The Sun.
London, England, 1865-06-22 00:00:00

REMEMBER, YOU WILL SEE YOUR
MENDS at " EVANS'. " After the Opera we
",kII Sup there!

LLBRAWNDMYSKY v. COGNAC
ate
'4NNCII Bm ode at
RANDYed Old IRISH WHISKY rivals the finest
,
It la Pare, Mild, Mellow, Delicious, and very Wholesome.
Rtein Bottles, 3s. Bd., at the Retail Houses in London; by
R" Agents in the principal towns in England; or wholesale

8, GREAT WINDMILL-STREET, LONDON, W.
‘;Obserre the Red Seal, Pink Label, and Cork branded
ltizahan's LL Whisk '

SA VE YOUR POOR TEETH, and Econosii•se
(a, Your Cigara.—BUTCHER'S PATENT EY-RING
'AR NIPPERS are sold everywhere. Price id.

4UTUAL LOAN FUND ASSOCIATION
(Incorporated by Act of Parliament, 1850).
14, RUSSELL-STREET, COVENT-GARDEN,
LEN DS MONEY on Personal and other Security, in sums
°I £2O to £5OO, to be repaid by instalments extending over
one two or three years. The large Capital of this Associa-
von enables it to complete its transactions without delay.
.;;° inquiry or office fees, and strict secrecy observed. Bills
,tecounted at short notice. Form sent free on receipt of a
directed stamped envelop,.
ihe Association also lends Money for the purchase of a
house by a tenant, or for the liquidation of mortgages, on
ten ni; most advantageous to the borrower.
EDWARD HARPER, Secretary.

The CREDIT FONCIER and MOBILIER of ENGLAND (Limited)
in conjunction with the IMPERIAL MERCANTILE CREDIT
ASSOCIATION (Limited), are prepared to RECEIVE SUB-
SCRIPTIONS for £50,000 PREFERENCE SEARvs, being the
BALANCE of the CAPITAL of
THE ATLANTIC TELEGRAPH COMPANY
Not yet issued to the general Public, viz.:
6°,000 Preference Shares of £5 each, bearing 8 per Cent.
per Annum.
preference Interest authorised by Special Act of Parliament.
Deposit £1 per Share on Application, and £4 on Allotment.
No further Liability of any kind.
Each Subscriber's Liability being specially limited by Act
of Parliament to the Amount of his Subscription.
THE 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
n (Limited), Chairman.
'artis M. Lampson, Esq. (Messrs. C. M. Lampson and Co.)
London, Vice-Chairman.
Francis
Peabody, 22, Old Broad-street, London.
Le Breton, Esq., 21, Sussex.lotce, Regent's-park.
:Wm Pender, Esq., M.P., Manchester (Director of the Bri-
tisht, and Irish Magnetic Telegraph
Edward ort, Esq., Liverpool
Samuel Gurney, Esq., ••I M P 65, Lombard-street, London
bu.,(Alessrs. Overend, Gurney, and Co.).
Edward Cropper, Esq., Swaylands,nearPenshurst (Director
of the British and Irish Magnetic Telegraph Co.)
nealptain A. T. Hamilton, 12, Bolton-row, Piccadilly.
• P. Bidder, Esq., 24, Great George-street, Westminster
(Director of the Electric and International Telegraph
0., and late President of the Institution of Civil
.tngineers
„, ).
'3ir Edward Cunard, Bart., Old Broad-street, London.
HONORARY DIRECTOR.
W. H. Stephenson, Esq., late Official Director on this Board
On behalf of her Majesty's Government, and now Chair-
Man of the Board of Inland Revenue.
ELECTRICIAN.
Cromwell F. Varley, Esq.
CONSULTING COMMITTEE.
captain Douglas Galton, R.E., F.R.S.
William Fairbairn, Esq., F.R.S., late President of the
British Association.
',scseph Whitworth, Esq., F.R.S.
Professor
Wheatstone, F.R.S.
rrofessor W. Thomson, F.R.S., of Glasgow.
SECRETARY.
George Saward, Esq.
OFFICES-12, St. Helen's-place, E.O.

The distribution of 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

10 ft Mobilier of England (Limited).
,-00 Shares will be appropriated to applicants who are
Shareholders in the Imperial Mercantile
10 Credit Association (Limited).
-MO Shares will be appropriated to applicants who are
Shareholders m the Atlantic Telegraph
Company.
10,000 Shares will be appropriated to applicants who are
Shareholders in the Telegraph Construction
10 and Maintenance Company (Limited) ; and
-,vA 00 Shares will be appropriated amongst the general

public.
• The above numbers are so far approximative as to be sub-
3eet to reduction or increase according to the total number
applications made, it being the intention, however, that
each applicant shall receive an allotment.

BANKERS.
Messrs. Glyn, Mills, Currie, & Co., Lombard-street, London.
The Union Bank of London, Princes-street, E.C.
The Agra and Masterman's Bank (Limited), Nicholas-
lane, London.
Messrs. Smith, Payne, and Smiths, Lombard-street, London.
The National Bank, London, Dublin, and its Branches in
Ireland.
The National Bank of Scotland, Edinburgh, and its
4,l3ranches in Scotland.
Ole Consolidated Bank, London and Manchester.
Messrs. J. Barned and Co., Liverpool.
BROKERS.
Messrs. Laurence, Son, and Pearce, 9, Angel-court, E.C.,
Messrs,
Messrs.
Poster, Braithwaite, and Co.' 27, Austinfriars.
M'essrs. Taunton and Co., Liverpool.
essrs. Shore and Kirk, Manchester.
Messrs. M'Ewen and Auld, Glasgow.

Of all the enterprises of a commercial character none has
Yer
AtlanticTeleg excited so m
phuchCompany attention and interest as that of the
ra-
The reason of this is perfectly obvious ; the immense
Political importance of the Company, as well as the enor-
41°118 profit to be anticipated by its Shareholders, together
Ltt the scientific interest attached te it, combining to a
~bgree not found in any enterprise having commercial
eeflt for its legitimate end.
taliali enterprise so important, and now become so compa-
tively easy to accomplish, appeals not only to the great
e'exenercial interests of Europe and America, but to the
;,11rePathies of all classes in both countries ; its benefits to
tee and civilisation it is impossible to estimate.
6.1 he near approach of the period when the cable is to be
Who
is already the cause of much excitement amongst all
"'to are aware of the fact.
vA-r„hthe cable is e date for the Great Eastern steamship's departure
f tut actually fixed for the Bth July, about a
2111 light from the present date, and it is not too much to
07 that from the hour of her leaving the whole continent
Europe and America will be intent upon watching her
tee'gress. His Royal Highness the Prince of Wales has
tified his warm interest in the undertaking by personally
irliecting the cable en board the Great Eastein about
'r ee weeks ago.
oaf' he exceptional character of the undertaking is further
of °Wil by her Majesty's Government granting the services
141,13°0 of her Majesty's men-of-war steamers, the Terrible
Sphynx, to accompany the Great Eastern, and assist
l'ae operation of laying the cable.
la calculating the rate of profit of this undertaking, of
ellree everything depends upon the scale of charges adopted
for the transmission of messages; the first tariff agreed to
La her Majesty's Government was fixed at 2s. s
d. per
°r(l, subsequently increased to ss. per word, but as the
it`ge arrived when the cable would be ready for actual use,
Was seen that the mass of business this company would
et. Illediately find offered to it, would so far neutralise the bone-
ti" of it by completely choking the line, that a representa-
°4 to the Lords of the Treasury within the last few days
r, the subject, has led their lordships to consent to the
41",,1111,_ Pany, until Ist September next, experimentally
without restriction, such rates for messages
libithe Company may, on full consideration, thatttrre and proper ;" and it is fully expected by this
De.rallgement the net profits will reach one million sterling
The capital
he 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).
The
£600,000 Ordinary Shares.
amount required to pay 5 per cent.
Ti..laterest on £lOO,OOO Debentures is £5,000 per annum.
amount required to pay the Pre-
ference Dividend of 8 per cent. on
£600,000 (of which the present issue
T.:.,°rlnsthe balance) 48,000
amount required to pay4pey cent
ell £600,000 ordinary capital is

Le Making a total of £77,000 „
vin £923 000 per annu surplus income. Half the
'
of revenue above the said £7.7,000 is available for
ott 'Y bonus to the holders of the said 8 per cent. Prefer-
tre Shares. Therefore, on the above-mentioned calcula-
tlo-111 the 'total available dividend and bonus would amount
te,,,oove 76 per cent. per annum, in addition to the 8
.pe.r
4:„'„: preference as above, making an estimated total dril-
of after er cent. per annum on these Preference Shares,
t.3-7ing, deduction of 20 per cent. for the formation of
tit ellewal fund for laying down a new cable, 64 per cent.
deo -end, of which 8 per cent. would be preferential divi-
.vdmsceured by Act of Parliament.
\vitl',oat the price of these Shares will be a month hence,_
A 4 Buell prospects, it is difficult to say, especially as the
p,Zres above given do not, in the opinion of persons corn-
cei„,.t to judge, at all represent the maximum probable red-
coas; but taldng them as the basis for calculation, an
tees,
the continued demand there must be for mes-
tvrB, consequent upon the ever-increasing business be-
hbee4 the Continent of Europe, England, and America, andf
ttl-48.ag in mind that this cable will comple. te. the line o
table
h between San Francisco ands dia, it not.impro-
-11,4,- 'oat, by the time that telegrapcommunication be-
,il."`34 England and America is an accomplished fac these
p' es may be worth £2O, or £l5 premium per Share.
_-
\%erolt. the phalanx of talent existing in the scientific ad
fketr,s, of the Atlantic Telegraph Company, and from the
sivertat the laying of the cable has been entrusted exc.lu:
tlitrY to the eminent Contracting Company who have had
Ilee,ge of the manufacture of it, and whose staff of Engi-
exi;4B. and Electricians have successfully laid most of the
kat,-"irtg cables, whether laid in deep or shallow seas, it
to 'sell be believed that every precaution has been taken
the dire the successful laying of this cable : this achieved,
!IYei'3.nl3' bar to the Shares attaining the high value which
,°46 acquainted with the undertaking places them at
Nthe-loved ; this risk, however, may easily be assessed
1.40 o it is mentioned that leadinginsurance companies and
01 41:8 have underwritten policies embracing every risk
thei;ll'g, insulation, &c., at 25 guineas per cent., showing
picanfidence in the result anticipated.
in the Directors of the several Companies interested
day
(7 enterprise fully anticipate progressab to report each
aVi,ring the laying the favourable. all believe
bpo "' of the success of an undertaking which all look
aa
4, It ' national work.
'cat ":be seen from the proposed allotment of the Shares
wiclile e distribution of them is intended to be made upon
Pplie a basis as possible, so as to give the whole of the
"etop.ants the assurance of receiving an allotment and of
etaißeermitted to join an unexampled commercially pro-
" well as politically important undertaking.
of BPeetu the and Forms of Application can be obtained
Ulf Credit Foncier and Mobilier of England (Limited)
eo red.4o,
A rtihili Esq., Secretary), at their Offices, 17 and 18,
Londonthe Imperial Mercantile Credit
tar:), :ton .14iinited) (W. C. Winterbottom, Esq., Secre-
their Offlco, 27, Lombard-street; &leo of the At-