The Express.
London, England, 1865-06-03 00:00:00

asCIIVI

L 0 N D 5215 i ft WEri CO nt PANT
4/90.010,1=Orans et US each.
Deposit on application Al per share, and di on allotment.
Power will be taken to pay 5 per cont. per annum on the paid-up
capital until the declaration of a dividend.
DitaCrulla.
The Honoureble Richard Daman, Coate. near Petworth.
Joseph Bravo, Req., Upper Hydepark-Swims, Dinner of the
Werrant Finance Comp's).
Henry Harwood Harwood, Req.. 29, Cleveland-equare, Hyde-past
W. L Hilliard. Faq., Cowley-bocuie. Uxbridge, Director of the
lenity and Law We Assurance Company.
B. W. Johnson, Rao., Bricklehampton-hall. Penhore. Director of
the National Mercantile Assurance Society.
Coleridge J. Kennard. Paq , Director of the Consolidated Bonk.
Henry Munster, Tap., Director of the Law Union Fire and We
Insurance Company.
Bruce B. Todd, Esq. Naas. Findister, Mackie, Todd, and Co.),
London-bridge.
Boning The Consolidated Bank, Prochurchotrest, and
Branches.
_ _

SoLiOrion—Mows. Dale aa:iiiietlon, 11.,Orars•Inn-square, sad

SURVIVOR—Edward Ityde, isq., Bt. Thomas-street gonthwark.
Annnirson—bleasts. Mont and die/Allmon, 4 Neilament-street
SWUM —Mews. Rohint..Barber, and Dalley,

I?, Threadneolleatreei
AND/TORS—Mere. Coleman, Turquana, Tamp, and Co.,
Id, Tokenloan-yard.
Bacinair (no TlN.)—f. A. Oliphant, Eaq.
Temporary OSleas-111, Tottenham*-yard, E.C.

This Company is formed for the purpose of purchasing the
valuable Freehold Math In the Borough of Southwark lately
the site of St. nooses Hospital, occupying an area of about
three acres, and situated at the termini of the South Eastern
and Leaden, Brighton, and South Coast ItMlways.
The 'oath wine of the Hospital, which cost upwards of £lO,OOO
In its erection a few years since, Is untouched, and. together
with another building of considerable sire, facing the Interna-
tional Hotel, well be acquired with the freehold.
The Railway Company, whe purchased the property from the
Hospital, having no power nada the acts of parliament to raise
funds for the development of a building estate such ea this, are
under the necessity of gelling It in its entirety.
The great value of land in this Immediate neighbourhood has
been thoronOly proved in the buildings now in progress in the
new street from Southwerk to Hisokfriern Them buildings are
altogether of a vary superior character to any hitherto erected in
the district, and the ground rents are equal to the best property
in the hurt of London. As an Instance of this fact, It may be
toted that the ground rest of the new building of the Alliance
Bank is MOO slaw, and the plot of monad at the corner of
York-street and High-street, Immediately opposite the land of
the Company, Is lashed at a ground rent of £tioo a year, which,
according to the dimensions, would give • rental We acre of
about £7,600, or a value at twenty-An years' purchase of
£0703,000 for the hospital land.
The cost of purchase to this Company will not exceed £400,000.
a sum very much below the estimated value put on the ground
by the most eminent surveyors, and given in evidence by them
before the arbitrators spectated by the Government to determine
the valise betweea the Hospital and the Railway Company. •
large proportion of the amount required for Purchase can be
provided -cm niceties's.
Plans have bees prepared showing an extensive line of street
frontage adapted to shops and warehouses, and the high rate of
rentals obtained in this locality, especially for frontages facing
the meat thoroughfare from the termini to London-bridge and
Southwark, Is estimated to ensure a profit rental of an equally
remunerative character to that referred to above.
TM first object will be to cover the ground with suitable build.
lugs, for which purpose the Directors will be prepared to treat
for the sale of the fee of some ppoorrttiloons of the property, and to
grant leases at geoanddents, with or without advances
of money, for others, as well as to undertake the erection of the
buildings when desired by responsible parties The ultimate
'Mention, however, is to create a permanent valuable property
in the shape of ground-rents, for which the site Is eminently
adapted.
In addition to the meat demand for shop property In the
fromteges next Wellington-street, and the approach to the rail-
way, warehouses and other badness premiss in the rear. and
land and buildings In mane:los with the wharves and river.sid•
trades In the part seat Joiner-street, are equally in request.
The clearing of business premises about to be effected In the
City for the new street from Blackflies% to Walbrook, and other
public Improvements, will greatly augment the demand for
property in the locality, this land being the merest available
spot for UN occupation of those who will be thus ej aid. Apart
trots this fact, however, It Y well known that all land within&
given distance of the City Is very rapidly increasing tn value.
The South Wing a most substantial building) may be made at
once remunerative by being converted into a Hop and Halt
Exchange, or premises of a 'imam description, provided with
offices and warehouses, arranged to meet the requirements of
merchants and others, which may be effected at • comptirati rely
small outlay on the pert or the Company. Inrefermice to tbepro-
Stable eheracter of this particular part of the undertaking it may
be mentioned that the original flOll shares of the London Corn
IL:change am now worth £1,350.
Power will be taken to issue debentures, and by this aroma,
and the plan of operations already referred to, the paid up share
capita of the Company will be kept as snail as possible. In
order that the rate of dividend may be proportionately em
hewed.
The Dtrocters will be empowered by the Articles of Association
to pie Interest half-yearly at the rate of a per cent. per annum
on the paid-up capital, until the creation of ground rents and the
realisation of profits from other sources shell warrant the pay-
ment of alarger dlvidesd.
To those who desire to Invest capita, either In large or small
amounts, upon tbe absolute security of real property. this Com-
pany aim as opportunity rarel the'I ever, mbrattied Mahe
public before, combining therewith proved of as high • mile
of interest es may fairly be looked for be undertakings of semi •
purely speculative darnels.
la the event of no allotment being made, the deposits wilt lea
returned in full. Should a less Number of share. be
thaw are applied tor, the deposit will be med. available LTilird—;
the payment on allotment, and the balance, if any, fettlritad
the applieset
The grades et emedattea may be we at the slim et thethil-
Wore of the Osenpaay. Prospecineekwith farms ofre
far shame ennead. may he obtained at the bankers.
solicit= MMaws. a.IL sad A. T. Jab 14
Pad.