The Express.
London, England, 1865-05-30 00:00:00

OiTICIAL M

PROSPECTUS.
The Cheshire Amalgamated Belt Works Company has been
formed for the purpose of purchasing and developing existing
salt works, and by a judicial& union of interests under one
management, to 'Keel at ones a large madam In agencies and
working eepeeee.
The salt district of Cheshire is the source of fourdlfthe of the
entire quantity prodeeed for home and foreign supply
The company km sneered into a coutract to pumhase the ex-
tensive and well-known works belonging to Mr. Blackwell and
Messrs. Kay end dog which are conddered the moat complete
and efficient in the trade, sad minaist of the following freehold
and leasehold properUes
The Northwlch Works, I The Malkin's Bank,
The Windord Worts, The Wheelock Works, and
The Whitehall Works, The Wharton Balt Wurka
Them worth are now employing RA teen, and producing up-
wards of two hundred thousand tons of salt per annum, all of
which meals with a reedy male.
By the terms of the contract for purchase the works are to be
handed over at owes to the Company, although the payment for
the same is to spread over a period of more than twelve months.
The purchase Maudes machinery, plant, workshops, brine
shafts, railway weaves, bargee, and lids, as well as contracts,
both for maentactiared salt and the *applying of brine to other
works in the district.
Prier to the signing of the contract for purchase the whole of
the properties were valued by Meows. Wilkinson and Home,
and the books examined by Mews. C. P. Kemp, Carman, Font,
and Co., on behalf of the Company.
The supply of twine of wbkh the Company will have the
entire c-setrol is thexhaasUble, and as eatra revenue of £l,OOO
per mown is actually derived trout the male of brine to other
salt manufacturers. It 4 the intention of the Directors to ex-
tend their powers of production, by providing additional evapo-
rating pans, for which the properties afford ample spook and
which can be done at slight expense, es no new machinery
would be required, the existing pumps sae englses being fully
capable of *tang a mach larger quantityof brine then is now
used.
The demand for salt is not merely confined to the United King-
dom. The exports; to the continent and our colonies, including
India, are about one million tons ennually, valued at more than
itariust wiaq the demand for home consumptiou
Increasing day by day. and uo tut ir:Fre rat wroth!if I/ 61
discovered in the country.
Mr. James Blackwell, whose large experience in the salt trade
has enabled him to carry on his worts with marked sneosesl
asly induced to part with them from declining health, but he
wiwed cootinue to aid the Company with his u4teooe and dyke
as director; and his moo, being fully qualilleld fur the post, is
recommended as manager of the works.
Mr. Christopher Kay, under who • management the Wharton
Works have been for many years conducted, will also take a seat
at the board ; and thus thine greet elements of succesa, practical
knowledge of the Wads, powerful union of internee, sad coca-
traelive absence of eampellition, have been in this Losiamos corn-
The value of this unavotant is best evidenoed by the fact,
that both Mears. Blackwell and Kay h eve stipulated that they
shall receive nearly one-third of the purehme money in shares of
the Company, end a like anioant In debentures, not payable
until after a term of live maim during which time they will bear
iatarest at the rate of five per cent. per annum.
Prom informed= derived from pante having a personal
knowledge of the trade, the Directors feel )testified in stating that
theme works will yield a dividend of not less than IX per cent.
per annu n to the shareholders under their present rate of pro-
duction, which can however to very materially Increased ata
very small outlay.
No prornotlon-money has been or will be paid by the Company.
The articles of emanation may be impacted at Werra Ashurst.
Morris, and Co.'s offices, 6, Old Jewry ; and proopectuma and
forms of application may be obtained of the bankers, brokers
and solicitors of the Company ; and of Mows. G. H. and A. T
Jay, le, Tokeehoom-pant.

ALL IRON WOR K.
me RT. PANCIUJI
rood.
WORK COMPANY.
OM Posersa-rod. London. N.W