The Sun.
London, England, 1845-10-13 00:00:00

PROVISIONAL COMMITTEE.

Sir Arthur De Capel Broke, Bart., Oakey-park, Northampton- 07,'
shire, Difector of the South Union, or Manchester and Pot-I
ter les Railway
George Dodd, Esq., M.B.
J. G. Frith, Esq., Chairman of the Londonderry and Coleraine
Railway
T.Larnie Murray,Esq., Director of the National Bank of Ireland
Archibald F. Paul, Esq., Director of the London and York Rail-
way, and the South Wales Railway
George Pollard, Esq., Director of the Manchester and Leeds
Railway
John Rawson, Esq., Director cf the National Bank of Ireland,
of the Northumberland and Lancashire Junction Railway, of
the Liverpool and Leeds Direct Railway, and Chairman of
the Midland and Thirsk Junction Railway
D. R. Ross, Esq., M.P.,Director of the London and Manchester
Direct Railway, and of the Great Eastern and Western
Rail y
Foster Reynolds, Esq., Director of the Lynn and Ely, and Na-
mm and Liege Railways
Robert C. Sharpe, Esq., Chairman of the Churaet Valley Rail
Way

Andrew Spottiswoode, Esq., Deputy-Governor of the Union j fi
Bank of London,
George Armstrong, Esq., merchant, Liverpool
Wm. Bradley, Esq., Manor Oaks, Sheffield, Director of the Sheffield
and 11 anchester Railway
R. M. Bates, Esq., banker, Strand (Strahan, Paul's, and Co )
F. F. Clossman, Esq., Mincing-lane, Director of the Gosport,
Southampton, and Manchester Railway, and of the Great Luxem-
bourg Railway
James Cordy, Esq., Deputy-Chairman of the Brighton and Chichester
Railway
Thomas Critehley, Esq., Manchester, Director of the Staffordshire
Railway
Alderman Farncomb, Director of the London and Westminster Bank,
and of the Namur and Liege Railway
William Henry Gregory, Esq., M.P.
Sir William B. Johnstone, Bart., Director of the Chepstow and
Forest of Dean Railway, and of the Warwick and Worcester
Railway
Valentine Lee, Esq., Director of the Eastern Counties Railway
John Bramley Moore, Esq., Chairman of the Liverpool Dock Com-
mittee.
William Mountford Nurse, Esq., Director of the Union Bank of
London
Benjamin Oliveira, Esq., F.R.S., Director of the Liverpool and
Manchester, Newcastle and Leeds, and Liverpool and Leeds Direct
Railway
George Augustus F. Bentinck, Esq., Charles-street, Berkeley-square
Captain Erasmus Ommaney, Director of the Northumberland and
Lancashire Railway
R. Peppercorne, Esq., Director of the Rugby, Warwick, and
Worcester Railway
W. ii. Potter, Esq., Hyde-park
Matthew B. Rennie, Esq., Director of the London and Westminster
Bank, and Pontop and South Shields Railway
John Taylor, Esq., Director of the Commercial Bank of London
Charles Turner, Esq., merchant, Liverpool (Messrs. Sands, Turner,
and Co.)
Captain Heaviside, Director of the Trent Valley and Holyhead
Junction Railway.

BANKERS IN LONDON.
London and Westminster Bank.
Union Bank of London.
Commercial Bank of London.
Messrs. Strahan, Paul, Bates, and Co.

ENGLISH ENGINEERS—Sir John Rennie ; Captain W. S. Moorsom
SoLictron—Joseph Carey, Esq.
JOINT -SECRET VRIES TO THE ENGLISH PROVISIONAL COMMITTER.

Eugene L. Deprez, Esq. ; Thomas Morton, Esq.

The abo've French and English Committees, having formed a
Company to compete for the adjudication of this line, are for the
mast part composed of the active promoters of the Great Northern
of France Railway (Rosamel Company). A preference will, in con-
sequence, be given in the allotment of shares (in proportion to the
numi:er held in the Rosamel Company) to parties presenting the
cerCil,ates of that Company, and. upon signing the proper form of
appilemion, on or before the IRth of October Instant.
It is expected that this railway will he soon put up for adjudication,
which renders it necessary to close almost immediately the list of ap-
plications.
Applications for shares at the disposal of the English Provisional
Committee, in the usual form, will be received, with a reference to
a respectable banker or broker, for the remainder of the shares, ad-
dressed to the Secretaries, 63, Moorgate-street ; Messrs. Sutton,
Gribble, and Sutton, Royal Exchange ; Messrs. Johnson, Longden,
and Co., Tokenhouse-yard ; 0. PepPercorne, Esq., 2, Old Broad-
street ; John Metcalfe, Esq., Change-alley, Cornhill, London ; Messrs.
William Reynolds and Son, Morris Reynolds, Esq., and Highfield
and Withers, Liverpool ; Messrs. Cardwell and Sons, and John
Duncuft, Manchester ; H. and C. Bradshaw, Leeds ; James Hervey,
Halifax ; Andrew Brand, Glasgow ; Tate and Nash, Bristol.
Office, 62, Moorgate-street.

FORM OF APPLICATION FOR SHARES.
To the Provisional Committee of the Great Paris and Strasburg

Railway.
Gentlemen,—l hereby subscribe for glares of 201. each in
the capital stock of this railway, and I undertake to accept that, or
any less number of shares that may be allotted to me, to pay the
deposit and future calls when requested, and to conform to the statutes,
rules, and regulations of the Company, as duly authorised by the
laws 0. France, upon such conditions as the Directors shall accept of
the Fr.:nch Government,
Dated this

day of 1845.
Christian and Surname in Rill ..
Profession or Calling.. • • •
Place of Residence and Address • • • • ~
Name and Address of Reference ..

TIT OR CE STER AND LEOMINSTER
RAILWAY, via Bromyard.
(Registered Provisionally.)
Capital 600,0001., in 30,000 Shares of 201. each.
Deposit, 21. 2s. per Share.
PROVISIONAL COMMITTEE.
Sir William Smith, Part., Eardiston House, Worcester
Henry George Ward, Esq., M.P., Chairman of the Great Eastern and
Western Railway Company
John Barneby, Esq., M.P., Brockampton, Bromyard
George Allies, Esq., Worcester, Alderman of Worcester, Director o
the Great Eastern and Western, and Worcester, Warwick and
Rugby Railway Companies
Edward:Allies, Esq., Tundridge, Suckley, Worcester
Richard Ashton, Esq., White Lion-court, Cornhill
William Barneby, Esq., Clayton Park, Bromyard, Magistrate of
Herefordshire
James Best, Esq., Worcester
Mr. Edward Bannister, wool-merchant and wool-manufacturer, Leo-
minster
William Bristow, Esq. Surrey-place, London
George Beauchamp Cole, Esq., Chester-street, Gresvener-plaeo, Di-
rector of the Great Eastern and Western Railway Company
W. G. Beare, Esq., 6, Porchester-place, Connaught-square
Mr. Thomas Benbow, Brockington, farmer and landowner
Mr. Tnomas Berriman, Brook House, Bromyard
George Brown, Esq., Twining Park, Worcestershire
Mr. Charles Bird, of the firm of Messrs. Farmer and Bird, wholesale
druggists, Worcester
David Bryan, Esq., Northampton, Director of the Midlands' and
Easter Counties, the Eastern and Northern Counties, Chester and
Wolverhampton, and Huddersfield and Derby Railways
Lewis Buckland, Esq., Avenue-read, St. John's-wood
Walter Chamberlayne, Esq., Worcester, Royal Porcelain Manu-
factory
Frederick Chanalei, Esq., R.N., Halkin-street, Belgrave-square, Di-
rector of the Paris and Lyons Railway
William Connop, Esq., Westington, Leominster
Mr. James Coacher, wool-merchant, Worcester
Henry Cornfoot, Esq., Copthall-court, and Old Palace, Richmond,
Director of the Great Eastern and Western Railway
Mr. George Cox, glove manufacturer, Worcester
Captain Charles Dutton, Bredenbury-hoase, Bromyard
Thomas Dowglasse, Esq., Marlborough-place, St. John's-wood, Di-
rector of the Great Eastern and Western Railway Company
Henry Clarke Duppa, Esq., Quarry-house, Boughton, Monchelsea,
Kent, Director of the Great Eastern and Western Railway Com-
pany
Francis Davis, Esq., Pershore
Thomas Davis, Esq., Powick, Worcester
James Eckley, Esq., Bromyard
William Eckley, Gent., Bromyard
John Freeman, Esq., Gains, Bromyard, Magistrate of Herefordshire
and Worcestershire
William Gambier, Esq., Sacembe Park, Herta
John Matthew Gutch, Esq., Banker, Worcester, Director of the Wor-
cester, Warwick, and Rugby Railway, and a Magistrate of Worcester
Mr. Edwin Gardner, corn, hop, and seed merchant, Worcester
Mr. Richard Hadley, miller and corn-factor, Leigh and Worcester
Frederick Harris, Esq., The Hill, Leominster
Richard Hickman, Esq., Oldswinford, Magistrate of Worcestershire
E. H. liowey, Esq., Bromyard
Richard Hemming, Esq., bwington, near Sronavark and Kingsland,
Leominster
James Hemming, Esq., Church Mouse, Bromyard
Mr. John Hughes, wool merchant, Worcester
Mr. John Mood, merchant and carrier, Worcester
Mr. George Hill, of the firm of Messrs. Hill and Turley, Worcester
John Hall, Esq., merchant, Worcester
Joseph Hall, Esq., Alderman and Magistrate of Worcester
Edmund Herbert, Esq., Powick, Worcester
Henry James, Esq., Leominster, Mayor of Leominster
Mr. William James, Leominster
John Wheeley Lea, Esq., Vice Chairman of the Severn Navigation
Company, Managing Director of the Droitwich Patent Salt Com-
pany, and a Director of the Great Eastern and Western Railway
Jehn Lilly, Esq., Alderman of Worcester, Worcester Royal Porce-
lain manufactory.
Edward Lloyd, Esq. Sheriff of Worcester
James Macmillan, Esq., Southampton, Director of the Southampton,
Manchester, and Oxford Junction Railway
William John Macguire, Esq., Hampton Court, Director of the
Wilts, Somerset, and Southampton Junction Railway
Arthur Mann, Esq., Woburn-square, Director of the Great Eastern
and Western Railway
Lieutenant-Colonel Meredith, St. John's and Suckley, Worcester
William Moore, Esq., Elm Bank, Powick, Worcester
Mr. F. H. Needham, merchant, Worcester
Henry Newcombe, Esq., Hardingstone, Northamptonshire
E. Burnham Pateshall Esq., Allensmore House, Hereford, a Magis-
trate of Herefordshire
George Parbury, Esq., Russell-square, Director of the Great Eastern
and Western Railway
John Peart, Esq., Cheltenham, Director of the Worcester, Warwick,
and Rugby, Brighton, and Cheltenham, and the Cheltenham, Ox-
ford, and London Junction Railways
George R. Peppercome, Esq., Box Hill, Sussex, Director of the Paris
and Strasburgh Railway
Mr. Powell, of the firm of Messrs. Powell and Sons, wine-merchants,
Worcester
John Pumphrey, Esq., Droitwich, Magistrate of Droitwich, and
Director of the Worcester, Warwick, and Rugby Railway Company
Robert Biddulph Phillips, Esq., Longworth, Ledbury, and Bucken-
hill, Bromyard, Magistrate, and Deputy-Lieutenant of Hereford-
shire
Mr. William Phillips, Bromyard, grocer and landowner
Mr. James Rea, of the firm of Messrs. Rea and Seas, nsalsters,
Worcester
Mr. J. P. Rea, of the firm of Messrs. Rea and Sons, maltsters, Wor-
cester
George Reese, Esq., Ford House, Newport, Monmouthshire
Jas. Reeves, Esq., Cheapside and Leyton, Director of the Direct
London and Manchester, and Great Manchester and Rugby, and
Southampton Railway Companies
James Robertson, Esq., Worcester
Admiral J.:Ayscough, Southampton, Direetor:of Birmingham and Lei-
cester Railway
Mr. Thomas Shirley, North Audley-street, Loudon, and Stone
Bromyard
John Francis Smith, Esq., Whitboume-court, Birmingham
William Southall, Esq., White House, Suckley, Worcester
Joseph Stinton, Esq., Munderfleld House, Bromyard, and Lincoln's
Inn, London, Magistrate of Hereford.
Henry Stock, Esq., BeddiNlers, N. W,
Mr. John Stone, Worcester
Philip Taylor, Esq., Bromyard
John Tolley, Esq., Westford, Droitwich, Magistrate of Droitwich,
Director of the Worcester, Warwick, and Rugby Railway
Mr. rhoinas Tolley Buckland, Leominster
Thomas Timming, Esq., Wacton, Bromyard
James Upflll, Esq., The Green, Bromyard, Director of the Stafford
shire and Shropshire, and Dover and Bristol Railways
William Vevers, Esq. Dormington Court, Hereford
T. P. P. Wight, Esq.;Tedstone Court, Bromyard
Peter Warburton, Gent., High Bailiff of Bromyard
John Walker, Esq., Lulsley Court, Bromyard
Mr. Wells, Hop-merchant, Worcester
Mr. Woodward, Hop-merchant, Worcester
John Henry Walsh, Esq., Worcester
Mr. James Wall, Merchant and Carrier, Worcester
(Wkh power to add to their number.)
CHIEF ENGINEER—WiIIiam Gravatt, Esq., F.R.B.
ASSISTANT ENGINEER—S. F. Griffin, Esq., C.E.

SOLICITORS.
Messrs. Elmslie and Preston. 47, Moorirate•stirest, Lead=
Henry Foley, Esq., Worcester
Messrs. W. and T. Deveroux, Bromyard

BANKERS.

London—The
Commercial B ank oe London and Westminsterf
London. Bank, Lothbnry
London—The
Worcester—Messrs. Farley, Lavender, and Co.
Locir, AGENT—John Bedford, Esq., Solicitor, Leominster.
This line will diverge from the line of the Great Eastern and
tbeywitht
Brom-
yard,
h
Westewirn
proposed lines connecting Hereford and Shrewsbury with North
llßenalellwaatyL'eornneiansrteWr, oarteewshteirch pointpirtoeweiedil iunnig
Wales.
The communication by railway between these important towns
and the continuous hop and cider districts has been entirely left
improvided for by existing arrangements. and this line is brought
forward under the auspices of the Great Eastern and Western
Railway Company, on the strong representations and request of a
large and most influential body of the landed gentry of the neigh-
bourhood.
The object proposed is to make a direct communication between
Leominster, Bromyard, and Worcester, which latter town has always
been the natural market for the produce of these districts, and to af-
ford the inhabitants the most direct communication with London, as
compared with other lines, by upwards of 30 miles.
No person will be liable for more than his deposit till the act is ob.
tamed, and power will be applied for to allow interest at 41. per cent.
on all calls from the time of their respective payments, as well as to
limit the liability of the shareholders to the amount of their subscrip-
tions.
Applications for Shares, in the annexed form, to be made to the
Provisional Committee, at the Office, 5, Gresham-street, London,
or Messrs. John Shewell and Son, sharebrokers, Tokenhouse-yard;
Messrs. B. and M. Boyd, 4, Bank-buildings, and Mr. John Smith, 3,
Shorter's-court, London ; Mr. John Duncuft, sharebroker, Manchester;
Mr. John O'Neil, sharebroker, Manchester ; Messrs. Schultz and Carr
sharebrokers, and Messrs. Reynolds and Son, and Mr. Thomas Lee,
jun., Liverpool ; Messrs. H. and C. Beardshaw, sharebrokers, Leeds,
Messrs. Tate and Nash, sharebrokers, Bristol ' • Mr. James Pearson,
sharebroker, Birmingham ; Messrs. Samuel Hutchinson and Co.,
sharebrokers, Bradford; Mr. William Miles, sharebroker, Worcester;
Mr. Bulme, Gloucester ;Mr. Robert Allan, sharebroker, Edinburgh ;
Mr. William Gordon, sharebroker, Aberdeen; Messrs. Black and
Co., sharebrokers, Buchan-street, Glasgow; Messrs. Buchanan and
Aitken, sharebrokers, Glasgow ; and Messrs. Bruce and Spines, share-
brokers, Dublin ; of whom prospectuses may be had.
FORM OF APPLICATION FOR SMARES.

To the Provisional Committee of the Worcester and Leominster

Railway.

Gentlemen,—l request that you will allot to me shares of
201. each in the alcove railway; and I hereby undertake to accept
the same or any less number you may allot me, and to pay the
deposit of 21. 2s. per share thereon, and to sign the Parliamentary
Contract and Subscribers' Agreement when required.
Dated this

day of September, 1845.
Name in full
Place °c", business or profession .... • • • • • • •
Residence
Business or profession • • •••.• • • • • • •• • •• •
Signature . .. • • • •
Name, residence, and profession of referee.
W.tness ••• • •
•

lißyL. Ex,01,1thuT97847,
•
W ORCES TER AND
RAlsL,WGrAesirhaem°-slitrPeeAt, an Oc
No further Application for Shares in this Company win be
received after MONDAY, 13th inst., in Loytdon, and WEDNESDAY, the
15th, from the country. By order,JON HUGHES, Secretary.

THE WATER SUPPLY, DRAINAGE, and
TOWNS IMPROVEMENT COMPANY.
(Provisionally Registered.)
To be empowered by Act of Parliament, or by Royal Charter.
Capital 1,000,000/.
To be raised in 20,000 SI area of 501 each, with a limitation of
the liability of each Shareholder to the amount subscribed. The
Capital to be extended as opportunities of ix neficial investment
are offered.
Deposit ss. each Share, being the amount allowed under the Act
7 and 8 Vict., cap. 110.
TRUSTEES.
Thomas Baring, Esq., M.P. I Samuel Jones Loyd, Esq.
DIRECTORS.
Lord FRANCIS EGERTON, M.P., Chairman.
Neil Arnott, M, D., F.R.S. William Miles, Esq., M.P.
Edwin Chadwick, Esq. James Morrison, Esq., M.P.
John Crosthwaite. Esq. Alfred Morrison, Esq.
Raikes Currie,Esq , M.P. John Moss, Esq.
Sir John Easthope, Bart., M.P. John Lewis Ricardo, Esq., M.P.
Viscount Ebrington, M.P. Nassau !William Senior, Esq.,
Earl Fortescue Master in Chancery
Rowland Hill, Esq. Robert Aglionby Slaney, Esq.
Sir George Larpent, Bart. one of Her Majesty's Corn-
John Macgregor, Esq. missioners for inquiring into
James Matheson, Esq. M.P. the Health of Towns
(With power to add to their numbers.)
CONSULTING ENGINEERS.
James Smith, Esq., of Deanston
Lieut.-Colonel Hutchinson, of the Bengal Engineers, F.R.S.
James Vetch, F.R.S., Captain of the Royal Engineers
Butler Williams, Esq., Civil Engineer, late Professor of Geodesy
to the College of Civil Engineers at Putney/
Thomas Hawksley, Esq., I Engineer to the Trent Water Works
Company, and also to the Gas Company, Nottingham
J. Roe, Esq., Engineer to the Commissioners of Sewers for the
Holborn and Finsbury Division of the Metropolis
John Frederic Bateman, Esq., Engineer to several Water Works in

Lancashire
William Lindley, Esq., Engineer for the Drainage, Rebuilding,
and Water Supply of Hamburgh
Henry Austin, Esq., Architect and Engineer, Secretary to the
Metropolitan Improvement Association
SOLICITORS.
Messrs. Sir George Stephen and Hutchinson, 3, Furnival's Inn
Messrs. Humphrys, Keightley, and Parkin, 43, Chancery.lane.
MSNIERRS.

In London—Messrs. Currie and Co.
In Manchester—Messrs. Jones Loyd and Ce.
In Liverpool—Messrs. Moss and Co.
The objects of the proposed Company are to provide towns with
water on improved principles of supply; to effect their drainage
and cleansing completely and systematically; to apply their refuse
to agricultural purposes ; and to carry out any similar or collateral
works that require the union of science and capital for the sanitary
improvement of towns, either in the British empire or in foreign
countries, where security can be given for the capital invested.
The Commissioners' Reports of the results of the recent inquiries
into the circumstances affecting the health of towns, have shown,
that in only six out of fifty of the towns to which their inquiries
were directed, " could the arrangements and supplies of water be
deemed in any comprehensive sense good, whilst in thirteen
they are indifferent, and in thirty.two they appear so
deficient as to be pronounced bad, and so far as yet
examined, frequently inferior in purity ;" that of the same fifty
towns " in scarcely one can the drainage or the sewerage be pro.
nounced to be complete or good, whilst in seven it is indifferent,
and in forty-two decidedly bad, as regard the districts inhabited by
the labouring classes." These official reports also show that this
state of things had generally arisen from want of science in the
plans, deficient practical skill, insufficient capital, the separation
of works which ought to be combined in one system, and the ab-
sence of adequate motives to due economy in their execution and •
maintenance. In a large proportion of cases, measures of improve-
ment are frustrated by the incompleteness of the areas for proper
drainage and the other works, by local party spirit, and by the
want of the information requisite for the direction of improvements.
With a view to economy and efficiency, the Commissioners have
recommended as essential, that the whole of the works
for the supply of water—the house and branch and
main drains, and the sewers—should be combined under
one management. The evidence which exposes the
general inefficiency of these works, whether undertaken
bp elected or nor :elected bodies, who have only a slight personal
interest, in constantly comparing pecuniary I.esults with the ex-
penditure, also shows that the expense of their management is
rarely less than twenty per cent. per annum on extraordinary
outlays. The Commissioners deem it impracticable to ensure from
any such bodies " the same constant attention to economy in the
expenditure of other people's money that contractors would give
in the expenditure and management of their own." They, there-
fere, recommend as an important and main security to the public,
that all such works should be maintained as well as executed upon
contract; and they add, " Many of such works are, however, too
large for single contractors, and it appears to be desirable to
give facilities for the execution and maintenance of such works
by public companies, as lessees or contractors for terms of yews,
with liberty of redemption on terms previously settled." They
recommend, 'as advantageous to the consumers, that for the con.
tractors' labour and risk, fairly remunerative net returns, beyond
the common rate of interest on the capital invested, should be
guaranteed to them.
The same official researches into the means of improving the
sanitary! condition of towns have brought to light important in.
stances of improved works which have long been in successful
operation, with good returns to the capitalist, and reduced charges,
as well as increased conveniences and comforts to the consumers.
It is proposed that the Company, acting in unison with the local
authorities, shall extend the application of such improvements to
districts already more or less supplied, as well as to districts in
which there is no regular supply, either by purchasing and com-
pleting existing but imperfect -works, where they may be obtained
en equitable terms, or by carrying out entirely new works, accord-
ing to the suggestions of the Commissioners of Inquiry. - With the
aid of a staff of engineers of extensive and varied practice, and
distinguished by their having effected successful improvements, the
Company may undertake works with perfect confidence that they
will secure to the consumer an efficiency and economy which can-
not be obtained through the medium of persons whose experience is
limited to their own districts, or who are habituated to imperfect
works, and modes of management which the public wants require
to be amended or superseded.
The system proposed for adoption to meet the most pressing pub-
lic want, that of improvement in the supply of water, is a system
which has long been in successful use in several towns, namely,
that of a constant supply of filtered water at high pressure, as con-
tradistinguished from the common mode of an intermittent supply,
which renders necessary an expensive apparatus of butts and tanks,
in which water stagnates, until it is wanted, and in which, how-
ever pure at its source, it becomes vapid and polluted, by the ab-
sorption of the soot and dust failing in crowded districts; while if
the water be impure, and, as is usually the case, unfiltered, the
generation of animalcula and the decomposition of animal and
vegetable matter, are constantly taking place to an extent
most injurious to health and comfort. The constant supply
also affords new and important conveniences for baths, for
washing, and other domestic purposes. In those towns where it
has been introduced, it has, as shown in the Commissioners' report,
occasioned a reduction of one-half of the previous average losses by
fire, and made a correspanding addition to the security of life as
well as property, The constant supply at high pressure also fur.
nishes efficient means for the removal of refuse from houses, and
for the cleansing of drains, streets, and sewers, such as no other
system affords. The Nottingham scale of charges, which from the
improvements in machinery, and the reduced cost of pumping by
the steam-engine, has proved to be remunerative to the capitalists,
will be adopted with tilde variation, according to the prices of
materials and fuel, and the securities given. On this scale, which
is less than one-third of the common rate charged for intermittent
supplies of unfiltered water by the greater number of the water
companies In the metropolis, the improved supply will be provided
at a rate of three-farthings per ton, threepence per 1,000 gallons,
or at a rental of about twopence weekly for the domestic use of all
the houses in a town,—a constant supply being carried into the
poorer class of tenements at a pressure of above 100 feet, so as to
deliver forty gallons of filtered water per diem to the highest attic,
at a rate of one penny per week. The cost of this supply is less
than the usual expense of
.the wear and tear of common pumps.
To the large consumers the Company may, from the reduced ex-
pense of steam-power, supply water at a lower cost than the
usual wages for hand -labour in pumping, even where the water,
the well, and the pump may be had gratis, The commercial prin-
ciple proposed for adoption, as advantageous to the shareholders, is
that of low rates for abundant supplies to the whole population, in-
stead of high charges for restricted supplies to the higher and mid-
dle classes of the community, according to the common practice.
The system of constant supply reduces the landlords' and te-
nants' charges for distributing apparatus within the houseto at least
one-third of the amount requisite for an intermittent supply. It is
proposed that the Company shall render unnecessary any immediate
outlay for such apparatus, or for waste and return pipes within the
house, by undertaking to lay them down and maintain them, with
securely.trapped drains, for an addition to the annual water rent.
The Company will undertake to construct and maintain the main
sewers. They will also undertake to apply, or prepare for sale and
use as manure, the refuse of towns which is now mischievously
wasted in the pollution of the waters of the natural streams ; they
will thus complete under one management, wherever practicable,
the set of works which the Commissioners recommend should be
combined, and which are both ineffectual and additionally expensive
when conducted independently of each other.
It is sufficient merely to advert to the advantages of the proposed
improvements to the health, comfort, and morality of the popula-
tion, as cogent motives to hearty co-operation, while the pecuniary
interests of the consumer are also duly consulted. It is, however,
P
strictly on the basis of profitable returns that the Company is
to
whole founded, as it is only on that basis that those advantages may be ex-
eetede
ofto ire rapidly,
necitoyt:oemritchaelltyt,haeneedpcoiter canle betely realisedjustlyexpected
to be raised, and science applied to the works in question ; all of
which, it is now proved, must, when completely carried out, effect
large
reductions of various existing money charges, to landlords as
well as to even the lowest class of tenants.
Whilst the formation of this Company has been under consider-
ation communications have been made to its promoters with re.
lation to five populous towns in
England, four of which are now
entirely dependent for l• supp les of water upon wells, which from
the increase of population are rapidly becoming more and more
polluted. Each of these towns is badly drained,
adly drained, and it has been
suggested that they would aflbrd eligible
ap-
plication of science and capital to opportunities
ttlie for the
carr required improve-
ments. Three of these towns havey ou
already been surveyed, for
the purpose of obtaining better supplies of water; and it appears
from estimates which admit of but littlevariation as to the expense
of the works required, a good return on the capital invested
may in each instance be promised on the completion of the water.
works alone. The general state of the two other towns from
which communications have been received, in one of whi •
ch the ex-
isting works for water supply and drainage are required to be
extended and combined, is sufficiently well known to warrant the
expectation of certain and profitable returns on the capital ex.
pended.
There is reason to believe that a considerable portion of the re.
capital would be subscribed within each of these
quisite towns by
influential inhabitants—an arrangement which it is proposed in
general to adopt as a principle of action of the Company, with
the view of obtaining local superintendence in order to prevent
any grounds of dissatisfaction amongst the consumers, as well as to
provide collateral security to the shareholders for the efficient exe-
cution and maintenance of the works.
The general capital of the Company will be increased in propor-
tion to the eligible applications to it for assistance. It has been
estimated that for the works for the supply of water drainage and
application of the refuse of the towns already surveyed and under
consideration, an immcdiate active capital of half a million would
suffice, power being given to raise more money from time to time
as the original capital is permanently invested. The capital will
be raised In shares of 501. each, and called for only as actual
operations require.
Where works of town drainage have been executed and main-
tained by a public Company the return of profit has been satis-
factory to the shareholders, even though such works have pro.
ceeded on old and imperfect plans. The returns from the sale and
application of the refuse of towns to agricultural purposes have
hitherto been very profitable, and under the improved manage-
ment, and the present state of agricultural enterprise, may be
expected to be highly remunerative. Under these circumstances
the shareholders may expect returns, when publicly guaranteed,
of six per cent., or when made in the ordinary terms, and com.
bining water-works with drainage and the sale of refuse, a much
higher rate of profit.
Applications to be made for shares, in the form subjoined, to the
solicitors, or to any of the following sharebrokers in London, of
whom prospectuses and for
ms of application may be obtained