The British Press; or, Morning Literary Advertiser.
London, England, 1825-01-26 00:00:00

THE BRITISHPAVING, BUILDING, AND
INVESTMENT COAIPANY.
Capital 2,000,000.
Without presuming to question the honourable intentions or
just views of the persons under whose influence a large portion of
is Capital of the Country has been embarked in foreign specula-
hon., doubtful in their nature, and the returns to be derived from
which cannot be estimated, it is not too mach to assume, that the
interests of the kingdom. and the true prieciples of national wealth
379 best consulted by an appropriation of its surplus Capital to
objects of internal improvement. By such an application of
Capital, the best 1331 of peace are encouraged, an impulse is given
to the industry of the Country, and the real wealth of the Nation is
augmented.
Amidst 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
is a country like England, which can boast of unexampled wealth,
13 national dignity should be diminished, by a want of attention to
works of general utility and convenience.
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-
quent breaches in the performance of their contracts, together with
the admitted imperfection of the systems generally acted on, have
long been subject+ 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 dense from the employment of their time and
amitaL
The regulated prices published by the different Building Arti.
Seers Companies, together with those which are promulgated under
the terms, of " Measure and Value," and in the various publica.
tons entitled "Builder Price Books," are at present so high, and
ice uncertainty of the ultimate cost of Building so great, that many
Individuals are deterred front making those improvements on their
property which would otherwise be eagerly adopted.
These subjects, as will as the defective state of the Building
Acts, and the investment of money in Building Ground, with a
raw to the general immurement 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 tit- 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 INVESTAIENT 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, under 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'some extensive Quarries of Granite,
flag, Free, and other Stone, onTerms calculated to insure &highly
peohtable return to the Shareholders.
The creation of Ground Rests, and improved Rents, by the
purchase of and the allotting and leasing of land calculated fur
Building Ground, will form a leading feature in the operations of
the Company, and will be tiaught with peculiar advantages to the
Proprietary at large.
It is alto 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, OT otherwise, as shall offer a profitable return, by which
means the Company will be able to afford unequalled facilities to
individuals to promote the esecution 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 tie other advantages
attendant on its transactions.
The Investments of the Company will be strictly confined touch
as ensure an immediate and profitable return, the Directors pee-
cludirg themselves from engaging in any transaction bearing the
remotest appearance of hazard or uncertainty.
In the execution of their Paving Contracts, the Directors of this
ompany do not contemplate any interference with the Superin-
ending Authority of the Commissioners and Committees appointed
be the different Parishes; but rather design to eo.operate with
them for the purpose of carrying more fully into effect their
powers and Intentions, at a lower rate, an extended Credit, and
,pon 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 Compare y are under the Management of' a
Committee of Directors, assisted by the Engineers, Architects, Sur.
:errs, and other Officers of the Institution ; and all Engagements
behalf of the Company will be entered into in the names of the
Directors. they having recou• se against the Funds of the Company
GOiy. 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/. divided into 20.000
`hares of lOW. eseh, to be called for as the Directors shall find
'deuces necessary to forward the objects of the Company, of each
J which Calls one month's notice will be given. A Deposit of 2!.
in each Share is to be paid to the Hankers of the Company, to the
Account of the Directors, irmrosiliately after the Distribution of the
'hares.
Applications for Shares to be made. by letters post-paid. ad-
' iletssed to " The British Paving. Building, and Investment Com-
BanY ;" at the Banking-houses of Messrs. Fuller and Co.. Corn-
; Messrs. Ransom and Co.. Pali-mall East,, at the Offices of
\arnuel Ileazley, Esq.. Architect, 4, Carlton Chambers; William
Andrews, Esq. Solicimr, 21, Great Winchester-street; or James
Clift, Esq. Solicitor, fl, Holborn-court, Gray's lon, Joint Soli-
citors iota. Cegapany.