15 AUGUST 1868, Page 3

The prospectus has been issued of the French Atlantic Telegraph

Company, with a capital of 1,200,0001., in 20/. shares, the instal- ments on which extend up to May, 1869. The Company have obtained the concession granted by the French Government to MM. D'Erlanger and Reuter for a period of twenty years. The line, which will be 3,047 miles in length, will be laid in two portions, from Brest to St. Pierre, Newfoundland, and thence to the United States. A contract has been entered into with the Telegraph Construction Company for a sum of 920,0001., of which 110,000/. is to be dependent upon success.