The Sun.
London, England, 1852-03-05 00:00:00

allotment,

o,O'o Shares will be issued to the p Alio, the remainder being re-
served for the completion of purchases of property in New Granada.
DIRECTORS.
Charles Johnston, Esq , ,outhwlck-crescent, Hyde park.
Henry C. Lacy, Esq., M.P., Mslimond, Surrey.
Ambrose Moore, Esq., Endsleigh-street, Tavistock-square,
J. Masterman, jun., Esq., Nicholas-lane.
George Copeland Capper, Esq., Leyton, Essex.
Walter Logas, Esq., Gloucester-terrace, Hyde-park.
Rowan,' Ronald, Esq., Manchester-square.
Alex. Young, Esq., 11, King William-street.
BANKERS—Messrs. Masterman, Peters, and CO.
SOLICITORS—Messrs. Hughes, Kearsey, and Co.
SEcar..Taar (pro tcm.)—Reginald Chauncy, Esq.
Temporary offices of the Company, 17, Bucklersbury.
. .

This Company has been formed for the purpose of carrying out
and promoting certain important undertakings within the Rebublic
of isew Granada, and has mace arrangements for the purchase of
some most valuable and extensive mineral districts in the provinces
of Choco, Aatioquia, and Barbacoas, containing gold, silver, platina,
cinabar, and other products. .

I like basis of the Company's operations is an agreement for the pur-
chase of a freehold property in the province of Choco, upwards of
seventy miles in length, and varying in width from twenty to sixty
miles, comprising an area of uawards of one and a half million of
acres, upon which a great number of surface mines are stated to
have been already discovered.
The completion of this purchase is made dependent upon the veri-
fication of the reports laid before the noatal, through the testimony
of approved agents to be sent out on behalf of the Company, tile
vendor being entitled in the meantime to call for a payment of
5,0001., upon satisfactory security being lodged with the di-
rectors for its repayment, in case such reports should not be
verified. The balance of the purchase-money is to be paid in shares.
A treaty is also in progress for a grant of equal importance in the
province of Antniquia, full particulars of which are expected by the
next mail.
As soon as the report of the Company's agents shall have been
received, it will be for the consideration of the Directors what mines
shall be worked by this Company, and what portians of the estate
shall be granted to other parties.
The territory of New Granada has long been known to abound in
the precious metals, and an accumulation of recent testimony shows
that it offers facilities mr the conversion of its rich deposits superior
to those which exist either in California or in Australia.
Santa Martha and Cartbagena, the principal seaports, are within
twenty-five days' sail of Eng.and ; and the Directors will thus he
enabled to receive early and regular information, and to retain a
proper control over the management of the Company's affairs, the
want of which is so severely felt in undertakings canied on in more
distant regions.
The gold deposits are stated to be much more regular and constant
than in other gold fields, being found principally in rich veins of
black sand and gravel.
The Attato, Magdalena, and other large rivers run through the
whole tract of country in which the mines are situated, affording
the advantage of water carriage—the most important stations being
approachable by vessels of large burden.
The projected Ship Canal, connecting the Atlantic and Pacific
Oceans, through the territories of the Republic of New Granada,
wid greatly enhance the value of the surrounding property, besides
securing the independence of that country by the combined support
of all the great maritime powers. A convention for this purpose
(commonly called the Bulwer treaty) was stoned at Washington on
19th April, 1850, b tween Great Britain and the iJn.ted States, and
has since been ratified in London.
A Concession has already been granted by the Government of
New Granada for the construction of this canal on advantageous
terms, and certain beneficial modifications are now under the consi-
deration of that Government.
A caret& s .rvey and estimate of the expense of constructing the
canal is in course of preparation, under the joint superintendence of
the conces:ionnaires and the directors of this Company.
To carry out a work so iraporant to the interests 4 f the commer-
cial world, a new Company will be formed, and application will be
made on its behalf for a charter of incorporation. The Directors Of
the New Granada Company, in consideration of the value of their
no operation. have Maclearvangealanal truar-thavaaatessimittairell.
the Canal-for securing to their shareholders a moietY of all the ad-
vantages which may be derived from the concession,
whet b er arising
from the sale of that concession, or from an optional pro rata
partifipation by the individual shareholders of this Company in the
shares of the Company which shall undertake the construction of the
Canal.
The promoters of this undertaking have consented to receive in
full of all claims for their interest 6,000 paid-up shares, and one-
tenth of the net surplus profit which may remain divisible in each
year, alter paying a aividend of ten per cent. to the shareholders.
A working capital of 60,000/. is deemed sufficient for carrying on
a very remunerative business, but in proportion as success attends
the operations of the Company, and further working capital can be
profitably employe-1, the shareholders for the time being will have
the option of a pro rata allotment.
Applications for prospectuses and shares to be made to the Di-
rectors at the temporary offices of the Company, 17, BuctlersbulY•