The Sun.
London, England, 1864-04-28 00:00:00

THE HUMBER IRON-WORKS and SHIP.
BUILDING COMPANY (Limited).
Incorporated under the Companies Act, 1862.
THE MERCANTILE CREDIT ASSOCIATION, LIMITED,
AND THE CREDIT MOBILIER, LIMITED,
Are prepared to receive applications for the capital of THE
HUMBER IRON-WORKS ant SHIP-BUIL uING COM-
PANY.
Capital £1,000,1,00, in 20,000 shares of V.:O each, of which
10,0 0 have been already subs ribed.
Deposit on application £1 per share, and Z 4 on allotment.
No future call to exceed £5 per share, and at intervals of
not less than three months.
It is not contemplated to call up more than £l2 10.. per
share ; any further capital that may be required will be
raised by the i sue of new shares, a preference being given
to the holders of existing Shares.
DIRECTORS.
E. W. Watkin, Esq., Director of the Great Western Railway
Company, and President of the Grand Trunk Railway
Company of Canada, Chairman.
D. J. Bacca, Esq. (Pans, Cremedi, and Co.), Great Winches-
ter-street.
E. H. D'Avigdor, Esq., 5, Upper Harley-street.
Captain Heath, C. 8., Austin Grange, Dorking.
John Lumsden, Esq., bLiyor of Hull (Brownlow, Lumsden,
and Co.), Shipowners H
ull.
Joseph Marryat and Sons), Lawrence
Capt. J. H. Marryat, (
rountney- ane.
W. L. Merry, Esq., Director of the Mercantile and Exchange
Bank, Limited.
J. Morrish, Esq., Director of the Metropolitan and Provincial
Bank, Limited.
W. H. Moss, Esq., Alderman, Hull.
Christopher Simpson, Esq., Director of the Hull Dock Corn-
y my, Hull.
W. H. Smith, 'Esq. (Smith, Barry, and Co.), Leadenhall-
street.
Julius H. Thompson, Esq. (Julus H. Thompson and Co.,
Shipowners), Leadenhall-street.
MANAGING DIRECTOR, HULL.
Martin Samuelson, Esq., M.I.C.E.
CONSULTING ENGINEER.
George Hinton itovill, Esq , Duke-street, re estminster.
CONSULTING MARINE ENGINEER.
Charles Atherton, Esq., Whit halL I.ate chief engineer at
Royal Dockyard, W oolwich.

BANSF:ds.
Bank of London.
Metropolitan and Provlr.iclal Bank, Limited.
Mercantile and Exche,nge Bank, Limited, London, Liver-
pool, and Glasgr,,,,.
Messrs. Samuel S Anith Brothers and Co., Hull.
SOLICITORS;
Messrs, Edwards and 'Ol, Westminster.

nnr,KERs,
Me3srs, Rob:ns and Uarba, Threadneedle-street.

TEWZORARY OFFICES.
At the Offices of the Uer can tile Credit Association, Limited,
2f, Threadneedle-street;
And the Credit hlobilier, Limited, 60, Lombard-street.
SECRETARY (FRO TEM.)
Arthur Dossor, Esq.

The Company has. been formed for purchasing and ex-
tending the well-known iron ship-building establishment of
Messrs. Martin 'Samuelson and Co., of HulL The capabilities
of these works are unsurpassed by any in the kingdom—they
occupy 11 acres of ground, with water frontage to the river
/lumber and river Hull, having a depth of water of 30 feet.
The TiTi.,sent iron chip-building power of the establishment
is equa, to the construction of 20,00) tons per annum, at
which rate
ls the works are now being carried on. Me
ips ssrs.
Saardeon and Company have orders on hand for shex-
ceeAing 20,000 tons ; other large orders are offered, and it is
proposed to take 11 acres of land adjoining the present yaed,
rd,
and which Messrs. Samuelson and Company iiave secur
so as to extend the works to meet the large daily increasing
profitable demand tor ships, and to erect rollin4:c mills for the
manufacture of the iron required for ship builaing,
for all kinds of railway and engineering works. as well as
In addition to the engineering works, foundry, and ship-
building yards, there is a patent slip for repairing ships of
the largest class. This is a highly ,-,,rofitable part of the busi-
ness. The demand for the use of this patent slip has been
such that it has never been unemployed since Messrs. Samuel-
s,n and Company construct:A it at a considerable cost some
years ago.
The situation of this "establishment gives it special advan-
tages over others of a tike character. The pri e of ship-build-
ing labour is lower at Hull than in any of the iron ship-
building ports of ;;he kingdom; it is in the great iron district
of Yorkshire; r.,010 is cheap, railways run into theghts works,
andvery connect *:hem with all parts of England. Frei are
offers ad
from Hull, and the large timber trade of
Hull offers advantages for the purchase of the timber, which
is used in large quantities, on highly advantageous con-
ditions.
all
Two thousand workmen are now employed at the works.
The present orders in hand for ships, eng ,and general
engineering work amount to above L300,.00, at very
nerative prices.
Reports made by some of the most eminent engineers who
have examined the works, and who are specially acquainted
with this branch of manufacture, show that after making
large allowances-3) per cent. off the capabilities
nt of
the
e
wor as, the trade will, with the judicious manageme
employment of the capital, ref urn a dividend of 20 per cent.
and upwards to the shareholders, and II the works Continue
to be fully employed, a much larger amount.
Tha to ms of urchase are highly advantageous ; the plant
and machinery, buildings, freehold and leasehold premises,
together with al the stock of materials, are to bo taken at
the valuation of two engineers, one named by the Company
and the other by the vendors, with an umpire in the usual
way. The goodwill of the business, including the profit
on works in hand, is to be paid for at one year's pur-
chase of the net profits, but on an average of three years'
working.
In the event of no allotment being made. the deposits will
be returned in fu 1. Should a less number of shares be al otted
than is app ied for, the deposit will be made available towards
the paym nt on allotment, and the balance, if any, returned
to the applicant.
Prospectuses and Forms of Application for Shares may be
obtained at the Temporary Offices of the Comp iny, 21,
Threaneedle-street, and 8), Lombard-street, and of the
Brokers and SOlicitors.
nril, 1861.

April, .
FORK OF APPLICATION FOR SHARES.
To be retained by the Bankers.

No. --
To the Directors of the Humber Iron-works and Ship-build-
ing Company (Limited).

Gentlemen,
Having paid to your bankers,
of X , being a deposit of X 1 per Share on
Shares in the above C'ompanv„ I hereby request that you will
allot me that number, and. I agree to accept such Shares, or
aoy less number you may allot to me; and I agree to p y the
deposit on alotment, rAnd to sign the Articles of AssOCiation
of' the Company when required, and I authorise you to insert
my name on the Register of Members for the number of
Shares allotted to me.
Usual signature
Name in full
Residence ...................
Profession
Date . •

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