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

Uhe 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 evidknt throughout Co!onel Dickens'
report a most conscientious endeavour, to anticipate the
maximum cost of the work." •

And sec ndly. Two paragraplis from a minute recorded
by Sir P. P. Grant when Lieutenant-Governor of Bengal,
viz.:-
" The magnificent province Of. Behar which would be
ito
admirably watered by Capta— Dickens' projected mull
from the Soane. The cost he . would certainly be very
much less (than at Cuttack),' ad the returns in:sy 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 less by half on an ave-
rage, and much less certain ''in B ?liar than in Cntrack.
The most valuable crops era not the rain crops in B ,har,
and for the most valuable crop4„tlicre it is found by expe-
rience that expensive Well trrigation pays, which has not
been proved by experience to be the general case is Orissa.
"I venture to recommend this enterprising Company, in
whose success every person cisunected 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 • ziothing- 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•
pang exclusively.
The scheme of works to be executed bas now been
thoroughly investigated and carefully re-planned on behalf
of the Company, and particulars submitted to and ap-
proved by the Government. there will be no delay in
making preliminary surveys, plio.ns, &e., all of which have
been effected, and everythin4sede ready for immediate
constructive operations,- 'a great advantage not possessed
heretofore by any other undertaking of a like character,
because the realisation of profits has been 'thus brought so
much nearer.

The capital has been divided into shares of £lO each,
and stock in sums rang'ng frqm LEO upwards, to suit the
convenieece of all; as it is thought many may desire to
take a definite amount of stock, or to pay up in full, and
thus lie free at once from all future care about calls, and
from all future liability, while others may prefer to pay a
smaller sum down as a deposit on shares, and pay up the
residue by instalments as calls may be made.
Some shares have been already allotted in India.

The share 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 be 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 full prospectus and forms of
application may be had ; but it is necessary that it should
be understood that no application will be considered, un-
less deposit of £1 cu each share, or of 10 per cent. upon
this amount of stook ~applied.for„ has been made either to
the Bankers of the Company, Messrs. Ransom, Bouverie,
and Co., No. 1, Pall-mall East., or at the Offices, 8 and 9,
Queen-street-place, Southwark-bridge, Loudon, E.C. The
deposit will be returned without doluctiou if the applica-
tion is not acceded to.