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

T LIE HUMBER IRON-WORKS and SHIP.
BUILDING COMPANY (Limited..
Incorporated under the Companies Act, 1582.
THE MERCANTILE CREDIT ASSOCIATION, LIMITED,
AND THE CREDIT MOBILIER, LIMITED,
Are prepared to receive applications for the capital of THE
HUMBER IRON-WORKS an SHIP-BUILDING COM-
PANY.
Capital £!,000,r00, in 21,00 shares of :CO each, of which
ic,o 0 have been already subs..ribed.
Deposit on application £1 per share, and £4 on allotment.
No future call to ,;,xceed £5 per share, and at intervals of
not less than three months.
It is not contelnpleed to call up more than £l2 10.. per
share ; any, further capital that may be required will be
raise 1 by the i sue of new shares, a preference being given
to the holders of exbtin,g Shales.
DIRECTORS.
E. W. Watkin, Esq., Director of the Great Western Railway
Company, and President of the Grand Trunk Railway
Com,,any of Canada, Chai man.
D. J. Bacca, Esq. (Dana, Cremedi, and Co.), Great WinLlies-
ter-street.
E. H. D'Avigdor, Esq., 5, Upper Ilarley-s'reet.
Captain Heath, C. 8., Austin Grange, Dorking*.
John Lunniclen, Esq., 111,,y0r ol Hull (Brownlow, Lumsden,
and Co.), Shipowners, Bull.
Capt. J. H. Marryat, (Joseph Marryat and Sons., Lawrence
vountney- ane.
W. L. Merry, Esq., Director of the Mercantile and Exchange
Ba,-A, Limited.
J. ;,dorrish, Esq., Director of the Metropolitan and Provincial
Bank, Limited.
W. H. Moss, Esq., Alderman, Hull.
Christopher Simpson, Esq., Director of the Hull Doc Corn-
‘ny, Hull.
W. 11. Smith, EFq. (S.: and Co.), Leadenhall-
initb, Barry,
street.
Julius H. Thompson, Esq. (Ju ins H. Thompson and Co.,
Shipowners), Leadenhall-street.
MANAGING DIRECTOR, HULL.
Martin Samuelson, Esq., M.I.C.E.
CONSULTING ENGINEER.
eorge Hinton Hovill, Esq , Duke-street, Westminster.
CONSULTING MARINE ENGINEER.
Charles Atherton, Esq., Whit3hall. 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 C 0,,, }ha
SOLICITORS.
Messrs. Edwards and Cr, Westminster.
Bitr.,KEßs.
!Scars. Rob:ns Barber, Threadneedle-street.
T:A:IIPORARY OFFICES.
At the Offices of 'the Mercantile Credit Association, Limited,
21, Threadneedle-street:
And OK; Credit Mobilier, 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 establishmil ent
of
Mesas. Martin samuelson and Co., of Hull. T
kihe capabilities
of these works are unsurpassed by any in the ngdopm— they
occupy 11 acres of ground ge to the river
, with water fronta
Humber and river Hull, having a depth of water of 30 feet.
The present iron chip-building power of the establishment
is equal to the construction of 20,00 tons p
on per ann
Mum. at
which rate the works are now being carried . essrs.
Samuelson and Company have orders on hand for ships ex-
ceeding 20,00 , tons ; other large orders are offed present yi and t is
proposed to take 11 acres of land adjoining therd,
and which Messrs. Samuelson and Company ave secured,
so as to extend the works to meet the large daily increasing
profitable demand tor ships, and to erect rolling mills for the
manufacture of the iron required for ship builuing, as well as
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 repairing ships of
the largest class. This is a highly profitable part o, the busi-
ness. Temand for the use of tis patent sli has been
such that
ithas never been unemployehd 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 eh-erecter. The pri eof ship-build-
ing labour is lower at Hull th an in any of the iron ship-
building ports of the kingdom; it is in the great iron district
of Yorkshire ; coat fah heap, rail w ays run into the works,
and Conn
them with all parts of England. Freights are
very moderate from Hull, and the large timber,tade of
Hull offers advantages for the purchase of the 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,(00, 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 atter making
large allowances-33 per cent. off the capabilities of the
work s, the trade will, with the judicious management and
employment of the capital, return 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 ms of urchase are high!), advantageous ; the plant
and machinery, building's, freehold and leasehold premises,
together with al thi. stock of materials, are to b: 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 'polite, but on an average of three years'
working.
In the event of no allotment being made, the deposits will
be returned in fu L Should a less number of shares be al' ott ed
than is app !led for, the deposit will be made ailable toward s
the paym nt on allotment, and the balance available towards
the paym nt omi 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,
Lombard-street, and oi the
Threadneedle-street, and 8),
Brokers and solicitors.
April, 18f4.
FORM 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,
'T avl n g paid to your bankers, , the sum
of J., , being; a deposit of £1 per Share on
Shares lei --liovP Compaiv- ..''' -eby request that you will
allot me that
yo._, „,,a I agrf
any less number you may allot tin. eto; accept such Shares, or
and I agree to p
.y the
deposit on , llotment, and to i
the Articles of Association
of the Company whe :ii
n maul;
. u, and I authorise you to insert
my name on the Regir
-e roof Members for the number of
Shares allotted to me.
Usual signature ....................
Name in futl • . •
Residence „.••
Profession
Date ......... ..... --April, 1864