The Sun.
London, England, 1864-04-29 00:00:00

TUE 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-BUILDING COM-
PANY.
Capital L 1,000,000, in 20,000 shares of VO each, of which
11,0 0 have been already subsaibed.
Deposit on application £1 per share, and £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 Shales.
DIRECTORS.
E. W. Watkin, Esq., Director of the Creat Western Railway
Company, and President of the Grand Trunk Railway
Company of Canada, Chat man.
D. J. Bacca, Esq. (Yana, Cremedi, and Co.), Great Winches-
ter-street.
E. H. D'Avigdor, Esq., 5, Upper Harley-street.
captain Beath, C. 8., Austin Grange. Dorkinfr.
John Lumsden, Esq., Msyor of Huti (Browniow, Lumsden,
and Co.), Shipowners, Hull.
Capt. J. H. Marryat, (Joseph Marryat and Sons, Lawrence
l'ountney- 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. IL Moss, Esq., Alderman, Hull.
Christopher Simpson, Esq., Director of the Hull Dock Com-
p ny, Hull.
NV. H. Smith, Esq. •(Smith, Barry, and Co.), Leadenhall-
street.
Esq. (Ju ins H. Thompson and Co.,
Julius H. Thompson,
Shipowners), Lead,nhall-street.
MANAGING DIRECTOR, HULL.
Martin Samuelson, Esq., M.I.C.E.
CONSULTING ENGINEER.
George Hinton i]ovtll, Esq , Duke-street, Westminster.
CONSULTING MARINE ENGINEER.
Charles Atherton, Esq., Whit hall. late chief engineer at
Royal Dockyard, Woolwich.
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.
Mews. Robins and Barber, Threadneedle-street.
TEMPORARY OFFICES.
At the Offices of the Mercantile Credit Association, Limited,
21, Threadneedle-street;
And the Credit hfobiller, Limited, 80, Lombard-street.
SECRETARY (PRO TEM.)
Arthur Dossor, Esq.

The Company has been formed for purchasing and ex-
tending the well-known iron ship-building establishment of
Mess. Martin Samuelson and Co., of Hull. The capabilities
Messrs.
of then works are unsurpassed by any in the kingdom—they
occupy 11 acres of ground. with water frontage to the river
Humber and river Hull, having a depth of water of 30 feet.
The present iron bhip-building power of the establishment
is equal to the construction of 20,003 tons per annum, at
which rate the works are now being carried on. Messrs
ex-
.
Samuelson and Comp an have orders on hand for ships
y
seeding 20,000 tons ; other large orders are offered, and
yard,
it is
proposed to take 11 acres of land adjoining the present
secured,
and which Messrs. Samuelson and CompanY a
so as to extend the works to meet the large daily increasing
profitable demand for ships, and to erect rolling mills for theas
manufacture of the iron required for ship building, as well
for all kinds of railway and engineering works.
In addition to the engineering works, foundry, and ship-
buildikg yards, there is a patent slip for repairing ships of
the largest class. This is a highly profitable part of the busi-
ness. The demand for the use of this patent slip has been
such that it has never been unemployed since Meble cost ssrs. Samuel
some
-
six and Company constructed it at a considera
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; coal is cheap, railways run into the works,
and connect them with all parts of England. Freights are
Hull offers advantages for thurchaselarge 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.
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-30 per cent. off the capabilities of the
wore s, the trade will, with the judicious management and
employment of the capital, rurn a dividend of 20 per cent.
and upwards to the shareholders, and if the works continue
to be fully employed, a much larger amount.
Tha to me of urchase are highly d
avantageous ; the plant
and machinery, buildings, freehold and leasehold premises,
together with al the stock of materials, are to la: taken at
the valuation of two engineers, one named by the Company
and the other by ihe 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 I. Should a less number of :glares be al otted
than is app tied for, the deposit will be made available toward s
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 ny, 21,
Threadneedle-street, and 80, Lombard-street, and of the
Brokers and Solicitors.
April, 1864.

FORD' OF APPLICATION FOR SHARES.
To be retained by the Banker&

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

Gentlemen,
naving paid to your bankers,
Shy being a deposit of Li par Share on
es 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 Alotment, and 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

, the sum

Name in-fut:
Residenee
Profession
Date .. .April, 1864