The Sun.
London, England, 1868-05-19 00:00:00

RECOMMENDED by the
GOVERNMENT of INDIA,
thus : —" We have lon_g regarded this great scheme (the
BEHAR UNDERTAKING) as one of all others in
India to which PRIVATE CAPITAL should be IN-
VITED."
The same GOVERNMENT have now AGREED to PAY
for all WATER SUPPLIED by the COMPANY, they
PARTICIPATING in some of the PROFITS REAL-
RECEIVED by the SHAREHOLDERS.
THE EAST INDIA IRRIGATION AND
ISED after TWENTY
CANAL COMPANY'
PER CENT. shall have been
Incorporated by Special Act of Parliament, whereby the
liability of each Shareholder is limited to the amount
payable upon his Shares, or the amount of his Stock.
INTENDED SCHEME.
"THE BEHAR UNDERTAKING."
All preliminary investigation
having
been made, and
plans prepared and approved for immediate construction.
wards
Per
r Share, with liberty to
.
First issue of Capital for the Behar Undertaking
£1,000,000, in Shares of ach, and Stock in sums
payD Deposit upon
remaining £9 or a less amount in advance of u
varying from
pot OSharon
u
Calls.
Deposit upon Stock £lO per cent. upon application, and
the remainder within three months of the allotment.
Interest at Five per Cent. will be paid upon all Deposits
from the Ist July next, and upon all payments, in advance
of Calls and in payment of Stock, made before that day,
from the same time ; and from the day of payment, if made
after that t;me.
In the allotment of Shares and Stock, a preference will
be given to those who shall have paid in full, or in advance
of Calls.
Directors and Officers the same as set forth in the Orissa
Undertaking Advertisement.
ABRIDGED PROSPECTUS.
The great value and promising nature
of
"The Behar
Undertaking," secured by contract to this Company,
have, during the last eight or ten years, been so well
and favourably discussed in England and throughout
India, first by the Government and then by the Com-
pany's officers, and are now so generally known,
that any statement which the Directors might add upon
the subject would be superfluous ; they, therefore, limit
themselves to an assurance that they are satisfied it pre-
sents a safe, sound, and profitable investment; and, unhe-
sitatingly, solicit subscriptions towards the requisite
capital; at the same time they quote, as confirmatory of
their own judgment, the following _
Firstly. An extract from a despatch to the Secretary of
State in Council, dated March 10,1862, recommending that
the Soane Canal project should be given to a private com-1
pany, which despatch was signed by the late Lord Can-
ning as Governor-General, and by Sir Henry Bartle Frere
(since Governor of Bombay and now a member of the
Connell of India in England), Sir Cecil Beadon (after-
wards Liout."-Governor of Bengal), General Sir Robert
Napier (now commanding the forces in Abyssinia), Samuel
Laing, Esq., M.P. (then the Finance Member of Council for
India), and the Hon. W. Ritchie, being the whole of the
Governmental Council, viz.:—
" His Honour the Lieu onant- Governor considers that
it (the Soane Canal project) holds out better prospects
than the Orissa scheme, and that it would be good for
both the East India Irrigation Company and for the coun-
try if the Cornpa,.y were to adopt this instead of the
other ; but the projectors prefer that originally selected by
them.
" We have long regarded this scheme as one of all
others in India to which private capital should be invited.
"There is this advantage in Government taking-the
initiative in planning the great works of the country, that
they are ao placed before the public that they can be dis-
cussed in the light of local knowledge and experience.