The Express.
London, England, 1865-12-09 00:00:00

PROSPECTUS.
The special advantages to be derived from the employment of
capital through the medium of joint Mock cempanies, with
Bruited liability, in purchasing and woridog colonial properties,
have been demonstrated by the great success atleMapt watch.
operations in India, Ceylon, &roe° tad elsewhere, and ft Is
considered that no properties can be Made to benefit to a greater
eitedt or to produce more remunerative molts treed the Intro-
duction of joint stock capital trout West India sugar estates.
The object of this Company is the purchase and extension of
the sugar plantations and the business of the well firms
of Steam. Cavan, Lubbock, and Co., and Utilall. William
Burnley Borne and Co.
The estates and real securities to be transferred to the COOP I
puny by the vendors are in Demerara, Berbice, Trinidad, and
Barbados. The estates are fertile, well Winded, and in a high
state of cultivatton. They are provided with an ample supply of
Coolie, Chinese, Portuguese, and Creole labour.
On normal of these estates powerful nuichinery of the best
description ban been reoentiv erected at a considerable
M coorest, and
con-
the largely increased profits which have resulted,
clusively' the advantages to be derived from the further appli-
cation of roachiew y on a still more eateuded scale. The in-
creased capital which will be thus employed, in addition to the
large amount already invested in real estate, renders the busi-
ness more suitable to the resources of a public company than to
those of private firma.
The imports of the two firms in sugar alone have for the last
three years averaged over 46,000 hogsheads per annum.
The vendors will transfer to the Company, free of any claim
for goodwill, their large and profitable commission and
the aver agencyage
busmen, which has yielded In net commissions, on
of the past three years, an amount exceedlog t.e0,000 per annum,
and la capable of being greatly extended.
The terms of the purchase have been discussed and settledwith
the vendors, after very careful amonination Into the returns and
profits of each firm, and atter obtaining indepen dent f aluations
and reports on the several properties. These inquiries were in-
stituted and conducted by Mews. Chadwick, Adamson.
lillienna. and Co., and by directors entirely unconnected w ith
the two Irma, before they agreed to loin the peopmed compseY.
The vendors are only to be paid the mere value, thus ascer-
tained, of the est.ites, plant, mai Misery. stores, stock, and ad-
vances, which will amount to about 1t576,000, and by testaments
. .

• _
a follows:
£225,000, or one-third, In 10,000 shares of the Company, to be
credited as paid-up to the extent of £52 10a per share,
£22.5,000, or one-third, in debentures, bearing interest at 5 per
cent.
£25,000, or the balance, In cash by Instalments In two years..
To meet the above pa> ments and to provide the reqte
working capital, it is Of timated that the mat will be required to
be male as follows of
December, ldos, 45 per share (beteg ilia amountpap-
meats in deposit and allotment::
April, 1866, £9los. per share.
July, lelefii, £2 10s. per share.
January, 1967, £5 per share.
January, 1969, f 5 per share.
The vendors have agreed to guarantee. to the extent of the
annual dividend on the above 10,000 shares, a net profit In each
sear, for the first live years, of 10 per cent. on the paid-up capital
for the time being ; such guarantee, however, is to cease U
Co at or
alter the expiration of three years the net profits of the m-
pany shall have amounted to a sum equivalent to an average of
10 per cent. per annual on the paid-np capital, for each of the
said flee years, calculating the capital for the last two years at
not more than £25 per share.
Each litho will liquidate their own liabilities and obligations,
independectly of the Company, except where the Board of
Directors deem it to be desirable for the Company to undertake
any of such liabilities or obligations.
The Company will enter into possession of the business on tat
January next.
rties prope and securities Is to take effect
The transfer of the
as from the hat Judy het, In Trinidad and Barbados : and
from let January next, in Demerara and fierbice, which are the
usual periods for the Monster at property in the respective co
lonies.
It Is arranged that two members of each firm shall remain as
Directors for a perlodot at least five years, and the large interest
in live capital of the Company taken by the vendors gives the
fullest proof of their entire confidence in its success, and the
surest guarantee of their beat
oftexeri. es being need to develop
its resources. Alt the members cab tuna hind themselves not
to enter into any businesa of a similar character without the
sanction of the Board.
The Directors confidently estimate that the net profits of the
business of the Company, taking into cm:olds:math the revenue
trim the real estate, for the ensuing five year', will he equiva-
lent to from fifteen to twenty per cent. per annum on the paid
up capital of the Company.
This estimate has been derived from the existing state of the
properties and busineas of the two thewithout taking into
consideration the increased returns from estates which will
follow upon an improved system of cultivation awl manufacture,
or the effect which the Impending abolition of slavery in Cuba
and Porto Rico will have in augmenting the value of the estates
and increasing the profits of the company.
Applications for 'hares may be made in the fore annexed,
and vilest be accompanied by the payment ot Cl. per
the Bankers of the Company.
A copy of the memorandum and articles of association can
be inspected at the Mikes of the solicitors, 52, Throgmorton-
street.
Prospectuses and forms of application for shares may be had
on application lotus bankers, soiled on, auditors, or stockbrokers,
or at the temporary des of the Company.
In the event of no allotment being made, the deposit will be
returned in full ; thould a less number of shares be allotted than
are applied for. the deposit will, so far as required, be appro-
priated towards meut doe upon allotment.
Payments of depthe pay
osit ma lie made to the Bankers of he Com-
pany ; or at the Branches of the National Provincial Bank of
tingland ; the Branches of the Royal Sank of Scotland.

• ---
FORM Of APPIJCATIon FOR ALlOntraT OF SHARFI.
To the Directors of The Colonial Company !Limited)."
Gentlemen,—Having paid • deposit of per share, I beg to
apply for shares of £5O each In The tAnulal Company
(LimiteoP," and I hereby agree to became a shareholder In that
Company, anbject to Its rules and regulations, and to accept such
sheircs, or any less number that may be allotted to me,
1 am, gentlemen, your obedient servant,
Name In full
Full postel address
Profession or occupation
Date

I
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I WAUGH mad lON. 5 ana a. 00015G1.-STILTET. W.

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Price ess.. 14a., to suit at, 9, and 18 gallon casks.
BARLOW'S SELF-ACTING SYPHON TAP.
No venting required. No more dat beer or sour wine.
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spurious imitations. Engravings gn d lOeo.

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u forming the basis of • beautiful head of
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