The Sun.
London, England, 1870-01-15 00:00:00

PROSPECTUS

This Company, constituted under Danish law, bas
been formed for carrying out a concession granted by the
Russian Government on the 11th (23d) October, 1869,
for connecting China and Japan with Europe through
Russia.

The peculiar and commanding advantage of this route
consists in its shortness. .any other route, as may be
seen from the map, must make a large detour, whilst the
route by Russia is direct from England to China, and at
the same time the land lines of this route have their main to-
uane6 guaranteed by a strong European Power, through
whcoe territory alone they have to pass. This route is
already recognised as the shortest means of telegraphic
communication with the northern ports of China, and as
many as 30 to 40 messages, of 20 words each, hav3 been
sent through it from China to England in one day.
The concession, for which there were several a; plicants,

was, after long investigation, granted by the Rus;ian Go-
% ernmeut to Danish parties connected with the Great
Northern Telegraph Company. By the terms of the con-
cession the Russian Government has granted tho Com-
pany, besides other special privileges, the exclusive right
for thirty years of emmecting China and Japan with
Europe through the Government wires on Russian terri-
tory. The concession provides for a renewal of these ex-
clusive privileges on preferential terms at the expiration
of the this ty years, and in any case secures to this Com-
pany the continuance of the right of transmission of their
messages throng hthe Russian land lines.
The caution money of S.R. 150,000 has, in accordance
with sec. 8 of the concession, been duly deposited with the
Russian Government by the Concessionaires, and reverts
to them. The consideration for the transfer of the con-
cesiion to this Company by the Concessionaires is fixed
and agreed at £25,000.
The Russian Government further undertakes to connect
their system of land lines with the landing points of the
Company's cables, and to increase their number of wires
as the requirements of the traffic may demand.
A working agreement between this Company and the
Great Northern Telegraph Company of Copenhagen, by
whose lines the traffic will be conducted from Russia to
England, has been concluded with a fair rebate on the
tariff of that Company.
The first cable will be laid from Posietta to Shanghai,
either direct, or, if deemed advisable, touching at Naga-
saki, or other convenient point in Japan. The next sec-
tion will extend from Shanghai to Hongkong. Ultimately
the other important ports in Japan and China will be in-
cluded in the system of the Company ; and to construct
these further lines the necessary extension of the Com-
pany's capital will be applied for under the regulations of
the statutes.
Preliminary contracts have been entered into with Mr.
William Hooper for the manufacture of the cables, the in-
sulation being " Hooper's India Rubber," similar to that
employed by the Great .Northern Telegraph Company in
their cables between England and Denmark, and Scotland
and Norway, say for 1,200 nautical miles from Poisetta
Bay to Shanghai, and for 1,100 nautical miles from Shang-
hai to Hongkong; and the cost of those two sections is
£396,000.
For the laying of the cables the Directors have, on due
consideration, made no contracts. The Danish •Govern-
ment will aid the expedition with a Steam Frigate, which
will take out a large portion of the cable, and assist in
completing the necessary soundings.
For the transport of the remainder of the cables, and
the laying of the same, the Directors will take measures
to ensure its being done at the lowest possible cost, where-
by a great saving on the ordinary cost of laying cables at
remote distances will be effected.

The Russian Government provides a war steamer to
accompany the expedition, to assist and convoy the ships
laying the cables.
The maximum tariff for messages, from any of the sta-
tions in China or Japan to the western frcntier of Russia,
has been fixed by the concession at 100 francs per single
message of 20 words (of which 60 francs accrue to this
Company, and 40 francs to the Russian Government), con
sequently the charge for messages between China and
Japan and England, including transit rates, can never ex-
ceed £4 Gs. per single message of 20 words.
The contracts with the manufacturer stipulate that the
cables shall be ready for shipment within three and six
months respectively. Whatever other Telegraph lines
may ultimately be established between; Europe and
China, there can be no doubt that this Company, with its
exclusive privileges from the Russian Government, will
be able to maintain its position and make a good profit on
the capital invested in the enterprise.
The shares of this Company will be issued to bearer and
pass by delivery, unless any Shareholder should especially
require to have his shares registered for transfer, which,
in such case, can be done both in London and Copenha-
gen. The liability is by the Danish law strictly limited
to the amount of the shares. _

—A
translation of the concession, and copie& of the pre-
liminary contracts for the manufacture of the cables, may
be seen at the office of the company.

Prospectuses, with printed ranslations of the Statutes,
and forms of application for shares, may be obtained at the
office of Messrs. C. I. Ifambro and Son, 70, Old Broad-
street, and of Messrs. Walker and Lumaden, 25, Austin-
friars, E.C.
London, 14th January, 1870.

No.
London, January, 1870.
TO THE GREAT NORTHERN TELEGRAPH, CHINA
AND JAPAN EXTENSION, COMPANY.
(Incorporated under Danish Law, with Limited Liability).
Care of Messrs. C. I. lianibro and Son, 7e, Old Broad-
_ st rect.

Gentlemen,— request you to insert anion in
pmr list of applications for Great Northern Telegraph,
China, and Japan Extension, Company's shares, to the
,•x tent of shares. enclose elo quo
for pounds (1.: ), being an instalment of
El per share on stares, a.nd hereby engage to
accept the same, or any smaller number you may allot,
and pay the containing instahnents in accordance with
the terms of the prospectus and statutes,
Gentlemen. your obedient servant,
Namo
Address