The Sun.
London, England, 1867-07-12 00:00:00

BROKERS.

Messrs. P. Cazenove and Co., 52, Threadneedle-street, E.C.
Messrs. Foster and Braithwaite 27, Austinfriara, E.C.
SECINTARY (ad interim)—john C. Deane Esq.

Temporary. Offices-26, Old-Broad-street, London, E.C.
The object of this Company is to establish, under one
control and management in London, a direct and
thoroughly effective line of telegraph, via Egypt and
Aden, to India, with extensions hereafter to Singapore,
China, Japan, and Australia. The route of the proposed
line (which is shown on plans, to be obtained at the offices
of the Company) is the route by which all the mails,
passengers, troops, and overland merchandise between
this country and the East, are forwarded.
The present condition of telegraphic communication
with India is most unsatisfactory. Commercial messages
usu illy occupy many days in their transmission, and
arrive not only in a mutilated, and frequently un-
intelligible, form, but also without regard to priority of
date, thereby misleading those who place any reliance
upon thorn. From the many countries, differing in
language and administration, through which the messages
pass, it is impossible to obtain either explanation or re-
dress ; while the cost, distance, and delays are too great
to admit of corrections being obtained by repetition.
The necessity for a thorough change of the existing
system has been repeatedly urged by the several Chambers
of Commerce in India, and is universally felt in this coun-
try. The establishment of the direct telegraphic route to
India, by way of Aden, as proposed by this Company,
forms one of the most important recommendations of the
recent Parliamentary committee on East India communi'as-
tions.
Under a well-organised system the average time of
transmission of a message between London and Bombay
ought not to exceed six hours. In order to effect this, and
to secure uninterrupted communication between England,
Egypt, Aden, and India, provisional arrangements have
been made for the transfer to this Company, when the line
between Egypt and. Bombay is completed, or earlier if this
Company desire, of
1. A concession from the Italian Government for the
exclusive use, for 41 years, of a linagof telegraph from
Suss (where the French lines terminate) to Modica, in
Sicily, to be worked by English clerks appointed by this
Oo The
2. agreement for a lease from the British Govern-
ment of the existing Malta and Alexandria cable for the
term of 42 years from May, 1865.
3. The agreement for a leaSe for 21 years (with the op-
tion of purchase) of the existing land lines of the telegraph
to India Company, between' Alexandria, Cairo, and Suez,
together with the concessions and firmans held by that
Company for establishing telegraphs from Egypt to Aden
and India. -

Between Modica and Malta the- messages will, for the
present, pass by the short lino of the Mediterranean Ex-
tension Telegraph Company; but the Italian Government
have granted a concession which will bo vested in this
Company for continuing their independent line from Sicily
by a submarine cable direct to Tripoli, or other point on
the African coast, and it is proposed to exercise this right
at an early period in order to secure a second route (avail-
able in the event of interruption on the existing lines) be-
tween Sicily and Alexandria.
The direct route front London to Snez will, it is antici-
pated, be in actual work during the present year, and the
Company have entered into a contract with the Telegraph
Censtniction and Maintenance Company for making and
laying a thoroughly efficient line of telegraph (about 3,650
nautical miles in length) from Suez to Bombay, including
station buildings, instruments, and all expenses, for the
sum of £1,100,000, of which £lOO,OOO is to be retained by
this Company until the successful completion of the whole
of the work ; .05,000 of the contract sum is to be paid in
shares of this Company, and £95,000 in debentures. The
contract provides for the completion of the entire line from
Suez to Bombay, in working order, to the satisfaction of
this Company's engineers. The entire lino to be completed
in the course of next year, or at latest in the May follow-

_ .
ing.
It will be seep, therefore, that except through France
and over the short line of 60 miles from Modica to Malta
(which, however, is worked by. English clerks), this Com-
pany will have under their own management, and worked
exclusively by an English staff, the whole line of telegraph
from England to Bombay, an advantage the possession of
which will tend greatly to insure a rapid and accurate
transmission of messages.
It is scarcely necessary to remark upon the vast com-
mercial as well as national importance of this undertaking.
Tho number of messages transmitted between England
and India by the present slow and uncertain route, via the
Persian Gulf, with all the objections and uncertainties at-
tending it, was last year over 30,000, with an average .of
30 words per message; and the Directors of this Company
are assured by India merchants and other competent judges
that with a direct and reliable route worked Ls now pro-
posed the number of messages by the now line will at onto
be treble those now sent.
The cost of acquiring the lines from Susa to Modica and
Malta to Alexandria will be £lOO,OOO, payable in cash or
shares, plus any necessary expenditure or liability incurred
with the sanction of this Company.
The rent payable under the lease from the Telegraph to
India Company will be £1,500 per annum, to be increased
to £5,000 on completion of this Company's line to India, the
higher rent being payable only whilst the submarine line is
in work. Tho Company have the option of redeeming this
rent and of purchasing the whole property of the lessors
for £50,000 in cash, or shares, at the choice of the pur-
chasers.
The return from the Company's lines when completed
to Bombay
is estimated upon the basis of the present
charge of £5 Is.
to Bombay, as follows :
Per message of twenty words from London

ANNUAL RECEIPTS.
Proportion due to the lines between Susa and
Alexandria in respect of traffic between Eng-
land and Egypt (the actual average of the re-
ceipts on the Malta and Suez lines for the last
four years) ....................................
Proportion due to the lines between Susa, and
Bombay (6,307 miles) in respect of traffic
between England and India—estimated at 100
messeges per day each way, averaging 30
446,210
words each

- _
Gross receipts
ANNUAL EXPENSES.
Rent to English Government for Malta
and Alexandria Line ................... £15,000
Ditto to Telegraph to India Company
(maximum amount) ..... maintenance b,600
Special Reserve Fund for
(including outlay on Malta and
Alexandria Line as provided by tho
lease) of the whole of the Company's
Lines, as hereafter explained, say_ 125,000
Working expenses ........................... 30,000
175,000

y.cielld,3aood,oivesiod,ewndhicehxciete
Not revenue per annum £329,760
cent. This
per annum will
upon
will cover all the operations of the Company now proposed
between England and Bombay. isdi exceeding
anticipated2s
per
As evidence of this being a reasonable estimate, there is
the fact that the receipts for messages between this coun-
try and .America by the Atlantic Cable were, for the first
sixmonths of its working, at the rate of £291,000 per an-
num, and that now, at the end of nine months those
only,
receipts are at the rate of £430,000 per annum ; and it is
beyond question that the mercantile transactions between
Great Britain, India, China, and Australia exceed in mag-
nitude and value those between this country and America.
The extension of telegraphic communication throughout
the East will unquestiontady develops additional traffic in
proportion to the facilities afforded, and the Company's
lines will possess abundant capacity for earning a larger
profit at greatly reduced charges.
It is proposed immediately upon the completion of the
cable to Bombay to establish land wires along the line of
railway from thence to Calcutta. Those wires are esti-
mated to cost not exceeding £lOO,OOO, and the additional
revenue deriVable therefrom is calculated at £25,000 to
£30,000 per annum.
Entire identity of interest between this Company and
the Telegraph Construction and Maintenance Company,
both as respects the manufacture and laying of the now
Cable and the future working and commercial success of
the whole line, is established by means of a contract which
has been entered into with the latter Company for the re-
pairing and maintaining by them of all the cables, wires,
stations, and works of this Company, between Susa and
Bombay, as and when the several sections aro opened for
traffic and transferred to this Company, for al period of
ten years certain, on equitable and mutually beneficial
terms. For tho repayment of the expenses incurred
by the contractors for vessels, cable, materials, and ser-
vices of officers, engineers, and others provided by
them under this agreement, they rely upon a fund
to be thus formed : 25 per cent. of the revenue is to
bo credited each year to a reserve fund in the joint
names of the two Con ipanies, which fund, after meeting
the actual cost of repay,. and maintenance, is to accumu-
late until the clear amoun t thereof, after deducting all pay-
ments made or due therefrom, but including vessels, cable,
stores, &c., then forming part of such fund, not exceeding
£lOO,OOO in value, shall a,ntount to £350,000, after which
the surplus from time to ti me existing beyond that amount
is to be divided each year ,between the Company and the
contractors, half to each. At the end of the term the
whole balance of the Maintenance Fund will belong to
this Company.
A copy of the memorandum of association is annexed-to
the prospectus, and copies of t association and ,

PISDERI (Limited).—Her Most Gracious MA-
JESTY the QUEEN. their Royal Hizhnesses the
DUKE of EDINBURG 11, the Prince and Princess Louis of
Hesse, Prince Leopold, PrineeAs Louise, and Princess Beatrice
have condescended to sit for their Portraits to Mr. DISDE RI.
By the gracious permission of her Majesty the Queen, the Por-
trhits of her Majesty and their Royal Highnesses sr!) on sale
at Mr. DisderPs Photogrraphic Establishments in London, at
70. 71, and 7', Brook-street, Hanover-square ; in Paris, 8,
-Boulefard des Dollen!) and at all the principal booksellers
of Europe.

PRINCESS of WALES have
.--Their Royal Highnesses
pßil{lNTEMiatnedd)
honoured with a visit the studio of DISDERI, and have
authorised him the sale of all the Portraits taken by him of
their Royal Highnesses, as well as those of Prince Victor
and Prince George.
DispheE

I lISDE RI (Limited).—By permission of her
msjesty the queen. ON SALE. splendid ALBUMS 01
WINDSOR and OSBOUNR.

DISDERI (Limited).--ON SALE.—STEREO-
SCOPIC VIEWS of WINDSOR and OSBORNE.

c:di)ta. rienEss; t anbr inschhnaese
at Toulon
and Madrid. —1 n
D rsaDri,,, 8, E
RBLlc<vLiardindit

DISDERI (Limited).--New Processes, Patented,
ceded the Phot9-Mczzonit. Photo.Relievo. Sole
Proprietor of these Patents for the whole of the United
Kingdom.

DISDERI (Limited).---NUTICE.—By a NEW
PROCESS of gr. DISH, E,lti'S the CARTE VE VISITE
PORTRAITS are ENLARGED on canvas to any size. The
public can thus obtain a photographic drawing by means of
which skilful artists attached to the house can, on simple ba-
roness is valuable in this respect, that It
dications—such as the colour of tile complexion, the eyes and
the hair—obtain a splendid and truthful oil painting. Mr.
avoids the tediousness or long sittings, and also adds to the
Diaderi's new P
ge
Lovdard,des tallens.Gloucester-road, Old Bromp-
charms of oil painting the great advantages of the truthful-
Saloons and studios, 70,
n7l7asnadn 742 a, secure, 9 &photography.
Brook street. Hanover-square ; and for Equestrian
tPoonr-road,; aftartlirse.lol3rodu
le

NEVER FAILING REM KDY.—Frn-
--
DR. SCOTTS LIVER AND BILIOUS
aperient med eine, and as a purifier
c.roed wPitltiLoLuSt.sn—yAnlerunrial, ingredient, from the recipe of Dr.
it,
of Bromley, Kent, wi.l be found invaluable to all who
;utter from bilious and liver somplaints, inligeston, wind,
,rehma, giddiness, diszine" ni the erg, &c. For habitual
they arc truly excellent; mild in their opera-
tion and gmteful
o)ofstthiveenbelsoso,d,as a ternllY
to the stomach, they create appetite, pro-
mote dbiescion, and strengthen the whole nervous system.
Prepared only and s 31d by W. Lambert, Chemist, 8, King
genuine are a square green package. with " WU=
William-street, Charing-cross. London, and by most drug-
gists, in boxesis. lid., and three, times the quantity in one,
2s. Id. Be acre to ask for Dr. Scott's Bilious and Liver Pills.
The
Lambert." engraved on the etsarnp.

TEA IS CHEAPER THAN EVER.
Is. 6.1., 23., 2s. 6d. per lb. are the prices at which
• PHILLIPS and CO.,
Tea Merchants, 8, King William-street, City, London, EX..
are selling good and fine
BLACK TEA.
A price current post tree. 40s worth Carriage free to any
Railway Station or Market Town to the United Kingdom.
All goods carriage tree to all parts of London.
observe— PHILLIPS and Co. have no Agents.
Sugars are supplied at market peels*. -

T'EE TH.—Messrs. GABRIEL.
(ESTABLISHED 1315).
NEW PAMPHLET, FREE BY POST FOR FOUR STAMPS,
Explaining the Painless System of Dentistry, and
self-adhesive Teeth without springs,
AT MODERATE CHARGES.
* * M, LUDGATE-HILL, CITY, London'
'P.* A, Harley-street, Cavendish-square,
134, Duke-street, Liverpool.

SPORTING, INTELLIGENCE.

lIIINGERFORD MEETING-THURSDAY.

The Ladies' Plate of 50 sovs, for all age& Three-quarters

of a mile.
Mr. Chaplin's Volunteer, by Alarm—lona, aged, 9st 131 b
(Custance) 1
Mr. E. Brayley's Miss Alice, 3 yrs, 6st7lb 111 b.. .(H ClPinfold arke) 2
Mr. England's Miss Fanny, 3 yrs, 6st ...... () 3
The following also ran :—Hopvine, Fortuna filly, Tina,
Wild Dayrell, Maesgwatha, and Placid colt.
Betting-7 to
.4 on Volunteer, 5 to 1 agst the Fortuna
filly, and Bto 1 each agst Hopvine and Miss Alice. Won
in a canter by three lengths. _
ThirHungerford Stakes of 5 sovs eaolly with 40 added;
for two-yr-olds ; colts, Bst 101 b; fillies, Bst 71b. Penal-
ties and allowances. 5 furlongs. 11 subs.
Mr. Chaplin's Veda, by Lambton—Christabelle, Bst 71b
(Custance) 1
.
Mr. Mould's Pdaesderwen, Bst 101 b (Payne) 2
Lord Alleabury's colt by St. Albans Cantina, Bst 71b
(Cannon) 3

Dunson and the Violet colt also ran.
Betting-6 to 4on Veda, 7to 4 agst Macsdervren, 20 to 1
"bar two'L(offered). Won vory easily by two lengths.
The Woodhay.Stakes of 5 sous each, with 30 added, for
all ages. Selling and other allowances. Three-quarters

of a mile. 8 subs.
Mr. Astley's filly by Newcastle—Fortuna, 3 yrs, 7st
51b (.£10) (Murray) 1
Mr. Chaplin's Woodpecker, 2 yrs, sst 111b(X40) (Jeffery) 2
Mr. Wakefield's Romney, 3 yrs, ist Sib (car. 7st 61b)
(.£4O)
The following also ran :—Easton, Mouchoir, Zoolite,
Watchman, and Canoe.
Betting-7 to 4 agst Woodpecker, sto 2 agst Monehoir,
6 to 1 agst the Fortuna filly, 8 to 1 agst Zoolite, and 10 to
1 agst any other. Won by a neck from Woodpecker, who
was a similar distance in advance of Romney. The
winner was bought by Mr. Sherwood for 160 guineas.
The Craven Stakes, a handicap Of 5 sovs each. 2 ft, with
40 added, for all ages ; winners extra; ono mile and a
distance. 9 subs.

Mr. W. Treen's Duet, by Trumpeter—Styria, 4 yrs, Bst
(Clement) 1
Mr. E. Brayley's Wild Dove, 4 yrs, Sat 91b ...(Cannon) 2
Mr. B. Land's Rinaldo, 5 yrs, Bst (Viney) 3
Mr. Brewer's Musa, 3 yrs, Bst 41b (Payne) 4
Betting-2 to 1 agst Musa, sto 2 agst Duet, and 3to 1
each agst Rinaldo and Wild Dove. Won easily by two
lengths.
A Selling Stakes of 3 sovs each, with 20 added, for all
ages ; selling and . other allowances ; half
9 subs.
Mr. Fuller's Reindeer, by Mountai❑ Deer—Sultanh,
aged, 9st (£3O) (Cannon) 1
Mr. IL Wright's Metallic, 3 yrs, Bst 41b (£3O)
(If. Clarke) 2
Mr. T. Stevens's Premier, 3 yrs, Bst 41b (£3O) (Payne) 3
The following also ran :—Biddy, Cobra Capella, Zoolite,
c by Primo Minister—Actress, and Miss Fanny.
Betting-6 to son Reindeer. Won easily by two
lengths. The winner was Nought in for 120 guineas.

The Borks and Wilts Stakes of 10 soya each, 5 ft, 2 only
if declared, with 50 added ; winners extra ; two miles

and a distance. 12 subs, 4of whom pay 2 sous each.
Mr. W. Treen's Duet, 4 yrs, Est 101 b (inc. 31b extra)
(If. Clark 1
Mr. A. Taylor's Pepper's Ghost, 5 yrs, Est 101 b (Bolton 2
Mr. J. Rogers's Nabocklish, 6 yrs, Gst 91b (Jeffery 3
The following also ran :—Pas do Charge, Cormorant,
and cby Vedette—Crosslanes. _ .

Betting-5 to 4 agst Duet, 4to 1 agst Nabocklish,
6 to 1 agst Pas de Charge, and 20 to 1 (at first 2 to 1) agst
the Crosslanos colt. Won in a cantor by two lengths
from Pepper's Ghost, who finished with a rush, and de-
feated Nabocklish by a head for second place.

LIVERPOOL SUMMER MEETING—THunsDAT.
The Stanley Nursery Stakes (handicap) of 5 soya each, 2
ft (to tho fund), with 50 added ; winners after July 2,

at 11 a.m., 101 b extra. T.Y.C.
Mr Alliugton ns Torch, Bst 101 b
Mr W. E. Taylor's Sorrell, 6st 81b .. , (Cameron) 2
Betting-6 to 4on Sorrell, who was beaten by half a length.
A Selling Stakes of 5 sovs each, with 30 added; two year
olds Bst 31b, three lOst, four 10st 101 b, five, six and aged,

llst.
Lord Uxbridge's Henrietta, 2 yrg, Gst 41b (Butler) 1
Sir F. Johnstone's La Muette, 2 yrs, 6st 91b ...(Kenyon) 2
Lord Stamford's Phantom Sail, 3 yrs, list 61b (Daley) 3

National Dance and King Charles also ran.

Betting-2 to 1 agst La Muette, sto 2 agst Phantom
Sail, 7to 2 agst Henrietta, Bto 1 bar three. Won by a
head; bad third. The winner was sold to Mr. O'Hara for
70 guineas.
The Molyncux Cup of 300 sovs, by subscription of 10 sovs
each, with 100 added; winners after July 2, at 11 a.m.,

10Ib extra ; one mile. 20 subs.
Capt. Hawkesley's Knight Errant, 3 yrs, fist
moron)(C 1
Mr R. 11. Jones's Skylark, 6 yrs, 7st 121 b (Carroll) 2
Captain Gray's Centaur, 4 yrs, 7st 121b...(T. Ohalloner) 3
Sister to Scottish Chief, Salamanca, Gipsy King, and
Now She's Gone and Left Me also ran.
Betting-5 to 4 agst Knight Errant, 4to 1 agst Gip9y
King, 100 to 15 agst Sister to Scottish Chief, 8 to 1 agst
Skylark, and 10 to 1 agst Salamanca. Won by two lengths;
a head between second and third.
The Great Lancashire Produce Stakes of 10 sow; each, b.
ft, with 100 added, for two year olds; colts, Bst 101 b,
fillies Bst fib ; untrieds allowed 31b, both 51b ; the winner
of the New Stakes at Ascot, July Stakes at New-
market, or of any other two year old stake of 200 Boys
clear 81b, or of any two such stakes 121 b extra ;
all other
winners 41b extra; maidens allowed 51b; T.Y.C. 20

subs.
Lord Stamford's Helvellyn, Bst 21b ............... (J. Daley) 1
Mr F. A. Williamson's New Broom, Bst 51b cr. French) 2
Mr C. Peek, jun.'s Bright Vision, 7st 121 b ...... (Carroll) 3
William also ran.
Betting—Even on Now Broom, 6 to 4 agst Helvellyn,
and 10 to 1 agst any other. Won by two lengths ;
bad
third.
Tho First Craven Biennial Stakes of 10 sovs each, with
100 added for three year olds ; colts Bst 10Ib,
fillies 8
Glb ; winners of a stake value 100 sovs 31b, 200 51b, 400
or of his stake in 1866 71b extra; maidens allowed 71b ;
penalties accumulative up to 101 b; one mile a a quar-
ter ; 18 subs.
Mr Herbert's Frost., 9st 31b (inc. 71 e
b 0x).,.(T. Challoner) 1
Mr Barber's Tumbler, Bst 131 b (inc. 3lb x) ...(J. Daley)) 2
Mr C. Peck, jun.'s, Beanstalk, Bst 31b (allowed 71b)
(fleartfield) 3
Betting-100 to 30 on Tumbler, 6 to 1 agst Frost, 10 to
1 agst Beanstalk. Won by half a length : bad third.
Her Majesty's Plato. Two miles.
Lord Stamford's Feodor, 3 yrs, Bst 31b .......
.(J. Daley) 1
.
Mr. Flight's Viscount St. Alban's, 3 yrs, Bst 31b (Morris) 2
Betting-7 to 4 on Feodor. Won is s cantor by six
lengths.
The Grand Stand Stakes of 25 sovs each, for three year
old fillies; Bst 101 b each; those by untried sires or from
mares which never bred a winner allowed 31b, both 61b
a winner of a three year old stake of 1,000 sovs 71b ;
second 81b extra; three quarters of a mile; 6 subs, 1
paid 5 sovs ft.
Lord Stamford's b f by Lord of the Isles —Duicibella, 3 yrs,
Bst 71b (Kenyon), walked over, and divided the forfeits
with Mr Barbers Susan.
The Sefton Stakes of 25 sovs each, for throe year old colts;
Bst 131 b each; those by untried sires or from mares
which never bred a winner allowed 31b, both 61b ; the
winner of a three year old stake of 1,000 sovs 71b ;
second 31b extra; three quarters of a mile. 6 subs, 3
paid 5 sovs ft.
Mr Barber's Tumbler, Bst 101 b .........
............ J . Daley 1
Captain Willialas Knightsbridge, Bst 101 b .m (.0(1'03) ) 2

The Rifle Volunteers encamped at Wimbledon
will furnish a guard of honour of 100 men, under a
field officer, at the south entrance to the camp, where
the field guns of the lat Middlesex Artillery Volun-
teers Corps will also be stationed, for the purpose
of firing three salvoes on the arrival of the Bel-
gians.

The parade ground in front of the Grand Stand
will be kept by detachments of Volunteer Corps
encamped at Wimlgedon.
The remainder of the force in camp will assemble
on the parade ground, where they will be posted in
accordance with orders which will be issued at the
time.

When the Belgians arrive opposite the Grand
Stand they will be drawn up in several lines, with a
view to being inspected by his Royal Highness the
Prince of Wales.

The infantry of the Hon. Artillery Company will
furnish a guard of honour of 100 men, with band,
under the command of a field officer, to receive his
Royal Highness, and will be posted on the right of
the Grand Stand.

On the approach of his Royal Highness the field
guns of the Hon. Artillery Company will fire a
Royal salute of 21 guns.
After his Royal Highness has received the salute
he will ride along the ranks of the Belgians, and
then return to his place in the centre of the parade.
The Belgian officers will be called to the front,
and addressed by his Royal Highness, after which
they will resume their posts in the ranks.
The Belgians will then face to the right, and,
countermarching to the left, defile in fours past the
Prince of Wales, who will distribute the badges as
the troops pass him.
The line will be reformed, and, as his Royal High-
ness quits the parade ground, another royal salute
will be fired by the Hon. Artillery Company.
GEORGE ERSKINE, Colonel.
War-office, July 11.