The Sun.
London, England, 1863-05-28 00:00:00

:3fBER.

Brecon
Richmond 22
Monmouth 24
Manchester Autumn 25
Newmarket.lst Oct. 29
BE R.

OCT

NOME;

IRI

Lincoln Autumn 20
Newmarket. Houghton 26
:MBER.

Shrewsbury Autumn.... 7

.SII.
'NE.
Curragh 23

The annual general meeting of shareholders in
,he Madras Irrigation and Canal Company was held
o-day. The report, which gave a succinct account
of the operations of the company, stated that the
discussions with the Secretary of State for India
had been brought to a satisfactory conclusion, and
that an arrangement had been made whereby those
difficulties which had so long impeded the settle-
ment and execution of a formal contract, and seri-
ously retarded progress, had been removed, and the
right to construct and develope the entire scheme
of works originally selected for the undertaking
had been secured to the latter upon terms really advan-
tageous, and its prospects were materially improved.
Steps had been taken to amend the company's
act of incorporation, by the addition of clauses ren-
dered necessary by the new arrangement. The
shares representing the fresh capital will, when
issued, be offered to the existing shareholders, pro
rata. The price to be charged for water sup-
plied for irrigution from the company's works
has been for the present fixed at four rupees
(Bs.) per acre for the first crop, and iu all proba-
bility a like charge will be made for the second
e
crop. In view of the now improved position of the
companycompany the directors state that they feel justi-
fied in expressing a confident belief that the pro-
secution of operations will henceforth be‘h
re-
ceipts up to December last amounted .to
regu-
lar and satisfactory than hitherto. 1
and the expenditure to £250,442, leaving a
balance
in hand of £410,699. Mr. James
Thompson, who
£661,141,a1n
occupied the chair, moved the adoption of the re-
port,inandtaontdhegood results expected from the late
the course of his observatepool Newiornsrferred
at length to the prohgraessstea
efmtshheip e Liverpool,
works,
guarantee obtained from the Government.
sYteottUrmkie IraTnGEd/Da Ps
ghSoiTwi Aa
sdleEi Ilse% MAlL.—Thei
yesterday from Liverpool P a
l y 'Bf
forscrewNew
York with the United States mails,
she took out a fair extent of
givQUlis the passengers,ENfSoLlAloNwDin
geOTT ON carg Besides the mails
o, and had 20 cabin
.—An Australian paper
able character ofthe
l particulars respecting the profit-
" The calculationapub cotton cultivation in Queensland :
of 1,280 acres are
certainly hed of the profits of cotton estates
entering
minutely into
them,
it may be stated that the en-
tire expenditure of the firstyear, including the deposit
money, is calculated at o
n 4,50,
-„028 of the second £1,550, and of
the third £1,500. The
fivarslutinyg thear'efiriocmt plro6-0
acres under crop
is set
dw produce
at
xof theB
duce of the cotton at 92. per pound. The returns of the
second year are given at £1,219, and of the third at £4,400.
The total proceeds of the operations of the three years (in-
cluding returns from oil and oil cake made from the crushed
seeds) are estimated at £13,217. Deducting 10 per cent. for
unforeseen expenses, a sum of X 11,896 is left. Subtracting
that amount the bonuses, amounting in all to x.
the operation still shows a clear profit (in addition n
the
the
io
bonuses) of £2,Coo,while the freehold of the landn hn, t
meantime, become the property of thelisceodm
pa.
If these
they chal-
calculations are capable of being
realised—and
to see the lenge examination—we are not unlikely and y
in
importance not
second cultiva-
tion of cotton assume in Queensland
d to the growth of wool, with
or without the bonuses
which are offered for the immediate encouragement of cot-
ton plantations."
GARIBALDI.—
A Turin journal publishes the
following letter
from Garibaldi :—" Caprera, May 14. My
dear Gargiolo —I have received the copies of your pamphlet
entitled 'The True Origin of Brigandage and the Means of
Destroying it,' and I thank you. I shall read your work
with pleasure, although I am persuaded that the origin of
the brigandage is at Rome, the seat of European reaction
and the residence of crowned brigands. The only means of
destroying them is to expel the whole brood, and send to
the devil bot
," the protector and protected.—Wholly yours,
GARIBALDIh