The Express.
London, England, 1865-06-13 00:00:00

ABRIDGED PECO6PECTI7B..

This Comy hiloimedlor-the inTrpoVeTor purchasing and
Workina thewsl-known deposited Phcephste of Lime, situated
Si the blaad of Sombrero, ia the We.t. Indies, and at Logroun,
• Extremadura; thus avoiding the serious competition that
would necessarily arise if the two pupates wars in the tuusda
of parties having anthronistio Interests.
_ RO BLAST._
_ . .

This property la held onue granted by her Majesty for a
Lee of ft years, from the 16th .March, MA to the present pro.
ti=at ate A d fixed rental £l,OOO per annum, without royalties,
steratton of the large expeaditure Moaned by them In
meethig buildings, machinery, and other works thereon. for the
alidopMent of the undertaking, end of the great beset thereby
ordered upon the agricultural interest.
The Island has been worked for the last eight years by the
Pleat proprietors, and uards of 10,000 tons per SWIM ot the
have bean mold In the United undo= slow, and tars*
of the milde have also been disposed of en the Con-
and In the United States.
average profits on the sales for the lad three years have
tem MAO o per annum, which may be considerably increased
Ihe application of additional capital.
The gadily of thue phosphate M known as containing
boa to 80 per sent. of bone phosphate, and Its quantity is
indimied as upwards of a million tons.
The Dubow is fully organised, and in active operation , and
an Mod& of existing contracts for the delivery of nearly 10,000
toga phosphate du• fog the next aft months will be tram/erred
1110 de lease of the property to the Company ; and it Is esti.
Mid that the profit upon these contracts will be upwards of
ilBlllll—thus giving • substantial guarantee for the payment
dm early dividend. Further coetrecte of an equally pentads
Mlle for delivery of upwards of 30,000 tone, during the nail
Q men, have been entered into, and them contracts will also
he Deadened by the present proprietors to the Company.
Lamour.
hel- (28ThIMADURA) PIIOBPNATE.
, Tlds la d on lease from the °wiser in fee, for the
Le of years, front the letb April, 1868, at moderate royalties.
II is situate about It miles from TWanneva, on the railway
bag Badajoe to Ciudad Real, where • station has recently been
=sad nointarrupted railway communication La thereby
to the port of Lisbon. The vein of phoephote runs for
lesi of two miles, and has proved in some places to he SO
het deep, sod from 7 to 10 feet wide how much deeper It
gem Is act known. Ooe definable space, which has been men
med. Demising upwards of 2 0,000 toes. and this extends over •
I rely small portion of the surto* of the concession.NCLtectors have entered MU • provisional contract to par
dame this property subject to • good title, free from locum
Daces, being made by the vendors to the Company, sod also to
Mgratilleation of an agreement on the subject of the royalties.
The deposit at Logrosan contains from e 0 to 90 per cent. of
=.a lime; an average quality et $6 per cent. can
be safely calculated upon. At the low price of is. per
£4 6a will be its value per too,

To the agricultural interest. the farther development of these
=ltof Pbcuphate of Lime to of the greatest importance
s a commercial enterprise, the undertsking promises to
bound succiesafuL The profit from Sombrero Island alone can
be weldently estimated to produce more than 16 percent. on
the wipitel to be called up for Its purchase sad working : end as
.0 development of the Zatremadurs quarries proceeds, the
'Vectors anticipate a largely increased ratio of dividend frogs
vet mum The present undertaking will, virtually, have •
IMI•01001_, Yof the market, for there are no other similar deposits
"'Wel magnitude and practical value at prawn% known: there
lig, lawriviore, be no serious competition
.010salsed arrangements already exist with leading firms In the
Med Kingdom. on the Continent, and in the United States,
Ise the sale of the article. The company will thus C,OMMODC•
11, oPentlons with the advan
other
tage of an established connexion
_ L,
asid avoider the trouble, risk,perphosphate and expense of forming • new
lush.
I__Th• consumption of Su and
ed at hatic
eans in the United Kingdom is estima, frPho sp
m 200.000
le 300,000 thus annually, and that quantity is probably not ap-
ed to one-tenth part of the laud which would be benefited by

—.
me purchme-money of the two properties is 030,000, which
Ile vendors agree to take es follows :—Ant.oo/1 M debentures,
C 120,000 le paid-up shares of the Company, which shares, for
narcoses of dividend, are to rank only to the intent of the
ealle from time to time made on the ordinary shares, until Jul/
Li:Latter which date. provided the Company shall declare a
of ten per ce.,t. on the capi,al then paid np, these shares
•• Mete be entitled to participate In Mare dividends to the hill
Zof
• of their nominal value. The vendors take the remaining
the purchase money in cash by instelmenta, without in-
*, extending over a period of twelve mhs.
, Midas
order to meet these instllments. and t 0 provide funds for
, Midas and efficient carrying out of the objects of the Company,
' lib will be made sa f flows :
' aver share, being equal to 20 per tent., tin application, and
. Islaable on allotment.
a Va. per abets, being equal to 20 per mat., payable loth October,

all
nPer share, befog equal to 20 per cent., payable 10th Feb-
' er, lift
e ,113110 s. mashers, being equal to 10 ,er east payable 10th
111
111,16 11111 ant eipated that any further oldie nil be required.
will hare the option of paying Ms above calls ht
abeam or of paying the whole 426 in full, awl on loch Pei-
: Mak • par cent. Wend per annum will be allowed. trim time
iF Staiatlaes for shares may be forwarded to the Maims p 2
tMrr it, e
with ti, se Mout of gl per elms. if the MUM/
than the samba, applied foe the
delnett pole will, so f as necessary, be audited towards tM
t Vtdue on allot Lat. Should no allotment be made the
ill toe returned to full
artistes et rts and whin.
• 1/I"4•oll4oisals=a' 11:14 ...dPlatiam" bapected
maim.
of us
sow mimeo re , may
belleictus. s end forms of plication for 'hares map be eb•
Maul of the brokers, bankers. socitors. end at tbe toupgrarY
et the Compeay.

TILE BLLKELY ORDNANCE COMPANY
(Limited).
Incorporated under Um Companies Act, 181$.
Capital 8760,000, in 80,000 shares of MS each.
Deposit on aolleation Al par share, and Ai on allotment.
First Wine of 40,000 Wares.
DIUCTOIRS.
John Dent, Beq., it. Orosveoorequare.
Eon. A. Hubert. Caritas LN. BertelePtifflarc
William Needham. lion,. Wear the Hotelier Iron Works.
Frederic Platt. req., Bellwood, Halite
CePtsin Blnkely. late loyal Artillery, Mermen/ Director.
(With power to add to their number.)
Bananas—The Agra and Ilasterroan's Bank (Limited), 35,
Nicholas-lane. London, B.C.
BOLlClSOlin—liesase. CunUde sad Beaumont, th Chanosry-lane
London, E.C.
IR. ,Xllll.

James Shepherd, Iraq., firoVnortasotreet. Loadoe, LC.
Maim P. acteraley and non, Bull's Head Chambers, Man-
chester.
John Perry, 12. Waterloodrad, hirndnitham.
BWIITAST no SO(.—Jobe Healy, LA.
Temporary Omens-I.Royal gichanga•buildlugs, London, LC.

- -
PROSPECTUS.
The manufacture of ordnance upon the principle patented by
Captain Blakely, has for upwards of five years been carried on
by private enterprise. The de nand
for this class of ordnance
bas, however, so largely increased, that the works established
at Southwark by the present Blakely Ordnance Company have
proved altogether Inadequate, and It has been found necessary
to establish a manufactory on a much larger scale. Itxtemilve
works are in course of construction at Greenwich, to which It la
proposed to transfer the operatic= of the Company.
Both in Kurope and &merles, as well as at home, the Blakely
ordnance la daily coed= into more exliensive uss, and during the
last six years large orders have been executed foe Kumla, Ports-
gal, Italy, Egypt, Sweden, China and Japan, kineacco. Turkey,
and several Important States In North and South America, in-
cluding the Confederate Government
As en evidence of the rem..nerative character of this descrip-
tion of manufacture, It may be stated that the net profits in the
current year amount to nearly £OO,OOO.
With the view of providing the Increased capital which Is
requAte to carry on the manufacture on so large a scale, It le
proposed, to form a Limited Company, to bs called " The BI ikely
Company CL tinted). ' The services of Captain Blakely
have been retalded as Managing Director. The present efficient
staff will also continue in otitis, as follows Vavueimr,
Esq.. LC., Res dent Engineer: Mr. Campbell flare of the Royal
laberstory. Woolwich), Suntendent of laborato•y and Sbell
Factory ; General Bur,.aby, R pal Artillery, 144)0(MaAter.
The Directors have entered into an agreement fo • the =r-
elease of the eristi Ceases. plant. PfemMes, and goodwill lee the
suss of r b,tluo, payable by instalments = two years, and
CllO,OOO In de entures b. ring Le per cent. interest. In
forming their estimate .1 t...e value of the t.lant, leased
fixtures, machharry, stock, and goodwill, the Directors have
b, en guided by A valuation of the same by a competent engi-
n er. The goodwill has been rated at two and a half years'
mambo's.
As an evidence of th Ir confidence In the andsrtaitrig. the
vendors have agreed t t =snot= that the profits of the under.
t shall amount to • sum • annumy • mi.desum ,•lei-
Jena at the rat :of 611 per cent. pfor three yea s, on
the polddip c.pltel for the lime bet • g of the pretend line of
shares.
es it has been coaddered Impossible to gam= equitably the
value of the paten= It Ilse been agreed that they shall be trans-
ferred to the Company, the present proprietor recolving /20 per
cent. of the net profits for the next seven gars.
The Company will enter Into pwseesion of the works to South-
wark and Oreenwlch on the We of Jude instant, but will be en-
titled to the benefit of all contracts executed. and profits made,
since the Seth June, 1861. The vendors reserve to themselves Um
right of suburibing for coodltinl of the present iseue of shares.
A copy of the memorandum and articles of amodation can be
inspectedat the offices of the Solicitors, es, Chancery-lane.
Prospecintes and forms of applicatiou for shares can be ob-
tained at the °dices of the Broker of the Company, and of the
Solicitors.
As some applicants ma, desire to take tall advantage of the
dividend, by laying np their shares In full. two
forma of can be obtained, one for =dine:Yawed, and
the other for fully paid-up shares.

BLAKELY ORDNANCE COMPANY
).
NOTICE IS HEREBYOWEN(LWMed, that the LIST of APPLICA-
TIONS for alum IA Ulla Company be CLOUD at 4 o'clock
ea PKIDAY. Jane for Loodma : sold as MONDAY, the 19th,
far the conantry.—By order of the Board,
JOHN KELLY, Secretary.
Repel Itiehange-balldlnp, Jane 12,18!6.

DR. SCOTT'S BILIOUS and LIVER PILLS,
• ewer Wear remedy, prepared Wilma say mercurial
tweediest. from We recipe of Dr. Scott, vile be fold Invaluable
to all who suffer tram bilious sad lime complaints, Mitigation.
wind, widen. giddiness. diatoms of the wpm 80. For habitual
ealOrevelK as a Maley wariest mediebee. and as a partner of
dm Wood, they an telly mositent : mild In tbdr operation sad
geetefel to lhe stemma, they credo aopselba, promote dlefestioe.
sad ,altia We whole venom system— Bold by W. la
04
w
but. MGM. Wellimestrast. thadageroM led bi.:
deemed, in MA. ILL 114 sod 211. Pd. Be mre to auk Dr.
bootee Illikens and Liver PIIA The pastas an In • smears pees
padtage with •• Wham lerobsd" eagraved m tse AMP.

DR CULVER WELL on MARRIUM 3
Eb Otatztak
wil=hfiag 134.3=asolsr,
i
PANT
`TURKISH EOM 1111140. b
T OA.
or &
tineba.horeserwiesi„Mendsaal 61, 10. sr. ammalrliKinal 1.0.