The Sun.
London, England, 1862-12-01 00:00:00

THE SOUTH AFRICAN IRRIGATION and
INVE'STMENT COMPANY (Limited).
To bo incorporated under the_Comparies Act, lB62,which
specially 'limits the liability of- tech Shareholder to the
~Emlount 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 not Intended to call up more than £lO per Share.
-,-, - -....1 DIRECTORS.
,"John •oarry, Es•-•.,
q Meichant (Barry and Nephews), Lon-
' , don. and Cape Twirl' Director of the London and South k ' African Bank.
James Black, Esq , (Black and Co.), Merchant, London,
Grahara's Town, and Port Elizabeth.
_ Alexander Croll, Esq.(Alexander Croll and Co.),Merchant,
London. and Port Elizabeth.
Alfred Jarvis, Esq., London (late Chairman of the Cora-
.,rnercial Bank, Port Elizabeth).
"I•etil, Sherman, Esq , Merchant (Levieks and Sherman),
London and Cape Town,
. ,
JosephMosenthal, 'Esq.; Merchant (Mosenthal and Co.),
.1,-.1.4a1d0n, Pert Elizabeth, and Cape Town.
John Paterson,Esq. (Patersor.,Kemp, and Co.), Merchant,
London, and Cape of Good of l-Eope,Director of the Stan.
';`,' kr(l,,lßtink•of-British South Africa.
f`iu- BteWart,
Esq
pool and Port Eliz.,
abethMerchant (Stewart and Co.), Liver-
. -. G. Van der Byl, Esq., merchant (Van derßyl and Co.),
London, Cape Town, and Port Elizabeth.
The-Am • BANKERS.
ance Bank of London and Liverpool, Lothbury,
'• ' • London, and The Albany, Liverpool.
• • , SOLICITORS.. Messrs. nix and Argles, Mincing-lane, London.
zi„_ - BROKERS.
"`"• J. and J. Whitehead, 8, Moorgate-street, London.
TEMPORARY OFFICES.
No. 27, Moorgate-street, London. •
yr, PROSPECTUS.
it- .ue South African Irrigation and Investment Company
, , established with a view to aid in the furtherance of those
~..Lrul)lio tmdertakings in, the South African Colonies, inelud -
rg the Cape of Good Hope, British Kaffraria, and Ntal 'I which their resources may be more fully developed ;the
. te
salt being in the opinion of the Directors, certain to prove
,tlost satisfactory to those wh.o embark their capital.
obiTechtsoCompany's operations will embrace three main
Ild. :That of d and Irrigation Company.
;R.' .: 4. That of Works
tong, .. , Public (more especially a Light-
,' Pavin an Water Company) ; and
",,A• That of a Trust, Loan, and Investment Company.
• It has seemed wise to the Directors to combine these ob-
Jitii)eaclisblien andompany, since, while all are entirely corn-
, can be very properly undertaken under one
aer4unaget„,,,t, the heavy expenses of offices, directions, and
r,ants for separate companies will thereby be avoided.
-whilileem"•"th African Irrigation and Investment Company,
time C'eetinc,g the wants most keenly felt at the present
to its Y the South African Colonies, cannot fail to realise
A: Shareholders ample returns upon the capital.
most par oLnlainsdina:d Irrigation Company it will enter upon a
field of operations. I.orge.tracts of fertile
;)11 along the rivers and in the great karoos or plains of
b e:emntrY, are to be purchased at very low prices, which, ~7 .rrigation works, in dams, tanks, or water leadings from V'vera, may be converted, by no great outlay, into proper-
`lea Many times their original value. The Government
proper-
'2lreturns for 1860 of the value of landed estates in these
onles show that where Tic by private enter irrigation
'e have been constructed on farms, the enhancement of
fValue has been from five to tenfold; and as such results
a aye been achieved by private enterprise, yet more satis-
ctory results may be looked for where labour is more
organised and•scientific skill is brought to bear.
t The Company will not only purchase lands with a view
° re-sale after the construction of irrigation works, but
Will take con' racts for the construction of like works upon
Itovernment and private lands. It is known to be in con-
!areplation in next session of the Colonial Pariament to in-
N:troduce a bill to facilitate the construction of al series of Go-
ernment tanks, and to secure on the capital employed in
et at ast
nob
kworks 6 on Government land a Government guarantee
per cento. pers annum.
48 a Public W k Company
for the towns of South
Africa the prospect is equally inviting. There is scarcely
14 tfiviz of magnitude which is not now prepared to offer
).14 liberal and remunerative terms to this Company, to
port
to it a constituted Water and Gas Company;, and
-,-,,Qtt Elizabeth (now the commercial capital of all t.-..outh-
-c•aatern Africa), caused a Bill to be introduced into last
proper
of the Colonial Parliament, charging the whole
175°A1),,"AtY of the town for £BO,OOO, to guarantee at least
Tr," Per annum on outlay for
almostwork for water sup.
Ne 4-01 rectors feel that the present is
•llilY for the establishment of a Company for Public
to (irks,
and they confidently anticipate that they will be able
e4oplete arrangements with the authorities at Port
clizabeth to become its Lighting, Paving, and Water
"IPanY, so as to ensure a most favourable commence-
betnent of business, and facilitate future operations. It may
Mentioned that in towns where, by authority of local
hitnicipalities, water-works have been constructed, they
-
• proved sources of very large profits on the capital
ilivested, and the only Gas Company in operation in
South Africa pays annual dividends varying from 15 to 20
Per cent.
As a Trust Company a very considerable and profitable
business can be &lie. It will be in position to offer very
ample security to constituents, and the following statement
of selling prices of Shares in existing Trust Companies will
show what may be done under this head :

Name of Company.

Paid up.

Sellingprice

toard of Executor
Association for Administering
p_Estates • ...
neral Estate, &c
Elizabeth Guardian and
cruet
• ...

X s. d. X s.
110 0 0 350 0 0

187 10 0 I 375 0 0
200 0 0 252 0 0

1 10 0

3 10 0

As a
13,t1 r Loan and Investment Company it cannot fail to show
ext:tiatcit°l7 results. Money may be invested to almost any
rito n first or preference mortgages, of the amplest seen •
rates a. landed property in the South African Colonies,. at
big.. °ailing from 6 to 12 per cent. per annum, thus yield-
as profit over the cost of money in England ; and
bebewlll be the object of the Directors to raise money on applied of the Company or otherwise, to be specially
Of ea,,(l to loans on such first mortgages, it becomes matter
pang LeVetilation that the profits to be made by the Corn-
itiiiiertt'"titvileie department of its business will be highly re-
toerice'geraents are in progress for the immediate corn-
Perim "'oat of the business of the Company
.in all its dae--
tetv,„,.ell,te, and the Directors will give their especial r
kagerB4.:° the selection of efficient and well-qualifid ma-
tho ow
i -ers Will be taken in the Articles of Association for
'Lies 072rporation with this Company of existing Compa
Ae ti:.!ke object in South Africa.
'Rae $lB C°Lapany is established at the urgent request of
Pally colnists, who are prepared to invest in the Coml.
for co°, a considerable extent, 2,000 shares will be reserved
Buctitaent hi South Africa.
preliminlnarY
Proviaien
has been made by the Directors for the
ayi4p„ any expenses as will secure the Company against
id Ran whatever in the nature of promotion mpg'
the she Articles of Association will contain a clause giving
'3l the Erectors'
the power to fix, year by year, the amount
Th 'rectors' remuneration
1,04'0:11111,efIle_ office of the Comp. any will be in London, but
1, es and local comittees, uner chief ntrol of the
soot on
;1;-'?ard
) will bees blished tithe towns of
a.
titligtiotahtfo Shares to be made in the following form,
pottxt Brokers or to the Secretary of the Company.
the OP APPLICATION FOR SHARES.e Directors of the South African Irrigation and In.
°Qatle vestment Company (Limited).
loin' paid to your Bankers the sum of
illeatabop',..b,.einnlg a deposit of £1 per Share on . Shares in
pany, I hereby request that you will allot. me
13' the"Fr, and I agree (according to the form prescribed
eeB rticles of Association), to accept such shares, or any
of Allittaber You may allot me and to execute the Articles
Isayleociation when required ;sand I request that my na
4 alloettei,aced on the Register of Shareholders for the Shares
a.

Name in full
Residence
Profession of Business
Date

TE° EID ON:
What
1,413/tiv to it? See Patent, March 1, 1802, No. 560.
S Self-adhesive Patent Indestructible MlNE-
ikhttgB -v-411 and FLEXIBLE GUMS, without palates,
or wires, and without operation. One set lasts a
1441,,,e, and WARRANTED FOR MASTICATION and
c°Bt. 4‘;(/1.-ATION. Purest materials only, at half the usual
Messrs. GABRIEL, the old-established Dentists,
-.ARLEY-STREET, CAVENDISH-SQUARE;
34, LUDGATE-HILL, LONDON;
65, NEW-STREET, BIRMINGHAM; and
134, DUKE-STREET, LIVERPOOL.
INTERNATIONAL EXHIBITION, CLAss 17.
„,..‘„,ntrod from country patients, Gabriel 's
Treatise gratia.