The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-12-29
Proposed China Submarine Telegraph.
LFr0m the L0pdon Post, DEC. II.l

IRON the London POST, Dec. H.
The prospectus was issued yesterday evening or
the China Submarine Telegraph Company In con-
nection With the Falmouth Gibraltar and Malta, the
Mediterranean, the British Indian Submarine
and British Indian Extension Telegraph Companies
thus forming q NTH link in the line, and extending
to the empire OF China the great system OF submarine
electric telegraphs between England AMI the East
Traffic arrangements nave been entered INTO with
Tue four companies above named all OF which are
represented on the board, by which they have agreed
TO give an ample rebate upon their through rate on
all messages forwarded over their cables from or 10
China.
Tue first section OF the ewane OF telegraph will
consist OF cable about 1910 miles In length, 10 be
laid from station Of The BRITISH Indian Extension
Telegraph Company III the otrats VI Maiacca "
Hong Kong. II Is proposed TO establish an inerme-
dlate station az saigon, Cochin emma, upon satislic
government. The second section about 900 miles
IN lengtl Is Intended to be laid from Hong Kong to
Shangnae. touching at one or more oil the other
treaty ports; and hereafter the company have IL Ia
view to extend their lines TO Japan. The capital IS
fixed at 100000, in 81 coo shares OF flO each OF
winch EoJ 900 will be taken iully paid up shares
by the telegraph Construction ana Maintenance
COMPANY which has contracted to manuiac!ure and
lay the cable rom the Straits OF Mulacca TO Hong
Kong for the sum OF E50s,00o, the 100000
IN shares being retained in the hands
line has been opened and successfully worked.
There remains OF this capital $4,000 shares,
which are offered to the pubic. On these only
TWO pounds per share viii be required prior TO July
OF next year. and the Whole capital VIII not be called
up until the lsr OF November following. the Tee-
graph Construction Company nave contracted that
the cable shall be shipped rom England next year,
aud completely laid by June 1871; and further,
looking at the time II VIII necessarily take 10 lay the
lue, IL has been specially contracted that Con-
eTuctipn and Maintenance Company Shall allow i've
per cent upon the pad up cIpital-pay able haif
yearly--unt the date liked for The opening of the
line, that the shareholders VIII at once come INTO
tue receipt Of interest Their calls fall due. ~ has
also been arranged with the Construction Company
that the second section OF the company's cables
shall be made ana LAID for f25o,00O and be COM
menced when required. The capital for this section
Is proposed TO be raised by second ISSUE OF shares,
with the sanction OF general meeting OF the share
holders.
The prospectus states that it appears from recent
published statistics that the English ana foreign
Trims III uOng Kong and The treaty ports numuer
4sS. the Chinese firms dealing with foreigners in
Hong Kong alone are 466. The foreign SHIPS cleared
and entered vi Chinese porls IN 1868 numbered
1900 with an average tonnage or 6,ilS,JO3 TONS
The total Value OF the imports ana exports Tor Hong
Kong ana the treaty ports III 1856, amounted, accord
aug TO the customs returns TO fdS, 100000. From
these STATISTICS, which exclusive Of the very I'M
pOrtant local trade, it cannot doubted that there
VIII be as well IN through messages 10 Europe and
America, as Ia messages between CHINA ana INDIA,
Ghe straits and the Eastern Archipelago, very eX-
tensivo Geographic business. iasurlng large dvi-
dends to tie shareholders. 1t IS considered preml-
ture to nix this company's Garilf at present, but 1t
viii De regulated with view 10 secure the Largest
possible amount OF traffic.
The cable is TO DO Of u similar type with that Of
the British Indian Extension Telegraph COM auy,
lesser depth Of water IN winch It WA nave 10 DC
submerged.
ENGLISH UTILIZATION or THE NETWORK.
Captain X. Il. Oidlielu, OF Inc Royal Navy eX-
perienced officer, has december Io) been granted
leave " Tie British Admiralty, and mas proceeued on
behalf oil the Telegraph Construction and Mamie
nance Company, to sam and the Maiay peninsula,
Tor tue pUr pose OF exploring certain routes =, which
that coniuany proposes TO establish telegraph
communication from Burnlail, the lenasSerin PRO
vinceS and siam with Penang, SO as To throw me
traffic upon tine British Indian Extension Com
pany'5 cable, which VIII be lad Jae year 1870
between the straits OI Maidcca and Ccyiun.