The Sun.
London, England, 1868-05-16 00:00:00

THE SUN; LONDON, SATURDAY EVENING, NAY 16, 1868.

LFTER HER 'MAJESTY'S OPERA,
. - • • DRURY-LANE—EVANS' TO SUP.
. After Drury-lane Opera EvANs' to. Sur.
After Drury-lane Opera EvANs' to SUP.
After Drury-lane Opera EvANs' to
After Drury-lane Opera. EVANS' to SUP.
After Drury-lane Opera EVANS' to SUP.
Loudon Singing and Supper Club, EVAN'S', Covent-garden
Vocal Entertainment at Eight. •

ISSUE of FURTHER CAPITAL for the COMPLETION
of WORKS CONSTRUC I'ED under a CONTRACT,
whei f.by the GOVERNMENT of INDIA have AGREED
to PAY for ALL WATER SUPPLIED for IRE EGA.-
TION, forming, a GUARANTEE AGAINST LOSS by
NON-PAYMENT of WATER RATES, such kVORKS
having also COMMENCED to YIELD RETURNS.

THE EAST IN DIA IRRIGATION AND
CANAL COMPANY.

I ncorporated 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 stuck.
SCHEME OF OPERATIONS. .
"TILE ORISSA UNDERTAKING."
Second issue of capital of £1,000,000, to consist of shares
of £lO each, and stock in sums varying from £lO each up-
wards.
Deposit upon shares £1 per share, with liberty to pay up
the remaining £9 or a less amount in advance of calls.
Deposit upon stock .£lO-per cent. upon application, and
the remainder within three months after allotment.
Interest at live per cent. will be paid half-yearly upon all
deposits from the Ist July next, and upon all payments (in
advance of calls and in payment of stock) male before that
day, from the same time, and from the day of payment if
made after that time.
In the allotment of shares a preference will be given to
those who shall have paid in full or to auy extent in ad-
vance of calls.

DIRECTORS.
JAMES THOMSON, E.;q., Chairman.
Lieut.-Colonel John Grimes, late ut the 11.E.1.C.5„.
The lion.'Arthur Kinnaird, M.P.
Lieut.-Colonel Win. Campbell Onslow, lab of the Mysore
General Sir George Pollock, G.C.8., G.C.5.1., &c. &c.

SECRETARY.
John Wustwood, Esq.

ABRIDGED PROSPECTUS.

The circumstances under which sub3criptions are now
invited by this Company, to a further issue of capital, are
peculiarly favourable for investors, and present the
Arongest evidence of the sound and profitable character of
the undertaking, to complete which an additional outlay
is required.

As they aro now planned, and being constructed, the
canals will, when completed according to the estimates of
many engineers most competent to judge, including Colonel
Ruudall and the present chief engineer of the Company,
convey water for. the Irrigation of about 700,000 acres.
Adopting a temporary rate of charge for irrigation; and
estimating the returns from navigation at the very mode-
rate total of three per cent. upon the outlay ,(the present
engineetoliiislifst,rePOrtetthlit estitiaths the 're:-
turns, upon the Tidal Caual.will bent-least ten rreent.),
and allowing the high Charge,4-fiVe percent. fer''. repair
miiintenance, establishment, (Ste: tlna net returns from 'the
,
sections now to be vonipleted would be altogether twelve
per cent., which, by the re-establishnient of the original
rate of five rupees peracre for irrigation, would be made
up to' twenty-one per cent. net.
These are figures the accuracy of which can be easily
demonstrated, and any inquiry made regarding them at
the. Company's offices will be at once replied to, and every
information given.
The prospect of an immediate and extensive spread 'of
irrigation, and therefore of a satisfactory increase upon
the existing returns, is highly encouraging. By reports
received on the 3d of the present month, and, dated •the
30th March, it appears that there had then been signed,
connected with the Kendrapara Canal alone, leases (prin-
cipally for 3 years) for about 26,000 acres ; that applica-
tions from cultivators of land under the same canal were
being received at the rate of from 2,000 to 5,000 acres
daily ; and that the natives were cutting the smaller
channels necessary to convey the water to their fields
with earnestness ; further, that in the vicinity of the high
level canal meetings were being held by the Zeiniu-
dars, and other unmistakable signs exhibited twat
the same favourable state of affairs there as
that connected with the Kendrapara Canal was
a mere matter of a short time, and that before the coming
season large demands will be made for water. Upon the
Midnapore Canal the effect of the reduction of the water-
rate, dm, had not, at the end of March, been thoroughly
ascertained, because the irrigating portion of that canal
had been closed for some time previous for construction
purposes, and had then only been reopened, but the chief
engineer of the Company and the executive engineer in
charge reported that applications for water, in addition to
the 4,000 acres supplied last year, had commenced and
were confidently expected to be added to largely.
The works already constructed have now entered upon
their stage of revenue, and they offer to capitalists not only
a safe investment, but one which will, most assuredly, ha
very profitable ere long; and hero it may be added, as
confirmatory of this almost immediate prospeet, that the
portions of the works ii118#• in 11:j: ea relnainitog'l,,a.beexC
mainly
cuted, consisting mainly of datotiels for tilstrit4tioa,of
the water, will necessarily be the easiest Of construction, as
well as the most productive, and will add materially to the
percentage of returns on the whole outlay.
There is also another feature of great importance, which
must not be omitted in the consideration of the fitness of
this undertaking for an investment. By the contract it is
expressly provided that the Company shall be paid for the
water supplied for irrigation to the cultivators—not by the
cultivators themselves—but by the Government of ludia ;
and that the price to be so paid by the Government to the
Company for such water shall be, the price charged to the
cultivators, and shall be fixed so as to represent a fair
charge for the water to the parties using it. With refe-
rence to this stipulation, it has been a..:knowledged by the
Government that they alone are liable in respect to the
non-payment for water supplied, so that the Company are
released from all fear of liability to loss of any portion of
their water-rate. The value of the foregoing arrangement
can hardly be too highly prized, forming as it does a cer-
tain and safe guarantee of payment for every portion of
the water supplied for irrigation.
It has been determined by the Directors to limit, at any
rate for the present, the. expenditure to about £130,000
per annum, whereby they will be enabled to make all fu-
ture calls small in amount and at regular stated periods,
not exceeding on the whole .£2 per share during each
year ; at the same time they are enabled by the Act of In-
corporation to issue the required capital partLy, in shares
of £lO each, and partly in stock divisible into auras vary- .
ing from £lO upwards—a plan which will suit the con-
venience of those who desire to limit their liability to
a fixed sum at once, and to be relieved from future
calls, and also those who may prefer to pay the amount
of capital held by them by easy instalments in the shape
of calls.

Applications for Shares and Stock may now lie made by
filling up and forwarding either of the accompanying Forms
to the Company's Offices, 8 and 9, Queen-street-place, South-
wark-bridge, London, E.C. (whero a full Prospectus and
Forms of Application may be had); but it is necessary,
that it should be understood. that no application will be
considered unl,,ss a deposit of £1 on each share, or of tea
pounds per cent. upon the amount of stock applied for,
has been made either to the Bankers of the Company,
Alossrs. Ransom, Bonverie, and Co., No, 1, Pall Mall B•isc,
or at the Offices of the Company. The Deposit will be
returned without deduction if the application is not ac-
ceded to.

rho only drawback to doing this is the risk of misleading
capitalists and raising mistrust of such investments.
"In the present instance no such risk need be appre-
hended, for there is evident throughout Colonel Dickens'
report a most conscientious endeavour to anticipate the
maximum cost of the work."

And sec ,ndly. Twc;P:ii;grapbs from
,s, minute recordel
by Sir P. P. Grant when Lieutenant-Governor. of Bengal,
viz. :- •

" The magnificent province .of Behar which would be
admirably Watered' by Captain Dickens' projected canal
from the Soane. - The cost hero would certainly be very
much less (than at Cuttack), and the returns may rea-
sonably be eXpected to be Much more secure, because we
know, as a fact, the value of irrigation in Behar. The soil
is better and the natural rainfall is ress by half on an ave-
rage, and much less certain in Behar than in Outtaek.
The most valuable crops are not the rain crops in Behar,
and for the most valuable crops there it is found by expe-
rience that expensive Well Irrigation pays, which has not
been proved by experience to be the general case in Orissa.
• " I venture to recommend this enterprising Company, in
nhose success every person connected with India must
feel deeP interest, to consider Captain Dickens' scheme of
irrigation from the Soane, for which complete plans and
estimates are available, and nothing is wanted but the
money."

By the contract with the Government the Company are
entitled to' receive and retain all Profits from the sale of
water forirrigation, until the dividends paid to Shareholders
shall exceed 20 per cent. upon the total expenditure made,
after which the balance of such profits is to be divided
equally between the Government and the Company. 'The
returns from all other sources aro to belong to the Com-
pany exclusively.
The scheme of works to be executed bas now been
thoroughly investigated and earefUlly- re-planned on behalf
of the Company, and particulars „submitted to and ap-
proved by the Government. There will be no delay in
waking preliminary survey; plans, &c., all of which have
been effected, and everything made ready for immediate
constructive operations, a great advantage not possessed
heretofore by any oth..g.undertaking of a like, character,
because the realisation profits has been thus brought so
much nearer.

The capital has been divided into shares of £lO each,
and stock in sums ranging from £lO upwards, to suit the
conveuieace of all; as it is thought many may desire to
take a definite amount of stock, or to pay up in full, and
thus be free at once from all .ftiture care about calls, aud
from all future liability, while others may prefer to pay a
smaller suns down as a deposit on shares, aud pay up the
residue by instalments as calls may be made.
Some. shares have been already allotted in India.
The sharp capital will be called up slowly, and so as,
with the stock, to maintain an expenditure at the rate of
about £130,000 per annum. £2 per share during each
year will bo ample for this.
Applications for shares may now be sent to the Com-
pany's Offices, 8 and 9, Queen-street-place, Southwark-
bridge, London,- E.C., where a fell prospectus and forms of
application may be had ; but. it is necessary that it should
be understood that no application will bo considered, un-
less a deposit of £1 ou each share, or of 10 per cent. upon
the amountof stock applied for, has been made either to
the Rankers of the company, -Messrs. Ransom, Bonverie,
and. Co., No. 1, Pall-mall East, or at the Offices, 8 and 9,
Queen-streetLplace, Southwark-bridge, Louden, E.C. The
114osit; wilt* return t h 'lotion if the applica-.
tioh is nOt'iceecred,to:
••

SPECIAL NOTICE.

CLERICAL, MEDICAL, AND GENERAL
LIFE ASSORANCE SOCIETY.

Established 1824.

All Persona who effect Policies on the Participating Sc.le be-
fore June 30th, 1868, vrill'be entitled at the NEXT BONUS to
one year's
i 3 additionalst. jSahmarrei,oBf-
sPqruoafirt
es
,oLveoruldaotenr,
s.Entrants.w.
Tables of Rates and Forms of Proposal can be obtained
from any of the Society's Agents, or of
GEORGE CUTOLIFFE, Actuary and Secretary,

1 URNISHED APARTAIENTS.—A Drawing
Room and Bed Room to be Let, situated in a cheerful and
healthy part of Kensington, in the house of a Private Family.
Aplilication
Kensington. Applications
theronnsingligti‘ofnes.srs. G. W. Bayley and Wickham, New-
land-terrace,

Respectable in a Gentleman's Private
•
iILApHAINL—APARTMENTS well Furnished
With large Garden. Attend-
ance and every comfort. Very convenient for Rail or
Omnibus to City and west-end. Apply at the Residence, i
34, Lark Hail Rise, Clapham, S.w..
or to Mr. STEVENS,
Family,a dn
plehasigahnityly situate,
The Pavement, Clapham Common.

TO BE LET, UNFURNISHED, a PARLOUR
and TWO BED-ROOMS, with Gas, Sze., in the most
eligiblea t part
sot
.f
Camden-square, N.W.
PSaftil'Fs-aruoards-road, Camden-suare, N.W.
,

1411 UTUAL LOAN . FUND ASSOCIATION
LTA_ (Incorporateop_Y Parliament, 1859),
14, RUSSELL-STREET, COVEN-GARDEN, LONDON,
ADVANCES MONEY upon personal security, Bills of Sale, Free
hold or Leasehold Property, for one, two, or three years, repay-
Ole weekly, naontwy, or quarterly. Bills promptly discounted.
pbrni slr tie onrOeil4oP stamped envelope.
EDWARD HARPER, Secretary

OEIN GOSNELL
„and CO.'S CHERRY
TOOTH PASTE is greatly superior to any tooth
powder; gives the teeth a pearl whiteness, protects the
enamel from doe ty, and imparts a pleasant fragrance to
the breath. Price is. 6d—B,ed Bull Wharf, 93, Upp:a.
Thames- street, "London.

CHWEPPE'S MALVERN SELTZER,
prepared from the Nlalvern Water, so long celebrated for
its purity. Every bottle is protected by a label having name and
trade nrtrk.—Manufactories at Loudon, Liverpool, Derby,
Bristol, Glasgow, Malvern.

vrANFIELD'S PATENT PICKLES are per-
fectly pure and uncoloured. To be had of all dealers,
and wholesale of JOLIN BURGESS and SUN, 107,
Strand (corner of Savoy-steps), London.

DEAFNESS.—AeouItie Instruments, for the
Relief of Deafness, to enable persons to join in general
conversation, to hear distinctly at church and public assemblies.
being flesh-colour
—The SPIRAL EAR TUBE fits spirally in the ear so close, and
nets, Trumpets, and every ,is unseen. Also Conversational Tubes, Cor-
makle-street, -Piccadilly.
other kind.—SOLOMONS, 39,Albe-

QPECTACLES.—
The Achromatic. and ,Tinted
►._ SPEQTAOL LEN-S,Ls,
registered by S. and B. SOLO-
DIONS, Opticians to the Noverhment, give extraordinary relief
to weak, dim, and defective vision. t-Copies of Testimonials from
the Ophthalmic Hospitals post free.-39, Albemarle-street, Pic-
cadilly.

I)INNEFORD'S FLUID • - MAGNESIA:—
The medical.pr,.fe.Z6iii for Thirty Years have ap-
provod; of :this pure . solution. of Magnesia_ as . the .best
remedy for Acidity of the Stomach. Heartburn, Headache,
Gout, and Indigestioc ; and as the best mild aperient for
delicate constitutions; especially adapted for Ladies, Chil-
dren, and infants.
DINNEFOIID and CO., Chemists, •
172, New tond-street, London ; and of all other chemists

AFTER THE ROYAL ITALIAN OPERA,
COVENT-GARDEN—EVANS' TO SUP.
After Covent-garden Opera EVANS' to SUP
After Covent-garden Opera EVANS' to SUP
After Covent-garden. Opera EVANS' to SUP.
After Covent-garden Opera EVANS' to Sur.
After Covent-gardeti Opera EVANS' to SUP.
London Singing an.l Supper Club, EVANS', Covent garden
Vocal Entertainment at Eight.