The Sun.
London, England, 1865-06-26 00:00:00

ItEMEMBER YOU WILL SEE YOUR
,bkll
SFRIENDS at " EVANS'. " After the Opera we
up thbre!

kiNAHAN'S LL WHISKY v. COGNAC
BRANDY.
TEI
p,lB ode orated Old IRISH WHISKY rivals the finest
7'4NCII BRANDY, '
41 114 Pure, Mild, Mellow, Delicious, and very Wholesome.
%Bold in Bottles, 3s. Bd., at the Retail Houses in London; by
le Agents in the principal towns in England ; or wholesale

8, GREAT WINDMILL-STREET, LONDON, W.
„Observe the Red Seal, _Pink Label, and Cork branded
Zinahan's LL Whisky." - •
SAVE YOUR POOR TEETH, and Eclnomile
et',., AYour Cizars. —BUTCHER'S PATENT KEY-RING
R NIPPERS arc sold eyerywhere. Price id.

MUTUAL LOAN FUND ASSOCIATION
(Incorporated by Act of Parliament, 1850).
14, RUSSELL-STREET, COVENT-GARDEN,
LENDS MONEY on Personal and other Security, in sums
0f420 to L5OO, to be repaid by instalments extending over
Vie, two, or three years. The large Cepital of this Associa-
tion enables it to complete its transactions without delay.
D°, inquiry or office fees, and strict secrecy observed. Bills
18counted at short notice. Form sent free on receipt of a
ulrected stamped envelope.
h he Association also lends Money for the purchase of a
1,78 e by a levant, or for the liquidation of mortgages, on
ras most advantageous to the borrower.
EDWARD HARPER, Secretary.

The CREDIT FascrEn and MOBILIER of ENGLAND (Limited)
' In conjunction with the IMPERIAL MERCANTILE CREDIT
ASSOCIATION" (Limited), .are, preparedjo RECEIVE Sum-
scuipTioNs for £50,000 PREFERENCE SHARES, being'tho
BALANCE of the•airrrAt.of .
THE ATLANTIC TELEGRAPPI COMPANY
Not yet issued to the general Public, viz.: -
4,000 Preference Shares . of, £5, each, bearing 8 per Cent.
per-Annum.' •
'preference Interest authorisedbi--SpecjalActof,Parliament.
Deposit £1 per Share on Application, and £4 on Allotment.
No further LiAbility of any, kind. •
''ach Subscriber's Liabifily.being specially limited by Act
of Parliament to the Amount of his Subscription: -
TUE FOLLOVING•ARE THE IHRECTDRE OF THE ATLANTIC
TELEGRAPH COMPANY. „
The Right Hon. JAMES STU.ART WORTLEY, Gover-
nor of the' Credit' Fancier and Mobilier of England
(Limited), Chairman.
Curtis M. Lampsdn, Esq. (Messrs. C. M. Lampson and Co.)
• 'London Vice-Chairman. , • .
•G.,„_enrge Peabody, 2-2,:01d Broad-street, London.
Cira, ncis Le Breton, Esq., 21, Susset-place, Regent's-park.
Olin Ponder, Esq.,.M.P., Manchester (Director of the
fish and Irish Magnetic Telegraph Co.).
Edward Moon, Esq, Liverpool
Samuel Gurney, Esq., M.P., 65, Lombard-street, London
„(lessrs. Overend, Gurney, and Co.).
Edward Cropper, Esq., Swaylands, nearPenshurst (Director
of the British and Irish Magnetic Telegraph Co)
r,
‘aktain A. T. Hamilton, 12, Bolton-row, Piccadilly.
Bidder, Esq., 24, Great George-street, Westminster
(Director of the Electric and International Telegraph
Uo., and late President of the Institution of Civil
~, Engineers).
'nir Edward Cunard, Bart., Old Broad-street, London.
HONORARY DIRECTOR.
• W. H. 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.
captain Douglas Galton, RE.,
William Fairbairn, Esq., F.R.S., late President of the
British Association.
Joseph Whitworth, Esq., F.R.S.
professor Wheatstone, F.R.S.
xrefessor W. Thomson, F.R.S., of Glasgow.

SECRETARY.
George Saward, Esq.
OrricEs-42; St. Helen's-place, E•C.

The distribution of these shares will be made as nearly
as possible as follows :
10,000 Shares will be appropriated, to applicants who are
Shareholders in the Credit Foncier and
Mobilier of England (Limited).
10,000 Shares will be appropriated to applicants who are
Shareholders in the Imperial Mercantile
Credit Association (Limited).
10,000 Shares will be • appropriated to applicants who are
Shareholders in the Atlantic Telegraph
Company.
4.0)060 Shares. will be appropriated to applicants who aro
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 Bab-
ied to reduction or increase according to the total number
0f applications made, it being the intention, however, that
each applicant shall receive an allotment.

BANKERS.
?llfeSSrs. Glyn, Mills, Currie, & Co., Lombard-street, London.
The -Union Bank of London, Princes-street, E.C.
Tho Agra and Masterman's Bank (Limited), Nicholas-
lane, London.
kiessrs. Smith, Payne, and Smiths, Lombard-street, London.
The National Bank, London, Dublin, and its Branches in
Ireland.
The National Bank of Scotland, Edinburgh, and its

Branches in Scotland.
The Consolidated Bank, London and Manchester.
41eSSrs. J. Barnod and Co., Liverpool.

BROKERS.
Ilessrs. Laurence, Son, and Pearce, 9, Angel-court, E.C.
, London.
,14-,essrs. Foster, Braithwaite, and Co.' 27, Austinfriars.
.lessrs. Taunton and Co.' Liverpool.
I.."Rars. Shore and Kirk, Manchester.
4Lessrs. M`Eiven and Auld, Glasgow.

Of all the enterprises of a commercial character none has
ever 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-
-I°.°lls profit to be anticipated by its Shareholders, together
with the scientific interest attached to it, combining to a
degree 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 America, but to the
LYmpathies of all classes in both countries ; its benefits to
peace and civilisation it is impossible to estimate.
The near approach of the period when the cable is to be
laid is already the cause of much excitement amongst all
17110 are aware of the fact.
The date for the Great Eastern steamship's departure
With the cable is actually fixed for the Bth July, about a
fortnight from the present date, and it is not too much to
• B.IY that from the hour of her leaving the whole continent
of Europe and America will be intent upon watching her
progress. His Royal Highness the Prince of Wales has
testified his warm interest in the undertaking by personally
insPecting the cable on board the Great Eastein about
flame weeks ago.
The exceptional character of the undertaking is further
sh "91 by her Majesty's Government granting the services
of two of her Majesty's men-of-war steamers, the Terrible
and the Sphynx, to accompany the Great Eastern, and assist
in the operation of laying the cable.
In calculating the rate of profit of this undertaking, of
course everything depends upon the scale of charges adopted
for the transmission of messages; the first tariff agreed to
With her Majesty's Government was fixed at 2s. 6d. per
Word, subsequently increased to ss. per word; but as the
time arrived when the cable would be ready for actual use,
It was seen that the mass of business this company would
immediately find offeredto it, would so far neutralise the bene-
fit of it by completely choking the line, that a representa-
tion to the Lords of the Treasury within the last few days
?11 the subject, has led their lordships to consent to the
company, until Ist September next, experimentally
" charging, without restriction, such rates for messages
18 the Company may, on full consideration, deem reason-
able and proper ;" and it is fully expected that by this
arrangement the net profits will reach one million sterling
Per 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.
The amount required to pay 5 per cent.
Interest on £lOO,OOO Debentures is £5,000 per annum.
.1-113 amount required to pay the Pre-
, ference Dividend of 8 per cent. on
• £600,000 (of which the present issue
forms the balance) 48,000 • ~
The amount required to pay4per cent
on £600,000 ordinary capital is

Making a total of £77,000
Leaving £923,000 per annum surplus income. Half the
amount of revenue above the said £77,000 is available for
Yearly bonus to the holders of the said 8 per cent. Prefer-
ence Shares. Therefore, on the above-mentioned calcula-
tion, the total available dividend and bonus would amount
4.
'0 above 76 per cent. per annum, in addition to the 8 per
cent. preference as above, making an estimated total divi-
dend of 84 per cent. per annum on these Preference Shares,
leaving, after deduction of 20 per cent. for the formation of
% renewal fund for laying down a new cable, 64 per cent.
of which 8 per cent. would be preferential divi-
dend secured by Act of Parliament.
What the price of these Shares will bo a month hence,
with such prospects, it is difficult to say, especially as the
figures above given do not, in the opinion of persons cora-
Potent to judge, at all represent the maximum probable re-
ceipts; but taking them as the basis for calculation, and
considering the continued demand there must be for mes-
rSes, consequent upon the ever-increa,sing business be-
17en the Continent of Europe, England, and America, and
raring in mind that this cable will complete the line of
egraph between San Francisco and India, it is not impro-
bable, that, by the time that telegraph communication be-
tween England and America is an accomplished fact, these
shares may be worth £2O, or £l5 premium per Share.
From the phalanx of talent existing in the scientific ad-
r% sers of the Atlantic Telegraph Company, and from the
et that the laying of the cable hasbeen entrusted exclu-
sively to the eminent Contracting Company who have had
charge of the manufacture of it, and whose staff of Engi-
'leers and Electricians have successfully laid most of the
existing cables, whether laid in deep or shallow seas, it
well be believed that every precaution has been taken
' insure the successful laying of this cable : this achieved,
'ae only bar to the Shares attaining the high value which
Zell' one acquainted with the undertaking places them at
removed ; this risk, however,, may easily be assessed
Zillen it is mentioned that leading insurance companies and
of °Yd's have underwritten policies e bracing every risk
iftYig, insulation, &c., at 25 guineas per cent., showing
Finally, the Directors of the several Companies interested
thein enterprise fully anticipate being able to report each
induring the laying the favourable progress all believe
l and of the success of an undertaking which all look
tu
11)1 as a national work.
that " will be seen from the proposed allotment of the Shares
the distribution of them is intended to be made upon
xis wide a basis as possible, so as to give the whole of the
brZneants the assurance of receiving an allotment and of
pro-
fitable to join an unexampled commercially
as well as politically important undertaking.
prospectuses and Forms of Application can be obtained
of th
.ornehilCl7Edi.ot Foncier and Mobilier of England (Limited)
"4-Ifred Lowe, Esq., Secretary), at their Offices, 17 and 18,
London ; of the Imperial Mercantile Credit
ta%?ciation Limited) (W. C. Winterbottom Esq.,
the thelr Wawa, 273 jagmbitrolltrOet AIN of tin At-