The Sun.
London, England, 1862-12-02 00:00:00

THE SOUTH: AFRICAN IRRIGATION and
INVESTMENT COMPANY (Limited).
To be incorporated under the Companies Act, 1862, which
specially limits the liability of each Shareholder to the
amount of his Shares.
Capital £1,000,000, in 20,000 Shares of £5O each. (Power
to increase.) First issue 10,000 shares.
Deposit on application £1 per Share, and a further pay-
Meat of LI per Share on allotment.
alls not to exceed £2
Per Share,
intended to call up more than £lO pern Share.
DIRECTORS.
John Barry, Esq , Merchant (Barry and Nephews), Lon-
don and Cape Town, Director of the London and South
African Bank.
"Ries Black, Esq , (Black and Co.), Merchant, London,
Graham's Town', and Port Elizabeth.
Alexander Croll Esq.(Alcxander Croll and Co.),Merchant,
London and Port Elizabeth.
Alfred Jarvis, Esq London (late Chairman of the Cora-
itmercial Bank, Port Elizabeth).
a'etu.37 Sherm, Esq., Merchant (Levicks and Sherman),
London and Cape
Cape Town.
Joseph Mosenthal, Esq., Merchant (Mosenthal and Co.),
London, Port Elizabeth, and Cape Town.
John Paterson,Esq. (Patersot,Kemp, and Co.), Merchant,
London, and Cape of Good of Hope,Director of the Stan- t
A dard Bank of British South Africa.
'rra 0. Stewart, Esq., Merchant (Stewart and Co.), Liver-
,.pool and Port Elizabeth.
Van Capey, Esq., merchant (Van derßyl and Co.),
4...0ud0 Town, and Port Elizabeth.
The Alliance Bank of London BANKERS
and Liverpool, Lothbury,
London, and The Albany, Liverpool.
Messrs, SOLICITORS.
Flux and Argles, Mincing-lane, London.
Messrs, BROKERS.
J. and J. Whitehead, 8, Moorgate-street, London.
TEMPORARY OFFICES.
No. 27, Moorgate-street, London.
PROSPECTUS.
is The South African Irrigation and Investment Company
established with a view to aid in the furtherance of those
lPublic undertakings in the South African Colonies, includ-
ing the Cape of Good Hope, British Kaffraria, and Natal,
m_Y which their resources may be more fully developed ; the
oult being in the opinion of the Directors, certain to prove
)host satisfactory to those who embark their capital.
Objects
The Company's operations will embrace three main
--
Ist, That of a Land and Irrigation Company.
en2d. That of a Public Works (more especially a Light-
3d.Pn, and Water Company)
.„ 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
servants f
male, the heavy expenses of offices, directions, and
or separate companies will thereby be avoided.
The south African Irrigation and Investment Company,
m
while meeting the wants most keenly felt at the present
;r
_e' i_e by the South African Colonies, cannot fail to realise
its Shareholders ample returns upon the capital.
Most
As a Land and Irrigation Company it will enter upon a
soil promising field of operations. Large tracts of fertile
along the rivers, and in the great karoos or plains of
b "untrY, are to be purchased at very low prices, which,
irrigation works, in dams tanks, or water leadings from
rvers, may be converted, by' no great outlay, into proper-
ties many times their original value. The Government
'returns for 1860 of the value of landed estates in these
colonies show that where by private enterprise irrigation
Works have been constructed on farms, the enhancement of
value has been from five to tenfold ; and as such results
have been achieved by private enterprise, yet more satis-
factory results may be looked for where labour is more
organised and scientific skill is brought to bear.
The Company will not only purchase lands with a view
to the Company
after the construction of irrigation works, but
Will take con racts for the construction of like works upon
Government and private lands. It is known to be in con-
templation in next session of the Colonial Parliament to in-
troduce a bill to facilitate the construction of a series of Go-
vernment tanks, and to secure on the capital employed in
such works on Government land a Government guarantee
of at least 6 per cent. per annum.
As a Public Works Company for the towns of South
.frica the prospect is equally inviting. There is scarcely
a town of magnitude which is not now prepared to offer
mostt liberal and remunerative terms to this Company, to
portto it a constituted Water and Gas Company; and
-rett Elizabeth (now the commercial capital of all South-
"r'astern Africa, caused a Bill to be introducedinto last
session of the Colonial Parliament, charging the whole
11°Perty of the town for £BO,OOO, to guarantee at least
71,)°./13 r annum on outlay for works for water supply.
-Directors feel that the present is a most favourable op-
11,nily for the establishment of a Company for Public
sr, "r4s, hnd they confidently anticipate that they will be able
Company,
arrangements with the authorities at Port
eth to become its Lighting, Paving, and Water
P-PatlY, so as to ensure a most favourable commence-
ent of business, and facilitate future operations. It may
be Mentioned that in towns where, by authority of local
hMunicipalities, water-works have been constructed, they
ave proved sources of very large profits on the capital
Invested, and the only Gas Company in operation in
South Africa pays annual dividends varying frem 15 to 20
Per cent.
As a Trust Company a very considerable and profitable
business can be dine. 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 done under this head
Name of Company. I Paid up. I SellingPrice

Board of Executor s
48Rociation for Administering
Estates
?eneral Estate, &c
g°„rt Elizabeth Guardian and
ust

s. d. £ s. d.
100 0 0 350 0 0

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