The Sun.
London, England, 1864-01-16 00:00:00

PROSPECTUS.

The increase in the Mediterranean trade during the last
ten years. as shown by the official returns, amounts to
£23,000,000, to which the Italian, Greek, and Adriatic ports
have very largely contributed. In order to meet this increase
of trade, more steam tonnage from London has become a
matter of urgent necessity, the preference by merchants for
steam over sailing conveyance for their goods being such,
that the Directors have no hesitation in stating that nearly
the whole trade to and from the Mediterranean will shortly
be earried by screw steamers. It is calculated that at least
100,000 tons of fine g-ooda are annually exported from London
to Italy and Greece, while upwards of 200,000 tons are an-
nually imported.
_

The Directors, in resolvinE to establish this Compiny, are
further encouraged by the facts—that two lines of screw
steamers have for some years been engaged with most suc-
cessful results in the trade between Liverpool and the Itali.n
ports—that the leading merchants in London, interested in
the Italian trade, have constantly urged the organisation of
the lines now proposed; and many of the merchants in Italy
and Greece, in order to show their confidence in the success
of the enterprise, have offered to contribute towards the
capital required, and otherwise to support the Company in
every possible way.
The objects, therefore, of this Company are the establish-
ment—

Ist. 01 a line of Screw Steamers between London and the
ports of Genoa, Leghorn, Naples, Messina, and Palermo, to
sail with undeviating regularity at intervals of not leas than
ten days ; and
2d. ()f lines suited to the requirements of the trade between
London, Greek, Adriatic, and other ports in the Mediter-
ranean.

In order that the operations of the Company may be com-
menced without delay, the Directors have provisionally en-
tered into an arrangement with the Directors of an existing
line to take over their four new steamers, viz., the Alexandra,
Clotilda, Italia, and Venetia, and valuable connexion in the
Italian trade, by which the shareholders w.ll enter Imme-
diately into a profitable business ; the price to be agreed upon
by arbitration, and to be accepted in shares of t!Ae Company.
These steamers have been expressly built for the trade. are
of COO tons builders' measurement, and the engines of 120-
horse power, are by Messrs. Maudslay, Son, and Field. Or-
ders will be at once given for the construction of the neces-
sary additional steamers.
Calls will not exceed £5 per share, nor will they be made at
less intervals than three months. To the extent of £2.5 per
share Shareholders will be entitled to anticipate future calls,
receiving interest on such pre-payments at the rate of 5 per
cent. per annum.
Should no allotment take place, the whole deposit will be
returned free o;' deduction.
No promotion money or other outlay beyond the necessary
expenses incurred in the formation and establishment of the
Company will be paid.
A copy of the Articles of Asseciation lies for inspection at
the Solicitor's Offices and at the Offices of the Company.
Application for shares to be made in the annexed form, and
forwarded to the Secretary, at tile Company's Offices, or to
the Brokers or Bankers of the Company.

FORM OF APPLICATION FOR SHARES.
ITo be retained by the Bankers.
To the Directors of the London, Italian, and Adriat:c Steam
Navigation Company (Limited).
Gentlemen,—Having paid to the Bankers of the above-
named Company the sum of £ , I hereby request that
you will allot me shares in the said Company, and I
agree to accept such shares, or any smaller number that may
be allotted to me, and to become a member of the Company,
and I autho: i'e you to place my name on the Register of
Members in respect of the shares to be alloted to me ; and I
agree to be bound by all the conditions and regulations con-
tained in the Memorandum and Articles of Association of lie
Company, in manner provided by " The Companies' Act,
15.4v2. "
Dated this day of
Name
Business or Profession
Place of Business
Addreq

,186 t,