The Sun.
London, England, 1865-02-24 00:00:00

THE RIO DE JANEIRO GAS COMPANY
(Limited).
Incorporated under the Companies Act, 1852.
To be constituted also a "Societe Anonyme " in accordanee
with the Laws of Brazil.
Share Capital £600,000, in WOO shares of £2O each.
Deposit £1 per share on application, and £1 further on allot-
ment. The remainder in the following instalments, viz.:
£5 on the 28th of April, 1865.
£5 on the 34h of May. 1865.
£5 on the 30th of June, 1865.
Shareholders will have the option of postponing payment
of the April and May Instalments until the 30th June upon
payment of interest at the rate of £5 per cent. per annum.
DIRECTORS.
Richard Carruthers, Esq., Eden Grove, near Carlisle (for-
merly of Rio de Jan( iro).
James Atherton, Esq, Swinton Park. Manchester.
Alexander D. Macgreg r. Esq. (Maus, Macgregor, and Co.),
London.
Manger Smith Collins, Esq., Guernsey.
Barlett James. Esq. (Carruthers, De Castro, and Co.), Manager
of the Rio Gas Company from its commencement.
SOLICITORS.
Messrs. Bircham, Dalrymple, Drake, and Co.,
Parliament-street, S.W.
BANKERS.
The London and Westminster Bank, Lothbury.
BROKERS.
Messrs. P. Cazenove and Co., Threadneedle-street.
SECRETARY (pro tem.)—Mr. John Du Boulay.
TEMPORARY OFFICES.
No. I, Gresham House, Old Broad-street.

This Company hail been formed for the purpose of acquiring
two concessions granted by the Imperial Government of
Brazil far lighting Rio de Janeiro with Gas. The conces-
sions, which are dated rest ectively the 11th of March, 1851.
and the 13th October, 1851, grant the monopoly of supp ying
the city with gas for a period of 25 years from the 25th March,
1851.

In consequence of a provision Inserted in the former con-
cession, an assignment was proh bited, except with the.con-
sent of the Imperial Government, and consequently it vas
not competent for the concessionaire to release himself from
his individual obligations so as to surrender the concessions
absolutely to a company, but ajoint-stock and rtaking, under
the sanction of the Government of Brazil, was organised for
giving effect.to the concession, the concessionaire remaining
liable to the Government.

The result of the working, from the commencement of 1851
up to the present time, has been hi hly satisfactory, and the
proposal for a sale of the undertaking to an English Com-
pany has arisen solely from the necessity which a compara-
tively new country like Brazil is under, of obtaining capital
from the European money markets to aid in i he development
cf industrial undertakings. An Imperial decree having been
obtained authorising an absolute transfer to a Company to be
organised in Europe of the concessions, and all the rights,
powers, privileges, and profits conferred thereby, all obstacles
to the undertaking being abeclutely vested in a Joint-stock
Company are at an end. Arrangements have accordingly
been made with the concessionaire and the Brazilian Com-
pany for a transfer to the present Company of the conses-
eons and the works and property of the existing undertaking,
including contracts with the Government (the:payments 011
which an. guaranteed to be made in gold) and private indivi-
duals, and for maintaining those works, and constructing and
maintaining any other works that may be authorised by any
further or supplemental concession.
The concession confers the cxclusi re privilege of furnishing
gas to the publi authorities as well as to private individuals
up to the 25th March, 1879, at the price of B,OJO reis (17s. 9c1.)
per 1,000 cubic feet. There are at p esent in the city of Rio
about 21,000 houses, of which only 6,900 are now furnished
with gaslights. The increase, however, of houses requiring
to be so lighted may be taken at about 30 per month. The
I.ublic lamps exceed 5" 00 in number.
The follow ng extracts from the published Reports of the
Brazilian Company show the progressive increase in the
number of burners since the first introduction of Gas in
Rio:

Houses Supplied. Public Lamps.
Ist January, 1855
/9 1r56
If 1857
ft 1858 . 3,6,7
If 1859
~ 1860 .... ..... 4,828
tf 1861
~ 1882
91 1861
„ 1864
The net profits for the year 1863 amounted to £61.500, and
for the year 1864 to £65.001, or up wards of 10 per cent. on the
proposed n,rchase ,i,oney, namely, £600,000.
Under the to ms of the concession, the Company will be at
liberty to introduce into Riu al machinery and raw materiel
necesssary to the manufactu e of Gas free of duty.
The agreement for the purchase of the concessions, and of
all the valuable Gasworks, connected buildings, and propel ty
in Rio, provides that the Concessionaire shtil bear the pre-
liminary and all other expenses of the Company up to the time
of the undertaking being handed over to them, and an Im-
perial decree obtained, approving the transfer, and recognis-
ing the ompany as a Soci6te Anonyme in Brazil. The pur-
chase money will be paid as folios s :—£150,001 out cf the
depo.its on alotment, and the balance, £450,000 on 30th
June next, or so soon thereafter as the property is handed
over t o the Company and the Imperial decree obtained. The
Company has the option of paying one-hall of the purchase
money in sully paid up shares.
The profits of the undertaking will accrue to the Share-
holders as from Ist July next.
The Subscribers will thus acquire a valuable property and
an existing business, the net profits of which (without taking
into consideration the progressive increase which past ex-
perience shows may be certainly expect ed), will yield them
an immediate return on their capital exceeding 10 per cent
per annum.
Copies of the concession and of the agreement of purchase,
together with the articles of association, can be inspected at
the offices of Messrs. Blrcham, Dalrymple, Drake, and Co.,
46, Parliament-street, Westminster.

-Prospeztuses- nd forms of application for shares can be
obtained of Messrs. Maui, Macgregor and Co., Gresham
House, Old Broad-street ; and of Messrs. P. Cazenove and
Co., the Brokers of the Company, Threadneedle-street.

FORM OF APPLICATION FOR SHARES.
ro the Directors of the Rio dejJaneiro Gas Company
(Limited.)
Gentlemen,—Having paid to your bankers, the London dnd
Westminster Bank (Lothbury), the sum of £ , being a
deposit of XI per share on Shares of the above Corn -
pany, I hereby request that you will allot me that number ;
and I agree to accept finch shqrcs or any less number you
may allot to me, and I also agree to pay on allotment the
further sum of £4 per share allotted • and I authorise and
require you to insert my name on the Register of Members
for the number of shares allotted to me.
Usual Signature •
Name in full: •
ilesideece
Profession .....
Date