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Leader (1850-1860), 24th December 1858, Edition 2 of 2, Page 1, A POLITICAL AND LITERARY REVIEW, MERCANT...

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    • THE MADRAS IRRIGATION AND CANAL COMPANY
  • Adverts (11)
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      ^E&Aer.

      ^ e & aer .

      A Political And Literary Review, Mercant...

      A POLITICAL AND LITERARY REVIEW , MERCANTILE JOURNAL , . ¦ . AND ' ¦ ¦ ¦ ¦ ¦ : RECORD OF JOINT STOCK COMPANIES , BANKS , RAILWAYS , MIKES SHIPPING , & c .

      Vol,. Ix. No, 457] Friday, December 24, ...

      VOL ,. IX . No , 457 ] FRIDAY , DECEMBER 24 , 1858 . Price {^ SS ^ -SSSSSf ^

      The Madras Irrigation And Canal Company

      THE MADRAS IRRIGATION AND CANAL COMPANY

      Ad00105

      ( Incorporated by Special Act of Parliament ) , With Limited Liability , For Constructing , Maintaining , and Working ( under the sanction and with the support of tho Government of India ) Si comprehensive system of Irrigation Works and Navigable Canals throughout the Presidency of Madras and the neighbouring territories of Berar , Couhin , Hyderabad , Mysore , Nagpoor , Orissa , the South Mahratta Country and Travancore ; and also throughout the Lower Provinces of Bengal , when the necessary powers shall have been obtained . Fifst capital , 2 , 000 , 000 ? . ( with power to increase } . First issue thereof . l . OOO . OOOZ- iii 50 , 000 shares of 202 . each . Upon which a perpetual minimum interest of 51 . percent , lias been guaranteed by the Secretary of State for India in Council , all surplus profits being divisible equally between the Government aiid the Company ; which arrangement is subject to be determined only by the Government purchasing the works constructed within six months after the expiration of each period of twenty-five years , at a sum equal to the market value of the shares of the Company on an average of the three preceding years . Deposit , 11 . per share , to bear interest at the guaranteed rate from the day on which the same shall be paid into the Indian Treasury- DIllKCTOES . CwATRMASr . —JAMES THOMSON , Esq . ( Messrs . Line and Co ., Madras ) , Deputy-Governor of the Agra Bank , and late Chairman of the Chamber of Commerce , Madras , and President of the Madras Bank . Colonel Philip AsrsiitUTiiER , C . B ., Madras Artillery ^ The Hon . Philip PraynKU Bouvekie , M . P . ( Messrs . Ransom , Bouverie , and Co . ) - Lieutenant-Colonel Gkimbs , Madras Army , Chairman of the Oriental Inland Steam Company . Colonel Atwbll Lake , C . B .. late Superintending Engineer of the Kistnah Irrigation Works . Lieutenant-Colonel Onslow , late of the Commission for governing Mysore . Lieutenant-General Sir Geohgb Pouock , G . CB ., F . It , G . S ., Ac . Major-General Wbstrop Watkins , Madras Army . Consulting Engineer . —Colonel J . T . Smith , Madras Engineers , F . RS , 4 c Auditors . —James Bonar , Esq . ( Messrs . Small and Co ., Old Jewry ) . Bankers . —Messrs . Ransom , Bouverie , and Co ., 1 , Pall-mall East . ¦ ¦ ¦ ' ; Solicitor .- —John Mackrell , Esq , 31 , Cannon-stroet West . Secretary . —John Westwood , Esq . Offices- 27 , Cannon-street , London , B . C . Tor full prospectus see tho " Commercial Daily List" of the 10 th inst . Prospectuses and forms of application for shares may now bo had at tho Company ' s offices , 27 , Cannon-street , E . G ., London ; of tho bankers , Mossrs . Itansom , Bouvorio , and : Co ., 1 , Pall-mall Enatj and of tho solicitor , John Mack roll , Esq ., 3 * . Cannon-street West , 15 . 0 .. London ; but no application will bo considered unless a deposit or one Souria on each sharo applied for ia previously raado to [ ossrs . Ransom , Bouverie , and Co ., Bankers of tho Company . Tho deposit will be returned if the application is not acceded to . Extract from Minutes of Consultation transmitted by the GoTormnont or Madraa on tho 10 th May , 185 S , to tho Court of Directors of the J 2 ast India Company : •—The Government oxpross thoir unanimous , strong , and earnest advocacy , that all irrigation works which , on a comprehensive view of the wants of tho country , may bo dconod nocossary to dovcloj ) its undoubtedly groat resources , bo commenced at onco boldly and on a largo sculo , bo pressed forward throughout all times and under all circunistanaos , and bo looked on and bo practically treated , as in fact thoy really are , as tho most economical , booauso tho most nrollt-- able , undertakings in whioh tho Government could possibly engage . It is noodloss now ngnln to bring forward tho innumerable instances in whioh money has in tho l ' rosidonoy boon most advantageously invested iu irrigation works . Tho proceedings of Government hnvo , iu this rospoet , boon only too desultory and vaulliatliiK , and it is confidently ohsertod that India could bo placed in n potation to pay all her own expenses and gradually disohnrffo hordobt far more readily and spoodily by a Judicious expenditure than by any sonoma of retrenchment or reduction .

      Ad00106

      Established In the rolRn of Qnoou Anno , A .. D . 1711 . UNION ASSURANCE OFFICES , FIRE AND LIM 3 . Offices—81 . Cornhlll , and 70 , Bnkor-Ht-. rood . London i nnil in . Bristol , Liverpool , Edinburgh , Dublin , Hamburg , Berlin , and Borne . Receipts for Firo Insurances falling duo nt OhHstmns arc now ready at tho Head Ollloos anu with tho rospootivo Agonts In tho country . WILLIAM B , LEWIS , Secretary .

      Ad00107

      IMFEBIAL 1 < IEE INSURANCE COMPANY , 1 , OLD BROAD STREET , LONDON . Instituted 1820 . DIRECTORS . MARTIN TUCKER SMITH , Esq ., M . P-, Chairman . GEORGE WILLIAM COTTAM , Esq .-. Deputy-Chairman . Thomas George Barclay , Esq . j George Hibbert , Esq . James C- C . Bell . Esq . I Samuel Hibbert , Esq . James Brand , Esq . Daniel Mildred , Esq . Charles Ca ve * Esq . j Thomas Newman Hunt , Esq . George Honry Cutler , Esq . ( Frederick Pattison , Esq ; Henry Davidson , Esq . j William It . Robinson , Esq . George Field , Esq . , | Newman Smith , Esq . SECURITY . —The existing liabilities of the Company do hot exceed 3 ; 000 , 000 £ . The Investments are nearly 1 , 000 , 000 / ., in addition to upwards of 600 , 000 ? . for which the shareholders arc responsible , and the income is about . 120 , 0002 . per annum . ¦ ¦ . PROFITS . —Foim-FiFiiis , or Eighty per cent , of the Profits , arc assigned to Policies every fifth year . The next appropriation will be made in 1861 , and persons who now effect insurances will participate ratably . BONUS . —The additions to Policies have been from ll . 10 s . to 6 $ l . 16 s . per cent , on the original sums insured . CLAIMS . —Upwards of 1 , 250 , 000 ? . has been paid to claimants under policies . Proposals for insurances may be made at the chief office as above ; at the branch office , 16 , Pall Mall , London ; or to any of the agents throughout the kingdom . SAMUEL INGALL , Actuary .

      Ad00108

      ACCIDENTS OP EVERY DESCRIPTION . £ 1000 IN CASE OF DEATH , OR A FIXED ALLOWANCE OF £ 6 PER WEEK IN THE KVENT OF INJURY , May be secured by an Annual Payment of £ 3 for a Policy in the RAILWAY PASSENGERS' ASSURANCE COMPANY . A special Act provides that persons receiving compensation from this Company are not barred thereby from recovering full damages from the part , ' causing the injury ; an advantage no other Company can offer . It is found that ONE PERSON in every FIFTEEN is more or less injured by Accident yearly . This Company has already paid as compensation for Accidents 27 , 9882 . Forms of Proposalnnd Prospectuses may be had at tho Company ' s Offices , and at all tho principal Rnihvay Stations , whore , also , Railway Accidents alone may boinsured against by tho JouPney or year . NO CHARGE FOR STAMP DUTY . Railway Passengors' Assurance Company . Offices , ;} , Old Broad -street , London , E . G . WILLIAM J . VIAN ,, Secretary .

      Ad00109

      LAW PROPERTY & LIFE ASSURANCE SOCIETY . 80 , Essox-strcet , Strand , London . Capital , 250 , 000 ? . TDntEOTOItS . Ralph T . Rrockman . Esq ., Folkestone Edward Win , Cox , Etiq . : 3 i ) , Russoll-squaro . tteorgo Frodoriok Pox , Esq ,, Bristol . E . H . P . Kolsoy . Esq ., Salisbury . J . Mead , JO so ., 2 , King ' s Bonuh-walk , T 6 mplo . JI . Paull , Esq ., M . P .. U 3 , Dovouslilro-placo , Portlaud-plaoo . EIGHTY PJSlt CENT , OF THE PROFITS divided among tho Assured-At tho llrst division of profits In May , 1845 , a bonus was doclarod , varying from Two to Eleven por cent , on tho amount assured , and amounting , in many instancos , to upwards of Fifty per cout . on tho PromluniH paid . At tho Socond Division of Profits Iu 1 S 08 , an EQTJAL PRO RATA BONUS was rtoolarod . Next division of profits in 1801 . % * Every description of LKo Assuranco buHlnoss transacted . EDWARD S . BARNES , Secretary .

      Ad00104

      SPECIAL NOTICE . ROYAL-EXCHANGE ASSURANCE , August , 1868 , Lifo PoHoloa ofToatod duvliiK tlio jivosout yoar on tho participating soalo will ontitlo thoir holdors to share in tho division of Profits nt tho owl of tho yoar 1800 , providod the nssumncoH continue in foroo . Furthuh Honubjub will bo ( Icylftrod nt llio ond of evubt Fiyfl Yisakb .

      Ad00110

      ALLIANCE BRITISH AND FOREIGN LIFE & FIRE ASSURANCE COMPANY , BARTHOLOMEW LANE , LONDON , B . C . Established 1824 . ( Branch Offices : Edinburgh , Ipswich , and Bury St . Edmunds . ) Capital , FIVE MILLIONS Sterling . Pbesident—Sir Moses Montefiore , Bart . DIRECTOKS . James Alexander , Esq . ! James Helme , Esq . Charles George Barnett , Esq . John Irving , Esq : George Henry Barnett , Esq . : Elliot Machaghten , Esq . Charles Buxton , Esq ., M . P . J . Mayer Mohtefiore , Esq . Sir George Carroll . , Sir A . de Rothschild , Bart . Benjamin Cohen , Esq . . Lionel N . de Rothschild . James Fletcher , Esq . , Esq ., M-P- ¦ . . .. - Charles Gibbes , Esq . Thomas Charles Smith , Esq . William Gladstone , Esq . ! Auditors . —George J . Goschen , Esq ., Andrew Johnston . Esq ., George Peabody , Esq . . ' ¦ , V * The receipts for the Renewal Prennums due ax , Christmas are ready for delivery in town , and at the several Agencies . , FRANCIS A . ENGELBACH , Actuary and Secretary .

      Ad00111

      PATENT DERRICK COMPANY ( Limited ) . Offices—27 , Gornhill , London . Capital , 100 , 0002 . In Two Thousand Shares of BOl each . This Company ' s Floating Derricks are eminently adapted to raising sunken and recovering stranded vessels . The annual number of Wrecks upon our coasts exceeds One Thousand , and the estimated value of this loss amounts to 2 i millions sterling . , , . A large proportion of these vessels may be recovered by the Patent Floating Derricks , and an agreement has been entered into with the Marine Insurance Companies , and Underwriters of London and Liverpool , , which ( after de ^ ducting working expenses ) secures to this Company 75 per cent , of the net salvage proceeds so recovered , from all vessels and cargoes , sunk prior to the date of tHe agreement . Two of these Derricks , belonging to the New York Company , havo raised and saved over 400 vessels . This Company commenced by paying its shareholders half-yearly dividends of 10 per cent . ; but , since July , 1857 , has regularly paid quarterly dividends of the like amount . A limited number of shares of 50 J . each , m tho Capital Stock of tho Patent Derrick Company remain for allotment . These shares aro required to bo paid as follows : — 104 . por Sharo on application , and the remandor by Calls of 101 . each , at intervals of one Month between each Call . Forms of Application for Shares , and Prospectuses , may bo obtained at tho Offices of tho Company . 27 , Cornlull , London , E . C .

      Ad00112

      Price Gd . RAILWAY MANAGEMENT : Tho OFFIOIAL VIEW REFUTED } being a Reply to Obiections urged against a Plan for tlw Government «""* ¦ Working of a Railway . By THOMAS WRIGLEY . London : Simpkin , Maubjiaix , and Co . ; Manchester : JonNflow and Kmvbon , 80 , Markoi-stroot ; Gboeob Simms , St . Ann ' s Square .

      Ad00113

      SOUTH AUSTRALIAN BANKING COMPANY , I noorporatod by Royal Charter , 1847 . LETTERS of CREDIT , and BILLS Issued upon Adelaide . Port Adolaido , and Gawlor . Approved tjraftbiioffotlatcd and sent for oollootion . Every description of Banking business is also conducted direct w 1 * , ^?^ , ? ' * J ° X South Wales , and thoothQrAiistrallftn Oolomcs . through tho Oompany ' s Agents . Apply at a * , Old Broad-stroot , Lonuon , K . O . WILLiaM PUItPY . Managor ,

      Ad00114

      LOANS AND INVBSTKDNTS ^ gj- ^ j- ^ . . WELLINGTON LOAN & INyE | TIOT | J \ ^ AB BOQlATIOTfc . WhgM ^ W ri ( Limitod ) , 3 , Cliatlmni-plftoo , i } 1 T ft 0 W 3 JW «^^ J | j [ ~ l ! Deposits rocolvod nt 0 por cent . I »| j ^ offiTO ^ gT Wm yi J &* KtmtcA at wodoroto rgtos ^ Sk ^ Ss ^ S 2 PurtlcnliirM ol OUAltLliS WgJ KaKMaMffflBMWgr ^ p * N 13 Ascnta roqulrcd in town and c M ^ Jw | P ^^ *&

  • Citation
    • Leader (1850-1860), Dec. 24, 1858, page 1, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_24121858/page/1/