The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-16
IHi hNGlO-IapAy TELEGRAPH COMPANY.

Wa have received prospectus OF this company,
satin, forth The obos for which 1t has boon formed
and whch Is TO Establish ia London direct telegraph
Nlo Egypt ami Aden with subsequent extensions to
Singapore China, Japan ard Australia. The necessity
foc more rapid transniason Of messages from London
TO Bombay has been felt for somo time past by tho
mercantile community OF Great Britain, and in SOM
by the largo importers OF the United States
Under the present rule elegraphc communication with
India in most unsatisfactory, commercial dispatches
usually occupying several days in trans isslon, when
under well organized sys,em, the average time for
message TO pass from Bombay 70 London would not
exceed six hours To remedy existing evils, tho
Telegraph TSo%pary %,ed has been
d,fss,ors are 9. 3: Stewart ESQ, chslrnaa
sr Daniel Goocb, NJ. p; SIR Frederick Halliday,
X G. h., late Lieutenant Governor OF Bengal; Philip
Rawson, sir Macdonald Stephenson, and other prom-
nent Engllshincn The engineers >ir Charlss
Bright, H. p. and Latimer Clark.
The prospectus states that "the direct route from
london 10 5uez VIII IL is anticipated DO in actual work
during the present year. and the company have entered
into con,rac. with the telegraph Construction and
Maintenance Company for making and laying thor
onrhiy efficient no of Telegraph tsbont 1880 naDic,i
miles in length from Suez % Bombay including station
bulingg instruments and all expenses for ho sum OF
81 100 600 Of WI CD 100000 70 be retained by this
co.npany until the successful competition OF the whole
OF he WORK $4,000 OF the contract sum sto be paid
in shares of this COMPANY end COS 900 in debsniur,s
rho contract provides for tho completion Of the eniro
line from suez 10 Bombay, in working order 10 tho
sltarac,ion OF this c1mpiny's engineers The ertro
limo is 10 10 completed IA the courEo OF next year. ut
latest IN the May following"
In addition to thp tho company have obtained from
the Ialn government the exclusive use, for forty.
yours of The line Of telegraph from susa n Doica Ia
.lcly the agreement for lease from the British gov
ernnan. Of ho existing halta and Alexandria cable FOR
term Of forty Two years. and tho agreement for Lease
for twenty ono Yeas m the option OF purchas lo The
existing land lines between Alexandria, Cairo aud Srcz
for o. present will pass between Nodica aad
Malta by the short in9 % the Noierranean Extension
Telegraph Company, until the company have continued
their mdcponiont line from Sicily By submarine cable
direc. 10 TrpoL
Tho share capital OF the company is Ct, 900 600 in
co. 900 shares Of f2O each. II expected that the reve
nuo o. the line when completed, vii yoId dividend
exceeding twenty-five per cent per nnnum upon
al 500 O00 which sum u is nE. pa'ed viii covsr rl
the operations OF the company proposed between
England and Bombay. Parties desiring shares are OK
pected TO deposit g. per sharo on application which viii
DO returned without deduoton IL two-thrds Of the cap
tai be not snbssrbed and allotted Applications for
shares must be addressed 10 tho directors after payment
90 the bankers OF tho deposit OF fl psr share The
bankers In England Mes.rs Barclay Bersn Triton
wells Co., % Lombard street. London and in India
the Chartered Mercantile Bauk Of India, London and
China Tho temporary Offices OF tho company are located
oil 20 Ola Broad street, London, Y, g.