The Sun.
London, England, 1863-06-03 00:00:00

THE LONDON AND LISBON CORK WOOD
COMPANY (LIMITED).

CAPITAL. £lOO,OOO, IN 20,000 SnAlma OF £5 EACU.
Deposit on Application, 10s. per Share, and £2 on Allotment.
No further call except at Three Months' Notice.
Incorporated under the Companies' Act, 1862, by which the
liability of each Shareholder is limited to the
amount of his Shares.

RS.
SIR HENRY J. LEEKE, KDIREC .C. TO
8., K.H., M.P., Chairman,
London.
George Braginton, Esq., Director of the London and Pro-
vincial Marine Insurance Company, London
Thomas Cotterell, Esq., Director of the Bank of Hindostan,
China, and Japan, London.
William Loeder, Esq., Messrs. Loeder, Knapp, & Co., Mer-
chants, New Broad-street, London.
Michael Rimington. Esq., Banker, Torrington, London.
Count de Peniche, Peer of Portugal, K.C,C., &c., Member of
the Portuguese Legislature, Lisbon.
Viscount de Montforte, Peer of Portugal, K.C.C., Member of
the Portuguese Legislature, Lisbon
Viscount da Praya, Peer of Portugal, K.C.C., Member of the
Portuguese Legislature, Lisbon.
Senr. M.M. Couto. D'Alberga. Freyre, Counsellor to H.M.
the King of Portugal, ex-Member of the Cortes, K.C.C.,
K.T S., IVlanaging Director in Portugal, Lisbon.
(With power to add to their Number.)
BANKERS.
Messrs. Barnett, Hoares. and Co., 62, Lombard-street.
SOLICITORS.

Messrs. Lumley and Lumley, 2, Moorgate-street, Bank.
SECRETARY.
Samuel Oldfield, Esq.
BROKER.
Joseph Sebag, Esq., 12, Throgmorton-street, Bank.
AUDITORS.

Messrs. Johnstone, Cooper, Wintle and Co., 5, Lothbury.
OFFICES.
12, St. Benet's-plaoe, Gracechurch-street.

This Company is formed under the highest auspices in Por-
tugal, to carry on the Cork Trade on a rare scale, with ad-
vantages that hitherto have never been combined.
The Directors have secured a large monopoly in supply for
terms of years, on Leases extending over the largest and
most renowned Cork-producing districts. These Leases
grant the sole right to take Cork in 142 forests, some contain-
ing as many as 15,000 to 30,0 Y 0 Cork Trees, in the districts of
Moritemor, Evora, Arraiollos, Es remoz, Portel, Vianna, and
Fronteira, in the province of Alem -Tejo.
The title and extent of these Leases have been verified by
an independent agent at Lisbon deputed by the Solicitors of
a London Bank.

The South-Eastern Railway of Portugal will place this
large district of Cork-producing country in immediate com-
munication with the Port of Lisbon. The It ilway is open
to Vendas Novas, and is about to be opened to St. Jago, and
in the present year the Branch Lines to Evora and Beja will
also be completed.
The Directors Lave secured for 96 years ample land adjoin-
ing the Railway Jenctioti at St. Jago, for the erection of
Warehouses and other necessary Buildings.
The Cork Trade is at present carried n through the in-
strumentality of the Algraveos, persons who, traveling from
forest to forest,purchase on the ground parcels of Cork,which,
at great labour and expense, they carry to Lisbon and other
places, where it is prepared fbr export. The money for these
purchases is usually borrowed by them at high rates of in-
terest, frequently at 20 to 30 per cent., thereby considerably
increasing the coat of the Cork by this large Item of expense.
The waste attending the preparation of the Cork for the
market is about one-half. The Company having large dis-
tricts of Cork Forest, with a central depot at the Railway
Junction at St. Jago, and the establishments in the heart of
this Cora-producing country, already in full work, at Azaruj a,
Igrejinha, Alcacovas, and Portel, will be enabled to effect a
large saving in t he waste and transport alone, as the cost of
carrying Cork to the chief preparing and shipping ports, in a
rough state, adds very considerably to the rat cost of the
Cork in the Forests, and the present large waste in prepar-
ing the Cork will be very greatly reduced in the amount.
The Forests secured by this Company now produce with
the inadequate and imperfect means hitherto employed, the
estimated annual value of £12,500, in marketable Cork, as
established by the average shipments of the produce during
the last four years, and which it is calculated will be in by the superior available means of the Company to
at least double the amount formerly obtained. The demand
and consumption of Cork in England has increased since the
year 1848 three hundred per cent., and is still increasing* far
beyond the actual means of supply, thus offering a certain
basis for the profitable employment of capital.
The Directors have secured last year's crop of Raw Cork,
estimated at 1,100 tons, which is in preparation, and are
therefore enabled to commence business at once, and five
sales of Cork which have already been c ffected from the Com-
pany's Stock, consisting of about 170 tons, have realised
about £4,390 net, in addition to which a cargo of 50 tons, ex
steamer Mavrocordatus, arrived at the London Docks on the
15th of May.
The Purchase Money for the whole of the Leases, together
with the Plant in Portugal, and the last year's crop of
Cork, now preparing for market, will not exceed £30,000.
Of this £B,OOO only being less than the estimated value of
the Company's Plant and Cork in hand, will be paid for in
cash, the remainder is to be taken in Shares of the Company
half-paid up, with the same liability for calls as all other
Shares_ _

The Directors will submit the following statement for the
first year, with the greatest confidence in the result.
The present Crop will produce in London, within Six
Months—

At least 500 tons of Cork, of an average value
of £3O per ton Gross
At a cost of—For Labour in Portugal,£3,ooo 0 0
„ Part Rent
„ Freight and Landing 2,000 0 0
„ Rent, Salaries, &C l,lOO 0 0 _ _

6,500 0 0

00 0 0
Estimated Commission on Consignments expected by the
Comn, sa £1,50
Equal to 16i per cent. upon tbey entiroe. Capital about to be
called up.
The advantages possessed by this Company are-
1. The exclusive right of taking Cork over a vast extent
of Country.
2. The co-operation of the Landed Proprietors, Members
of the Foreign Direction.
3. The present Crop of 500 tons, which is coming forward
from the Company's Forests (about 220 tons of which
have already arrived in London and elsewhere) ; and
at the first Public Sale of a part thereof, by Mr, T.
SIDNEY SMITH. of No. 42, Lombard-street, it realised
considerably more than the Price stated by the Di-
rectors in the above Statement.
The chief management of the affairs of this Company will
be vested in the Directors in London, and subject to the fu-
ture control of the Shareholders.
The Foreign Directors have stipulated that not less than
10,000 of the Shares (but including those paid on purchase ac-
count) shall be offered for allotment to Subscribers in Portugal.
If no allotment be made the deposits will be returned in full.
Applications for Shares must be made in the Form annexed
to the Prospectus, and accompanied by a Banker's Draft or
Cheque upon a Banker, for a deposit of 10s. per share.
Prospectuses and Forms of Application for Shares may be
obtained at the offices of the Company, also of the Solicitors
and Brokers of the Company.