The Sun.
London, England, 1864-07-11 00:00:00

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This Company is formed for the purpose of carrying on, as
O. joint-stock enterprise, the well known engineering works of
Mr. Henry Grissell, situate in the Eagle Wharf-road,
Regent's Cana', London.
Mr. Grissell's 'works cover a space of 21 acres of land, and
possess a frontage of 70D feet on the Eagle Wharf-road, with
nearly the same extent of water frontage. Being situated on
the Regenes Canal, they are connected with the Thanes and
with all the nilways which run into London, and are other-
wise admirably adapted to the requirements of the business
to be conducted therein. They are now in full operation, and
the Company will thus at once enter upon an existing and
profitable business.
It is intended to work, in conjunction with this business,
Some valuable patents which the Company have arranged to
acquire for improvements in an important class of steam
agricultural machinery, for which there is a largely increas-
ing demand at home and abroad, and for the manufacture of
Which these premises are well adapted.
The Regent's Canal Iron Works were established by Mr.
Grissell in the year 1844, and since that time have been most
successfully carried on under his imme• fate supervision. For
heavy and expensive castings, and for iron bridges, and the
like, his works stand unrivalled. He has founded, in connec-
tion with these works, an extensive continental as well as
home connection.
Within the last few years many important engineering establishments have been transferred from private hands to form the basis of joint-stock enterprise, and with the most
°narked success. Amongst these may be named the works of
Mr. John Ashbury, now The Ashbury Iron and Waggon
Company of Manchester ; the works of Mr. John Barrow, of
Staveley, now Th Staveley Iron and Coal Company (limited);
and those of Mrs-John Brown, now known as John Brown
and Company, of Sheffield. The shares of all these are at a
Very large premium.
The terms upon which the Directors have engaged to pur-
chase Mr. Grissell's works, are founded upon a valuation
made by Messrs. Fuller and Horsey, and are most satisfac-
tory. Mr Grissell has agreed to leave in the business a con-
derable portion of the purchase money, and for the present
to take upon himself the respon-ibilities of Managing
Director.
The shareholders will incur no liability beyond the amount
of shares allotted to them. Applications for shares must De
made upon the annexed form. Each applicant will be re-
quired to pay into the bankers of the Company per share
on the number of shares arplied for, and upon allotment to
make a further payment of £2 per share on the shares allotted
to him. It no allotment be made the deposit will be returned
In full. Further calls will be made at intervals of not less
than two months, and no call will exceed £2 per share.
Prospectuses and forms of application for shares may be
had of the Solicitors, and at the Offices of the Financial Cor-
poration (limited), 13, Leadenhall-street, City, E.C.

FORM OF APPLICATION POR SHARES.
To the Directors of the Regent's Canal Iron Works Company
(Limited).
Gentlemen,—Having paid to your bankers the sum of £
being a deposit of £1 per share on shares in the above
Company, I hereby request thAt you will allot me that num-
ber, and I accept suoh shares or any less number, And I
further reqn st that my name may be placed on the Register
of Sher re
ders for the shares so allotted. And I further
agree to sign he Articles of Association when called upon to
do so.
I am, (Gentlemen, your obedient servant,
same in full
Residence
Profession or Business
Date

THE HUDIRSVALL and FORSSA STEAM
SAWING MILL COMPANY (Limited).
Incorporated under the Companies Art, 1862, limiting the
liability of shareholders to the amount of their shares.
Carital, £160,000, in 3,200 shares, of 450 each, with power to
increase to £20u,000, of which about £75,00j, or ,600 shares,
in ful y paid-up shares will be taken by the Hudiksvall
Steam Saw-mill Company (Limited).
Deposit, £5 per share on app 'cation, £lO en allotment The
other calls to be made at intervals of not less than three
months. Interest at the rate of 5 per cent. per annum will
be allowed on all money paid in anticipation of calls.
DIRECTORS.
J. C. Im Thorn, Esq., firm of Messrs. J. C. Im Thorn and Co.,
1, East India-avenue.
Chas. Andreae Esq., firm of Messrs. Nestle, Andreae, and
Co.. 19, ht. Dunstan's-h 11.
Chas. Victor Benecke, Esq., firm of Messrs. Schtmk,SoueliaY,
and Co., No, 63, Moorate-street.
J. H. Passow, Esq , 63,1iloorgate-street.
J.C. W. Ritter, Esq., firm of Messrs. W. Ritter and Co., 157,
Fenchurch -street.
With Tiower to add to their number.
BANKERs /If tONDON. The London and Westm abater Bank.
Messrs. SOLICITORS.
Chas. Druce and Sons, 10, Billiter-square.
DRxERS.
Xessrs. Woolley, Coates, and Hankey,26, Tokenhouse-yard.
SERETAR
4. C. W. Ritter. Esq., Hon.o S' ecretaY.
ry• until a Secretary shall
have been appointed.
TEMPORARY OPP/CES.
Mitre-chambers, 157, Penchurch-street.
A. private Company yeas established in 1857, under the
name of the Hudiksvall Steam Sawing Mill Company
Mind ed), for the purchase of fore-ts in Sweden, and the
taking of grants or leases or other title to such forests, with
the right of selling the same ; the completion of water com-
rmunicatiens for floating timber from the forests to Forssa,
and thence to Hudiltsvall r erecting steam and water sawing
Mills for converting the tireiber into deals, and the. sale of such
deals at Hudiksvall, or the consignment cf them tor sale to
London or other places.
The present Company is formed for the purpose of extend-
lug the operations of the above-mentioned Hudiksvall Steam
Sawing 311.11 Company, the shareholders in the Hudiksvall
Steam Sawing Mill Company being willing to take payinent
for the whole of the capital invested by them In paid-up
Considerable of the new Company.
Considerable and valuable forests in the parish of Lillherr-
dal in the vicinity of the lierje and Ljushe river; in the pro-
vince ot Jemptland, also in rdrila, have been secured upon
leases for 60 years, renewable every 10 years during the term
of 50 years, without fine to the lessors. These forests, cover-
ing between 300 and 40r English square miles, or 00,000 to
250,000 acres, are, from be general advance in the value of
forests, supposed to be of much greater value now than they
were t the time of the purchase. About £7, 00 have been
expended in making dams, and cleating' the streams in the
forests, in order to facilitate the floating of the timber to the
liver Ljusne ; and about £31,000 in establishing a water corn-
atinnication between Swithammer, on the river 4 usne, and
the Mill at Forssa, including about 5..5,040 paid as an equi-
valent for a Share in the existing floating- arrangements in-the
liver Ljusne, thereby acquiring the right of 11 acing free of
dues for ever. The water communications between Swin-
glimmer amt e Mill have been most substantially con-
atructed, under the direction of Commissioners appointed by
the Swedish Government, and consist ot ducts and canals—
erne of which has been cut through the solid rock
the in-
cludes a hauling bed, worked by a steam engine, forth® plir-
pose of raisi ethe floating logs to a higher level, about 40
feet, from which paint there is a fall gained of upwards of 340
feet, extending over this line of water communication,with an
ample supply of water all the year round. These Work
hate
cost a large sum of money beyond the original estimate., be-
cause the Government insisted upon their being constructed
upon a much larger scale, in order to make them available tor
the public in general, This additional outlay, however, has
already begun to bear good fruits, since a profit hes been
+cleared during the last year by floating timber for other par-
ties, which souice of revenue is likely still further to reduce
'the floating expenses. About £22,700 have been expznded
on the steam sawing-mill and engines, with workshop com-
plete, which are of the best English workmanship, in excel-
lent condition, and capable of sawing about 1,000 logs per
day, thus showing the magnituie of the works X 3,60 , have
been expended at Forssa, Lillberrdal,
thealabourers' dwellings and storehous other places, for
Pre ! y are all bstan-
tially built, and and freeholo - -
. property, as well seethe saw
mill, the entire line of war'
..er communication between Swin-
hammer and N'orssa tli
and the shipping _ , -e deal yards at Foram, sundry farms,
,oare bought bs7,.avilttal; in the pot of Hudiksvall. The deals
Fr
o_f the b 'es ( about eight miles, to Hudiksvall,
na ura po n.
t 1 ' i
14.! '-'lll various causes tharrangements were not completed
"'ere the year Ise?, and thus the year , 863 is, in fact, the
tear in which the capabilities of the works have been tested,
fld upwaris of 6,000 standards of deals, of shipping quality,
'were actually produced and sold, the quality being generally
approved of in the London markets and elsewhere.
In order to make all the capacities of the works available,
`which are, without any further outlay for plant and me-
thinery, equal to the production of 8,000 standards of deals of
shipping quality per annum, it is intended to create 3,200
shares of £5O each, 1,500 of which will be ken by the share-
holders of the Hudiksvall Steam Sawing-mtaill Company, who
are willing to take payment for the whole amount invested
by them in paid-up shares. The remaining 1,700 shares are
%ow offered to the public. If the capital of the Company is
extended to £200,000, it would be for the purpose of increas-
ing the operations of the Company, which is not oy any means
bnprobaule.
The total assets of the old Company on the Ist January of
this year amounted to £137960 19s. d. These assets com-
prise £1,500 still to be paid in three instalments for the lease
of the Lillherdal Forest; and also include about £33,100
for deals sold for early delivery, and about 150,0J0 logs at
the mill and floating; there are also sundry other good out.
standing debts.
In order to secure to the Hudiksvall and Forssa Company
the who e profits of the eurrent year, it is
proposed that all
the properties as above, and assets of the Hudiksvall Com-
pany, should be tak n by the Hudiksvall and Forssa Com-
pany, for the sum of £138,5uu ; and that all moneys expender;
since the Ist January of this year, including interest and
commission on the capital employed, be considered as ex-
Pended by and for the benefit and at the cost of the Hudiks-
vall and Forssa Company.
last year,
The calcu ations based upon the actual experience of the
show a profit of 8 per cent. upon the extended
anilktl, with fair prost estimate further increase for the future.
a-, '4.,c calculation or of the probable profits, allow-
ce has been made for a reserve fund, which, with inte-
iherest, will allow the capital of the Company to be paid off at
e„,,
saes''''s of 43 ars when the leases of ihe forest will expire
ue it should '
newleases, be deemed expedient at that Arne to pur-
The sale the pricer, Prices upon which the calculations are based are
some
of
tilactually obtained for the last year's produce, and
their of first brokers in the timber trade have given it as
the futur 11 that higher prices are likely to be obtained for
and about 1,700
e• The saw'mills are at this moment in full work,
weeks,
whittandards of deals have been sawn in the last
setts
Engli market cub' of average quality, will realise in the
r‘pwards of £9,100 net. At the present mo-
ment there are a ships loading at the Company's wharf at
lindiksvall.
Applications I
.Or
broker
.
in the annexed form, to be ad-
dress d to the broeer;r'os,
or to the Secretary, accompanied by
a receipt of the London' d Westminster hank, for a deposit
of £5 to: each share app'lT
netott
afollro,turtehai.ch will be returned, free
of charge, for all shares
N.8.--This form of applic—ai-i---
on and receipt must be pre-
To Fon SMARES.
Rented to thFeoßb3alnkoeFrsAepuptLi rfee.
(Limited).
To the Directors oi the Hudiksvai,Dlnd Forssa Steam Sawing
Mill Company
0 1 s
fhhaer e s
3, ur bankers, the London
Gentlemen,—Hsving paid to
and Westminster Bank, the sum of z
oof £5O
x 5 o hereby
each rfe
in
ue s t that you will allot to me --- _. -
the ab,ve company upon the terms
an prospectus, and I
hereby agree to accept such shares, or Y snialler number
tliat may be allotted to e, and to execute the Articles of
'ltsoCiation when reguired.
Name in full. ..........
Residence......,. ...... ............
Profession or oecupation .......... ' • • •
Address in full ........................
Date ..„,, .............. •,,,,,,,