The Sun.
London, England, 1866-03-17 00:00:00

MESSRS. J. S. MORGAN AND CO. ARE PREPARED
TO RECEIVE SUBSCRIPTIONS FOR SHARES IN
THE ANGLO-AMERICAN TELEGRAPH
COMPANY (Limited).
Ineorporo.ted under the• " Companies Act, 1862," which
limits the liability of each Shareholder to the amount of
the Shares subscribed by him.
Capital £600,000, in 60,000 Shares of £lO each.
. Deposit on Application £l
Deposit on Allotment
16th April 3
Ist June.

£lO
tuder arrangements with the Atlantic Telegraph Coln-
154°Y, the Company will be entitled to receive £120,000 per
annum of the earnings from the working of the Atlantic
Telegraph Company's lines, and they will also be entitled
f receive £25,000 per annum from tho New York, New-
()midland, and London Telegraph Company, out uf the
eareings of that Company for through messages.
The agreements between the companies provide for
BPectug.
of conbtingent advantages which are stated in the Pro-

DIRECTORS.
Otorge Peabody, Esq., 22, Old Broad-street
b•thward Cropper, Esq., Swaylands, Penshurst
7Ptain A. T. Hamilton, 12, Bolton-row, Piccadilly
chard Atwood, Glass, Esq., Ashurst, orking
Ratnel Gooch, Esq., M.P., Clewer Park, Windsor
p.e4r37 Bewley, Esq., Willow Park, Dublin
a,1168 A. Bevan, Esq., 54, Lombard-street
"• Altelean, Esq., C.E., 23, Great George-street, West-
nlinser
harkst B. Stewart, Esq 102, Lancaster-gate, Hyde Park,
'7

BANKERS.
Messrs. Barclay, Bevan, Tritton, :Twolls, and Co., 54,
tiorabard-street, E.C.

SECRETARY (PRO TEM.).
J. C. Deane, Esq.
„ The whle of the deposits on shares will be returned to
the subscribers if two-thirds of the capital of the company
are not subscribed.
Copies of the Memorandum and Articles of Association
pi be inspected at the counting-house of Messrs. J. S.
.bt.organ and Co., and Contracts at the offices of Messrs.
'lreham and Co., 46, Parliament-street.
Prospectuses and Forms of Application for Shares can be
oht
ainpd from Messrs. J. S. Morgan and Co., 22, Old Broad-
ea tl to whom applications must be made and the deposit
1 per share paid.
Should a less number of shares be allotted than is ap-
plied for, the deposit will, so far as required, be appropri-
ated towards the payment due on allotment. If no allot-
mentis made, the amount' aepaiitea will
_be at ,once re;
%lied without deduction.
Ilarch 6, 1866.

A.l`l. GI:Lb-AMERICAN TELEGRAPH
COMPANY (Limited).
,The LIST of APPLICATIONS for SHARES in this
iZslany will CLOSE on MONDAY, the 19th inst., for
"'Lion ; and TUESDAY, the 20th, for the Country.
By Order.
Itarch 15, 1866.

ItEUTER'S TELEGRAM COMPANY
(Limited).
SECOND ISSUE.
Capital £950,000 in 10,000 shares of £25 each.
Issue of the remaining 5,000 shares.
Payable on application, and £4 on allotment. Further
s not to exceed £5 per share, and at intervals of not
less than threeo
months. is not expected that it will
De necessary t call up forlt the present more than £5 per
share.

Joh DIRECTORS.
11, Dent, E. (of Messrs. Dent and Co., China).
eir,dohn Hay, Bart., Chairman of Millwall Ironworks.
°Vile] Holland, Deputy Chairman of the South African
ga n Stkopford, Esq., Director of the Agra and Masterman's
JUl'
lus Reuter, Esq., Managing Director.

The A BANKERS.
IL--gra and Masterman's Bank (Limited), 35, Nicholas-

BROKERS.
Messrs. Walker and Lumsden, 25, Austinfriars.

SOLICITORS.
kessrs. Bischoff, Cox.; and Bompas, 19, Coleman-street.
AUDITORS.
Messrs. Quilter, Ball, and Co., 3, Moorgate-street.
ENGINEERS.
11488113. Porde and Fleeming Jenkin, Duke-street, Adelphi.
SECRETARY.
Frederick. J. Griffiths, Esq.
Offices-1, Royal Exchange-buildings.
PROSPECTUS.
inT,lte Directors invite applications for tbe unissued shares
"cis Company, numbering 5,000, for the purposes here-
after mentioned.
11„kr,, • Reuter, by his personal influence on the Continent,
Pbtained, and has handed over to this Company, a con-
ssien from the Hanoverian Government, giving an exclu-
aright for 30 years to lay down and work submarine
e4raphic cables between the English and Hanoverian
Hi', and the same exclusive right to lay land wires to
Arta important places in Germany, besides other contin-
nt advantages of a very valuable character.
thaUfficial statistics the possession of the Directors show
l'uc number of Imessages between England and Ger-
in the four years ending 1864 had increased 130 per
IC", and in the last two years alone 80 per cent. ; and it
toraatter of notoriety that the existing lines are unable to
tliii/NrBY messages with the expedition which is above all
The desirable in telegraphy.
ae Directors are in a position to state that under the
clad obtained, and the arrangements they have con-
eafr'ed for working it, they will be able to transmit mes-
hes rom. England to the places named below within a few
rites from the time of despatch.
contrraugeraents have been made with the well-known
eo ratters, the Telegraph Construction and Maintenance
ttabliYa,nY, for constructin and laying down the requisite
haa by which the actual cost of all the work to be done
Tbeek 11 accurately determined.
a, 'l'3 Electric and International Telegraph Companyhave
numb to an arrangement by which the use of a certain
berserktab f wires is to be ceded to them for a term of five
tt company guaranteeing the transmission ovo r
1,4. uLartoverian cable of the whole of the messages col-
ker'ed at their different stations in the United Kingdom,
beh 4anover, Bremen, Hamburg, Schleswig-Holstein,
hig-triak, Sweden, Norway, &c.;' and further guarantee-
(l4lo4 raininium amount of business which, under the con-
vrill 118 of the concession, and under normal circumstances,
ee4tPreduce a minimum annual revenue equal to 15 per
Tken the total amount of capital required.
thi," r.tgreements, concessions, and other data on which
the :stiruate is based having been placed in the hands of
they ell-known accountants,Messrs. Quilter, Ball, and Co.,
a 4 certificate of the correctness thereof, annexed :
‘, " No. 3, Moorgate-street, Feb. 23, 1866.
tee,;.lr3-11aving perused and considered the documents
the
„ in the subjoined note relating to the subject of
tiezio"vruPesed Submarine Telegraph between England and
ander, 'we are enabled from the data therein contained
ink 9ther information supplied to us, to state the follow-
the iacts and conclusions respecting the profit results of
undertakin.
to requisite amount of capital will be £150,000 ; that
tam say, £130,175 for manufacturing and laying down the
gene,leaving the sum of £19,825 to provide for contin.-
‘les and working capital.
me Estimating the revenue to be derived under the agree-
eliti,t with the Telegraph Company upon the basis of the
bill,ljunin number of messages guaranteed to be forwarded
'int Company, we find, after paying or reserving to the
Arctlfi.l),any their proportion of the net receipts, that the net
t3taf will aount to at least 15 per cent. per annum on the
amount of the capital required—namely, .E 150,000.
aeli7laving regard, however, to the probability that the
mini traffic of the cable will greatly exceed the secured
eth -,:',11u1, there is reasonable ground forexpecting that
cent teal rate of profit will considerably exceed 15 per
Per annum.
"We remain, sirs, yours faithfully,
"QUILTER, BALL, and CO.
d Wills Reuter, Esq.
f.' °I Documents referred to
Translation of concession granted by the King of
2...,,Rariover to Mr. Julius Reuter.
'-'°P3, of agreement with the Electric Telegraph
B.NC°ll'l3anY• -
cificati on for the manufacture of the cable from
Cromer to Nordemey by Messrs. Fordo and Fleem-
.l. jug Jenkin.
Contract with the Telegraph Construction and
iNtaiutenance Company for the manufacture and
JaYing of the cable in terms of the foregoing spe-
lt • cifieation.
t)1, will thus be seen that the directors have indicated only
4h,oltitiilzum of profit virtually guaranteed to the share-
"le ra,B_, and that there is every reason to anticipate, from
ktaolie"-11Y-inereasing extension of the traffic, that this
ith!lt will be largely exceeded.
lel)ohia8 minimum is, moreover, entirely exclusive and ill-
tleecment of the continually increasing profits of the bus!-
di,trattli.ehased from Mr. Reuter, which will be very consi-
'4ab' augmented by the use of the wire retained by the
vTii.„au,,Y for the purposes of that business.
„'"oro; durability of cables in'shallow waters, such as the
t'ov where the Company's cable will be laid, is
e-alu._3ror perience. They aro as safe, and can be re-
ik)080111:!,
havet as easily, as land w_ires. The existing cables
. 'irk. 1-" I been laid several years, and that between
"it 'll,l Calais 15 years, and they continue at the ernepro-
-1 in good working order.
atesa;ceable will probably be ready for the transmission of
l'heTelegraph end of August next.
to, Construction and Maintenance Company
-▪ g.lre-•'en one-fourth of the amount of their contract in
111)04' cf the n • but the contract with them is based
karh:lt b°, ba demo ashyp'rice, the lowest obtainable in the
• fi,," Jur first-rite work, theconsidering the investment
`o44ltprofitable, and looking to the future profits cf the
Thep 9r remuneration.
op 00 18 no promotion money, nor any commission paid
cve.r to-.ltVn:t_ the concession, Mr. Reuter having handed it
he'tPpi;:, Uompany gratis.
io,tote„, lions for snares to be made in the annexed form,
a 4417111 M
, by a deposit of £1 per share. Should no al-
mactioo‘. be made the amount will bo returned without de-
helpe
ebthietuses, with forms of applications for shares, may
151 the Soled 4t,
tithes.
offices of the Company, of the Brokers,

PO,
-`4 OF APPLICATION FOR SHARES.
Te (To be left with the Bankers.)
the Directors of Reuter's Telegram Compan7
(Lit;aited).
ta4,littleimen „
of r ,—bi.aving paid to your 4 credit with the Agra
titan's Bank the sum of. being a deposit
0487 6hare on
liter's
that you will allot shares of £25 each in
sharesme in the above' Company,. I
1,,41.ee tfees Telegram Company (Limited)," and I hereby
t'fir,4Y alt,,coptthe same, any smaller. number which you
ti4t I.`° me and I request you to place my name tomee
I'lenibers in respect of the shares allotte .
4 an; gentlemen, your obedient servant,
Name in full
Address in full
Profession
Usual signature
1866
Date
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