The Sun.
London, England, 1860-08-23 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 game.
First Issue, £1,000,000, in 50,000 shams ftf £2O each.
Deposit £1 per Share.
DIRECTORS.
JAMES THOMSON, Esq., Chairmren,
Major-General Philip Anstruther, C. 13 ~
The Hon. Philip Pleydell Bouverie, I 1.1'.,
Lieut.-Colonel John Grimes,
Lieut.-Colonel William Campbell Onstow,
General Sir George Pollock, G.C.8., .R.G.S., &c.,
Major-General Westrop Hopkins,.
Chairman and Directors of the Madras Irrigat ion 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 Finals, Esq., Alder saan, &c.
BANKERS.
Messrs. Ransom, Bouverie, and Co., 1 Pall-mall East.
SOLICITOR.
John Mackrell, Esq. 34, Cannon-s treet West.
Secretary—John Westwood, Esq.
OfficeS:-27, Cannon-street, X.C.

ABRIDGED PROSPECTUS.

The works selected, With the approval of Government,
for first operations, consist of—lrrigatin g 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 impo;tant_ 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 add ressed to the
Government of India an official communic often, calling
attention to the importance of constructing: these very
works, and stating that her Majesty's Govt rnment 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 es:: tablished, he
states, led to their concession to this company.
The main sources of profit will be :
Firstly.—The sale of water to the Govern.n rent for the
rrigation of land.
Seeondlx.—Jollelevied in respect of the use .of the Canals
and Water-ways by the public.
To these may be added as available but subsidiary means
of al litional returns :-
I.—The working of the Canals by the Company by the
conveyance of Passengers, Animala, and Goods; thereon.
2.—Rent and other income derived from mills and factories
established on the banks of the various channel Is.
3.--Cultivation and sale of timber and crizher produce
raised upon the land of the Company. And,
4.--The supply of water for general purposss.
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 n tills, timber, and bank produce, represent a large per
eentag a 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 such works, if selected
with o rdinary judgment.
The works connected with the Coleroon River cost
£21,700, and for sixteen years returned a net profit of Slit
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
products(' a clear surplus of £1,000,000, the cost of construc-
tion being £81,458.
The 'works in Maiwara produced a return of 265 per cent.
per annum.
Thole are not exceptional instances.
Terms of a very favourable character have bee m 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 £l. per share when the
final agreement, has been concluded ; this will, it is believed,
suffice to support effective operations for the Ent twelve
months. Of all subsequent calls, full 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 Offio es, 27, °an-

non •street, London ; or at the Company's 'Bankers,
Messrs. Ransom, Bouverie, and Co., 1, Pall-Mall East.

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

No application for Shares in this Company will be re-
ceived after THIS DAY (Thursday), the 23d of August,
1860, immediately after which the allotment 'will be pro-
ceeded with.—By order,
JOHN WESTWOOD, :Secretary.

THE ROYAL CREMORNE G.ARDENS
COMPANY (Limited).
Capital £lOO,OOO, in 20,000 Shares of £5 each.
Liability Limited to the amount of each Share.
Incorporated under the Joint-Stock Companies; Act, 17 and
18 Pict.
DIRECTORS.
Lord Henry Gordon, the Palace, Hampton Cour t.
Sir George Duckett, Bart., Coningsby.
Theophilus Clive, Esq., Hampton.
John Simpson, Um., the Strand, and Pinner-park.
George Lettsom Elliott, Esq., Urban Lodge, Cheltenham.
(With power to add to their number from the Shareholders).
BANKERS—The London and County Bank, Lon 'Wird-street ;
441, New Oxford-street ; Knightsbridge ; ai Id its various
Branches.

STANDING COUNSEL.
Charles Wordsworth, Esq., Q.C., Temple.
Brownlow Poulter, Esq., Lincoln's-in tn.
AUDITOR—T. P. Scrivener, Esq., Public Accountant,
Norfolk-street, Strand.

CONSULTING ARCHITECT—Finch Hill, Esq., 441, Oxford-

street
SOLICITORS—PawIe, :Belfrage, and Asprey, 7, New Inn,

Strand. , _ _
BROKERS—Holderness, Fowler, and Co., Chanfpe-alley, Corn-
hill.

OFFICES OF THE COMPANY—At the GA,Tdena.
HONORARY SECRETARY—LO/d William iehnox.
ABRIDGED PROSPECTUS.

(For detailed Prospectus apply to the Brokc:rs, Bankers, er
Solicitors.)

The object of this Company is to purchaie from Mr. Simp-
son, the present well-known and successful proprietor—who
retires, having realised an ample fortune from. the profits of
this undertaking, --the Lease, Goodwill, and Plant of these
head-quarters of suburban recreation and enjoy ment.
The Cremorne property is held at the not ninal ground
rent of £63 per annum, the Ashburnham portion included,
for an unexpired term of nearly thirty-throe years. As
evidence of the confidence entertained in ithe success of
the proposed Company, nearly one-half of the capital has
been already subscribed. Mr. Simpson becomes one of
the largest shareholders in the undertaking, and will ac-
cept a seat in the Direction immediately after the' for-
mation of the Company, thus affording the Boa rd the benefit
of his co-operation in the management. Arrangements have
also been made fbr the retention of the services of his efficient
and well-organised staff, thus ensuring the correct and eco-
nomical working of the business.
Since the year 1850, the income has gone on steadily and
rapidly increasing. The books of the establishment have
been strictly kept, and have been examin ed, and the -
accounts audited by Mr. Scrivener, the public accountant;
and the average profits of the last five years show that an
income equal to a dividend of 20 per cent. upon the capital
employed may be confidently anticipated, and that these
profits, by a small judicious outlay, are capable of being
greatly increased.
It is also proposed that every holder of not less than twenty
shares shall be entitled to a free admission for himself and
friend, subject, however, to such conditions as may be deter-
mined upon by the direction.
- -

All applications for Shares to be made to the Brokers of
the Company, Messrs• Holderness, Fowler, and Co., Change-
alley, Cornhill ; or to the Solicitors, at 7, New Inn, Strand,
W.C., in the annexed Form. If no allotment be made, the
amount of deposit will be forthwith returned without any
deduction.