The Sun.
London, England, 1863-10-16 00:00:00

1N °. 22,247.

ITALIAN CIIUIt C H,
22, HATTON-WALL, HAT TON-GARDEN.
Next SUNDAY, Oct. 18, 18 ,3, HIGH MASS, at 11 a.m.
Followed by a solemn Procession with the most Blessed
Sacrament.
Music—Beethoven's Mass in C; Offertorium, a Composi-
tion of M. Costa, will be sung by Madame Rudersdort.
GRAND YES P.ERS, at '7 p.m., with Full Orchestra. The
" Beatus Vir," from Mozart. Benediction.
The Italian Band will accompany the chaunting during
the procession.
THE INDIAN TEA COMPANY
(Limited,.
rp
lncorJrated under the Companies' Act of 1862, with limited
lis Ca4,ital £250,000, in 12,500 shares of £2 each.
:Deposit £2 per share, LI to be paid on application, and £
on allotment. Calls will only be made at intervals of three
months, and no call will exceed £3 per share.
I ,IRECTORS.
Sir John Peter Grant, K.C.8., late Lieutenant-Governor of
Bengal, Willinhall-house, East Barnet.
Colonel Wiliam Anderson, C. 8., 19, Gloucester-square.
Arthur Capel, Esq., (Capel, Norbury, and Hallam), 1, Dunster-
court, Mincing-lane.
William Henry Elliott, Esq., late Bengal Civil Service, 42,
Upper Hyde-park-gardeas.
William P. Fergusson, Esq., 2), Langham-place.
Richard Rowe, Esq. (Clarke and Rowe), 7, Arthur-street west
James Stuart, Esq. (James Barber and Cu.), 136, Leadennall-
street.
Alf. ed Wilson, Esq. (Wilson, Bowles, and Co.), 9, Mincing-
lane.

BANKERS.
Meow. Masterman. Peters, and Co., 35, Nicholas-lane,

Lombard-street.
SOLICITORS.
Messrs. Johnston, Farquhar, and Leech, 65, Moorgate-street.

BROKERS.
Messrs. Hill, Fawcett, and Hill, 29, Threadneedle-street.

AUDITORS.
William Barton Ford, Esq., public accountant, 28, Ring-st ,
Cheapside ; Cornelius Nicholson, Esq., Muswell-hill, N.

AGENTS IN CALCUTTA.
Messrs. Gordon, Stuart, and CO.
SECRETARY PRO TEM.
W. C. Laurie, Esq.
Objects of the Company.—The objet of the British Indian
Tea Company (Limited), is to conduct tea planting in India
on an extensive scale, in some of the best localities, on
estates where the success of the tea plant has been already
established, and where a large extent of existing plantation
secures an immediate return, and afr ards a certain base for
further operations. With this view a provisional purchase
has been made of eight valuable estates in he tea-producing
districts of Assam, Cachar, Syihet, and Darjeeling.
The estates comprise 2,00 u aces now in plant, 750 acres of
which arc three year- old and upwards. The crop for the
current year. included in the purchase, is guaranteed to be
fully 160,u001b5., and 5 0 maunas, of 821bs. each, of tea-seed ;
next year the cr,,p of teals guaranteed to be at least 220,0u01b5.
In addition to the 2,000 acres in plant there are 40,,,0a acres
of uncleared lands, adapted for t. a plantations. The lands
are held either in fee sim,le, or under grants from Govern-
ment under the old rules, fir .9 years, at mere nominal rents,
and convertible into freehold tenure on very easy terms. The
price of these estates is £155,00, of which one-half is to be
paid in slaw es of the Company, the remaining half to be paid
in cash, by instalments spread over one year.
Profits.—The company will commence its operations with
2,000 acres in plant, and a crop as above stated of ICo,ooo.bs.
of tea, besides 500 reaunds of tea-seed, which is readily sale-
able at £8 to £lO per maund, if not required for extensions.
The profit on the tea and tea seed produced during the cur-
rent year, calculated at present moderate prices, will suffice
to pay at least an eight per cent. dividend on the paid-up
capital, and as large areas come into bearing tne Company's
profits will rapidly increase.
The estates Lave been selected with care by experienced
parties, and regard has been had not only to the quality of
the soil and its fitness for tea culture, but also to the supply
of labour and facilitiesfor transport. In many cases the lands
have a valuable river frontage.
The average produce of an acre of tea in India, after five
years, is trom 250 lb.:. to 300 lbs. and upwards The average
price at which tea of this quality now sells. deductinyf freight
and charges, is s. 10d. per lb., while cultivation and manu-
facture cost only 9d. per lb., and even less, leaving a net an-
nual profit of from £l3 to £l6 an acre, when the plantation
comes into 11111 bearing. Where tea of the usual quality of
Indian teas is grown, each acre of jungle, as it is cleared and
planted, yields alter five years a large annual profit; and
whe e extensions proceed in the neighbourhood of an exist-
ing plantati an, the expense for buildings and supervision is
very slightly increased.
The growth of tea will be the chief source of profit. The
Company will prudently extend the cultivat:on, as these
operations will greatly augment the value of its uncleared
estates. From the letter of the Calcutta correspondent of the
"Times,' which appeared in that journal on the 29th June last,
it will be s en that an immense field presents itself in India
for the cultivation of tea ; and, having regard to the present
and pr aspective vale of the plantations transferred to the
Company, it is confidently believed that the profits to the
shareholders will exceed those realised by the Assam and
other Indian Tea Companies.
Messrs. E. H. Higgs, A. D. Macleod, A. S. Campbell, and
E. Rushton, the superintendents of the estates, are men of
experience in tea planting„ and have been selected from per-
sonal knowledge of their character and capabilities. The
plantations are in efficient working order, having coolies
located on them, and are provided with a full supply of im-
plements for manufacture.
Messrs. Gordon, Stuart, and Co., of Calcutta. who have
paid much attention to the cultivation of tea, and have suc-
cessfully managed other prcperties,will be the agents for the
Company in India, under fhe direction of the Board in
London.
The peculiar features of the British Indian Tea Company
are these:—
I.
The large extent of tea plantations on its estates, already
in successful operation, placing its results more on past ex-
perience than on prospective estimates.
2. The price paid for the estates, being in like manner not
based on speculative estimates, but on an actual production
of tea adequate to pay at least 8 per cent. from the first, with
the prospect of a rapid increase.
3. The great capacity for early and economical extension,
with 49,000 acres of land, most of which is adjacent to the ex-
isting estates and bui,dings.
4. The distribution of these estates over four of the best
tea-growing provinces of India, giving facilities for labour,
and a security against any partial f allure in one locality from
unfavourable seasons, or other causes.
The Directors expressly intimate that there is no payment
to be made to promoters.
Prospectuses and forms of application for shares may be
obtained of Messrs. Hill, Fawcett, and Hill. the brokers of
she Company • or at tie temporary offices of the Company.
The amount Of £1 u on each share applied for must be paid
to the Company's bankers on application ; this sum will be
returned it no allotment is made to the applicant.
Temporary offices, 6, Great Winchester-street, E.C.
15th October, 1863.