The Sun.
London, England, 1864-04-30 00:00:00

BANKERS.

Bank of London.
Metropolitan and Provincial Bank, Limited.
Mercantile and Exchange Bank, Limited, London, Liver-
pool, and Glasgow.
Messrs. Samuel Smith Brothers and Co., Hull.
SOLICITORS.
Messrs. Edwards and Co., Westminster.
BROKERS.
Mears. Robins and Barber, Threadneedle-street.
TEMPORARY OFFICES.
At the Offices of the Mercantile Credit Association, Limited,
2i, Threadneedle-street;
And the Credit flobilier, Limited, bO, Lombard-street.
SECRETARY (PRO TEM )
Arthur Dosser, Esq.

The Company has been formed for purchasing and ex-
tending the well-known iron ship-building- establishment of
Mewls. Martin Samuelson and Co., of Hull.
the T
king,dohe capabilities
of these works are unsurpassed by any in
occupy 11 acres of ground, with water frontage to the river
HuTmheb er and river Hull having a-depth of water of 30 feet.
present iron rhip-building, w
power of the establishment
is equal to the construction of 20,00 J tons per annum, at
which rate the works are now being carried on. Messrs.
Samuelson and Company have orders on hand for ships ex-
ceeding 20,00 J tons ; other large orders are offered, and it is
proposed to take 11 acres of land adjoining the present yard,
and which Messrs. Samuelson and Company [nye secured,
so as to extend the works to meet the large daily increasing
profitable demand for ships, and to erect rolling millscrfor thas
e
manufacture of the iron required for ship builcin,g, as well
for all kinds of railway and engineering works.
In addition to the engineering' works, foundry, and ship-
building yards, there is a patent slip for repairincr ships of
the largest class. This is a highly profitable part orthebusi-
de
ness. The mand for the use of this atent sli has been
such that it has never been unemployed since Messrs. Samuel-
son and Company constructed it at a considerable cost some
years ago.
The situation of this establishment gives it special advan-
tages over others of a like character. The pri e of ship-build-
ing. labour is lower at Hull than in any of the iron ship-
building ports of the kingdom; it is in the great iron district
of Yorkshire; is cheap, railways run into the ,
and connect thecomal with all parts of England. Freightsworks are
Huy moderate 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.
Two thousand workmen are now employed at the works.
The present orders in hand for ships, engines, and general
engineering work amount to above £300,C00, all at very remu-
nerative prices.
some of the most eminent engineers who
Reports made by
with examined the works, and who
share specially acquainted
ch this bran of manufacture, ow that after making
large allowances-39 per cent. off the capabilities of the
worts, the trade will, with the judicious management and
employment of the capital, return a dividend of 20 per cent.
and upwards to the snareholders, and if the works continue
to be fully employed, a much larger amount.
Tha teims of ; urchase are highly advantageous 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 info 1. Should a less number of shares be al'otted
than is apped fli all the deposit will be made available towards
the paym nt on otment, and the balance, if any, returned
to the applicant.
Prospectuses and Forms of Aplication for Shares may be
obtained at the Temporary Offices of the Company, 21,
Threadneedle-street, and 80, Lombard-street, and of the
Brokers and Solicitors.
April, 1861.

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

No. -
To the Directors of the H
mpany (Lin-works and Ship-build-
i Co.

Gentlemen,
Villg paid to your bankers,
of £ , being a deposit of £1 per Share on
Shares in the above Company, I hereby request that you will
allot me that number, and I agree to accept such Shares, or
any less number you may allot to me; and I agree to p y the
deposit on llotment, and to sign the Articles of Association
of the Company when require and I authorise you to insert
my name on the Register ofd, Members tor the number of
Shares allotted to me.

, the sum

Usual signature
Name in full
Rest it nee
Profession
Date

...April, 1864.