The British Press; or, Morning Literary Advertiser.
London, England, 1825-01-29 00:00:00

THE BRITISH PAVING, BUILDING, AND
INVESTMENT COMPANY.
Capital A 2,000,000.
Without presuming to question the honourable intentions or
just views of the persons uudcr whose Influences, large portion of
the Capital of the Country has been embarked In foreign specula-
tions, doubtful in their nature' and the returns to be derived from
'whit* munot be estimated, it is itot toe much to assume, that the
interests of the kingdom, and the true principles of national wealth
are best consulted by an appropriation of its surplus Capital to
objects of internal improvement. By such an application of
Capital, the best arts of peace are encouraged, an impulse is given
to the industry of the Country, and the real wealth of the Nation is
a ted.
ulmidst the numerous plans submitted to public consideration,
few combine the advantages of national improvement and comfort
with individual security and profit: and it is to be lamented that
in a country like England, win& can boast of unexampled weeltb,
its national dignity should be diminished, by a wan of attention to
works of general utility and coavenience.
The defective state of the Paving of the Kingdom, particularly
of the metropolis, the inadequacy of the Capitals of individuals to
engage in works of a public and extensive nature, and the conse-
qeent breaches in the performance of their contracts, together with
the admitted imperfection of the systems generally acted on, have
long been subjects of complaint and regret; at the same time
it is well known, by persons conversant with this branch of trade,
that the profits realized by the contractors, far exceed the fair
return they ought to derive from the employment of their time and
capital.
The regulated prices published by the different Building Arti-
ficers' Companies, together with those which are promulgated under
the terms of " Measure and Value," and in the various publics.
dons entitled" Builders' Price Books." are at present se high, and
the uncertainty of the ultimate coo of Building so great, that many
individuals are deterred from making those improvements on their
property which would otherwise be eagerly adopted.
These subjects, as well as the defective state of the Building
Acts, and the investment of money in Building Ground, with a
view to the general improvement of the architectural embellish-
ments of the country, have long occupied the attention of the
Proposers of this measure. Their chief object has been the general
improvement of the Paving and Building of the Kingdom, com-
bined, as it is collaterally connected, with a judicious and profitable
investment of Capital to aid those purposes.
To accomplish these objects, THE BRITISH PAVING,
BUILDING, AND INVESTMENT COMPANY, has been
formed, and its operations will extend to the execution of every
species of Building and Paving, including every description of
Public Works, by contract, tinder the immediate superintendence
of Engineers. Architects, and Surveyors of eminence, in all parts
of the kingdom, on terms highly beneficial to the public.
Arrangements have already been made, by which the Company
will have the benefit of working'sonse extensive Quarries of Granite,
Flag, Free, and other Stone, onTerms calculated to insure a highly
profitable return to the Shareholders.
The creation of Ground Rents, and improved Rents, by the
purchase of and the &Meting and leasing of Land calculated for
Building Ground, will form a leading feature in the operations of
the Company, and will be fraught wilt peculiar advantages to the
Proprietary at large.
It is also proposed to make advances on the deposit of Leases.
Title Deeds, and other Securities, for such periods as may be found
beneficial, and to purchase such Properties, either reversionary,
contingent, or otherwise, as shall offer a profitable return, by which
means the Company will be able to afford unequalled facilities to
individuals to promote the execution of public and private works,
and thereby to secure to the Proprietary all the benefits of a Society
for the investment of Capital, in addition to the other advantages
attendant on its transactions.
The Investments of the Company will be strictly confined to such
as ensure an immediate and profitable return, the Directors pre-
cluding themselves from engaging in any transaction bearing the
remotest appearance of hazawl or uncertainty.
In the execution of their Paving Contracts, the Directors of this
Company do not contemplate any interference with the Superin-
tending Authority of the Commissioners and Committees appointed
by the different Parishes; but rather design to co-operate with
them for the purpose of carrying more fully into effect their
powers and intentions, at a lower rate, an extended Credit, and
upon improved principles ; and it is intended in all cases to employ
the poor of the several parishes, where their labour can be made
available.
The Affairs of the Company are under the Management of a
Committee of Directors, assisted by the Engineers, Architects, Sur-
veyors, and other Officers of the Institution; and all Engagements
on behalf of the Company will be entered into in the names of the
Directors, they having recourse against the Funds of the Company
only, so that no Shareholders can be called upon to pay more
than the Amount of the Share or Shares held by him or her re-
spectively.
The Capital of the Company is 2,000,000 f. divided into 20,000
Shares of 1001. each, to be called for as the Directors shall find
advances necessary to forward the objects of the Company, of each
of which Calls one month's notice will be given. A Deposit of 2/.
on each Share is to be paid to the Bankers of the Compatiy, to the
Account of the Directors, immediately after the Distribution of the
Shares.
Applications for Shares to be made, by letters post-paid, ad-
dressed to " The British Paving, Building, and Investment Com-
Rany ;" at the Banking-houses of Messrs. Fuller and Co., Corn-
ill ; Messrs-Ransom and Co., Pall-mall East; at the Ogees of
Samuel Burley, Esq. Architect, 4, Carlton Chambers ; William
Andrews Esq. Solicitor, 20, Great Winchester-street; or James
Clift, EA. Solicitor. 13, Holborn-court, Gray's lan, Joint Soli-
citors to the Company.

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