The Express.
London, England, 1864-04-02 00:00:00

P!.OSPIDCTLI!.

This Company has been formed fiTirtie purpose of purchasing
and extendfng the valuable and old- igablished shipbuildiag
and engineering bllaillela of Messrs. Smith and Rodger, Glasgow,
a firm weU known on the Clyde during the last quarter of a
century ea successful baUdera Them le probably no branch of
industry which has been more profitable In Scotland dung the
last few years than Iron skipbuildiag. and when the great ad-
vantages permed by Glasgow sad its vicinity are considered,
the rapid and isereasing expansion of the trade la that aeigh-
boorhood Is not sarpeislng
The Cle pommies great advantages, compared with the
Thames, In the lesser ecet of coals. iron, sad wages: while the
skill and Industry of the Scotch artmana unlvenally acknow-
lettablreeton have made a provisional contract, by which they
have secured. under a very favourable &maw:meet, the business
of Mews. Smith and Rodger, including the whole of their
building-yard, engineering premises plant. too's g ed will, and
connexion, as well as the benefits &Mug from valuable existing
contracts. to be paid for partly In cash and partly in shame of
the Company.
The partners of the firm have screed to join the board of
direction, thus giving the Compaim the advantage of their valu-
able influence and experience, and as the entire stall of Mews.
Smith and lodger will also be tranderred, under the arrange-
ment referred to, the Company will be enabled to enter imme-
diately upon a bushier in full and profitable operation.
Although several ship-building map ides have been esta-
blished In the vicinity of London and Liverpool. whore topera-
thins Lave been attended with great success, the business on
the osoks of the Clyde has hitherto bees exclusively eented on
by prima saties, and the large tortuous accumuladla
scotch akipbuilders are a guarantee of what might expected
fromential the working f
dir of a Company posemelas ample means, as
influ body o
The immense impetos given to iron shipbuilding by the nu-
merous steamship companies recently established under the
Limited Liability Act, which will require vessels of great size and
power. for trading to all parts of the world, will undoubtedly
prove a constant sourer of highly remunerative employment to
this Company; and It is evident that the day is fast approaching
"hen iron ships will be used exclusively. not.only for the
itiin otherveyance of ts
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Owing to the revolution which Iron-pinto-a
ships have effected
In naval warfare, it has become necessary to reconstruct the
entire navies of Europe, and from the admirable manner in which
the iron-plated vessels of war, recently added to the British
tan, have been eonetructed by private aidliohnitices and by the
Thames Iron Shipbuilding Companion, there to not the slightest
doubt that the building of the germ of Great Britain and the
other naval powers will In future be largely entreated to such
companies.
A oval element In the success of Ude Company Is the fact
that there will he • London board. ready to contract for the
'or-lowland important contracts of the Bring, and Foreign gil-
-1 vernieents, and the large shrine compenies, whose orders are
naturally first placed in hag in Loudon, and stitch are much
more to be secured by the 'anthems of a metropolitan di-
rectory, than by the application of • provincial shipbuilder.
The artlcks and memorandum of saeociatioi nay be Inspected
at the solicitor. of the Company. Ileum. Dawes and Sons, Lon-
don, and Messrs. Lagoon& and Maclean, Glasgow.
Preepectuses and forms of application may be obtained at the
London Financial A/00Ciatiell Limited , Threadneedieetreen
the hankers, brokers, sad solicitors of the Company, and of
Messrs. H. and A. T. Jay, 15, Tokinthouse yard.

EAST CHAIRS and FURNITURE.
HOWARD and SON, WAREHOUSE—The nobility and
gentry abotild INsPECT Messrs. HOWARD and SONS' superior
BfOCI2. aS Wood 27, Barners4Araet, Oxiordotryot.