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Share capital 25,000,000 f. (£1,000,000).
Divided into 50.000 shares of 500 f. (I;20) each.
Deposit on application £1 per share, and £1 on allotment.
The Italian Government guarantees a minimum interest
of six per cent, on the capital, and also a sinking fund to
provide for its redemption,
DIRECTORS IN ITALY.
The Marquis de Cavour, 11Ie
ties. mber of the Chamber of Depu-
The Count Oldofretli, Senator (formerly Governor of
13
, 0101:ma).
Farina, Regent of the Bank of Milan.
D 0 Vincenzi (formerly Minister of Public Works at
Naples).
I.
De Fernex, Banker, Turin
Laurent, Banker, Parma.
DII'.IRECTORS / ENGLAND.
G. G. Macpherson, Esq. Cleairman of the Agra and United Service Bank,
Lestock R. Reid, Eerie, Director of the Oriental Bank Cor-
poration.
James Dickson, :Esq. (Lennox, Nephew, and Co.), 16, Old
B road -street ,
Lieut.-Colorral W. Campbell Onslow, Director of the
Madras Ire.gation and Canal Company.
Wy.itvr Cargill, Esq., Director of tho Eastern Bengal
Railway Company.
C. G. Mansel, Esq., Director of the Agra aild Ueited Ser •
vice Dank.
P. D. Bedew, Esq., Deputy-Chain:um: of the Peninsular
andJ
Oriental Steam Navigation Cr n p
keurtees, Esq., Chalcott Ilouse.piliengi-eatilon:, Surrey.
P. Brown Wesihead, Esq , IYr
the London and North-West'. Deputy-Chairman of
BANKERS IN, LoNpoN—lv.,essrreir7:: Railway Company.
35, Nicoaaiastv.lianastee.rton, Peters, and
Co.,
BANKERS IN ITALY—Uessrs Charles De Fernex and Co.,
SOLICITOns Turin
RoxEits—Messrs,
—Ale8"8. Turin,
and Son, 38, Cannon-street.
7-'oster and Bra ithweite, 68, Old
Broad-street.
JOINT ENGINEERS.
Monsr, Chas. Noe, Turin.
TJ. Abernethy, Es, M.I.C.E. London.
e1111x)ra-rY Offices, 16, Gresham-house, Old Broad-street.
SECRETARY, pro tenz.—Leicester'Bayly, Esq.
pe°l3Jj:flCTS OF THE COMPANY.--The object of this
ZuraPruey is to carry into effect the valuable and highly re-
tanVlttlezative concession which has been granted by the Ita-
:_Goverrunent for the construction of Irrigation Works
Aortherv. Italy.
great has been the reputation and success of works of
;;ffigatio'a in Italy, that they have been regarded as models
Gescleritifie construction by the engineers appointed by the
einrenreent of India to devise and execuee the extensive
V4Fis for the irrigation of that country,
From the earliest ages the artifiout, irrigation of land in.
warm climates has furnished one of the sate and profit-
4p_ble investments of capital. In India the application of this
thetem has yielded a revenue of from 30 to 100 per cent, on
iR cost of construction.; in the royal domains of,Aranjuez,
e-epain, it has increased the produce of the soil ten-fold;
arlcl it has given to the plains of Lombardy theirproverbial
Lenown. far exhaustless fertility. p
The district assigned to the operations of this Company
somerehends of the richest portions of the famous
Paip_, extending from the foot of the Alps to the frontiers of
4.,.tubardy, and
•Lue Comp justly celebrated as the garden of Europe.
any will inunediately proceed to construct the
wiGreat Irrigation Canal of Northern Italy, in conformity
ttolai_ettihie designs of the celebrated engineer Chevalier Nod,
oys the highest reputation in Europe for hydraulic
beenbe araroved of by Mr. Abernethy and accepted by the
atalfe:n Government.
yep,
31e.in Canal, 52 miles long, 80 feet wide, and 20 feet
la"`"cP/ will commence at Chiavasso, ten miles north of Turin,
ss through the rich districts of the Vercella.is and the
I,°/ncline, and terminate at the river Ticino, near Novara.
'yin derive an inexhaustible eupply of water from the
her Po, which has been call, the Nile of Italy, on ac-
favet of the rich alluvial ro'atter brought down by its cur •
It will irrigate more than 300,000 acres, and it is esti-
ted that the rental ot the proprietors will thereby be in-
In by £Be 00`d ,;Jer annum.
04111 order to obCaiu the great advantage of uniting under
ee!raanagerac%nt all the irrigation works of the district, an
the has been concluded with the Government for
cession• ot the existing canals of the Dora Baltea and
Sesia, ',which will thus become tributary to the Grand
kallal of the Po. The payment for these canals will be
e at deferred dates, and the amount is included in the
-egcareteed capital.
1114,1:JARANTEES OF THE ITALIAN GOVERN-
qf _ZIT.—The Government guarantees a minimum interest
ipe sin
laretlper cent, per annum on the entire capital to be ex-
ed in the purchase or construction of the canals, the
e-,e'lazinary expenses, and the management and mainte-
i"4ce of the works of the Company, thus making its shares
Isgs.afc and advantageous investment, independently of the
%o Profits which may be anticipated from such important
tfThe Italian Government also guarantees the repayment
ejtie
capital through the operation of a sinking fund. The
Wit of the shares will take place annually by lot,
12n this great advantage to the shareholders, that, after
,'7l?ig received back their capital in full, they will remain
tartreepators in all profits exceeding
6 per cent. during the
term of the concession.
Of Ahe
Prot .p isional concession was signed by the Ministers
and Commerce, and of Finance, on the 15th
Ultimo, and the Government has engaged to procure for this
Compway all the necessary powers which require the con-
sent of the Legislature.
E72CPENDITURE.—The cost of the works will be de-
errP.yed by the share capital of the Company, and by bonds
issued under the authority of the Government, with interest
gnaranteed. Every bond ',vial be stamped by the Govern-
eekent, and the interest of 6 per cent, will be paid at the
National Treasury.
ttklProvisional corttracts have been made with the sanction
approbation of the Italian Government for the execu-
ofl of all the, works by experienced contractors, who are
Pared to r.leposit ample caution money for the fulfilment
,sheir en.gagements.
t.,,,e'ROFITS.—The directors desire to avoid holding out
ti7gerated estimates of the large profits to be derived from
Of G irrlgatiOn works, in addition to the guaranteed interest
Per cent. ; but the official returns in their possession,
ca have been prepared with the mostscrupulous aocu-
rev, and which may ho RPM at the offices of the Company,
-eetity them in anticipating profits fully equal to those
L'uleh have been Obtained under the most favourable cir-
'etialstances in Italy and other countries. In making these
4enlations, there can be no better guide than. what has
tepen place
state ur own Eastern Empire, as exhibited in the
",10Wing ment
atiMNA CANALS NORTII-WESTERN PROVINCES.—
I,7'krnment return.s ;how that the value of the crops saved
ctie year by the water supplied by these canals, whose
eettlegth is 445 miles, was £1,462,800. In 1853 the Court
-Directors sanctioned an expenditure of £15,276 on the
144 tern •litunna Canal, which in one year yielded a clear
trlit to the government of £9,759, besides enormously in-
baskig the value of the crops, and thus benefitting the
V:vators to a far larger amount.
h NORTH-WESTERN PROVINCES.—In these provinces
eXpenditure of £557,000 was found sufficient to construct
expenditure irrigating 1,300,000 acres, and thus obtain aproduce
no annual value of £2,500,000, supporting a population
"' GOO,OOO souls.
I,,`` GREAT GANGES CANAL, NORTH-WESTERN PRO-
er2ES.--Colonel Baird Smith, the director of this canal,
b-j 7 in course of construction estimates that it will be come-
'efted for £2,000,000, and that it will raise the annual value
V•le crops it will irrigate to £7,000,000, and the gain
"e•' Cultivators will exceed £3,000,000 per annum."
~,t street from Report by Lieut.-Colonel C. B. Young,at
..,4ciating chief engineer, Lower Provinces of Bengal, d eet
lth Mav 18'8
•--
tb Whatever the results of different calculations may be,
;etc can be no question, I believe, that canals as irrigation
',1:11118 are remunerative in India whether the profits be 50
kier cent. and upwards, as Col. Cotton rates them, or, acc?r-
eug to the more moderate estimates of Lieut.-Colonel Baird
nt11:!!th, about 24 per cent., or, according to the experience
tlthe canals in the North-West Provinces, 12 to 16 per
t;,..'1../ it is equally the result in all cases ; I believe that
147 repa.y richly to both Government and to the people the
,„1:1,0Y expended on them."
to The 6 per cent. interest on the shares allotted in England,
I:gather with all dividends out of profits, will be paid half-
11y, at 25 francs exchange, by the Company's bankers in
radon,
eThe works which the Company has undertaken have
urgently demanded by the whole population. The
7, uertakiil z is received with the greatest favour in Italy ;
",000 shares are reserved for that country, leaving 30,000
°l' allotment in England.
AodolicationsDirectors in t
athe ann
theexed form mayces, be made to the
n Company's offi or to the
elrkern of the Company in London.
r,om copy of the concession may be seen at the offices of the
s..pa.ey,
London, April 4, 1862.

rORII Or APPLICATION FOR SHARES.
To the London Directors of the Italian Irrigation Canal
Company.
Gentlemen,—Having paid to your bankers the sum of
, I hereby request that you will allot me
13hares of £9O each in the Italian Irrigation Canal Company,
4734 1 hereby agree to accept the said shares, or any smaller
lßomber that may be allotted to me, upon the terms of the
itatutes to be approved by the Italian Government, and to
the further deposit of £1 per share upon the shares
414pipototiont.
to me at such time and in such manner as you may

I am, Gentlemen,
Name in full
Address in full
Date

CULVERWELL'S LAST NEW WORK,
ounsxLvEs.
oir`4llBSA?.cervrmoautsorx Debility,
al=t stricture,Palpitation, ,c
llzemorrhoids,

MARRIAGE :
Its Expectances and Disappointments.
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Is., by post Is. la. ; of Mann, 29, Conihill ; or Author,
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Consultations daily from 12 a.m. till 9 p.m.

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