The Sun.
London, England, 1862-11-28 00:00:00

THF, 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.

evital £1,000,000, it: 20,000 Shares of £5O each. (Power
to increase.) First issue 10,000 shares.
Deposit on application £1 per Share, and a further pay-
ment of per Share on allotment. alls not to exceed £2
Der Share, and three months' interval between each Call.
It is not intended to call up more than £lO per Share.

DIRECTORS.
J°llll Barry, Esq,, Merchant (Barry and Nephews), Lon-
don and Cape Town, Director of the London and South
African Bank.
James Black, Esq., (Black and Co.), Merchant, London,
Graham'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 Com-
mercial Bank, Port Elizabeth).
'teary Sherman, Esq., Merchant (Levicks and Sherman),
London and Cape Town.
Joseph Mosenthal, Esq., Merchant (Mosenthal and Co.))
London, Port Elizabeth, and Cape Town.
John Paterson,Esq. (Paterson,liemp, and Co.), Merchant,
London, and Cape of Good of Hope,Director of the Stan.
dard Bank of British South Africa.
A, C. Stewart, Esq., Merchant (Stewart and Co.), Liver-
pool and Port Elizabeth.
BANKERS.
The Alliance Bank of London and Liverpool, Lothbury,

London, and The Albany, Liverpool.
SOLICITORS.
Messrs. Flux and Argles, Mincing-lane, London.

BROKERS.
Messrs. J. and J. Whitehead, 8, Moorgate-street, London.

TEMPORARY OFFICES.
No. 27, Moorgate-street, London.
PROSPECTUS.
The South African Irrigation and Investment Company
is established with a view to aid in the furtherance of those
Public undertakings in the South African Colonies, includ -
;rig the Cape of Good Hope, British Kaffraria, and Natal,
by which their resources may be more fully developed; the
result being in the opinion of the Directorsrcertain to prove
blest satisfactory to those who embark their capital.
The Company's operations will embrace three main
objects—

Ist: That of a Land and Irrigation Company.
2d. That of a Public Works (more especially a Light-
ing, Paving, and Water Company) ; and
ad. That of a Trust, Loan, and Investment Company.
It has seemed wise to the Directors to combine these ob-
jects 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.
The t'outh African Irrigation and Investment Company,
while meeting the wants most keenly felt at the present
time by the South African Colonies, cannot fail to realise
to its Shareholders ample returns upon the capital.
As a Land and Irrigation Company it will enter upon a
Most promising field of operations. Dirge tracts of fertile
soil along the rivers, and in the great karoos or plains of
the country, are to be purchased at very low prices, which,
k
7 it works, in dams, tanks, or water leadings from
rriers, may be converted, by no great outlay, into proper-
tles 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-
ortory results may be looked for where labour is more
lanised and scientific skill is brought to bear.
toree Company
will not only purchase lands with a view
sale after the construction of irrigation works, but
will take con recta for the construction of like works upon
t "eminent and private lands. It is known to be in con-
,emplation in next session of the Colonial Parliament to in-
teduce 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.
Afit.r s a Public Works Company for the towns of South
a townar prospect is equally inviting. There is scarcely
of magnitude which is not now prepared to offer
!nest liberal and remunerative terms to this Company, to
become to it a constituted Water and Gas Company; and
Fort Elizabeth (now the commercial capital of all South-
gasteru Africa), caused a Bill to be introduced into last
session of the Colonial Parliament, charging the whole
propertyof the town for £BO,OOO, to guarantee at least
T;"‘" per annum on outlay for works for water supply.
"? Directors feel that the present is a most favourable op-
ay for the establishment of a Company for Public
t, P's, and they confidently anticipate that they will be able
ti:°lllPlete arrangements with the authorities at Port
izabeth to become its Lighting, Paving, and Water
I,—°2/3PallY, so as to ensure a most favourable commence-
be of business, and facilitate future operations. It may
e Mentioned that in towns where, by authority of local
municipalities, water-works have been constructed, they
llaye proved sources of very large profits on the capital
vested, and the only Gas Company in operation in
South Africa pays annual dividends varying from 15 to 20
per cent.
As a Trust Companya very considerable and profitable
business can be dune. 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. lSellingPrice

Board of Executor s
Association for Administering
Estates
General Estate, &c.
Port Elizabeth Guardian and
Trust

e. d. i s. d.
ICO 0 0 350 0 0

187 10 0 375 0 0
200 0 0 252 0 0