The Express.
London, England, 1865-02-15 00:00:00

TIM CREDIT PONCE= AND IlLOßlllia Ole ZNOLAND
VellYNAiAlLitz D 2 PRIPADO/7 TO DHCEIVI 8111SCRIP-
CAPITAL
TWE CHINA STEAM SHIP and LABUAN
COAL COMPANY (Ifinfted).
under the Limited thiglitles Ad of 1862.
hiscaSttaeldSAoo,•3o, 116,000 Shares of £2O each.
Dogma per Share an Application and Et on Allotment.
illanind which it is not contemplated and
up mere the') L 6
per Ilium any Wan capital requidd being met by the lulu'
delandada.
No call to be made earlier than three months hem date of
allotment
DEBACTOIEL
Hoc. T. C. BlLlJCaamalessos of the Inverness and Pe la-
ws/
Mr J. li.NZabaNSTOND. Bart., M.P., Director of the Pacific
Steam Navigalles Denny Chairman.
Reuben David Dueoon,C=.7London, and D. Suwon and Co.,
of Bombay and China.
Henryßormdalle. Seq., Director of the Sends and Punjaub
H.
radß. LociiLreit., Ist. Secretary to her Majeaty's Lane-
in
Henry Alen H ey, ock Bert., Chairman of the New Zealand
= DeferdirsC"PmEtriondon, late of (Dent and Co.) China
William Miller, Pao., ILP. (Leith), Director of the lathes
Iton,W Railway Company.
Hon. Fronds Drammen, Dtroder at the Natal Land (onning.
G. Lathan
N Browne, laq. Director of the Lakin, Italian. and
Adriatic Steam aviPtion Comma, (United).
Alennier Sgoserdr Bak, late Nein, Loudon.
James N. Daniell, Ite&itidChairman of Um Bank of Hindustan,
China sad Japes ( ).
John Matta Esq., Urnt to than
Austrian Lloyds' Steam Naviga-
tion oankaay, sad Director of the Thane, and Mersey then-
sass Oosopsay.
Vint).
Mum. Mb, Livinplooe, and
fea.
olderlittlL Isswady, and Actms fr. Mos and
ea ogo!
Means. Canada', Beaver, and
Co.,
bial"LiMffi:a Cc, China' } Agent' for Latham Cod Coen-
Messrs. Middleton, Harriman,
and Co., Singapore. Pug-

MarraNa. ftlth, Payne, d Ina
TM tional Haat, 04d
road
Bulk oe Hiodustaa. China,
lasbay. (bleu, and Japan.

6:IT.- ----- --
Japan (Limited), In Calcutta,

Mears. Newton, Zeine7saioo., Nichelaalane, EC.
I. H. Mackenzie, laq., 77, Graben House, KC.
1111.01. W.

IleseraLarepoe.fts, and Pam, 7, Assel•court, Throgmorton

" --
lunar% Yield, Boa, sad Wood. 9, Warotord-court, Throemorton
Omsk LC.
flimarair (pro tam.)—Alfred Lose, Kul
Temporary 011om-17 aad 18, Congal.

This powerful Company has bees formed for the purpae of
acquiring, consolidating, end developing the enterprises known
aa The China and Japan Steam Navigation Company," and
Tin Liman foal Company."
The object of the former Company was to supply the much felt
need of steam navigation in the China waters, and the latter
Company was formed to work the coal mines In Lotman and
Borneo, and so supply the whole of the government and mercan-
tile
marine In the Zan with steam fuel. It has been found,
however, that from the tact of those Companies having been
formed with too small a capital, and on too Malted a bads, tko
requirements both se to supply of vessels and also the further
development of the coal mines cannot be adequately met, It
ha; therefore, bean considered advisable to merge the two
undertakings, and to make one large Company, with sutilment
means and influence to develop the valuablebusiness or both
the old composite; and in accordance therewith arrangements
have been made for the immediate transfer by them of their
respective fleet and collieries, together with the good will and
valuable plant.
This Company will, therefore, Immediate 4 acquire the power-
ful trading steamers Elgin, Ilona, and Sterling, widgeon= tugs
Then, Vulcan, and Tleachang, already well knows sad pro-
hip.t•fiisbl7 of 5,000 CtZcien,aVrattrear=dAgroala=

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 tug steamers
adapted to the ever increasing Inland traffic of the great China
rivers, where the demand for such shipping is constant. It is
also proposed to establish a line of steamer, between Bombay,
Singapore, and Hong Kong.
This Company will also at once eater on all the rights of the
Litman Coal Company, in Liman and Borneo. and all their
pita, plant, buildings, and stock of ocel in the former Bland, and
take over their ♦aluable contracts with her Majesty's govern-
ment.

The Labium coal has been contracted for ext.ntsively by the
Admiralty, and will actually be the standard steam eoal for the
navy to the China waters, and enewbere In the lest, as well ss
extensively used by the leading steam shipping companies. when
the arrangements contemplated for storage, rapid loading at
lebnan, and delivery at the different government stations in the
Best shall have been completed, the present means of production
and delivery being totally inadequate to meet the constantly In.

eraming demand.
The Resident Kansan of the Labe= Coal Company In a
late report states, that the works now completed open a field of
coal to the orient of above a million of tons, sad that a new pit—
the preparative for the duties of which have been commenced
sad the machinery for which is on the spot—will quadruple the
quantity available for washing, or four millions of tons, the
quantity to be el slued being practically Inexhaustible.
ate steps, therefore, will be taken to open this pit and
other* and to connect the mines with the harbour of Vista,*
bps mineral tram railroad of about seven miles in length. In
Port Victoria, ships drawing twenty feet of water can Ile dose
and every facility is offered for their being mono-
:Zsir're. and rapidly loaded by the erection of coal shoots. Coal
hulks will deo be established in the leading ports d India and
China. By these means the Company will be able to meet the
public demand for "team fuel at highly remunerative rates, in
addition to supplying their own fleet with the necessary cad.
researr Puri 0/I COLL li CHINA.—The present price at Hong
Kong for coal, equal In quality to that of Libman, la 465. per
ton, and that price is exceptionally low.
PROFIT.—The probable profit of the undertaking will be seen
by reference to the following figures. Experience has proved
the coat of raining the coal and placing It on board ship at
Litman, to be es. to 7a per ton. Taking the peas at Os. 9d. per
ton, and adding to. Id. for agency, management, Au, the mot of
the coal en board ship at !abuse would stand the Company 10s.
per ton. Allowing for the Company's steamers a freight of say
11511. per ton, the cost of the Labuan coal when delivered would
be U. per too, against eta, the present price of English coal
equal in quality ; and it is 'etiolated that when the Company is
fairly at work, it could easily raise and dispose of 100,000 tons of
coal *madly.
Supposing coal and freight to cost Ms. per ton, and sold at 45e.
per on , there will be a profit of Ms. per ton which on the pro-
duce of 100,000 tons only per annum Is equal to £lOO,OOO
Net profit of steamers, say, 30,000

LlllO,OOO
bat calculating that only 04,000 tons are the first year raised, sad
that there is only 164. per ton profit realised thereon, there to
still with the profit on the steamers 4417,006 per annum, or 76 per
cent on a paid-tm capital of 8260,000, or allowing lex interest on
debentures above 20 per cent. net for dividend.
The allotment of the shares will be made on the following
buts—via. :
, and part
7,600 'hares partly fully paid-uply with £lO paid up,
will be reserved for allotment to the applicants who are share-
holders in the =dating tionspantes: of these, 6,000 have already
been applied for,and the deposits paid to the Company's bankers.
6,000 shares with 11.5 pai will be allotted to shareholders in
d
The Credit Fonder and Mobilise of England (Limited).
6,000 shares with it paid will be allotted to lie general public,
as also such shares (If any) es may not be applied for In the paid-
up form, or by the above.
Applications will also be received for 5,000 fully paid up shares
on which dividends for the whole amount paid up will be de-
clared.
2,600 shares will be reserved tor allotment in Bombay. appli-
cations for which will be received by Mews. D. Swoon and Co.,
Bombay.
The comeesdon, plans. reports, and articles of association can
be inspected ea the codices of the &elicitors.
Ap one for shares are to be made in the annexed form,
andlett with the beakers of the Company, upon payment of the
depoett of £.l per share. If no allotment is made to the appli-
cant the depeeit will be Immediately returned without deduc-
tion, end if a less number of shares be allotted than is applied
for, the deposit pad will, so far as necemery, be credited to-
wards the Foment due on allotment.
prospectuses and forms of application can be obtained at the
offices of the Credit Fonder and Mobiller of England (Limitedi,
17 and IS, (WWII. also of the bankers, brokers, whetters, and
of the secretary at as Company.
13th February JINNI.

10111 OP APPLICATION POl MAUS WWI 45 PhD CP.
To be retained by the Bankers.

No.
To the Directors of the China Steam Skip and labuan Coal
Common, CLlmited).
Gent/emen,—Having paid to Your Bank en •
the sum off , bg a deposit of ft per abate on
shares In the above Ompeny, I hereby request that
you will allot me that number. and I agree to accept such shares
or any lees number you may allot to me on the tams of the
prospectus, and I wree to pay the deposit due en allotment.
and to also the arWlee of association el the Osmgeay when re-
qatrod, and I authorise you to Inset Ay 12/r resister
of members foe the number of shares &Betted le nee.
Usual i
Name tnlirre
Residence

Proteadott
Date

• IDaset Baakeri =ma

Or if fay paid sip. thane one required on the following f
POLE OF APPLICATION 103 FOLLY PAID CP SRAM.
To be retained by tin Bankers.

To .the Minton al the Chins Steam Ship and Labgams Co.
(Limited).
Dostlemms.—Marim=rtgi year hanken`
the anm at L robs a doped& cd Lt per share on
dame In the above Cempaor, I hereby request that
you girSl ad me that member el fully paid op therm, and I
moss to good sad ahem, sr enemy deadother yea nay allot
to mge co the ter= of the preepectio allnal
anianot of such Meru on Zoning, and to dam the armies of
tameociatton of the Company wham required. aged I anther=
liwert "no au time
"lalier of maohme fee the
of sham wetted Claud aneudere
Nu"! to em

Ti-

Dais

gaud /Waken' mom.

jr EATING'S COUGH LOZENGES are daily
recesseeseee b the Iseeatt—teelbaselak tem the met
me al whom ow be leeheteei—ite the sell
Levey, aad C42l,lllillai NEMO kV Ow& enag=ent
Low. Chat. 'ad Tlmeit. OM tit tem% *l-; ties.
M. ed., wed ate.t T. KAMM Oheedek Th.
Obarehiart. MK Mgt Iv all