The Sun.
London, England, 1864-08-02 00:00:00

The Graving Docks are freehold, with a frontage to the
River Thames. The Docks are constructed to receive ships
and steamers of 2,500 tons, and are provided with all the ne-
cessary workshops and accessories for first-class Dry Docks,
so as to enable them to keep up the high character they have
ever possessed ; the Company will, therefore, have at com-
mand the means of economically and promptly keeping their
ships in efficient order; by so doing a greatsaving is effected,
which forms a considerable item of profit. . .. . .

When free from use by the Company's vessels, it is in-
tended that the Graving Dock shall, as hitherto, be em-
ployed in the repair of other vessels ; andhaving in view the
very limited Dry Dock accommodatim in the Thames, com-
pared with the extent of tonnage that frequents the Port of
London, and the constaat and pressing demand for docks of
this magnitude, it is confidently anticipated that this branch
of the Company's operations will con ,inue to yield its very
large revenue, while the property will be found yearly in-
creasing in value.
The terms upon which the whole of the fleet of Vessels,
Graving Docks and Plant, are to be taken by the Company
are most fair and liberal, an d in perfect harmony with the
high reputation of the Vendors, they having agreed to the
whole being taken at a valuation, to be made by four compe-
tent Surveyors, two of which will be nominated by Messrs.
Somes Brothers and two by the Company, with an umpire in
the usual way. The goodwill has been fixed at a very mode-
rate price, and which will include all the accruing freights on
the ships, work in the yards, &c.
By this arrangement the Company confidently anticipate
that they will be in a position to declare large dividends, so
that the Directors feel that applicants, instead of applying
for shares in a new undertaking, will rather be admitted as
partners in one of the oldest, most lucrative, and valuable
concerns in London, and which has the immense advantage
of being in full operation.
Messrs. Somes Brothers have both taken seats at the
Board, thereby securing to the Company their great practi-
cal experience and influence ; they have further shown Their
confidence in the undertaking by subscribing £lOO,OOO of the
capital.
The able and active staff of officials will remain in the em-
ploy of the Company, so that the business will not suffer an
hour's interruption by the transfer.
Applications for the remaining shares must be made in the
annexed, and ntmd
ebnet
baccompanied
amount
eat, paymentn t wtwill
beori
returned
epee
dr
shareform
; if no allotment
li
raid a
oe less
m
tfohrethamwietuhn;t
anpupitbeeartteb allotted than
application will
willill
be applied s appliedtowards for
the
payment of the due on allotment, the balance (if any) being
returned.

PfoSpeal:MS.Blll forms of application, with plan of the
Dockyard and Premises, may be had at the offices of the Im-
perial Mercantile Credit Association and of the Credit Mo-
biller, of the Secretary, t:ae Bankers, Brokers, and b'olicit)rs.

FORM OF APPLICATION FOR SHARES.
(To be retained by the Bankers.)
No. -
To the Directors of the Merchant Shipping Company
(Limited) (late Scillies Brothers,.
in the above Company, I
Gentlemen,
Having paid to your Bankers, the Agra and Masterman's
number, and I agree tO
, being a deposit of .£1
mpany, hereby
me that
the Register of mem_
perkrßeac
inue s, (
request
that
hmoai
tnt e
yd
0) Iti h
we
:lulrmlat alolrofets4
accept such shares, or any less numbacnryyvvouhemnaryegaulliortedto;
and I agree to pay the deposit on allotment, and to sign the
maned;
hers for the number a shares all ft d to me.
AI
authoriser t icles of Associationyou t
o insert o
my
tyh
namee Co
om Company
Usual Signature .....
Residence .....................
Profession ...........................
Date, AugUSt, 1564 ............ ~ „
Name iu. full ............................