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Leader (1850-1860), 26th November 1859, Edition 2 of 2, Page 1

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    • THE LONDON AND MEDITERKANEAN STEAM NAVIGATION COMPANY (LIMITED).
  • Adverts (4)
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      ¦ ^¦ ¦¦ ¦ : > Ex^^^V Vt -M -V -V ? A Pol...

      ¦ ^¦ ¦¦ ¦ : > eX ^^^ V vt -M -V -V ? A POLITICAL , LITERARY , COMMERCIAL AND FAMILY WEEKLY NEWSPAPER , ' ¦ • AND ' .. ¦ . . . ' RECORD OF JOINT ^ TOCK COMPANIES , BANKS , RAILWAYS , MINES , SHIPPING , & c . lv

      Vol. X. No. 505.] Saturday, November 26,...

      VOL . X . No . 505 . ] SATURDAY , NOVEMBER 26 , 1859 . Price {^ %£ ™ : M ^ EfiCE

      The London And Mediterkanean Steam Navigation Company (Limited).

      THE LONDON AND MEDITERKANEAN STEAM NAVIGATION COMPANY ( LIMITED ) .

      Ad00103

      Incorporated under the Joint Stock Companies Acts , and liability limited to amount of subscription . Capital £ 50 , 000 , in 5 , 000 shares of £ 10 each , with power to increase to £ 250 , 000 . , Deposit , 10 s . per share , to be paid on application . First call * 2 per share , payable on allotment . DIRECTORS . Col . Sykes , P . R . S ., M . P . ( Chairman of the Hon . the East India Company ) , Chairman , J . C . Alexander , Esq . ( Messrs . Sichel , Alexander , and Co . ) , Manchester and London . Capt . Francis Stewart , Surbi ton-hill , Surrey , late of the Peninsular and Oriental Company ' s service . G . H . Whalley , Esq ., M . P ., Reform Club . Charles Wheth am , Esq ., 52 , Gordon-square ( Messrs . "Whethamand Sons , Gracechurch-street , London ) . Genehai . Superintendent—Captain John Vine Hall ( late of the steamship Golden Fleece ) . Shipping Agents and Brokers—Messrs . Alfred Laming and Co ., 70 , Cornhill , and Lloyd ' s . . Auditor—John Ball , Esq ., of Messrs . Quilter , Ball , Jay , ' and Co . ' Bankers—Messrs . Smith ,-Payne , and Smiths , Xombardstreet . Solicitous—Messrs . Hamber and Corsellis , 20 , King ' s Arms-yard . . SHAREBROKEns- «» Iessrs . Huggins and Rowsell , 1 Threadneedle-strcet ; MessrB . A . L . Cawthorn and Scott , 75 , Old JJroad-Btrcct . Secretary—George Grant , Esq . TEMPORARY OFFICES—10 , BlSHOPSGATE-STHEET within , London , E . C . ABRIDGED PJROSPECTUS . fplIE object of this Company is to establish a J- regular and efficient lino or steamers between London and the large commercial cities of Italy and Sicily—viz ., Genoa , Leghorn , Naples , Messina , Palermo , Ac , the traffic having been hitherto carried on by a small and inferior class of vessels , inadequate to the requirements of the The rapidly increasing trade between this country and the Italian States is proved by reference to the Custom House Ueturns for 1848 , which state that the aggregate value of the exports for that year were £ : J , 212 ,: i 57 , while those for 1858 were £ 4 , 089 , 720 . The Imports were in the fltvmc proportion . ' .... ' The pvonioters , having bcon Impressed with the importance of the trade , commenced operations on this lino in October , 18 . W , as agents for the owners of several steamers " which have since continued to run , at various intervals , with grout success , as may bo seen by reference to the Appendix ( Table I . ) , in which tho returns are collected to the end of last yoar ; but in ordor moro fully to developo it , and with a view to meet tho numerous complaints mndo to thorn of tho want of punctuality in sniltnc-, and qf tho inferiority of many of tho vessels ( necessarily oociisionod by their Ravi lift" to charter with separate owners , and also with vessels of various sizes and speed ) , the c . xpodioncy of substituting nn independent nn efficient lino of steamers line been Bti-onffly urccd upon tho Directors , and tho promoters , as tlio shipping agents of this Company , are prepared , unconditionally , to carry over in its favour thoir establlHhod agencies abroad , so that , in fact , its operations otui be commenced without dolay , , , iTho Directors , in rosolving to establish thia Company , aro further encouraged by tlio facts that a most successful lino of soron' Btonmors has for sonio years boon engaged in tho triulo between Liverpool mid tho Itnlinn porti ) s thnt tho lending merchants in London , interesturt in tho Itnlinn trade , linvo somo time flinoo urged by requisition in wrltliiffthoonrnnlantlon of tho lino now propoHcd \ nnd the Directors hnvo nlso boon informed that mniiv of ( lie merchants In Italy and Sicily , to show their ooiilldeiino In tlio Hiicooss of the enterprise , hnvo oflureri to contribute towards tho onpital required , and otherwise to support thoCoinpniiy In cvory hobhIoIo way . , ... ., Tho intrlimlo morlta of tlio lino now proposed will , tlio Directors bcliovo , fuUyJnBtify thorn iu anticipating 11 lavourublo return upon tho cnpltnl . Tho JDIrootons calculate Hint Htonmers of nbout 700 tons rofflator and liiQ-horap powor would bu required iov tlio working- of tlio Italian lino , nntf propose ( hum tpbi > lilted with ilowiuVs pivtont engino , tho bullclova of which euimiutoo a ( tonmunpuon of fuel not to exceed hIx toiiH ihm- ulciii , and to glvo iv wpeod of ton knots por hour , ndv-nndiffOH hitherto unknown in tlio nnnnlHof stonm nnvlunlloii \ in I no meantime tlio Directors intend chartering llio nr « > i'HHiu y Hteimiors , bo that tho oporutlons oi tho Coinpa . ny lu'ou not bo delayed until thwlr own vosselfl nro built . No nluivoUoluor will incur nny liability bdyoml tho amount ol'almrvB allotted to him . , , Two months' notlco will bo g-lvou of ( ho tlmo ( iNOd lor tho nuymoutof tiny future call .

      Ad00104

      Full copies of the Prospectus , with Appendix , forms of application for shares , and all necessary information may be had at the sharebrokers ' , and of the Secretary , at the temporary offices of the Company , 16 , Biahopsgate-street within , London , E . G . The London and Mediterranean Steam Xavigation Company { Limited ) . The Directors of this Company beer to announce that in alloting the Shares , a pro rata distribution will be made amongst all responsible applicants . . I am Sir , yours very obediently , Geo . Gramt , Secretary . 16 , Bishopsgate-street , within . Extract from Letter of " Times'"'' Correspondent , dated Paris , JSTov . 20 . ( Prom 2 Ym . es of 22 nd . Nov ., 1859 . " The announcement of the proposal to establish an English Steamship Company in the Mediterranean has been favourably received , as it will supply a want long felt , and which French traders and travellers are the first to recognize . The Messagcries Imperiales have virtually the whole Mediterranean coasting- trade in their liaads , with the exception of the Marseilles , Malta , and Alexandria line and , as is generally the case where there is no competition , the accommodation Ja of the worst description , and the charges are most exorbitant . The boats are small , very slow steamers , with the cabins so arranged as to be a source of great annoyance to the passengers , especially to ladies . The conductors have a very disagreeable and dangerous habit of crowding their ships , and no care is taken to prevent the uncleanly , and occasionally filthy . passengers from intruding upon those who have paid high fares to be protected from such annoyance . If to these disagreeables be added the fact , that the officers and crews are rarely civil , and often impertinent to English and American ladies , it will be readily understood how all who have any occasion to travel in the Mediterranean are disposoclto welcome an English company , which will insure moderate charges , punctuality , civility , and cleanliness . " ¦ r f b t ' t i ' , ; , . , \ > 1

      Ad00105

      THE TALYSARH" SLATE COMPANY ( LIMITED ) , CARNARVONSHIRE . Incorporated under the Joint-stock Companies' Act , the liability of shareholders being limited to the amount they each subscribe for , Capital £ 50 , 000 , in 5 , 000 shares of £ 10 each . £ 2 10 a . per share to be paid on allotment . DIRECTORS . John A . L . Barnard , Eeiq .. 52 Grncechiirch-strcet , E . C . James Clifford Hodyes , Esq ., 81 , Great Tower-street fcX . The Rov . M . W . Lusignan , j H . A ., All Hallows , Thames-Mark John Tomkins . Esq ., Green-hank Sawmills , St . George ' s east , and l'laietow , Essex . Bankers . —tlio Bank of fcbmlon , Throndneodle-atreet SoLiciTOns . t-MoBsrs . Brntly , Son , and Scott , fiO , King Willlain-strcot , City . « BnoKEn . —Roger Mortimer , Esq ., 77 , Old Broad-atreot . SECRET . vnv ( pro tern ) . —Thomas Ingledow , Esq . AuniTOUH . — Messrs . Tarries and Whjtehead , Accountants . , QgwcEB . —14 , CHATHAM-PLACE , BLACKFRIARS . PKOSPKCTIJS . rnilKTalyflRrn Estate wns purchased In 1837 by the cole-I bratod goldnmlthe , Mcnsrs . Kundoll , Bridge , and . Co ., who oxponUed thoroon , Iu nuvohlnery nml tho partial dovuloniiumt of tho-qnarrU > B , iipwnraa of .-tOO . OOO . From hat eminent firm tho Into prolpriotor , purchasod the entirety , nnd hits sineo oxpomlert aevorn . 1 thousand nounds in restoring- the qunrrlos to their liresent profitable con-Tho ' proporty purohAsed by tho Compnnv comprlsoe upwards of 70 nort's of freehold limd , tho whole of which in slate rook on tho ecjksbrnturt Jlangor volns . Tlio quurrlos tlioreou linvo boon extensively worked for many years , and hnvo realised largo profltfl . Tho machinery ftiitl plant , which nro in eompleto ordor aucl regular ooursu or workhifer , couelatol' two atunm engini'S , ouo of which hns boon rocontly erected j four watcr-wheela , with pumping and forcl ' nir nnpnratus coiinootod thcrowilh ; snwiiiB' ninohlno ; two llflinur frnmes for rnlsjiiff flOO tons n-diiy each ) two wiktor-balnnces of vnut powor 1 four inclliiod plitnes , with drums , chains , nnd tramways oompleto ; Umr wvigh i » w niaohlneej iron pumps , pipes , whiwoium nonrly two iiiIIoh of trniuway \ *'» oottng-oH \ workshops . Iniplornoiits , and machinery of overy cleHorlptlon neooawary for unrryliiH' on a " t ^ o eiVllro ostato is slato roolc , tho qunllfcy ol wliloh cannot be excelled , niul the qunrrloe may bo duornuij | H-aolloi ; lly noxhuuHttblo . The Nimtllo Mmllwiiy pasHCtt ilirouwlf tin ; nroiierty , by wliloh > tho ulntuH tire now clollvorod at tho port uf Ourmivvou lit Mh . Hjd . por toil , but by a projuctot rullwny . from tho qunrrlOB to the son , tli « coHt of trniiHlt will bu 10-duoorl nt lonHt ono-hnlf , whllo , nt tho anmo tlino , j TjH' 11 ' h vfll bp n / 1 ' orded for tlio romovnl of nil ( ho wiiHtc roeK , me

      Ad00106

      , r effect of which upon the . future workiner Of the quarries will f be extremely beneficial , and largely enhance the permanent b value of the property . t The celebrated quarries of Colonel Pennant and the late Mr . Assheton Smith , on the same veins of slate , are said to realise profits amounting ; to upwards of £ 100 , 000 and £ t 50 , O 0 O per annum respectively ; and the Cilgrwyn and ' Dorothea Quarries , contiguous to Talysam , are now yielding very large profits , although paying a heavy royalty of t 3 s . per ton , trom which these quarries , being Ireehold , are i exempt . The £ 25 shares in the Dorothea quarry are now saleable at £ 3 o 6 each . ' Reports , from agents of the Bangor and other quarries , together with estimates appended thereto , show , with a small expenditure of capital , a profit within two years Of upwards of £ 10 , 000 per annum , or 20 per cent . The capital ' , of the company is £ 50 , 000 , of which £ 10 , 000 will be considered the working- capital . . . The freehold of the entire estate , with all the quarries thereon-, and the plant and machinery , have been conveyed ; to the Company for £ 40 , 000 , lalf of which the proprietor takes in paicl-up shares ; a further sum of . £ 15 , 000 remains on mortgage , and ^ £ 5 , 000 only is to be paid in cash . The , proprietor reserves to himself the house and premises -now . occupied by him on a lease for 21 years , at a nominal rent . :. , Th « accounts will be audited every month , and the balanc-o sheet can be seen at the offlces of the Company by any of \ the shareholders . . ¦ 1 A report on the Talysarn Slate Quarries , by Mr . William > Jones , of the firm of Jones Brothers , of Wharf-road , Cityroad , and Pimlico , on an inspection made by him during the 1 montli of October , 1850 : — " "After a careful inspection of the Talysarn Qunrries , I am ot opinion that with a capital of , say £ 10 , 000 , under proper management ,-the said Quarries would become a verv profitable and safe investment ; the extent of the slate rock belonging to the estate being larger than any other in that neighbourhood ; and the quality superior to most , and inferior to none , of the far-famed Carnarvonshire slate veins . " The rock has been sufficiently tested both as to quality and extent , so that with me the question reduces itself into one of capital and management . Then , as regards capital , the present Company has a very great advantage , seeing that they will literally reap the benefltof formercaipitalists ' outlay : nnd , as regards management , it ought certainly to be in the hands of a person practically acquainted with the working-of slate veinB . . ' _ "I form these opinions aftoT a life-long experience , formerly in the practical capacity of a quarry man , and now for many years as a slate merchant in London . " If jlio Directors as a body , or any one of them , wish to consult me in reference to the -above quarries , I an always at their service . WILLIAM JONES . " Enamelled Slato and Marble Works , 13 , Wharf-road City-road , and at Pimlico , London . —October 21 , 1859 . " Applications for proHpcctjuBoa and for shares to bo rnndc to thft broker , Roger Mortimer , Esq ., 77 , OW Brand-flfreer , to the BOlicitors , or to the secretary , at tho ofllco or tlio ^ Sepoait of £ 1 per share must bo paid to tho bankers at or before tho time of muklngauoh application .

      Ad00107

      BANK OF DEPOSIT , E 8 TAnusnEi > A . D . 1814 , 3 PALL MALL K A $ T , LONDON , CAPITAL ^ TOC'K , ^ lOO . QOO . DARTIES DESIROUS OF INVESTING , Jl MONJ 2 V « ro requested to examine the PI 1111 of the - Bank of Dunobit , by which n high rnto of Intorost may be , 0 W SWM ^ . * WoJ « »«» ry and . Tuly . ^^ . Forma foropeuing AcoohiUb Bunt IV 00 on "l'plli '"'^^

      Ad00108

      BWaLAND AND FRAN" 0 E-UNI 0 N AND PEACE . "OIFTY GUINEAS WILL I 3 E Q 1 VKK " JO for thobcHt JOXOLISII KS . SAY on the Jmjiionisu Im-Dortaiioi ) of u cIoho UiXION OF ENGLANJ ) AND FHANCK , both for tlK-lr own liitovost « nd wolfliro , and for tlio noiico nnd liappliH'HU of niunkhid , wltli mio-goHtlonH on tlio bt-nt HicniiHolinukin g- thlu union porno tun I . AnjimjOATOUH-Lord HroiiB-hnni nnd Viiux , I ' J ,, l \ K . fcJ , « the 1 JfinrJ u * rlaroiirton , K . G ., O . C . li ., l ' . C . 1 thu Kiul oi B AlJrSrHniiS ' wUh n dotnlloil pamphlet In Wiwllnh «» Wj- ^ : - 7 .- ^ 1-Yi'iioli . may bo olilnlm-d on n )) i ) lioutlon , unclohliiK ^ flW ) , 1 \ . / , \ noitimi BriuiiiiH , to tho Hoy . Ur . Mmbiiton , liauwcirCpl ^" . . . > v ' , > A ^ K-t ftf , HldilluBux . : & ' ' ' ' " i / h : -. " . v !> M ^ < v , r 1 v ^ W 5 w - # SwS * /^ fePS In lOnglluli iinA— % ' — - , , vnulohliiic ^ But ) . > . /¦' ' \ , 11 an well Cpl *;" , ' . \ . . ' , ¦'¦ _ » A K ¦*** ¦' ,- '¦ ' ¦ ¦ -is iy : .- , \ ¦ $ ? - $ ' $ p . "s ' . " ¦ " y ^ i 1 '' ' I's t 1 w ' ^ wwk

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  • Citation
    • Leader (1850-1860), Nov. 26, 1859, page 1, in the Nineteenth-Century Serials Edition (2008; 2018) ncse-os.kdl.kcl.ac.uk/periodicals/l/issues/cld_26111859/page/1/