The Sun.
London, England, 1868-05-18 00:00:00

EVENING, to JAY 18, 1868.

AFTER HER MAJESTY'S OPERA,
DRURY-LANE—EVANS' TO SUP.
After Drury-lane Opera EvANs' to SUP.
After Drury-lane Opera EVANS' to SUP.
After Drury-lane Opera EvANs' .to SUP.
After Drury-lane Opera EvA,Ns' to SUP.
After Drury lane Opera EVANS' to SuP.
•
London Singing and Sapper Club, EVAN i', Coveut-garden
Vocal Eutertaitne,ut at Eight.

ISSUE of FURTHER CAPITAL for the COMPLETION
of WORKS CONSTRUC I'ED under a CONTRACT,
whereby the GOVERNM ENT of INDIA have AGREED
to PAY for ALL WATER SUPPLIED for IRRIGA-
TION, forming a GUARANTEE AGAINST LOSS by
NON-PAYMENT of WATER R ATE .1, such WORKS
having also COMMENCED to YIELD RETURNS.
THE EAST INDIA IRRIGATION AND
CANAL COMPANY.
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 stuck.
SCHEME OF OPERATIONS.
"THE ORISSA UNDEIITAKING."'
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 five per cent. will be paid half-yearly upon all
deposits from the Ist July next, and upon all payments (in
advance of calls and iu payment of stock) made Wore 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 any extent in ad-
vance of calls.
DIRECTOR
JAMES THOIXSONyrttt, Chairman.
Listiut.-Colonel John Grimes, late of the H.E.I.C.S.
The Hon. Arthur Kinnaird, M.P.
Lieut.-Colonel Wm. Campbell Onslow, late of the Mysore
Commission.
General Sir George Pollock, G.C.8., G.C.S.L, &c. &c.
SECRETARY.
John Westwood, Esq.

rhe 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
maxim 'in cost of the work."

And see ndly. Two paraqraplis from a iniuute recordel
by Sir P. P. Uraut whou Lioutenaut-Goveruor 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 mach more secure, because we
know, as a fact, the value of irrigation in IlAar. The soil
is better and the natural rainfall is less by half on an ave-
rage, and much less certain in Behar than in Cuttack.
The most valuable crops are not the rain crops in Behar,
and for the most valuable crop; 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
%hose success every person connected with India must
feel deep interest, to consider Captain Dickens' scheme of
irrigation from the Soane, for which complete plans aad
estimates are availaltle, and nothing is wanted but the
money."
By the contract with the Government the Company aro
entitled to receive and retain all profits from the sale of
water for irrigation, 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 Goveritinent and the Company. The
returns from all other sources are to belong to the Com-
pany exclusively.
The scheme of works to be executed has 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, plans, &c., all of which have
been effected, and everything made 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 from LEO upwards, to suit the
conveniecca 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 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 bad ; but it is necessary that it should
be understood that no application will be considered, un-
less a deposit of LI ou each share, or of 10 per cent. upon
the amount of stock applied for, has been made either to
the Rankers of the Company, Messrs. Ransom, Network+,
and Co., No. 1, Pall-mall East, or at the Offi';es, 8 and 9,
Queer.-street-place, Southwark-bridge, Loudon, E.C. The
'deposit will be returned without de luction if the applica-
tion is not acceded to.