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

THE INDIAN • CARRYING COMPANY
(Limited).
Temporary Offices, No. 62, Moorgate-street, E.C. Capital
£lOO,OOO, in 50,000 Shares of £2 each, with power to increase.
First issue, 25,000 Shares. Deposit 10s. per share on appli-
cation, and 10s. on allotment. Registered under "The
Joint-stock Companies Act," with Limited Liability.
Sir Macdonald Stephenson, Director of the East Indian Rail-
way Company.
DIRECTORS.
J. G. Frith, Esq., Deputy Chairman of the Great Indian
Peninsula Railway Company.
P. D. Hadow, Esq., Deputy Chairman of the Peninsular and
odental Steam Navigation company.
Wm. Hartridge, Esq., Deputy Chairman of the Bombay,
Baroda, and Central India Railway Company.
J. F. Leith, Esq., Chairman of the Eastern Bengal Railway
Company.
George Norton, Esq., Director of the Great Southern of India
Railway Company.
John Stewart, Esq., late of Bombay.
James Walker, Esq., Managing Director of the Madras Rail-
way Company.
Alexander Wilson, Esq., Director of the Oude Railway Com-
pany.
OFFICIAL AUDITOR—J. E. E. Coleman, Esq.
SOLICITORS—Messrs. Freshfields and Newman.
BROKERS—Messrs. Robert and. James Sutton, 22, Royal
Exchange.
BANKERS—The London and County Bank, 21, Lombard-st.
SECRETARY—WaIter Thompson, Esq.
Temporary Offices, 62, Moorgate-street.
ABRIDGED PROSPECTUS.
The object of this undertaking is to provide means of trans-
port at the terminal and intermediate stations along the lines
of the Indian railways and steamers, similar to the establish-
ments of Messrs; Pickford and Co. and others engaged in
connection with the various lines of railways in Great Bri-
tain, collecting for despatch by rail, and distributing on its
arrival the enormous amount of merchandise and produce
conveyed upon these linen, for which the existing primitive
native means of conveiance lo7butlllooscskehssaicnkgenryeiatrheertontaelleay
pini.
organise the system
tna
ade
eqssuskaattrleyl andfnorort thheene
ptnue nativeseee
requiredrr s
to
Messrs. Pickford and Co. have liberally placed at the
Board's disposal all the valuable information which their
long and successful experience enables them to supply, and
have otherwise rendered to the Company and promised to
continue all the assistance in their power.
Estimates, carefully pro/oared, based on a comparison of
the outvoings and return; of similar establishments in Eng-
land, with the present Indian rates, after making due allow-
ance for the additional expense of European superintendence
and improved stock, and liberal deductions on account of
ey These
are estimatesbaa edu
pan have
t h aas-
sumption
been
de-
preciation and renewals show a profit fully equal to 25 per
cent. upon the capital errplo
made upon the safe prirciple of calculating the expenditure
abort
stations, while the export trade
t ;101,000 tons are carried annually ae
b
in excess of what is anticipated, and the returns at the lowest
dd.th
ay
o existingiCt ha Calcutta totma that
scalepala l
alone, oetn,al foretyha o aal
lbr
no year, exceeded 725,000 tons.
A deposit of 10s. per !f must be made o application,
and 10s. on allotment. no allotment is madn e, the deposit
will be returned without deduction.
-Payments may be male at the Head Office of the London
and County Bank, or at my of its Branches.
Full Prospectuses ant Forms of Application may be
ob-
tainedloorgaotef.tshtreetßerokers, Cr at the Offices of the Company, 62,
3

TELEGRAPH TO INDIA COMPANY
(Limits d'.
Capital £lOO,OOO, in 5(,000 Shares of p each, with power
to hcrease to £250,000.
Deposit 10s. per Share )n Application, and 10s. on Allotment.
Registered underthe Joint-stock Companies Act.
CIIAIRMAN—Sir iIACDONALD 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 Byxg, 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.
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 Bengal 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.)
AUDTTORS—J. A. Franklin, Esq., and A. S. Wildy, Esq.
SoLiciTous—Messrs. Freghtields and Newman.
BRoliEhs—Messrs, Knight and Coleman, 1, Royal Exchange

Buildings.
ENu,k,,,,—.o4—Sir Chat-I.c Bright and Latimer Clark, Esq.
BANKERS—The Lepdon and County Bank.
SECRF,TARY--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
p, •ssession so soon as two-thirds of the capital is subscribed,
aid one-third paid up, and a suitable vessel despatched with
ne t 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.
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 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 balanc?, 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 arc 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.