The Sun.
London, England, 1863-07-03 00:00:00

#8 p
1

THE LONDON COCOA - NUT FIBRE
COMPANY (Limited)•
Incorporated under tho Cr mpanics Act, 1862, whereby the
Liability of every Shareholder is limited to the amount of
his shares.

Capital £20,000, in 20, 00 Shares of £1 each.
Deposit ss. on application, and ss. on • llotment. Calls not
to exceed ss. per share. No call to be made within three
months from the Incorporation of the Company, and sub-
sequent Calls at intervals of not less than tnree months.
DIRECTORS.
F. M. Hayward, Es 32 32, • e urge
-street, Hanover-square.
Major Bamford, 6, Sutherland- street, Belgrave-square.
Frederick Angerstein, Esq., 133, Stoanc-street, and Carlton
Club.
Frank Cole, Req., 76, (lower-street, Bedford-square.
T. Little wood, Esq , Broom Hall, heffield.
J. Stevens, _Psq„ 6r, Cornhill.
With lower o add to their number.
LINKERS.
The English and Irish Bank (Limited), 25, Poultry, E.C.
SOLICITOR.
Charles Parke, Esq , 37, Moorgate-street, E.C.
AUDITOR.
Mr. S. T. Cooper, Public Accountant, 10, Basing,hall-
street, E.C.
SECRETARY—Mr. C. IL Baker.
MANAGER or WORKS—Mr. James Lane.
Temporary Works—Arthur-terrace, fl olloway.
Offices —No. 1, sun-court, CornhilL
This Comnsny is formed for the purpose of manufacturing
Coma-Nut F bre Mats and Matting, under Letters Patent
granted to George Davies, dated the 241 n April. 1862.
The principal feature of Davies's Invention consists in the
improved pile ot the mat, and, owing to the mode of weaving,
great durability is given to the fabric at a reduced cost of
manufacture.
The superiority of articles manufactured by this process
over the present method will be well understo d in the trade
When it is stated that matting of all descriptions, and car-
riage and door mats, dr,c., have a thick fibrous pile upon the
surface hitherto unattained.
The onti ninny extendir g demand for articles made of Cocoa
fibre will be gr .etly stimulated by the introduction of the
patent process into the manufacture. The harshness hitherto
complained of in matting made of this material in the ordi-
nary method will no longer rema n a source of complaint, the
patent process rendering the material and articles made of it
not only more durable, but much softer.
The Patent at the present time is being worked profitably
to a limited extent.
The proposed Capital will be ample for the payment of the
purchase-money for the patent, for looms and other plant,
and for working the business on a large scale.
The calculations made warrant the probability that the
profits will exceed 25 per cent., and as the manufactory re-
quired is of a simple and inexpensive character, the works
will be in operation, and profits will be realised, within three
months after allotment ot shares.
The following is an Estimate of Profits to be realised :
60 Looms, producing 10ft. Mats per day, at 2d. £ s. d.
per foot profit (when sold at the lowest mar-
ket price), equal to .£llos. per week per loom ;
atter allowing* for stoppages, tec.., say £1 per
week per loom, equal to per annum .. AU° 0 0
20 litooms on Matting and Fancy Wefit anti-A.OM
of Ws. per loom per week, equal to per annum 620 0 0

£3,f40 0 0

Rent, Taxes, Gas, and Firing for Manufactur-
Wages and Management
3 Horses' keep ..
E•,pense. of Offices and Staff
Wear and Tear a count
Reserve account

Date