The Sun.
London, England, 1847-05-13 00:00:00

MANAGING DIRECTOIIII.

John 'ond, Esq., M.D., M.R.C.S. L and E., George-st., Portman-sq.
Edward Smith. Esq., R.N., John-street, Adeiphi.
Gerrard Barry, Esq., M.D., M Ckariest-st.. St. James's-sq.
Jo hua Stepford, Esq., East India Chambers, City.
Ckarles Blunt, Esq., Montagu-pla,e, i.assell-square.
William Henry Mayne, Esq., M.D., M.R.C.S.L., Howland-street,
Fitzroy-square.
Ellis Price Sutton, Esq., Great Ormond-street.
(With power to add to their number.)
lIANKEES. .

London Joint-Stock Bank, Pri-n-c.c9-;t7e.et, Bank : Commercial Bank,

Lothbury.
SicarrAlY—Joshua Stopford.
ASSISTANT-SECRETARY—Richard St. George Graham.
21, East India Chambers, Leadenhall-street.
PROSPECTUS.

When we look to the vast population, and consider the eminence,

. .
the trade, the enterprise, the great manufacturing and commercial
interests of this metropolis, it becomes a matter of no little surprise
that the most active means have not, long since, been taken to ob-
tain a better supply of water, and to get rid of the mud-and-water
monopoly which has so grievously existed for many years past.
The subject is one upon which so much has been said, and such
universal complaints made, that it is altogether unnecessary to
dilate upon the crying evil, or to offer a single remark beyond that
which is rendered so self-evident to every disinterested and dispas-
sionate mind.

Of the eight companies supplying London with water, the New
River Is the most extensive. It was constructed by Sir Hugh
Middleton, at an expense of about 150,0001. When, in 1834, the
public were much excited in consequence of the bad water supplied,
a Parliamentary inquiry on the subject took place, and C,ounnie-
sioners were appointed. From the evidence then given it apeared
that the capital invested by the New River Compauy was 1,116,964/.
by the other Companies 2,127,5951., making a total of 3,224,3591:
Although the New River Company paid an enormous bonus (300 per
cent. on the paid-up capital) yearly to the shareholders, tkere was
a balance of 157,2061. 10s. Cal. remaining, which is more than the ori-
ginal cast of construction. The average number of houses supplied
in 1834, according to the minutes of evidence, was 196,492, at the
annual value of 276,2001„ about 11. 10s. yearly per house. Pure
water can be supplied for one-third that susn, and leave a profit, to
the capitalist who invests In this speculation, more enormous than
that of the New River Company.
Hence the opportunity has presented itself for the formation of a
Company for the supply of pure water at an inconsiderable outlay,
and upon those sure and unerring principles of Artesian Springs
which have been so generally adopted on the Continent—uafdling
and succes,fully established to the satisfaction of the most sceptical
With reference to supplying London with pure spring water, let It
be understood, that the surface of chalk on which London is built re-
ceives and retains rain on an average of twenty-one inches per an-
num. This chalk-bed or basin has an extent of 12,000 sq •are miles.
Each square mile contains, allowing one-third for evaporation, no less
than 3,208,228 hogsheads of water per annum, or on a hundred square
miles, one-twelfth of the surface, 320,822,800 hogsheads. The supply
of water last year by the different companies was 314,553,012 hogs-
heads. Thus the London bed is capable of supplying mere than
twelve times the quantity needed, sufficient for all the towns in Great
Britain and Ireland.
So certain and conclusive have been the experiments tried, that
the most successful result has attended every instauce in procuring
water upon the principle stated.
Tke metal pipes, as now used by the London Water Companies
will net be adopted by the United Kingdom Artesian Water Com-
pany. Glass, and some such tubes as cannot be corroded, will only
be in use. The recent repeal of the duty on glass and porcelain
make such pipes cheaper than metal.
Shareholders shall be protected from all responsibility beyond the
actual amount of shares taken.
All applications for Shares must be addressed to the Secretary of
the United Kingdom Artesian Water Company, at Otis Office, East
India Chambers, Leadenhall-street, City, London.
FORM OF APPLICATION FOR SHARES.
Sir,—l hereby request you to allot me Shares of 101.
each in the United Kingdom Artesian Water Company ; and I gua-
rantee to pay, when called on, a deposit of 7s. 6d. per Share for such
Shares, or any lesser number that you may allot to ma,
and to sign the doed of partnership when necessary.
Name.. • • ........ ..... • • • • • •
Residence ••• • •• • • ••••• • • • • • • •
Names of two Refereences,

NATIONAL LOAN FUND LIFE ASSUR-
ANCE SOCIETY,
2i, COENHILL. LONDON,
Capital £500,000.
Empowered by Act of Parliament.
This mutilation embraces important and substantial advantages
with respect to Life Assurances and Deferred Annuities. The assured
has, on all occasions, the power to borrow, without expense or for-
feiture of the Policy, two-thirds of the premiums paid (see Table);
also the option of selecting benefits, and the coaverSion of his in-
terests to meet other conveniences or necessity.
Assurances for terms of years are granted at theelowest possible
rates.

DIVISION OF PROFITS.
The remarkable success and increasing prosperity of the Society
has enabled the Directors, at the last annual levestigation, to declare
a fourth bonus, varying from 35 to 85 per ce t. en the premiums paid
eack Policy effected en the Profit scale.