The Sun.
London, England, 1852-02-16 00:00:00

The West of Ireland Land Investment Company propose to pur-
chase some of the large and valuable estates in the West of Ireland.
which are now in the market, and to improve and let on lease, or
resell the same.
In no part of the British Empire can land be obtained on such
easy terms, and with such present and prospective advantages.
At no former period has so favourable an opportunity been pre-
sented for making eligible land investments in Ireland.
It is a strange but unquestionatle truth, that at the present mo-
ment several hundred thousand acres of good reclaimable land may
be bought in Ireland at prices scarcely higher than emigrants are
compelled to pay for cleared land in our colonial back settlements.
Owing to the legal difficulties that existed until lately to prevent
the transfer of landed property in Ireland, and the exaggerated value
generally placed upon it by its nominal owners, it was deemed hope-
less by English capitalists to seek permanent investments there,
especially as the number of pauper tenants, in many instances, was
so great as to make the Estates almost valueless, and to prevent
all attempts at the introduction of an improved system of agri-
culture.
The successful operation of the Encumbered Estates' Court, the
remarkable decrease of the labouring classes of the Irish population
exhibited by the late Census, and the universal desire to emigrate
that now exists amongst the peasantry, solve the chief difficulty in
the problem of Ireland's physical and social regeneration, and re-
move the most formidable obstacle to English enterprise la that
quarter ; the only one where it has hitherto been conquered by the
mere force of circumstances.
The province of Connaught has been chosen because it offers un-
questionably a preeminently suitable field for the purposes of the
Company, and still more because of the uniformly peaceful, loyal,
and tractable character of its inhabitants.
Practical :agriculturists, Travellers, and Tourists cf all Nations
have concurred in bearing testimony to tae unparalleled scope for
remunerative investment, which the counties of Galway, Mayo,
Sligo, Roscommon, a-d Leitrim, present to parties possessing ade-
quate means and ability to reclaim and cultivate the soil, and deve-
lope the various industrial resources in which this highly favoured
district abounds.
The principal reason why a larger number of English and Scotch
farmers have not been induced to take advantage of this splendid
opening for the profitable employment of their skill and money, has
been their reluctance to become isolated settlers in a country where
their individual efforts coup effect little in improving the cultivation
of the sell, or in the diminution of the poor-rates ; whilst they en-
tertain considerable apprehension for the safety of their persons and
property, without the co-operation and protection of men possessing
like habits and syMpathits, and engaged in the pursuit of similar
objects.
The Directors confidently hope that the project now laid before
the public will effect the enlarged realization of the celebrated pro-
position of Sir Robert l'eel for the improvement alai colonization of
Co. naught.
The absence of Markets has hitherto done much to deter persons
from becoming settlers, or engaging in any industrial enterprise in
the West, this has been mainly attributable to the want of sufficient
internal communication and means of intercourse with the metro-
polis ; the latter impediment to progress has already been removed
in a great measure by the recent improvements in the navigation
of the Shannon and the Western Lakes, and by the opening of a line
of Railway teem Galway to Dublin ; while the now probable realize-
eion of the long-desired steam communication with America is
another obvious source of a hitherto unknown prosperity.
The most effectual mode of promoting a better system of Agricul-
ture is to bring it into immediate connexion with the manulacture
of its own productions; the Company will therefore encourage the
growth of such Commercial Plants, as may form the basis of exten-
sive and highly remunerative Manufactures.
It was the original intention of its promoters, that the Company
should itself undertake these manufactures, but upon more mature
deliberation, it has been deemed prudent to limit its objects, and de-
vote its attention to the reclaiming, improvement, and reselling of
land alone; at the same time that it is prepared to promote by all
the means in its power the cultivation of root and textile plants so
peculiarly suited to the soil and climate of Western Ireland, as
Sugar-beet, Flax, Chicory, &c., &c.
It is needless to insist upon the great advantages of a Royal
Charter, by which the liability of a shareholder is limited to the
amount of his shares, but even were this out of the question, it
would be difficult to obtaln a better security for the outlay of
capital than improvable land at its present prices in Western Ireland.
A clause in the Charter provides for the allocation of ono-fourth
of the subscribed capital as an " Improvement Fund," to be ex-
pended in effecting surface and arterial drainage, reclaiming, and
generally improving and rendering marketable the estates of the
Company.
It is further provided, than on the sale of any of the lands of the
Company, the produce is to be either divided rateably among the
shareholders, or re-invested in further purchases.
The Diractors feel that it does not become them to speak of the
amount of anxiety and deliberation which they have bestowed in
framing a plait at este° practicable in its details, and worthy of
public conddenee, but they think that, it ought to be known as a fact
caleelated to encourage those who embark their capital in this un-
dertaking, that the present is the only scheme out of many which
have been submitted to the Board of Trade, whose professed objects
and proposed operations have met the approbation of her Majesty's
Government, as testified by the grant of a Royal Charter and the ap-
pointment of a Government Auditor.
In a review of Mr. Digby Seymour's recent work* on Western
Ireland, the " Bankers' Magazine" (Jan. 1e.52), after stating that
the Reviewer's intention was to treat the question " simply as a
financial one," thus emphatically pronounces its opinion upon the
present scheme. " We believe it has a claim en the attention of
capitalists that wit ensure its success." Other authorities abound
in expressions, of a similar confidence, but the Directors feel that a
simple statement of the views they entertrin, and the objects of the
present undertaking, will not require the aid of authority, or any
argument on their parts to ensure its favourable reception with a
discerning public.
They would, in conclusion, adopt the language of Mr. Seymour
who thus sums up his argument in favour a Land Company,

connexion with Western Ireland:—
" A Land Company, possessing a large tract of country, lestabish-
ing the best system of Agriculture, working its 3lines and Fisheries
if such there were—introducing new and important manufactures—
its whole economy administered by men of skill, rectitude, and per-
severance—promoting habits of industry most effectually by insur-
ing permanence. of employment—opening frtsh markets in conse-
quence of the large operations which it alone, possessing an ample
capital, could effect —hicumbered by no poor-rates, because employ-
ing the poor—too powerful for the attempts of petty prejudices -too
self-reliant to be deterred from its path by intimidation—uninflu-
enced itselt by sectarianism, in politics or religion, and offering no
impersonation of hostility, but approving itself to the good feeling
of all by its practical patriotism—possessing the advantage of
united counsels and associated energies—attracting to itself the
hopes of all good men, and the confidence of the community—able in
its collective capacity to approach the Government with such claims
to a favourable attention as no private individual could advance—
contemporaneously developing all the resources, agricultural, geolo-
gical, and manufacturing, of its possessions—l say that such a Com-
pany can alone undertake, with just hopes of success, a project at
once so formidable in its difficulties—so 'veritable as a int•de of In-
vesc tnent—so full of immediate blessings, and of future hopes—in
its conception, peradventure, weak and unimposing—in its execu-
tion, I trust, spirited and energetic - in its consummation, I would
pray, the harbinger ef a nobler and happier deviny for reclaimed and
regenerated Ireland!"

* " How to Employ Capital in Western Ireland." London--
Third Edition, dedicated by express permission to His Excellency
the Lord Lieutenant of Ireland : Eflingha.n Wilson, 11, Royal Ex
change ; James Ridgway, 169, Piccadilly ; John Hearne, 81, Strand.

FORM OF APPLICATION FOR SHARES.
To the Directors of 'the WeSt of Ireland Land Investment Company.

Gentlemen,
I request you will allot to me Shares of 25'. each in
the above Company. I agree to accept the same, or any less number
allotted to me, to pay the deposit thereon, and all future Calls as
and when made payable, and to sign the Deed of Settlement when
required.

Name •• • • •• •• •• ••
Residence• . • • •• • • • • ••
Occupation • • • • •• •• ••
Reference •• •• •• •• ••

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