The Sun.
London, England, 1858-06-18 00:00:00

PROSPECTUA.

A telegraph to India is not simply a commercial speculation.
Upon the broad principles of political economy it is, in this respect,
an engine of government administration.
The first consideration,.therefore, ought to he how Its functions
as the annihilator of time and space, can be m-st speedily and
economically brought into operation between Great Britain and
India. _ _ _

Such an undertaking has, therefore, a powerful claim on govern-
ment for a working guarantee, for which application has been made,
with every prospect of success.
The object of this Company is to establish direct telegraphic com-
munication between London cud Bombay, by a chain of submarine
lines from Falmouth to Gibraltar, Malta, and Alexandria, thence
via the lied Sea to Alen and ledia.
The practical utility and economy of the electric telegraph can
only be accomplished by system and continuity of action. The sta-
tions on such a line should therefore not only be important but few,
thus reducing the first cost and risk in laying the submarine lines,
materially economising the working expenses, and consequently
penniiting of such a low tariff of charges as would at once ensure
a large and increasing amount of traffic. The cost of a message
between the termini would thus not only be reduced to a minimum
comparatively, but the expense, delays, and espionage of the foreign
lines of telegraph across the continent of Europe be entirely avoided
—an object the more to be desired, as any telegraphic system of
communication with India, based upon such a connection must be
practically valueless, if not mischievous, to the Commercial com-
munity..
Telegraphic eommunicatio i with the various stations on the line
is also of the highe,t importance, not only to the commerce but to
the government of Great Britain.
Besides these main elements and evident sources of traffic—the
forwarding of all the Intelligence to and from the more distant points
of commerce in the Pacific—Ceylon, China, and Australia, although
they may not, for a long time to come be reached by the electric
wire, would of itself create a large increase of through traffic over
this Company's lines.
Mr. Allan's systems of electro-telegraphic submarine communica-
tion give to this Company the exclusive right to the most effective
means at present known for producing an electric force capable of
working through extra long distances of submerged wire ; al,o a nub-
marine rope or conductor, the mechanical and physical attributes of
which render such submarine undertakings practicable awl compa-
ratively easy of accomplishment, from the simple fact of its specific
gravity being such that it cannot destroy its electrical integrity
during submergence, as has occurred with others is great depths.
Br the adaptation of these systems there will be relatively au
economy of 40 per cent. on the first cost of construction, besides a
saving of more than 50 per cent. on the working. The cost of a
short message, therefore, from London to Ilambay need not exceed
505.; but say th t the cost of messages, long awl short cistances,
between the Company's stations, average 403. ; then, estimating Vie
transmiss on of despatches. &c., at the low rate of 15 messages per
hour, and assuming, from the difference in longitude between the
ternuni, 20 hours as the working day, an aggregate amount of trans-
mission equal to IS messages per hour, at 405., would give an income
of 219,000/. per annum, while the working expenses need not exceed
20 or 25 per cent. of the earnings. TMs estimate is made on the
supposition of .he whole chain of communication being constructed
in continuity.
The financial and other details can be inspected at the registered
office of the company, 1, Adelphi-terrace.
Ap,llcations for shares may he sent to the Brokers. Messrs. R.
and J. Su' ton, 22, Royal Exchange, and Robert All no, Esq., Edin-
burgh, in the annexed ferny; bust no application will be considered
unless a deposit of 2s. on each share applied for is previously made
to the 'Union Bank of London.

In the event of a guarantee not being obtained from her Maje,ty's
Government, the deposit of 2s. per share (less the expens:s incurred)
will be returned to the allottees.

FORM OF APPLICATION FOR SHARES.
To the Directors of the Great Indian Suhmarine Telegraph Company
(Limited).
Gentlemen,—Having paid to the Union Bank of London to your
credit t , being 25.-per share on shares in the above Com-
pany, I requ st you to allot me that number :of shares, and I hereby
agree to accept the same, or any less number which may be al:otted
to me.

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