The Sun.
London, England, 1865-12-12 00:00:00

DIRECTORS.

The Right Honoural;leVEl3oUVEßlE, M.P., 44,
Wilton-crescent, Chairman.
. John Balfour, Esq. (of Balbirnie). 46, Belgrave-square.
John Entwistle, Esq., 6, Great Winchester-street, City.
Robert Gillespie, Esq., 6, Lime-street, City. .
Samuel Gurney, Esq., M.P., Prince's-gate.
Thomas Porter, Esq. (late of Demerara), White Knights,
Reading.
William Rennie, Esq.,
1. Messrs. Cavan, Lubbock, & Co.
Nevile Lubbock, Esq.,
Wm. Burnley Hume, Esq., 1 Messrs. Wm. Burnley Hume
Philip Noel Bernard, Esq.,} and Co.

BANKERS.
Messrs. Robarts, Lubbock, and Co., 15, Lombard-street,
London.
Messrs. Glyn, Mills, and Co., 67, Lombard-street, London.

SOLICITORS.

Messrs. Cotterill and Sons, 32, Throgmorton-street, B.C.

AUDITORS.
Messrs. Chadwick, Adamson, M'Kenna, and Co., 27,
Great George-street, Westminster.

BROKERS.
Messrs. J. Hutchinson and Sons, 15, Angel-court, Throg-
morton-stroet.
Messrs. J. and A. Scrimgeour, 18, Old Broad-street.

TEMPORARY OFFICES.
40, Old Broad-street, 8.0.

ABRIDGED PROSPECTUS.

The object of this Company is the purchase and exten-
sion of the sugar plantations and the business of the well-
known firms of Messrs. Cavan, Lubbock, and Co., and
Messrs. William Burnley Hume and Co.
The estates and real securities to be transferred to the
Company by the Vendors are in Demerara, Berbice, Trini-
dad, and Barbadoes. The estates aro fertile, well situate,
and in a high state of cultivation. They are provided
with an ample supply of Coolie, Chinese, POrtuguese, and
Creole labour.

The imports of the two firms in sugar alone have for
the last three years averaged over 46,000 hogsheads per
annum.

The Vendors will transfer to the Company, free of any
claim for goodwill, their large and profitable Commission
and Agency Business, which has yielded in net commis-
sions, on the average of the past three years, an amount
exceeding £BO,OOO per annum, and is capable of being
greatly extended.
The terms of the purchase have been discussed and
settled with the Vendors, after very careful examination
into the returns and profits of each firm, and after obtain-
ing independent valuations and reports on the several pro-
perties. Those inquiries were instituted and conducted by
Messrs. Chadwick, Adamson, lliienna, and Co, and by
Directors entirely. unconnected with the two firms, before
they agreed to join the proposed Company.
The Vendors are only to be paid the mere value; thus
ascertained, of the Estates, Plant, Machinery, Stores, Stock,
and Advances, which will amount to about £675,000; and
by instalments, as follows :
£225,000, or one-third, in 10,000 Shares of the Com-
pany, to be credited as paid-up to the ex-
tent of £22 10s. per Share.
£225,000, or one-third, in Debentures, bearing interest
at 5 per cent.
£225,000, or the balance, in cash by instalments in two
years.
To meet the above payments and provide the requisite
working capital it is estimated that the calls will be ro-
quired to be made as follows :
December, 1865, £5 per share (being the amount of
payment on deposit and allotment).
April, 1866, £2 10s. per share.
July, 1866, £2 10s. per share.
January, 1867, £5 per share.
January, 1868, £5 per share.
The Directors confidently estimate that the net profits of
the business of the Company, taking into consideration the
revenue from the real estate, for the ensuing five years,
will be equivalent to from fifteen to twenty per cent. por
annum on the paid-up capital of the Company.
Applications for Shares may be made in the form an-
nexed, and must be accompanied by the payment of £1 per
Share to the Bankers of the Company.
. -

Prospectuses and Forms of Apphcations for Shares may
be had on application to the Bankers, Solicitors, Auditors,
or Stockbrokers, or at the Temporary Offices of the Com-
pany.
Payments of deposit may be made to the,Bankers of the
Company, or at the Branches of the National Provincial
Bank of England ; and the Branches of the Royal Bank of
Scotland.

T
HE ANGLO -ROMANO WATER
COMPANY, Limited (The AQUA MARCIA).
Capital, £200,000, in 10,000 shares of £2O each, with power
to increase. First issue, 7,500 shares. £2 to be paid on
application, and £3 on allotment. Interest at 5 per cent.
per annum upon the amount paid up during construction.
DIRECTORS.

Richard J. 11. Douglas, Esq., Lewisham, Director of the
West London Railway.
Signor Moraldi, Palazzo Brasclii, Rome.
.James Shepherd, Esq., Director -Grant of the Anglo--
Romano Gas Company, Rome.
Richard Ward, Esq., Anglo-Romano Gas Company, 1, New
Broad-street, E.C.
William Wright, Esq., 66, Prince's-square, Bayswater.
(With power to add to their number.)
The Directors have subscribed in cash not only for the
amount of their respective qualifications, but also collec-
tively for £7,600 capital stock, in excess of the same, and
no Director has received, or will directly or indirectly ro-
ceive, any payment whatever for his qualification.

BANKER.
The National Bank, Old Broad-stroet, and its branches.

SOLICITORS.
Messrs. Mercer and Mercer, 9, Mincing-lane, E.C.
BROKER.
Sir Charles Decimus Crosley, Sun-court, Cornhill.
ENGINEER.
B. Piercy, Esq., C.E., 23, Great George-street, Westminster.
SECRETARY (PRO TEM).
C. Nicholson.
OFFICES.

London, 1, New Broad-streeirnOme, 17, Piazzo Aramli.

PROSPECTUS.

The present project is to conduct to Rome the water
from tho famous never-failing springs at Arsoli, known as
the Aqua Marcia and Regina Aquarum of the ancient
Romans. This water has been proved by incontestible
analysis to be free from all impurities ; it possesses more-
over the further immense advantage of reaching to the top
floors of the highest houses in Rome—a level unattainable
by the existing imperfect supply.
Rome, though ornamented with numerous fountains, is,
perhaps, worse off for pure drinkable water than any other
city of its size in Europe. One-half of the houses are en-
tirely without water; and, in addition to this, the present
siipply from this and from the Felice and from the Paolo
is unfit for drinking purposes, so that the Aqua Marcia
cannot fail to command an immediate sale.

Water, in Rome, is treated as a property, and dealt with
in the same way as land or houses. The demand for it is
extraordinary. The present selling price of the freehold
in an ounce* (the Roman standard for measurement) is
upwards of £2OO. The rent for the same averages £2O to
£25 per annum.
The climate of Rome being for several months in the
year almost tropical, water is there an article of luxury as
well as of necessity ; it is also of the greatest utility for
irrigation. These circumstances naturally combine to en-
hance the price.
An exclusive concession of the Aqua Marcia has been
obtained from the Pontifical Government, giving every
possible facility to the pres ent scheme, which is calculated
so materially to benefit the Eternal City. The concession
comprises the absOlute freehold in the waters, and a lease
for 99 years of the lands, aqueducts, and works.
The concessionaires, who have expended large sums of
money in plans and studies, have agreed to convey to this
company the concession, with all the property, rights, and
Privileges before-mentioned, for the sum of £30,000. They
also undertake to pay all preliminary expenses connected
with the introduction of this project, reserving for their
remuneration one-fourth of the surplus profits of the com-
pany, after the payment of 10 per cent. annual dividend to
the shareholders.

Plans, estimates, &c., have been prepared by the engi-
neer with the utmost care and accuracy; and the Directors
have received offers from responsible contractors to exe-
cute the work at the engineer's valuation.
The springs at Arsoli yield a continual supply of up-
wards of 3,000 ounces of water. It is proposed at once to
construct works adequate for the conveyance of the whole
of this amount of water to Tivoli, whence upwards of
1,500 ounces in the first instance will be conveyed to Rome
by iron pipes; the other 1,500 ounces will be brought as
the:demand arises.

Careful investigations show that the actual present de.
mand far exceeds 1,500 ounces. It is proposed only to sell
one-half of this quantity, which at the lowest priee of an
ounce, viz, £2OO, would give a return of upwards of £150,000,
and the rental of the remaining 750 ounces would yield an
income of £150,000 per annum. It is calculated that the
profits from the sale of water will give a large bonus to the
shareholders ; While the income dewed from the rent of
water will give at the same time a continuing annual divi-
dend of upwards of 10 per cent.
In addition to this result it must be remembered that
1,500 ounces will remain to be conveyed from Tivoli to
Rome, the cost of which would be considerably within
the balance of the capital. Assuming that from the in-
creased supply 'there would be a depreciation in price of
even 50 per cent., so that the price of an ounce of water
fell from £2OO to £lOO, and the rent for the same from £2O
to £lO, the result of the second operation would be most
highly profitable. •
Notwithstanding the absolute sale of the water, the
Company are empowered by the terms of the concession to
levy, for maintenance of the works, a tax of £1 ss. per
annum on every ounce of water disposed of.
A large proportion of the first issue of shares has been
applied for in Rome, principally by shareholders in Use
Ang,lo-Romano Gas Company. This latter Company has
been in operation 12 years with most successful results, it
has paid large dividends, and its shares now stand at a high
premium.

In all cases where no allotment is made, the deposit will
be returned in full.

The operations of the Company will comprise the objects
mentioned in the Memorandum and Articles of Association,
which, together with an authenticated copy of the con-,
cession, may be inspected at the offices of the Solicitors to
the Company.
Prospectuses and forms of application for shares may be
obtained from Sir Charles D. Orosley, broker to the Com-
pany, and at the offices, 1, New Broad-street.
* An ounce of water is the amount which will flow dur-
ing 24 hours through a tube of the diameter of 17-32 of an
inch with a regulated pressure.

TORN GOSNELL and CO.'S CHERRY
ey TOO nil PASTE is greatly superior to any tooth
powder; gives the teeth a pearl whiteness, .protects the
enamel from decay, and imparts a pleasant fragrance to
the breath. Price is. 6d.—Bull Wharf, Rotherhithe, Lon.
don.

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Now ready, in 2 vols., with Illustrations, 215.,
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THE ENGLISH GOVERNESS IN -EGYPT;
Or, Harem Life in the East.

By EMMELINE LOTT,
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