The Sun.
London, England, 1864-04-08 00:00:00

WORKS.

Wharf-road, City-road, N., and East Greenwich, S.E.
This Company has been formed for the purpose of making
and maintaining telegraphic lines of communication, both
submarine and on land, in every part of the world.
The facility of intercourse which telegraphic communi-
cation now, in such extensive operation, has afforded to the
public in its varied communities—Political, Commercial,
and Social—has rendered that which was, but a few years
ago, regarded merely as a scientific experiment, absolutely
necessary for the purposes of our social system, and a
highly remunerative investment. It has been found that,
as in the case of railways (although to a much greater ex-
tent), telegraphic cables have uniformly developed a con-
stantly increasing traffic, with this remarkable and special
feature, that the more distant the points brought into con-
nexion, the greater the proportion of business done.
Experience has proved that increasing receipts from the
working of submarine cables bring with them only a
trifling proportionate increase in the amount of working
expenses.
Messrs. Glass, Elliot, and Company and the GuttaPercha
Company have hitherto together had the principal share in
the manufacture of submarine telegraphic cables.
The former firm, who have undertaken the manufacture,
laying down, and maintenance of the cables, have hitherto
obtained the inner cores of the cables from the Gutta
Percha Coin any, which has, in this branch of its trade,
confined itself entirely to the production of that part of the
cable.
Messrs Glass, Elliot, and Company have, during the last
ten years, manufactured and laid down in diff,rent parts
of the world no less than 6,500 miles of Submarine Tele-
graph Cable, whilst the Gutta Percha Company have, dur-
ing a like period. manufactured upwards of 9,000 miles ot
insulated wires for Submarine Telegraph Cables now iu
work.
It has been ascertained that the manufacture of entire
cables could be more securely and beneficially carried on
by uniting in one establishment the manufacture of the
outer cable and wires, and the execution of the portion of
the work heretofore separately executed by the Gat ta Percha
Company,and with this view contracts have been entered into
for the purchase of the entire machinery, premises, plant,
patent, stock, goodwill, &c., of the GuttaPercha Company,
by Messrs. Glass, Elliot, ad Company ; and that firm have
agreed to transfer to this Company, at the cost price to
them, the work so acquired. A contract has also been con-
cluded with Messrs. Glass, Elliot, and Company, for the
acquisition, by this Company, of their manufactory,
premises, patents, stock, and business, the consideration
being paid, to the extent of £lOO,OOO, in fully paid up
Shares of the Company. Under these combined arrange-
ments the Company will enter into possession of the anal"
gamated business and be entitled to tbeir profits as from the
Ist of January last.
The Company's business will be conducted under the
personal superintendence of Mr. Barclay and Mr. Glass, as
managing directors, assisted by the efficient staff of the
united Compenies.
The agreement with Messrs. Glass, Elliet, and Company
provides for the assignment, with the consent of the Trea-
sury, to the Company of the lease held by that firm of the
Submarine Telegraph between Malta and: Alexandria. The
Alexandria, Cairo, and Suez Telegraph, held by Messrs.
Glass, Elliot, and Company under agreement with the
Telegraph to India Company is also comprised in the
arrangement.
The large profits which have hitherto been realised by
both of the above firms, and the prospect which exists ot
considerable extension of the business justify the expects,
tion of a large return to the Shareholders, independently of
the profits arising from the working of the telegraph lines
above referred to.
Copies of the above contracts, together with the Articles
of Association of the Company, may be inspected t
Solicitors' Offices.
Applications for Shares must be made in the annexed
form ; but no application will be considered unless the de-
posit of £1 per share has been previously paid to the Bankers
of the Company. This deposit will be returned if no allot-
ment is made to the applicant, and if an allotment is made,
it will be applied towards the payment then due.
An option will be given to the Subscribers of taking one-
fourth of the Shares allotted as fully paid up Shares.
Prospectuses and Forms of Application for Shares may be
obtained at the Offices of the Company, and of the Brokers.
London, April 7, 1864.

FORA OF APPLICATION FOR SHARES.
(This Form should be presented entire to the Bankers of the
Company, who will detach the Receipt, andreturn it to the
Applicant.)
To the Directori
t of the Telegraph Construction and Main-
enance Company iL rafted!.
Gentlemen,—l request you to allot me shares of £Z,C
each in the Telegraph Construction and Maintenance Com-
pany (Limited, and I hereby agree to accept such Sha es,
or any lees number that may be al orted to me, s
eubject
rther to
the regmlatio ,s of the Company, and to pay th fu
Dep sit of £3 per share on allotment; and I authorise you
to enter my name on the Regis er of membe:s of the Com-
pany in respect of the s area fo me.
Name in full ......................
Usual signature ..................
Address in full ....................
Date