The Express.
London, England, 1865-02-22 00:00:00

AVINDID PIOSPIITTLIIL
THS CRIDIT PONCHO% AND Lila OP STOLL ND
(idiIITID) PaIIRAIID TO 111.1113CIIIPTION9
Tll.l CAPITAL Of
TEM PUMA WEAK SHIP sad LABIJAN
ODAL CO/LPANY
Incorporated smear the United =is Act or III!.
OaplMl tlealllM. to a. 600 Mena of =each.
Deposit 61 per share on application. and Li on allotment.
o.lucent which la not contemplated calling up more than 66
ou Tare. any further capitol required being met by the lame
No Call to be glade ember than three months foe
dote of allotment.

Hos. T. C. BAIN; Chairman ot 171; Inverness sad Perth Railway

'Tama
StrJ. D. ZLpBflcWlONl. Part., M.P., Director of the Pacific
Steens Naialams Company, Deputy Chairman.
Labia Da Samos, lan.. London. and D. Swoon and Co., of
Bombay and Mom
Earn lormidaDm Log.. Director of the ilednds and Punjagb
Malley Company.
IL B. Loch, Lg., C.D., late Secretary to H.IL Ambassador in
Ctrita.
tag
Hoary Alms fludem, Keen Chairman of the lisw Zealand Bank-
letwar=lett, London, we of (Dent and Co.) at Claim
whiles Miler, Maq , M.P. iletthl, Darsietnt of tae lantern Bea-
-1 Campsay.
Eon. Francis Drummed, Director of the Natal Land Company.
G. Lithos Browne, Fag., Weser Glee Lade. 1W W, and
Adriatic Steam Navigation Company (Umi end).
Alexander Sinclair, laq., late !LILAC. liserisa. London.
James N. Danktl, (Andreas of the Dank of Hindustan,
China, and Japan ).
John Hick's, laq., Apnt to Use Austrbut Lloyds' Steam Navies-
'Mon Company, and Director of the Thames and Mersey Insur-
ance Company.

Mime M, Lir/nob:me, toretaus.ng
Me
Santa, Kennedy. and C 0.,, Chine "5...tai.
Messrs Cumming. Bearer. and Co.. aim& puce (*v.,.
ore.
Mpown Dent and Co., alba, tor Leman
Mama Middleton, linniesa, sad C 0.,) Agents coacompw.
alniesPore.
Ammon.
Mears. Smith, Tann sad Smiths, lombardetreet, LC.
The National Beak, Old Itreedelnies. LC.
Bank of Hindustan. Chinn and Japan (Lintated), in Catalina,
Bombay, Moe, End Japan.
aniatutont.
Nun Newnan, Ivan', sad Co., Nieltelselane, LC.
J. H. Marlow* leg.. 77, Gresbamhouse, 7.C.
MOM&
Masson Inarsoce, See. sad 7. nagel-ommt. 711f01Pnal-
Mame MM. DM and ward la itmultmatte•-
street. B.
SICIZTART CVO terii.)— ALCM Lows, tsp.
Temporary Olken 17 and in CorniulL

This powerful Company has been termed far the purpose of ac-
quiring, consolidating, and developMe the entmprler known as
"The iMMa and Jaw Steam Navigation Company" and " The
Lehman Coal Company."
The object of the fonder Company was to supply the much felt
need of steam navigation in the Chins waters, and the latter
Company was formed to wort the coal mines In Lerman and Bor-
neo, sad so supply the whole of the government and mercantile
wine in the Mat with steam Met It he been found, how-
ever, that from this fact of thee. Companies having been formed
with too small a capital, and on too limited a Mats, the require-
ments both as to supply of vessels and also the further develop.
ment of the coal mines cannot be adequately met. It has there-
fore been considered advisable to merge the two uudertakings,
and to mato one large company, with sidkcient means and in-
fluence to develop the valuable business of both the old com-
panies, and In accordance therewith arrangements have been
made tor the immediatege transfer b y of their respective
fleet and collieries, toy with thethem goodwill and valuable
plant.
This Company will therefore immediately acquire the powerful
trading gialkinfra Math, Mona, and Sterling, and steam tugs
Titan, Vulcan, and rienchang, already well known and Profit-
ably employed in China and the sating ship Andromeda, a
Agate
u of 2,000 tom burden, admirably adapted for a coating
lk
In developing the shipping operations of the Company, in ad-
dition to the building of trading and collier steamers, special
attention will be paid to the construction of peat adapted
to the everlncmasing Inland traffic of the China rivers,
where the demaad for .uch shipping is constant.' It is Wm pro-
posed to establish a line of steamers between Bombey, Singa-
pore, and Hong Bong.
This Company will also at ouce enter on all the rights of the
Lan Coal Company, in Lehi's& sod Borneo. and all their pits,
plant buildup, and stock of coal in the former island, and take
over their valuable ow:Arad. with bar Majesty's government.
The Labium coal has been contracted for extensively by the
Admiralty, and will actually ha the standard steam coal for the
navy In the China waters and elsewhere in the East, as wed as
extensively used by the leading SWIM shipping companies, when
the arrarmenvesta molmaplated for storage, rapid loading at I a-
base, and delivery at the different Government stations in tbe
Beat shell have been completed, the present means of production
and delivery beim totally inadequate to meet the constantly
increasing demand.
The Resident Manager of the Latium Coal Company, is a late
report, states that the worts now completed open a Sado( coal
to the extent of `the million which and that a new pit—
the preparations for sinking ofave been commenced,
and the machinery for which is on the spot —vrill quadruple the
quantity available for working, or four millions of tons, the
turtligr quantity to • a obtained being practically loexhaustible.
Immediate steps, therefore, will be taken Si open this pit and
others and to ammo. the mines with the harbour of Victoria,
by a mineral tram relined of about seven miles in lemath. In
Port Victoria, stripe drawing twenty feet of water can lie close
aloneshore, and every facility is offered far their being econo-
mically and rapidly loaded by the erection of coal
ports'hoots. Coal
hulks will also he established in the Mailing of India and
China. By these means the Company will be able to meet the
public demand for steam fuel at highly remunerative rates, in
addition to supplying their own fleet with the necessary coal.
Present Prim of Catlin China. The re.ent ice at Bong
Kong for coal, equal in gustily to that of Latium, in 469. per ton,
sad that price Is exceptionally low.
Profit —The probable profit of the undertaking will be seen
by reference to the following figures. ElPerleoCo has proved the
coat of raising the coal and placing it on baud ship at Labuan to
be is. to 7s. par too. Taking the price at 9d. per too, and
adding 3i. Sd. for agency, management, &c., the cost of the coal
on board ship at Lotman would stand the Company 10s. per ton.
Allowing for the Company's steamer. a freight of say its. per
tow, the cost of the Laboan coal, when delivered, would be
per ton, against Ws., the present price of Mash coal equal In
quality and it is estimated that when the Company Is fairly at
wort it could easily raise and dispose of 100,000 ions of owl
annually.
Supposing coal and freight to cost Us per ton. and sold for
45a per tom, there will be a profit of 20s. per ton, which, on the
produce of 100,000 tons only per annum, Is equal to £lOOOOO
,000
Net profit of steamy., say

but calculating that only 60,000 WM are the And year relied,
and that there Is only 16a. per tow profit realised thereon, there
is still with the poet ow the steamers C 47,000 per annum. or 28
per asst. on • pMd-sp capital of L 250,000, or allowing for inte-
rest os Debentures, above 20 per cent. net for cUridend.
The allotment of the shares will be made on the following
bads, v6t.
7,600 shares partly tally pald-np, and partly with £lO paid-up,
will be reserved for allotment to the applicants who are share-
holders in the elliding Companies; of these 6,000 have already
been applied for, and the deposits paid to the Company's
7.0
7,000 shares with 24 paid will be allotted to shareholders in the
Credit Fonder and Mobiller of England (Limited.)
1.000 shares with Es guild will be allotted to the general pub-
lic, as also such shares (if any; as may not be applied for in the
paid-up form, or by the above.
Applications will also be received for 6,000 folly paldup shares
ea which dividends for the whole amount paid up will be de-

dared.
1,500 ss will be reserved tor allotment in Bombay, appli-
cations for atikti will be rendred by Meseta D. Bassoon and

Co.. Bombay.
The conmeden, plane, reports. snd• articles of immolation can
be impeded at tha offices of the solicitors.
Landon, list February, 1106.
In eowequence of the large number of shares applied for, no
fresh Implicative. will be received. DO( CY say inoream to the
number originally spoiled for by mot mopalcant be entertained.

LAITITZ.—The LITTIJOI contains an active
prbiel the laturlae, wide& promos a w
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pm, ia led. sad b. IL NAL 4 ratit MIK lad SP. M.