The Sun.
London, England, 1863-06-13 00:00:00

THE • •
L'lr OFFICE WHOSE BONDS AND POLICIES OP GIJA-
11ANTEE ARE ACCEPTED BY THE TREASURY, CUSTOMS,
INLAND REVENUE GENERAL POST OFFICE. WAR, ADMI•
ItALTY, HOME,
COLONIAL, INDIA, AND OTHER GOVERN-
MENT DEPARTMENTS.
TFIE EUROPEAN ASSURANCE SOCIETY.
E IsT
DIRECTORS IN LONDON.
R
j WICKHAM WICKHAM, Esq., M.P., Chairman,
JohnCheetham, Esq., Stalybridge.
2tan Field, Esq., Warnford Court, City.
Charles.Walsall.
_c Forster, Esq., M.P. for&i hard Francis George, Esq , Bath.
e
nry H. Harrison, Es Hamilton-Place, St. John's-wood.
j "nab) C. Hayward, Esq., Minories and Highbury.
ai
James Hedging, Esq., Cavendish Club.
Edward 3Pronnell, Esq., Wolverton.,
W. Reynolds, Esq.. Eaton-place, Belgravia.
Richard Spooner, Esq., late her Majesty's Commissioner of
Cust.'ms, Bomb
~
Wickham Wickham, Esq., M.P. for Bradford.
l:homas Winkworth,Gresham Club, and Canonbury.
I' P. 8r0,,n-W4asthead, Eaq., M.P. for York.
Security is provided in approved cases for Officers of Bank-
-052: and Commercial Est-iblishmeats, Public Companies,
'Alulicipal Corporations, and for other places of trust.
Life Assurance may be combined with Guarantee on ad-
Vantageous terms.
Prospectuses, Farms of Proposal, and every information
ma be ob.ained from the Chief Offices, 2, Waterloo-place,
PalYl-naall, London ; anct 39, Gorge-street, Edinburgh.

A.D. 1720.
ROYAL EXCHANGE ASSURANCE
CORPORATION
(Established by Charter 01 his Majesty George the First)
FOR SEA, FIRE, LIFE, AND ANNUITIES.
Offices, Royal Exchange, London.
Branch Office, 29, Pail-mall.
OCTAVIUS WIGRAM, Esq., Governor.
GEORGE PEARRES BARCLAY, Esq., Sub-Governor.
Sir JOHN HENRY PELLY, Bart., Deputy-Governor.
DIRECTORS.
Henry Bainbridge, Esq. Wilmot Holland, Esq.
Robert Barclay, Esq. Earl of Leven and Melville.
lohn
Currie GarrettClos Cate,l tev, Esq. Chas. Jno. 111anning, Esq.
Mark Fsq. Henry Nelson, Es.
William Davidson, Esq. The Hon. Joscelineq W. Percy.
Thomas Dent, Esq. Charles Robinson, Esq.
Alexander Druce, Esq. Samuel Leo Schuster, Esq.
Fredk. Jos. Edlmann,
--sq. Eric Carrington Smith, Esq.
RiversdaleW. Grenfell, Esq.
Pobt. Amadeus Heath, Esq. William Soltau, Esq.
Wm. Tetlow Hibbert, Esq.. Joseph Somes, Esq., MP.
William Wallace, Esct, Jas. Stewart Hodgson, Esq. Chas. Baring Young, .r,s(l.
Medical Referee, SAMUEL SOLLY, Esq., F.R.S.
NOTICE.— rho usual fifteen days allowed for payment of
Fl LIE PRENIIUMS falling* due at Midsummer will expire
on 9th July.
FIRE and LIFE ASSURANCES may be effected with this
Corporation on advantageous terms.
In the Life Department, assurances are granted with par-
ticipation in Profits, or, at lower Premiums, without such
participation.
The Reversionary Bonus on British Policies has averaged
nearly 2 per cent, per annum on the sum assured. Equivalent reductions have been made in the Premiums
Payable by persons who preferred that form of Bonus.
The divisions of Profit take place every Five years.
Life
Any sum soteyceeding £15,000 may be insured on one
This Corporation affords to the Assured—
Liberal participation in Profits—with exemption from
the liabilities-of partnership.
A rate of Bonus equal to the average returns of Mutual
Societies—with the guarantee of a large invested Capital
Stock.
The advantages of modern practice,—with the security
of an Office whose resources have been tested by the ex-
perience of nearly a CENTURY AND A HALF.
The Corporation have always allowed the Assured to serve
in the Militia, Yeomanry, or Volunteer Corps within the
United Kingdom, free of charge.

ROYAL EXCHANGE, LONDON.
ROBT. P. STEELE, Secretary.

nrIHE ADELAIDE (NORTH ARM) PORT
11 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.
Uortion of the capital reserved for the Colony.
Five per cent. per annum guaranteed during 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 bus , Dulwich.
John Henry Harrison, Esq. (Messrs. J. H. Harrison and Co.,
Australian Merchants), Gresham-street, London.
J. Marshall, Esq. (Messrs. Wilson, Bowles, and Co., Mer-
eniFinj,-Alarne,urLondon E.C.
Pleohnall•Atsl'ex%Mndi th ani A. M'Arthur,
Australian Merchants), 46, Moorgate-street, London.
George Peacock, Esq., Australian Merchant, 1, Lime-street-
. square, London.
ed Pelly, Esq. (Messrs. A. Pelly and Co., Merchants),
Pinch-lane,
Henry Spicer,London
Esq (Messrs. E. and H. Spicer, Merchants),
London and Adelaide.

LOCAL BOARD.
Iron. John Baker (late Member of the Legislative Council),
A delaide.
/ion. George Hawker (Speaker of the Legislative Assembly),
Adel ai 1 e.
Captain Lipson, R.N. (late Harbour Master), Adelaide.
Hon. Col. O'Halloran (Member of the Legislative Council),
Adelaide.
Hon. ri hos. Reynolds, M.P. (late Chief Secretary), Adelaide.
Ron. Abraham Scott, M.L.C., Mer,hant, Adelaide.
BARKERS.
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. Serutton and Son, 81, Old Broad-street, London,
SOLICITORS.
MeSsr6. Phillips and Son, 11, Abchurch-lane, London,
SECRETARY—W. H. Payne, Esq.
Offices-36, Old Broad-stre t, London, E.C.

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

IL The colony of South Australia, with its mineral and
agricultural products, is admittedly rich in all things which
can tend to create an extensive and prosperous trade with
other countries, and nuthing 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 city
of thatname, and situated at the extremity of an arm of the
becomes after leaving the point known as the North Arm
a narrOw and tortuous channel, two miles and three
an
quarters in length, difficult to navigate without grounding,
d except at flood tide and with a favourable wind inacces-
sible to vessels without th expense of a steam-tug ; this ter-
MMinatee in shoal water, where vessels are crowded together,
ile most part aground, subject to all the risks of broken
- te, broken backs, remedied can these e,
the and risks be at the present shipping place,
the water is shoaling up every year, and with ail the pre-
sent heavy and constant expense incurred in dredging can-
not be sufficiently deepened for vessels to lie afloat. (See
APDendix.)
_ IV. The serious and important nature of this question has
frequentlyengaged the attention of the Colonial Government
and Parliament, and it may be safety affirmed that the effect
of the testimony of successive Governors and other authori-
ties, colonists and shipping masters resorting to the port has
downtothe present day been condemnatory of the nresent
shipping place and in favour of the North Arm, as affording
the re
eee
requisite facilities for accommodating. large amount of
shipping of any class, and of becoming,
a originally in-
tended, and still desired, the
permanent pora t for Adelaide.
(See Appendix.)
V. A r 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 3,000 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 tne 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 h inds 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 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 he-we.itern bank oppo-
site the site already secured, with a view to bringing both
sides of the harbour within the sphere of the Com pany's
perations.
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 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 ot 12 miles of carriage between the
great producing districts and the port of the colony.
Vint. As Droving the opening afforded for additional ship
accommodation by theincreasing prosperity of the colony, the
commercial returns show that the exports and imports for
the year 1850 amounted to £1,416,389, that of 1860 to Z 3,823,307,
and that of 1861 to £4,053,155, the wharf dues upon which
amount to upwards of £30,000 per annum.
IX. The frontage of the proposed wharves, extending for
upwards of half a mile, where vessels drawing upwards of 20
feet of water can ceme 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, including the purchase of
the land, the construction of wharves, railway communica-
tion, and the cection of warehouses
and
acconim
Lion above-mentioned, has been carefullyother
revised, and
at a sum within
esti-
mated hy the late Captain Mooreoina, C.E.,
will not be required for two
first issue of the company's cat L It is also estimated
tVai the whole of this amount
Jeers. Responsible contractors are
prepared to
will only
to execute the
beWorks within the estimat . Any further
capital
raised as the increase of business and the advantage of
the company requires.
XI. The proprietors of the and will place in the possession
of the directors securities to pay 5 percent. per annum on thel
paid-up capital until the works are so far completed
(.7ted as to en-
able the directors to commence the business of th
XII. The directors desire to draw attention to the impor-
tan
t advantages offered by the present undertaking, ancon-
fidently refer to the map and the official documents forth
set
in the appendix, which embraces the site of the Company's
„
property, as establishing the necessity for, and the highly
remunerative character of, the proposed works.
Prospectuses, with maps
at th, brokers, solicitors a
and of the secretary at the Com-
pany's offices, 36, Old B appendixes, can be obtained
icle-Asf.rrieoeNt,
yLoOund SHARES.on, C
roast OP Broad-street,
To the Directors of the Adelaide (North Arm, Port end Rail-
way Extension and (Limited). Land Company, South Australia
Gent lemen,—Having paid to your bankers, Messrs. Barclay,
Bevan, and Co., the sum of
, I hereby request that you
shares of £2O each the Adelaide (North
will allot me
Arm) Port and Railway Extension and 7,and Company, South
Australia (Limit, d) ; a ..d I hereby agree to accept suet shares,
pursuant to the articles of association. or any smaller num-
ber that may he adotted to
shares allotted. And I request
me, and to pay the calls on the
register of ehareholders.-1 you to place my name on the
servant,
, Gentlemen, your obedient

Usual signature ...........
Name in full ....... ........
Address in full .......
Date............................

H E best TROUSERS for gentin to wear
11 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
rEli, PAIR.