The Sun.
London, England, 1861-10-26 00:00:00

TELEGRAPH TO INDIA COMPANY
(Limited).
Capital, £lOO,OOO, in 80,000 Shares of £2 each, with power to
increase to £250,000. Deposit 10s. per Share on application
and 10s. on allotment. •
Registered under the Joint Stock Company's Act.
CIIA.IRMAN—Sir MACDONALD STEPHENSON.
DIRECTORS.
Philip Patton Blyth, Esq., late of the Mauritiu..
Sir George Bonham, Bart., K.C.8., late Governor of Hong
Kong.
The Hon. James Byng, Chairman of the South Eastern Rail-
way Company.
William Dent, Esq., late of the Hon. E. I. Co.'s Civil Service,
Bengal.
Frederick Gaussen, Esq., 27, Chester-square.
Capt. W. 11. Hall, R.N., C. 8., Director of the Peninsular and
Oriental Company.
John Farley Leith. Esq., late of Calcutta, Chairman of the
Eastern lkngal Railway Company.
Alexander Wilson, Esq., F.R.S., late of the Hon. E. I. Co.'s
Civil S'ervice, Madras.
(With power to add to their number.)
OFricIAL AUDITOR—J. A. Franklyn, Esq.
SOLiclTOßS—Messrs. Freshfields and Newman.
BRORE.RS—Messrs. Knight and Coleman, 1, Royal Exchange-
buildings.
FaiGINEERS—Sir Charles Bright and Latimer Clark, Esq.
BANitEns—The London and County Bank.
SECRETARY—C. L. Peel, Esq.
OrricEs-62, Moorgate-street, E.C.
The Government have agreed to transfer the line, stations,
and property of the Red Sea and Indian Telegraph Company
to a new Company on very liberal terms. These are in
substance-
-Ist. That the cables, land-lines, instruments, stations,
concessions, &c., belonging to the old Company shall
be made over to the new Company, free from charge.
2d. That the new Company shall use their best endea-
vours to repair the line and to workit when completed,
beginning, with the line between Aden and Kurrachee ;
and are to have possession so soon as two-thirds of the
capital is subscribed, and one-third paid up, and asuit-
able 'vessel despatched with not less than 200 miles of
new cable on board
3d. That the new Company shall be entitled to a clear
dividend out of the profits to 25 per cent. per annum on
the money paid up. And the Government is to have
the power to repurchase the line on repaying the capital
expended, at the expiration of 30 years.
4th. That any surplus profits shall be applied to reim-
bui se the Government for the interest they have paid
and will have to pay annually upon the original capital
expended; after which any further profits which may
accrue will be applied to the creation of a reserve fund.
sth. The accounts of the Company will be audited at the
Treasury half-yearly. After the restoration of the line
any outlay of capital to be subject to the approval of
Government ; and the Government is to have the right
(subject to arbitration) of disallowing working expen-
diture which they may-consider excessive.
6th. In the event of the failure of the Company to restore
or maintain the line in working order the Government
are to have the power of taking it into their hands again
on repaying the capital actually expended by the new
Company. Should the Government not exercise this
right the Company are to be at liberty, to dispose of the
property to reimburse their outlay, the balance, after
defraying the actual expenditure, to be handed over to
the Government. Failure is to be defined to be the
non-working of the line from end to end after reason-
able allowance of time for restoration.
7th. All differences between the Government and the
Company to be decided by arbitration.
Bth. This arrangement" presupposes the concurrence of
the Shareholders of the old Company in the terms pro -
posed to them by her Majesty's Government ; any Par-
liamentary powers necessary to give effect to these
arrario-ements are to be obtained by her Majesty's Go-
vernment.
Forms of application for shares and information may be
obtained at the Offices, or from the Company's Brokers,
Messrs. Knight and Coleman, No. 1, Royal Exchange-build -
ings.

TELEGRAPH TO INDIA COMPANY
(Limited).
NOVICE IS HEREBY GIVEN, That in order to give
time for the receipt of applications for Shares from the
Country. the List will remain Open THIS DAY (SATUR-
DAY), the 26th instant, till Two o'clock; after which time no
application will be received.
By order of the Board.
C. L. PEEL, Secretary.
62, Moorgate-street, Oct. 26, 1861.