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

THE SUBMARINE TELEGRAPH
COMPANY,
Securing Exclusive Communlcation between Great Britain and the
Continent of Europe, under Privileges from the French and Belgian
Governments.

Capital 150,000/., in 30,000 shares of 5/. each, to be paid in full.
Liability of Shareholders limited to the amount of Subscription.

Offices. 30, Cornhill,

HONORARY DIRECTORS.
Ills Loyal Ilighne.s the Duke of Cambridge.
His Excellency the Count Colonno Walewski, Ambassador of Prance
His e.xcellency M. S. Vau der Weyer, Envoy Extraordinary and
Minister Plenipotentiary of Belgium
His Excellency the Chev.fter Bunsen, Envoy Extraordinary and

Minister Plenipotentiary of Prussia
His Excellency the Baron Bentinck, Envoy Extraordinary and Mi-

nister Plenipotentiary of the Netherlands
His Excellency the Multi's D'Azeglio, Envoy Extraordinary and

Minister Plenipotentiary of Sardinia
Rs Excellency Signor Isturiz, Envoy Extraordinary and Minister

Plenipotentiary of Spain
His Excellency the Baron Koller, Envoy Extraordinary and Minister
Plenipotentiary fora the Emperor of Austria to the King of the
Belgians. _ .

CHAIRMAN.
The Lord De Manley.
Tunic Tons.
A. nderson, Esq., M.P., Director of the Peninsular and Oriental

_
Company
John W. Brett, Esq., 2, Hanover-square
Ernest Bunsen, Esq., Abbey Lodge, Regent's-park
Sir James Carmichael, Ban., Sussex-gardens
The Hon. Frederick Cadogan, Hertford-street, May Fair
W. J. Chaplin, Esq., M.P., Chairman of the London and South-West-
ern Railway Company
Le Chevalier Drouet, Belgian Embassy
T. C. Granger, Esq., Q.C., M.P., Temple
S. Laing, Esq., Chairman of the London and Brighton Railway Com-

John,"Masterman,jun., Esq., Nicolas-lane, Lombard-street.

BANBRRS-LONDON.
Messrs. Masterman, Peters, and Co., Nicolas-lane
Sir Claude Scott and Co., Cavendish-square.
Messrs. Davie., Son, CampbeII,SOLICITORS
and Hand, 17, Warwick-sfreet,
Be-
gent-stye at

Mims. Hughes, Kearsey, and Co., 17, BucklersburY.

SECILETART.
L. C. Hertslet, Esq.

In August, 1851, the promoters of the Submarine Telegraph
formed themselves into a French Company (Societe en Comman-
dite), and established 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 suc-
cessfully proved, the promoters consider that the time has now ar-
rived to invite tae public to ca-operate with them in developing the
resources, and extending the 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 1851, bat it has
been determined to surrender the same for one of more extended
powers, enabling the Company to establish a Submarine Telegraphic
Communication with al 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 1 3 finally granted at the next PAvy Council.
The capital of the French Company consists of 75,000 shares of 1/.
each.
It is proposed to surrender these shares for shares or a corres-
ponding value in the Company now forming under the aforesaid
extended Royal Charter.

An exclusive concession has also been obtained from the Belgian
Government, and important privileges from other foreign Govern-
ments.

The Charter of Incorporation will unite these different conces-
sions and privileges, tbus secui:ng to this Company the exclusive
right of telegraphic communication between Great Britain and the
Continent.

The.receipts of the Submarine Telegraph have never been less
than 5 per cent., allhou fa it has been severely cramped in its
operations in consequence of its present position, forming, as it
does, orly one Yak in the che:n of continental communication ; but,
after allowing an outs:de margin for works and expenses, and for
laying down a distiect and most complete line from Dover to
London, the rearm during the past month have been at the rate of
71. Its. 33. per cent.
In order to provide for the daily increase of business, 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 Engiar d, and also one between Dover and Ostend, which
will gave 16 TeP:graphic lines of communication belween Great
Britain and the Continent, and empty supply the various lines of
Fr: nee, Belgium, Holland, and Germany.
Responsible parties have under taken to lay down these lines w:th 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 o'her 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 300,0001. ;
but under the atrangernerts above referred to, not more than
75,000/. of new capital will be required to carry out the objects in
contemplation.
The European awl American Elcctric Telegraph Company being
formel under the powers of the Act of Pa-liament in connw:tion
with this Company, the arrangements for completing the extension
of the '3ubma• :Ire Telegraph to London, Manch( star, and Liverpool,
will be immediately concluded, when the French Coveiiment have
undertaken to prol ids independent wires for the exclusive ese of
the submarine Telegraph from Calais to the centre of Paris. In the
courie of a few months, therefore, the Exchanges of London, Liver-
pool, and Sir chester, v.iii be brought into instantaneous commur,-
cat:on Ni ith that of Paris ; an I the same principle may he carried
into effr ct with all tire other (.!:.les of commercial importance through-
out the Continent of Europe.
Au estimate of the vest extension of business which must follow
such a development of Telegraphlc Communication, under a system
of too lerate charges, may be arrived at by a corsideration of the
marvellous results which attended the introduction of the Penny
Postage. The day of experiment with the Submarine Telegraph has
passel, and all, therefore, which now remains is to afford every
facility to the public to avail themselves of as invention which is
evident/7 desthr I materially to affect the interests of the Commer-
cial and Political World.
Applications for the 1,500 Shares may be made to Messrs. Foster
and Braithwaite, Stock Broken, 68, Old Broad-street, City.