The British Press; or, Morning Literary Advertiser.
London, England, 1824-05-03 00:00:00

Has One* as Das ofilarfolk,

tio:

iTi:d ilimnrsbury
Use Viscount Dillon
Lied Vtarount Steunon
Lord Viscount Arundel
Bev. Dr. Collins,
Andrew Langhorne, Esq.)
ITLI
Edward Blount, Esq.
Rae. Mr. Corr
VAoey Enertield, Esq.
111. L. Ilia, Esq.
ROI. J. Jones
N. V. Jerningbern, Esq.
Therou Jones, Esq.
Rev. Mr Kale
Junes Kir nen, Esq.
Tickets to be bad of the Stew
of Mr. Weekmar, the beaten
square.

WEST INDIA CD
MILL

ratsi
Km J. Denims, Esq. 31. P.
elsiulea Rose Ellis, Esq. 31. P.
Pascoe terenfell, Esq. 11. P.
Gone Ribber*, Esq.

_ .
DIRECTORS.
Thema. Bainbridge, req. Wit.. Maxwell Alexander, Eag.
raojansin Barnard, Egg. John L. Atidirdon, Ley.
John lanes, Esq. M.P. Loess Darkly, Esq.
Samuel Jones Lloyd, Esq. M.P. I Charles Boaanquet. Esq.
Ste John Wan. Lub...teck, Bart. Andrew Colville, Esq.
Stewart Marjoribanks.EA.M.P. Samuel llibbert, Esq.
Hank! Mildred, Esq. Hobart Lang, Esq.
John H. Pally, Esq. Wm. Pratt Litt,
Ste John Rae Reid. Bart. Davie Lyon,
_KS4/.
John }faker Richards, Esq. Wm. stitchell, k.q.
Sir James Shaw, Dart. John Plun.ister. Esq. 31. P.
.i.ndsow henry Thoutson, Esq. Cohn Robertson, Esq.
AUDITORS.
John Pines, Esq. Abel Smith, Esq. 31. P.
Simian Taylor, Eaq. I Edward Whitmore, Esq.
Hass. Smith, Payne &Smiths. I Moors. llosanquet and Co.
At a time when the advantageous employment of money is so
diSeult, that it is fared into foreign countries fur the temporary
and uncertain benefit of a higher interest than is afforded in the
English Funds, a more appropriate and secure investment has pre-
sented itself in the formation of a West India Company, which, at
the same time that it will give an impulse to long-established
souses of British production and wesith, will secure a liberal re-
turn of profit.
This Company is instituted for.the purpose of receiving eensign.
memo of %Vest India produce, in return for advances to be made on
mortgage and other good security, upon such a scale as will afford
as adequate profit on the capital employed ; and also of making
temporary advances upon the assignment of mortgages bearing w-
hitest if tercet. with collatera/ security.
()3e material circumstance in favour of such an investment is,
that the profits of the Company, instead of being diminished, will
beeuoaitlenably increased, in the event of war.
The establishment of this Company will be nor advantageous to
all persona lannosted in the Colonies, as to the Subscribers. It is
anticipated that immediate activity will be given to the circulation
of Colonial property by the advances which she Company will
snake to parties who can offer adequate security with consignments
of produce; this will have the effect of maintaining the fair value
of West Judie Estates, and thus operate favourably on the condi-
tion of the negro population, which is twins:tidy connected with,
and in a groat measure dependent on, the prosperity of the
master.

It is proposed that there shall be eight Presidents and four
Auditors, and the aliens of the Compriny will be conducted by
Twenty-four Directors, of whom Twelve only shall be West India
Alerzhants.
The Capital of the Company will be Four Millions, consisting
of Forty Thousand Shares of 1001. each, un which a deposit of 101.
to be paid. 41. thereof at the time of subscribing, and 51. on or
bekte the 31st of May. Further instalments, upon due none:
from the Directo:s, will be =Mil for, as lia business of the Coot-
paiiiimmay require.
Irtatitunott having roonyed the approbation of Govern- I
meat, a Bill is preparing for the purpose of forming a Joint
Stock, to be vested in the Company by Act of Parliament, limit.
ing the liability of the Proprietors to the amount of their reaper.
live Shares.

-.- -.-
Interest at Ova per tent. os the instalments will be paid for the
Arst year ; attar which such part of the profits, not exceeding three.
four as the Directors way think fit, shall be dividei ; and at
the end of every 'even years, or earlier at their discesion, a propor-
tion of the reserved profits Mall be distributed, by way of bonus,
monget the proprietonn
Applications for Shares will•be received by the Board of Ma.
segment, at Messrs. slennings and Anderden's, New Bank-build-
ings. till Saturday, the Bib of May, and will be answe..-ed by the
16th of May.

Neretrry of the 20t11 ult., with a copy of which we Lave
been favoured by Sir William Barton :^
Saturday, March V), 1823.
The brig Elizabeth, which arrived on Thursday last front
Africa, gives an account of a sanguinary conflict that laid, bar
penid between the Awhantees, a very powerful race, and a force
composed of about 3,000 natives and others of Pape Coast Castle,
imglidi settlement in that neighbourhool. The former had, of
late, made frequent incursions for the purpose of plundering the
latter territory ; nod, in one of theo2, Iwl MOM a British see.
cant. who they murdered, and afterwards mutilated in a most
horrid manner. To avenge this crime, and the insult offered tin:
English flag, Sir Cherie' M•Carthy, Governor of Sierra Leone,
immediately prepared this expedition, which wax formed into three
divisions, one of which he commanded, and was accompanied by
merchants as volunteers; but, before the three parties could form
*junction, Sir Charles was interceptod 111,000 of the Ashanti:ea,
whom he fought as long as his ammunition lasted ; but being at
length overpowered by such an immense number of the foe, he and'
those with hint were either massacred or made prisoners; and,'
front their blood-thirsty character, it is feared the first of these dis-
asters has befallen them, and other circumstances of aggravated
cruelty. Although fintrteen day had elapsed since the departure
of this expedition, no intelligence of fir (harks or of the mer-
chants had reached the Cape when the I:lizaheth left that coast.
It has been suntils,Al that tile Adnintees been instigated to
their late ill conduct by sonic foreign traders in a neighbouring dis-
trict, on mount of the exertions of the British in intercepting the
African slave trade.
The following is an extract of a private letter from an
officer of rank on board the Owen Giendoser, which not
only confirm the disastrous tidings above given, but adds
to them the melancholy intelligence of the death of that
enterprising .raveller Belzoni:—
CAPE COAST, FED. &

AU is confusion here. The Ashantees have beaten the Governor.
lie is a prisoner or killed, so are all the white men of the party,
about seven or eight, and snore than two thirds of his force. Our
marines garrison Cape Coast Castle.. We have been on duty night
and day of the severest nature.
I almost thought the other day that my jaw-bone would have
ornamenud an Ashantee drum ; fate would have it otherwise.
We have had two marines and one litooman killed; and two ma-
rines and five seamen wounded.
We are all ready for harder work, and ms the Ashantees
show no quarter, but torture those they take, if our lads are
obliged to land (which is snore than probable), I land too;
no prisoner will any of us be, that is determined. The
country, overrun by the Ashantres, is in a horrible condi-
tion ; every male old person, and child, is put to death ; the girls
'just arrived at a proper age are saved. A Captain L'Estrange was
so affected by the dreadful sights which he saw on the march,
that, on seeing two children hung up by the neck, and two with
their bellies cut open, he dropped down and died.
Belzoni Is no more. lie thud at Benin, of dysentery, after every
thing that could be wished was done and settled fur his proceeding
into the interior.
Barrow's supposition is just; the Congo is the Niger, I bare
pretty good information.