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The first section will consist of a Cable about 1,640 miles in length, to be laid from a station of the British-Indian Extension Telegraph Company, in the Straits of Malacca, to Hong Kong.
It is proposed to establish an intermediate station at Saigon (Cochin China) upon satisfactory arrangements being concluded with the French Government.
The second section, about 1,000 miles in length, is intended to be laid from Hong Kong to Shanghai, touching at one or more of the other Treaty Ports.
A Contract has been entered into, bearing date the 10th December, 1869, between this Company and the Telegraph Coustraction and Maintenance Company Limited, for the manufacture and laying by the latter of the Cable from the Straits of Malacca to Hong Kong, for the sum of £508,000, of which £100,000 in fully paid-up Shares will be reserved until this Company's Engineer has certified that the Line has been successfully laid, and is in good working order. Upon this Certificate £50,000 will be paid, and the remaining £50,000 will be retained until the Line has continued in working order for 30 days.
The Cable is to be shipped from England in 1870, and is to be completely laid by June in the following year.
The Contract provides for the payment by the Telegraph Construction and Maintenance Company of interest at the rate of 45 per cent. per annum upou the paid-up Capital, payable half-yearly, until the date fixed by the Contract for the opening of the Line.
It is further agreed with the Telegraph Construction and Maintenance Company that the second section of the Company's Cables shall be made and laid for £250,000, aud be commenced when required by this Company. The Capital for this section is proposed to be raised by a Second Issue of Shares. with the sanction of a General Meeting.
The Cable now to be laid is of similar type to that of the British-Indian Extension Telegraph Company, but will be considerably heavier, on account of the lesser depth of water in which it is to be submerged.
The Company have it in view to contiune their Lines to Japan.
Traffic arrangements have been entered into with the Falmouth Gibraltar and Malta, the Anglo- Mediterranean, the British-Indian Submarine, and British-Indian Extension Telegraph Companies, by which these Companies have agreed to give an ample Rebate upon their through rate on all messages. forwarded over their Cables from or to China.
It appears from recent published statisties that the English and Foreign Firms in Hong Kong and the Treaty Ports number 483. The Chinese Firms dealing with foreigners in Hong Kong alone are 486. The Foreign ships cleared and cutered at Chinese Ports in 1868, numbered 14,075, with an aggregato tomage of 6,418,503 tons. The total value of the imports and exports for Hong Kong and the Treaty Ports in 1868 amounted, according to the Customs Returus, to £68,000,000. From these statistics, which are exclusive of the very important local trade, it cannot be doubted that there will be as well in through messages to Europe and America, as in messages between China and India, the Straits and the Eastern Archipelago, a very extensive Telegraphic business ensuring large Dividends to the Shareholders. It is considered premature to fix this Company's Tariff at present, but it will he regulated with a view to cecure the largest possible amount of Traffic.
Copies of the Memorandum and Articles of Association and of the Coutract with the Telegraph Construction and Maintenance Company, can be seen at the offices of the Solicitors of the Company, Messre. Bischoff, Bompas and Bischoff; 4, Great Winchester Street Buildings, E.C., or at the offices of the Compang.
Applications for Shares on the accompanying form should he left at the Company's Bankers. The Deposit will be returned if no Allotment is inade, and if au Allotment is made, will be applied on account of the amount payable on the Shares allotted.
The Deposits and any subsequent payments will be liable to forfeiture if the instalments on the Shares are not duly met.
The Subscription List will close on Wednesday, the 15th, for London, and at Twelve o'clock on Thuisday for the Country.
The following is a copy of the Memorandum of Association :----
1. The name of the Company is "THE CINA SUMARINE TELEGRAPH COMPANY LIMITED,”
2. The registered Office of the Company is to be in England.
3. The objects for which the Company is established are ---
The contructing for, constructing, acquiring, leasing, maintaining, dealing with, and working lines of Telegraph between the Straits of Malacca or the Malay Peninsula and China and Japan, and any places or points adjacent thereto, or forming or intended to form part or parts of any telegraphie route or routes between those places, or any of them and (as and when authorised by extraordinary meeting of the members) branches from and extensions of any of those lines to such countries or places as the Company think fit; the establishment of Telegraph stations, and, generally, carrying on the business of a Telegraphe Company; the applying for, acquiring, selling, leasing. using, and disposing of auch lauds, Telegraph Lines, vessels, concessions, leases, privileges, licenses, and letters patent, and any shares or interest therein respectively, as may be useful or desirable for the purposes aforesaid, or any of them; the doing of all or any of those matters or things in conjunction with any other Company or person; the registration or constitution of the Company abroad as a Société Anonyme or otherwise; the subscribing for and acquiring shares of, or amalga mating with and sharing in the business or undertakings of any other Telegraph Company or Companies, and the making and carrying into effect of working traffic and other agreements with Governments, Railway, Postal, Steamboat, Telegraph, and other Companies and authorities, and the doing of all such other things as are incidental or conducive to the attainment of the above objects. 4. The liability of the Members is limited. 5. The capital of the Company is £525,000, in 52,500 shares of £10 each.
THE
CHINA SUBMARINE TELEGRAPH COMPANY
Jo.
FORM OF APPLICATION.
To be retained by the Bankers.
To the Directors of THE CHINA STEMARINE TELEGRAPH COMPANY LIMITED. GENTLEMEN,
LIMITED.
being a Deposit Having paid to your Bankers the sum of £
Shares of £10 each, in your of £1 per Share, I request that you will allot me Company, upon the terms of the Prospectus and Memorandum and Articles of Association; and I hereby agree to accept the said Shares, or any smaller number which you may allot to me, and I agree to make the payments thereon at the times specified in the Prospectus, and to become a Member of the Company, and I request you to place my name on the Register of Members in respect of the Shares which may be allotted to me.
I am, Gentionen,
Name in full
Address in full.....
Date
<
THE
Your obedient Servant,
CHINA SUBMARINE TELEGRAPH COMPANY
BANKERS' RECEIPT.
To be retained by Applicant.
No.
Received the
day of
LIMITED.
1
1869, on account of
pounds, being a Deposit
Shares of £10 each.
THE CHINA SCUMARINE TELEGRAPH COMPANY LIMITED, from
the sum of
of £1 per Share on application for
For Mass, BARCLAY, BEVAN, TRITTON, TWELLS, & Co.