The Sun.
London, England, 1863-07-10 00:00:00

DIRECTORS.

The Lord Holmesdale, M.P., Linton Park, Staplehurst, Kent.
William Blewitt, Esq. (firm of Messrs. Turner, Blewitt, and

Co.), Blackwall.
Edward Hales, Esq., Msnadng Director (late of the firm of
Messrs. H. a d J. Johnston and lo ), North Frith, Tun-

bridge, Kent.
Walker Joy, Esq. (firm of Messrs. Edward Joy and Sons),

Leeds.
James LaminA., Esq., Director of the London and County
Bank. Birchington Hall. Is,e of ThAnet.
S. Teulon, Esq., Director of the South-Eastern Railway
Come any.
W. Curteis Whelan, Fsq., Herondon Hall, Tenterden, Kent.
T. S. Womersley. Esq. (firm of Messrs. Womersley and Burt),
Et. Michael's House, Cornhill, London.

SOLICITORS.
Messrs. Thomas and HoMans, ommeraal• chambers,
Mincmg-lane.
BROKERS.
Messrs. Huggins and Howsell, No. 1, Threadneedle-street.
AUDITORS.
lessrs. Cooper Brothers and Co., 13, George-street, Mansion
House.
BANKERS.
The London and County Bank, Lombard-street.
SECRETARY pro tem.—Mr. John Hoo er.
Temporary Offices-25, Birchin-lane, E.C.
• •

. -
This Company is form-d for the purpose o carrying on
upon an extensive scale the business of oil-seed crushing,
which has ranked fos many years amongst the most profitable
of our manufactures.
The importance of this trade and the certainty of its future
development to a much larger magnitude, are manifest from
the great increase that has taken place in the consumption of
vegeta le oils, both in England and upon the Continent, as
shown by the amount of our imports of oil-seeds, which have
risen since 1817 from 487,035 quarters, to an annual average,
during the last three years, of ,401,6 3 quarters ; whilst th
annual export of seed oils to the Continent has grown up,
during the past five years, from 16.210 to 3 ,(00 tons.
The consum tion of oil-seed cake has aovanced in a still
g, eater ratio, the import of foreign descriptions having kept
pace with the extra supply from our home manufactures,
thus establishing the impor ant fact that oil cake is an article
of permanent and increasingly extensive demand ; and there
is every reason to expect that England must become more
and more a grazing country, owing to the high price of meat,
and the disadvantage of competing in the growth of corn
with countries more favoured by nature for this purpose.
This statement is made without refe,, nee to cotton-sect,
which has increased in supply during the last few years mere
than tenfold; and although an article but recently applied to
oil-producing and fats ening purposes, the profits arising from
its manufacture have been highly satisfactory.
In order to commence operations at an early date, the Di-
rectors have entered into a provisional contract for the_ pur-
chase of the Seed-crushing Mills situated at Dover, in Kent,
which have lately been refitted with machinery upon the
most approved principles. The price fixed for these mills is
at the valuation of Messrs. Fuller and Horsey (the eminent
valuers of this description of grope ty), who in their report
say ;—" We have no hesitation in expressing our opinion that
tor tge purp Fes for which the mills wsre erected they are
without a rival, both as to the substantial character and ar-
rangements otr the buildings, and also as to the machinery,
the whole of wh ch (or nearly so) may be said to have been
renewed within the last year, and all the ap liances thatmo-
dern salence and practice experience have suggested up to
the present time for eminomical working with large results
have been introduced in a most perfect manner."
The ltuat,on of these mills, contiguous to the Harbour of
Dover, and having the command of two railways, one of which
loads at the doors, haves noshing to be 'Desired either as re-
gards facilities for foreign imports, or the distribution of
their manufacture throughout the kingdom. The cheap and
rapid means of communication between Dover and the rail-
ays of France and Belgium, also enable them in a peculiar
way to derive benefit from the export of seed oils to the con-
tinental cities.
Although the productive power of the Dover Mills is un-
equalled by any eimilar manufactory in the country, there are
ample facilities for greatly enlarging it at an inconsiderable
cost. In the meantime, it is estimated that £BO,OOO only will
be required for the purchase of and working this property as
it now stands.
By this purchase the Directors will be enabled to avoid the
usual delay necessary for building, erection of machinery, &c.,
as the mills are now in full work ; and from carefully made
estimates, and the practical experience of a portion of the
Board, coupled with the fact that Mr. Edward Hales has con-
sented to undertake the management of the business, the
Directors anticipate with confidence a profit of at least 10 per
cent. upon the capital invested.
Early possession of the property will be given, and opera-
tions can be commenced without delay, so that there is no
reason to doubt that a dividend, from earniegs, will be pay-
able within twelve months.
The preliminary expenses of the Company will be stric' ly
confined to the actual outlay. All applications for shares
must be accompanied by a deposit of £1 per share, and a fur-
ther sum of £1 10s. per share will be requited upon allot-
ment.
Should no allotment be made, the deposit will be returned
in full.
Prospectuses with forms of application may be ha's at the
Bankers and Brokers of the Company, and at the temporary
offices.

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