The Sun.
London, England, 1862-11-26 00:00:00

THE SOUTH AFRICAN IRRIGATION and
INVESTMENT PANY ).
To be incorporated underCO the MCompaniesLimited Act, 1862,which
specially limits the liability of each Shareholder to the
amount of his Shares.
Capital £1,000,000, in 20,000 Shares of 1.50 each. (Power
to increase.) First issue 10,000 shares.
Deposit on, application £1 per Share, and a further pay-
Inent 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., Merell Ant (Barry and Nephews), Lon-
don and Cape Town, Director of the London and South
African Bank. - James Black,L. Esq., (Black and Co.), Merchant, London,
Graham's Town, and Port Elizabeth.
Alexander Croll, Esq
London and Port Elizabeth Alexander Croll and Co.),Merchant,
~.
'tared Jarvi.a, Ksq , London (late Chairman of the Cora-
reial Bar,k, Port Elizabeth).
63313' Sharman, Esq., Merchant (Levicks and Sherman),
London and Cape 'own.
Joseph Mosenthal, Esq , Merchant (Mosenthal and Co.),
John London, Port Elizabeth, and Cape Town.
Paterson,Esq. (Patersor.,Ketnp, and Co.), Merchant,
L"ci
on, and Cape of Good of Hope,Director of the Stan-
A, dard Sanwartk of British South Africa.
C. Ste, Esq., Merchant (Stewart and Co.), Liver-
pool and Port Elizabeth.
The BAN/mils.
Alliance- Bank of. London and Liverpool, Lothbury,
London, and The Albany, Liverpool.
SOLICITORS.
Messrs. SOLICITORS.
and Argles, Mincing-lane, London.
Messrs. J. BROXERS.
. and J. Whitehead, 8, Moorgate-street, London.
TEMPORARY OFFICES.
No. 27, Moorgate-street, London.
PROSPECTUS.
the South African Irrigation and Investment Company
8 established with a view to aid in the furtherance of those
Public undertakings in the South African Colonies, includ.
lugthe Cape of Good Hope, British Kaffraria, and Natal,
Y which their resources may be more fully developed ; the
result being in the opinion of the Directors, certain to prove
4:10:it satisfactory to those who embark their capital.
tbjeThe Company's operations will embrace three main
cts._
lst. That of a Land and Irrigation Company.
2d. That of a Public Works (more especially a 1118',P?..ving, and Water Company) ; and
3(1. Light-
That of a Trust, Loan, and Investment Cmpany.
It has seemed wise to the Directors to cotabine these ob-
sects in one company, Once, while all are entirely com-
Patible, and can be very properly undertaken under one
4elZanagement, the heavy expenses of offices, directions, and
ults for senarate companies will be thereby avoided.
ti~8143•011.0.1 African Irrigation and Investment Company,
to i:meeting the Wants most keenly felt at the present
S'he South African Colonies, cannot fail to realise
Shareholders ample returns upon the capital.
As a Land and Irrigation Company it will enter Upon a
attost promising field of operations. Large tracts of fertile
zit along the rivers, and in the great karoos or plains of
b.oeie2-lintr.Y, are to be purchased at very low prices, which,
eingation works, in dam tanks, or water leadinge from
ers, may be converted, by no great outlay, into proper-
:tllB many times their original value. The Government
urtle for 1860 of the value of landed estates in these
vlyTies show that where by private enterprise irrigation
Ke_have been constructed on farms, the enhancement of
has been from five to tenfold; e.nd as such results.
In.sa`io been achieved by private enterprise, yet more. satis-
,""LaptY results may be looked for whete labour is more
rf neised and scientific skill is brought to bear.
tore CcunPany will not only purchase lands! with a view
bill tabs
after the construction of irrigation works, but
Q, take contracts for the construction of like works upon
te jernment and private lands. It is known to be in cen-
tre/1:U". in next session of the Colonial Parliament to in-
e a bill to facilitate the construction of a series of Go-
Eraiiine'lf- tanks, and to secure on the capital employed in
at ,„ Nworks on Government land a Government guarantee
least 6 per cent, per annum.
AiA.,4B a Public Works Company for the towns of South
a, Luca the prospect is equally inViting. There is scarcely
I,3'wn of magnitude which is not now prepared to offer est liberal and remunerative terms to this Company, to
it,131 to it a constituted Water and Gas Company; and
rE Elizabeth (now the commercial capital of all South-
'4B.t;ern Africa), caused a Bill to be introduced into last
-rraori. of the Colonial Parliament, charging the whole
ts (,-,,erq of the town. for £BO,OOO, to guarantee at least
T,'„ Per annum on outlay for works for water supply.
VtDirectors feel that the present is a most favourable op-
unity fcr the establishment of a Company- f9r Public
to and they confidently anticipate that they will be able
-9.,,,equplete arrangements with the authorities at Port
(7"4abeth to become its Lighting, Paving, and Water
-"Illan business,o ensure a most favourable commence-
feent of , and facilitate future operations. It may
tQumentioned that in towns where, by authority of local
nieipalities, water-works have been constructed, they
. aye proved sources of very large profits on the Incapital
shed, and the only Gas Company in operation in
ten
Per cent. Africa pays annual dividends varying from 15 to 20
As a Trust Company a very considerable and profitable
business can be done. It will be in position to offer very
ample security to constituents, and the following statement
of selling prices of Shares in e
show what may be done listing Trust Companies will
under this head :

Paid up. SellingPrice
£ a. d. a. d.
ILO 0 0 360 0 0
187 10 0 375 0 0
200 0 0 252 0 0
1 10 0 3 10 0

Board of Executor s
AsPociation for Administering
Estates
Cleneral Estate, &c.
POZt Elizabeth Guardian and
artist
As-

•
"'a Loan and Investment Company it cannot fail to show
r"afactory results. Money may be invested to almost any
ittent in first or preference mortgages, of the amplest secu •
on 102 landed property in the South African Colonies, at
vialling from 6 to 12 per cent. per annum, thus yield profit over the cost of money in England ; and
)3,,_ wool be the object of the Directors to raise money on
IP:luntures of the Company or otherwise, to be specially
ed to loans on such first mortgages, it becomes matter
Naas". calculation that the profits to be made by the Corn-
-14 .7 this department of its business will be highly re-
arterative
Aarrat
roftee_ gernents are in progress for the immediate com-
Nitta 'cent of the business of the Company in all its de..- toutieents, and the Directors will give their especial at
tagersrk. to the selection of efficient and well-qualified
ma.
Pow ergthe will be taken in the Articles of Association for
ties'ao::orporation with this Company of existing Compa.
4401
this
object in South Africa.
infig s CcMpany is established at the urgent request of
ential colonists, who are prepared to invest in the Coni-
ferauot aY to considerable extent, 2,000 shares will be reserved
in South Africa.
PreZl?, Provision has been made by the Directors for
.the
t
PayittpaarY expenses as will secure the Company spins
and ti 7 ally sum whatever in the nature of promotion niney,
the p,B Articles of Association will contain a clause giving
of tit'n'pholders the power to fix, year by year, the amount
turectow remuneration.
bratacbaead office of the Company will be in London, but
14400 offi
ces and local committees, under the control of the
Solithe 13
Afri °ard will be established in the chief towns of
4PPIi ea'
eime, eation for Shares to be made in the following form,
• to the Brokers or to the Secretary of the Company.
theTo OF APPLICATION FOR SHARES.
Directors of the South African Irrigation and In.
vestment Company (Limited).
Gentlemen,,,—Having paid to your Bankers the sum of
he abo eeing a deposit of LI per Share on Shares in
bthat ve eompany, I hereby request that you will allot me
~:uttalber, and I agree (according te the form prescribedn
i;Y_sirke Articles of Association), to accept such shares, or.a
.4 number
at A6B- • .011 may allot me, and to execute the Articles
ialty beociation when required ; and I request that my name
eo ctii Placed on the Register of Shareholders for the Shares
laced

Name in full
Residence **
Profession of Business
Date
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