The Sun.
London, England, 1862-11-27 00:00:00

THE SOUTH AFRICAN IRRIGATION and
INVESTMENT COMPANY (Limited).
To be incorpo.ated under the Companies Act, 1862,which
specially limits the liability of each Shareholder to the
amount of his Shares.
Capital £1,000,000, in 90,000 Shares of £5O each. (Fewer
to increase.) First issue 10,000 shares.
b
Deposit on application £1 per Share, and a further pay-
£l per of £1 per Share on allotment.
alls not to exceed £2
Per Share, and three months' interval between each Call.
is
It not intended to call up more than £lO per Share.
.1.04 lotarry, DIRECTORS.
t sq., DIRECTORS.
don and Nephews), Lon-
don and Cape Town, Director of the London and South
African Bank.
°era% Black, Esq., (Black and Co.), Merchant, London,
..Grahara's Town, and Port Elizabeth.
Alexander Croll, Esq.(Alexander Croll and Co.),Merchant,
London and Port Elizabeth.
Alfred Jarvis, Esq , London (late Chairman of the Coin-
liraercial Bank Port' Elizabeth).
,_eLuornyd SollearnmdandapEesqT.o,
wMerchant (Levicks and Sherman),
Joseph Rosenthal Esq., Merchant (Mosenthal and Co.),
J London, Port Elizabeth, and Cape Town.
Paterson,Esq. (Paterson,Kemp, and Co.), Merchant,
°tid°n, and Cape of Good of Hope,Director of the Stan.
ard Bank of British South Africa.
4° C. Stewart, Esq., Merchant (Stewart and Co.), Liver-
Pool and Port Elizabeth.
The ANKERS.
Alliance Bank of London and Liverpool, Lothbury,
London, and The Albany, Liverp3ol.
SOLICITORS.
Messrs. Flux and Argles, Mincing-lane, London.
Messrs, J" BROKERS.
and Whitehead, 8, Moorgate-street, London.
TEMPORARY OFFICES.
NO, 27, Moorgate-street, London.
PROSPECTUS.
,lhe South African Irrigation and Investment Company
11l established with a view to aid in the furtherance of those
Public undertakings in the South African Colonies, includ-
rß the Cape of Good Hope; British Kaffraria, and Natal,
Which their resources may be more fully developed ; the
Yresult being in the opinion of the Directors, certain to prove
4iost satisfactory to thoseho embark their ital. The Com an 's operaons will embrace tphree main
objectsP Y
Ist, That of a Land and Irrigation Company.
2d. That of a Public Works (more especially a Light-
Izig,3d Paving, and Water Company) ; and
. That of a Trust, Loan, and Investment Company.
It has seemed wise to the Directors to combine these ob-
Pets in one company, since, while all are entirely com-
Patible, and can be very properly undertaken under one
Management, the heavy expenses of offices, directions, and
servants for separate companies will thereby be avoided.
jjae South African Irrigation and Investment Company,
t7rdie Meeting the wants most keenly felt at the present
tnO by the South African Colonies, cannot fail to realise
Its Shareholders ample returns upon the capital.
As a Land and Irrigation Company it will enter upon a
110°.r Promising field of operations. Large tracts of fertile
the aog the riders, and in the great karoos or plains of
by ic,.,4°11M7, are to be purchased at very low prices, whin,
rfve-,;gati'M works, in dams, tanks, or water leadings from
ties illaY be converted, by no great outlay, into proper-
returnstnanYtim their original value. The Government eoi for 1860 of the value of landed estates in these
that where by private enterprise irrigation
al 8 have been constructed on farms, the enhancement of
ii-Lue has been from five to tenfold ; and as such results
t.a4evte been achieved by private enterprise, yet more satis-
o, °IT results may be looked for where labour is more
nixed and scientific skill is brought to bear.
to °tette Company wl not only puchase lands with a iew
after theil construction of irrigation works,v but
Qoo~ake con‘racts for the construction of like works upon
te— !Ill:tient and private lands. It is to be in eon-
-I.,_"Platiori in next session of the Colonial Parr]iament to in-
)77,,sullee a bill to facilitate the construction of a series of Go-
84,1_4ent tanks, and to secure on the capital employed in
0f.'2,,L works on Government land a Government guarantee
"at least 6 per cent. per annum.
Africa Public Works Company for the towns of South
a the prospect is equally inviting. There is scarcely
'4ll of magnitude which is not now prepared to offer
moate liberal and remunerative terms to this Company, to
South-
Eastern to it a constituted Water and Gas Company;, and
rt Elizabeth (now the commercial capital of all aouth-
Africa)caused a Bill to be introduced into last
peran°n of the Colonial Parliament, charging the whole
45-0013erirtY of the town for £BO,OOO, to guarantee at least
The D
per annum on outlay for works for water supply
4e Directors feel that the present is a most favourable op-
t ms„ y for the establishment of a Company forl bPuabblilee
4s, and they confidently anticipate that they
:-."Mplete arrangements with the authoritiesdat;Patoerrt
lzsbeth to become its Lighting, Paving, an
Co
nutt„,Patl so to ensure a most favourable commence-
of business,and facilitate future operations. It may
b,—,LQ.eutioned that in towns where, by authority of local
Pave Proved
water-works have been constructed, they
f"ve proved sources of very large profits on the capital
V'ested, and the only Gas Company in operation in
piZteLAt.frica pays annual dividends varying from 15 to 20
" us
4-8 a Trust Company a very considerable and profitable
mess can be done. It will be in position to offer very
ample security to constituents, and the following statement
of selling prices of Shares in existing Trust Companies will
show what may be doneunder this head

Compan.

i--- Paid P. Selling Price
—7l. .d. Board of Executors 1( 00 0 360£ 80
0
Association for Administering
Estates
General Estate, &c. 2OO 0 0 252 0 0
Port Elizabeth Guardian and
Trust