The Sun.
London, England, 1862-12-04 00:00:00

N°. 21,975.

THE SOUTH Al RICAN IRRIGATION and
INVESTMENT COMPANY (Limited).
To be incorpora under the Cmpaies Act, 1862whieh
specially limits the liability of oeach 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-
ment of £1 per Share on allotment.
alls not to exceed £2
per Share, and three months' interval between each Call.
It is not intended to call up more than £lO per Share.
DIRECTORS.
John 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 'a Town, and Port Elizabeth.
Alexander troll, EAq.(Akxander Croll and Co,),Merchant,
London and Port Elizabeth.
William Duthie, Esq,, Merchant, littark Jane.
Henry Sharman, Esq., Merchant (Levicks and Sherman),
London and Cape Town.
Joseph Mosenthal, Esq., Merchant (Rosenthal and Co.),
London, Port Elizabeth, and Cape Town.
John Paterson,'Esq., Merchant (Patersor.,Kemp, and Co.),
London, and Cape of Good of Hope,Direotor of the Stan-
dard Bank of British South Africa.
A, C. Stewart, Esq., Merchant (Stewart and Co.), Liver-
pool and Port Elizabeth.
P. (.Van der Byl, Esq., Merchant (Van der Byl and Co.),
London, Cape Town, and Port Elizabeth.
Edward Weston, Esq. (Weston and Laurie), 66, Moorgate-
street.
BANKERS.
The Alliance Bank of London and Liverpool, Lothbury,
London, and The Albany, Liverpool.
SOLICITORS.
Messrs. Flux and Argles, Mincing-lane, London.
B R °KERS.
Messrs. J. and J. Whitehead, 8, Moorgate-street, London.
TEMPORARY OFFICES.
No. 27, Moorgate-street, London.
ABRIDG„ED PROSPECTUS.
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
3d. That of a Trust Loan, and Investment Company.
The South African Irrigation and Investment Company,
in undertaking these varied objects, will meet all the most
keenly felt wants of the African Colonies at the present
time, and cannot fail to realise to its Shareholders very
ample returns on the capital invested.
On all Government Irrigation Works to be undertaken
by the Company, it will obtain a Government guarantee of
six per cent. per annum, it being in contemplation next
session of the Colonial Parliament to introduce a bill to
facilitate the construction of a series of Government tanks,
and to guarantee to the Company on these works such per
centago. A similar guarantee of six per cent. per annum
ou the Port Elizabeth Water Works is likewise to be pro.
vided by act of Parliament; but while the returns on the
capital thus invested will, under no circumstances, be less
than six per cent. guaranteed, the Directors confidently
anticipate that the works will yield much higher dividends,
since all water works undertaken by local councils, and the
only Gas Company in operation in South Africa have
steadily yielded on the capital employed returns varying
from 15 to 30 per cent, per annum; and Irrigation Works,
constructed by private enterprise on the farms of the coun-
try, have enhanced their value, according to last Govern-
ment returns, from five-fold to as high as even ten-fold.
As a Trust Company the following statement of selling
prices in existing Trust Companies in South Africa will in-
dicate what may be expected of it :
Name of Company. I Paid up. I Selling Price

X s. d.
Board of Executors lOO 0 0
Association for Administering
Estates
General Estate Chamber 2OO 0 0
Port Elizabeth Guardian and
Trust

L s. d.
350 0 0

1 10 0