The Express.
London, England, 1864-05-04 00:00:00

THE BURMESE OIL DISTILLERY
LJwlted).
tinder •• The Companies Act, laGi."
Capital AIOO,COO, la 10,o)0 Share of Ali/ each.
First Issue, 5,0e0 Shares.
A minimum dividend of 71 per cent, per annum guaranteed on
the paid-up capital for the nest three years.
Al per share on application, sued At 10s. on allotment calk not
to exceed £2los, per share at intervals of not less than three
months.
It is not proposed to call up more than AT 10s. per share but,
as mare capital may be required, to issue further shares, ste-
el!, pro path. amongst theshareholders, at par, and one-half
to the public, the premium on the latter to form part of a
reserve fund.
olitacrolta.
JOILN OGLE (Meters. Ogle and Co.), Calcutta and London.
Chairman.
William Cr...,, St. George's place, Hyde-part, London.
John Alms Hanka, Hus. (lean. Dumas, liankey, sad Co.),
London.
WIIWm Lyall Venire R. and W. Lyall and Co.:, London.
R. Campbell Macrae, Rangoon and London.
T. IL Scarborough, Ltionsubery-square, London.
David Wilson ',Deese Wilson, Worcester, and C 0.,, Calcutta
and London.
With power to add to their number.
BANEScs—The Agra and United fierce Bank (limited), Ca.-
omeetreaL
&7110nosa—Dram nod Co., 7, Bank-buildings. City, and Mi,
torta street, Westminster.
ArDiToins.
Stanley L Bennett, Penile Accountant, Nlcholeathisse.
Francis Chambers, Fen.court, Feuchnrch.street.
BROCLIB-81ms and Hill. 3, Bartholomew-lane, Bank. 1
MANAGER —L tS. Greenstreet
AGE= FOR PARlS—Ensile Belem, 30, Rue dee Petite earths.
000m-21. Great it. Helen's, Bishopegatseetreet,
PROSPECTUS.
The description of oil called •• Petroleum." lately dbcovered in
Poluntylvaala, which has already grown Into a trade, employ-
ing mullets der e& baa bee known for at least four !sande ad
years in the Burmese empire.
Crude •• Petroleum," though burned by the natives of Hannah,
bas never been used out of that country for the purpose In cow-
sequence of ithlimpunties, which ma only be removed by distil-
lation—lt has, however, been distilled in England, and the roiled
oil skipped We to the let Indies
The trade than carried on has entailed large lasses to the im-
porters, while distillers have derived large peoßia, so scarcely one
half an be converted Into Rae all, the redone being of little
value In England, but costing the same for freight, Jennie%
As., which amount to from Llf to Cit, yea ton, whilst In Burmah
this residue is as valuable as the crude oil itself In Bunnah.
To obviate this, and extract the fine oil on the spot, the 411•••
Of a plea. of land in Range% comprising about go acres on the
banks of the River was taken, and oo It a factory, with still;
steam power, superheating apparatus. saw mills, and every other
appliance, for working upwards of 100 tons of oil per week,
erected by au engineer sent expressly from England : and
wharves, cooneradea stone, Ac., were built.
This property has, in ecammithemes d the death of the residue
pireprietor—which took place just se he he completed the
•• workee•—been offered to this Company.
The lower. who resides In England, will maks over the lease,
factory, and plant !with option of purchasing the freehold at
06,000) for the sum of A 20,000, one-third of which hr will
take in paid-ap shares, and baa guaranteed, Use setts/mil=
of the directors, dividend of 7 per cent. per anomie on the
paid up capital for throe years, whim confident it will exceed
PR per cent. the refined oil being at racy high prima all over
the Rest and to Australia.
The consumption of Calcutta alone being sufficient to absorb
the predicate of the factory for Wall time to oome.
There Is no paid promoter In thlt Cowpony, sad Use prelimi-
nary swam wUI be strictly coaßned to oecessary outlay.
One-fourth Use capital km been privately subtailmd by the
Directors and their Mends, and the rining shares will be
allotted with doe eon ideration to priority of
Prospectuses may beebtainsel from as bankers, brokers, soli-
citors, or manager, at IM caves a the Company. where plans
of the lead and distillery may be seen, and the Article§ of 440-
lloa inspected.