The Sun.
London, England, 1868-05-29 00:00:00

RECOMMENDED by the GOVERNMENT of INDIA,
) as ono of all others in
—" Wo have long regarded this great scheme (the
BEHAR UNDERTAKING
India to which PRIVATE CAPITAL should bo IN-
VITED."
The same GOVERNMENT have now AGREED to PAY
for all WATER SUPPLIED by the COMPANY, they
PARTICIPATING in some of the PROFITS RE ea,
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
£1,000,000, in Shares of £lO each, and Stock in sums
Varying from £lO each upwards.
Deposit upon Shares £1 per Share, with liberty to
pay up the remaining £9 or a lees amount in advance of
Calls.

Deposit upon Stock £lO per cent. upon application, and
p the remainder within threo months of the allotment.
Interest at Five per Cent. will bo paid u,,on all Deposits
from the Ist July next, and uon all meats ,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 time.ay

In the allotment of Shares and Stock, a preference will
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. 4111
ABRIDGED PROSTECIAIL
The following paragraphs are extra despatch
to the Secretary of eats in Council, dategillik 10,1862,
recommending that the above project should be given to a
private company, which despatch was signed by the late
Lord Canning as Governor-General, and by thele of
the Governmental Council, viz.:—
"His Honour the Lieu enant-Governor considers that
it (the Soano 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 Company 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 advantagethe ill. Gov,rument taking the
initiativa in planning the great works of the country, that
they are so is thisplaced before
public that they can be dis-
cussed in the light of local knowledge and experience.
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."
Also the following from a minute recordei 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 Sean°. The cost here 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 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 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."
The scheme of works to be executed has been tho-
roughly investigated and carefully re_planned on behalf
of.: the Company, and particulars submitted to and ap-
proved by the Government, so that 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 ranging, from LEO upwards.
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 a deposit of £1 ou each share, or of 10 per cent. upon
the amount of stock 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 withnt deduct LOD, if the appliett-
NA 14 AO ACceclod tO.