The Sun.
London, England, 1867-07-10 00:00:00

BROKERS.

Messrs. P. Cazenove and Co., 52, Threadneedle-street, E.G.
Messrs. Foster and Braithwaite, 27, Austinfriars, E.C.
'SECRETARY (ad interim)—John C. Deane, Esq.
Temporary Offices-26, Old Broad-street, London, E.C.
The object of this Compally 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
ususlly 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 communica-
tions.
Under a well-organised systorn 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 line of telegraph from
Susa (where the French lines terminate) to Modica, in
Sicily, to bo worked by English clerks appointed by this
Company.
2. The 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 line of the Mediterranean Ex-
tension Telegraph Company ; but the Italian Government
have granted a concession which vested in this
Company for continuing their independent line from Sicily
by a submarine cable direct to Tripoli, or other point ou
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.
Tho direct route from Loudon to Suez will, it is antici-
pated, be iu actual work during the present year, and the
Company have entered into a contract with the Telegraph
Construction 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; £95,000 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 line to be completed
in the course of next year, or at latest in the May follow-
ing.
It will be seen, 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 au 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
Theme r c i
numbera l as
transmission of messages.
well
of as national e
s ms ages
ttransmitted
It is scarcely necessary to remark upon the vast
importancecom-
mercial
teo!
betweenthi s
E undertaking.ugland
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 r.s now pro-
posed the number of messages by the n y line will at once
be treble those now sent.
Tho 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 Ccimpany will be .Cl, 500 per annum, to be increased
to £5,000 on completion of this Company's the
higher line to India,
higher rent being payable only whilst the submarine line is
in work. The 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 ls. per message of twenty words from London.
to Bombay, as follows

ANNUAL RECEIPTS.
Proportion duo 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) £58,550
....................................
Proportion due to the lines between Susa and
•
Bombay (6,307 miles) in respect of traffic
between England and India—estimated at 100
messegl3s per day each way, averaging 30
words each

Gross receipts £504,760

ANNUAL EXPENSES.
Rent to English Government for Malta
and Alexandria Line ..................... £15,000
for maintenance
on Malta and 000
Ditto to Telegraph to
.n.!a...?.0..n.).p..a.t.).y.
5,
Special((imn aclxui
Reserve
m (including
r vaoeuFot
inuannytd)
Alexandria Line as provided by the
lease) of the whole of the Company's
Lines, as hereafter explained, sly.— 325,000
Working expenses 30,000

175,000

Not revenue per annum £329,760
This revenue will yield a dividend exceeding £25 per
cent. per annum upon £1,300,000, which it is anticipated
will cover all the operations of the Company now proposed
between England and Bombay.
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 only, those
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 unquestionably develope additional traffic in
nompany's
a larger
Ipi rnoepsowr tiilol np
ot os s
et !Ise
afbauc inl
di tai enst
ciaiffpoaredi et
yd , f andor
n
e a
rt hieng -
profit at greatly reduced charges.
It is proposed immediately upon the completion of the
cable to Bombay to establish land wires along the lino of
railway from thence to Calcutta. These 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 new
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 anal
Bombay, as and when the several sections are opened for
traffic and transferred to this Company, for al period of
ten years certain, on equitable and mutually beneficial
terms. For the 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
be credited each year to a reserve fund in the joint
names of the two Companies, which fund, after meeting
the actual cost of repairs and maintenance, is to accumu-
late until the clear amount thereof, after deducting all pay-
ments made or due therefrom, but including vessels, cable,
stores, Ste., then forming part of such fund, not exceeding
£lOO,OOO in value, shall amount to £350,000, after which
the surplus from time to time 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 copieeof tin articled of usootiva and

•TIIE ANGLO-INDIAN TELEGIZAPII COMPANY
(Li Mited).
No
FORM OF APPLICATION FOR ORDINARY MARES.
(To be lift with the Bankers.)
To the Directors of the Anglo-Indian Telegraph Company

(Limited.)
Gentlemen,—Having paid to, your bankers the sum of
£ , being a deposit of £1 por share, I request that you
will allot me shares, of £2O each, in your Com-
pany, upon the terms stated in your prospectus ; and I
hereby undertake to accept the said shares or any smaller
number which you may 'allot to me, and I agree to pay the
calls thereon and to become a member of the Company,
and to sign the articles of association when required, and
I request you to place my name on the register of mem-
bers in respect of the shares which may be allotted to me.
I ana, gentlemen,
Your obedient servant,
Name in full..a
Address in full
Signature
Date

THE ANGLO-INDIAN TELEGRAP.II COMPANY
(Limited).

No •
FORM OF APPLICATION FOR FULLY PAID-UP SHARES.

(To be left with tho Bankers.)
To the Directors of the Anglo-Indian Telegraph Company

(Limited).
Gentlemen,—Having paid to your bankers the sum of
, being a deposit of £1 per share, I request that
you will allot me shares of £2O each in your Com-
pany, upon the terms stated in your prospectus, to be fully
paid up ; and I hereby undertake to accept the said
shares, or any smaller number which you may allot to me ;
and I agree_to pay up, on allotment, the full amount thereof,
and to become a member of the Company, and to sign the
articles of association when required; and I request you
to place my name on the register of members in resp3ct of
the shares which may be allotted to me.
I am, gentlemen,
Your obedient servant,
Name in full
Address in full

s ignaturo
Dato

DEAFNESS.-- The ORGANIC VIBRATOR—
WITII INSTRUCTIONS FOR US USE.—
It fits into the ear, not perceptible, removes singing
noises in the head, and enables deat persons to hear at public,
assemblies. Every other kind of hearing instrument. Nume-
rous testimonials for inspection. -S. and S. SOLOIIONS, 311,
Albemarle street, Eicca illy.

TEA IS CHEAPER THAN EVER.
15. 6L, 25., 2s. 61. per lb. are the prices at which
PHILLIPS and CO.,
Tea Merchants, 8, King William-street, City, London, E.C..
are selling good and tine •
BLACK TEA.
A price current post free. 40s worth carriage free to any
Railway Station or Market Town in the United Kingdom.
All goods carriage tree to all parts of London.
Observe-- rilinfars and Co. have no Agents.
Sugars are supplied at market prices.

SALE OF MACHINERY.
CONTRACT DEPARTMENT, ADMIRALTY, SOMERSET
HOUSE, July 6, 1867.
THE COMMISSIONERS for EXECUTING
_IL the OFFICE of LORD HIGH ADMIRAL of the
UNITED KINGDOM of GREAT BRITAIN and IRE-
LAND do hereby give Notice, that on TUESDAY, the 23d
instant, at Two o'clock, they will be ready to receive sealed
TENDERS for the PURCHASE of several LOTS of
MACHINERY taken from her Majesty's ships Foxhound,
Flying Fisb, Tartar, /Etna, and Trusty, lying in Wool-
wich Dockyard.
Catalogues and conditions of sale may be obtained here,
and at 11.31.'s Dockyards at Deptford and Woolwich.
Persons wishing to become purchasers must apply to
the Commodore Superintendent of ll.M.'s Dockyard at
Woolwich for notes of ;Omission to view the same.
No Tender will be received after Two o'clock ou the day
of treaty, nor will any be noticed unless the party attends,
or an agent fcr him duly authorised in writing, to make a
deposit of 25 per cent. or the amount of the Tender.
Every Tender must be addressed to the Secretary of the
Admir.lty, and bear In the left-hand corner the words
" Tender fcr Machinery," and must also be delivered at
the Department of the Storekeeper-General, Admiralty,
Somerset Rouse.

By order,
ANTONIO BRADY,
Registrar of Contracts and Public Securities.

AdasrtrGoiNtiphGeo
l'ilSrrooPiße
rSal,i;ANotrhewlNichSEaClT DESTROY-
lawiardEePrize Medal was
International Exhibition,
1862.
This powder is quite harmless to animal life, but is un-
rivalled in destroyinz Fleas, Bugs, Flies, Cockroaches,
Beetles, Gnats, Mosquitcm, Moths in Fins. and every other
species 01 insect'. Spot tsmen will find this an invaluable
remedy for destroyin, Fleas in their Dogs, as also Ladies
for their Pet Dogs. Being the Original Importer of this new
inra uable article, which bas bound Fo great a sale that it has
tempted others to vend a so-cal!ed article, the nubile are
therefore cautioned toobserve that the packets of the genuine
powder bear the auto„raph of THoatAs KEATING.
Sold in packets Is., tins 2s. 6/. and 4s. 6d. eae6lyoonrries...
packets, free by poAt for 12 postage staraPa• and ps •
coipt of 36. Also in bottles Is. 2d., and with bellows le. 6d.
and 38, each, by
•

TIRMIAS KEATING, Chemist,
97, St. Paul's Churchyard, London,

THE BEST REMEDY FOR ISPIGE3TION.
NORTON'S CAMOINTILE PILLS are confi-
dently recommender as a simple but certain
the Remedy
for Indigestion, which 1. the cause of nearlyall diseases
to which we are subject, being a medicine 09 uniformly grate
fut and beneficial, that it. is with justice called the "Natural
Strengthener of the human Stomach." Norton's Pills"
act as a powerful tonio and gentle aperient; ar3 mild in their
operation, safe under any circumstances. and thousands of
persons can now bear testimony to :he benefits to be drive
from their use, as they have been a never-tailing derived
Friend for upwards of 20 years.
Sold in bottles at ls. lid , 2s. Lid.,and 115. each, in every
*
town in the kingdom.
persuaded to CAUTION. " and do not be
Be sure and ask for "NORTON'S PILLS,
have sprung up in consequence of the success ot NO RTON'S
CAIIIOMILE PILLS.
purchase any of the various imitations whi&l

DR. scorns LIVER AND BILIOUS
cared without any
PILLS.--® NEVEM FAILING RHMEDY.—Pre-
.:ostiveness, as a family
Stott, of Bromley, Kent, will be found invaluable to all who
suffer from bilious and liver complaints, indigeation, wind,
mercurial Int,mredient, from the recipe of Dr.
spasms, giddiness, dizziness of the eyes, &a For habitual
Jf the blood, they are truly excellent; mild In their opera-
tion and grateful
guts, in boxes,ls. lig.,
to the stomach, they create appetite, pro-
Prepdigestion, and strengthen the whole nervous system.
ared only and slld. by W. Lambert, Chemist, 8, King
William-street, Charing-cross. London, and by most drug-
aperient medicine, and as a puriger
21. 9d. Be sure to ask for Dr. Scott's Bilious and Liver Pills.
The genuine are a square green pas e. with " William
Ln,,bert," curraved In the stamp.
and three tivaes the quantity in one,