for repairs, maintensuce. establishment, Ott., the
net returns from the mellow, now to be eunipleted would be
altogether 12 per cent , which, by the re•establiahment of the
original rate of five rupees per acre fur irrigation, would be made
up to 21 per cent. net.
. Them are figures the accuracy of which ,:an be easily
TIIE DOMINION of CANADA, PROVINCE of demonstrated, and any iminiry tuarte regarding them at the
NEW ItHUNsWICK . Caiinpany'e (Mike% will be at nacre replied to, and every informa-
l...llr of £411,000 Find Morteage Sterling Bonds of the European Mon given.
and North Am, 'lean Railway Company, for Extension from he prospect of an Immediate end extensive spread of belga-
sone Joh,. es word.
DoTn. and thercfore of a satirfactery Increase upon the existing
no, lauds are to Bearer, with Interest Connote' attached, and returns, is highly encouraging. By reports receive] on the
are of the nominal amount of EMI, sterling each. 3rd of the present month, and dated the :10th March, it ap-
Interest at s per cent per annum from Ist July, Died, pears that there had then been signed, connected with the
Prico of hone. £l-0 per .t2to Bond. Keodrapara ('anal alone, leased ,principally for three years)
hoods repayable at the end of 30 years, If not previously par- for about 20,000 acres • that applications from cult'-
. daeed. I.) Ibe epinieation of the Sinking Puud provided for vators of land under the mine Canal were being received
,h. it e vtlneColi woilln that period. at the rate of from $OOO to 5,000 acres daily ; and that the na.
er,.-iprel and interest payable in ster'ing money at the office of dyes were tutting the smaller channels necessary to convey the
Messrs. J. S. Morgeu and Co.. in London. water to their fields with earnestness: further, that In the yid.
Interest payable Half >early, on Ist January and Ist July. pity of the nigh Level Canal meetings were being held by the Ze-
11. „FN.!, •••, NI or,ten and Co. arc authorised to otter for priblie mindere, and other unmistakeable stens exhibited that the same
1.- ~rtin the +ineve !Simile at the price of el5O per £2 0 favourable state of affairs there as that connected with the Ken-
:..l. ir,... utiseript ion lento payable by inst.lnieuta an under: drapara Canal was • mere matter of • short time. and that
IP. : k rut er 410 per aarti Aloud on application. before the coming mason large de minds will be made for water.
ti) „ „ allotment. Upon the Miduapore Canal the effect of the reduction of the
alecent., Lt July, 1163 ;deducting seat r rate, ite. ha I not, at the end of March, been thomnghly
ll' per nt., or kJ per bond, less income entertained, bemuse the irrigating portion of that Canal had
Mx. for interest up to Pat July,. been rinsed for same time previous for conatruction perpetual',
ale per £290 Bond on lat August, hags. and had then only been reopened. bet the chief engineer of the
.e.. 0 .. ~ Ist September, ]titer. Company and the executive engineer In charge reported that
splint:aliens for water, in addition to the 4,0 0 acres supplied
last year, had commenced and were confidently expected to be
added to largely.
The works already constructed have now entered upon their
stage of revenue, and they offer to capitalists not only a safe In-
vestment, but one which will, most assuredly, be very profitable,
iO. , • ... 0,1- oeit es ill lie seen that the actual subscription ere bug , and here it may he aided, as confirmatory of this
• . 0 tc• le ~.I- without cal. ulating the advantage resulting almost Primed! tie prospect, that the pirtions of the works now 111
, 1,.. ...• 't ed p. nods of payment of the instalmeutr and hand remaining to be exceut d, consisting mend) of channels
. :. : .i••,, ,t 4 the Beads it par within 30 years) is at the rate for the di.trlbution of the water, will necessaniy be the easiest
; : . • 1:l . i a x 147 per £luo Bend. of construction .a well as the most productive, sad will add
........ult 1-. neele In pny meta or allotment or of any of materi.lly to the per-centare of returns on the whole outlay.
• . ,•,..1,. . toe to eu the days named, the allotment will be liable Theretwaleoanotherfeatureofgreat ituporilutec.which inapt not
. • • .., • ;i• .I. :nal the amounts then already paid forfeited. be omitted in the conaideratlon of the fitness of this undertaking
0" rI•,, h. •!t •.t the allotment money. Scrip Certificates to for =investment. By the contract it is expreraiy providedthat I
1.. .................t to the Nubscn her., which will be excluwired the Company shall be raid for the water supplied for irrigation !
.• ••..- •.• I •..1. t• • It. ,irer,1.0404,11 I 0 the slunk amount et the to the eultivaturs—not by the eultiratore themselves—hot by,
.. ••-• • ~0 • ~ li., , lairs. peel lop the Gevernment of India : and that the price to Ise so paid by
; , . 0, ; , . ~• e.. 1 North American Railway Compeny for en- the Government t + the Conipany fur such water shall be the
• • :r• h. ',Alt John Westward was incorporated by the price charged to the cultivators, and shall be fixed so as to repro- ,
~ . m• 01 and A44,•-obly of New Brunswick, in the )car sent a fair charge for the water to the parties unng it. With !
• • , -0; ..... of cotoltnicti, g a main line from the city of reference to this stipulation. it has been acknowledged by the
a iteinswiek to the frontier el the Slate of Maine, Government that they alone are liable to respect to the non-
• e, there to connect with a Railway now in payment for water supplied. so that the Comp any are released
ei, to the city of Hanger, which Is already from all fear of liability to loss of any portionof their water
:im, ation with all the railways of the United rate. The value of the foregoing arrangement can hardly be
too highly prized, fermium as it does a certain and safe
d the -1..1. ten map accompanying the prenpertue tee of payment for every portion of the water supp=r-
.G.••••+a- ihivirtatim of tie railway. which will irrieati•-n.
•• • , . aa..i al w'tl, the lints now made or In course of It has been determined by the directors to lisait, at any rate
•0. . e the mily riiilway i ommurication between the for the present, the expenditure to about £130,000 per annum, .
.- - s of Goya s,..tia, New itrineiwiek, and Cenada, whereby they will be enabled to make all lettere cane small la'
.. ~••,ite c 0 i1..1 teed forniing the Dominiou 1,1 Canada. lii amount and at regular stated perioale, not exceeding on the
...,.. 0 u "I io• m the ceunecting hub in the male line of whole £2 per share during eachyear ;at the game time they are
- ... fi..e . I i.a do o. to ;di the Northern and Western States of enabled hy the Act et Ineorpuration t i Wane the required copilot
It 4 1;1.11; ..° I Nmliti:Jellt. partially In shares of £lO each, and partial* In stock divisible
c.. • ''..:,1, o, 11;;; lII,C fa .41 miles and so important was It Into rums varying from £lO npwards-a plan which win
- ;•' •, • t .., 1.. •—vernment of New Brunswick that a anteddy suit the convenience of those who desire to limit their natality
; •—, .1 .i; ,r, p •0- iode was given by them towards Its can- to a used sum at once and to be relieved tram future calla, and
. • • • : ,„ ;•,:dti ...t, h. vs Mai the Government of New Ileum,. also those who may prefer to pay the amount of capital held by
. •,• h. . :IN .. :-...i1b Join,. in it. rorpoi ate capve by, being them by easy inetalmente in the Aludve of calla.
, .1,, . tat a, t. of the Legislature, also Subscribed Applications fur Shares and Stock may mow be made to the
. „ oi,. I ompany. Cemeany's thre, 8 and 0, thieeneteeet-place, made
to
ii..l ~ the I oilmany is at. follows , ! bridge, Loudon. EC. ; where a full prospectus and forms of
• • 00, I.i tI • principal C.,vernment of New ' application may be hail. But it is neemastry that it should be
- • a.. s. .1.:.• .... per mile
•-• r 'Hen, I.oludunt subacription by the city of deposit of Cl ou each Mare, or of £lO percent. upon the amount
, .. I..te 500,000 of Stock applied for. hem been made either to the balker% of the
. . .... ..... ..
• w,, 10. -apoicinent•-.1 by flex plNKttlee of the Issas of the Company, Meaux Ransom, houverie, and Co., No. I, Pah mall
• -• -;•11•....1 l'a•n.! -, forming a first mortgage on the under- East, or at the offices of the Company. The dephait will be
• -. -1, 1. 1, ~,,,seers, lo a thrther mane of etock which the returned without dedsetion if the applicction is not acceded to.
a . Levi, engag. d to take in payment of the cost of '
! ' • I•!•1,-10,.• i- under contract by an asrodated body of eon-
' I•.' - ..1 the tin:hest ..haracter. Upwards of sixty-live miles
, ..• . I- ~,, ~ ••ht aas ale a-emelt:teal and ready for laying the
• ::Le han aline: portion of the works are In comae of
• . I . a.pietioil The contract price, esebirive of working
' i • -• ,sa. dollar.. per mil,', aced the astimated sum nerch
• ,• 0 a proi ohne the rolling stock is 6.00 u dollen per mile,
.. ..., t et) i•spa icliture of 40.000 dollars per mile. The roil-
, • •- vet, Iteinsl, will be completed and opened for public
• - to i 5..., mitary. Isla
'• ! -,nn.! and detailed eatimetes have been made by the
•• , •,, c :,, .rc 10, .-r for the province of New Brunswick,
• , • • . i.y 1.,.• el, le, giorar of the Company. These estimates
•• • • e.O. I ' 11, In.e an anneal net earning of 396.610 dollar*. or
_ • ...; I. ;; - t.,,../;:0 ill emcees ,if the amount required to meet
a. I, 4 on the howls.
• ' • boiala are the Oral charge upon the net earnings, of which
• •r to pal: efter po ment of interest on the }Sonata. is to be
• • ..hs -et as,,le and appropriated towards a sinking fund for
01. „. i el,. lion 'll.l6llilikin7 fund will be annually applied in
0.- 0.0,t. l,a-a• "I bomb. at or under par, the residue of the fund
• • : a.. .... iimehat. d lor redetepti•el, at the expiration of thirty
••+ said, betels as may not be .SO iIIITI bawd within that
i ri d
,dci t11,,1 the position of the lenolholdere -0-111 their rights
, td c;.:ttc.esees might N. fully ;secured, a epecial mortge
.1. • .I has bPaloentered into between the Company and Samot.
1•'••• e l-1-.1 ,ef New linin.,wick. the Minister of Customs for the
i •e.ii, ion of Canada, and John Edgar'lliomaon, Req .of the State
, , remelts:milt, 1'.:4 , President of the Pennsylvania EnilwaY
..q.t. v. se ti ustees tor the bondholders, whereby provisions
toad, for serurieg the right of the bondholders as find
oe .1 hfne, es noon the undertaking . for the pavrneut of the inte-
r, -.I ;It llt;• Renate , and tor the applicatimi of the sinking fend.
1 op.' ..f the 1111011:1/1ge de. .1, and of the bond. as well as of
.1 e %tattle estilll:lteß, fall be inspect...l Open applicatioti at the
, et, .- ef Messrs itlreharn, Daltlmple, Drake, and Ce , 60,
I.,;C:ilineedle ,li, et Y. i'.
V preivations f. a trends !met he made in the annexed form,
:111.1 the dere sit paid to Messrs. .1 si, Morgan and Ire., 22. Old
broad •street, hunt whew Prospeettlaes and Perms of Apple-anon
may te• obtaiii.d.
London, May is, 1..0.1,

ANGIA)-MEDITERILt SEAN TELEGRAPH
PAN LimitetU
Nu FURTHER AITLIcATIoNs fur MIA Itltll will be 'LE-
VU% AFTER 4 titiock a. NION DAY, the t.,,f,th Innt.
order, JoIIN T. lICHT, Secretary.
Palmer=4•te Old liroud.strect, E C.,
M ay 20. 180

• 1.•.0 per 1290 Bond.
rv.ers way pay the lu:1 amount of their subeeriptien In
• Ally of the above iornti .neat clays, and on such
1,1, .I,seeui.: at the rate of 4 per cent. per annum will

-
Recommended by the floveniment of India, thus:—•• We have
Ineg regarded this great scheme (the licher Undertaking) se
one of all others in India to which private sheald be
iavftnl "
The was Government have now agreed to pay for el water
supplied by the Company, they pertizipating In some of the
predtte realised after dl per emit. ellsse have been received by
the Sharelsoldent
THE EAST INDIA IRRIGATION and
CANAL COMPANY.
ilneerporatecl by Special Act of Parliament, whereby the itabWty
of each Shareholder S. limited to the amount payable upon his
Shares, or the aroma of Ills Stock..
INTENDED ACTICKE,
"THE SV.H A R 17NDERT;AR INC."
All prehminery invensgatim having been made, and gfaue pre-
pared and approved for inowediebe construction.
, Fleet Owe of capital for the Rehm. Cntiertaldng, 4'10000000,M
shame of £lO each, and stock in emmearying from exi. each
. upwards.
re=t upon shares LI per share, tellbelberty to pay iv the
tg .t. 9 or a leas amount in advaneeof calls.
Deposit upon stock ele per cent. upon applicatlee, NMI the
remninake within three 'newts. of the abetment.
Interest at Five per teat. wi I be paid upon all depostia from
the let July next, and epon all payments in advance
and In payment of stock, made before tior,lay, from flue statue
time : and from the day of payment, Ramie after thatinua3.
lu the allotment of shams and sloth. t. preference Will be
given to those who shall hare paid In feilLow in advancesitealla

Director* and Officers tee mine as set ta-th to " thariltistoi "
tualertakin advertbemetst.

ABRIDGED PROSPICEMA.
The great value and preensing nature et "The Reimers-
dertaking," secured by contract to this Company, have, dar-
ing the last eight or tea yearn, been so smell and favenesit,
discumed in England and throughout linita, first by the
Government and then by the Companys others, and are sow
oe generally noose that any statement wledi the Direness
• might add upon the subject waled be simereseus ; they, Übe.*
I fore, limit themselves to an eminence that they are satisfied it
I presents a safe, sound. and proatable investasest : and unbolt-
' tatingly solicit sabers-Melons towards the resseilte capital ; at
the same time they quote, as coufirmatory of their own judg- .
ment, the following:
Firstly. An extract from a despatch to the Sacisetar7 of State
in usenet. dated loth March, Ifer, recommending that the
!inane Canal Project should he elves to a private maspany,which
despatch was signed by the late Lind canning as Governor.
General. and by Sir Henry Bartle Prete since Govemser of Bom-
bay, and now a Member of the Council of India in Penland', 81r
Cecil &radon 'afterwards Lieutenantdlovemor et Bengal`, Gene-
ral Sir Robert Napier sow commanding the forces in Abyssinia),
Penniel Laing, Etoi., M.P. (then the Finance Member of Council
for India), rod the Hon W. Ritchie—being the whole of the
Governmental Council, viz. :
"Ile Honour the Llestenant.Governor considers that It 'the
!Mane Canal Project holds out better rospects than the Orissa
'scheme, and that it would be good for-both the East India Irri-
gation Company and for the country if the company were to
adopt this instead of the other; but the projectors prefer that
originally selected by them.
"We have long regarded this scheme as one of all others, in
India, to which private capital should be Incited.
"There is this advantage in Government taking the initiative
In planning the great works of the country, that they are so
placed liefore the pubic that they can be discussed in the light
of local knowledge and experience. The only drawback to doing
this is the risk of misleading capitalists and raising mistrust of
such investments.
"In the present Instance no such risk need be apprehended,
for there is evident throughout Colonel Dickens' Report a most
conscientious endeavour to antldpste the maximum cost of the
work."
And secondly. Two paragraphs from a minute recorded by Sir
P.P. Grant when Lieutenant-Governor of Besot, viz. :
"The magnificent province of Behar, which would be admirably
watered by Captain Dickens' projected canal from the Some.
The cost here would certainly be very much lees than at Celina),
and the returns may reasonably be expected to be much more
secure, because we know, as a fact, the value of irrigation la
Behar. The soil is better, and the natural rainfall is less by half
on an swear, and much less certain in Behar than in Cutteck.
The most v Liable crops are not the rain crops In Behar. and for
the most valuable crops there it is found by experience that ex-
peuaive well irrigation pays, which has not been proved by expe-
rience to be the general we in 'lrina.
"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
Scene, for which complete plane and estimates are available, and
nothing is wanted but the money."
By the contract with the Government the Company are en-
titled to receive and retain sll profits from the sale of water for
irrigation, until the dividends paid to shareholders shall nosed
twenty per cent. upon the total expenditure made, after which
the balance of such pronta Li to beddedually between the
Government and the Company. means from ail other
sources are to belong to the Company exclusively.
The scheme of waits lio be executed has now been thoroughly
investigated and carefully re-planed on behalf oft h==
end yertiodare ishoketted to fwd append by the

DISTY. Olf £411..100 STERLIND SIX CFA CIL•IT. BONDS Ole
ECROPEAN AND NORTH AMERICAN ILAILM AY
ADAMANT.
For Externion from St. John Westward.
N,,

VOI4 or APPLICATION.
To be lelt with J. S )I,,tmos mitt Co., after payment of the
Preliminary deposit.
Gentlemen,—Haring paid to you the min of I: I hereby
request that you ail! allot me e3OO Bonds of the
ebt re Loan, end I hereby agree to accept such hoods, or any
►mailer number that may be allotted to me, and to pay the
farther mums due thertou according to the terms of the
Il' Wucd by you.
I sin, gentlemen, your oh dient servant,
I o %testi,. .1. S. Morn and Co.,
Signatory ....
Address in full
Date

!,,r1 i,P xtll,ooo STERLINO sIX PER CENT. BONDS OF
lIIY. EVROPY.AN AND NORTH AMERICAN RAILWAY
ONI'ANY.
Fur Extewslos from Rt. Jobs Westward.

E/4.7.11"T FOR DEPOSIT ON APPLICATION.
I I. retained by applicant. after be.ng signed by Mem& J. N.
Morgan and Co.
• .ist-d the day IS6g, the sum of
" : the driendt r, gutted on an application for an allotment of
Lit) goods of the said Lean.
... . Yor J. S. Morgan and Co.

XI ON EY, in large or .mall amounts, and for long
• ' or short pot Inds, with or without it Ills posy, nuttily ob-
t hibir • t the RATIONAL GUARDIAN AMITRANCI COM-
' ' /Lilted), 484, Word-street, Bloomsbury, W.C.

lt/lONEY. —220 to £BOO ADVANCED irnme-
" &Arty on Furniture, without removal, publicity, or law
•••'t Nay be repaid by easy budahnenta. No charge It de
elnwl Muni'sss dispensed with.—Apply persoaagy at the
ark or nen, I. Southampton-street, -Strand, ICC. Ad-
made also oa leases, lite policies. &c.

DEBTS RECOVERED and CLAIMS PROSE-
etTED by a Professional Gentleman of practice sod
%1."-ciabilitY. free of charges I. the creditornpoa • eosoraholos
10 Per rent so the amount recovered.—App4 for address, or
r sutras A.Z No 355 aty-road. KC.
• .

AItE YOU INS DIFFICULTIES I—lf so, call at
"" ea the liidersignod, sod be relaxed from the un-
P.ekesot fear of implisounient and executions. Bankruptcy sod
tit,e oe caws conducted oa moderate terms. Private arrange-
-I.*Ye made with creditors. Deeds of ooropoeiSlon sad =AP-
oast elevated. Protection to parson aau Prriti °44almsd
5e.,.."t rnubcit/ "APBI7 ilf. L wAasis„ itnaba, w.c.