The Sun.
London, England, 1859-02-08 00:00:00

It , Temporary Offices-141, Fenchurch-street.
is proposed to establish the above company for the pur-
Pose of sending out from this dountry steamers to navigate
the inland rivers of India.
,The profitable nature of such an undertaking ,has been
ineed beyond all doubt by the fact that an association, "The
India General Steam Navigation Company," hasjust declared
a dividend of upwards of 100 per cent.
The following extract from a leading article of the" Times,"
of the, 29th January, points out in very forcible language the
profitable nature of an undertaking such as the one proposed.
"But what do we now hear froM India? They wonder
there what our shipbuilders are about. Month after month
they are expecting the steamers that are to come. The In-
dian General Steam Navigation Company declares this month,'
says our correspondent, a dividend of 100 and upwards per
cent. The home Government had been requested to send out
six river steamers, and it had sent out only one, which, it
said, would be enough Next month,' continues our infor- '
mant, • the Indian Government had to engage all the freight
of six for two trips at a price which would have bought the
new vessels wanted twice over.' There is room and work,
we are told, for 300 steamers on the Ganges alone, flowing as.
it does through a territory with a population of 350 to the
. square mile, with an export trade of £16,000,000, and
an internal trade beyond human calculation. Yet, with this
vast opening before us, there are found men in the prime of
life, neither schoolboys nor dotards, who can west their time
in holding meetings and memorialising Government to find
them customers for their shipping. Many a time ere this has
war ministered to peace, infusing a quicker element into its
idle, dreamy soul. To this mutiny, perhaps, we owe the real
opening of the Indian navigation to British enterprise, and
the railways which are certain to follow. But, verbum sat,
We have said enough to start our shipbuilders and .ship-
owners if they are Englishmen."
The East India Steam Navigation Company (Limited) will
have the advantage of commencing its operations with an
entirely new fleet of steamers, constructed on the latest and
Most improved principles.
The deep interest which the Government of India and the
various Indian Railway Companies must naturally have in the
success of this undertaking, promises to the proprietors an
amount of support not usually commanded by public com-
panies.
The affairs of the company will be managed in the manner
adopted by the " Peninsular and Oriental Steam Company,"
e and the various Indian Railway Companies, that is by a board
of directors in London, and an agency and superintendents in
„ Application for shares must be accompanied by the bankers'
40.teelpt for the sum of 10s. for every share applied for. Forms
the Company, may be obtained at the Temporary. Offices of
and at the brokers and bankers.

EAST INDIA STEAM NAVIGATION
COMPANY, " LIMITED."
,‘..
ON.O FURTHER APPLICATIONS for SHARES in this
ANY will be received after TUESDAY, the 15th inst.

ORIENTAL INLAND STEAM COMPANY
I'AD (Limited) for the NAVIGATION of the RIVERS of
(Under Subsidy from the Indian Government.)
Capital—£250,000, in 25,000 Shares of £lO each.
Now proposed to be increased to £500,000.

TRUSTEE.
Oleg Allan, Esq., Managing Director of the Peninsular and
Oriental Steam Navigation Company.
Mall—Colonel Grimes,DIRECTORS
Norwood, and Ampthill Lodge,
Southampton.
dohn
°unle, s., 9, Billiter-street.
Captain P. Vere Cotton, R.N., Alport House, Whitchurch.
aptain NV. 11. Hall, R.N., C. 8., Director of the Peninsular
and Oriental Steam Navigation Company.
j.aPtain J. C. Hoseason, R.N. Highbeech, Essex.
Sir Kennedy, E late of Bury, Curtis, and Kennedy. h„
encer gin,Director of the Oude Railway Com-
pany, Kew.

MANAGING DIRECTOR.
John Bourne, Esq.
AUDITORS.
John Glenny, Esq., Strand.
George May, Esq., Gresham House.

Messrs. SOLICITORS.
H. R. Hill and Son, Throgmorton-street.
Messrs. BANKERS.
Williams, Deacon, and Co., Birchin-lane.
SECRETARY.
John Mathewson, Esq.
Offices : 9, Billiter-street, London.
The Directors ve ntice that, in conseuen of the great
and undiminished give
demanod for Steam Vessels upon the Indian
fivers, and the wide field presenting itself for their profitable
,ployment, they have resolved to double the capital of the
'ftpany.
The Directors have the satisfaction of announcing that the
steamers and barges, consi stin of twlve vessels i all, which
they forwarded from this country ine August last, have now
arrived safely in India, and will commence plying upon the
avers without delay. An equal number of vessels of still
aspoe,ate power is at present in preparation, and will be sent
L soon as possible.
Before embarking in the present undertaking the Directors
584 not only satisfied themselves of its eminently profitable
natare, but they had secured for it the marked co-operation
ande Indian Government, by the acquisition of a subsidy;
,the Government both by the gift of land for stations,
_orKshops, and depots, of wood for fuel, and in every other'
4Y, has rendered every possible aid to the present under-
,`;:ag• M the sane time the Directors have insured com-
in't eXemption from Gove/nment control and interference ;
seas this is the only Company so distinguished which lios-
-8 an, Government support.
the c Directors have the satisfaction of finding* that not only
Reports of the Company's servants in India, but the
levoh,o_l2 concurrent testimony of the ad ices received from that
able/nrY, through whatever channel, completely confirms the
able anticipations they long since formed of the profit-
:le.charaeter of the present undertaking. It would be im-
vossible, however, within the limits of an advertisement, to
i3lapitulate the numerous evidences of this truth which the
sekrfa are constantly receiving ; and they content them-
jaTTlhere fore, with giving the following quotation from a
„leading article in the "Times," which shows that simi-
I,..:::tiiosr7tion had been reaching that paper
uulan correspondents. through its
From the Times,' Jan. 29, 1859.
rend —°` Only Government but the whole nation that seems
sa• Any day during the last year we might have filled
aßrneolunins with the complaints of shipbuilers at the de-
ie of their trade, owing pia a great measured to the happy
rerrninatiou of the' Russian War. But what do we now hear
seat. ? They wonder there what our shipbuilders are
are t _. Month after month they arc expecting the steamers that
declare° ""ae• The Indian General Steam Navigation Company..
14100month,' says our correspondent, a dividend
been nu. upwards per cent. The Home Government had
os, requested to send out six river steamers, and it had sent eon't°ulY one, which, it said, would be enough." Next month,'
inues our informant, the Indian Government had to en'-
gage all the freight of six for two trip 3 at a price which would
;.'we bought the new vessels wanted twice over. There is
~(1),,°41 and work, we are told, for 300 steamers on the Ganges
tiOr' fl°Tving, as it does, throutrh a territory with a popula-
-410 2 30 to the square mile, with an export trade. of
Yet'ws°ooo, and an internal trade beyond human calculation.
With this vast opening before us, there are found men in
Prime of life, neither schoolboys nor dotards, who can
waste their time in holding meetings and memorialising, Go-
nr,ninent to find them customers for their shipping. Many
'el,,(.lrae ere this has war ministered to peace, infusing a quicker
We owe
into its idle, dreamy soul. To this Mutiny, perhaps,
;towe the real opening' of the Indian navigation to British
ve grPrise, and the railivays which are certain to follow. But
r inn sat ; we have said enough to start our shipbuilders
...IshiPowners, if they are Englishmen."
.11e
they
have all along felt that neither the vessels
,7,11 ch they have already sent to India, nor those which they
r'e'lave at present in preparation, could do much to satisfy the
I,?lnat want of Inland Steam Navigation which exists in that
itrY. But they have also all along felt that the only safe
I_l3' of `entering* upon such an undertaking was not to rush
_„"te it with sanguine precipitation, but to advance with gra-
Tial and cautious steps and without being dazzled by the
rer'large prospect of profits'it holds out. The first steps, how-
, having been successfully taken, the whole of the exist-
';e9,' Shares in the Company having been allotted, and being
ItE a premium in the market, and the field being so large as to
require a large capital to work it in an efficient manner, the
Directors are of opinion that the time is come when the capi-
tal of the Company may be advantageously increased, and
they have, therefore, resolved to' raise the capital to half a
/Zillion sterling without delay.
Applications for the new Shares must be forwarded to the
Directors, at the offices of the Company, 9, Billiter-street,
London, on or before the 28th day of February next ; and
existing Shareholders will have a preference in the allotment.
catA deposit of two shillings per Share to be made on appli-
on.

FORM OF APPLICATION FOR SHARES.
To the Directors of the Oriental Inland Steam Company
(Limited).
taGentlemen,—I request that you will allot to me of the
w issue of Shares in this Company ; and I hereby under-
cc to accept the same or any less number that may sig
n
the to me, to pay the calls thereon when due, and to sign
4e Articles of Association when required.
I am, ge.itlemen, your obedient servant,

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