The Sun.
London, England, 1865-05-25 00:00:00

THE NORTHERN ASSAM TEA COMPANY'
(Limited).
Registered under the Companies' Act, 1862, on 22d
October, 1864.
Increase of Capital to £400,000, by the Issue of 25,000
(B) Shares of £lO each.
£2 Payable on application, and £1 on the 10th July next.
Where no allotment is made the deposit will be returned
in full.
Until the Ist July, 1868, the B Shares will be entitled to a
Preferential Dividend (so far as the profits from the
Estates purchased from the Assam Company will admit)
of 10 per cent. per annum. Any excess of profits over
10 per cent. being divisible rateably between the A and
B Shares respectively.
DIRECTORS.
E. W. WINGROVE, Esq.; Chairman (late Mackenzie,
Lyall, and Co., Calcutta), Director of the National Bank of
India.
Percival Battiscombe, Esq., Sevenoaks, Kent.
E. H. Higgs, Esq., Instow, North Devon, late of
Dibrooghur, Assam.
H. Stavely King, Esq., 89, Brook-street, Grosvenor-
square.
J. W. Mitchell, Esq. (Messrs. Mitchell and Aspinall), 8,
Great Tower-street, E.C.
Colonel T. H. Sissmore, Bengal Artillery, Haughton
Lodge, Stockbridge.
J. H. Young, Esq., 8.C.5., late Commissioner Burdwan
Division, Bengal.
CALCUTTA AGENTS.
Messrs. Thomson, Shaw, and Co.
BANKERS.
The London and County Bank, Lombard-street.
Tho Chartered Mercantile Bank of India, London, and
China, Calcutta.
SOLICITORS.
Messrs. Hamber and Harrison, 20, King's Arms-yard, Moor-
. gate-street, E.C.
BROKERS.
Messrs. Lowndes, Snrgey, and Woolley, 7, Finch-lane, E.C.
SECRETARY.
Mr. C. H. Fielder.
OFFICES.
85, Bucklersbury, London, E.O.

The Assam Company, the first established for the culti-
vation of tea in India, being desirous of concentrating and
confining their operations to the Southern Division of
Upper Assam, and thus centralising the management of
their extensive properties, have determined on selling it to
the -Northern Assam Tea Company (Limited), whose
estates are contiguous, the whole of the northern and eas-
tern division of their property, in Assam, instead of adopt-
ing the alternative of promoting a new company to carry
them on, or placing them under separate management.
The present extension of capital, therefore, is for the
purpose of purchasing direct from the Assam Company the
whole of their outlying estates in the neighbourhood of
the Tingrie and Deehing rivers in Upper Assam, forming
their northern and eastern division, and consisting of the
following gardens :
The Tingrie Mookh, Hoogrie Jaun, Kehung, Naholia,
Cato, Tippum, Hookan Joorie, Towrock.
These comprise some of the fine old indigenous gardens,
respecting which so much has been .written, and which
only require opening out to insure their profitable exten-
sion. They are at present producing the finest tea and tea
seed in Assam—the latter in sufficient quantity to enable
the purchasers to plant out any extent of new land with-
out further cost on this head.

The area at present under cultivation is about 1,000
acre, of which over 500 are in full bearing. The Gardens
are surrounded by lands for which grants have been ob-
tained to the extent of 10,000 acres, all of which is very
superior and suitable for the growth of tea.
The Assani Company's right to the whole of this pro-
perty, together with all buildings, plant, implements, tools,
boats, and live stock, will bo handed over to the Northern
Assam Tea Company for the sum of £lOO,OOO, to be paid
as follows :-
Bth June, 1865
15th July,
15th August, „
15th November, „

£lOO,OOO
The crop of tea of this season, and any further grants of
land that the superintendent or agents of the Assam Com-
pany may have acquired up to the date of completion of
this sale, together with all cultivation commenced during
the current season, commencing Ist November, 1064, has
also been contracted to be transferred to this Company,
on payment of the sums actually disbursed since that
date.
No commissions or promotion money have been paid or
allowed.
In the allotment of shares a preference will be given to
shareholders in the Northern Assam Tea Company and the
Assam Company.
The Assam Company in 1863 disposed of their outlying
estates in the district of Cachar, fer the purchase of which
a company was formed in Calcutta, called " The Central
Cachar Company," the shares of which company are readily
saleable at 25 per cent. premium. Those of the Assam
Company are at above 150 per cent. premium.
The success of tea-growing in Assam is now thoroughly
established. Indian teas are rapidly increasing in favour
and value, owing to their great strength and pungency.
Further, it may be stated, that the recent reduction of the
duty has already caused a considerable advance in prices
here, and the supply is still inadequate to the demand.
In reference to the quality and capabilities of the lands
proposed to be purchased, the following extracts are taken
from the last reports :
The Resident Secretary in India of the Assam Company,
in his report on the property contracted for, says :
" The lands in this part of the province are the finest for
tea cultivation in Assam. The soil is not only the very
best, but the forests contain the most splendid timber, inex-
haustible in extent, which is not the case in the Southern
Division. It needs no foresight to predict -that the pro-
perty the Company holds in this part of the country may
be made within the next ten years equal, if not superior, to
that which they will be in possession of at that time in the
Southern Division."

The following are also extracts from a report made to the
Directors of the Assam Company by their Chief Superin-
tendent in January last, when he visited the property :
" That the land is first-rate there is no question or doubt,
but to effect such an object (that is, work it to full advan-
tage) it must be divided into a distinct field, and the
management given to the person residing on the spot.
" I have now got the Deputy Commissioner to accept
three applications near Tingrie, for probably an area of
about 7,000 acres, including the land between Tingrie,
Hoogrie Jaun, and Kehung, along the banks of the Tingrie
river ; and this, with what we have already secured in
other quarters between the Deehing and the Tingrie, will
bring the Company's holding up to at least 10,000 or 12,000
acres ; and I would recommend the extending in this quar-
ter for the reason, that the land is very superior, and the
position likely to be much more healthy
.than any other
portion The prey
Northern and Eastern Division.
" The. present gardens, if worked up to their capabilities,
would yield 2,000 maunds of tea.
,4 The plants in the nurseries, which were put down last
year for the purpose of planting out, have come up very
well, some of them 18 inches and others 2 feet high."
The estates have been frequently visited by the Manag-
ing directors of the Northern Assam Tea Company during
the last 13 years, and as lately as March last. He fully
confirms the favourable views above expressed, and is of
opinion that with comparatively small outlay the indi-
genous plants alone can be worked up to an annual yield
of 4,000 to 5,000 chests of tea.
Since the contract for the purchase has been concluded,
the Assam Company have received from their Managing
Director in India., and from a large Shareholder in both
Companies now visiting Assam, valuations of the property
greatly m excess of the price agreed to be paid.
On the above grounds, therefore, the acquisition of these
estates will render the Northern Assam Tea Company one
of the most influential and profitable in India.
Application for shares to be made on the annexed Form
on or before Wednesday, the 31st May, on which date the
list will be closed.
London, 23d May, 1865.

No. APPLICATION FOR B SHARES.
To tho Directors of tho Northern Assam Tea Company
(Limited).
Gentlemen,—Having paid to your bankers the sum of
£ , being the deposit of £2 per share, I request you
to allot to me B Shares of £lO each in tho
above Company, and I hereby agree to accept such Shares,
or any less number that may be allotted to me, to pay the
further sum of £1 per Share on 10th July next, and the
Calls as made, and to sign the Articles of Association of
the Company when required. And I request you to enter
my name on the Register of the Company for the number
allotted.

Name in full
Profession or Description
Residence in full
Date
N.B. This portion to be retained by Bankers.