The Sun.
London, England, 1863-06-11 00:00:00

THE ONLY OFFICE WHOSE BONDS AND POLICIES OF GUA-
RANTEE ARE ACCEPTED BY THE TREASURY, CUSTOMS,
INLAND REVENUE GENERAL POST•OFFICE, WAR, ADMI.
RALTY, HOME, COLONIAL, INDIA, AND OTHER GOVERN-
MENT DEPARTMENTS.
THE EUROPEAN ASSURANCE SOCIETY.
DIRECTORS IN LONDON.
HENRY WICKHAM WICKHAM Esq., M.P., Chairman,
John Cheetnam, Esq., Stalybridge.
John Field, Esq_, Warnford Court, City.
Charles Forster Esq., M P. fc,r
Richard Francis Geore,.Esq , Bath.
Henry H. Harrison, Esq., Hamilton-place, St. John's-wood.
Thomas C. Hayward, Esq Minories and Highbury.
John Hedgins, Esq.,Cavendish Club.
James Edward M‘ronnell, Esq., Wolverton.
C, W. Reynolds, Esq., Eaton-place, Belgravia.
Richard Spooner, Esq., late her Majesty's Commissioner of
Cust,-ms, Bomb4y.
11• Wickham Wickham, Esq., M.P. for Bradford.
Thomas Winkworth, Esq., Gresham Club, and Canonbury.
d • P. Bro n-Westhead, Ehq., M.P. for York

Security is provided in approved cases for Officers of Bank-
Inv and Commercial Est&blishmmats, Public Companies,
Municipal Corporations, and for other places of trust.

Life Assurance may be combined with Guarantee on ad-
vantageous terms. _ _ _

Prospectuses, Forms of Proposal, and every information
may be ob ained from the Chief Offices, 2, Waterloo-place,
Pall-mall, London ; and 39, George-street, Edinburgh.

THE ADELAIDE (NORTH ARM) PORT
1_ AND RAILWAY EXTENSION AND LAND COM-
PANY, SOUTH AUSTRALIA (Limited).
Capital £400,000, in 20,000 shares of £2O each.
First issue 10,000 shares. Deposit, 10s. per share, and 10s. on
allotment. Calls not to exceed £3, at intervals of not less
than three months.

A Dorton of the capital reserved for the Colony.
Five per cent. per annum guaranteedtturing the construction
of the works.
Payments will be received in advance of calls.
DIRECTORS.
George Lathom Browne, Esq. (Director of the Cape Town
Dock and Railway Company), Old Broad-street, London.
Lord Robert Cecil, M.P., 11, Duchess-street, Portland-place,
London, W.
Frederick Doulton, Esq., M.P. (Director of the London and
Colonial Bank), Manor Hous Dulwich.
John Henry Harrison, Esq. (Messrs. J. H. Harrison and Co.,
Australian Merchants), Gresham-street, London.
W. J. Marshall, Esq. (Messrs. Wilson, Bowles, and Co., Mer-
chants), 9, Mincing-lane, London, E.C.
Hon. Alexander M'Arthur (Messrs. W. ani A. M'Arthur,
Australian Merchants), 46, Moorgate-street, London.
Georg( Peacock, Esq., Australian Merchant, 1, Lime-street-
square, London.
Albert Peily, Esq. (Messrs. A. Peily and Co., Merchants),
Pinch-lane, London, E.C,
Henry Spicer, Esq (Messrs. E. and H. Spicer, Merchants),
London and Adelaide.

OCAL .
Ron. John Baker (late L
Member ofOARD
the Legislative Council),
A delaide.
Ron. George Hawker (Speaker of the Legislative Assembly),
Adelaide.
Captain Lipson, R.N. (late Harbour Master), Adelaide.
Ron. Col. O'Halloran Member of the Legislative Council),
Adelaide.
Ron. 'I hos. Reynolds, M.P. (late Chief Secretgryl. Adelaide.
Ron. Abraham Scott, M.L.C., Merchant, Adelaide.

Messrs. Barclay, Bevan, lritton,BANKEUS.
and Co., Lombard-street,
London.
South Australian Banking Company, Adelaide.
BnoxEns.
Messrs. A. Scrutton and Son, 81, Old Broad-street. London.

SOLICITORS.
Messrs. Phillips and Son, 11, Abchurch-lane, London.
SECRETARY—W. IL Payne, Esq.
Offices-36, Old Broad-stre.t, London, E.C.

PROSPECTUS.
I. This company is formed for the purpose of affording
it ore convenient accommodation for the shipping and com-
merce of the colony of South Australia under the following
circumstances :

11. The colony of South Australia, with its mineral and
agricultural products, is admittedly rich all things which
can tend to create an extensive and prosperous trade with
other countries, and nothing retards its elevation to the
highest point of commercial prosperity so much as the want
of convenient and sufficient accommodation for the shipping
resorting thereto.
111. That portion of the Port of Adelaide to which the
shipping at present resorts is about seven miles irom the cit
of that name, and situated at the extremity of an arm of they oea, which after leaving the point known as the North Arm
becomes a na.row and tortuous channel, two miles and three
quarters in length, difficult to navigate without grounding,
and except at flood tide and with a favourable wind inacces-
sible to vessels without th expense of a steam-tug ; this ter-
Minates in shoal water, where vessels are crowded together,
for the most part aground, subject to all the risks of broken
libs, broken backs, and conflagration—nor can these disad-
vantages and risks be remedied at the present shipping plate,
as the water is shoaling up every year, and with all the pre-
sent heavy and constant expense incurred in dredging can-
not be sufficiently deepened for vessels to lie afloat. (See
Appendix.)
V. The serious and important nature of this question has
frequently engaged the attention of the Colonial Government
and Parliament, and it may be safely affirmed that the effect
of the testimony of successi,e Governors and other authori-
ties, colonists and shipping masters resorting to the port has
down to the present day been condemnatory of the nresent
Shipping place and in favour of the North Arm, as affording
the requisite facilities for accommodating a large amount of
',hipping of any class, and of becoming, as originally in-
tended, and still desired, the permanent port for Adelaide.
(See Appendix)
'V. At the North Arm is a magnificent sheet of deep
Neater land-locked, forming a natural basin of great extent,
with smooth water and of easy navigation for vessels of the
largest burden ; and the site selected by the Company, unlike
the adjacent land, is elevated above the highest flood, has
deep water in immediate proximity to the shore, and an
abundant supply of fresh water, with a frontage to the
harbour of over 3,100 feet in length for wharf purposes, and
of over 1,500 laterally, immediately abuttin on the site re-
served for Government Graving Docks. g
VI. An advantageous arrangement has been made with
the proprietors of toe land required for the purposes of the
Company, by which nearly two-thirds of the purchase-
money will be taken in referred shares, to remain in the
It tilde of the directors, on terms securing to the shareholders
a priority of dividend to the extent of 5 per cent., till the
profits yield sufficient to pay that amount of dividend on the
aggregate of the paid-up capital and deferred shares. The
remaining one third is to be paid in cash, at pe,iods favour-
able to the t,hareholders. The property secured is about 700
about
acres (ex.lending from the river across Lefevre's peninsula,
one mile in breadth to the Gulf Anchorage), to be con-
nected with the western bank by means of a steam floating
bridge, and the Company has also arranged to purchase on
favourable terms additional land on the we4tern bank oppo-
site the site already secured, with a view to bringing both
sides of the harbour within the sphere of the Company's
operations.
VII. It is intended to construct upwards of 2,000 feet of
wharf frontage at once, where vessels of the largest tonnage
may lay alongside, and to erect wharves, warehouses, and
other conven ences, affording ample accommodation to the
shipping resorting to the port. Also an extension of two
miles of railway to complete the line already laid down by
the Government, from the city of Adelaide to the North Arm,
and a shore line of four-and-a-half miles to the Dry-Creek
Station, on the Great North and Murray River Railway,
thereby effecting a saving of 12 miles of carriage between the
great producing districts and the port of the colony.
VIII. As proving the opening afforded for additional ship
accommodation by the increasing prosperity of the colony, the
commercial returns show that the exp-irts and imports for
the year 1850 amounted to £1,416,389, that of 1860 to £3,423,307,
and that of 861 to £4,063,185, the wharf dues upon which
amount to upwards of £30,000 per annum.
IX. The frontage of the proposed wharves, extending for
upwards of half a mile, where vessels drawing upwards of 20
feet of water can come alongside at low water, offers such
superior advantages as must obviously secure a large propor-
tion of this business, and thus a very large return to the
shareholders, as by colonial law the wharf dues for all goods
landed are levied according to regulated tariff. Other impor-
tant sources of revenue are supplied by the rental of commo-
dious warehouses included in the estimates, the aggregate
rental of which cannot be estimated at less than £12,000 a
Year ; also by the railways, land, and other rentals, which
will accrue from the large population which the operations
of the company will atract to their property.
X. The cost of the undertaking, inclading the purchase of
the land, the construction of wharves, railway communica-
tion, and the e -ection of warehouse s and other accommoda-
tion above-mentioned, has been carefully revised, and esti-
mated by the late t aptain elooreom, C.E., at a sum within
the first issue of the company's capital It is also estimated
that the whole of this amount will not be required for two
years. Responsible contractors are prepared to execute the
works within the estimat . Any further capital will only
be raised as the increase of business and the advantage of
the company requires.
XI. The proprietorsers.t.oefsthelaay 5 percent. per annum on thend will place in the possession
of the directors curl to p
paid-up capital until the works are so far completed as to en-
able the directors to commencethebusinessof thethCeomimplo
Company.
XII. XII. The directors desire to draw attention to
taut advantat es offered by the present undertaking, and con-
fin refer to the map and t
in the appendix, which embraces theysiteo!
athhde Company
highly
Prospectuses, propert--,
y as establishing the necess
remunerative chaelicter of, the Works.proposed
can be obtained
Prospectuses, with maps and appendixes,
at th, brokers, solicitors, and of the secretary at the Com-
pany's offices, 36, Old Broad-street, London, E. C.
FORM OF APPLICATION FOR SHARES.O
To the Directors of the Adelaide (North Arm, Port end Rail-
way Extension and Land Company, South Australis
(Limited).
Gentlemen,—Having
Bevan, and Co., the sum of £ , I hereby request that you
paid to your bankers, Messrs. Barclay,
will allot me
Arm) Por (Limitail
sharesway of £2O each in thedcAudmelpaaidhey,(Lourtthh
Australia
assoc
d); y-ension and Lan
pursuant to the articles (herebyo num-
ber that may be ail iaagtiornee.
smallertooracancyeptsuch shares,
shares allotted. And I
otted to me, and to pay the calls on the
register of shareholderbr•nulest you to place my name on the
servant, a o, Gentlemen, your obedient

:ullu
in gninaitiu:
isIJDA
asadumtdearele.ss
st
..

THE FARMER'S BAROMETER, 605., a
new Instrument by Iscegretti and Zambra, will cor-
rectly indicate whether the Ba, orneter falls for Rain or for
Wind. Particulars by enclosing stamp.-1, at
;
57, Cornhill ; and 122, Regent-street.

HET best TROUSERS for gEntlenien to wear
are those made by ELSTOB, of 60, New Bond-street.
They are neither so low in price as to necessitate their being
carelessly put together, nor so dear as to gain only the
wealthy as purchasers. "In media via tutissimus ibis.'
ELSTOB'S TROUSERS, TWENTY-ONE SHILLINGS
PER PAIR.