The Express.
London, England, 1864-03-05 00:00:00

PROSPECTCL.

The object of this Company is to purchase and extend the wells
known and successful badness carried on by the Thames Iron
Works and Ship Building Company Limited). at Blackwell
The Thames Iron Works and Ship Building Company (Limited'
was estabUshed in the year 1567, and has now attained the fore-
most position in the oonstructioe of vessels of war sad ships of
the highest class for the commercial marine. The iron for these
vessels, and for their armour plates, la manufactured on the ,
premises, together with forgings and castings of the largest clam
for marine stone., bridges. and other similar works. The rolling
mills, steam hammers. foundries, smiths' shops, saw mills, de.,
are all of the beet class and in the highest state of efficiency,
forming together an establishment unequalled.
Three of the largest ironclad frigates in the British Navy. the
Warrior Valiant, and Minotaur, have been built by the Thames
Ship-Building Company, and orders have been received for tren-
ded vowels for the Danish, Rankin, Spanish, and Turkish
navies, some of which ere saw in course of construction.
It has beim determined to add to the e Urging business of the
Coen two ether lucrative breeches. namely. Graving Docks
end se, which are naturally end essentially connected
with its present operettas* For this purpose, as wen as for the
large and Increasing business of the Company, •conaiderable
extension of capital will be required as the warts advents : and
in order to carry out the objects in view, it Le proposed to transfer
to the sew Company subject to payment of the dividend for the
past year) the whole of the valuable contracts, assets, goodwill.
and effects of the Themes Dna Works Company. together with
Its liabilities and en uts, as from the 1,1 of January. 156 i,
in consideration of the payment to the Thames Iron Works
company of the sus of 1376,1100, of which the shareholders in
that Company will take £150,0001, fully peiel.ap shares, and
1115.000 in debentures of the new Company, beaming Interest at
6 per cent. per annum.
'The property of the Company consists of 60 acres of freehold
land on the Essex aide of the River Lea, next Blackwell, and
tbe and branch worts knows@ as the Phenix iron
Wor Wiliest', together with the valuable plant and works,
It Is 'proposed to construct two Graving Docks capable of re-
eelvieg ships of the kerma clam, tor which the accommodation
on the River Themes is at present lasofncient. For this pur-
pow it is intended to purchase eight acres of freehold land Ina-
mediately adjoining the works, harts, a frontheis both to rio.
Creek and the River Thames, which land is at present in the
occupation of the Company, with the option of purchase.
The proposed new Gorsing Docks will be In the immediate
vicinity of the East sad West India and Victoria Docks: ant it
is confidently anticipated that from their admirable situation
constant and remunerative employment for repair', both of
ships and engines, will be found.
The existing contract@ of the Thames Iron Works Company,
which will be transferred to the new Company, amount to up-
wards of a million and a quarter sterna( tly of the
work in hand for the feege and rolling mills), and have ail been
taken on such terms as fairly to justify the anticipation of the
raise profitable results which have already attended the Com-
pany@ operations.
All the Directors of the old Company will retain their Interest
In the new company, and their math at its Board, and the man-
agement will remain in the same experienced hands which have
hitherto conducted It so successfully. and raised it to ha present
state of prosperity.
Applications foe shares to be made in the antlered form. In
the event of no allotment of shares being made. the deposit will
be returned in full. Should a less number of shares be allotted
than are applied for the deposit will he made available towards
the payment on allotment, and the balance, if any, returned to
the applicant.
Prospectuees and forms of application for shires may be ob-
tained at the temporary oMoes of the ()slummy, Is, Ring-street,
Cheapaide, and of the bankers, brokers, and solicitoea.

TORN OF APTLICAT/011 TOR MARIS.
To be retained by the Bankers.
Gentlemen,—naving pall to your Bankers, Mears. Prescott,
Grote, Care, and Cave, the sam off being a deposit of
per share on shares In the above Company, I hereby request
that you win allot me that number. and I agree to accept such
share., or any less number you may allot to me, and I agree to
pep the deposit on allotnienk sad to alga the Articles of •Assocle•
Insert
of the Co when required , and authorise you to
insert as name on the register of members for the number of
shares a to me.
Dined nignatare
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Preinisa
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