The Sun.
London, England, 1860-08-16 00:00:00

PROMOTED BY THE MADRAS IRRIGATION
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.
irst 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., ecc.,
Major-General Westrop Watkins,
airman and Directors of the Madras Irrigation and Canal
Company.
CONSULTING ENGINEER.
Colonel J. F. Smith, Madras Engineers, F.R. S., 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.
SoLicrron.
John Maekrell, Esq., 34, Cannon-street West.
Secretary—John Westwood, Esq.
Offices :-27, Cannon-street, E.C.
For full Advertisement, see The Sun of Bth August, 1860.

ABRIDGED PROSPECTUS.
The general scheme and objects proposed to .be embraced
by this Company may be thus described, viz.:—The eon-
',traction, maintenance, management, and working of
Such works of irrigation, water transit, and water sup-
tilr in India, with their auxiliary undertakings as may,
nem time to time, be found to be of a profitable character,
niter the necessary sanction of Government has been secured
to each project.
The works selected for first operations, and intended to
be immediately entered upon, have been examined by en-
gineers of the highest attainments and Indian experience,
Who urgently recommended them for construction by Go-
vernment as being, in their opinion, amongst the most
important, and in promise the most profitable of their
character in India.
These works will consist of :
Firstly,—lrrigating and Navigable Canals, with all sub-
sidiary works throughout the rich and extensive alluvial
Deltas of Orissa and the adjoining districts, receiving their
supply from the copious and never-failing waters of three
great rivers, the Mahanuddy, the Byturny, and the Brah-
many, which, with their affluents, intersect and command
the trade and aommelqa p countries, together much larger
in extent than England and Wales, and abknding in
agricultural and mineral wealth. The land in Orissa alone,
capable of being thus affected, is estimated to amount to
about 2,000,000 acres.
Secondly,—A main Irrigating and Navigable Canal, con-
necting the above works and districts with the port and city
of Calcutta, starting from Balasore and passing by Midna-
Poor te the Iloogly River, opposite to Calcutta, with all
subsidiary channels necessary to irrigate about 2,500,000
acres of good land contained in the surrounding
-country.
-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 im-
pedance of constructing these 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 led, however, he states, to their con-
%salon to this Company.
The main sources of profit will be :
Firstly,—The sale of water tb 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 but subsidiary means
f additional 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 from mills and factories
established on the banks of the various channels.
3.—Cultivation and sale of timber and other produce
raised uponthe 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 be 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
tentage upon outlay.
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 D. per share
only, with a further payment of £1 per share when the
-filial agreement has been concluded ; this will, it is believed,
reface to support effective operations for the first twelve
months. Of all subsequent calls, full and timely notice
Will be given to each shareholder.
In the allotment of shares, preference will be given to
those applicants who are shareholders in the Madras Irri-
gation and Canal Company, to the extent of the number of
shares held by them in that company, and all future issues
of shares in England will be distributed pro rata amongst
such of the then existing shareholders in the present corn-
Party as may be desirous of taking them.
A full Prospectus and form of applications for shares may,
now be,had upon request at the Company's Offices, 27, Can-
non-street, 8.C., London ; or at the Company's Bankers,
Messrs. Ransom, Bouverie, and Co., 1, Pall-Mall East.