The Sun.
London, England, 1852-04-29 00:00:00

THE SUBMARINE TELEGRAPH
COMPANY,
Securing Exclusive Communication between Great Britain and the
Continent ofEurole, under Privileges from the French and Belgian
Governments. *

Capital 150,000/, in 30,000. shares of 51. each, to be paid in fall.
Liability of Shareholders limited to the amount of 6ubseription.

Offices. 30, Cornlo,

HONORARY DIRECTORS.
H 1 Royal Highness the Duke of Cambridge.
.Ws Excellency the Count Colonno Walewski, Ambassador- of France
His Excellency M. S. Van der Weyer, Envoy Extraordinary and
Minister Plenipotentiary of Belgium
L Excellency the Chevalier Bunaen, Envoy Extraordinary and
Minister Plenipotentiary of Prussia
His Excellency the Baron Beatinck, Envoy Extraordinary and Xi'

ulster Plenipotentiary of the Netherlands
His Excellency the Marquis D'Azeglio, Envoy Extraordinary and

Minister Plenipotentiary of Sardinia
His Excellency 6ignor Istnriz, Envoy Extraordinary and Minister

Plenipotentiary of Spain
His Ertelleaey the Baron Koller, Envoy Extraordinary and Minister
Plenipotentiary front the Emperor of Austria to the King of the
Belgians.

CHAIRMAN.
The ,Lord De Mauley.
DIRECTORS. _

Ancltrson, Esq., 31. P., Director of the Peninsular and Oriental

_
Company
John W. Brett, Esq., 2, IlanOver-square
kroest Bunsen, Esq., Abbey Lodge, Regent's-park
Sir James Carmichael, Bart., Sussex-gardens

The lion. Frederick Cadogan, Hertford-street, May Fair
W. J. Chaplin, Esq., M.r., Chairman of the London and South-West-

ern Rail'aray Company
Le Chevalier Drouet, Belgian Embassy
T. C. Granger, Esq., Q.C., M.P., Temple

S. Laing, isq., Chairman of theLonclOrnand Brighton Railway Com-

pang
Jebu Maiterman, jun., Esq., .Nieo!as.lane, Lombard-street.

RANILERS-LONDON.
Messrs. Master-min, Peters, and Co., Nicolas-lane
Sir Claude Scott and Co., Cavendish-square.
SOLICITORS.
Messrs. Davies, Son, Campbell, and /Land, 17, Warwick-sfreet, no
gent-street

Messrs. Hughes, Kearsey, and Co., 17, Bucklersbury.

SECB.ETART.
L. C. Hertslet, Esq.

TO Augnat, 1851, the promoters of the Snbmarine Telegraph
formed themselves into a French Company (Soc lete en Comman-
dite), and esltiblished telegraphic communication between Dover and
Calais.
On the 13th November last the telegraph was opened to the public,
since which time it has worked without the slightest irregularity
Or Interruption.
A submarine Telegraphic communication having been thus sue-
tessfully proved, the promoters consider that the time has now ar-
rived to invite the public to co-operate with them in developing the
resources, and extending tke advantages of this important under-
taking.
The following brief statement will show the actual position and
prospects of the Submarine Telegraph
:
A royal charter of incorporation was obtained in 1831, but it has
been determined to surrender the same for one of more extended
powers, enabling the Company to establish a Submarine Telegraphic
Communication with all parts of the Continent of Europe.
The draft of this charter is now before the Board of Trade, and it
is believed that it will he finally granted at the next Privy Council.
The capital of the French Company consists of 75,000 shares of 1/.
eitch.
It is prOposeu to surrender these shares for shares of a corres-
ponding value in the Company new forming under the aforesaid
extended Royal Charter,

An exelosive coneesslon has also been obtained from the Belgian'
€k)vernment, and important privileges from other foreign Govern-
ments.

The Charter of Incorporation will unite these different conces•
sions and privileges, thus securing to this Company tile exclusive
right of telegraphic communication between Great Britain and the
Continent.

The receipts of the Submarine Telegraph have never been less
than 3 per cent., although it has been severely cramped In its
operations in consequence of its present position, forming, as it
does, only one link in the chain of continental communication ; but,
after allowing an outside margin for works and expenses, and for
laying down a distinct and most complete line from Dever to
London, the returns during the past month have been at the rate 'of
71. iSa. 31. per cent.
In order to provide for the daily increase of hnsiness, and to secure
the telegraphic communication with the Continent against any risk
of interruption, it is proposed to lay down a second cable between
France and England, and also one between Dover and Ostend, which
will give 14 Telegraphic lines of communication between Great
Britain and the Continent, and amply supply the various linos of
France, Belgium, Holland, and Germany.
Responsible parties have undertaken to lay down these lines with a
sufficient number of wires for any amount of traffic that can be
anticipated, for the sum of 70,0001., to include all patent, rights,
and all preliminary and other expenses incidental to the Belgian
and other concessions, which will become vested in this Company.
The Charter will authorise the raising of a capital of 306,0001. ;'
but under the arrangements above referred to, not snore than
75,000/. of new capital will be required to carry oat the objects hi
contemplation.
The European and American Electric Telegraph Company being
formed under the powers of the Act of Parliament in connection.
with this Company, the arrangements for completing the extension
of the Submarine Telegraph to London, Manchester, and Liverpool,
will be immediately concluded, when the French Government have
undertaken to provide independent wires for the exclusive use of
the Submarine Telegraph from Calais to the centre of Paris. In the
course of a few mouths, therefore, the Exchanges of London, Liver-
pool, and Manchester, will be brought into instantaneous communi-
cation with that of Parisi and the same principle may be carried
into effect with al! the niffer cities of commercial importance through-
out the Continent of Europe.
An estimate of the vast extension of business which must follow
such a development of Telegraphic Communication, under a system
of rnoierate charges, may be arrived at by a consideration of the
marvellous results which attended the introduction of the Penny
Postage. The day of experiment with the Submarine Telegraph has
passed, and all, therefore, which now remains is to afford every
facility to the public to avail themselves of an invention which is
evidently destined materially to affect tbm interests of the Commer-
cial and Political World.

Applications for the 1,509 Shares may be made to Messrs.. Foster
and Braithwaite, Stock Brokers, 6S, Old Broad-street, City.