The Sun.
London, England, 1860-08-18 00:00:00

PROMOTED BY THE MADRAS IRNTION
AND CANAL COMPANY.
THE EAST INDIA IRRIGATION and CANAL
COMPANY.
To be incorporated by Special Act of Parliament with
Limited Liability,
First Capital, £2,000,000.
With power to increase the same.
First Issue, £1,000,000, in 50,000 shares of £2O each.
Deposit £1 per Share.
DIRECTORS.

JAMES THOMSON, Esq., Chairman,
Major-General Philip Anstruther, C. 8.,
The Hon. Philip Pleydell Bouverie, M.P.,

Lieut.-Colonel John Grimes,
Lieut.-Colonel William Campbell Onslow,
General Sir George Pollock, G.C.8., F.R.G.S., &C.,
Major-General Westrop Hopkins,
Chairman and Directors of the Madras Irrigation and Canal

Company.
CONSULTING ENGINEER

Colonel J. F. Smith, Ma Consulting
Engineer of the Madras Irrigation and Canal Co.
AUDITORS.

JameS Bonar, Esq. (Messrs. Small and Co.), 8, Old Jewry,
Thomas Quested Finnis, Esq., Alderman, &c.
BANKERS.

Messrs. Ransom, Bouverie, and Co., 1 Pall-mall East.

SOLICITOR.
John Mackrell, Esq., 34, Cannon-street West.
Secretary—John. Westwood, Esq.
Offices :-27, Cannon-street, E.C.

ABRIDGED PROSPECTUS.

The works selected, with the approval of Government,
for first operations, consist of—lrrigating and Navigable
Canals throughout the rich and extensive Deltas of Orissa
(in Lower Bengal), and the Districts between those Deltas
and the Port and City of Calcutta.
These works have been already investigated by Engineer
Officers in the service of Government, of known ability and
experience, who have pronounced them to be amongst the
most important, and in promise the most profitable of
their character in India ; in fact, the present Secretary of
State for India in Council in March last addressed to the
Government of India an official communication, calling
attention to the importance of constructing these very
works, and stating that her Majesty's Government were
prepared to carry them into effect as ;soon as the plans and
estimates were approved by the Local Government. A
desire to see an unguaranteed company established, he
states, led to their concession to this company.
The main sources of profit will be :--
Firstly.—The sale of water to the Government for the
irrigation of land.
Secondly.—Tolls levied in respect of the use of the Canals
and Water-ways by the public.
To these may be added as available bent subsidiary means
of a Iditional returns :

I.—The working of the Canals by the Company by the
conveyance of Passengers, Animals, and. Goods thereon.
2.—Rent and other income derived front mills and factories
established on the banks of the various channels. _

3.—Cultivation and sale of timber :and other produce
raised upon the land of the Company. .And,
4.—The supply of water for general purposes.
Although these latter are now put forth as secondary
only, they should by no means be lost sight of—the first of
them has been already ascertained to bo highly productive
in India, and by the official accounts of the existing Canals
in the North-western provinces of Bengal the profits derived
from mills, timber, and bank produce, represent a large per
centage upon outlay.
The following returns realised by the Government on ex-
isting works of Irrigation in India will afford some idea of
the highly remunerative character of smch works, if selected
with ordinary judgment.
The works connected with the Caleroon River cost
£21,700, and for sixteen years returned a net profit of £llB
per cent. per annum.
The Fordwak Canal cost £2,700, and. paid £5,000 in the
first year. Another canal in Scinde paid 58 per cent. on its
cost during the first year, and a third, which cost £3,600,
produced £5,000 in the first year.
The Western Jumna Canal has paid £5 per cent., and
produced a clear surplus of £1,000,000, the eost of construc-
tion being £81,458.
The works in Maiwara produced a return of 265 per cent.
per annum. _ _ .

- These are not exceptional instances.
Terms of a very favourable character have been arranged
with the Secretary of State as the basis of a final Agree-
ment, to be made with the Government of India at Calcutta.
It is proposed to limit the issue of capital in the first in-
stance, to the sum of £1,000,000, divided into 50,000 shares
of £2O each, and to take a first deposit of £1 per share
only, with a further payment of £1 per share when the
final agreement has been concluded ; this will, it is believed,
suffice to support effective operations for the first twelve
months. Of all subsequent calls, fell and timely notice
will be given to each shareholder.
A full Prospectus and form of applications for shares may
now be had upon request at the Company's Offices, 27, Can-
non •street, E.C., London ; or at the Company's Bankers,
Messrs. Ransom, Bouverie, and Co., 1, Pall-Mall East.

PAST INDIA IRRIGATION AND CANAL
COMPANY, 27, Cannon-street.

No application for Shares in this Company will be re.
ceived after Thursday, the 23rd of August, 1860, immedi.
ately after which the allotment will be proceeded with.—
By order,

JOHN WESTWOOD, Secretary.

CWIVI AMMAN ANTHRACITE COAL and
IRON COMPANY (Limited).—Parish of Cwm Amman,
near Linnelly, county Caermarthen.
Incorporated under the Joint Stock Companies Acts,
1856 and 1857.
Capital £50,000, in 50,000 Shares of £1 each.
A deposit of ss. per Share to be paid on application for
Shares, and ss. within 30 days after allotment.

DIRECTORS.

John Astell Deacon Cox, Esq., Birchin-lane, E.C., and
Sutherland-gardens, W.
Thomas Dowling, Esq., Gresham House, E.C,
Charles Paul Berkeley, Esq., 18, Cannon-street, E.C., and
6, Lansdown-place Russell-square, W.C.
Horatio Nelson, Esq., 10, New Cavendish-street, Portland-
place, W.
William Whitehorne Lawrence, Esq., 21, Upper Ranelagh-
etre et, Eaton-square, S W.
Bassett Smith, Esq., 8, New Broad-street, E.C.
LOCAL 3IANAGER.—C. G. Bateman, Esq.
SOLICITORS.

Messrs. Pattison and With, 10, Clement's-lane, E.C.
OFFICIAL AUDITORS.

Messrs. Deloitte ,kr, Greenwood, Accountants, 4, Lothbury, E. C,
BROKERS.
Messrs. Eykyn Brothers, 22, Change-alley, E.C.
BANKERS.—City Bank, Treadneedle-street, E.C.
SECRETARY.—Henry Graves, Esq.

OFFICES. —Walbrook House, 37, Walbrook, London, E.C.
This Company is registered under the Joint Stock Com•
panics' Act, for the purchase and working of the property, in
the county of Caermarthen, known as the Lion Colliery, em-
bracing an area of about 420 acres, the whole held under a
lease for forty years from 1850, at the moderate royalties of
9d. and 61 per ton respectively for Coal, 10d. per ton for Iron,
and 6d. per ton for Fire Clay.
The quality of the coal is sufficiently established by the
reports and analysis of Mr. Petherick, Mr. Bateman, Dr.
Normandy, and Mr. Dugald Campbell, which prove it to be
first-class. The statements of these gentlemen are equally
satisfactory and conclusive as to the quantity ; the produce
of saleable large coal being estimated at 3,764 tons per acre.
Messrs. Woodhouse and Jeffcock, of Derby, have inspected
the property on the part of the Directors, and made a special
report.
The present yield of Coal is about 80 tons per diem, at a
cost, free on board at Llanelly, of 6s. ; while the market price
is 9s. 6d. per ton, leaving thus a profit in the actual working
of 3s. 6d. per ton, besides about 10 tons of Iron Ore, worth
105. per ton. Calculating a production of 300 tons
per diem, with 30 tons of Iron, the present price would
afford a clear profit, after all possible contingencies, of 25
per cent. on the paid-up capital of £25,000. It is undoubted
that the recent Commercial Treaty with France must create
a greatly increased demand for Coal and Iron, while it will
materially inhance the value of first-class steam coal, like
that in this Company's property.
The Iron Ore will produce about 2,116,800 tons. The pro-
perty is situate in the Yale of Cwm Amman, about 15 miles
from the Port of Llanelly, and is provided with floating docks,
capable of accommodating vessels of 1,000 tons burden.
In the event of the Company not being duly constituted,
the deposit will be returned without any deduction.
Applications for Shares may be made to the Bankers or
Brokers, with a deposit of ss. on each Share applied for.
Prospectuses, with Reports and Forms of Application for
Shares, may be obtained at the offices of the Company or
from the Brokers.

BENSON'S Mr ATCH.ES.
Perfection of mechanism."—Morning Post.
Gold
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Send 2 stamps for Benson's Illustrated Pamphlet, descrip-
tive of every construction of watch now made, with their
prices.
Watches sent to all parts of the kingdomfres by post, or to
hid's, and the Colonies for ss. extra.
Al and 34. Lndzate-hill. London. E.C. Established 1749. _

T.H EA TR YAL, Y MAItILET.
Lessee, Mr. J. B. Buckstone.
THIS EVENING the performances will commenoe with
JACK'S RETURN FROM CANTON.
And THE OVERLAND ROUTE. Messrs. C. Mathews,
Buckstone, Compton, Chippendale. Rogers, Mrs. Charles
Mathews, Miss Weekes, and Mrs. Wilkins.
After which, the new comedietta, HIS EXCELLENCY,
It, which Mr. and Mrs. C. Mathews will appear.
To conclude with TIIE CHRISTENING.
Commence at 7.

ROYAL PRINCESS'S THEATRE.-
Lessee, Mr. A. Harris.
THIS EVENING, will 13, performed A WONDERFUL
WOMAN. Mr. A. Harris. Miss Heath, &c.
Followed by UN TIGRE DU BENGALE.
And LES DEU X AVEUGLES. By the Zouayes.
With the farce of A.S.S.
After which, LA. CORDE SENSIBLE. Characters by
t he Zonaves.
Followed by AN AMBUSCADE AT INKERMAN.