The Sun.
London, England, 1858-12-18 00:00:00

THE MADRAS IRRIGATION and CANAL
COMPANY.
(Incorporated by Special Act of Parliament.)
For Constructing, Maintaining, and Working (under the
saentpalvad with the support of the Governnit
..a ristatiensive system of Irrigation Works and Navi-
kableTanals throughout the Presidency of Madras and
the neighbouring Territories of Berar, Cochin, Hyderabad,
Mysore, Nagpoor, Orissa, the South Mahratta Country,
and Travancore • and also throughout the Lower Pro-
vinces of Bengal, when the necessary powers shall have
been obtained.
First Capital, £2;000,000 (with power to increase). First
Issue thereof, £1,000,000, in 50,000 Shares of £2O each,
upon which a perpetual Minimum Interest of £5 per
cent. has been guaranteed by the Secretary of State for
India in Council, all surplus profits being divisible equally
between the Government and the Company : which
arrangement is subject to be determined only by the Go-
vernment purchasing the Works constructed within six
months after the expiration of each period of 25 years, at
a sum equal to the market value of the shares of the
company on an average of the three preceding years.
Deposit, £1 per Share, to bear Interest at the guaranteed
rate from the day on which the same shall be paid into
the Indian Treasury:

DIRECTORS.
CHAIRMAN—JAMES THOMSON, Esq. (Messrs. Line
and Co., Madras), Deputy Governor of the Agra Bank,
and late Chairman of the Chamber of Commerce, Madras,
and President of the Madras Bank.
Colonel Philip Anstruther, C. 8., Madras Artillery.
The Hon. Philip Pleydell Bouverie, M.P. (Messrs. Ran-
som, Bouverie, and Co.)
Lieutenant-Colonel Grimes, Madras Army, Chairman of the
Oriental Inland Steam Company.
Colonel Atwell Lake, C. 8., late Superintending Engineer
of the Eistnah Irrigation Works.
Lieutenant-Colonel Onslow, late of the Commission for
governing Mysore.
Lieutenant-General Sir George Pollock, G.C.8.,

&c.
Major-General Westrow Watkins, Madras Army.

CONSULTING ENGINEER.
Col. J. T. Smith, Madras Engineers, F.R.S., &c.
AUDITORS.--James Bonar, Esq. .(Messrs. Small and CO.,
Old Jewry).
BANRERS.—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, London, E.C.

Full Prospectuses and Forms of applications for shares
may now be had on application at the Company's Offices,
27, Cannon-street, London, E.C. ; of the bankers, Messrs.
Ransom, Bouverie, and Co., 1, Pall-Mall East ; and of the
solicitor, John Mackrell, Esq., 34, Cannon-street West,
E.C., London ; but no application will be considered unless
a deposit of £1 on each share applied for is previously
made to Messrs. Ransom, Bouverie, and Co., bankers of
the company. The deposit will be returned if the applica-
tion is not acceded to.

Extract from Minutes of Consultation transmitted by the

Government of Madras, on the 15th May, 1858, to the
late Court of Directors of the East India Company :
The Government express their unanimous, strong, and
earnest advocacy that all irrigation works which, on a com-
prehensive view of the wants of the country, may be deemed
necessary to develop its undoubtedly great resources, be
commenced at once boldly and on a large scale, be pressed
forward throughout all times and under all circumstances,
and be looked on, and be practically treated, as in fact they
really are, as the most economical, because the most pro-
fitable, undertakings in which the Government could pos-
sibly engage. It is needless now again to bring forward
the innumerable instances in which money has in the Pre-
sidency been most advantageously invested in irrigation
works. The proceedings of Government have, in this re-
spect, been only too dsultory and vacillating, and it is
confidently asserted that India could be placed in a
position to pay all her own expenses, and gradually dis-
charge her debt far more readily and speedily by a judicious
expenditure than by any scheme of retrenchment or reduc-
tion.