The Sun.
London, England, 1858-08-04 00:00:00

DIRECTORS.

which
m as
court•
which
[e 710
3 el'

;oar'
I Mr•
began
dle of
d was
those
biro•
back.,
t been

(With power to add to their number.)

s said
heard

The
could

1., an
la One
and
4ized
6c Let
ogiish
Le do-

iteted
• kick
oured
e was
ed or

denY
)f the
maul
dered
lip to

single
5 and
shout

,uno,
,s 14s.

I the
dered
woo
for,
;de o',
d
ailed,
t use

nie°
out.
It 00
and
!al of

Tan,
rence
e last
the

jot()
a the
oig
) was

oug!
ere"
ale
b.
the
tip'
.5 co

.ovv"
nity

jesS,
beid

'flit°
rtie?
iSOI
11111-
higg
ept
05.

the
vere
the

ee,
et,
or'

FORM OF APPLICATION FOR SHARES.

THE RED SEX and INDIA TELEGRAPH
COMP.INY (Limited), connecting Alexandria and the Euro-
pean System of Telegraphs by the Red Sea, with the Telegraphs 0
British India.

Capital tS00,(:00, in 40,000 Shares of £2O each.

Interest at 41( per Cent. Guaranteed for 50 Years by her Mai es ty 's
Government.
Deposit gi), per Share.
OfficeS—No. S, Moorgate-street.

CHAIRMAN—JOHN C. MARSHMAN, Esq., late of Calcutta.
Sir MACDONALD STEPHENSON, Deputy Chairman.
- - -

James Allan, Esq., Managing Director of the Peninsular and
Oriental Steam Navigation Company
J. A. Arbuthnot, Esq. (Messrs. Arbuthnot, Latham, and Co,)
Sir S. George Bonham Bart.. K. 0.8.
John Bowman, Esq. (Messrs, Forbes, Forbes, and Co. )
Frederick G. Dalgetty, Esq. (Messrs. Dalgetty and CO., London and
Australia).
Thomas Dent, Esq. (Messrs. Palmer, Mackillop, Dent and Co.,
London)
William Dent, Esq., late Director of the 'lon, the East India
Company.
George Dewhurst, Esq., Manchester.
'Frederick Gaussen, Esq., 27, Chester-square.
Adam &cunt t Gladstone, Esq. (Messrs. Ogilvy, Gillandors, and Co.,
Liverpool.
Samuel Gresson, Esq , M.P. (Messrs. Gregson and Co., London).
Capt. Hall, R.N., 0.8., F.R.S., Director of the Peninsular and
Oriental Steam Navigatton Company.
Eric Carrington Smith, Esq. (Messrs. Smith, Payne, and Smiths,
Lombard-street. London).
Alexander Wilson, Esq., F.R.S. late of Madras Civil Service.

OrrICIAL DIRICIOR (appointed by the Lords Commissioners of her

Majesty's Treasury)—W. H. Stephenson, Esq.
BANKERS.
Messrs. Glyn, Mills, and Co., and Messrs. Smith, Payne, and Smiths,
SoLicrroas—Messrs. C. H. and W. Freshfield and Newman.
BROKERS—Messrs. Scott, Corthorn, and Scotts.
SECRETARY—CharIes Lennox Peel, Esq.

The Company has been formed for the purpoic of establishing
telegraphic communication between England and India by the
hod Sea, under cmcessions grn-nted by the Turkish and Egyptian
tievernments.

The delay has hitherto taken place in the prosecution of
this undertaking is partly to be attributed to the indisposition of
the authorities, until recently (when the paramount importance
of the object involved forced it upon the attention of the Govern-
ment), to grant a guarantee, and partly to the doubts entertained
of the ability to lay a telegraph in the Red Sea.
These difficulties are now removed Capt. Pullen, of H.M.S.
Cyclops,who was sent by the Lords Commissioners of tho Admiralty
to take soundings in the Eel Sea, has reported his opinion that
" no place can be better adapted for laying a telegraphic cable than
the Red Sea;" and tho Government have now agreed to guarantee
interest at the rate of 41 per cent. on the capital, to commence
front the time of payment of each instalment, and to continue for
50 Years certain.
A provisional arrangement has been made with Messrs. Newell,
the eminent contractors for submarine telegraph* cables, for the
immediate laying of the cable, at their own risk, and at a fixed cost ;
the terms being such as to leave a surplus capital of about
£3OO 000 , .

The arrangements for the establishment of a telegraph between
urope and Alexandria have also been completed) and the line will
be laid this autumn.
The immediate operation is confined by the terms of the arrange-
ment with the Government to completing the Line between Alex-
andria and Aden, which is about half the whole distance.
The terms arranged with the Government are substantially as
follows :

LESTRACT OF Tut TERMS AGREED WITH THE LORDS COMMISSIONERS

OF TIER MAJESY'S TREASURY.
Trhe Red Sea and India Telegraph Company to contract with the
de Comntssioners of her Majesty's Treasury for the construe-
120 of a Line of Telegraph from Alexandria to Kurrachee, by the en
cl Sea and Aden, on the following terms :
I. The immediate operation is to be limited to Aden.
g• A capital to be raised not exceeding £800,005, and 5 per cent.
upon the whole amount of capital subscribed to be paid up forth-
with.

of capital The Treasury to guarantee a rate of interest on the amount
capital paid up from time to time, of 41 per cent, per annum,
Yablo half-yearly, for the term of 50 years certain.
4. The portion of the Line between Alexandria and Aden to be
immediately commenced through the agency of contractors of tho
la,ne, reest experience in Telegraphic operations, who are to lay :the
ern and transfer it to the Company in an efficient state, on their
responsibility.
5. The Company to work the Line, and to keep proper Accounts.
6, The appropriation of the half-years' Receipts to be as follows :-
151. To defray the working expenses.
2d. The surplus receipts above the working expenses to be
applied in relief of the Government guarantee.
Sd, It the surplus receipts should exceed the guarantee, one-
third to repay any advance of interest made by
Government, one-third to be applied towards forming
a Reserve Fund (not exceeding £80,000), and the re-
ma!nder to increase the dividend of the Shareholders
up to 10 per cent. per annum.
4th, If there should be xo debt for Government advances,
and no deficiency in the Reserve Fund of .£BO,lOO, the
whole profits to be applied to make up a dividend at
• the rate of 10 per cent, per annum.
sth. All surplus and unappropriated profits beyond 10 per
cent. per annum to be applied either in reduction of
the tariff, the creation of a fund to redeem the gua-
rantee, or otherwise, at the discretion of the Govern-
ment.
7' Tba Reserve Fund and surplus or unemployed capital to be
make
to, the maintenance or restoration of the cable, and to
poa„ke good any deficiency in the Receipts to cover the working ex-
,-,-“scs, Should such a contingency arise, so that the Government
‘,tfarantee of 4.ii per cent. shall be the minimum rate of dividend.
~81.1 All Government messages subject to the terms of the comes-
rtr from the Turkish Government, are to have priority over
;44,'Z MP ssages, but will be paid for at the same rate.
Lords Commissioners to appoint two ex-officio Directors,
preru, whose sanction and concurrence no contracts or other
leerdings of the Company will be valid.
jw, .11 case of default by the Company in completing or reinstat-
,6 the Inc or working it efficiently, the Directors of the Com-
;l3lY to be required to give up the Lino to the Lords Commis-
Oaers of the Treasury, on the litter paying off the capital paid
ly t
With interest at 41 per cent. per an DAM from the date of the
divid.
The powers to give effect to this arrangement are to be
I,l2h,!fed th
sanction
a private Act of Pateiament, to be applied for
the on of her Majesty's Government.
anlitin estimate of the returns, which has been carefully prepared,
ivnelray ,z,: may be inspected at the Company's Offices, bows a
rate of profit from the undertaking, apart from the
tiaoBl!ntee. This estimate will be easily checked and corrected by
vi,ho::" connected with the trade of India, China, and Au.stralia, to
std,„l it will be evident that all orders for produce, insurance,
voissents, arrivals, departures, accidents, change of destination of
",&e. BGe would be the certain subject of telegraphic corn-
-111lication. "
coAttlrications for shares may be sent to the.brokers. Messrs. Scott,
ee,urit, and Scotts, No, 16, Throgmorton-street, City ; or to the
eachsanY's Offices, No. 8, Meorgate-street, in the annexed form;
ttaPplicatiou will be considered, unless a deposit of £1 on
and Co' arc applied for is previously made to Messrs. Glyn, Mills,
00,„ .; or Messrs. Smith, Payne, and Smiths, tho Bankers of the
ae.'PallY. The deposit will be returned if the application is not
ceded to.
lsro.
.„0 the. * Di—eCtors of the Red Sea and India Telegraph Company.
„ ventlemen,—Having paid to Messrs , to your
,being £1 per Share, on.
‘)I1113 I Shares in the above
ts._
ea.ny, request you to allot me that number of Shares, and I
.43 accept the saTe, or any less number, when called upon to
Share by public advertisement, and to pay a further sum of £1 per
feneite7 allotment, or, in default, that the deposit paid
_shall be