The Sun.
London, England, 1865-06-27 00:00:00

ktMEMIIER, YOU WILL SEE YOUR
44,11 Shp there! FRIENDS at " EVANS'. " After the Opera we

le-NAHAN'S LL WHISKY v. COGNAC
BRANDY.
tit,,,„B ode Irated Old IRIS WIIISKY rivals the finest
Coen BRANDY,
.6 Pure, Mild, Mellow, Delicious, and very Wholesome.
did in Bottles, 3s. Bd., at the Retail Houses in London; by
17 &Rents in the principal towns in England; or wholesale

8, GREAT WINDMILL-STREET, LONDON, W.
I;Srve the Red Seal, Pink Label, and Cork branded
LL Whisky."
SAVE YOUR POOR TEETH, and Elonomila
Your Ci Mir& —BUTCHER'S PATENT KEY-RING (Limi
'4ll NIPPERS are sold everywhere. Price ld. 54, 0

[UTUAL LOAN FUND ASSOCIATION
(Incorpor4ted by Act of Parliament, 1850).
to
, 14, RUSSELL-STREET, COVE NT-GARDEN,
DS
tprs/ MONEY on Personal and other Securi io
£5OO, to be repaid by instalments extendingsums over
0, 1440
e, two, or three years. The large Capital of this Associa-
-141 enables it to complete it transactions without delay.
bi.'nquiry or office fees, and strict
'counted at short notice. Form sent free on receipt of a
the
stamped envelope.
ho he Association also lends Money for the purchase of a
4,4 e by a tenant, or for the liquidation of mortgages, on
118 most advantageous to the borrower.
1 EDWARD HARPER, Secretary.

•
REDIT FONCIER and lionridEn of ENGLAND (Limited)
;Thes-,
411 conjunction with the IMPERIAL MERCANTILE CREDIT
ASSOCIATION (Limited), are prepared to RECEIVE SUB-
get itipTioNs for £50,000 PREFERENCE SHARES, being the
'A
-LANCE of the CAPITAL of
TAE ATLANTIC TELEGRAPH COMPANY
Not yet issued to the general Public, viz.:
60,000 Preference Shares of £5 each, bearing 8 per Cent.

1. _ __ ___ ._
per Annum.
preference Interest authorised by Special Act of Parliament.
sit £1 per Share on Application, and £4 on Allotment.
No further Liability of any kind.
Plaell Subscriber's Liability being specially limited by Act
of Parliament to the Amount of his Subscription.
113 x FOLLOWING ARE THE DIRECTORS OF THE ATLANTIC
TELEGRAPH COMPANY.
- ___ -

The Right Hon. JAMES STUART WORTLEY, Gover-
nor of the Credit Foncier and Mobilier of England
(Limited), Chairman.
"Irtis M. Lampson, Esq. (Messrs. C. M. Lampson and Co.)
„London, Vice-Chairman.
'/eorge Peabody, 22, Old Broad-street, London.
l'ancis Le Breton, Esq., 21, Sussex-place, Regent's-pary.
Jku Pender, Esq., M.P., Manchester (Director of the Brt-
eisil and Irish Magnetic Telegraph Co.).
Samuel
Moon, Esq., Liverpool
'atnnel Gurney, Esq., M.P., 65, Lombard-street, London
bOlessrs. Overend, Gurney, and Co.).
milvard Cropper Esq., Swaylands, nearPenshurst (Director
of the British and Irish Magnetic Telegraph Co.)
r,
.'4l)tain A. T. Hamilton, 12, Bolton-row, Piccadilly.
P. Bidder, Esq., 24, Great George-street, Westminster
Tirector of the Electric and International Telegraph
and late President of the Institution of Civil
Rdward
ward Cunard, Bart., Old Broad-street, London.

HONORARY DIRECTOR.
W. If. Stephenson, Esq., late Official Director on this Board
ou behalf of her Majesty's GOVernMent, and now Chair-
)Ll•ali of the Board of Inland Revenue.

ELECTRICIAN.
Cromwell F. Varley, Esq. •
CONFUTING COMMITTEE.
ti,eaPtain Douglas Galton, RE., F.R.S.
Fairbairn, Esq., F.R.S., late President of the
British Association.
Pseph Whitworth, Esq., F.R.S.
rofessor Wheatstone, F.R.S.
Professor 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
48 Possible as follows :-
10,000 Shares will be appropriated to applicants who are
Shareholders in the Credit Foncier and
Mobilier of England (Limited).
Ip,ooo Shares will be appropriated to applicants who are
Shareholders in the Imperial Mercantile
• Credit Association (Limited).
-,000 Shares will be appropriated to applicants who are
ln
Shareholders in the Atlantic Telegraph
10 A Company.
,'OO Shares will be appropriated to applicants who are
Shareholders in the Telegraph Construction
e and Maintenance Company (Limited) ; and
10,000 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
fL applications made, it being the intention, however, that
-1411 applicant shall receive an allotment.

BANKERS.
Messrs, Glyn, Mills, Currie, & Co., Lombard-street, London.
The
Union Bank of London, Princes-street, E.C.
"`',3 Agra and Masterman's Bank (Limited), Nicholas-
lane, London. Lombard-street, London.
Tkessrs. Smith, Payne, and Smiths,
The National Bank, London, Dublin, and its Branches in
Ireland.
'''h„? National Bank of Scotland, Edinburgh, and its
lwanches in Scotland.
ittlie Consolidated Bank, London and Manchester.
essrs. J. Barred and Co., Liverpool.

BROKERS.
Messrs. Laurence, Son, and Pearce, 9, Angel-court, E.G
Messrs. Foster, Braithwaite, and Co., 27, Austinfriars.
Messrs. Taunton and Co., Liverpool.
Messrs. Shorn and Kirk, Manchester.
Messrs. M'Ewen and Auld, Glasgow.

Of all the enterprises of a commercial character none has
ever excited so much attention and interest as that of the
Atlantic Telegraph Company.
1.
ether
'ho reason of this is perfectly obvious ; the m
imense
Political importance of the Company, as well as the enor-
1119as profit to be anticipated by its Shareholders, tog
with the scientific interest attached to it, combining to a
~,'Rree not found in any enterprise having commercial
imofit for its legitimate end.
_An enterprise so important, and now become so compa-
ratively easy to accomplish, appeals not only to the great
commercialinterests of Europe and America, but to the
Peace
of all classes in both countries ; its benefits to
mce and civilisation it is impossible to estimate.
The near approach of the period when the cable is to be .
is already the cause of much excitement amongst all
Who are aware of the fact.
The date for the Great Eastern steamship's departure
With the cable is actually fixed for the Bth July, about a
fortnight from the present date, and it is not too much to
r, that from the hour of her leaving the whole continent
°I Europe and America will be intent upon watching her
Progress. His Royal Highness the Prince of Wales has
testified his warm interest in the undertaking by personally
three
the cable on board the Great Eastern about
"'Lee weeks ago.
eThe exceptional character of the undertaking is further
srwri by her Majesty's Government granting the services
of two of her Majesty's mon-of-war steamers, the Terrible
and the Sphynx, to accompany the Great Eastern, and assist
111 the operation of laying the cable.
calculating the rate of profit of this undertaking, of
Purse everything depends uponthe scale of charges adopted
for the transmission of messages; the first tariff agreed to
With her Majesty's Government was fixed at 2s. 6d. psr
Word, subsequently increased to ss. per word, but as the
time arrived when the cable would be ready for actual use,
It was seen that the mass of business this company would
immediately find offered to it, would so far neutralise the bene-
fit it by completely choking the line, that a representa-
tion to the Lords of the Treasury within the last few days
(r),11 the subject, has led their lordships to consent to the
ijc°lllPaily, until Ist September next, experimentally
charging, without restriction, such rates for messages
as the Company may, on full consideration, deem reason-
able and proper ;" and it is fully expected that by this
arrangement the net profits will reach one million sterling
Per annum.
The capital of the Company is composed as follows :
.ClOO,OOO Five per Cent. Debentures.
£600,000 Eight per Cent. Preference Shares (of which
the present issue forms the balance).
£600,000 Ordinary Shares.
The amount required to pay 5 per cent.
interest on £lOO,OOO Debentures is £5,000 per annum.
'ae amount required to pay the Pre-
. ference Dividend of 8 per cent. on
£600,000 (of which the present issue
.h. forms the balance) 48,000 ~
J:he amount required to pay4per cent
on £600,000 ordinary capital is

Making a total of £77,000 „
l'eaving £923,000 per annum surplus income. Half the
'4llount of revenue above the said £77,000 is available for
Yearly bonus to the holders of the said 8 per cent. Prefer-
Vilce Shares. Therefore, on the above-mentioned
the total available dividend and bonus would amount
tt) above 76 per cent. per annum, in addition to the 8 'per
cent. preference as above, making an estimated total divi-
read of 84 per cent. per annum on these Preference Shares,
allng, after deduction of 20 per cent. for the formation of
n
renewal fund for laying down a new cable, 64 per cent.
dividend, of which 8 per cent. would be preferential divi-
elAsecured by Act of Parliament.
,What the price of these Shares will be a month hence,
~Oh such prospects, it is difficult to say, especially as the
gures above given do not, in the opinion of persons com-
petent to judge, at all represent the maximum probable re-
"lPts ; but taking them as the basis for calculation, and
nsidering the continued demand there must be for mes-
ages consequent upon the ever-increasing business be-
tween the Continent of Europe, England, and America, and
bearing in mind that this cable will complete the line of
telegraph between San Francisco and India, it is not impro-
bablet that, by the time that telegraph communication be-
tween England and America is an accomplished fact, these
Shares may be worth £2O, or £l5 premium per Share.
. from the phalanx of talent existing in the scientific
fad-
visers of the Atlantic Telegraph Company, and from the
act that the laying of the cable has been entrusted exclu-
sively to the eminent Contracting Company who have had
o charge of the manufacture of it, and whose staff of Engi-
neers and Electricians have successfully laid most of the
existing cables, whether laid in deep or shallow seas, it
1:43' well be believed that every precaution has been taken
insure the successful laying of this cable : this achieved,
every
only bar to the Shares attaining the high value which
one acquainted with the undertaking places them at
removed ; this risk, however, may easily be assessed
Vien it is mentioned that leading insurance companies and
ofr's have underwritten policies embracing every risk
the:(Ying, insulation, &c., at 25 guineas per cent., showing
iF confidence in the result anticipated.
inally, the Directors of the several Companies interested
thein
da enterprise fully anticipate being able to report each
JO' during the laying the favourable progress all believe
and of the success of an undertaking which all look
Pra as a national work.
will be seen from the proposed allotment of the Shares
thatt
the distribution of them is intended to be made upon
wide a basis as possible, so as to give the whole of the
arlicants the assurance of receiving au allotment and of
Permitted to join an unexampled commercially pro-
fitablep as well as politically important undertaking.
of trekectuses and Forms of Application can be obtained
Credit Fonder and Mobilier of England Limited)
Alfred Lowe Esq., Secretary) at their Offices, li and 18,
E.C. London • of the'lmperial Mercantile Credit
Association (Limited) eVir. C. Winterbottom, Esq., Seere-
'47)7 " their 9fficeo, 27, Laabascl-§treet ; Aliso 91 the At-