The Sun.
London, England, 1852-05-06 00:00:00

N°.18,603.]

riE SUBMARINE_ TELEGRAPH
COMPAN.Y.
Securing Exclusive Communication between Great Britain and the
Continent of Europe, under Privileges from the French, il,a,fieigian
Governmenti. ' '

Capiiil-150,000/ , in 30,000 shares of st. oath, to be paid in full.
Liability of Shareholders limited to the amount of Subscription.

. •
Offices. 30, Cornhill. . .
lIONOitART DIRECTORS.
MS.ROyal Highness the Duke of Cambridge. • •
His Excellency the Count Colonno Waleivskl, Ambassador of France
His Excellency M. S. Van der Weyer, Envoy Extraordinary mil
Minister Plenipotentiary of Belgium
His Excellency the Ch,valer Bun-en, Envoy Extraordinary and
Minister Plenipotentiary of Prussia •
His Excellency the Baron Bentinck, Envoy Extraordinary and I% -
nister Plenipotentiary of the Netherlands • •
Eris Excellency theme At ar D'Ateglio, EnVoy Extraordinary and
Minister Plenipotentiary of Sardinia
His Excellency Signor Isturiz, . Envoy Extraordinary and Minister
Plenipotentiary of Spain
His Excellency the Baron Koller, Envoy Extraordinary and Minister
Plenipotentiary L'oin the Emperor of_ Austria to tho King of the
Belgians.

CHAIEMAIC.
The Lord Dc 3fauley,

. .
DIRECTORS'.
A. A nd, rsOn, Esq., M.P., Director of- tho 'Peninsular aysl Oriental
Company
John W. Brett, Esq., 2, Hanover-square .
Ernest Bunsen, Esq., Abbey Lodge, Regent's-Park
Sir James Carmichael, Bart., Suvex.-gfirden3
The Hon. Frederick Cadogan, Hertford-street, May Fair •
W. J. Chaplin, Esq., M. Chairman of the _London and South-West-

ern Railway Company
Le Chevalier Dronet, Belgian Entbassy.
T. C. Granger, Esq., Q.C., M.P., Temple
S. Laing, Esq., Chairman of the,LOUdon and Brighton Railway Com-
pany
John Al asterman, jun., Esq., Nicolas lane, Lombard-street.
BANKERS—LONDON.
Messrs. Masterman, Peters, and.CO., Nicolas-lane
Sir Claude rcott and Co., Cavendish square.
- SOLICITORS.
Messrs Davies, Son, Campbal, and Hand, 17, Warwick-street, Re-

• •
gent-street - •
Messrs. Hughes, Keariey, and Co , 17; Bueldersbury.

SECRETARY.
L. C. Ilertslet,Esct.

In August, IV, the promoter i of the Submarine Te'egraph
kyrertch colppany .(3oc fete en Comulan-.
I-graphic cbmithnicatlon between Dover add

Bite), and established

• •
CUthils.
On the 15th November last the telegraph was. opened to the public,
since which time it
.has worked without the slightest irregu'arity
or interruption.
A Submarine Telegraphic communication having been thus suc-
cessfully proved, the promoters consider that the time, has now ar-
rived to invite the public to c -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 Sub arine Telegraph:—
A royal charb•r of incorporation was obtained in 1851, but It has
been determined to surrender the time for one of more extended
powers, enabling the Company to establish a Submarine telegraphic
Communication with all parts of the C, intinent of Europe.
The draft or this charter is now before the Board of Trade, and It
is believed that it will be llnally granted at the next Privy Council.

The capital of the French Company consists of 75,000 shares of I/.
each. _ _

It is proposed to surrender these shares for shares of a corres-
ponding value in the Company now forming under the aforesaid
extended Royal Charter. •
An exclusive conces-lon 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, thus securing 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., although it has been severely cramped in its
operations in consequence of its present position, forming, as it
does, only one link in the chain of continental communication ; but,
after allowing an outside margin for works and expenses, and for
laying down a distinct and most • complete line from Dever to
London, the returns during, the past month have been at the rate of
71. 18s. 31. per cen,.
In order to provide for the daily increase of business, and to secure
the telegraphic communication with the Continent against any risk
of interrupti 'n, it is proposed to lay down a second cable between
France and England, and also one between Dover and Ostend, which
will give 16 Telegraphic lines of communication between Great
Britain and the Continent, and amply supply the various lines of
France, Belgium, Holland, and Germany.
Responsible parties have undertakers to lay down these lines with 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 other 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 arrangements above referred to, not more than
'75,000/. of new capital will be required to carry out the objects in
contemplation.
The European and. American Electric Telegraph Company being
formed under the powers of the Act of Parliament in connection
with this Company, the arrangements for completing the extension
of the Submarine Telegraph to London; Manchester, and Liverpool,
will be immediately concluded, when the French Government have
undertaken to provide independent wires for the exclusive use of
the Submarine Telegraph from Calais to the centre of Paris. In the
course of a few months, therefore, the Exchanges of London. Liver-
pool, and Manchester, will be brought into instantaneous communi-
cation with that of Paris ; and the same principle may be carried
into effect with all the other cities of commercial importance through-
out the Continent of Europe.
An estimate of the vast extension of business which must follow
such a devel rpment of Telegraphic Communication, under a system
of mo terate charges, may be arrived at by a consideration of the
marvellous results which attended the introduction of the Penny
Postage. The day of experiment with the Submarine Telegraph has
passed, and all, therefore, which now remains is to afford every
facility to the puhlic to avail themselves of an invention which is
evidently destined materially to affect the interests of the Commer-
cial and Political World.
Applications for the 1;',00 Shares may be made to Messrs. Foster
and Braithwaite, Stock Brokers, 63, Old Broad-street, City.

THE EUROPEAN (and AMERICAN)
ELECTRIC TELEGRAPH COMPANY.
Incorporated by A:t of Parliament, 14 and 15 Vie., cap. 13.5.
In connexion with the Submarine Telegraph Company.
Capital 200,0001., in 40,00 Shares of 5/. each. Deposit 3/. per share.
Offices, 30, Cornhill.
CHAIRMAN.

Lord de Manley, Chairman of the Submarine Telegraph Company.