The Sun.
London, England, 1865-06-27 00:00:00

'REMEMBER, YOU WILL SEE YOUR
„,, FRIENDS at " EVANS'. After the Opera we
Sup there!

kINAHAN'S LL
RAWNHDYISKY v. COGNAC
cele crated Old IRISH WHISKY rivals the finest
-"riNCII BRANDY,
It is Pare, Mild, Mellow, Delicious, and very Wholesome.
„Sold in Bottles, 3s. Bd., at the Retail Houses in London; by
tt• A
. agents in the principal towns in England ; or wholesale

8, GREAT WINDMILL-STREET, LONDON, W.
Observe the Red Seal, Pink Label, and Cork branded
Itinahark's LL Whisky."

SA VE YOUR POOR TEETH, and Dymomin
0, your Cigars. —BUTCHES PATT KEY-ItING
NTPPERS are sold everß' ywhere. Price ld.

UTUAL LOAN FUND ASSOCIATION
(Incorporated by Act of Parliament, 1850).
14, RUSSELL-STREET, COVENT-GARDEN,
„I,ENDS MONEY on Personal and other Security, sums
'4 £2o to £5OO, to be repaid by instalments extending over
1541 e, two, or three years. The large Capital of this Associa-
ob enables it to complete its transactions without delay.
1;9 inquiry or office fees. and strict secrecy observed. Bills
Y.lscounted at short notice. Form sent free on receipt of a
directed stamped envelope.
The Association also lends Money for the purchase of a
louse by a teuant, or for the liquidation of mortgages, on
',form most advantageous to the borrower.
EDWARD HARPER, Secretary.

Iles CREDIT FONCIER and MOBILIER Of ENGLAND (Limited)
in conjunction with the IMPERIAL MERCANTILE CREDIT
ASSOCIATION (Limited), are prepared to RECEIVE SUB-
- SCRIPT lONS for £50,000 PREFERENCE SHARES, being the
'ALANCB of the CAPITAL of
r. HE ATLANTIC TELEGRAPH COMPANY
Not yet issued to the general Public, viz.:
50,000 Preference Shares of £5 each, bearing 8 per Cent.
per Annum.
Preference Interest authorised by Special Act of Parliament.
Deposit £1 per Share on Application, and £4 on Allotment.
No further Liability of any kind.
'PAch Subscriber's Liability being specially limited by Act
of Parliament to the Amount of his Subscription.
FOLLOWING ARE THE DIRECTORS OF THE ATLANTIC
TELEGRAPH COMPANY.
The Right Hon. JAMES STUART WORTLEY, Gover-
nor of the Credit Foncier and Mobilier of England
(Limited), Chairman.
Curtis M. Lampson, Esq. (Messrs. C. M. Lampson and Co.)
London, Vice-Chairman.
.4corge Peabody, 22, Old Broad-street, London.
rancis Le Breton, Esq., 21, Sussex-place, Regent's-park.
John Pender, Esq., M.P., Manchester (Director of the Bri-
tish, and Irish Magnetic Telegraph Co.).
Edward Moon, Esq., Liverpool
*anmel Gurney, Esq., M.P., 65, Lombard-street, London
(Messrs. Overend, Gurney, and Co.).
Edward Cropper, Esq., Swaylands, nearPenshurst (Director
of the British and Irish Magnetic Telegraph Co.)
~‘'aptain A. T. Hamilton, 12, Bolton-row, Piccadilly.
"; P. Bidder, Esq., 24, Great George-street, Westminster
(Director of the Electric and International Telegraph
0., and late President of the Institution of Civil
~.Engineers).
sir Edward Cunard, Bart., Old Broad-street, London.
HONORARY DIRECTOR.
It Stephenson, Esq., late Official Director on this Board
on behalf of her Majesty's Government, and now Chair-
man of the Board of Inland Revenue.
ELECTRICIAN.
Cromwell F. Varley, Esq.
CONSULTING COMMITTEE.
13tain Douglas Galion, R.E.F.R.S.
william Fairbairn, Esq., F.R.5.., late President of the
tritish Association.
Joseph. Whitworth, Esq., F.R.S.
professor Wheatstone, F.R.S.
professor W. Thomson, F.R.S., of Glasgow.

SECRETARY.
George Saward, Esq.
OFFICES-12, St. Helen's-place, E.C.

The distribution of these shares will be made as nearly
possible as follows :-
10,000 Shares will be appropriated to applicants who are
Shareholders in the Credit Fonder and
In Mobilier of England (Limited).
who are
-1000 Shares will be appropriated to applicants
Shareholders in the Imperial Mercantile
nCredit Association (Limited).
10,000
Shares will be appropriated to applicants who are
Shareholders in the Atlantic Telegraph
Company.
10,000 Shares will be appropriated to applicants who are
Shareholders in the Telegraph Construction
and Maintenance Company (Limited) ; and
10,000 Shares will be appropriated amongst the general

public.
The above numbers are so far approximative as to be sub-
)6et, to reduction or increase according to the total number
°' applications made, it being the intention, however, that
t'ach applicant shall receive an allotment.

BANKERS.
rh4eSErS. Glyn, Mills, Currie, & Co., Lombard-street, London.
The
Union Bank of London, Princes-street, E.C.
"e Agra and Masterman's Bank (Limited), Nicholas-
jam), London.
Messrs Smith, Payne, and Smiths, Lombard-street, London.
The National Bank, London, Dublin, and its Branches in
rh Ireland.
The National Bank of Scotland, Edinburgh, and its

,tranches in Scotland.
The Consolidated Bank, London and Manchester.
4tessrs. J. Barnod and Co., Liverpool.

DRONERS.
Messrs. Laurence, Son, and Pearce, 9, Angel-court, E.C.,
„London.
:aessre. Foster, Braithwaite, and Co., 27, Austinfriars.
;lows. Taunton and Co., Liverpool. •
„Messrs. Shore and Kirk, Manchester.
Messrs. WEwen and Auld, Glasgow.

()fall the enterprises of a commercial character none has •
°`rer excited so much attention and interest as that of the
Atlantic Telegraph Company.
The reason of this is perfectly obvious ; the immense
Political importance of the Company, as well as the enor-
mous profit to be anticipated by its Shareholders, together
kith the scientific interest attached to it, combining to a
'lagree not found in any enterprise having commercial
Profit for its legitimate end.
An enterprise so important, and now become so compa-
ratively easy to accomplish, appeals not only to the great
commercial interests of Europe and Americas but to the
Peace
of all classes in both countries ; its benefits to
mace and civilisation it is impossible to estimate.
, The near approach of the period when the cable is to be
40id is already the cause of much excitement amongst all
litho are aware of the fact.
The date for the Great Eastern steamship's departure
rth the cable is actually fixed for the Bth July, about a
°-rtlight from the present date, and it is not too much to
say that from the hour of her leaving the whole continent
Europe and America will be intent upon watching her
Zogress. His Royal Highness the Prince of Wales has
stifled his warm interest in the undertaking by personally
hPecting the cable on board the Great Eastern about
0e weeks ago.
;he exceptional character of the undertaking is further
01 wl5l by her Majesty's Government granting the services
of tWo of her Majesty's men-of-war steamers, the Terrible
Itt cl the Sphynx, to accompany the Great Eastern, and assist
10 the operation of laying the cable.
111 calculating the rate of profit of this undertaking, of
course everything depends upon the scale of charges adopted
_c?' the transmission of messages; the first tariff agreed to
with her Majesty's Government was fixed at 2s. 6d. per
?ford, subsequently increased to ss. per word, but as the
Pine arrived when the cable would be ready for actual use,
!t• Was seen that the mass of business this company would
Iteniediately find offered to it, would so far neutralise the bone-
fit of it by completely choking the line, that a representa-
10n to the Lords of the Treasury within the last few days
°ll the subject, has led their lordships to consent to the
Company, until Ist September next, experimentally
...charging, without restriction, such rates for messages
;,the Company may, on full consideration, deem reason-
le'"t and proper ;" and it is fully expected that by this
,Zangement the net profits will reach one million sterling
.1" annum.
The capital of the Company is composed as follows :
£lOO,OOO Five per Cent. Debentures.
£600,000 Eight per Cent. Preference Shares (of which
the present issue forms the balance).
, £600,000 Ordinary Shares.
'"'e amount required to pay 5 per cent.
Interest on £lOO,OOO Debentures is £5,000 per annum.
„le amount required to pay the Pre-
erence Dividend of 8 per cent. on
• £600,000 (of which the present issue
ptiflOrlllB the balance) 48,000 „
0 amount required to pay4per cent
Oil £600,000 ordinary capital is

Making a total of £77,000
Leaving £923,000 per annum surplus income. Half the
mount of revenue above the said £77,000 is available for
.early bonus to the holders of the said 8 per cent. Prefer-
Vice Shares. Therefore, on the above-mentioned calcula-
to ion, the total available dividend and bonus would amount
above 76 per cent. per annum, in addition to the 8 per.
Znt• preference as above, making an estimated total din-
-I.6nd of 84 per cent. per annum on these Preference Shares,
4-ng, after deduction of 20 per cent. for the formation of
tif,.,enewal fund for laying down a new cable, 64 per cent.
tuviciencl, of which 8 per cent. would be preferential divi-
dend by Act of Parliament.
hat the price of these Shares will be a month hence,
such prospects, it is difficult to say, especially as the
sires above given do not, in the opinion of persons come
'tent to judge, at all represent the maximum probable re-
• but taking them as the basis for calculation, and.
~,,_"naidiering the continued demand there must be for mes-
tZe, consequent upon the ever-increasing business he-
lp; een the Continent of Europe, England, and America, and
Waling in mind that this cable will complete the line of
i,e
1),-tgra, ph between San Francisco and India, it is not impro-
t...:46 that, by the time that telegraph communication be-
18116en England and America is an accomplished fact, these
area may be worth £2O, or £l5 premium per Share.
ijrena the phalanx of talent existing in the scientific ad-
, f,,,s,el's of the Atlantic Telegraph Company, and from the
B"',btbat the laying of the cable has been entrusted exclu-
4;(ny to the eminent Contracting Company who have had
im.arge of the manufacture of it, and whose staff of Engi-
egt2 and Electricians have successfully laid most of the
14,—"ng cables, whether laid in deep or shallow seas, it
t 0
1 Well be believed that every precaution has been taken
eoinsure the successful laying of this cable this achieved,
e only bar to the Shares attaining the high value which
is 17 one acquainted with the undertaking places them at
,wijetooved ; this risk, however, may easily be assessed
1.41:11 it is mentioned that leading insurance companies and
iYd's have underwritten policies embracing every risk
tbe,Ying, insulation, &c., at 25 guineas per cent., showing
h fr confidence in the result anticipated.
trally, the Directors of the several Companies interested
day ' enterprise fully anticipate being able to report each
nring the laying the favourable progress all believe
ilthhataawdtt,
will
bftehe success of an undertaking which all look
ve
a national work.
seen from the proposed allotment of the Shares
witile distribution of them is intended to be made upon
appee 'a basis as possible, so as to give the whole of the
13,,in cants the assurance of receiving an allotment and of
atabf. Permitted to join an unexampled commercially pro-
° as well as politically important undertaking.
of tesPectuses and Forms of Application can be obtained
(Ali Credit Fonder and Mobilier of England (Limited)
C'erbilt Lowe Esq., Secretary), at their Offices, 17 and 18,
IA Re:
London ; of the Imperial Mercantile Credit
taniation (Limited) (W. C. Winterbottom, Esq Secre-
-7), at their °Dices, 27, Lombard-street; also of At-