The Sun.
London, England, 1863-06-15 00:00:00

THE ONLY OFFICE WHOSE BONDS AND POLICIES OP GUA-
RANTEE ARE ACCEPTED BY THE TREASURY, CUSTOMS,
INLAND REVENUE GENERAL POST OFFICE, AR, ADMI •
BALT Y, HOME, COLON lAL, INDIA, AND OTHER GOVERN-

„tENT .mE
A.TNTs.
THE EUROPEAN ASSURANCE SOCIETY.
DIRECTORS IN LONDON.
HENRY WICKHAM WICKTIAM, Esq., M.P., Chairman,
John Cheatham, Esq., Stalybridp-e,
John Field. Esq., 'Wainford Court, City.
Charles Forster, Esq., M.P. for Walsall.
Richard Francis George, Esq , Bath.
Henry H. Harrison, Esq., Hamilton-place, St. John's-wood.
Thomas C. Hayward, Esq., Minories and Highbury.
John Hedgine, Esq., Cavendish Club.
James Edward 'connell,
Esq., Wolverton.
C, W. Reynolds, Esq., Earon-place, Belgravia.
Richard Spooner, Esq., late ]ter Majesty's Commissioner of
Customs, Bomb,y.
H. `Wickham Wickham, Esq., M.P. for Bradford.
Thomas Winkworth Esq., Gresham Club, and Canonbury.
J. P. Brown-Westhead, Esq., 31. P. for York.
Security is provided in approved cases for Officers of Bank-
ing- and Commercial Est .blishments, Public Companies,
Municipal Corporations, and for other places of trust.
Life Assurance may be combined with Guarantee on ad-
Vantageous terms.
Prospectuses, F)rms of Proposal, and every information
'nay be obtained from the Chief Offices, 2. Waterloo-place,
Pall-mall, London ; and 39, G. orge-street, Edinburgh.

NORTH BRITISH AND
INSURANCE COMPANY.
Established 1809.
Incorporated by Royillr= and Special Acts of
Accumuhted and Invested Funds
Annual Revenue 422,401
FIRE DEPARTMENT.
Insuraw:es cfrantel both at Home and in Foreign Countries
On the most liberal terms.
LIFE DEPARTMENT.
Every facility offered to Insurers.
Ninety per Cent. of the Profits divided among the Insurers
on the participHting principle.
The new Life business ramacted in 1802 as follows :
Policies. Amount in=ured. Premiums.
1,037 £763,334 £23,641 0. 0
Forms of Proposal and evvy information will be furnished
on application at the

OrricEs :
LONDON 58, Threadneedle-street.
4, New Bank Buildings. Lothbury.
West-end Office.. 8, Waterloo-place, Pall-mall.

THE ADELAIDE (NORTH ARM) PORT
AND RAILWAY EXTENSION AND LAND COM-
PANY, SOUTH AUSTRALIA (Limited).
Capital £400,000, in 20,c00 shares of £2O each.
First issue 10,000 shares. Depo-it, 10s. per share, and 10s. on
allotment. Calls not to exceed £3, at intervals of not less
than three months.

A portion of the capital reserved for the Colony.
Five per cent. per annum 2-uaranteed during the construction
of the works.
Payments will be received in advance of calls.
DIRECTORS.

George Lathom Brown:,ks4:(iiii•ector 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 Lions „Dulwich.
`John Henry Harrison, Esq. (MeAsrs. 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.
lion. Alexander *Arthur cMessrs. W. an i A. WArthur,
Australian Merchants), 46, Mcorgate-Street, London.
George Peacock, Esq., Australian Merchant, 1, Lime-street-
square, London.
Albert Pelly, Esq. (Messrs. A. Pelly and Co., Merchants),
Finch-lane, London. E.C,
Henry Spicer, ESC( (Messrs. E. and H. Spicer, Merchants),
London and Adelaide.
LOCAL BOARD.

Bon, John Baker (late Member of the Legislative Council),

—Adelaide.
Iron, George Hawker (Speaker of the Legislative Assembly),

Adelat
Captain Lipson, RN. (late Harbour Master), Adelaide.
lion. Col. O'Halloran (Member of the Legislative Council),

Adelaide.
Iron. 1 hos. Reynolds, M.P. (late Chief Secretary), Adelaide.
lion. Abraham Scott, Mer hant, Adelaide.

BAN KERS.

Messrs. Barclay, Bevan, 'lritton. and Co., Lombard-street,
London.
South Australian Banking Company, Adelaide.
BROKERS.
Robert M`Ewen, Esq., Manchester.
Messrs. Taunton and Co, Liverpool.
Messrs. A. Scrutton and Son, 81, Old Broad-street. London,

SOLICITORS,

Messrs. Phillips and Son, 11, Abehurch-lane, London,
SECRETATUV—W. A• Payne, Esq.
Offices-36, Old Broad-stre t, London, E.C,

, - PROSPECTUS.
I. This company is formed fOr the PuriThose of affording
More convenient accommodation for the shipping and com-
merce of the colony of South Australia under the following
circumstances
The colony of South Australia, with its mineral and
agricultural products, is admittedly rich it. all things which
Can tend to create an extensive and prosperous trade with
other countries, and ni,thing 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 f rom the city
of thatname, and situated at the extremity of an arm of the
l'eai Which 'after leaving the point known as the North Arm
becomes a narrow and tortuous channel, two miles and three
quarters in length, difficult to navigate withow 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
ribs, broken backs, and conflagration—nor can these disad-
vantages and risks be remedied at the present shipping place,
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. (Se
Appendix.)
IV. 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 Successive Governors and other authori-
ties, colonists and shipping masters resorting to the port has
down to the present day been condemnatory of the Present
shipping place and in favour of the North Arm, as affording
the requisite facilities for accommodating a large amount of
shipping 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
'Water 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,C00 feet in length for wharf purposes, and
of over 1,500 laterally, immediately abutting on the site re-
served for Government Graving Docks.
VI. An advantageous arrangement has been made with
the proprietors of t'ie land required for the purposes of the
Company, by which nearly two-thirds of the purchase-
money will be taken in eferred shares, to remain in the
litnds 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, lode favour-
able to the shareholders. The property secured is about 700
acres (extending from the river across Lefevre's peninsula,
about 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 we-tern bank oppo-
site the site already secured, with a view to bringing, both
sides of the harbour within the phere of the Company's
perations.
VII. It is intended to construct upwards of 2,000 feet of
wharf frontage at once, where vesseis of the largest tonnag,
may lay alongside, and to erect wharves, warehouses, and
other conveniences, 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 short 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 1? 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 explris and imports for
the year 1850 amounted to L 1,416,389, that of 1860 to x. 3423,307,
and that of 1561 to £4,0,3,155, the wharf dues upon which
amount to upwards of £30,000 per annum.
IX. The frontage of the proposed wharves, extending for
-upwards of halt a mile, where vessels drawing upwards of 20
feet ot water canesme alongside at low water, offers such
superior eavantag,as must o vmusly secure a large propor-
tion of this business, and thus a very large return to the
shareholders, as by colonial law thel twhatrfariffduesoftohr goods
..
. er mr-
landed are levied according to regu aed
ont sources of revenue are suppliedsbyihiteterse, nithale of
aggregate
rental warehouses intended in the etnit
rental of which cannot be estimated at ,e,s than £12,000 a
Year ; also by the railways, land, and other
trheentoaplse,rawthioinchs
'Will accrue from the large population which
of the company sail atract to their property.
the
X. The cost of the undertaking, including purchase of
the land, the construction of wharves, railway
aeo ceommmurnnoda-
Von, and the vection of warehouse s and other
tion above-mentioned, has been carefully revised, and esti-
mated within
by the late 4 aptain Moorsom, C.E., at a sum
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 proprietors of the land will place in the possession
of the directors stcurittes to
pay 5 percent. per annum on the
paid-up capital until the works rks are so far completed as to en-
able the directors to commence the business of the Company.
XII. The direct,rs desire to draw attention to the iiniaar-
taut advanta, es offered by the
refer to the map and present
fefint undertaking, and con-
fidentlye' documents set fbrth
in the appendix, which embraces the site of the Company's
property, as establishing. the necessity for, and the highly
works.
remunerative character ot,stahnecrraopproesnedivvx
Prospectuses, with map
can be obtained
at the brokers, solicitors, and of the secretary at the Com-
pany's offices, 36. Old Broad-street, London,
FORM OF APPLICATION FOR SHARlif3e.
To the Directors of the Adelaide (North Arms)oPuto.hrt
nd
Australiaß ail
way Extension and Land Company,
(Limited).
Gentlemen,—Having paid to your bankers, Messrs. Barclay,
Bevan, and Co., the sum of £ I hereby request that
shares of £2O each in the Adelaide -u
will allot me(Northro
Arm) Port and Railway Extension and Land Company, South
Australia (Limit,. d) ; aed I hereby agree to accept such shares,
pursuant to the articles of association, or any smaller num-
ber that may he allotted to me. and to pay the calls on the
shares allotted. And I request you to Glace my name on he
register 01 shareholders.—l am, Gentlemen, your obediliat
servant,

Usual signature
Name in full
Address in full
PAte •••••••..eiesty Nowa wel..•