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

THE ROBERTSFORS IRON WORKS
COMPANY, Limited.
To be Incorporated under the " Companies Act, 1862," by
which the Liability of Shareholders is limited to the
amount of their Shares.

Capital, £300,000, in 15,000 Shares of £2O each.

Deposit, los. per Share on Application, and £2 on Allotment.

First Issue, 7,500 Shares.

No call will exceed £2 10s. per Share, at intervals of not less
than three months.

No promotion money will be paid, and the preliminary
expenses will be confined strictly to the proper charges
only.

DIRECTORS.

The Right Honourable Lord Garvagh, 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, Ramsgate and Deal.
With power to add to their number.
BANKERS.
The Consolidated Bank, Limited, Fenchurch-street.
AUDITORS.

Messrs. Bennett and Gasiell,AcCOntants, 3!, Nicholas-lane,
Lombard-street.

BROKERS.

Francis Burnand, Esq.: London and County-chambers,
Lombard-street.
W. Hannam, Esq., Manchester.
SOLICITORS.
Messrs. R. and S. Mu'leas, 7, Poultry.
SECRETARY PRO TEM.
A. Robinson, Esq.
TEMPORARY OFFICES.
7A, Lawrence Pountney-hill, Cannon-street, E.C.

The Company is formed for the purchase of the extensive
estates of Robertsfors and Fredricksfon, comprising about
150,0 0 acres of freehold and crown lands, with large forests
and agricultural districts,as also timber andiron works, ship-
bui' ding yards, &c., and which are situated in the county of
West Botteo, in Sweden, five English miles from the harbour,
belonging to the estate, called Sieea,* in the Gulf of Lothnia;
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 ships, cannons, mo-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 such manner as may be found most
ben: fie,al to the inferes's of the shareholders.

The Swedi 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 way part of an iron -hip that had btruck on a
rock, and which was entirely bent without breaking or
injuring 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 Jeurnal," and
other leading and sc entific 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,OOO sterling from the
profits obtained by employing only a moderate capital. Thus
the average yearly prbouce of charco 1 bar iron has been
limited to 620 tons, at a cost price of £7 ss. per ton. Freight
hitherto paid from Sikes to England by timber vessels. 10s.
per ton ; other expenses, about 15.; making a total of £7 16s.
per ton, delivered in En eland, where the market price of such
iron now ranges from 2 les. to £l3 per ton—thus leaving a
nett profit of at least £1 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 quanti y) in France, where
it is considered one of the most Nuperior 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 of 2s. per dozen—leaving a nett profit of
£2,700 sterling.
It is proposed to erect at a cost of about £16,0C 0, converting
furnaces for the production of steel by the Bessemer process,
up to 200 tons per week, according to requirements, and
as msy 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 i on, 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 41 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 fbr 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.
'1 he returns may fairly be estimated as follows :
a. Net anuual returns of present proprietors,
.£8,933, say
b. Profit. on 203 tons of Bessemer's steel per week
at £6 per ton ...

£71,30)
Deduct for expenses of management, &c. 5,300

Net £66,000
or 41 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 and 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 hou ea for inspectors, shipwrights, and work-
men.
The produce of timber may be considerel 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, &c.,
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 purchase.
The whole of the property, mines, works, &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
ftth share of the Raggaro 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 Messrs. Johnson,
Matthey, and Co., and Messrs. Griffith and Barton, assayers,
and found to contain 6n per cent. of good pig iron. It is
entirely free from sulphur.
The capital of the Company has been fixed at £300,000, in
15,0 0 shares of £2O each. It is not proposed to include more
than £150,0n0 in the first issue, as after paying the purchase
money for the property and stock, and the cost of erecting
the Bessemer furnaces and paying all preliminary expenses,
about £60,000 will be left as a working capital. to be called
up as it may be required, until the Company shall consider it
destra to further extend their orations,
The a b:re .icles of association, with plans ot 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.
Prospectuses and forms of application may be obtained of
bheainrbgoounreisoctahpeabiWfin
the bankers, brokers, and at the Offices of the Company.
atechrin
morotdhaotifnsgwtehdeenl,aregic,sset
to the open sea, and sheltered from winds, so that ships can
load and discharge in all weathers. Darin
vessels—being
During the Russian war
many large English men-of-war were accommodated in this
harbour.
to the proprietors. Vessels entering the harbour pay a small port duty