17 MARCH 1866, Page 3

The directors of Reuter's Telegram Company invite-subscrip- tions for the

5,000 shares yet unissued, thereby calling up the whole of the capital, viz., 250,0001. The object.of the directors in making this second issue of shares is to lay down and work a .system of submarine cables between the English and Hanoverian coasts, a concession giving an exclusive right to the company to -effect this !for a period of thirty years having been obtained from the Hanoverian Government.