CO129-147 - Public Offices - 1870 — Page 191

THE

BRITISH-AUSTRALIAN TELEGRAPH

COMPANY LIMITED.

189

In connection with the Falmouth Gibraltar and Malta; the Anglo-Mediterranean; the British-Indian Submarine; the British-Indian Extension, and the China Submarine Telegraph Companies Limited.

CAPITAL £660,000

In 66,000 Shares of £10 each, of which £120,000 will be taken in fully paid Shares by the Contractors, leaving for Subscription 54,000 Shares.

DEPOSIT #1 ON APPLICATION, AND £2 ON ALLOTMENT.

The Balance, £7 per Share, to be paid by Instalments not exceeding £3 per Share at intervals of not less than Three Months, commencing 1st July, 1870.

Tres

Directors.

THE RIGHT HON. VISCOUNT MONCK. Chainrowan

LORD WM, MONTAGU HAY, Chairman of the Anglo-Mediterraucan Telegraph Company.

THE RIGHT IION. WILLIAM NATHANIEL MASSEY, Chairman of the British-Indian Extension

Telegraph Company.

JOHN PENDEït, Esq., Chairman of the Falmouth Gibraltar and Malta, the British-Indian Submarine.

and the China Submarine Telegraph Companies.

SIR JAMES ANDERSON, Managing Director Anglo-Mediterranean Telegraph Company, &c. WILLIAM MCARTHUR, Esq., M.P. (Messrs., W. and A. MeArthur), Coleman Street.

CHARLES WM. EARLE, Esq., Managing Director.

Consulting Electrician. FLEEMING JENKIN, Esq.

Engineers.

LATIMER CLARK, Esq.

HENRY CHARLES FORDE, Esq.

Bankers.

THE CONSOLIDATED BANK, 52, Threadneedle Street.

Solicitors.

Messas. FRESHFIELDS, 5, Bank Buildings, London.

Secretary (pro tem).

T. H. WEDDELL, Esq.

OFFICES:--100, PALMERSTON BUILDINGS, OLD BROAD STREET, E.C.

Turs Company has been formed to establish Telegraphic communication with the Colonies of Australia, Tasmania, and New Zealand. It is considered that such an enterprise can only be successfully undertaken in connection with the Companies, who will be the proprietors of the Direct Submarine Telegraph lines between England, India, and Singapore, and accordingly exclusive arrangements have been made with them for working the whole Line between England and Australia at through rates, and under such management as will practically place the conduct of the traffic throughout in charge of a single Committee of Directors, comprising representatives from all the Companies concerned.

It is anticipated that by these means undue competition will be avoided, and the business be carried on to the satisfaction of the Shareholders and to the public.