The Sun.
London, England, 1852-05-10 00:00:00

NETHERLANDS LAND ENCLOSURE
COMPANY.
SOCIETE ANONYME.
With liability limited to the amount subscribed, in accordance with
the law of Holland.
Carnal 6,000,C00f1. (500,0001.) in 50,00 shares of 1236. (101.) each.
Depcsit 24 florins (al.) per share.
COMMISSAIBES.
rince Joseph de Chimay, Member of the Chamber of Representa-
tives in Belgium.
James Asbwell, Esq., Managing Director of the Great Luxembourg
Company, Brussels.
Le Chevalier Dronet, Belgian Legation, London.
M. A. Brixhe, Engineer of Mines, Charleroi.
DIRECTORS.
Jobs Harvey Astell, Esq., 6, Vlgo-street, Regent-street.
Thomas Cotterell, Esq., 50, Eaton-square, Sheriff of London and
Middlesex.
M. Adolphe Deschamps, Member of the Chamber of Representatives
•in Belgium, and late Minister of Public Worls, and of Foreign
Affairs.
j- On B. Midge, Esq., Brixton-hill, Surrey.
M• Toe Laer, Amsterdam.
John Masterman, Jun., Esq., Nicholas-lam, London.
Richard W, Polly, Capt. R.N., Director of the Hudson's Bay Com-
pany.
B. Ferdinand Spitaels, Senator, Brussels and Charleroi.
1' • Tan der Lek do Clercq, Member fur Zealand of the First Cham-
ber of the States General, Holland.
11- J. Frausen Van de Putt, Member of the Provincial States in Zea-
land, and Banker, Goes, Zealand.
MANAGES° DIRECTOR.
M. Jean Van Alste r, Inspector-General of the Public Treasury at
Brussels.

BANKERS.
Messrs. Alstorphias and Van Hemert, Amsterdam.
Messrs. scheurleer and Sons, the Hague.
Messrs. Tie erghien, Delloye, and Co., Brussels.
Messrs. Masterman, Peters, and Co., London.
Messrs. Donon, Aubry Gautier, and Co., Paris.
ENGINEER.
Sir John Rennie, •F.R.S., London.
BROKERS.
Messrs. Cannon and Peliy, '26, Tokenhouse-yard:
SECRETARY (PRO TRW)
Mr. Nicholls, 46, Moorgate-street, London.
intlie River Scheldt, between the towns of Bergen op Zoom and
.twerps there exist on both sides of the river large tracts of land to
theltent of several miles. which at high water are covered by the
Sea, and at low water present a varying surface of several feet in
depth of the richest alluvial soil, which is rapidly increasing by the
daily action of the tides.
To reclaim and dispose of this valuable land is the object of this
Company.
• , The necessary powers for this purpose have been granted by a con-
session from the King of the -Netherlands for the term of 99 years,
commencing from August, 1851. The concession provides that in a
spacse between two given lines the Company may recover and enclose
land to the extent of about 35,000 acres.
The extreme importance of this undertaking attracted the atten-
tion of the Emperor Napoleon, and a barrier nearly identical in situ-
ation and purpwe with that intended by the present Company was
planned by him, but the decline of the empire prevented the execu-
tion of the project.
The yiequaci of the proposed works to the eostemplased result
bas been iniestiga ed by Sir John Rennie, me Engineer 4, f the Cum-
' Pany, whose'report will be found ann xed,
The matter ha, likewise been examined by Mr. A. Greve, the
engineer of the Waterstrast in Holland, under the Luthority of ,he
Mini ter ot the In crier • by Mr. Joseph Locke end Mr. George
Rennie, of Lonclia ; an 1 MOGUL Themmen, ce Zcalan 1, at tne re-
Vest of the iom -tees of th , Company and ri ports have bees
. Made by each of those gentlemen of a 114;1,1 favou;a le character.
'he e reports may be %een -t the dikes a the o,mpany.
Contrauts have been entered in o with respon ible English con-
tra( tors for he exe. alloy of the work, at sa h prices as will secure
the re-lamationhf tie la, d at about 201 per acre.
The • works will be commen, e 1 at once, and it is condd ntly ex-
ntc!ed that 4,000 acres e ill be ready for sale Li* cultivati n eluting
the present yeas ; in 1853 a flintier ex ent of about 5,000 acres on
the Bergen op Zoom side of tferi • er will be stm,larly encl,,set at
later periods, eaccessive portions of about 2,500 acres will be an-
nually enclosed, until the reclamation of the entire 35,000 acres shalt
have been completed.
In no part of Holland are the alluvial deposits found to be sf so
rich and so valuble a quality as in this province of Zealand; and Kis
affirmed with certainty that such lands will bear crops' for 29 years
in succession, without the application of manure.
• In the immediate neighbourhood of the Wended reclamationeand
ilOselo the small town of Bath, a considerable amount of land has
been acquired by a similar process, and cannot now be purchased at
701. per acre.
Alluvial land of precisely the same description as that conceded to
the company, situated at Saeftingen, on the borders of the Western
Scheldt, was lately sold by auction in Zealand by order of the Dutch
Government, and realised about NI. per acre, subject to the addi-
tional charge of constructing the necessary banks or dykes (estimated
at 101. per acre), making the price in reality at least 601. per acre ;
various proprietors of lanes on the borders of the Western Scheldt,
whose lands are worked by themselves, are now receiving a net
evenue of 81. per acre.
The expenditure u to the pe iod, and inclusive of the first reela-
. maths, of 7,500 acres, will not exceed 150,0001., and it is eap .cted
that an amount of property wilt b ther .by acquired sufficient to
ndemuify the shareholders for the capital then aavauced. and leave
a large balan:e for the prosecution f the remaining works.
The subsequent reclamation of the remaining, 27,500 acres, ex-
tending over a period of ten or twelve years, will furnish the means
of division. of a large bonus from time •to • time among the share-
hol
Oat of the net profits of the Company a dividend at the rate of 5
per cent. per annum will be paid to the ehareho ders on the capital
expended and the residue will be applied to th redemption of the
capital, and to a divislm in the sh,pe of bonus in trie following
mariner, viz.: 4-6 to the shareholders, Y-6 to the pro-
,•nlotere, and to the concessionaire, who has ceded his rights to the
P resent Compa- y.
In selling the lands provision has been made for the convenience
,of shareholders who may desire to become purchasers, that their
shares may be taken in payment of the purchase money at par, or
at the price of the day.
. The required caution money has been paid to the Dutch Govern-
%lent.
A considerable portion of the capital has been subscribed for tin
. the continent.
- After the payment of the deposit, no further call will be made of
larger amount than 10 per cent., or at shorter intervals than three
• Months.
APPlications for the remaining shares may be addressed; to the
Offices of the Company, 46, Moorgate-street, and to Messrs. Cannon
and Pelly, stockbrokers, 26, Tokenhouse-yard.
•
REPORT OF SIR JOHN RENNIE,
London, 14th April, 1852.
• Gentlemen,—At your request I have examined the diStrict of
laud, conceded by the Dutch Government to Mr. Dirk Dronkers, of
Middleburg, comprising an extent of about 35,000 acres now co-
?bred at spring tides. -
The feasibility of reclaiming this .valuals'e district attracted the no-
.. tle.e.of the Emperor Napoleon, and a company was proposed to be
mimed for that purpose. In 1846 Mr. Rennie saw it, and the idea
struck him. and be repOrted accordingly. Dirt-Locke, -elite-
Mode a repert to a similar effect, Its fact the .perfect
Of the measure cannot be doubted, and the only questions to be
considered are—
• me cost of reclama'ion.
z The value of the land when reclaimed.
,LlVith regard to the first. The expense of reclaiming the landmay
- divided into two parts, viz , the works of the canal and barrier,
and the additional sum regained to gain the land.
_ consider the expense of reclaiming the land, including the canal
....toregweda:herdriuerp,. will amount to abut 201. pee acre. And if the land be
„ recervered, and the proceeds applied to further reclamations,
"u‘blY only one-half of the proposed capital of 50„0001. will ever
regard to the second. It appears from the report of coin-
* P7rdist,:f7t6h:ritles, that the land when recta med will ,be extremely
ruable, and may be cultivated so as produce a profit of tip-
per acre English per a, num ; in order, hoWever, to
!!!timaM its real value, it will be better to-take the selling price of
rite day ; frem this it appears that on the 16th March last, at a pub-
ec sale at Hoist, in Zealand, by order of the Dutch Government.
sonic nnreclaimed lands similar to those conceded to the Company
An!sold for 501. per acre, and if to this be added the cost of ern-
nent the price would be nOl. per acre.
Assuming, therefore, the value of the lands of the Company, when
Ze,.,l4:_inted, viz , 35,000 acres, at 601. per acre. the whole would be
worth 2,100,003/. Now it appears that there are 7,500 acres fit for
simultaneously
reclamation, which may be commenced and carried on
with the canal. 4,000 acres of this quantity may be
gained this season at a cost of 150,0001., Oncluding the works of the
canal to that period. The 4,000 acres taken at 601. per acre would be
ii, 40,000/. ; and if more land can be reclaimed this season, which Is not
t 40,0001
the amount will be proportionably increased. Next see-
n a similar amount.of land may be obtained with alike result ; and
at each succeeding year an additional quantity of land would be
reclaimed until the whole quantity concede f has been completed.
s
tPPc'stng, however, the land net to be sold, but to be cultivated for
the benefit of the Company, then, taking the net profit of 61. per acre
according to the Flemish .valuation, there would be a revenue of
..20..0001. per annum ; and, unlike many other enterprises, the return
ld commence when only 'one-third of the capital has been
expended. Making every allowance, therefore, for contingencies, it
appears that there is just ground for expecting a profitable return On
-the capital.

.7;0

I am, gentlemen, your humble servant,

JOHN -RENNIE.
To the Directors of the Netherlands Land Enclosure Company.

TilE, MEGANTIC COPPER MINING ,
COMPANY,
In the Township of Inverness, in the County of Megantic;
• LOWER CANADA.
A Yreehold of 1,800 Acres of Land, to Ile vested in the Company
without Dues or Royalty. '
_ Capital 125,0001., in Shares of' IL each, payable on Allotment.
To be incorporated in Canada, pursuant to the 13th and 14th Viet., .
a- 18, of the Canadian Legislature, according to which alt liabi-
lity Of Shareholders is avoided, on the Capital being paid up.
BANKERS IN LONDON.
Messrs. Martin, Stone; and Martins.
ltr
~... SOLICITOR IN LONDON.
iv . 11. Cotterill, 32, Throgmorton-street.
Mr. Francisulß.LKElek, 213 N, LONDON.
•
ruscott, No.
street.
Threadneedle-street.
Mr. James Bartlett T "cRE7A2x IN LONDON.
1, Three King-court, 32, Lombard-
This vast and rich bed of
mineral land is most conveniently situate
in.the township of Inverness4,r,lebtiece county of Megantic, Lower Ca-
nada, about forty miles from
eisotf easy access at present, and
conveyance will be mach improved'
. now in course of eon-
mond and Melbourne Railway. This railway mpletion of the Rich-
e ensuing autumn, and
struction, is intended to be all laid dewy,
will pass about eight miles from the property, pbeyr ttyll•
and produce can be transmitted from and to _ and by it materials
Quebec With facility and
cheapness.
The
property is purchased (but with an option of tho
of
rvving it up
until the let of October next) for the sum of
100,cooi ,
the vendors agree to accept 50,0001. in shares, and bo,oowOlt.°C sum
the remainder of the capital is to be exclusively applied for the eWork-
ing of the mines, and to the generalpurposes of the company, for
which it is deemed amply sufficient. Power is conceded to work the
mines in the interim. the Produce to belong to the company if
,but if not, the produce is to belong
'property be accepted to the ven-
dors, freight, &c , the
dors, they paying all charges of . company
paying
the
costs incurred in working only.
ed experience and abi It
Mining captains of acknowledg
ly'with com-
petent• tors on the part of the company,accompanied by ono of
inspectors
will lea° England for Canada in May
the Board of management, ,
d on their re urn,
t which may be e - ' xpected
10 will property ;an
earliest moment, fully on the sta:e and
in July, report, at the
Prospects of it.
this extensive tract of mineral land
' The quantity of copper ore in
ht with facility and economy, thus
sunbounded, and may be wrong
f- and assuring early remuneration
Showing a desirable investment, ~__.
. -nd continuous dividends to SUbSCTIner3
results have been obtained
following :
BY analyses of the ores, the er, by Professor J. P.
77.44 per cent. ; 77.38 per cent. for copp
• ' Norton, of sfale Coliege. es Cooke, of Darlington.
73.7 per cent. for copper, by Jam
Mitchell, of London.
72 per cent. for copper, by John
1 Three King-court,
.
, Specimens of the ore may be seen as N. . $
-Lombard-street. 18, of the Canadian Le-
BY the Act'of the 13th and 14th Vict., c3P. a company for a pe-
. Vslature, a very simple inode of incorporating .
t of a shareholder
Vocl of fifty years is authorised, and all .
"bill
Y'
on thital of
the
for labourers' and servants' wages) ceases
be spat the
i•eie company being paid up. A copy of the Act may
-f•f!ee of Mr. Cotterill advisable that a Spe-
„, If the Board of Management should deem it ad
~."411 Act for the immediate regulation of this company should be ob-
i have from the Canadian Legislature, the vendors of the property
stipulated-to obtain one at their own expense. -
Until the comany shall be incorporated, and ac-
the property.
v'elnea; the capital subscribedwill bepaid to the Bankers, Messrs.
Mar.
Board tone, and Martins, to the credit of the Trustees in Lon
the eantime to be at
libertyof Management are, however, in the m
0 to draw to the extent of one' Shilling and, sixpence per share
n 75,000 Shares, for expenses: ' - •
oo.capital
the Incorporation and acceptance of the . property, .the
Rill be transferred to the account of the company in Canada, and
ZaPplied by the Board of 31anageifierit in payment,of the purchase
money, and for the general purposes of the company.
1,.,h0u1d it be determined by the Board of Management, after the
,'ll.7eY contemplated, and the farther reports to be obtained, not to
.roceed the balance of capital, after deducting the expenses to the
extent mentioned, divided over the 75,000 shares, will be returned
,the Parties producing certificates of shares
to Applications for shares, on or before the 22d instant, to be made
Mr. Francis Pawle. 23, Threadneedle-street; or to the London
s
eerclarY, at No, 1, Three King-court, 32, Lombard-street, where
prospectuses and reports of the Mine may be obtained.
--____

PATRON—H. R. H. PRINCE ALBERT. •
OYAL POLYTECHNIC INSTITUTION
it Bachhoner and Defrles's new Patent Polytechnic Gas Fire
7111 be exhibited and lectured on on Monday, Wednesday, and Fri-
\lY. as 31 Half-et Three. and on Tuesday* and 'Thursday Evenings, at
'ne•—Lecture on Music, by George Buckland, Esq., illustrated by
41
Lea Wern
Songs, every evening, except Saturday, at Eight e'clock:—A
f Lecture'
by j. H. Popper, Esq., on Glynn and Appel,Paper
or Patent
°C the Prevention of Piracy and Forgery by the Anastatic Process.
Lecture on the Britannia Tubular Bridge, illustrated by Mr, E.
‘,-
.larke's beautiful Model.—Lecture on Voltaic Electricity, by Dr.
lachhoffner.—.A apiondki New Series of Dissolving Views.—Rxhibi-
',Olt of the Microscope.—Diver and Diving Bell, &C., &e.
tiggion, Is.; r3chocla and Children under Ten Tears of age,
all-Pri.

LAURENT'S CASINO,
ARGYLL ROOMS, Great Windmill-street,
St. James's.
OPen every evening by Lament's Celebrated Band. Principal
,ornet-a-Piston, M. Boulcourt.
beets open at Eight o'clock. Dancing to commune at *line, and
Arrange at half-past eleven.
4cimini94=o. Nil siinjaa,