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

THE SOUTH Alt RICAN IRRIGATION and
INTi:STMENT COMPANY (Limited).
i
To be ncernorated under the Companies Act, 1862,which
813"ially limits the liability of eafa Shareholder to the
441wint of his Shares.
t3apital £1,000,000, in 20,000 Shares of £5O each. (Power
Ie increase.) First issue 10,000 shares.
Deposit on application 11 per Share,
and a further pay-
perofM £1 per Share On allotment.alls not to exceed £2
Share, and three months' interval between each Call.
is not intended to call up more than £lO per Share.
__ Barry, Esq.,
John DIRECTORS.
don Merchant (Barry and Nephews), Lon-
jailtr.frica.aziad
nCaanpke.Town, Director of the London and South
-038 Black, Gra Esq., (Black and Co.), Merchant, London, ham's Town, and Port Elizabeth.
Alexander Croll, Es (Alexander Croll and Co.),Merchant,
..._i
Lo nclon and Port Elizabeth.
v....ylliain Duthie, Esq., Merchant, Mark 'lane.
'le'lrY Sherman, Esq.t Merchant (Levicks and Sherman),
ar,Lo'PM and Cape, Town. ',lan Mosenthal, Esq., Merchant (Mosenthal and co.),
Job toridon, Port Elizabeth, and Cape Town.
Paterson ,Esq (Paterson,Kemp, and Co.), Merchant,
London, and Cape of Good of Hope,Director of the Stan.
~ dard Bank of British South Africa.
''`i C. Stewart, Esq., Merchant (Stewart and Co.), Liver-
-1).pool and Port Elzabeth.
~,.(1. an der Byl, Esq., merchant (Van derßyl and Co.),
4-4 o
Nndon, Cape Town, and Port Elizabeth.
BA
Tile Alliance Bank of Lr ;ERS.
irion and Liverpool, Lothbury,
London, aral The Albany, Liverpool.
Messrs.
SOLICITORS.
Muir and Argles, Mincing-lane, London.
essrs, :r BROKERS.
-. ateil J. Whitehead, 8, Moorgate-street, London.
TEMPORARY OFFICES.
No. 27, Moorgate-street, London.
PROSPECTUS.
7 4.11 ac) South African Irrigation and Investment Company
established African
a view to aid in the furtherance of those
Culla undertakings ill the South African Colonies, includ-
bygv.thi.,:e CaPe of Gr,od Hope, British Kaffraria, and Natal,
re" bit'leh. their resources may be more fully developed; the
most 'ell:1g in the opinion of the Directors, certain to prove 1 ~,. eatisfactory to those who embark their capital.
ableetforepany's operations will embrace three main
ilt, That of a Land and ItTir4ation Company.
it That of a Public W- nation
(more especially a Light-
-11 pa ha
and Water Company) ; and
tiltt That of a TruP.A, Loan, and Investment Company.
Jestt ilas seemed srrise to the Directors to combine these ob-
Patibill o
ar c°lsPanY since, while all are entirely com-
k _..e, a
can be
n 'very, properly undertaken under one
teAitageluent, the heavy expenses of offices, directions, and
T-141'264 for separate companies will thereby be avoided.
avilii south African Irrigation and investment Company,
'bale , meeting the wants most keenly felt at the present
top :githe South African Colonies, cannot fail to realise
;17, ~ aiarehOlderS ample returns upon the capital.
Inott r7,:Liand and Irrigation Company it will enter upon a
Mil along fieldand in
the
of operations. L'rge tracts of fertile
the g ibexrivers,reat kareos or plains of
bt, ieTntrY, are to be purchased at very low prices, whin,
rry'rrigation works, in dams, tanks, or water leadinge from
ties re, ma , ybe converted, by no great outlay, into proper-
ret,, —abY times their original value. The Government
to -qi for 1860 of the value of landed estates in these
wtenies show that where by private enterprise irrigation
~,n,l ts have been constructed on farms, the enhancement of
ha e has been from five to tenfold ; and as such results
facto e been achieved by private enterprise, yet more satis-
t Y results ratty be looked for where labour
rkanised and scientific skill is brought to bear. is more
. The Company will not only purchase lands with a view
to resale after the construction of irrigation works, but
Will take con recta for the construction of like works upon. Government and private lands. It is known to be in con-
mplation 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
auch works on Government land a Government guarantee
of at least 6 per cent. per annum.
no a Public Works Company for the towns of South
Africa the prospect is equally inviting. There is scarcely
IL town of magnitude which is not now prepared to offer
most liberal and remunerative terms to this Company, to
become to it a constituted Water and• Gas Company;
and
PortaateErnlizAabfertihca, (now the commercial . capital of all South-
caused a Bill to be introduced into last
session of the Colonial Parliament, charging the whole
tropert..
A„ .7 of the town for £BO,OOO, to guarantee at least
,4th% per annum on outlay for works for water supply.
ikOe Directors feel that the present is a most favourable oi-
rtunity for the establishment of a Company f? Public
kto s, and they confidently anticipate that they will be able
izDtaplete arrangements with the authorities at Port
Comp to become its Lighting, Paving, and Water
),,,"Inlatny, so as to ensure a most favourable comnlence-
t;;emllt of business, and facilitate future operations.
dftlmanaayl
ith—„erktiorted that in towns where, by authority
Lm`eiPalities, water•works have been constructed they
have proved sources of very large profits on the
.p
R.,—vestodt and the only Gas Company in operation in
„utith Africa pays annual dividends varying from 15 to 20
per cent.
b,
usiness As a Trust Company a Very considerable and profitable
can be dine. It Neill be theosition to offer very
ample security to constituents, and following statement
of selling prices of Shares in existing Trust Companies will
show what may be done under this head :-
-----,-6.

ame cif Cony.

ip.

ISellingPrice

Board of. -Executors l6O 0 0
limociAtion for Administering
2Est-cites
012eral Estate, &c 2OO 0 0
Elizabeth Guardian and
rust

£ a. d.
350 0 0

376 0 0
252 0 0

1 10 0

3 10 0

As a Loan and Investment Company it cannot fail to show
!aztisfactory results. Money may be invested to almost any
71,r,, tent in first or preference mortgages, of the amplest secu •
441.'2 on landed property in the South African Colonies, at
itiZtt varying from 6 to 12 per cent. per annum, thus yield-
ea lt.trge profit over the cost of money in England ; and
Debentures
be the object of the Directors to raise money on
aZ,oll!tires of the Company or otherwise, to be specially
eiv2 to loans on such first mortgages, it becomes matter
pazi4B calculation that the profits to be made by the Com-
-114 111 this department of its business will be highly re-
erative
Arra,- '
laea ugements are in progress for the immediatc corn-
atteettlent of the business of the Company all tits de-
tehttellta, and the Directors will give their especial
11aat-
erato the selection of efficient and well-qualified ma-
the 7:et's will be taken in the, Articles of Association for
kiea corporation with this Company of existing Compa-
of like object in South Africa.
lotia4 this Conapany is established at the urgent request of
Dati ential colonists, who are prepared CO invest in the Com-
tor 13,.,t0 a considerable extent, 2,000 shares will be reserved
elotment in South Africa.
lireitLebi provision has been made by the Directors for
.the
Payi,---:flarY expenses as will secure the Company against
Itlld 41' ally sum whatever in the nature of promotion mon!y,
the cArticles of Association will contain a clause giving
of Shareholders the power to fix, year by year, the amount
thel,, Directors' remuneration.
bra,", head office of the Company will be in London, but
1.044 offices and local committees, under the control of the
°ll Board will be established in the chief towns of
itth Africa.
41313hcation for Shares to be made in the following form,
er to the Brokers or to the Secretary of the Company.
I"'°llAt OF APPLICATION FOR SHARES.
o the Directors of the South African Irrigation and In.
Gentle vestment Company (Limited).
ree-
u Having paid to your Bankers the sum of
Shares in
the , being a deposit of £1 per Share on
that u°ve Company, I hereby request that you willresalclotbni:de
tjtornber and I agree (according to the form p ri
leeaue Articles of Association), to accept such shares, or any
tultais
of As uer you may allot me, and to execute the Articles
,sociation when required ; and I request that my name
se 'e Placed on the Register of Shareholders for the Shares
adOtted.

Name in full
Residence
Profession of Business
Date

GA„GA,,s Tr E 0 EID ON:
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hahltsce
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