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

RECOMMENDED by the GOVERNMENT of INDIA,
thus : —" We have long 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-
ISED after TWENTY PER CENT. shall have been
RECEIVED by the SHAREHOLDERS.
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 Stock.
INTENDED SCHEME.
"THE BEHAR UNDERTAKING."

All preliminary investigation having been made, and
plans prepared and approved for immediate construction.
First issue of Capital for the Behar Undertaking
per Share, with liberty to
£1,000,000, in Shares of £lO each, and Stock in sums
varying from £lO each upwards.
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
urepmonainSinhgare f s 0
Sor 1 a lees amount in advance of
fromp
Deposit
uptphoostihtlest 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 tame.
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 e 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'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 c now so generally known,
that any statement which the Directors might add upon
the subject would be superfluous ; they, therefore, limit
last eight or ten ye3xs,
themselves to an assurance that they are satisfied it pre-
sents a safe, sound, and profitable investment; and, unhe-
sitatingly, solicit subscriptions toward 3 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 iu Council, dated March 10,1862, recommending that
the Soane Canal project should bo given to a private com-
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
Council of India iu England), Sir Cecil Beadon (after-
wards Lieut.-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. IV. Tit ;Lie, being tho whole of the
Governmental Council, viz.:—
" His Honour the Lieu enant-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 Compa-y were to adopt' this instead of the
other ; but the projectors prefer that originally selected by
them.
" We havo long regarded this scheme as one of all
others in India to which private capital should be invited.
"There is this advantage in Gov rnment taking the
initiative in planning the great works of the country, that.
they'are so placed before the public that they can be dis-
cussed in the light of local knowledge and experience.