The Sun.
London, England, 1864-02-26 00:00:00

No. 22,362.

WHERE CAN WE MEET AF ►ER THE
PANTOMIMES ? My dear Fellow, Gentlemen sup
at EVANS', Covent-garden•

I N.
AII AN ' S LL
HAAVtI-DI 11S_ KY V. COGNAC,
This celebrated Old 1R131.1 WHISKY rivals the finest
FRENCH BRAN I) Y,
It it Pure, Mild, Mellow, Delicious, and very Wholesome.
So!d in Bottles, 3s. Bd., at the Retail Houses In London ; by
the Agents in the principal towns in England ; or wholesale
at
g, GREAT WINDMILL-STREET, W.
Observe the Red Seal, Pink Label, and Cork branded
"Kinahan's LL Whisky."

GOVERNMENT ANNUITIES BILL-At a
numerously attended MEETING of the MEMBERS
of the LIFE ASSURANCE PROFESSION, held at the
Offices of the Eloyal Farmers' Assurance Company, :3, Nor-
folk-street, Strand, on Friday, February 19, 1864,
JOHN REDDISH, Esq„ in the Chair,
The following Resolutions were passed:-
1. That Life Assurance has been carried on in this country
for a century and a half by private enterprise, and that the
Life Assurance Companie -4 have fulfilled their engagements
in a manner which will bear honourable comparison with
that of any other class of institutions; that they have always
adapted themselves to the public wants and convenience, and
are able and willing to continue to do so.
2. That this Meeting is of opinion that the proposal of the
Government is an interference with ordinary commercial
enterprize, and ought to be opposed.
?. That a Committee, with power to add to their number,
be now ,Inpointed, for the purpose of watching the measure
and taking t;l,ch steps as they may deem expedient.
4. That the foregoing Resolutions be signed by the Chair-
man and transmitted to the Chancellor of the Exchequer, in-
serted in the daily papers, and sent to the metropolitan and
other members of the Rouse.
JOHN REDDISH, Chairman.
•TCOMMITTEE.—CeIIicoe, Esc' , J. Reddish, Esq., T. B.
Sprague, Esq., H. Tin old, gsq., Messent, Esq., Henry
Harben, Esq.
Communications in reference to the above subject should
be addressed to the Honorary Secretary, Htnry Harben, 35,
Ludgate-hill, London.

THE OFLLIVARA COMPANY (Limited).—
Incorporated under the Companies Act, 1852, by whico
the liability of shareholders is limited to the amount of their
shares
Capital..£soo,oCO3 in 10,000 shares of £5O each, with power to
increase.
Deposit Li per share on application, and Xi on allotment;
ex
e remainder to be called up as required, but no call to
ceed .£5 per share, and at an interval of no less than three
moaihs between each call.
C tis jest at the rate of 6 per cent. guaranteed during the
first three years.
DIRECTORS.
E. P. Alderson, Esq., 26, Ole Broad-street.
Thos. Brassey, jun., Esq., Great George-street.
Chaq. Cammell, Esq., Sheffield and London.
W. K. gladstone, Esq., 57i, Old goad-street.
J. H JOILBSOD, Esq., Director of the English and Swedish
Bank.
George Payne Kitson, Esq, 13, King's Arms-yard.
V. Rjellbe • g, Esq„ Stockholm.
thigh C. Smi h, Esq., 47, Belgrave-square.
RANKERS IS LONDON.
Messrs. Smith, P yne, and Smiths, 1, Lombard-street.
BANKERS IN SWEDEN.
The English and SwedisGhothenb Bank Limited), Stockholm and
u rg.
SOLICITORS.
Messrs. Dawes and Sons. 9
Angel-court, Throgmorton-st.
BROKERS.
Messrs. Mullens, Marshall. and Daniell, 3, Lombard-street.
Messrs. Laurence, Son, and Pearce, Bartholomew-lane.
SECRETARY.
Charles W. Earle, Esq.
Temporary Offices-1, Copthall-chambers.
This Company has been established for the putpose of
purchasing a property in the kingdom of Sweden, known as
the Gellivar t Estates, with the Irew of developing its great
resources.
The property comprises—
(A) About 1,200,000 acres of land, 900,000 acres of which are
freehold, and the remaining 300,000 acres can be made of the
same tenure. More than 500,000 acres consist of good forests
of red and white pines ; 100,000 acres are already under cul-
tivation or fit for it; and fur.her extensive districts will
become available for agricultural purposes.
(B) The Gellivara iron bed is probably the largest and
most productive in the worid, txtending over nearly three
square miles. The ore consists partly of hematite and partly
of protoxide of iron, without any visible trace of pyrite,
yielding on the average 65 per cent. of pure metal.
The mountain Mrsurveyed in 1857 and ractical English
mining engineer. Thomas, F.G.S.,he reported his
opinion to be that—
' By adopting a systematic mode of working, there may be
readily extracted from seven to eight millions of tons of very
fine magnetic ironstone, readily obtainable by levels, and
without the application of any draining machinery; and that,
no doubt, even tnis large quantity might be materially in-
creased by removal of top rubbish and vegetation on the line
of bearing of the ironstone, before it will be found necessary
to apply any machinery for drainage."
The mountain was likewise inspected in 1852 by Professor
Erdmann, Chief Director of the Royal Geological Surveys in
Sweden, and, according to his report, a great number of the
veins are estimated at from to 200 feet in thikness, and
about 1,000 feet in length, and the produce of ones single vein
may fairly be calculated to equal more than three million
tons of ore.
(C) 215 farms, nine water and one steam sawmill, two blast
furnaces, four ironworks, a ship-building yard, &c.
The greater portion of this property was purchased from
the late King of Sweden by an association of merchants in
Sweden and Norway, whose operations have been confined to
the wood business: and to a gradual extension of the cultiva-

tion of the land.
The wood business yields very favourable results. The
annual production is about 10,000 St. Petersburg standards,
or about 33,000 loads, coating on an average £3, and selling
readily for shipment to England, France, Spain, &c., at prices
equal to an average of XI ss. per standard, tree on board at
the shipping ports, thus showing a profit of £1 ss. er stan-
dard. This production can b; considerably increased by the
erection of more sawmills.
The value of the iron ore is increased by the circumstance
that, without encroaching on the timb:r adapted for more
valuable purposes, tie forests of the estates and the waste
wood at Lhe different sawmills rive an abundant supply of
charcoal, at a low cost, so that 25,000 tons of pig iron can
readily be made at a cost of Zl. 19s. per ton, free on board at
the shipping port, while the present selling price is above
£4 per ton.
A ready sale of the ore tray be safely calculated on at the
estimated price of 154 per ton, tree onboard, at the shipping
port. the owners of the for sts ,nd s •wm lls on both the
Siv, dish and Finland side of the Gill of Bothnia, woo have
now lar..,e cptanti ies of wood annually wasted, which they
oou .1 turn into value by' making charcoa of it if they could ,
obtain god iron ore at a moderate cost tor sme'ting.
The only obstacle for working the mineral property has
bee , the ttifficulty of transport of the ore from the mountain
to th furnaces a d shipping pert. The Sw dish G .vern-
In ent an i D et. fu ly appri•ciating the gri'at benefit . which
the working of th se valuable mines would have on the
naiiisnal pro perity, have now le it their aid by er tilting a
considerable subvention f r fa ilitating the trausp-rt.
Very carefu urveys have proved that tie mo tec nomi-
cal means of transport will be by ara lway from the iron
mountain to the r rLue. a distance • f abow sixty avoid
InLe.i, and by further making two -hort cana o
rapids and fal s, watch will render that river navigab e to
the port of G tddylk in the Gu f of Bothni
inn rol
The entire cost of thi rat way, nichttrg stock,
and of the Iwo canals, will not exteed £232,000, and °ward
thi th e
e Swdi h Government and Det have g ed a
vent•on to die iLmount of 850,000 i
rix dollars,rant or abou!
£48,000.
This Comp my has cent •acted to purchase all these valu-
able estates for the sum of (225,0:0, in order to carry on and
extend the Wood busine s, to extend the cultivation of the
lan to work the mineral wealth of the property, and to
cons ruct for this purpose the railway from the Gel ivara iroa
mount du to the river Lule and the two canal , on that river.
For these purposes a capital of £500,000 is required.
The presen stock, about 8,000 standards of manufactured
wood goods, will be taken over from the vendors at their
actual cost price, whereby a considerable profit wi 1 be directly
gained by the Company.
Three years will be required to construct the railroad
and the canals, so as to bring the iron business into full
operation.
The returns of the undertaking may then be fairly esti-
mated as under:-
Ist. From the sale of 60,000 tons of iron ore to pro-
prietors of furnaces in Sweden and Finland, at a
profit of 6s. per ton
2d. From the oduction of 25,000 tons of nig iron at
the Company s own furnaves at a profit of £2 Is
per ton
3d. From 15,000 standards of wood at a profit of
£lss, per standard 18,750
4th. From net income of railway
395
sth. From net income of canal and traffic thereon 6,

£103,095
Dechmtfor management, &c.. 8,095
-------

Net Profit
or 19 per cent. on the share capiial irrespective of
from land, probable increase in sale of ore, and profitsreturns to be
derived from the Company making bar iron and steel.
During the first three years required for the full develop-
ment of the property, the vendors guarantee that the income
on the paid-up capital shall amount to at least 6 per cent per
annum payable half-yearly, and they have bound themselves
to make up any deficiency in such amounts ; as security for
the due fulfilment of
h this guarantee, the vendors leave in the
ands of the Company £50,000 of the purchase-money, which,
together with the profits of the wood business, forms an ample
guarantee fund.
The map and schedule of the estates, estimates of c)st of
railroad and canals, and estimates of cost of production of
iron and wood, together with the reports of Mr. t homes, and
of Mr. Alexander Erdmann, and a letter from the Minister of
the Interior, in Sweden, bearing testimony to the great in-
terest of the Swedish Government in the undertaking, may
be seen at the Company's Offices.
Copies of the Memorandum and Articles of Association lie
for inspection at the Office of the Solicitors, Messrs. Dawes
and Sons, and at the Temporary Offices of the Company
Applfcation for Shares must be made in
accompanied by s deposit of Li per Share. the annexed form,
Prospectuses and forms of application for Shares may be
%btained at the Temorary Offices of the Company and the
London Financial Association (Limited), l, Threadneedle-
street, and the Brokers' • the branches of the English and
Swedish Bank in Stockholm and Gothenburg will also re-
ceive applications and deposits for Shares for transmission
to England,

This form must be delivered entire to the Bankers of the
Company. and, after payment of deposit, the application to
be retained by them.
FORM OF APPLICATION VOR SHARKS.
To the, Directors of the Gellivara• Company (Limited).
Gentlemen,—Having paid to your Bankers, Messrs Smith,
Payne, and Smit.us, the sum of z , being a deposit of
per Share on Shares in the above Company, I hereby
request that you w.ll allot me that number; and I hereby
agree to accept such Shares, or any smaller number that may
be allotted to me, and to execute the Articles of Association
when required, and to my name being placed on the Register
of Shareholders for the Name es so
full allotted.
in
Besiden e
Profession or Business
Date