The Express.
London, England, 1865-05-31 00:00:00

HENRY MORRIS REMSII7SAD, Pay., Director of the Scottish
Onion Assurance Company, Westbourne-park, Chairman.
Philip Patton Blyth, Yaq., Director of the Loudon and Cotutty
Banking Company, 53. Wimpole-street.
William (.10de Braddou, Fag., 4, °nett-terrace, Hyde-park.
Babettelark. Esq.„ 21, Chentiw Villas West. Illiyawater.
Henry Harwood Harwood, ' Chairman of the West Worthing
Waterworks Company, an Director of the Nest Northing
Investment Company, 29. Clevetand4tquare, Hyde park.
Alexan7 Stander Hector
-g , Eel., Director of the Landed Estates C,om-
AIDS
. leyardens, Nottin-hi&
Robert 0. Lancaster, Esq., Director of the Credit lender of
Mauritius, 66, Nimpoleatreet.
ith power to add to their number.)
Batialits—The London and County Bonk, di. Lombard-street
and Bayswater and other Branches.
awaken
London—Messrs. George Burnand and Co., 69, Lombard-street.
Liverpool—Hears Taunton and Co.
Manchester and Hall! ax—Meter,. Mewborn end Barker.
IioLIONOVA.
Means. Lake, Kendall, sod Lake, 10, Lincobieinn.
J. L. Spas, H.q., 7, Purntvais-ino.
ARM/TILT AND fillavaroß—Henry Currey, Fag., 4, Lancaster-
place, Strand.
illicitgranY 'pito rim.)—Edmund Robins. Esq.
Temporary tfillices—City, It, Leadenhalletreet Nest-End, 6,
Waterloo-place, Pall-mall, &W.
The obleetsfer width this Association la established, and which,
on a less extensive scale, see frequently and profitably achieved
by private esterprhie. are :
1. The purchase of freehold land In the western district of
London, adapted to building purposes.
2. The creation of grown' recta by letting the laud in large or
small portions, on building leases (the Association Itself being
restricted from all building speculations whatever).
3. The ultimate sale of these µround rents, and kale.
With the shareholde; a pro rata of the proceeds of such sale.
With a view to these objects, the Directors have entered into
a provisional •k-re. meat for the purchase of 100 acres of the
Portobello Estate, at Notting-Mil, in the pariah of Kensington,
as shown in the plan attached to the prospectus. at au average
rat* of C 1,360 per acre. The terms of payment have been
arranged as follows, viz.:-2,006 shares fully paid up. • money
payment of £35,600 on the 24th of June, and the remainder in
debentures of the Association, bearing interest at 6 per cent. per
sawnm. It will thus be seen that the calls will be very light and
ertsy. It Is not expected that snore than Kt per share will he
required during the whole of the year 1E46, nevertheless share-
holders desirous of paying up et once, for the purpose of obtain-
ing_the favourable rate of interest of 6 per went. per annum,
will be permitted to do so to the extent of LI 2 per share, beyond
width guru previously stated) it la not expected that further
calls will be necessary.
It may be seen by a visit to the locality (which the Directors
Invite) that this land stands high, is already ripe for building
s, and forms part of an estate, other portions of which
;r:en recently covered with valuable house property, and
also upon which two district churches have alre " been built
and conwycrated, via. "AB Saints" and "St. Luke'a.Convenient
and rapid commenicatlon both with the City and Westminster is
afforded by the Hammersmith and City Hallway, the Rotting-
hilt station of which is within 300 yards of the mutbern boun-
dary of the property ; and arrangements have been made by
which an approach to the station in this direction has been
OtherNea by means of the ro ad, 00 feet in widh, shown on the
Other advantages of free acmes to thet adjoining roads
ere been also secured.
There is brick earth on the estate, and the middle level sewer
runs through the centre of It, ensuring at once thorough and
inexpensive drainage. The only woks to Le undertaken will be
the formation of the main roads sod connecting sewers. The
whole or greater portion of the outlay for thene works wall
Mentually he repaid by the builders.
The Directors mill be empowered by the articles of association
to pay We; est halt) early at the rate of 6 per cent. per annum
on the paid up capital, for live years from the date of allotment,
pending the elution of ground-rents, which it is hilly expected
will then enable the Directors to oeclare • larger dividend.
In the opinion of the eminent surveyors, whose reports are
appended to the prospectus, the whole of this land will have
beau built over la about lu years front the present time, at the
end of which period the property of the Association will consist
exclusively of ground-rents, the safest and moat marketable of
Investments, and of a value, according to the eatimate of the
surveyors (to which attention is called;, very far exceeding the
amount of capital to he expended In the undertaking. Mr.
Currey rstimates the probable profit at C 174,000, from which,
however, the estimateomy £20,100) Would have to
ofe de-
ducted, and this is corroborated by the report

BeaL
When the whole of this estate shall have been built over and
;0 ground-rents created, It Is Intended that the same shall be
Id (when such shareholders as may be desirous of becoming
freeholders of property in laiddleset will have the opportunity
aC riled them,, and the proceeds divided pro rata amongst the
Maw The Directors, however, will be empowered to
eta sates In tbetneetim as favourable opportunities shall ocenr,
and the proceeds will, in their discretion, be carried to capital
account, or be Welded among the shareholders by way of bonus.
As an Invretreent nothing tan be more safe, the subscribed
capital being Invested in the pumhase and improvement of free-
• hold land, which, by reason of the growth of the metropolis, is
rapidly increasing in value.
'ln letting or fting the land, preference will be given to share-
holders.
The Articles of Association, and piens of the property, lie for
I Inept-Mein at the offices of the solicitors, and of the architect of
the Company, as well as at the temporary offices of the asap-
, Merlon.
Detailed proepectuses, will the Reports of Henry Carrel'. EMI,
James ideal, Esq., WA Messrs. Gardener and Bell, the sur-
veyors appointed to report on the property, and forms of eppli-
cation ter shares may be obtained of the brawn, or at the
temporary onset of the Company, No. 15, Leadenhall-street,
KC., and 5, Waterloo-place, Pall-mall, &W. In the event of no
allotment being made, the depoeit will be returned In fuIL

ALL IRON WOR K.
The ST. PANCRAS IRON
Loudon.COMPANY.
014 St. Panerse-road. N.W

JOHN UNITE, MARQUEE, Tent, Flag, and
hick Cloth Monnfacturer. Marquees, teats, temporary
ro,ms and awnings, lined, floored. and lighted for weddings,
palls, fetes, dc. Orders promptly executed.-19D, EDGWARk-
ROAD, PADDRICK CLOTHS for OTON. Marquees (
BALE oror crickßU Met arid archery clubs