The Sun.
London, England, 1860-08-21 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.
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,
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, 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.
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—irrigating 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 but subsidiary means
of aiditional 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 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 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.
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 ordinary judgment.
The works connected with the Coleroon 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 asst 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, 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 Offices, 27, Can-
non•street, E.C., 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 Thursday, the 23rd of August, 1860, immedi-
ately after which the allotment will be proceeded with.—
By order,

JOHN WESTWOOD, Secretary.

THE ROYAL CREMORNE GARDENS
COMPANY (Limited).
Capital £lOO,OOO, in 20,000 Shares of £5 each.
Lia Linty Limited to the amount of each Share.
Incorporated under theJoint-Stock Companies Act, 17th and
18th Vict.
DIRECTORS.
Lord Henry Gordon, the Palace, Hampton Court.
Sir George Duckett. Bart., Coningsby.
Theophilus Clive, Esq., Hampton.
John Simpson, Esq., 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, Lombard-street ;
441, New Oxford-street ; Knightsbridge ; and its various
Branches.

STANDING COUNSEL.
Charles Wordsworth, Esq., Q.C., Temple.
Brownlow Poulter, Esq., LinCOIR'S-inn.
AUDITOR—T. P. Scrivener, Esq., Public Accountant,
Norfolk-street, Strand.
CONSULTING ARCHITECT—Finch Hill, Esq., 441, Oxford-

street.
SOLICITORS—rawIe, Belfrage, and Asprey, 7, New Inn,

Strand.
BROKEUS—Holderness, Fowler, and Co., Change-alley, Corn-
hill.

OFFICES OF THE COMPANY—At the Gardens.
HONORARY SECRETARY—LOrd William Lennox.
PROSPECTUS.

The object of this Company is to purchase 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 enjoyment.
The Cremorne property is held at the nominal ground
rent of £63 per annum, the Ashburnham portion included,
for an unexpired term of nearly thirty-three years. As
evidence of the confidence entertained in the 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 , and
the for-
mation of the Company. thus affording the Board the benefit
of his co-operation in the management. Arrangements have
also been made for the retention of the services of his efficient
and well-organised staff, thus ensuring the correct and eco-
nomical working of the business.
Some idea of the profits of these Gardens may be
gained from the fact, that on the occasion of the Fete
in aid of the Wellington College, after payment of all
expenses, Mr. Simpson paid over to the Trustees of the
Charity, as the proceeds of the night's entertainment, £1,200 ;
and on the occasion of the Aristocratic Fete a profit of £l,lOO
was realised, and presented to public charities.
The capital called is ample for the requirements of
the business. The purchase-money for the lease, plant, and
goodwill, will not exceed two-thirds of the amount. The
contemplated additions and alterations will be carried out
upon principles of the strictest economy, and will not, it is
anticipated, employ more than half the eapital remaining
after the completion of the purchase.
Since the year 1850, the -income has gone on steadily and
rapidly increasing. The boom sof the establishment have
been strictly kept, and have been examined, 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.
It must be borne in Mind that this is no new or speculative
undertaking, the experimental period. so often fatal to new
enterprises of the most promising kind, having, in the
case of these Gardens, long since passed by ; while, by the
experience and industry of Mr. Simpson, a system of check
has been perfected, which precludes not only losses by frauds,
but reduces the expenses of the concern to the mluiruurn, in-
sures the regularity of the working, and places the estimate
of profits, as above put forward by the Board, among the
most reliable ever submitted to the public.
All applications for Shares to be made to the Brokers of
the compeer, Messrs Holderness, Fowler, and Co., Change-
alley, coeekh 11; 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

FORM OF APPLICATION.
(Deposit of 255. per Share to be made to the Bankers),
and the further sum of £1 ss. on allotment.
To the Directors of the Royal Cremorne Gardens
Company (Limited).
Shares £5.
(le
um paid credite London and County allot
the sum of £ toyour I request you will allot
nie Shares of £5 each in the Royal Cremorne Gardens
Company (Limited), or any less number, and I hereby agree
and to pay
to accept them, subject to the Regulations of the Company,
the calls thereon. and to sign the Articles of
Association of the Company when required.
Name
Profession

Signatur

Address
Date

1860.

LOlldoll,

MEDICAL ADVICE.
DR. LA'MERT, Registered L.S.A.,
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