The British Press; or, Morning Literary Advertiser.
London, England, 1825-01-22 00:00:00

ELCII IRON and COAL MINING COMPANY.
This Company is forming for the purpose of working some
valuable Iron and Coal .!lines, in North Wales, and also for the
purchase of other Works of the same description, at present either
not worked at all, or, for want of capital, only to a limited extent.
The Capital of the Company Is .C 250,000, in Ten Thousand
Shares of £25 each.
All communications and applications for Shares, to be made, for
the present, to Sir John Poring, Bart. ; Shaw, Barber, and Co
Bankers, 72, Curnhill ; or to Meows. %Vilks and Verbeke, Solici—
, 36, New lkoad-sweet, wbo will lay the same before the Di-
Mem
I.kr. Tender will be received after SATURDAY, the 22d instant,
now will any Premium be required, although the Projectors have
procured great advantages for the Company, and have incurred
considerable expense.
London, Jan. 7, 1825.
FORX or TENDER.
To the Committee of the Welch iron and Coal Alining
Company.
GENTLE3IRM.
I request you will insert my Name for hares in. this
Company, and I hereby undertake to pay the Deposit whew tit-
imired so to do. Dated this January. 1824.

ASETROPOLITAN INVESTMENT SOCIETY,
1.11.1 for the SECURE and PERMANENT EMPLOY-
' 3IENT of CAPITAL, and for PROCURING A HIGH
RATE of ANNUAL INTEREST.
In the vicissitudes of war and peace, which this country has ex-
perienced within the last forty years, all classes of the people have
in their turn b en gainers and sufferers.
Amid these vicissitudes, however, the increase of the capital of
the cominurity, taken together, has, from time to time, exceeded
all calculation. Of this tact the most striking example is to be
found in the vast sums that were annually contributed by the peo-
ple to the exigencies of the country in the last war—sums of money
which exceeded the most sanguine expectations of every statesman.
For instance, the gross receipts of the Exchequer in 1811, from
loans and taxes, were ninety-nine millions sterling ; in 1812, one
hundred aid live millions; in 1813, one hundred and thirteen mil-
lions; in 1814, one hundred and thirty-four millions; and in 1815,
one hundred and thirty-one millions. Since the war terminated,
public works of great importance have been executed by means of
the money of private individuals, and more than eighty millions
sterling have been lent to foreign countries. 't he various under-
takings now before the public will also absorb much capital. But
political arithmeticians have estimated the incomes of the British
people at between four and five hundred millions per annum ; and,
to truth, it actually appears, that, notwithstanding the supplies of
capital which have, since the termination of the war, been devoted to
various objects of investment, such is the existing superabundance
of capital, that the rate of interest in the money market of London
has fallen to about three per cent. per annum.
It is also the declared intention of his Majesty's Government to
reduce to three per cents. all the public stocks of a higher deno.
mination; and even the three per cents. are threatened to be re-
duced to two and a half per cents.
The peace of Europe being settled into a repose of apparent
permanency, it may well be expected that the small capitalists will
become a suffering class of individuals. The growth of capital
will progressively reduce the incomes of those who depend for sub-
sistence solely upon the interest of money, and who re-invest their
savings to make provision for their families. Any plan, therefore,
that may be suggested for the benefit of this class of society is
particularly deserving attention.
Were the growing capital of the community to be allured from
time to time into foreign objects, for want of domestic investments,
this would tend to enrich foreign nations, and to impoverish our-
selves ; but domestic investments assist the distribution and circu-
lation of money among the British people, for the promotion of
their own contort and happiness, as well as for the increase of
national power.
Among the various projects that have attracted the attention of
the public, it does not appear that any of the joint stock compa-
nies which have recently been formed offer to the shareholders
either undeniable and permanent security for their capi:al, or the
immediate and regular payment of an adequate annual interest.
In many cases the security for the principal is speculative and un-
certain, and consequently does not constitute a species of property
in which prudent persons are willing to embark their capital.
It cannot be denied that the freehold and leasehold houses and
edifices, building land and ground rents, are classed among our
most solid securities. They yield a higher rate of present interest
than any other fixed property, and prospectively hold out this ad-
ditional benefit, that such houses and buildings as are erected on
freehold land, let for terms of years, become the property of the
ground landlord at the expiration of the lease.. Te!TIIS of years in
the affairs of a permanent company are but as days in those of indi-
viduals; capital, destined to the purchase of such property, pro-
mises 'both immediate productiveness, and great eventual advan-
tages.
`Pith these views, therefore, it is proposed to establish a society
for the following specific objects :-
Ist. Undeniable domestic security for the investment of capital,
by purchasing freehold and leasehold houses and edifices, ground
rents and land, eligible for letting on building leases.
2411 y. A higher rate of half-yearly interest than any other
equally solid securities offer.
3411 y. The extension of these advantages to the middling classes
of society, by the opportunity offered them of becoming share-
holders with other capitalists.
The capital of the society to be Two Millions, to be divided into
80,000 shares of 251. each.
A deposit of 11. per share, to be made as soon as the shares shall
be distributed, but all further calls are to be made only according
to the progress of investment.
The affairs of the Society to be managed by 24 Directors, in-
cluding the Chairman and Deputy Chairman.
Five of the Directors to be appointed Trustees.
The Director first appointed to remain in office for three years;
six Directors then to retire from office annually, and six others to
be elected by the Proprietors in their stead ; and no Director to be
eligible to be re-elected until he shall have remained out of office
one year. In case of vacancy in the Direction, from death or other-
wise, the same to be filled up within one month after the vacancy is
declared.

The number of Auditors not to exceed five, and to be elected by
the Proprietors from among themselves.
The qualification of a Director or Auditor to be 60 shares.
The Proprietors, voting on questions affecting the interests of the
Society, to have

One vote for 5 shares, 1 Three votes for 50 shares,
Two votes for IS shares, 1 Four votes for 100 shares.
No Proprietor to have more than four votes.
The Directors to have the power of appointing to any such
offices as they may consider necessary for the purposes of the So-
ciety, except those offices the direction of which is reserved to the
Proprietors.
A general meeting of the Proprietors to be held annually.
Interest on the amount of the capital advanced by the Pro-
prietors to be paid half-yearly, at a rate to be, from time to time,
fixed by the Court of Directors, not being less than 4 per cent. per
annum. _
_ _

A proper deed of settlement to be prepared and approved by the
Directors for carrying the objects of the Society into effect, and to be
executed by the Proprietors within one month after notice shall be
given of being ready for its execution.
Applications for Shares to be made by letters only, post-paid, ad-
dressedto 11lesars. Lowten and Nicholson, Lansdown-place, Bruns.
wick-square, solicitors, or at Messrs. Williams and Co.'s, Birehin_
lane, Bankers to the Society.

Form of Application for Shares.
Gentlemen, —, 1823.
Ile pleased to insert my name in the list you are forming
for the Metropolitan Investment Society, for.— shares, the depo-
sit upon which I hereby undertake to pay when required.
I am, Gentlemen,
Your obedient Servant.
To Messrs. Lewten and Nicholson. Lansdown-place,

ESTCOURT CRESSWELL, ESQ.
A LL Persons having any Demands against the late
1-1 ESTCOURT CRESSWELL, Esq., of Pinkney Park, in
the County of Wilts, or his Estate, are requested to send the Par-
ticulars of such Demands to Messrs. CARR and FOSTERS, No.
tbi, John-street, Bedford-tow, Solicitors, in oiler to their being
submitted to the Trustees.

Accounts sent from the Country must be post-paid.
SELLING OFF, at 39, Oxford-street, opposite Dran-
street, Soho—The Proprietor, who is about to retire, wishing
to clear off his Stock, previous to leaving town, has marked every
article full twenty per cent. lower than it can possibly be manufac-
tured for.

The following List of Prices is particularly worthy the notice of
the Public, and more especially of large purchasers :—GROS DE
NAPLES, 3s. to 4a. Levantines, very rich, 3s. 3d. to 44. ;
black and coloured sarcenets, 2s. 3d. to 3s. fid. ; satins in every
shade, from 2s. 2d. to 31. 61. ; Norwich crapes, Is. to Is. 9d.
bombasines, of the finest quality, Is. 4d. ; Italian nets, Is. 2d. to
Is. 11tl. ; a ten thousand pounds' stock of pillow and bobbin lace,
lace veils, scarfs, handkerchiefs, cape, &c. ; pelisse cloths, stuffs,
cloakints, Irish linens, lawns, long cloths, calicoes, muslin,
with every article in haberdashery, hosiery, gloves, &c.
The whole of the above Stock must be disposed of within one
month, and no reasonable price will be refused for soy thing.
The Lease and h'ixturee to be sold,