The Sun.
London, England, 1864-05-31 00:00:00

PROSPECTUS.

This Company has been formed for the purpose of pur-
chasing and carrying on the important and well-known busi-
ness of Engineers, Ironfounders, and Manufacturers of
Agricultural Machinery and Implements, v,hich having been
established nearly half a century, has been conducted for the
last thirty years by Messrs. Barrett, Exall, and Andrewes.
While these gentlemen will reall,e by this transaction the
accumulated profits of many years, they wilt yet remain large
di :reho der., and continue to give their active co-operation
in conducting the future begin, ss of the company.
The demand for machinery at home and abroad being so
extensive, capital to any extent can be profitably employed
in its production, and the recent transfer of so many of the
first-class engineering firms in the country to companies
formed under the Act of 1862, amonc, whom may be named
Messrs. Fairbairn and Co., and Slessrs.'Sharp, S tewart, and Co.,
of Manchester, Messrs. John Brown and Co., and Messrs. Cam-
melt and Co., of Sheffield, Messrs. Slaughter, Gruning, and
Co., of Bristol, &c., is at once proof of the advantageous cha-
racter of the principle of association.
A provisional Agreement, equitable and satisfactory, has
been entered into w.th the Vendors, which secures to the
Company, at a valuation, the freehold known as " The
Katesgrove Iron Works Reading," together vtith other
atßrivaluableaiaTvddheoare,nfr rfalroavenineertriteala.oeg machinery,ghl
edeoosld fde consists44tc
tahnf eod feet,
tpatent,o7withfitwater-sidee leaseholds,eart
grobo
ant
roadway
wwhs
reahoyi.
e()h goodwill,natrheepremises,e stock in
noe
toolsnf
fie
geeriens s 'ae. ,
nfioitet4mir:ashe'sb,o
wiarnsneeedlr
machinery.
ao.r
swe ctTethorb,er
ops
l'
engine-house
fhrgit
yoo
npr
esalnbd o repleteboilers,um aeswbswiiavtitbtehhsi
tts,
aht
geebrratneehoshceraetci
large and commodious foundry, smithy, boiler shops, engi-
rlerzevodiosonossnrimgtadktbraessyao,,l,
pattern stores, &c. A very large and commodious wood-
machine shop about 120 feet long by 30 feet wide, and a con-
verted timber yard occupies the site of another freeho'd.
The leasehold property consists of 10 acres of meadow
land, separated by the River Kennet from the Katesgrove
freehold, and easily connected at any time by a bridge.
The remaining works, on which are additional steam en-
gines of thirty-five horse power, are held on annual tenure,
on which are the saw mills, stables, wood shops, store rooms,
iron house, and warehouses, smithy, sheds, show rooms,
offices, Sze., the whole of which are conveniently arranged.
The connections and Agencies established by the retiring
Firm, both in this country and in the Colonies, as well as
throughout Europe, combined with the signal success which
their manufactures have attained, and the leading position
which they hold, their recognised standing at the Interna-
tional Exliibitions in England in 1851 and 1862, and in France
in 1855, manifested also in the numerous and distinguished
prizes they have taken throughout Europe, cannot fail to
secure to this Company a t rosperous futuro.
As a guarantee of the soundness of the undertaking, the
Vendors have agreed that they will not receive any interest
on their shares until a minimum dividend of 5 per cent. has
been paid on the remainder of the subscribed capital, which
anTeement is to extend over a period of five years—while Mr.
William Exall end Mr. Charles J. Andrewes,who have taken
respectively the Engineering and Commercial Manag-emei t
in the business, will, as soon as the transfer is complete, take
seats at the Board, and bring to bear their extensive and
valuable experience.
this
a agree-
have t hc y
Whilsti
tthei Directorsend ora
,a
tt
bt aocyli
tmb
lune
kh
ii
tmrpi
go
lir ttatnocaettaot
--entb been advised by those capable of forming a correct opt-
' nave onee e subject,remunerativethat
dividend,ar e hol d e rs a
nmay
willful l
thereforeantici-
pate a safe
reasonable expec-
tation, the public,
only add, in
.conclusion,fewoanthanartpoafaatihteinmtabniay enterprises now
single day ; its Directors
tation, inasmu chooansn ieot stioopne Ise made,ns wtibl
el
profits suspendede f
of or
or
be immediate, and the have every reason to hope
1 to their successors.
longtha t tahned
gad of the services of the present executive staff, which has so
Bankers,
Offices of the faithfuaAleeol
Prospectuses and FoarinnisedofA
the §olicif9r, 351 alicdaetpioonsitfoorfS2ohsa.
per
served the retiring firm, may be secured
Vi res may be
drokers, So ic tors, and Secretary, at the
Company in London or Reading. Each appli-
cationysamocationmayabe inspected at the eileeo 91
with
LiIIICOW6-11111- Cidfh 149111;1911. Share.
Tbe Articlesm ti tbe