The Sun.
London, England, 1865-06-20 00:00:00

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411 Not yet issued to the general Public, viz.: -
+4O Preference Shares of £5 each, bearing 8 per Cent.
per Annum.
Preference Interest authorised by Special Act of Parliament.
'Posit £1 per Share on Application, and £4 on Allotment.
Each No further Liability of any kind.
Subscriber's Liability being specially limited by Act
of Parliament to the Amount of his Subscription.
The DIRECTORS.
-6 Right Hon. JAMES STUART WORTLEY, Gover-
nor of the Credit Foncier and Mobilier of England
c (Limited), Chairman.
Cuts M. Lampson, Esq. (Messrs. C. M. Lampson and Co.)
London, Vice-Chairman.
f‘e°l'go Peabody, 22,01 d Broad-street, London.
a rancis Le Breton, Esq., 21, Sussex-place, Regent's-park.
°F.° Ponder, Esq. M.P., Manchester (Director of the Bri-
-11811 and Irish Magnetic' Telegraph Co.).
,dward Moon, Esq., Liverpool
'anluel Gurney, Esq., M.P., 65, Lombard-street, London
I,(ilessrs. Ovorend, Gurney, and Co.).
‘'llvard Cropper, Esq., Swaylands, nearPenshurst (Director
of the British and Irish Magnetic Telegraph Co., and of
Cap the London
Haan orth-Western Railway Co.).
Q.,ain A. T. ilton 12, Bolton-row, Piccadilly.
• • Bidder, Esq., 24, 'Great George-street, Westminster
Director of the Electric and International Telegraph
and Engineers late President of the Institution of Civil
t.).
''r Edward Cunard, Bart., Old Broad-street, London, of
,the British and North American Royal Mail Steam
-racket Company, and Deputy-Chairman of the Ocean
urine insurance Company.
HONORARY DIRECTOR.
H. Stephenson, Esq., late Official Director on this Board
on behalf of her Majesty's Government, and now Chair-
plan of the Board of Inland Revenue.
ELECTRICIAN.
Cromwell F. Varley, Esq.
Ca CONSULTING COMMITTEE.
IsTPLain Douglas Galton, R.E., F.R.S.
iniarn Fairbairn, Esq., F.R.S., late President of the
J 13ritish Association.
118°1311 Whitworth, E F.R.S.
professor
Wheatstone, Fsq., .R.S.
•qofossor W. Thomson, F.R.S., of Glasgow.
SECRETARY.
George Saward, Esq.
OFFICES-12, St. Helen's-place, E.C.

The distribution cf these shares will be made as nearly
It Poss ible as follows :
1000 Shares will be appropriated lirappTiEruirs-WIF are
Shareholders in the Credit Fonder and
10 AA Mobilier of England (Limited).
Shares will be appropriated to applicants who aro
Shareholders in the Imperial Mercantile
10 Credit Association (Limited).
)000 Shares will be appropriated to applicants who are
Shareholders in the Atlantic Telegraph
Company.
10,000 Shares will be appropriated to applicants who are
Shareholders in the Telegraph Construction
10 A and Maintenance Company (Limited) ; and
AO Shares will be appropriated amongst the general

The above numbers are so far approximative as to be sub-
)act to reduction or increase according to the total number
of applications mado, it being the intention, however, that
e 461 applicant shall receive an allotment.

BANKERS.
I,,,ressrs. Glyn, Mills, Currie, & Co., Lombard-street, London.
4,410 -Union Bank of London, Princes-street, E.C.
4-110 Agra and Masterman's Bank (Limited), Nicholas-
,.lane, London.
~,4Lessrs. Smith, Payne, and Smiths, Lombard-street, London.
The National Bank, London, Dublin, and its Branches in
.`llO National Bank of Scotland, Edinburgh, and its
The
in Scotland.
Messrs.
Consolidated Bank, London and Manchester.
J. Barned and Co., Liverpool.

BROKERS.
lkssrs. Laurence, Son, and Pearce, 9, Angel-court, E.C.,
London.l,.
Messrs.
Foster, Braithwaite, and Co. 27, Austinfriars.
'Vssrs. Taunton and Co., Liverpool.'
i;essrs. Shore and Kirk, Manchester.
'4essrs. M'Ewen and Auld, Glasgow.

„,Of all te enterprises of a commercial character none has
over excite d h attention and interest as that of the
so muc
-Mantic„, Telegraph Company.
The reason of this is perfectly obvious ; the immense
Political importance of the Company, as well as the enor-
141s profit to be anticipated by its Shareholders, together
dthe scientific interest attached to it, combining to a
°p
not found in any enterprise having commercial
rrofit for its legitimate end.
ba:al enterprise so important, and now become so compa-
Ivoly easy to accomplish, appeals not only to the great
~3-aMercial interests of Europe and America, but to the
'lllpathies of all classes in both countries ; its benefits to
N 4, e 0 and civilisation it is impossible to estimate.
Ici:e near approach of the period when the cable is to be
vi,I1(1 is already the cause of much excitement amongst all
are aware of the fact.
1,.-u„ho date for the Great Eastern steamship's departure
fAiLa the cable is actually fixed for the Bth July, about a
g'ar.tllight from the present date, and it is not too much to
0? that from the hour of her leaving the whole continent
Pr' grope and America will be intent upon watching her
°,g, ress. His Royal Highness the Prince of Wales has
C"fied his warm interest in the undertaking by personally
throe
the cable on board the Great Eastern about
'roe weeks ago.
The exceptional character of the undertaking is further
of?wn by her Majesty's Government granting the services
of her Majesty's men-of-war steamers, the Terrible
gn the
the Sphynx, to accompany he
t Groat Eastern, and assist
operation of laying © cable.
111 calculating the rate of profit of this undertaking, of
j,,°llrse everything depends upon the scale of charges adopted
I,7'!‘„the transmission of messages; the first tariff agreed to
\vl, her Majesty's Government was fixed at 2s. 6d. per
ti„,°r(l, subsequently increased to ss. per word, but as the
ii'ue arrived when the cable would be ready for actual use,
immediately
seen that the mass of business this company would
find offered to it, would so far neutralise the bone-
tit
of it by completely choking the line, that a representa-
e a ato the Lords of the Treasury last f das
th
o subject, has led their lordships tothe consentew to the
I,o„lll,Pariy, until Ist September next, experimentally
charging, without restriction, such rates for messages
b'4 Company may, on full consideration, deem reason-
De and proper dit is fully expected that by this
„angenaellt the net profits will reach one million sterling
4,annum.
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.
`;° amount required to pay 5 per cent.
Interest on £lOO,OOO Debentures is £5,000 per annum.
amount required to pay the Pre-
ference Dividend of 8 per cont. on
£600,000 (of which the present issuo
fo
rtas the balance) 48,000 „
” amount required to pay 4per cent,
°ll £600,000 ordinary capital is

Making a total of £77,000 „
a:g £923,000 per annum surplus income. Half the
cant of revenue above the said £77,000 is available for
eoTarlY bonus to the holders of the said 8 per cent. Prefer-
ti ee Shares. Therefore, on the above-mentioned calcula-
e,°a, the total available dividend and bonus would amount
above 76 per cent. per annum, in addition to the 8 peroetit preference as above, making an estimated total divi-
-1:j of 84 per cent. per annum on these Preference Shares,
after deduction of 20 per cent. for the formation of
q,ctallewal fund for laying down a new cable, 64 per cent.
e-"clerid, of which 8 per cent. would apreferential divi-
°Ltd secured by Act of Parliament.
Ivint hat the price of these Shares will be a month hence,
ILLII such prospects, it is difficult to say, especially as the
pd 'es above given do not, in the opinion of persons cora-
-411 to judge, at all represent the maximum probable re-
eohns ; but taking them as the basis for calculation, and
tZsulering the continued demand there must be for mes-
NP°3, consequent u
nt opon the ever-increasing business be-
t, °en the Continef Europe, England, and America, and
%PP ag in mind that this cable will complete the line of
baLgraph between San Francisco and India, it is pot.impro-
ttr'" that, by the time that telegraph communication be-
litm England and America is an accomplished fact, these
homesv, may be worth £2O, or £l5 premium per Share.
pi; l'cra the phalanx of talent existing in the scientific ad-
1-el's of the Atlantic Telegraph Company, and from the
trtethat the laying of the cable has been entrusted exclu-
eZlY to the eminent Contracting Company who have had
4,:ge of the manufacture of it, and whose staff of Engi-
ii!! and Electricians have successfully laid most of the
)334-"tig cables, whether laid in deep or shallow seas, it
tWell be believed that every precaution has been taken
th:usare the successful laying of this cable : this achieved,
et; Only bar to the Shares attaining the high value which
"I'S' one acquainted with the undertaking places them at
%too:loved ; this
thatowever, may easily be assessed
ti ell it is mentioned leading insurance companies and
of Za's have underwritten policies embracing every risk
%Rg, insulation, &c., at 25 guineas per cent., showing
i.;l. confidence in the result anticipated.
Jaally, the Directors of the several Companies interested
ea.b'ss enterprise fully anticipate being able to report each
itcy during the laying the favourable progress all believe
yi'aoaald of the success of an undertaking which all look
jt ae a national work.
will be seen from the proposed allotment of the Shares
as t the distribution of them is intended to be made upon
ttpis":oe a basis as possible, so as to give the whole of the
be cants the assurance of receiving an allotment and of
Nil Permitted to join an unexampled commercially pro-
pr a as well as politically important undertaking.
of til°BPectuses and Forms of Application can be obtained_
(Alf_e Credit Foncier and Mobilier of . England (Limited)
red Lowe Esq., Secretary), at their Offices, 17 and 18,
E.C., London ; of the Imperial Mercantile Credit
tb,s'ciation (Limited) (W. C. Winterbottom, Esq., Secre-
hti,q, at their Offices, 27, Lombard-street; also of the At-
ta Telegraph Company (George Saward, Esq., Secre-
tfil? at their Offices, 12, St. Helen's-place, E.C., London ;
(14 Telegraph Construction and Maintenance Company
gW. Shuter, Esq., Secretary), at their Offices,
oad-street;yo ~ld or of the Brokers or Bankers; but
tikrilleation will be entertained unless the sum of £1 per
444 °ll application has been paid to one of the Company.'s
tet,i erS on the number applied for. Every applicant will
tho Je an allotment, but should a less number be allotted
the tlia asked for, the amount paid will be applied towards
Louon, 1 Per hare due on those allotted.
' 19th June, 1865.

in: PER CENT. PREFERENCE SHARES OF
ATLANTIC TELEGRAPHIC COMPANY.
Issue of 50,000 Shares, £5 each.
Te the NO.—
Directors of the Credit Foncier and 3fobilier of
h 4entle England (Limited).
kaltt th,,n,—Having paid to the (insert bankers' name)
811n1 of £ , being £1 per Share on
antic
allot ,rl. Cent. Preference Shares of £5 each in the At-
-11 elegraphne Company above-mentioned, I request you
i
Shares in the said Company upon the
eept the Prospectus issued by you, and I agree to ac-
t° /4:"e11 Shares or
on allot any less number that may be allotted
due and to pay the further sum of £4 par Share thereon
went.
I art; Gentlemen, your obedient Servant,
Usual signature
Name and surname in full
Profession, trade, or occupation
Residence
Date Juno, 1865

In IS 64 alone 1,240 Policies were issued. as-
suring £1,031,578 0 0
NINETY PER CENT. of the whole Profits divided among
the assured.

FIRE DEPARTMENT.
PREMIUMS for 1861, less Re-insurances.... £219,235 10 8
Being an INCREASE over those for 1861 of 51,043 2 5
INSURANCES granted at HOME and ABROAD on the
most liberal terms.

ACCUMULATED FUNDS at 3I s 6 Decem-
ber, 1E64 X2,304,511 7 10
ANNUAL REVENUE for all Sources 565,458 16 2

This Company grants the public the full value of the
REDUCTION OF DUTY, and issues Policies free of any
charge for Stamp.
Forms of Proposal. and full information may be bad at the
Head-Offices. or from any of the Agents throughout the
King dom, Colonies, &c.
CHIEF OFFICES.
London .... • 6l, Threadneedle-street.
Wcst-End Branch ; (Secretary, A. J. Russe'l,)
8, Waterloo-place, Fall-Mall.
By order, F. W. LANCE, Secretary.
T" curmx-A, • __

,HE CHUBWA TEA COMPANY of ASSAM

(Limited).
....al:posted under the Joint Stock Companies Act of 18E2.
Capital X3E0,000, in 30,000 Shares of £lO each. First issue

20,000 Shares.
A minimum dividend of 10 per Cent. per annum has
been guaranteed for three years, payable half-yearly in
January and July.
Deposit 10s. per Share on Application, and a further pay-
ment of 10s. per Share on Allotment. No Call to exceed
£1 per Share, or to be made at a less interval than two
months from a previous Call. Where no allotment is made
the deposit will be returned in full.
DIRECTORS.
George R. Barry, Esq. (late of Serajgunge, Bengal), 7, Pera-
bridge-square, Bayswater.
Edward Hood Miggs, Esq. (late of Dibrooghur, Director of
the Northern Assam Tea Company, Limited), 35,
Bucklersbury.
Alfred Mumford, Esq. (Director of the Upper Assam Tea
Company, Limited), Messrs. Bartrum, Protyman, and
Mumford.
Samuel Thompson, Esq. (Director of the Upper Assam. Tea
Company, Limited), 31, Great St. Helen's.
William Thompson, Esq. (Director of the Nowgong Tea
Company of Assam, Limited), 2, East India-avenue,
India House, Leadenhall-street.
With power to add to their number.
BANKERS.
The Agra and Masterman's Bank (Limited), Nicholas-lane,
Lombard-street.

SOLICITORS.
Messrs. Thomas and Hollams, Mincing-lane.
BROKERS.
Messrs. Lowudes, Surgey, and Woolley.
AGENTS IN INDIA.
Messrs. Thomson, Shaw, and CO.
SECRETARY.
Alexander Forbes, Esq.
OFFICES.
2, East India-avenue, India House, Leadenhall-street, E.C.

PROSPECTUS.
This Company is formed for the purpose of purchasing,
working, and further developing several valuable and ex-
tensive Tea Estates in Upper Assam, in British India.
These Estates, which will be conveyed to the Company
partly in freehold and partly on perpetual lease, comprise in
all not loss than 16,000 acres, chiefly of fine forest land, the
bulk of which is admirably adapted for Tea cultivation, and
are situate in the Luckimpore, at a distance of from six to
twenty miles from Dibrooghur, the principal station, in
proximity to the rivers Tingri, Dikhom, Dehing, Tiplin,
and other streams, and to the two chief roads of the district.
They possess the advantage of a considerable supply of
local labour, and the suitableness of the locality for Tea
planting, as to soil and climate, has been sufficiently proved
by the success with which the cultivation has hitherto been
attended, both in these gardens and in those of the principal
companies already established in that part of Assam.
Between Dibrooghur and Calcutta there is constant com-
munication by steamers, affording facilities for the supply
of imported labour to the Factories, and for other require-
ments, as well as for the conveyance of their produce to
Calcutta.
Of these Plantations, 1,685 acres aro planted in Tea Gar-
dens, the particulars of which are subjoined. The produce
of the Estates has obtained a high reputation in the Lon-
don Market.
A minimum yearly dividend of 10 per cent. on the paid-
up capital, payable half-yearly, has been guaranteed, in
part by reduction of the purchase moneys, in other part by
the placing of a competent sum of cash in the hands of the
Directors, and also by the deposit of the debentures in
'which the purchase moneys are to be paid; the whole of
which securities afford, in the judgment of the Directors,
a most ample security for a dividend at £lO per cent. dur-
ing the first three years in case of need, but which the
Directors, however, do not contemplate will arise. After
the expiration of the third year, as nearly all the Planta-
tions will be in full bearing, it is confidently expected that
considerably larger dividends will be progressively rea-
lised, and the calculations from which this result is arrived
at have been made altogether exclusively of any return
from the sale of tea seed.
The price for the property has been fixed at £168,500,
payable by annual instalments, with interest at 5 per cent.,
extending over a period of five years, as follows, viz.
On Allotment of Shares £28,500
31st July, 1866 38,000
1867 33,000
~ 1868 20,500
~ , ~
1869 18,500
~
~
1870 30,000

Total £168,500
Provisional contracts for the purchase of the Estates
have been executed.
Eleven thousand shares have already been applied for.
No promotion money whatever will be paid, and the pre-
liminary expenses will be strictly confined to what are in-
dispensable to the formation of the Company.
It has been stipulated that, in order to give the Company
the benefit of his knowledge and experience, one of the
vendors should join the Direction.
The Articles of Association and Provisional Contracts
may be seen at the Offices of the Company.
In consequence of inquiries which have already been made,
the Directors have decided to receive a limited number of
applications for shares fully paid-up, participating in the
dividend from the date of payment.
Applications for Shares to be made in the accompanying
forms to the Company's Brokers, Bankers, or Secretary,
from whom prospectuses can be obtained.
London, June, 1865.
PARTICULARS OF THE ESTATES OF THE
CHUBWA TEA COMPANY OF ASSAM (Limited).
1. The Chubwa Estate, purchased from Messrs. James
Warren and Nephew—
Consists of Kalijan,. Dikom, Sealkatie, Chubwa, Sessa,
and Hatti Allee factories and grants, all in the Luckimpore
districts, on the banks of the Dikhom and Sessa rivers, and
on the roads leading from Dibrooghur to Jeypore and Sudya,
at a distance from the station of from 6to 20 miles. Extent
of land, 5,800 acres ; of which 525 are planted, and of the
following ages, viz.:-
280 acres 4 years old and upwards, and in the fourth year
180 „ 3 or in the third year.
40 „ 2 or in the second year.
25 „ 1 or in the first year.

Total, 525
2. The Tingri Estate, purchased from the Upper Assam
Tea Company (Limited), consists of the Factories of Tingri,
Rungagora, and Nudwa, all in the Luckimpore district, on
the banks of the Dibroo and Tingri rivers, and along the
roads from Dibrooghur to Jeypore, and Sudya, varying in
distance from the station from 12 to 20 miles. Extent of
land, 5,000 acres; of which 660 are planted, and of the fol-
lowing ages, viz.:-
156 acres Old Cultivation
255 „ Plant of 1861-62.
155 „ „ 1862-63.
51 „ „ 1863-64.
43 „ ~, 1864-65.

Total... 660
3. The Wilton Estate, purchased from William Thom-
son, Esq., consists of Wilton, Lingrai, Bamnee Corea, and
Tiplin Factories and grants, and Dibrooghur grant with
Bungalow, all in the Luckimpore district, on the banks of
the Dikhom, Dehing, and Tiplin rivers, and on both sides
of the Jeypore road, at a distance from the station of from
14 to 20 miles. Extent of land, 5,500 acres ; of which 500
are planted, and of the following ages, viz.:-
20 acres Old Cultivation.
143 „ Plant of 1861-62.
104 „ 1, 1862-63.
133 „ 11 1863-64.
50 „ „ 1864-65.
50 „ Just Planted.

Total 5OO