The Sun.
London, England, 1852-08-26 00:00:00

HONORARY DIRECTORS,

His Royal Highness the Duke of Cambridge.
His Excellency the Count Colonna Walewski, Ambassador of
France,
liis Excellency M. S. Van der Weyer, Envoy Extraordinary and
Minister Plenipotentiary of Belgium.
His Excellency the Chevalier Bunsen, Envoy Extraordinary and
Minister Plenipotentiary of Prussia.
His Excellency the Baron Bentinck, Envoy Extraordinary and
Minister Plenipotentiary of the Netherlands.
His Excellency the Marquis d'Azeglio, Envoy Extraordinary and
Minister Plenipotentiary of Sardinia.
His Excellency Don Xavier de Isturiz, Envoy Extraordinary and
Minister Plenipotentiary of Spain.
His Excellency the Baron Koller, Envoy Extraordinary and
Minister Plenipotentiary from the Emperor of Austria to tho King
of the Belgians.
Ills Excellency the Duke de Guiche.
DIRECTORS.

The Lord de Manley, Chairman
Sir James Carmichael, Bart.
Samuel Laing, Esq., M.P.
The Hon. Frederick Cadogan
John Masterman, jun., Esq.

Le Chevalier Drouet
W. J. Chaplin, Esq., 111. P,
J. W. Brett, Esq.
Ernest Bunsen, Esq.
Francis Edwards, Esq.

CONSULTING ENGINEER.
Sir William Cubitt, F.R.S.
INCINEERS.
C. J. Wollaston, C.E. ; T. R. Crampton, C.E.
BANKERS.
Messrs. Masterman, Peters, and Co., Nicholas-lane ; Sir Claude
Scott, and Co., Cavendish-square.
SOLICITORS.
Messrs. Davies, Son, Campbell, and Hand, 17, Warwick-street,
Regent-street; Messrs. Hughes, Kearsey, and Co., 17, Bucklers-
bury.

SECRETARY.
George Lockyer Parrott, Esq.
In August, 1851, the promoters of the Submarine Telegraph
formed themselves into a French Company (Societe en Comman-
dite), and, at their own risk. and with their own funds, esta`blished
the Telegraphic Communication betweea Dover and Calais.
The cable was laid down on the 25th of September, 1851, and on
the 13th November following the telegraph was opened to the
public for transmission of messages, and has since that time been
worked without the slightest irregularity or interruption.
The feasibility of a submarine telegraphic communication having
thus been successfully proved, the promoters consider that the time
has now arrived for inviting the public to co-operate with them in
developing the resources and extending the advantages of this
im-
portant undertaking.
With this view they have obtained a Royal Charter of Incorpora-
tion, under which they will be enabled to work the existing French
line, and to lay down and work a submarine line of telegraph to
Belgium ; and this Company has concluded the necessary arrange-
ments for affording to the public the transmission and delivery of
dispatches to and from Great Britain and all the telegraph stations
in Europe (at present exceeding 200 in number), by a single payment
for the whole distance.
Contracts for the Belgian rope have been entered into with the
Gutta Percha Company and Messrs. Newell and Co., of Gateshead,
who have engaged to complete the same by the 11th of September
next, when it will be forthwith laid down from Dover to Middlekirk,
near I o Ostend, from which point the submarine wires will be placed
in communication with the general system of the continental
telegraph.
The concessions from the French and Belgian Governments secure
to this Company the exclusive right of submarine communication.
During the short time which has elapsed since the opening of the
submarine telegraph between Dover and Calais, the development of
this mode of communication has been retarded by the great delay
and expense incidental to the transmission of messages at each end
over the wires of other companies, and from this cause the public
have enjoyed but a small portion of the advantages which this won-
derful Invention of modern science is calculated to afford.
The Directors of the Royal Chartered Company have at length
succeeded in making arrangements whereby these impediments will
be removed, and messages from London to Paris and Brussels, and
sa, instead of requiring two or three hours for their trans-
mission,vi ce ver
be instantaneously conveyed.
A company, acting under the powers of an Act of Parliament, are
laying down a subterranean line of telegraph from the offices of the
Submarine Company, Cornhill, to Dover, and have engaged to con-
vey the messages of the Submarine Company for one-half the
amount now charged by the South-Eastern Company ; and thus,
whilst the whole machinery will be concentrated in one place, and
instantaneous communication secured, the Submarine Company will
be enabled to make a great reduction in the scale of charges to the
public.
As respects the commercial results of the enterprise, it may be suf-
ficient to remark, that in the face of all the disadvantages necessarily
attendant upon its introduction, the first six months' working of
the Dover and Calais line has yielded a clear profit at the rate of 5
per cent. per annum upon the capital; and the saving which will be
effected by the arrangement with the New Land Line will secure an
additional profit of 3 per cent. upon the Stock of the Submarine
Company. When the marvellous results which attended the intro-
duction of the penny postage are considered, it is difficult to form an
estimate of the vast extension of business which must follow the
development of telegraphic communication with the continent, under
a system of moderate charges and electric speed—more especially as
the cost does not increase in proportion to the business done, and as
the network of telegraphic wires is gradually spreading over the
whole of Europe.
Out of the capital of 150,0001. now to be raised, 75,0001. will be
set apart for the redemption of the 75,000 shares forming the capi-
tal of the French Company. The remaining half has been
propriated in carrying out the contracts already made for the Bel-
gian cable, the purchase of the patent rights, the Belgian con-
cession, and all Incidental expenses attendant upon the estab-
lishment of the Company.and the aettlement of the Royal Charter.
No further addition will be made to the Chartered Stock, without
the express sanction of the proprietors.
The allotment of shares, which was delayed until the Charter had
received the Royal assent, will now be proceeded with, and
any farther applications must be addressed, on or before the 31st
August instant, to Messrs. Foster and Braithwaite, 68, Old Broad-
street.
Dated 24th August, 1852.