The Express.
London, England, 1864-04-30 00:00:00

PRIJOIPWTCS.

The description of oil calleti7.7riroftum." lately discovered in
Pennsylvania, which has already grows into a trade, enitibii •
lag millions sterling in Europe and America. and is now a I but
universally consumed for luminating purposes, has beets knout'
and utilised by thousands of tons annually for at least four hun-
dred years in the Burmese empire. where It is obtained of a
uniform and very superior quality.
Crude Petroleum, or Earth Oil.- though burned by the
poorer natives of Burnish, has never been used out of that
country for the purpose in cuna.equetate c f is imitunties, Mhi.li
can only be removed by a preular mode of di.ttiLitaou—at b:va,
however, been shipped to, and distilled in England, and a pArtirin
of the reined oil has been returned to the East indica

The trash thus carried on hie entailed large theses to the Inn.
porters of the crude oil, while distillers have derived large podia.
is scarcely medalf can be converted Auto the oil, the reel eie
being comparatively of little value in England, but costing the
same fur packing, freight. insurance, de., which amount to loan
tI2 to £l5 per ton, whilst in Rau,,on, Moulmein. etc., this
residue is so valuable as the crude oil itself, for coating the
bottoms of native boats, as a subititide for pease, Us Re
To obviate this, and extract the One oil on the root, the lease
tee tea years, from Ist March, leul, of • piece and in Ran•
goon, comprising &boat 30 scree portion of which has been
let for per annum , admiraWy situated on the banks of the
River Irraereddy, was takes at a rental of £5OO per annum• and
on It a factory, with stills, steam power, superheating apparatus,
saw mills, aid every other appliance, for working ithwn'dk of
100 too of oil per seek, erected by au engineer sent expressly
from England : and wharves, cooperages, stores, etc.. were built.
This property has, In consevpieure of the death of the resident
proprietor—which took place just as be bad completed the
" ouch"— been offered to this Company.
The present owiser, who resides in England, will make over the
lease, factory, and plant with option of pnrchaalng the freehold
at Cii,ooo: fur thalami of AlO,OOO, owe-thud of which be will
take in fully path op shares, and has guaranteed, to the Within.
lion of the directors, a minimum dividend of ;I per cent, per
axiom on the paid up capital for the first three years, feeling
coafideat the poets will tweed 25 per cent the refined oil
bring saleable at very high prices, for burning, paint .th& it... In
Calcutta, Mabee, Bombay, Australia. wad all over the East.
The consumption of Calcutta alone is sufficient to absorb the
productiou of the factory for some Unit to come.
The Directors have • competent manager sad an mokneee who
will at once proceed to ithogoon. and ban the advice sod assist
thee of an eminent memo/dale Arm there, who bare undertaken
to act as agents for the COOSt any.
Them Is no paid promoter ha this Company, and the
nary expenses will be strictly enninegi to necessary outlay.
Onotoorth the capital bas been privately subscribed by the
Preetors and their friends, aid the renlaining *bares will be
I allotted with due consideratiosi to priority of applicatien.
Prospectuses may be obtslard trues the bankers, brokers, soli.
diem or manager. at the offices of the Company, where plans
of the land and distillery may be ems, and She Articles of Asaa
llon inspected.

HOME and COLONIAL ASSURANCE
COMPANY ILim.teJ —FIRE. LIFE. and MAKIN&
Capital, ,c2.ooo,outi. in So,Oha Shares of 4:0 each.
With weer of Diereses.
WRltTolti.
James Anderson, Peg ;Anaemia aid Thomson'. London.
William Frederick Baring. li..i , Director of the Bank of
Hindustan.
Stephen Busk. Ds., Director of the Merchant Banking Company.
William fondue, Lop, Director of the Standard Bank of British
South Africa.
Mex. Fraser. Lag. ;Maclaine, Watson, and Co.', Batas...
Leal! .Tager, Maclaine. Fraser, and Co.', singapore.
Clark Irving. Dal., Hide Parkaguare.
Duncan Jame. It ay, lop (gay. !inlay, and Co', London.
James Lyall, Eau. ,Lyall, Rennie, and Co.;, Calcutta.
T. W. L Plackean, kaq., London.
James Ms Mater. tarp late of William McMaster and Brothers,
Toronto and Manchester.'
Brinsley de Conn; Nixon, Bag., kineen's-ple Gardens.
Auguatus Henry kneed, Lag. ,Novelli and Co., London and
Manchester'.
John Paterson. tip., Director of the Alliance Bank.
Fella Pryor, Fay. of the lice Orm of H. and J. Johnston and Co!.
John Rwindelk LA. :Swindell and Matthews, Mineing-lane.
Witham Paten k Ad.tn, reg . Blair Adam, kinroeshirs.
Henry Tburburn, Eag , 5. Queenshoroughaerrien.
James Wylie, r„.y. Gladstone, Wylie, and Co., Calcutta).
laltaihslTlß-1. J. Cholay, Inn.
Leedom—The Alliance Rank. Lotbbary.
„ The Consolidated Bonk, Feeekurelaatmet.
Liverpool—The Milano, Bank.
Manebesur—The Alliance Bank.
The consolidated Bank.
kcicrronn—Flux and Argies, Minclng.lane.
Temporary tHilees—lo, St. Helenaplace, Blabopegate-street.