The Sun.
London, England, 1864-07-11 00:00:00

DIRECTORS.

The Right Honourablel:Oidedivagh, 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 An,glo-Hexican
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, Ramsgate and Deal.
With power to add to their number.
BANKERS.
The Consolidated Bank, Limited, Fenohuroh-street.
AUDITORS.

Messrs. Bennett and Gasiefi,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. Muliens, 7, Poultry.
SECRETARY PRO TEM.
A. Robinson, Esq.
TEMPORARY OPPIbES.
7A, Lawrence Pountney-hill, Cannon-street, E.C.
The Company is formed for the purchase of the extensive
estates of Robertsfors and Fredriokefor comprising about
150,0 0 acres of freehold and crown lands, with large forests
and agricultural dtstriets,as also timber andiron works, ship-
bui ding yards, &0., and which are situated in the county of
West Botten, in Sweden, five English miles from the harbour,
belonging to the estate, called Shwa,* ioethe Gulf of Pothole;
and also to extend the presen manufacture of iron, intro-
duce Bessemer's steel process, so as to produce on the spot,
from the pure 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 hies, cannons, mortars, 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 such manner as may be found most
boneficial to the interests of the shareholders.
The Bwedi h bar and pig iron is j ustly celebrated in the vari-
ous markets of the world. At the International Exhibition
of 1862, no less than fifteen exhibitors from Sweden received
medals for different kinds of iron and iron manufactures,
among which was part of an iron ship 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 Journal," 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 resou
vNis at their command, having derived an
average annual income of about £B,OOO sterling from the
profits obtained by
g
the a-
- • ye employing only a moderate capital. Thus
li
_.
eerae arly p rodu of charm .1 bar iron been
.sited to 620 tons, at a cost price of £7 ss. per ton. has
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, sleliVered in England, where the market price of such
iron now ranges from£i2 lOB. to £l3 per ton—thus leaving a
nett profit of at least L 4 17e. 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 quantil 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 eif 2s. tper dozen —leaving a nett profit of
£2,700 sterling.
It is proposed to erect at a cost of about £16,000, converting
furnaces 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 £9 per ton, delivered in England ; and as the
present selling price is £l5 per ion, a nett profit is left of £6
per ton, which, with a production of 200 tons per week, would
give an annual profit of £62,400, or equal to 41b 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.
he returns may fairly be estimated as follows:—
a. Net animal returns of present proprietors,
.£8,963, say
b. Profit on 200 tons of Bessemer's steelper week
at £6 per t0n.... 62,400

Z 71,300
5,300