The Sun.
London, England, 1868-08-12 00:00:00

the Imperial government of Prance, together with all
their rights under the concession from the State of New
York, and the benefit of the undermentioned agreements,
and to defray all expenses up to the registration c.f the
Company iu consideration of 5,000 fully p lid Share, to
be allotted to them whenever the Cable shall have been
successfully laid, and shall have co:atinued to work satis-
factorily for 30 days. They will also be entitled to receive
one-fifth part of the surplus net profits in each year, after
setting aside a reserve fund, equal to 5 per cent. of the net
profits, and after payment of a dividend of 10 per cent. to
the Shareholders. These contingent profits will, for con-
venience, be attached to a portion of the fully paid shares.
It will be seen from this that the Concessiodaires look only
to the success of the undertaking for their remuneration,
and for the aepayraent of the expenses they have already
incurred.'
Copies of the Agreements and of the Memorandum and
Articles of Association, and of the Concessions, lie for in-
spection at the Offices of the Solicitors of the Company,
Messrs. Bischoff, Coxe, and Bompas, 19, Coleman-street.
Prospectuses and Forms of Application fur Shares may
be obtained at. the Offices of the Company, Bartholomew
House, and at the Union Bank of London, Princes-street,
and their various branches.

COPIES OF REPORTS OF SIR JAMES ANDERSON,
SIR WILLIAM THOMSON, MESSRS. VARLEY,
CLARKE, FORDE, AND JENKLN.
London, 3d August, 1868.
Baron Emile d'Erlanger, Julius Reuter, Esq.
Dear Sirs,—With reference to the route projected fur
the cable between Brest and America, I have recommended
it for the following reasons :
By keeping in the 500 fathom line upon Milne bank and
around the southern edge of the Grand bank there is no
possibility of ice, or of any other agency that ea.n be sug-
gested, injuring the cable. The northern edge of the
Grand bank was avoided, because it is uncertain at what
depth the icebergs ground. They are said, upon good
authority, to ground at times in 90 fathoms.
It is not certain at what depth the vessels employed in
the seal trade may sometimes choose to drop an anchor
for the purpose of keeping their station in the track of ice
floes.
The dangers are avoided by the track chosen for the
proposed cable, and lam justified by my own experience
in saying that the track from the southern edge of the
Grand bank to St. Pierre, and thence to the place of land-
ing in America, is entirely free from any danger from ice,
and does not cross any anchorage resorted to by the fleet
of fishing vessels.
The cable upon the Milne bank and from the Grand
bank to St. Pierre, and thence to America (upwards of
1,200 miles), will be laid in water of such easy depth that
repairs will be a matter of certainty ; and wo are justified,
from the soundings which already exist, in affirming that
the depth of water along the deep sea portion can be no
greater than that in which the present Atlantic cables
are laid.

I anticipate, from the soundings about to be taken by
the French ship of war, that a good deal of favourable
ground will be found from Milne bank to the Grand bank
of Newfoundland.

I am, dear Sirs,
Yours faithfully,
(Signed) JAMES ANDERSON.

London, 4th August, 1868.

,
Gentlemen,—At your request we have much pleasure
in handing you the present report on the cable recom-
mended by us to be laid from Brest to St. Pierre, and from
St. Pierre to the coast of the United Scates.

The deep sea cable adopted is almost exactly similar to
that used in 1865 and 1866. The groat merit of this form
is its strength, both absolute and relative to the strains
required while laying the cable. The actual strength of
this hemp and steel cable is 7s tons, while the strain re-
quired for submersion need not exceed 14 cwt. Even if it
should be necessary to haul back any portion already laid,
the strain need not exceed 1} tons in the deepest water.
The strength is, therefore, amply sufficient to meet all
contingencies, with a margia quite as great as is allowed in
any ordinary engineering construction or operation. We
need hardly remind you of the experimental proof which
has been given that this form of cable can, even if broken in
the deepest water, be recovered by dredging, but we take
the opportunity of expressing our deliberate opinion
that this success was not fortuitous, but that the experi-
ment might be repeated as often as required with a like
result. The power of transmitting messages through long
submarine lines is no longer a matter of doubt, and the
laws affecting their transmission are well understood. We
can promise with certainty that through your enlarged
core you will be able to send twelve words per minute,
and by improved methods of signalling wo expect to in-
crease this minimum considerably. The length of your
cable, which will be iu deep water, will be no greater than
that of the existing calolcs, and it will rest on the same
smooth and safe bottom. The shalow water section will
be a heavy cable, protected against rust by a bituminous
compound, as used for the Persian Gulf cable. The route
avoids all considerable anchorages and all danger from
icebergs, and should any interruption ever occur on this
portion it can bo repaired with coil alnty and rapidity.
In conclusion, tho strength of your cable is such as to
render its submel:sien a safe operation; the route to be
followed is eminently favourable, and a good commercial
speed is certain to be obtained. You secure the advan-
tage of a direct communication, and the risks you run are
not greater in any way than those already surmounted.
We are, Gentlemen,
Your obedient Servants,
WILLIAM THOMSON, HENRY C. FORDE, and
C. F. VARLEY, FLEETING JENKIN.
LATIMER CLARKE,
Messrs. Erlanger and Renter.

FORM OF APPLICATION FOR SHARES.
When filled up to be lodged, with a deposit of £1 per
Share, at the Union Bank of London.
To the Directors of the Socidtd du Cable Transatlantique
Frangais (Limited.)
(French Atlantic Telegraph Company.)
Gentlemen,—Having paid to the Union Bank of London
the sum of being a deposit of £t per Share on
Shares in the above Company, I hereby request
that you will allot me that number, and I agree to accept
such Shares, or any smaller number that may be allotted
to me, and to execute the Articles of Association when
required ; and I authorise you to place my name on the
Register of Shareholders for tho Shares so allot:ed.
Name in full
Profession or business
Address
Signature
Dated the day of August, 1868.

BANKERS' RECEIPT.
Socid e do Cable Transatlautique Franc,iis
(E'l%,rich. Atlantic Telegraph Company.)
Received this day of August, 18t38, of
the suns of , being a deposit of X 1 per Share on
application for Shares hi the said Company.
For tho United Bank of London.