The Sun.
London, England, 1863-06-12 00:00:00

A.D. 1720.

ROYAL EXCHANGE ASSURANCE
CORPORATION
(Established by Charter of his Majesty George the First)
FOR SEA, FIRE, LIFE, AND ANNUITIES.
Offices, Royal Exchange, London.
Branch Office, 29, Pall-mall.
OCTAVIUS WIGRAM, Esq., Governor.
GEORGE PEARRES BARCLAY, Esq., Sub-Governor.
Sir JOHN HENRY PELLY, Bart., Dputy-Governor.
DIRECTORS.
Henry Bainbridge, Esq. Wilmot Holland, Esq.
Ronert Barclay, Esq. Earl of Leven and Melville.
John Garratt Cattley, Esq' Chas. Jno. Manning, Esq.
Mark Currie Close, Es
Henry Nelson, Esq.
William Davidson, Esq The Hon. Josceline W. Percy.
Thomas Dent, Esq. Charles Robinson, Esq.
Alexander Druce, Esq. Samuel Leo schuster, Esq.
Fredk. Jos. Edlmann, Esq. Eric Carrington Smith, Esq.
Riversdale W. Grenfell, Esq. William Soltau, Esq.
obt. Amadeus Heath, Esq . Joseph Somes, Esq., M.P.
Tetlow Hibbert, Esq.' William Wallace. FAQ.
°as. Stewart Hodgson, Esq. Chas. Baring Young, Esq.
Medical Referee, SAMUEL SOLLY, Esq., F.R.S.
NOTICE.— [he usual fifteen days allowed for payment of
FIRE PREMIUMS falling due at Midsummer will expire
on 4th July.
FIRE and LIFE ASSURANCES may be effected with this
f 'crporation 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
ayable by persons who preferred that form of Bonus.
The divisions of Profit take piaci:. every Five years.
Any sum not exceeding £15,000 may be insured on one
Life.

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.

THE ADELAIDE (NORTH ARM) PORT
AND RAILWAY 14:XTENSEON AND LAND COM-
PANY, SOUTH AUSTRALIA (Limited).

Capital £4')0,000, in 20,, 00 shares of £?0 each.
Flrst issue 10,000 shares. Depo -it. 10s. per share. sr, d 10s. on
allotment. Calls not to exceed £3, at intervals of' not less
than hree months.
A Portion of the capital reserved for the Colony.
lye per cent. per annum guaranteed during the construct►on

_
of the works.
Payments will be received in advance of calls.

DIRECTORS.
Georze Lathom Brown, Esq. (Director of the Cape Town
Dock and Railway Company), Old Broad-s reet, London.
Lord Robert Cecil, M.P., 11, Duchess-street, Portland-place,
London
l'rederick, Doulton, Esq., M.P. (Director of the London and
je,ololaial Bank). Manor nous , Dulwich.
°J.III Henry Harri-on, Esq. (Messrs. J. H. Harrison and Co.,
Australian Merchants), Gresham-street, Lond.in.
Marshall. Esq (Messrs. Wilson, Bowles, and Co., Mer-
benants) 9, Mincing-lane, London, E.C.
Ran Alex ,nder IVcArthur ;Messrs. W. an i A. M'Arthur,
Australian Merchants), 46, Moorgate-stri et, London.
George Peacock, Esq., Australian lerchant, 1, Lime-street-
Eq are, London
Albert Pelly, Esq. (Messrs. A. Pelly and Co., Merchants),
Finch-lane, London, E C,
lienry Spicer, Esq (Messrs. E. and H. Spicer, Merchants),
London and Adelaide.

LOCAL BOARD.

Hon. John Baker (late Member of the Legislative Council),
A delaide.
Bon. George Hawker (Speaker of the Legislative Assembly),
Adelai e.
Captain Lipson, R.N. (late Harbour Master), Adelaide.
Hon. Col. O'Halloran ( llember of the Legislative Council),
Adelaide.
Hon. ; hos. Reynolds, M.P. (late Chief Secretary), Adelaide.
Hon. Abraham Scott, M.L.C., :Vier hant, Adelaide.

BAP RI RS.
Messrs. Barclay, Bevan, i ritton, and Co., Lombard-street,
London.
South Australian Banking Company, Adelaide.
BROKERS.
Messrs. A. Scrutton and Son, 81, Old Broad-street. London.

SOLICITORS.
Messrs, Phi Mrs and Son, 11, Abehurch-lane, London.
SECRETARY—W. 11. Payne, ESQ.
Offices-36, Old Broad-stre_t, London, E.C.

PROSPECTUS.

1. This company is formed for the purpose of affording
sore convenient accommodation for the shipp'ng 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 I,' al: things which
ton tend to create an extensive and prosperous trade with
D, 'her countries, and thing retards its elevation to the
convenienteint of commercial prosperity so much as the want
Of and sufficient accommodation for the shipping
resorting thereto.
lhat portion of the Port of Adelaide to which the
shipping at present resorts is about seven miles rom the city
of that name, and situated at the extremity of an arm of the
Lea, which after leaving the point known as the North Arm
"” tunes a narrow and tortuous channel, two miles and three
quarters in length, difficult to navigate withou. grounding,
and except at flood tide and with a favourable wind inacces-
sible to vessels without th expense of a steam-tug ; this ter •
Urinates in shoal water, where vessels are crowded t, gether,,
for the most part uround, subject to all the risks of brokenl
ribs, broken backs, and conflagration—nor can these, diead-
vantages and rho. s be remedied at the present shipping place,
as the water is shoaling up every year, and with a.l the pre-
sent heavy and constant expense inc. rred in dredging can-
not be sufficiently deepened for vessels to lie afloat. (See
Appendix.)
IV. The serious and important nature of this question has
frequentlyengaged the attention of the Colonial Government
and Parliament, and it may be sale.y affirmed that the effect
of the testimony of success! e Governors and other authori-
ties, colonists and shipping masters resorting to the port has
down to the present day b en condemnatory , f the "resent
sh pping place and in favour of the North A m, as affording
the requisite 'Belittles for accommodating a large amount of
shipping of all class, and of becoming, as originally in-
tended, and still desired, the permanent part for Adelaide.
(See Appendix.)
V. A. the North Arm is a magnificent sheet of deep
Water land-locked, forming a natural basal of great extent,
With smooth water and of easy navigation for vessels of the
largest burden ; and the site ~elected by the Company, unlike
the adjacent land, is eli vated 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,t 00 feet in length for wharf purposes, and
of over 1.500 lateral y, immediately abutting on the site re-
served for Government Graving Docks.
VI. An adv. ntageous arr-ngement has been made with
the proprietors of t e land require,i 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 p rid-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 tire 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-
Hite the site already secured, with a view to bringing both
aides of the harbour within the sphere of the Company's
Operations.
VII. IL is intended to construct upwards of 2,000 feet of
wharf frontage at once, v here vesseis 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 extenre on of two
utiles 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 D:y-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,
Vile As proving the opening afforded for additional ship
accommodation by the increasing prosperity of the colony, the
cOmmercP.l returns show that !he exp ir. s and impor s for
the year 1850 amountea to £1,416,389. that of' 1860 to .£3,423,107,
and that of 861 to £4,0,,3,165, 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 aavantages 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 clue-. for all goods
landed are levied according. to regulated tariff. Other impor-
tant sources of revenue are
nsupplied by the rental of commo-
dl warehouses included theestiamt estimates,
than £12,000 a
, the aggregate
rental of which cannot be estimated _
Year; also by the railways, land, and other
trheentoaplse.rawththicnha
Will accrue from the large population which
of the company wi'l atract to their property.
of
X. The cost of the undertaking, incladrinarlwtahyeepoumrcmh
a-
the land, the construction of wharyes9,n 0 umn purchase
c
tion, and the e ection of warehouses
etvihearedaroaamdmeoadtai--
tion above-mentioned, has been carefully revised,
E at a sum within
mated by the late
companyM
the first iss,e of the p'. capital. •It is also estimated
that the whole of this amount will not be required for twa
Years. Responsible contractors are prepared to
works within the eatimat . Any further capital willonly
execute the
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 directurs s curittes to pay spercent. per annum on the
paid-up capital until the wnees are so far completed, as to en-
able the directors to commencedes the business of th" ammo any.
XII, The dire ct rs
tent advanta, es offered tryrethto draw attention to the im or-
refer to the map .ande present undertaking, and con-
fidentlyin the appendix, which ernb
tine official documents set forth
ces the site of the Company's
property, as estabtishiner the necessity for, and the nighty
proposeda works.
remunerative character of, th
Prospectuses, with maps aneti
at th brokers, solinitors, and of
ialdixes. can be obtsinel
onsTretary at the Com-
pany's offices, 36. Old Broad-street,
FORM OF APPLICATION Fort SII"A. Es
RC.
To the Directors of the Adelaide (North Arm Port snd Rail-
South Australia
way Ext
(Limited)ension and Laud Company,
Gentlemen,—Having
paid to your, blahnekreerbs;3r
eqsuserss Barclay
Bevan, Bevan, and Co., the sum of £
witl allot me shares of £2O each in the Adelaide (North
Arm) Port and Railway Extension and Land Company,
Australia (Limit d) ; a d I hereby agree to accept suc,ag.oruth"'
pursuant to the articles cif association, or any smaller num-
ber that may he allotted to me, and to pay the calls on ti
shares allotted. And I request you to place my name on the
register of shareholders.—l a ce, Gentlemen, your obedient
servant,

Usual signature
Name in full
Address in full
Date