The Sun.
London, England, 1863-07-08 00:00:00

THE LIFE ASSOCIATION OF ENGLAND
(Limited).
(Incorporated under " the Companies Act, 1862.")
40, Gracechurch-street, London.
Capital, Half-a-Million Sterling, in shares of L 5 each.
First issue, 25,000 shares.
Deposit, ss. per share on application, ss. on allotment, and
probably 108. not less than three months after, beyond
which no further Call is contemplated.
DIRECTORS.
George Buchanan, Esq. (G. Buchanan and Co., 25, Bucklers-
bury).
George Chambers, Esq. (Director, London and Hamburg
Exchange Bank).
Major Fred. Ditmas (late H.M. Madras Engineers), Croydon.
Edward P. Elliot, Esq. (late Chief Magistrate of Madras), The
Mount, Harrow-on-the-Hill.
Patrick P. Gordon, Esq. (Chairman Eastern Bengal Tea Co.).
E. Bassett Keeling, Esq., M.R.I. R.A., Gray's-inn, W.C.
Francis Lascelles, Esq. (late Civil and Sessions Judge in
Lewis Munro, Esq. (late 11.31. Bengal Army), Cavendish
Club, W.
George Peacock, Esq. (Australian Merchant), 1, Lime-street-
square. London, B.C.
Charles G. Prowett, Esq. (Barrister at Law), 5, King's Bench-
walk, Temple.

_
CONSULTING REFEREE.
William Farr, Esq., M.D.. D.C.L., F.R.S., General Register
Office, Somerset House.

BANKERS.

Eue,iand—The London and County Bank, Head Office and

Ifranches.
Scotland—The National Bank of Scotland, Head Office and

Branches.
Ireland—The Provindial Bank of Ireland, Head Office and

Branches.
India—The Agra and United Service Bank.

SOLICITORS.

Messrs. Wilkinson, Stevens, and Wilkinson, Nicholas• lane,

Lombird-street.
MANAGER AND ACTUARY—W. J. Fred. Norfolk, Esq,
SECRETARY—M. J. MacOormack, Esq.
--- - -

The Directors of the Life Association of England having
secured the influence of very valuable connections throughout
the United Kingdom, in most of the Colonies of the British
Empire, and several Continental countries, and having re-
ceived promises of subscriptions for a large number of shares,
will enter upon the business of Life Assurance on the 15th
July next, on which day a complete prospectus, detailing the
plan of the Company's operations, and containing tables of
rates, will be issued to the public.
Arrangements also have already been absolutely made by
which a large business will be acquired by the Company at
once ; and further negotiations to the same end are far ad-
vanced.
The Directors will further carry ont an entire reconstruc-
tion of the system of Life Assurance, on a plan devised by
their Consulting Referee, by which the Association's business
transactions w►ll be rendered perfectly equitable in opera-
tion, and afford the best security, whilst the Association will
be placed in the be,t condition to fulfil its future engage-
ments. The plan in question will be well adapted to the
wants of the people, aflording all the advantages of present
Life Offices, and some of those of a Bank. It will also ope-
rate at less risk, less expense, and lower premiums than
Offices ordinarily constituted.
The Directors, therefore, confidently anticipate a very
handsome dividend from the first year of business opera-
tions.

The value of Insurance Shares as an Investment, evidenced
by the large premiums to which most of them have gradually
risen, and the handsome and increasing dividends and
bonuses which have been paid upon them, is a fact so well
ascertained and acknowledged as to need no comment.
Interest will be paid upon the capital at 5 per cent. per
annum, until a dividend of larger amount shall have accrued.

The liability of the shareholders is limited to the amount
unpaid on their shares.
The Local Boards in the principal Cities and Towns of the
United Kingdom will be selected from the most influential
shareholders.

The sum the Directors have agreed to pay on account of
preliminary expenses is merely sufficient to recoup the actual
expenditure, which has been regulated throughout with the
strictest re,gard to economy.
Prospectuses and all other information may be obtained
from, and applications for the remaining shares, and for
Agencies, may be made to, the Secretary, at the Office of the
Company, or the Bankers, Solicitors, and Brokers before
mentioned.

THE LONDON and AFRICAN TRADING
COMPANY (Limited).
Capital £500,000, in 20,000 shares of £25 each.
First Issue, 4,000 shares.
Deposit on Application, £1 per Share. Payment on Allot-
ment, £1 per Share. No Call to exceed £5, and an interval
of not less than three months between each Call.
Should less than two-thirds of the Shares be applied for, the
Deposit money will be immediately returned in full.
The Liability of the Shareholders is limited to the amount of
their Shares, the Company being registered under the
" Companies Act, 1862,' with Limited Liability.
BOARD OF DIRECTORS.
VICTOR F. WEBER, Esq.. of Messrs Weber and Biddulph,
ls, Philpot-lane, London, Chairman.
David chinery, Esq., African merchant, 155, Penchurch-street,
London.
William Vaughan Morgan, Esq , Messrs. Morgan Brothers,
Bow-lane, London.
J. Irving Pascoe, Esq., Beresford House, Highbnry New
Park, London.
H. Seligman, Esq., of Messrs. Seiigmann and Haarbleicher,
Manche ter.
C. Sevin, Esq., of Messrs. Sevin, Chinery, and Co., 155, Fen-
church-street, London, and Sfax (Tunis), and Badagry and
Lagos, West Africa.
Benjamin S. Smith, Esq., Messrs. Smith Brothers and Co.,
6, Crosby-square, London.
H. Southwood Smith, Esq., Little Stanhope-street, Mayfair,
London.

With power to add to their number.
BANKERS.—Messrs. Smith, Payne, and Smiths.
SoLlerroas.—Messrs. Howard, Dolman, and Lowther, 141
Fenchurch- street.
STOCKBROBERB.—London : Messrs. Fenn and Crosthwaite,
3, Royal Exchange-buildings.
Temporary Offices—Colonial House, Fenchurch-street, City.
This Company is formed to carry on a trade with the na-
tives on the West Coast of Africa, by bartering Manchester,
Glasgow, Birmingham, and other manufactured goods, for
Palm Oil, Cotton, Ivory, Ground Nuts, and the various pro-
ducts of that great continent ; to throw open to the public
the benefit of that which has hitherto been a close and pro-
fitable trade to a few, and, by extending its operations into
the interior, to spread at the same time the benefit al influ-
ence of commerce and civilisation amongst its dense and active
population.
It is well known that the African trade, particularly on
the great rivers, has hitherto been exclusive, and that la ge
fortunes have been realised, wherever the required capital
was at command, by the simple system of Darter carried on
with the natives.
At present Palm Oil teems the most important article of
trade with the whole ooast of Africa. The production is un-
limited, so much so, that wherever the civilised trader has
not penetrated, the nuts of vast regions of palm trees are left
to rot in the forest. The constant demand for Palm Oil in
all European markets is such that any quantity can be sold
on its arrival In England.
The export of Palm 011 from the Bight of Biafrahas proved
to be on the average about 40,000 tons a year, representing a
value of about £1,600,000, and this large amount has been col-
lected by the natives within the small part of coast line from
Cape Formosa to the Cameroon!, not more than aciout 300
miles. This trade is almost exc naively in the hands of a
few English merchants, and is susceptible of very consider-
able increase.
The Bight of Benin is next in importance in the export of
Paint Oil ; according to an ofihial report of the trade in 1857,
no less than 21,172 tons of Palm Oil, of near £850,000 value,
were exported from the factories of Palma, Benin, Lagos,
.-.an7, Porto Novo, and Whydah.
Cotton is generally, known to be indigenous to every part
of the West Coast of Africa, but particularly so in the coun-
tries bordering the Bights of Benin and Biafra. In Yoruba
Cotton forms already one of the staple productions of the
country, and
ket • great quantities are brought regularly to mar-
, t properly organised a ler suly than hitherto ob-
tinattnhediscould be secured for exportation; it is computed that
„ally province
nt alone, 8,000,0001 b. of Cotton are made up an-
native cloths for home consumption. The import
" cotton?
Arann_PPl Africa is steadily increasing.
eery" B,K.n,xne numerous products of Africa one article de-
pidly in'"'xi notice,
cream which has lately been exported in r
most of whi,4E quantities ; this is the Palm Nut Kernel,
after the paiinuoaxii hitherto been thrown away by the natives
lisle that
very COnsiderable
surrund:las been extracted from the fibrous pal-
_the nuts. The value of this kernel is
value to I:43OOa_NIA IliTiclds about 30 per cent. oil, equal in
trict of Lagos and gad; and although the natives in the dis-
a rude way and witnagry now manufacture the Nut Oil in
great loss, the exports oft is article are
very limited.
In order to secure at one.
the company has succeeded—l au immediate profitable trade.
.it with a firm whicillheatilecting an advantageous ar-
rangeme
for some years past carried
on a lucrative and increasing traacd
their
their business, including their tde with Africa, by purchasing
on the coast, and engaging 8. now in full operation
rwents, supercargoes, and
general staff employed by them.
have undertsken to assist in the dn.n24Prlncipais of this firm
is enabled to
of the business of he Company. and management
neostimaTence business
The Company. therefore,
armed on every point, and free from the
consequent on experimental trials ; it has, in i risk and loss
tend as far as possible to the whole western east
to exs-
o Africa
business which is already established, and in successful ope-
ration in a particular and very important
locality.
A t•plilations for shares must be made in the form annexed,
to the Dit ectors of toe Company, at the Temporary offices, or
to the Bankers or Brokers, and accompanied by a deposit of
£1 per share.

FORM OF APPLICATION FOR SHARES.
To the Directors of the London and Ale= Tracing Company
(Limited).
Gentlemen,--I here' y request that you will allot me
Shares of £25 each in the London and African Trading Com-
pany (Limited), and I hereby agree to accept such Shares, or
any smaller number that may be allotted to me, and I autho-
rise you to place my name upon the Register of Shareholders
for the Shares so allotted.
I am, Gentlemen,
Name in full ***
Residence
Profession or Business.....
Date osimpawerame way. MOW*