The Sun.
London, England, 1864-07-12 00:00:00

DIRECTORS.

The Right Honourable I;nccararvagh, Army and Navy Club,
Pali-mall, S.W.
D. C. Griffith, Esq., F.R.G.S., Messrs. Griffith and Barton,
Assayers to the Bank of Englaud, and the Anglo-Mexican
Mint Company.
Louis Guilletmot, Esq., Messrs. Guilletmot and Weylandt,
Bankers, stockho m.
Edward Nixon, Esq., Ormonde-house, Bognor, Sussex, and
10, Victoria-road, Director of the General Financial
and Estate Agency Corporation, Limited.
J. Paton, Esq., Messrs. Paton and Co., Merchants, Stock-
holm.

Charles Weber, Esq, Messrs. G. Hammond and Co,, Swed sh
and Norwegian Consuls, Itamsgate and Deal.
With power t 3 add to their number.

BANKERS.
The Consolidated Bank, Limited, Fenchurch-street.
AUDITORS.
Messrs. Bennett and Gaskell, Accountants, 31, Nicholas-lane,
Lombard-street.
BROKERS.
Francis Burnand, Esq., London and County-chambers,
Lombard-street.
W. Hannam, Esq., Manchester.
SOLICITORS,
Messrs. R. and S. Mullets, 7, Poultry.
BECRETARY PRO TEM.
A. Robinson, Esq.
TEMPORARY OFFICES.
7A, Lawrence I'ountney-hill, Cannon-street, E.C.
The Company is formed for the purchase of the extensive
estates of Robertsfors and Fredricksfor , comprising about
150,0 0 acres c f freeho'd and rown lands, with large forests
and agricultural dist ricts,as also timber andiron works, ship-
bui ding yards, ,t c., and which are situated in the county of
West Botte a, in Sweden, five English miles from the harbour,
belonging to the estate, called Sikea,* in the Gulf of F othnia;
and also to extend the preset]: manufacture of iron, intro-
duce Bessemer's steel process, so as to produce on the spot,
from the lure Swedish iron ore and charcoal, a quality of
steel adapted for rails, ship-building, locomotive engine tires,
axles, shafts, and other machinery, boiler plates, armour
plates for hit s, cannons, me, tars, &c., and for all other pur-
poses where it has proved desirable to substitute Bessemer
steel for iron. It is also intended to extend the yearly pro-
duce of timber for export, to build ships, and work the other
resources of the estate in ,ucli manner as may be found most
bon, fit.; al to the interes's of the shareholders.

The Swedi It bar and pig-iron is j ustly celebrated in the vari-
ous markets of the world. At the International Exhibition
of 1852, n) less than fifteen exhibitors from Sweden received
medals for different kinds of iron and iron manufactures,
among which was part of an iron hip that had struck on a
rock, and which was entirely bent without breaking or
injaring the iron in any way, thus establishing its great
superiority for ship plates. It has been repeatedly stated in
our public journals—" The Times," " Mining J. urnal," and
other leading and se entitle organs—that we cannot as yet do
without Swedish iron.
The present proprietors have but to a small extent deve-
loped all the resources at their command, having derived an
average annual income of about .£B,ot/U sterling from the
profits obtained by employing only a moderate capital. Thus
the average yearly produce of ch,trco l bar iron has been
limited to 620 tons, at a cost price of £7 ss. per ton. Freight
hitherto paid from Sikea to England by timber vessels, 10s.
per ton ; other expenses, about is.; making a total of £7 16s.
per ton, delivered in En.4land, where the market price of such
iron now ranges from £ 2 les. to £l3 per ton—thus leaving a
nett profit of at least XI 17s. per ton. No pig iron is at pre-
sent sold from the property, and all the bar iron has of late
years been contracted for by a large firm (who are willing to
contract for more than double the quantii y) in France, where
it is considered one of the most superior qualities of Swedish
iron. and used for cutlery and other fine manufactures. One
of that firm has lately visited Sweden for the purpose of
making a contract for a series of years.
The present average produce of timber has also been
limited to about 27,000 dozen planks, which have been sold at
an average profit 4.4 2s. per dozen—leaving a nett profit of
£2,700 sterling.

It is proposed to erect at a cost of about £16,010, converting
furnaees for the production of steel by the Bessemer process,
up to 200 tons per week, according to requirements, and
as may be found desirable. The cost of steel ingots will
not exceed £2 per ton, delivered in England ; and as the
present selling price is £l5 per lon, a nett profit is left of ZS
per ton, which, with a production of 200 tons per week, would
give an annual profit of £62,400, or equal to 4li per cent. on
the capital of the first issue, on steel alone, besides what
would accrue from the other resources. Dried wood has
lately been used with great success and economy as a substi-
tute for charcoal.

There is no doubt that Bessemer steel will ultimately
supersede wrought iron in all such manufactures ; and it is
with a view to this that the Company intend to devote con-
siderable attention to its production in a locality where it can
be made from the very best materials.
i he returns may fairly be estimated as follows :
a. Net annual returns of present proprietors,
.£8,963, say
b. Profit on 20J tons of Bessemer's steelper week
at £6 per ton • .... 62,400

£71,30D
Deduct for expenses of management, & 5,300

Net .£06,000
or 44 per cent, on the first issue of capital, £150,000, without
calculating on any extension of the trade in bar and hoop
iron, timber, deals, ship-building, and produce of cast steel
for tools, &c., for which there is a ready market.
It will thus be clearly seen that the iron an 1 timber works,
with the improvements proposed by this Company, and all
the other available resources possessed by these estates, will
yield a very large and certain profit when English capital and
skill are brought to bear upon them,
There is ample water power on the estates (the Rieklea
river, which is made available for saw-mills, various machi-
neries for iron manufactures, &c., and also a flour milL
There are on the estates iron foundries, furnaces, forges
(iron and brass), workshops, stores and warehouses, dwelling-
houses for workmen, mechani s, and foremen ; offices, and
stabling for forty-five horses, and a large farming stock (in-
cluding 140 cows). At the ship-building yards there are
newly-built hones for inspectors, shipwrights, and work-
men.
The produce of timber may be considered unlimited, con-
sisting as it does of a large extent of virgin forests.
The vendors have agreed to accept £50,0:,0 for the whole of
the estates. The stock in trade as well as iron, charcoal,
in store, to be taken at a valuation according to the books,
will amount to about £20,000. As both the mines and
iron works are already in active operation, the profits will
accrue to the Company from the date of
wpurchase.
The whole of the property, mines, orks, &c., have been
carefully surveyed by an eminent engineer, Mr. Franz Hoff-
man ; and on his report his Majesty the King of Sweden has
granted permission to form a joint-stock company, and con-
firmed the valuation of the property at Rgs. D. 1,000,000
Swedish, or £55,550 sterling.
NOTE.—The proprietors offer to reserve for themselves the
th share of the flag-gar° iron mines, part of the property
proposed to be sold, at a drawback of £5,000 from the pur-
chase money of the estate, should the Company wish them
to do so. The magnetic iron ore, which can be obtained in
any quantity from these mines, is of the same quality as that
from which the famous Dannemora iron is produced. It has
been analysed by the well-known firms of 3lessrs. Johnson,
Matthey, and Co., and Messrs. Griffith and Barton, assayers,
and found to ,mntain 6ci per cent. of good pig fro-a. It is
entirely free from sulphur.
The capital of the Company has been fixed at £300,000, in
15,0 0 shares of £m each. It is not propos:A to include more
than £150,000 in the first issue, as after paying the purchase
money for the property and stock, and th ; cost of erecting
the Bessemer furnaces and payin; all preliminary expenses,
about £OO,OOO will be left as a ;corking capital. to be called
p as it may be required, unti the Company shall consider it
desirala!e to further extend their operationa,
The ar,icles of asso:dation, with plans of the estates and
samples, may be inspected at the Offices of the Company,
where also all the details respecting the properties may be
had on application.
f Prospectuses and forms of application may be obtained of
he bankers, brokers, and at the Offices of the Company.
• This harbour is capable of accommodating* the largest
vessels--being one of the beat in the north of Sweden, el,,se
to the open sea, and sheltered from winds, so that ships can
load and discharge in all weathers. During the Russian war
many large English men-of-war were accommodated in this
harbour.
to the prop=
ietorsessels. entering the harbour pay a small port duty

NEV PATENT CURTAIN HOOK that
requires no sewing, and, if reversed, can be used for
many purposes. T.,0 be had of all shops in town or country.
Patentees, W. TENT and Co., 23, Birehin-lane, London, E.C.

TEETH,—Mr. ESKELL'S INVENTION in
the construction of ARTIFICIAL TEETH has the
following advantages :—A set of teeth, of excellent work-
manship and mechanism, can be made and fitted with the
most perfect accuracy and success, in a few hours, without
pain or extraction of stumps, and to answer all the purposes
of mastication and articulation. They are fitted without
wires or tastenings, and adapt themselves so perfectly to the
gums, that they are quite immoveable, except at the eption
of the wearer. Invalids or residents in the country, can ad-
just these teeth to many changes of the mouth without the
aid of a dentist. They are not so liable to iTo
--Ary, are always
useful, and will last a lifetime. Comfort guaranteed. Trea-
tise explaining Mr. Eskell's patent, &c., free for 7 stamps.
Inspection of specimens and consultations tree.-B,Grosvenor-
street, Bond-street, W,; and at 39, Bennett's-11A Bit.
wham.