The Sun.
London, England, 1862-12-03 00:00:00

TIM 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 ,E 1,000,000, in 20,000 Shares of £5O each. (Power
to increase.) First issue 10,000 ?dares.
Deposit on application £1 jer Share, and a further pay-
ment of £1 per Share on 'allotment. Calls not to exceed £2
Per Share, and three months' interval between each Call.
It is riot intended_ to call up more than £lO per Share.
John B DIRECTORS.
arry, Esq., Merchant (Barry and Nephews), Lon-
don and Cape Town, Director of the London and South
African Bank.
dames Black, Esq., (Black and Co.), Merchant, London,
Graham's Town, and Port Elizabeth.
Alexander Cron Esq.(Ale:ander Croll and Co.),Merchant,
London and Port Elizabeth.
William Duthie, Esc; , Merchant, Mark-lane.
Henry Sherman, Esq., Merchant (Levicks and Sherman London and Cape Town. ),
Joseph Mosvathal, Emq., Merchant (Mosenthal and Co.),
London, Port Elizabeth, and Cape Town.
John Paterson,Eeq. (Patersoe,Kemp, and Co.), Merchant,
London, and Cape of Good of Hope,Director of the Stan-
A. dard Bank of British South Africa.
C. Stewart, Esq., Merchant (Stewart and Co.), Liver-
pool_ and Port Elizabeth.
P. G. Van der Byl, Esq., merchant (Van derßyl and Co.),
London, Cape Town, and Port Elizabeth.
BANKERS.
The Alliance T 2.5 ank of London and Liverpool, Lothbury,
-London, and The Albany, Liverpool.
SOLICITORS.
Ale-ssrs. Flux and Argles, Mincing-lane, London.
Me:BROKERS.
4srs. 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
bpublic undertakings in the South African Colonies, includ-
yg the Cape of Good Hope, British Raffraria, and Natal,
which their resources may be more fully developed; the
result being in the opinion of the Directors, certain to prove
most satisfactory to those who embark their capital.
*bi he Company's operations will embrace three main
Ist, That of a Land and Irrigation Company.
'2d. That of a Public Works (more especially a Light-
ing, Paving, and Water Company) ; and
3d. 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 South African Irrigation and Investment Company,
'vane 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
soilMo st promising field of operations. Large traeas of fertile
athe rivers, and in the great It :coos or plains of
the ',gantry, are to be purchased at very low prices, which,
irrigation works, in dams, tants, or water leadings from
ri'vrol may be averted,core by no great outlay, into proper-
ties many times tgl value. The Government
returns for 1860 of tl'e value of landed estates in these
coloniess
have bee show that
Wor where by private enterprise irrigation
kn. cod on farms, the enhancement of
value has been from
fivenstructe to tenfold ; and as such results
fleaacytoenibeeri achieved by private enterprise, yet more Bads-
°r results may be looked for where labour is more
ranieed and scientific skill is brought to bear.
The Company will not only purchase lands with a view
to re-sale after the construction of irrigation works, but
will take con recto 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.
Africa the prospect is equally inviting. There is scarcely
a tot
wn of mag nxnitude Which is not now prepared to offer
Mos liberal and remunerative terms to this Company, to
become to it a constituted Water and Gas Company; and
Port Elizabeth (now the commercial Capital of all South-
Eastern Africa), caused a Bill to be introduced into last
session of the Colonial Parliament, charging the whole
property of the town for £BO,OOO, to guarantee at least
£5,000 per annum on outlay for works for water supply.
The Directors feel that the present is a most favourable ep-
liertunity for the establishment of a Company for Public
Works, and they confidently anticipate that they will be able
to_ complete arrangements with the authorities at Port
-tlizabeth to become its Lighting, Paving, and Water
Company, so as to ensure a most favourable commence-
roent of business, and facilitate future operations. It may
°e mentioned that in towns where, by authority of local
hMunicipalities, water-works have been constructed, they
Soave Proved sources of very large profits on the capital
u and the only Gas Company in operation in
per
Southtent Africa pays annual dividends varying from 15 to 20
one a Trust Company a very considerable and profitable
e can be d.ne. It will be in position to offer very
i_ilepla.seenrity to constituents, and the following statement
odioeweilinyprices of Shares in existing Trust Companies will
what may be done under this head : • •

)nlpani,

Pai
-- d up. Sailing Price
-------
"----§ Board of Executors
............ £ t 7 - 7.• —17377-
100 0 0
Administering 350 0 0
Association for
Estates ............... 187 10 0 375 0 0
.....
General Estate, &c. 2OO 0 0 2
Port Elizabeth Guardian and 62 0 0
Trust