The Express.
London, England, 1865-07-10 00:00:00

METROPOLIS SEWAGE and ESSEX,
1114,11AMATION COMPANY.
incorporated by Apecief Ace of Parliuseat.
tal AO,
In 21,000 saip eartfloalesCapi MAA
OOM wish, to be hereafter divided
into diens of Ale each.
ref
on application, AS pet Ostltialill, with farther meant'
.118 en allotment. and AM oa Ind October mash
The enbanben will, In **change tor their Master alisement
and Maher% receipt, receive 'alp certificates, Ida*. en W-
rong of the rem of 1110 (payable on 2nd October sa above) will be
exchanged. ander the providcam of the Act of Perfliatent for
nigistend shares of £lO, and the shareholders will be wanted
la the books of the Company 112 In raped of each registered
slam

Saldeddl.
The Right Hon. the UPI de Charles J. Labs* Bah
Tebbe,. Joseph 8. Loader, Mg.
O. iletateraooth. Beg., .11. P , The Boa. Henry W. Petra
Member ot Bowen* Commit- Cot. Mr Willhaa smell. Bad,
teas, ISM sod MIL C. 8., IC P., Memberot Sewage
The Lord Blehard H. Browne. Committee, 1804.
James Paiition Oardair. Major the Hon. S. P. Twebee.
Meadoe J. W. Perry Watllaskm. Bac,
Arhathnotni=e, BaO,
nrIMM.M.I.
Sne
G. W. Hamm Bq., C.M, de. IJ. Y. Bateman, Esq., C. 8.,
1.R.8., &c.
Carstrunio Curour—ho erre J. T. Way,
Member el the 8.. al Commends on Myers. and d the Ida
Boyd Comadlion on Bewago.
SOWN.
Yams. Glyn. littie, Canto, and Co.
deem. foram a&
Yea Sparrow. Totem% and Co. (Belhel.
The llama lasi et esotteett sudlinsobas.
The Haim Beak MasehaMe,.
Ttiollaint of rret,.,_ .
The win aim reale&
J. Harbor eandy7aM., Pelee
The Nadharn ,BeMthet Co. (Barad)).,

Maws. Baatei:iiiii; Nortem, sad Co.
Mora Wise sad Ito&
1110E114.
Meows. P. Commove and Co.
Messrs. Barstow and Co.
SIMITAIT (moms).—Water A. Michael, lag.
Onion-M. llnadnadls4troet.

The internatioual Ilnagoial Society ere authelised to receive
sabscriptlons for the share capital of this Company, which has
been incorporated by Special Act ot Parimunest, for lbs wpm
of utWelog the wrap of the northern area of the
. She comsat= of which his been granted to Meeinanbstrrpreil.
The .
and Wipe.
coacession from the Metropolitan Beard at Werke to
Mews Winder end Hope as now confirmed by Act of ratrala
ts mekedeled to the Act, and both may be to peered Qs alas
ist the Company.
The concession has been vested in the Comeay on condition
of 11lie Mount to Messrs Napier and Hops,-nadir the provi-
dess of the act, of 1.60000 lo fully paid-up shams of the Com-
pany, sad a small contingent centage of the net prate.
The Cotloolllloll resins thaS In the opinion of tbe Board, the
works proposal by Messs itter end Hope are
.calculated to
edict tie three Mowing otiles 'tamely :
1. To direst theeswage from the Manna
I. To ic oder it innocuous, by its application to growing mom.
& To realise lbe greatest money value of she manure can.
Mined in IR
The fret article coulees upon Messrs. Napier end Hope " the
absolute end exclusive tight to and property in the sewage."
for a period of M years from the pawithe id the act. but makes
the following vielos in reference to the application of the
net profits runitfag from the scheme after the expiration of
four years from the peados of the act. Previous to the expira-
tion of that period all the profit roman' to the Company.
Alter deduction of the anneal charge for " snowy borrowed."
and of working and adabliatiment esposses' the set

proat AM IN apidiea..
lat to ygment of interest at Ave per coat p.r ammo oa the
than
Ind. le paymen Board equal Moieties to the shareholdr
r. and the
Ilatropotttan et the further pinata up to It per cent
ltd. In division et pronto a:reeding It per teat and utlolt
per cent. between tbeabarelan lt dera sad the earepalltea
In Ito pro at one-loartb to the forma; and ibreotoortha
to the Yqr. .

-4411. After 26 per rest, the division again to become equal.
The object of these stipulations is, that while the Metropolitan
Board are vietnally to receive half the month yet that, in order
to glee a greater security, and therefore greater value to the
Mares, the skareholders are to have a preference to the extent
of a per cent., which is made good to the Metropolitan board
between the points of lb and 25 per mat, at which latter point
each party receives 121 per cent., sad the division is thee con-
tinued equally. Mae, the Share Capital of the Ouwpaay derives
the edvaatage of the entire capitot approaching three millions
sterling. expended by the Board se the oral side of the Thames.
for the collection of the sewage at the point of its delivery to the
Company.
At the expiration of 34 years the Board have the right, on
giving two years' notice, to require a revision by arbitration of
the them apportionment of pronto.
The conesseloo stipulates for the construction of a circular
brick advert, 9 feet 6 inches in diameter, shown by the red line
ea the map accompanying the prospectus and running from the
Northers Omfall trine to the but lloam el Mem and further,
tar the reclamation of the tract of foreshore and sand coloured ICI
V01:11 the map !about 7,000 ace' The intention being to
the lands in the district* Ostrow% whirls the culvert
woes, and to utilise the surplus upon the reclaimed land.
A contract has been emend into with M. William Webster
((who has constructed more than oue.third of the Main Drenote
Works of the monotone, Including the theemeas OutfaU), f r the
construction of the works mentioned above, together with the
necessary pumping stations. for the sum of L 1,6.63,449. To th e
must be added the amount to he pail to Mown Napier and
Hope in shares as before mentioned , the cost of land, engineer-
Mg, parliamentary and lettal expenses, sum rinteedeuce, and
management, together with interest at b per mut. per annum on
the mita' during the cunstru Lou of the culvert, estimated at a
total of £646,652. lit all, £2 400,000. The A. t sothoroes she
Directors to raise the amount of £700,P00 In delimiter s, but
of this, as above Mein, only £300,000 will in all probability be
required.
The Company have the right of taking, without say payment.
during the drat four years, as much of the sewage as they can
utilise. Wren, this source an immediate retur . may be obtained,
so that the return upon capital during construction should be
much is • neat of the interest provided.
On payment on the 2nd October next of the £lO per certificate
then due, the certificates of 1100 will be enhanced for rtes.
tared shares of £lO each-

According to the calculations mad* the eventual revenue of
the Company Is intimated at about A 720,01110, and the working
expenses and management at £so,ooo.
Applications In the annexed form should be left with the
bankers, who will not, however, receive any applications unksi
accompanied by a deposit of CA per certificate on the number of
certificates applied tor. In mass where no allotment is roade
the deposit will be retained I. full, sod should a smal:er number
than Is applied foe be allotted the balance returnable to the
applicant a ill be applied towards paymeut of the amount due
on allotment. In cases where an allotment Is made. the drpcolt
paid on application wW be liable to forfriturelf the balance due
on allotment be not paid within the term need by the letter of
allotment, and the allotment wall be liable to caacellation.
Detault by subscriber@ in due payment of the din per scrip certi-
ficate, payable on lad October, Mb, will In like manner, render
the scrip certificates subject to cancellation, and the amount
theretofore paid thereon to forfeiture.
Prospectuses awl forma of appl cation may be obtained from
the hankers and brokers, and at the otlicee of the Company, No,
to, Threadneedl►amt., LC., Landon.

METROPOLIS SZWAGE.ANO.IIB9Iti RECLAMATION

PORN OP APPLICATtoe FOR MAR IS,
To be telt with the beaks.

N 0...

To thelirectors of the Metropolis Sewage and Sista RaeMeseta=
Company.
Gentlensen,—Having paid to the sum of A being
deposit of tC per Certificate on Certificates, I request you
to allot to me Certificates of 1001. each to the Metropolis
Sewage and Essex Rectematlon Company, In conformity with
the prospectus Mated by the International Flaancial Society
(Liss tedl ; and I hereby agree to accept (subject In all respects
to the terms of the said prospectus) such Certificates er any leas
number that may be allotted a, me, and to limy the sum due on
allotment thereof, at such times as may he fixed by the letter of
shotment, and to pay the further sum of EIO per certificate on
Dad October, ISM.
I em, gentlemen, your obedient servant,
Signature
Dame in hill
Addrem in tall
Referents'
Date