The Express.
London, England, 1864-04-01 00:00:00

AtiargMM. -
John Ball, Fag. !Messrs. Quitter, Ball, and Co.`, London.
John Young. Faq. (Meru. Coleman, Turguand, Youngs, and
Co London.
William Andersen, E.q., Chartered Accountant, Glasgow.

RADIUS.

She Mercantile and Exchange Bank k lamlted), 4, Lombard-
drank and 41, Mincing-lane, London 17, Brown'pbultdlo4P.
Llvarpool M., 91. Vincent-place, Glasgow.
The City of Glasgow Bank and Branches.

NRONI.

London—Yrsncia BurnanaTiaq., Donnty-chantbeni,
Glaagow—Mesan. Kerr, Anderson, and Brodie.
Manchester—Robert M•Ewen, Fay., Bank.dreet Exchange.
Conni.riaa Knarizzas—Meaus. R. B. Bail and D. Miller, civil

Bothwell-rieT,—Gl76io;:

abk-RETAKILS pro km.
E. Coleman. Erg , London. H. Lsmond, Esq., Glasgow.
Temporary 0111ces—,IS,..Tokenhoyse-yar.d, London, E.C. ; and

rairTiEcrus.

This Company has been formed for the purpose of purchasing
and extending the valuable and old-established ship-building
and engineering badness of Mews. "With and Rodger, Glasgow,
a firm well known on the Clyde during the last quarter of •
century as surionsful builders. There is probably no branch of
industry which has been more profitable to Scotland daring the
last few years than Iron ship-building, sad when the great ad-
vantages possessed by Glaagow and Rs vicinity are considered,
the rapid and inereasbm eipansioe of the trade in that neigh-
bourhood is not surprising.
The Clyde possesses great advantages. compared with the
Thames, la the Weer cod of coals. Iron, and sages while the
skill and industry of the Scotch artisans are universally acknow.
'edged-
The Directors have made a provisional contract, by which they
have secured, ander • very &eversible arrangement, the buethem
of Mews. Smith and Rodger, Including the whole of their
building-yard, engineering premises, plant, tools, gaud will, and
enlinextoll, an well as the benefits arising from valuable existing
coutracts, to be paid for partly in cash and partly In shares of
the Company.
The partners of the firm have agreed to Join the board of
direction, thus giving the Company the advantage of their valu-
able Influence and experience, and as the entire staff of Messrs.
Smith and Rodger will also be transferred, under the arrange-
ment referred to, the Company will be enabled to enter imme-
diately upon a business in full and 'Rentable operation.
Although several ship-building companies have been esta-
blished in the vicinity of London and Liverpool. whose !opera-
tions have been attended with great success, the bedew on
the oinks of the Clyde has hitherto been excluslrely carried Oa
by private enterprise, and the large fortunes accumulated by
, Scotch ship-builders are a guarantee of what might be expected
from the working of a Company posseseitig ample means, and an
Influential body of directors.
The Immense impetus given to Iron shigsbuilding by the nu-
ineruns steamship companies reoently established under the
Limited Liabihty Act, which will require remade of great sirs and
Power, for trading to all parte of the world, will undoubtedly
prove a constant source of highly remunerative employment to
' this Company : and It Is evident that the day is fast approaching
when iron steam ships will be used etc lusi.oly. not Only for the
conveyance nfLey=ts and passengers, but also of Isis, silks,
and other desert of the Wert and most costly articles of
commerce to from every portion of the globe.
Owing to the revolution which iron-plateil ships have Netted
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
eery, have been constructed by private shipbuilders and by the
Thaw. Iron Shipbuilding Companies, there is sat the slightest
doubt that the building of the fleets of Great Britain and the
other naval powers will in future be largely entrusted to such
companies

A prat element in the success of this Company is the fact
that there will be a London board, ready to contract for the
various and important contracts of the British and Foreign go-
vernment; and the large shipping companies, whose orders are
naturally ant placed in hand in Londia, and which are much
more likely to be secured by the influence of a metropolitan di-
rectory. than by the application of a provincial shipbuilder.
The articles and memorandum of association may be inspected
at the solicitors of the Company, Messrs. Dawes and Sons, Los-
don, and Messrs. Lamonds and Ilarhickie, Glasgow.
Prospectuses and forms of application may be obtained at the
London Financial Association Threadnewilestreet .
the bankers, broken, and solicitors of the Company . and of
Messn. (s. H. and A. T. Jay, IS, Tokenhouse yard.