The Sun.
London, England, 1859-02-07 00:00:00

This day is published,
AD A M
By GEORGE ELIOT,
Author of " Scenes of Clerical. Life."
Three Vols., post Bvo., £1 lls. 6d.,
Wm. Blackwood and Sons, Edinburgh and London.

E D E

ORIENTAL INLAND STEAM COMPANY
(Limited) for the NAVIGATION of the RIVERS of
INDIA. (Under Subsidy from the Indian Government.)
Capital—.£2so,ooo, in 25,000 Shares of £lO each.
Now proposed to be increased to £500,000.
TRUSTEE.
James Allan, Esq., Managing Director of the Peninsular and
Oriental Steam Navigation Company.
DIRECTORS.
Chairman—Colonel Grimes, Norwood, and Ampthill Lodge,
Southampton.
John Bourne, Esq., 9, Billiter-street.
Captain F. Vere Cotton, R.N., Alport House, Whitchurch.
Captain IV. 11. Hall, R.N., C. 8., Director of the Peninsular
and Oriental Steam Navigation Company.
Captain J. C. Hoseason, R.N., Highbeech, Essex.
James Kennedy, Esq., late of Bury, Curtis, and Kennedy.
Sir John Spencer Login, Director of the Oude Railway Com-
pany, ew.

MANAGING DIRECTOR,
John Bourne, Esq.
AUDITORS.
John Glenny, Esq., Strand.
George May, Esq., Gresham House.
SOLICITORS.
Messrs. 11. R. Hill and Son, Throgmorton-street.
BANKERS.
Messrs. Williams, Deacon, and Co., Birchin-lane.
SECRETARY.
John Mathewson, Esq.
Offices : 9, Billiter-street, London.
The Directors give notice that, in consequence of the great
and undiminished demand for Steam Vessels upon the Indian
rivers, and the wide field presenting itself for their profitable
employment, they have resolved to double the capital of the
Company.
The Directors have the satisfaction of announcing that the
steamers and barges, consisting of twelve vessels in all, which
they forwarded from this country in August last, have now
arrived safely in India, and will commence plying upon the
rivet> without delay. An equal number of vessels of still
greater power is at present in preparation, and will be sent
out as soon as possible.
Before embarking in the present undertaking the Directors
had not only satisfied themselves of its eminently profitable
nature, but they had secured for it the marked co-operation
of the Indian Government, by the acquisition ,of a subsidy ;
and the Government, both by the gift of land for stations,
workshops, and depots, of wood for fuel, and in every other
way, has rendered every possible aid to the present under-
taking. At the same time the Directors have insured com-
plete exemption from Government control and interference ;
and this is the only Company so distinguished which pos-
sesses any Government support.
The Directors have the satisfaction of finding that not only
the Reports of the Company's servants in India, but the
whole concurrent testimony of the advices received from that
country, through whatever channel, completely confirms the
favourable anticipations they long since formed of the profit-
able character of the present undertaking. It would be im-
possible, however, within the limits of an advertisement, to
recapitulate the numerous evidences of this truth which the
Directors are constantly receiving; and they content them-
selves, therefore, with giving the following quotation from a
recent leading article in the " Times," which shows that simi-
lar information had been reaching that paper through its
Indian correspondents.
From the Times,' Jan. 29, 1859.
"It is not only Government but the whole nation that seems
remiss. Any day during the last year we might have filled
our columns with the complaints of shipbuilders at the de-
cline of their trade, owing in a great measure to the happy
termination of the Russian War. 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 Indian General Steam Navigation Company
declare 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 informant, 'the Indian Government had _to en-
gage 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 popula-
tion of 350 to the square mile, with an export trade of
£16,000,0000, 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
waste their time in holding meetings and memorialising Go-
vernment 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 shipowners, if they are Englishmen."
The Directors have all along felt that neither the vessels
which they have already sent to India, nor those which they
have at present in preparation, could do much to satisfy the
great want of Inland Steam Navigation which exists in that
country. But they have also all along felt that the only safe
Way of entering upon such an undertaking was not to rush
Into it with sanguine precipitation, but to advance with gra-
dual and cautious step, and without being dazzled by the
large prospect of profits it holds out. The first steps, how-
ever, having been successfully taken, the whole of the exist-
ing Shares in the Company having been allotted, and being
at 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 ihcreased, and
they have, therefore, resolved to raise the capital to half a
million 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 20th day of February next ; and
existing Shareholders will have a preference in tne allotment.
A deposit of two shillings per Share to be made on appli-
cation.