155
pay Interest at the Rate
cent per annum
of
per cen
until the opening.
12
дев
The drives - Jeb 16-1870.
372
THE MANILA and HONGKONG SUBMARINE TELEGRAPH COMPANY (Limited). Incorporated under the Companies Act, 1867, 1667. To establish telegraphic communication between Maulls, the adincent jalands, Hongkong, and Singapore. By virtue of an exclusive concession from the Spanish Government for 43 years. Capical £300,000, in 2000 shares of £1) such, of which 270,000 in paid-up shares are taken by the contractor, Deposit o appitation 21 per share, and on allotment £1 per share, Further payment. On the 1st April, 1870, 72; on the 1st May, 1370, 22: 42 the lat July, 1970, 42; and on the 1st September, 1870, #2 Tuberest at the rate of 5 per cent per annunt will be paid by the contractare upon the paid-up capital of the Company until the opening of the King. DIRECTORS. Chairman-WILLIAM T. MEROCH, Est., late Coloudal Secretary
and Acting Governor of Hongkong
John B. Darvall, E., COLG., Director of the Bank of Australia Charles K. Dier, Esq., Lord's, Director of the Witheir wad Trish Siap-
netic Telegraph Company
William Maland, te, formerly of Mackillop, Stewart, and Co., Cule
ousta, and Frescaut of the Bengal kaunter of Commerce William T. Barvey, I, tale of artin, Dyce, and C, Java, Singa
apere, qul Manila
Wentworth Stein, Erg, S. Glocester place, J'orting-aquare Jarous Whitlow, E., late of olunay, Wire and Co., Chine Robert de la Condamine, Eng, lace of Ker exi Do, Mantia; Syma
and Co.. Singapore; Pituit, 8yme, sud Co., Batavia. Engineers-Sir Samanel Canning (Consulting Reginsor); Robert Sabine E., C.E. Bankers--For London, Mesers, Robartz, Lubbock, and Co.; for Chica, The Hongkong and Shanghai Banting Corporation, Solicitors -Messrs. Stoven Wilkies, had Histries, Nicholas-lane Lombard-street.
Auditore-Mears, Jotratour, Dooper, Wintle, and Evans. (And one to be appointed by the Sburevoldera) Brokers-Mesert, Seymour ami Elwyn. Secretary-George Armstrong. Esq., late of Bougkeng. Temporary ulicos-Greshma-hotan, 23, Ola Broad-street. This Compass has been formed to pure and carry out the excl sive concession, granted for 40 yours by the Bpanish Government, 'cated the 24th November last, to establish telegraphic communication between Mustila, the Philippion Islands, Hongkong, and Singapore.
The promoted line and its connexions are marked upon the map ac congang the prospectus.
The capital uw proposed to be raised will be to complete the first section.. which will be laul from Hongbing to banila, a length ut about 059 nautical miles. tageties with the necessary cable fur con neoing the principal placga in the adjacent landa with blanila, e mated at a farther length, including land lines and cables, of 470 milea.
Compaonication with rope, England, and Awerfen will be estas blished by nene of the following routes
Calculations bave been made as to the probable results likely to Accrue to the shareholders by the operations of this Company, and there is reason to beliero that, taking a messages between Hong- i-keng All Alan, the assages which will be sent to Mau from the Part of Singapore, by way of Hongkong, and those which will be sent to Mails from Slangbar, Afoy, Bratów, sad the various ports of! China and Japan, at taking al no cousideration the through iner zages from Barope, India, America, Australie, and the Datel Bettle- ient, and further calculating the beercasing intermediate traffic of Manis with the rest of the Philippines, the results wil eventually Show, allowing 300 working days in the year, an annual tone which will yield large dividends on the capital, after deducting £32,000 per unut for working expenses and $10,000 per annum to form a reserve fund for the repairs of the cables, &c.
The Spanish Government will at the objecta of the concession with ships of the navy as far as the service will perimit.
A tender hus been accepted from Mr. W. T. Heuley, of North Woolwich, which provides for the manufacture and laying of tre Eables, and for the erection of the overland wires, within 12 months, a a cost of £29,000. Until the submarine cale has been completely laid, £tă,000 yet unpaid, and of this sum #25,000 will rem in the Company's hands until the line has been maintained in good working order for W dayâ.
The contract at provides for the payment of interest, at the rate of 5 per eout, per anzin, upon the paid-up capital by the contractor. syable ball-grariy until the opening of the line, and the contractor takes £70,000 in folly paid up shares.
The Copy of the Concession published officially in the Madrid Gazette, with the notaris! stulation; and copies of the agreement with the Concessiouaires for the purchase of their interest, also of the Matrosundum sand articiis of Assaciation, and of the contract with Mr. W. T. Henley, can be seen at the ocea of the Company.
Application for shares, to be made in the accompanying form, BUCHE be lets at the Company's London tazkers.
In all cases where to allotment is chado the deposit will be returned without deduction of any kiui.
The following contracts have been eutered into :--
1820, February 14-order.of Mr. W. T. Healey-accepted by Via T. Mercer, hraun of the Company, on Beall of the Company.
1879. February 3.Agreement between Uard lean and Charles William Grabain, and William Thoma Merter, Williazi Maitland, and Wentworth Sturgeon, Esquire, on behalf at the Company.
The Manila and Hongkong Submarine Telegraph Dotpay Limited), For of Application to be putained by the lakere). No,
Bu the Directors of the Azanjis and, Hongkong Submarine Telegraph
Company #tatt Gentlemen-Having raid to your babbers the sum of £----, being & deposit ct El per share, I wont you will allot shares of 10 each in your Company, upon the terms of tw Prospectus and Me morandum and Articles of Association; and hereby agree to accept the said abares, or any eller number while you way allot to for, and to become a member of the Copy, and I request pol to place my be allotted to me,
1. Through the lines now in the course of construction by the Brinave on the register of Lambers in respect of the shares which me
tial Audian Extension Company British Indian--the Anglo- Mediterranean-the raininhth, Gibraltar, and Malta Telegraph Coth
paties
2. Through the proposed estle hatween Singapore and Calcutta, and thence Magugh the Indion and Insio-European Chanpany's lines, or the pes of the Brite-Indian, Anglo-Mediterranes, the Fabsouth, Gibraltar, and Male Telegraph Ocugales.
3. Through the Great Northern Company's lines, from Hongkong vki Pussietta.
This Company will chim be enabled to avail itself of the advantage of three competing lines of communication with the United Kingdom, Europe, and Aarles, while it may be udited. that the through ruba, by way of Huses to Eagand, will be most inmulletely completed by bicans of the section now in course of construction between Kiara and Bhanghai, two competing Hoea being about to open cul- munion between Shangtas kad Honkrong.
I am, Gentlemen, your obedient servant,
Nare in full,
Adress in fell Date,
180.
The Maula and Hengtong Submarine Telegraph Company (Liwited). Bankers' Receipt to be retained by byplicant). No. Received the
day of - 3270, on account of the Maria and Hongkong bulgarine Telegrand: Coropany (Liitai) woman tibes $???ja úr - BOUDIR, Geing a deposit of per share ou application for Sharea of £19 each,
For the
(Copy).
Telegraph Company Lited).
The second sevilen contemplated by the concession, viz, frem Manila to Bingapore, touching a Lubuva and Purawak, will zozemcrandum of Assoctelion of the Manila and Hongkour Submarine alterative, seccind, or through fios between Singapore und Hong- i kong, wildi, mand-outain o täir share of the vast trisinesa belkeen two
point of contact Bus repressat on the one sige the large and Creusing tracha of Chita and Japan, and on the other the Indiko, Á ̈as- tralian European, and noriez meges,
1. The name of the Chpany is the Manila and Hongkung Sub- marine Telegraph Company (L-huited).
2. The registered office at ble Company will be situate in Bushind. 3. The abys for which the Company is estated are the con
The construction of this section, wever, reserved for the contracting for, constructing, sequicing, leading, urintziding, dealing
shiuration of the shareholer, who wil, within a short shoe, bo called upen to decide when the wants of the through trafție suid the require-
dents af this Company's concession will demand this extension.
The tracks of the Philippine Islade, infough the alloroty Mania, with Hongkong, and to various treaty ports of China, the Straits Settlements, Jaya, Australa, India, Europe, the Dutud kingdom. and America, has been for years past of Test and creasing import. ance, which telegraphic coman cavitation will largely devolope.
The great depot and port of call, Singapore, in which place large numbers of ***ooking ebins" anually work for information and freight, will, beyond doubt, controbáre "nibstantially to the revenue of the Toupany, for the slipping entered and cleared at Singapore and the Straits Settlements in 1855 amounted to 13,246 vergis, Tuytsent- tug 1,317,633 tous, and the suust trade amounts to nearly 2,000,000, Telegrama conureted will the conkierable trade betweck Spelt and her colonies in the Philipine Hands would pass overtida Nue when' the througli trafic is established.
The local trattie of Manila with the adjacent falands, which have a large and increasing bites Topulauan, and walon are the principal producing districts of the Philippines, renders inter-teleuropale cuin wynication indispensable, and a branch of the Company's bushless wil. It is antidrated, vicki a hills profitable return.
The islands and ports to which it is proposed to carry a las by land, anime,' are:-
Saal, in the north-west of Luzon; Zebu, in the Island of Zeba; Ylo Ylo, and other places, which ore centres of districts, produelog largely by hemp, augur, tobacco, rion, cofiet, gutta peroka. ko.
with, and working lings of telegraph between-Miande Hongkong, Singa pore, and thu falads of the Eastern Archipelago, or some of euch or polute adjacent thereto, or forming de intended to the part or places, and betra shob places or tone of the aid any other places of way belegtapfile route or routes between those plus, okay of them, and (as and when authorized by ektraudinary meeting of the ne Iers) branches front and extension of any of those us to such Duntries or places as the Company think it, the establishugat of Wlegraph etw tions, and generally carrying on the hatiness of a telegraph company, the apriying for, acquiring, whew, leasing, using, walk disposing of such lauda, telegraph lines, vessels, conscious ass, privileges, leuzes, ani festore patent, and any shoes or interest therein respectively Jay be useffil or dusirable for the purposes aforesaid, or any of them; the delug of all or any of liese matins or things in conjunction with any other company or person, then fagstration or contitution of the mpany shroud as a Souiété Anonyme or otherwise; the subscribing for and acquiring shares of or wealgumating with ant sharing in the uniane or undertakings of any other telegraph corapany of counter, and the making and carrying to effect of working traffic and other agreements with goverruts, ruilway, postal, atebol, telegraph, and other cathocles god authorities, and the doing of all such other things as are intimitalor Conducive to the attalament of the above objects.
4. The Bubility of members to mitat
5. The capital of the Clay is 4350,000, diried into 33,000 shares of £30 cash
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