The Sun.
London, England, 1852-03-11 00:00:00

allotment.

60,0:'0 Shares will be issued to the pAlle, the remainder being re-
served for the completion of purchases of property in New Granada.
DIRECTORS.
Charles Johnston, Esq Southwick-crescent, Hyde•park.
Henry C. Lacy, Richmond, Surrey.
Amhrese Moore, Esq., Endslrigh-street, Tavistock-square.
J. Masterman, jun., Eiq., Nicholas-lane.'
George Copeland. Capper, Esq., Leyte.), Essex.
Walter Logiv.i, Esq., Cloirester-terracc, ITydc,park.
Itowand Ronald, Esq., Manehester•square..
Alex. Young, Esq., 11, King William-street. •
11ANKERS—MCS-TS. 3la,terroan, Peters, and Co.
Souciror.s—Messrs.'lltighes, K.earsey, and Co.
SECRETARY (pro tem.)—Reginald Chatincy,'Esq..
Temporary offices of the Company, 17, Buckleishury.

This Company has been formed for the purpose of carrying opt
and promoting certain fmportant undertakings within the Rebublic
of 'New Granadli, and has made arrangements for the purchase of
some most valuable aril extensive mineral.. districts in the provinces
of Choco, Antioquia, and llarbacoas, containing gold, silver, plating,
cinabar, and other products.
The 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 upwards 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 Hoard, through the testimony
of approved agents to be sent out on behalf of the Company, the
vendor being entitled in the meantime to call for a payment of
5,0001., upon satisfactory security being lodged with the directors for
its repayment,.in case such reports should not be verified. The ba•.
lance 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 Antioquia, full particulars of which are expected by the
next mall.

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 portions 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 for the conversion of its rich deposits superior
to those which exist either in California or in Australia.

Santa Martha and Carthagena, the principal seaports, are within
twenty-five days' sail of England ; and the Directors will thus be
enabled to receive early and regular hfformation, and to retain a
proper control over the management of the Company's affairs, the
want of which is so severely felt in undertakings carried 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 Atrato, 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,
will 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 signed at Washington on
19th April, 1850, between Great Britain and the United 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 careful survey and estimate of the expense of constructing the
canal is in course of preparation, under the joint superintendence of
the concessionnaires and the directors of this Company.
To carry out a work so important to the interests r 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
co-operation, have made arrangements with the concessionnaires of
the Canal for securing to their shareholders a moiety of all the ad-
vantages which may be derived from the concession, whether arising
from the sale of that concession, or from an optional pro rata
participation 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 fur their interest 6,000 paid-up shares, and one-
tenth of the net surplus profit which may remain divisible in each
year, after paying a dividend of ten per cent. to the shareholders.
A working capital of 66,000/. 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 employed, 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 Dl-
rectors at the temporary offices of the Company, 17, Bucklersbury.