The Sun.
London, England, 1861-11-16 00:00:00

TELEGRAPH TO INDIA COMPANY
(Limitcd).

Capital £lOO,OOO, in 60,000 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 Companies Act.
CHAIRMAN—Sir MACDONALD STEPHENSON.
DIRECTORS.

Philip Patton Blyth, Esq., late of the Mauritius.
Sir George Bonham, Barr., K.C.8., late Governor of Hong
Kong.
The Hon. James Byng, Chairman cf 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.
Captain W. H. Hall, R.N., C. 8., Director of the Peninsular
and Oriental Company.
John Farley Leith, Esq., late "of Calcutta, Chairman of the
Eastern Beng•al Railway Company.
Alexander Wilson, Esq., F.R.S., late of the Hon. E. I. Co.'s
Civil Service, Madras.
(With power to add to their number.)
AUDITORS—J. A. Franklin, Esq., and A. S. Wildy, Esq.
SOLICITORS—Messrs. Freahflelds and Newman.
BRORERS—Messrs, Knight and Coleman, 1, Royal Exchange
Buildings.
ENGINEERS—Sir Charles Bright and Latimer Clark, Esq.
BANKERS—The London and County Bank.
SECRETARY—C. L. Peel, ESQ.
OFFICES-62, Moorgate-street, E.C.

The Government have agreed to transfer the line, stations,
and property of the Red Sea and India Telegraph Company
to the new Company on the following terms :-
Ist, That the cables, land lines, instruments, stations, con-
cessions, &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 endeavours
to repair the line and to work it 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 a suitable 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 reimburse
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 Govern-
ment ; and the Government is to have the right (subject to
arbitration) of disallowing working expenditure which they
may consider excessive.

all. 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 re-
paying the capital actually expended by the new Company.
Should the Government not exercise this right, the Com-
pany are to be at liberty to dispose of the property to reim-
burse 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 reasonable allowance of time for restoration.
7th, All differences between the Government and the Com-
pany to be decided by arbitration.
Bth. This arrangement presupposes the concurrence of' the
shareholders of the old Company in the terms proposed to
them by her Majesty's Government ; any Parliamentary
powers necessary to give effect to these arrangements are to
be obtained by her Majesty's Government.
Forms of applications for shares and information may be
obtained at the offices, or from the Company's Brokers,
Messrs. Knight and Coleman, No. 1, Royal Exchange-
buildings.