The Sun.
London, England, 1865-02-24 00:00:00

No. 22,676.

THE RIO DE JANEIRO GAS CQINIPANY
(Limited).
Incorporated under the Companies Act, 18,12.
To be constituted also a "Societe Anonyme " in accordance
with the Laws of Brazil.
Share Capital £600,000, in 30,400 shares of £2O each.
Deposit £1 per share on application, and .£1 further on allot-
ment. The remainder in the following instalments, viz.:
£5 on the 28th of April, 1865.
£5 on the 3.)th of slay, 1865.
£5 on the 30th of June, 1865.
Shreeholders will have the option of postponing payment
of the April and May instalments until the 30th June upon
payment of interest at the rate of £5 per cent, per annum.
DIRECTORS.
Richard Carruthers, Esq., Eden Grove, near Carlisle (for-
merly of Rio de Jam iro).
James Atherton, Esq , Swinton Park. Manchester.
Alexander D. Macgreg..r. Esq. (Matta, Macgregor, and Co.),
London.
Manger Smith Collins, Esq., Guernsey.
Barlett James, Esq. (C arruthers, De Castro, and Co.), Manager
of the Rio Gas Company from its commencement.
SOLICITORS.
Messrs. Bircham, Dalrymple, Drake, and Co.,
Parliament-street, S.W.
BANKERS.
The London and Westminster Bank, Lothbury.
BROKERS.
Messrs. P. Cazenove and Co., Threadneedle-street.
SECRETARY (pro tem.)—Mr. John Du Boulay.
TEMPORARY OFFICES.
No. 1, Gresham Rouse, Old Broad-street.

This Company has been formed for the purpose of acquiring
two concessions granted by the Imperial Government of
Brazil for lighting Rio de Janeiro with (Jas. The conces-
sions, which are dated real. ectively the 11th of March, 1851.
and the 13th October, 1851, grant the monopoly of supp ying
the city with gas for a period of 25 years from the 25th March,
1851.

In consequence of a provision inserted in the former con-
cession, an assignment was proh bited, except with the con-
sent of the Imperial Government, and consequently it sk as
not competent for the concessionaire to release himself from
his individual obligations so as to surrender the concessions
absolutely to a company, but ajoint-stock and rtaking, under
the sanction of the Government of Brazil, was organised for
giving effect to the concession, the concessionaire remaining
liable to the Government.

The result of the working, from the commencement of 1851
up to the present time, has been hi:2lily satisfactory, and the
proposal for a sale of the undertaking to an English Com-
pany has arisen solely from the necessity which a compara-
tively new country like Brazil is under, of obtaining capital
from the European money markets to aid in i he development
cf industrial undertakings. An Imperial decree having been
obtained authorising an absolute transfer to a Company to be
organised in Euro e of the concessions, and all the rights,
powers, privileges, and profits conferred thereby, all obstacles
to the undertaking being absolutely vested in a Joint-stock
Comp,ny are at an end. Arrangements have accordingly
been made with the concessionaire and the Brazilian Com-
pany for a transfer to the present Company of the comes-
alone and the works and property of the existing undertaking,
including contracts with the Government (the:payments on
which arr. guaranteed to be made in gold) and private indivi-
duals, and for maintaining those works, and constructing and
maintaining any other works that may be authorised by any
further or supplemental concession.
The concession confers the exclusife privilege of furnishing
gas to the publi•: authorities as well as to private individuals
up to the 25th Marc!). ►B7O, at the price of 8,0 0 refs (17s. 9d.)
per 1,000 cubic feet. There are at p esent in the city of Rio
about 21,000 houses, of which only 6,900 are now furnished
with gaslights. The increase, however, of houses requiring
to be so lighted may be taken at about 30 per month. The
public lamps exceed 5, 00 in number.
The follow ng extracts from the published Reports of the
Brazilian Company show the progressive increase in the
number of burners since the first introduction of Gas in
Rio : _ _

Houses Supplied. Public Lamps.
Ist January, 1855
11 1556
~ 1857
1858
~ 1859
If 1860 .. „
1, 1861
” 1862
” 1853 .. .. 6,373 ...... .... 4,907
„ 1864 . 6,691
The net profits for the year 1863 amounted to £61,500, and
for the year 1864 to £65,00,, or upwards of 10 per cent. on the
proposed nurchase'inoney, namely, £600,000.
Under the te.ms of the concession, the Company will be at
liberty to introduce into Rio al, machinery and raw material
neceassary to the manufactu e of Gas free of duty.
The agreement for the purchase of the concessions, and of
all the valuab'e Gasworks, connected buildings, and property
in Rio, provides that the Concessionaire sha 1 bear the pre-
liminary and all other expenses of the Company up to the time
of the undertaking being handed over to them, and an Im-
perial decree obtained, approving the transfer, and recognis-
ing* the , clnp,iny as a SociCie Anonyme in Brazil. Theur-
chase money will be paid as follows:—£150,003 out ofp the
deposits on al'otment, and the balance, £450,000 on 30th
June next, or so soon thereafter as the property is handed
over to the Company and the Imperial decree obtained. The
Company has the option of paying one-half of the purchase
money in fully paid up shares.
The profits of the undertaking will accrue to the Share-
holders as from Ist July next.
The Subscribers will thus acquire a valuable property and
an existing business, the net profits of which(without taking
into consideration the progressive increase which past ex-
perience shows may be certainly expeo ed), will yield them
an immediate return on their capital exceeding 10 per cent.
per annum.
Copies of the concession and of the agreement of purchase,
together with the articles of association, can be inspected at
the offices of Messrs. Iti-chs.-n Dalrymple, Drake, and Co.,
46, Parliament-street, Westminster.
frospesltuses nd forms of application for shares can be
obtained of Messrs. Maud, Macgregor and Co., Gresham
House, Old Broad-street ; and of Messrs. P. Cazenove and
Co., the Brokers of the Company, Threadneedle-street.

FORM OF APPLICATION FOR SHARES.
To the Directors of the Rio deiJaneiro Gas Company
(Limited.)
Gentlemen,—llaving paid to your bankers, the Lonlon and
Westminster Bank (Lothbury), the sum of £ , being a
deposit of Xl per share on Shares of the above Com -
pany, I hereby request that you will allot me that number ;
and I agree to ae.rept such sh4rts or any less number you
may allot to me, and I also agree to pay on allotment the
further sum of £4 per share allotted ' • and I authorise and
require you to insert my name on the Register of Members
for the number of whares allotted to me.

Usual Signature _.
Name in full: •
Pesidecce
Profession ..... .
Date