The Sun.
London, England, 1865-06-23 00:00:00

ItEMEMBER, YOU WILL SEE YOUR
FRIENDS at " EVANS'. " Alter the Opera we
Sup there!

LL
it WHISKY v. COGNAC
,18 oclelrated Old IRISH WHISKY rivals the ripestLßNoll BRANDY,

It 1•4 Pure, Mild, Mellow, Delicious, and very Wholesome.
..aold in Bottles, 3s. 841 , at the Retail [louses in London; by
at
`4O Agents in the principal towns in England ; or wholesale

8, GREAT WINDMILL-STREET, LONDON, W.
Observe the Red Seal, Pink Label, and Cork branded
Zdnahan's LL Whisky."
SA VE YOUR POOR TEETH, and FAlllnonais,
your I i.yars liUTc I ER'S PATENT K
qt.+ A
NIPPERS are soldl everywhere. Price Id.EY-RING

I[UTUAL LOAN FUND ASSOCIATION
(Incorporated by Act of 18 0).
14, RiJiSE f L-STREET, COVE:ST-GARDEN,
LENDS MONEY on Personal and other Security, in sums
£2O to £5OO, to be repaid by instalments extending over
VI; two, or three years. The large C ipital of this Associa-
„on enables it to complete its transactions without delay.
11!,3niiniry or office fees, and strict secrecy observed. Bills
fecounted at short notice. Form sent free on receipt of a
u rented stamped envelop'.
I, e Asockon also lends Money for he of a
ouThse bys a ter ant or for the liquidationt otmortgages, on
`nrus most advantageous to the borrower
EDWARD HARPER, Secretary.

The
CnEurr FONCIER and MOBILIER of ENGLAND (Limited)
in conjunction with the IMPERIAL MERCANTILE CREDIT
ASSOCIATION (Limited), are prepared tGRECEIVE SUB-
SCRIPTIONS for £50,000 PREFERENCE SHARES, being the
)3A.LANcE of the CAPITAL of
THE ATLANTIC TELEGRAPH COMPANY
Not yet issued to the gen,ral r obit°, viz. :
6000 Preference Shares of £5 each, bearing 8 per Cent.
per Annum.
l'reference Interest authorised by Special Act of Parliament.
Deposit £1 per Share on Application, and £4 on Allotment.
No further Liability of any kind.
4011 Subscriber's Liability being specially limited by Act
of Parliament to the Amount of his Subscription.
THE FOLLOWING ARE THE DIRECTORS OF THE ATLANTIC
TELEGRAPH COMPANY.
he Right Hon. JAMES STUART WORTLEY, Gover-
nor of the Credit Foncier and Mobilier of England
rgamited), Chairman.
vurtis M. Lampson, Esq. (Messrs. C. M. Lampson and Co.)
r,London, Vice-Chairman.
George Peabody, 22, Old Broad-street, London.
Francis Le Breton, Esq., 21, Sussex-place, Regent's-park.
°in Pender, Esq., M.P., Manchester (Director of the Bri-
tish, and Irish Magnetic Telegraph Co.).
fidward Moon, Esq., Liverpool
Qaanuel Gurney, Esq., M.P., 65, Lombard-street, London
(Messrs. Overend, Gurney, and Co.).
Edward Cropper, Esq., Swaylands, nearPenshurst (Director
of the British and Irish Magnetic Telegraph Co.)
Captain
A. T. Hamilton, 12, Bolton-row, Piccadilly.
• P. Bidder, Esq., 24, Great George-street, Westminster
(Director of the Electric and International Telegraph
Co., and late President of the Institution of Civil
~thgineers).
'air Edward Cunard, Bart., Old Broad-street, London.
HONORARY DIRECTOR.
117.. H. Stephenson, Esq., late Official Director on this Board
on behalf of her Majesty's Government, and now Chair-
inan of the Board of Inland Revenue.
ELECTRICIAN.
Cromwell F. Varley, Esq.
CONSULTING COMMITTEE.
Oa. •
Gilliam
Douglas Galton, R.E., F.R.S.
Fairbairn, Esq., F.R.S., late President of the
liritish Association.
professor
Whitworth, Esq., F.R.S.
;:refessor Wheatstone, F.R.S.
Professor W. Thomson, F.R.S., of Glasgow.
SECRETARY.
• George Saward, Esq.
OFFICES-12, St. Helen's-place, E.G.

The distribution of these shares will be made as nearly
Possible as follows :-
10,000 Shares will be appropriated to applicants who are
Shareholders in the Credit Foncier and
1S Mobilier of England (Limited).
-,000 Shares will be appropriated to applicants who are
Shareholders in the Imperial Mercantile
10 0 Credit Association (Limited).
00 Shares will bo appropriated to applicants who are
Shareholders in the Atlantic Telegraph
In Company.
0,000 Shares will be appropriated to applicants who are
Shareholders in the Telegraph Construction
and Maintenance Company (Limited) ; and
I°,ooo Shares will be appropriated amongst the general

public. - -
The above numbers are so far approximative as to be sub-
Act to reduction or increase according to the total number
t'3! sl,Plications made, g
it bein the intention, however, that
-c4 applicant shall receive an allotment.

BANKERS.
1,e8114. Glyn, Mills, Currie, & Co., Lombard-street, London.
it,_Lie Union Bank of London, Princes-street, .Agra and Masterman's Bank (Limited), Nicholas-
-I,.lane, London.
tilessrs. Smith, Payne, and Smiths, Lombard-street, London.
'ha National. Bank, London, Dublin, and its Branches in
Ireland.
The National Bank of Scotland, Edinburgh, and its
tranches in Scotland.
Ole Consolidated Bo nk, London and Manchester,
'essrs. J. Barned and Co., Liverpool.
BROKERS

e,gars. Laurence, Son, and Pearce, 9, Angel-court, E.O
liLondon.
t
essrs• Foster, Braithwaite, and. Co. 27, Austinfriars.
-(essrs. Taunton and Co., Liverpool.
.4essrs. Shore and Kirk, Manchester.
%ars. M'Ewen and Auld, Glasgow.

01 all the enterprises of a commercial character none has
;er excited so much attention and interest as that of the
stlantic Telegraph Company.
„,,,The reason of this is perfectly obvious ; the immense
;'itical importance of the Company, as well as the enor-
\,.?,llB profit to be anticipated by its Shareholders, together
t,t, the scientific interest attached to it, combining to a
~'gree not found in any enterprise having commercial
l'l'ofit for its legitimate end.
ttipn enterprise so important, and now become so compa-
% lvely easy to accomplish, appeals not only to the great
ilunercial interests of Europe and America, but to the
1 .11
?Ipathies of all classe in both countries its benefits to
me and civilisation it is is impossible to estimate.
L.,,-the nar approach of the period when the
uch excitement cable is to be
iS alreeady the cause of m amongst all
u,o are aware of the fact.
he date for te Great Eastern steamship's departure
Cal the cable shattually fixed for the Bth July, about a
AZtoight from the present date. and it is not too much to
°I Europe
from the hour of her leaving the whole continent
14, turope and America will be intent upon watching her
Ogress. His Royal Highness the Prince of Wales has
Rtified his warm interest in the undertaking by personally
tlsPecting the cable on board the Great Eastern about
1.,,„ee weeks ago.
t 4-- he exceptional character of the undertaking is further
tewn by her Majesty's Government granting the services
tt„t,wo of her Majesty's men-of-war steamers, the Terrible
1,141 the Sphynx, to accompany the Great Eastern, and assist
Pie operation of laying the cable.
calculating the rate of profit of this undertaking, of
or everything depends upon the scale of charges adopted
the transmission of messages; the first tariff agreed to
kith her Majesty's Government was fixed at 2s. 6d. per
CIA, subsequently increased to ss. per word, but as the
it'e arrived when the cable would be ready for actual use,
Was seen that the mass of business this company would
i'lliediately find offered to it, would so far neutralise the bone-
ti of it by completely choking the line, that a represents-
-o°4 to the Lords of the Treasury within the last few days
subject, has led their lordships to consent to the
(1-„,t4, Pany, until Ist September next, experimentally
ktl'oarging, without restriction, such rates for messages
kbithe Company may, on full consideration, deem reason-
k:e and proper ;" and it is fully expected that by this
14;ange annum. nt the net profits will reach one million sterling
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).
Tl, £600,000 Ordinary Shares.
(5 amount required to pay 5 per cent.
Vlnterest
on £lOO,OOO Debentures is X 5,000 per annum.
8 amount required to pay the Pre-
:tepee Dividend of 8 per cent. on
'600,000 (of which the present issue
fe
rros the balance) 48,000 „
6 amount required to pay4per cent,
°ll £600,000 ordinary capital is

to Making a total of £77,000 u
g £923,000 per annum ?urplus inco. me. Half the
v-erant f venue above the said .£/7,000 is available for .
eti4jlY bonusore
to the holders of the said 8 per cent. Prefer- '
ti—e Shares. Th?refore,orithe above-mentioned calcula-
to'Q' the total available dividend and bonus would amount .
qthnve 76 per cent. per annuln, in addition to the 8 per
t 1,3 preference as above, anestimated total divi-
lead„ of 84 per cent. per annum on thesees Preference Shares,
ttrrs".._llg, after deduction of 20 per cent. for the formation of
ill;YLowal fund for laying down a nebew cable, 64 per cent.
q ,I,,4end, of which 8 per cent. would preferential divi-
e-'Bocured by Act of Parliament. .
What the price of these Shares will be a month hence,
11 such prospects, it is
.difficult to say, especially as the
pyres above given do not, in the opinion of persons corn-
t,,i..!it to judge, at all represent the . maximum probable re-
cohlts,; but taking them as the basis for calculation, and
44aering the continued demand there must be for mes-
tv, , Consequent upon the ever-increasing business be-
-1)01 the Continent of Europe, England, and America, and
felo"Ilg in mind that this cable will complete the line of
I,brapb. between San Francisco and India, it is not impro-
tW,,,,° that, by the time that telegraph communication be-
fill'', 4 England and America is an accomplished fact, these
ftes may be worth £2O, or .£1 p.remum Share.
\113,31.°41 the phalanx of talent existing in thpeasrcientific ad-
!kW!! of the Atlantic Telegraph Company, and from the
f'ivoulat the laying of the cable has been entrusted exclu-
cll4',7' to the emipent Contracting Company who have had
tleo,-‘g° of the manufacture of it, and whos.estaffofeEfntgibe-
ttc.B. and Electricians have successfully laid most
lato,"l4g cables, whether laid in deep or. shallow seas, it
to I Well be believed that every precaution has.beentaken
tb;4llre the successful laying of this cable : achieved,thislue
itve,,,,°13.1Y bar to the Shares attainin thehh
places
4 °lle acquainted with the undertaking.pl s them at
/vliet".l"ed ; this risk, however, may easily be assessed
141:ait is mentioned that leading insurance.companies and
°f l' ‘,.:8 have underwritten policies embracineve risk
11 ;:so,,ner
Int
I.
nfit
egdr
pe it ;
ice l a .
t 1 hug, insulation, &c., at 25 guineas per cent., showing
se in the result anticipated.
.esinterested
ill 41114113 r, the Directors of the several Companies
di, e u
f lly anticipate being able to raeporbet
letaecvhe
, ato the favourable progress. 11
°Poo. 'of the success of an undertaking which all look
thatlt !' a national work.
will will be seen from the proposed allotment of the Shares
°A x.-:ille distribution of them is intended to be made upon
iti)„.".LO'e a basis as possible, so as to give the whole of thee_
beiri;lr-atits the assurance of receiving an allotment and f
6thbV Permitted to join an unexampled commercially pro-
lir: as Well as politically important undertaking._ . . .
btelned
Of th sPectuses and Forms of Application can be o _
CO ° Credit Foncier and Mobilier of England mimited
.4.°2'norhaciTt"7.oe., E ~, Be tary), at their Offices, 17. and 18.),
, London ; of the Imperial Mercantile Credit
ta;ciation (Limited) (W. C. Winterbottom, Esq., Secret:
4 at their Offices, 27, Lombard-street; also ol the A