The Express.
London, England, 1865-11-02 00:00:00

PROSPECTI7B.

This Company Is formed for the purpose of purchasing the
freehold premises, pleat, machinery, patents, and goodwill of the
buenem now in active operation at Low Hall Mills, Methodic
Leeds, for extracting the fibres of wool from fabrics or materials
composed of wool combined with Cotton, or other vegetable
Subsumes, and for spinning
The principle of Limited =lr!te;: and the advantages of a
Joint stook company are especially adapted to the acquisition
industrial enterprises, ends as that proposed to be worked by
this Company, whom associated capital is all that Is eecesiary
to increase largely the exisil.4 prolate it being an admitted fact,
*at the demand for the Maple manufactured wider the patent,
Ira, wool, Is considerably in excess of the sup; ly, and conse-
quently, the late proprietor seeks by the formation of the pre-
sent Company, to considerably extend the worke, end the
production of wool for which there is always a ready sale.
The paaut will be the eisiolute property of the Company.
The advantages of the patented process over the methods
hitherto known and worked are such that the quality of the
wool extracted can be at all times depended upon, and a large
and lucrative business secured.
The books of the present proprietor and patellae. for the lag
twelve 'meths, have bean examined by Mears. Prior, BolYland
and Waterhouse, public accountants, and from their report, the
Directors fed assured that with an Increase of capital, very large
dividends may safely be caculated upon.
Calculatiens have been made from reliable data, showing that
upon a capital of £50,000, net profits of upwards of £l' 000 pee
annum may be secured, and that a lind dividend can be declared
early In the enriurng year.
The premises, which are freehold, are most eligible, and ad-
reliably adapted for the purpose of this Compthy.
They consist of a mill, upwards of 200 feet In length. with dry
house, warehouse, packing shop, joiner's asp. stabling, fowl-
!muse, store rooms, dc. There ore also seven cottages, out-
buildings, dn.
The plant consists of a very powerful 004sorse steam-engine.
fitted with improved boilers ; also large iron cisterns, weighing
machine and welghhouse, hydraulic packing press, large shaft-
lap, drum,,, lc, and all requisite fittings.
There In an unlimited water supply, available at ail seasons of
the year, which Is an Important desideratum.
Such confidence has the present proprietor In the profitable
Manila of this undertaking, that he is wilting to continue the
management of the works, making his remuneration chiefly
dependent upon the successful operations of the Company, by
receiving a commission only when the shareholders have been
Paid • minimum dividend of £l6 per cent upon the paid-sip
dare capital He also epees to allow a portion of the purchase
Money to remain upon mortgage, at 6 per cent. per annum, and
to take a considerable sum in shares et the Company.
epplicatious fur shares to be mode in the annexed form. In
the events I no allotment of Wares being made, the deposit will
be returned in full
She contract may be seen, and prospectuses and forms of
!pelican', for shares obtained of the Secretary, at the offices of
the Company, and also of the Banker'. Brokers, and Solicitors.