The Sun.
London, England, 1863-08-04 00:00:00

CHEAPEST PASSAGES to all the Colonies.
PASSAGES gjiaranteel at CHEAPEST RATES to
AMERICA, (A.NADA. BRITISH COLUMBIA, AUSTRA-
LIA, NEW ZEALAND, PORT NATAL, the CAPE, &c.,
&e., by Mail .team and Clipper Sailing Ships weekly flora
LONDON, LIVERPOOL, and other ports.
Steamers for AMERICA and ''ANADA, every few days,
from £4 10s. to £5 55., sailing packets £3.
Passengers met at all the Stations and c'dnducted to the
Docks, thereby avoiding much imposili.on, trouble, and
annoyan,e. Free Grants of Land obtainr,d and Outfits pro-
-aided. Through Tickets issued to all t
-.tee chief Ports in Aus-
tralia and New Zealand, and the ";:owns and Cities of the
United States and Canada, also to Halifax and St. Johns.
Pull particulars, free of c.karge, upon application to
PEARCE and Co., First Flo'jr, 100, Leadenhall-street, City,
London, or 43, Union-street, Liverpool.
13.7 ff" Parzels and packP.gea collected, shipped, and invoiced.

NEUSTADT CHARCOAL IRON WORKS
Liitedl.
Capital ,£2 ;0,000 inOMPANY 11,500 Sha(resmof .X2O each. Deposit on
apnlieation 105. per Share, and £1 10s. on Allotment. The
calls not 'c
exceed £5 per share curing the first three months.
and no turther calls to be made payable at shorter intervals
than Three onths. In the event of no Allotment being
Made, all Deposits to be returned in lull.
The Company will be formed under the English law of
Limped liability.
The Articles of Association will, secure to the English
Fhareholders the rlaht to elect two-thirds of the Directors of
the Company durin the first seven years.
The amount expended in these works exceeds £340,000.
The purchase-money, to he paid by in.talments. is £160,000 ;
and this amount, with £40,000 for gradual extension of the
works ann working capital, will, it is estimated, be sufficient
to carry on the undertaking profitably.
£200,000
'Total present, Capital required
Of which a Mortgage may remain at 5 per cent. ol ^ 50,000

Leaving Net Capital to be raised —.£151,,000
Upwards of 4,00 G Sitar:B have slready been taken,
atnottnting to BO,OOO

Leaving 3,500 Shares now to be talon, am'sunting to £70,000
DIRECTORS.
Charles Buck, Esq. (R. Buck and Co.), 1, Crosby-square,
Theodore Erich, icsq., (F. Steigerwal4 77, Newgate-street,
London. and Munich.
William Fowler, Esq., Sheepbrielg,a Iron Works, near Ches-

terfield.
John He& ey, Esq., her Majest,;''s Inspector of Works, Derby.
Adolph Knapp, Esq. (Loeder, Knapp, and Co.), 1, New Broad-
street.
Edwin d Nehse, Egq., NeurAadt
Char', s Phelps, Esq., 3, ihood-lane.
James Taylor, Esq. (JrAnes Taylor and Co.), 13, Fenchurch-
buildings.

Messrs. Hargrove SOLICITORS.
+. Fowler, and Blunt, 3, Victoria-street,
Westminster.
BANKERS.
The Consolidated Bank. 4, Lombard-street, London,
and Manchester.
AUDITORS.
Messrs. Ch'adwick, Waltord. and Adamson, 27, Great George-
street, Westminster, and 75, King-street, Manchester.
Temporary Offices-27, Birchin-lane.

Thia Company is established for purchasing and working
the clelebrated Iron Works, situate at Neustadt, on the
Hanover and Bremen R,ilway.

These Important works, well known in Germany for the
production of Charcoal Iron, were established in 1856-58, at a
cost ex ceding £340,000.

According to a report by John Hedley, Esq., of Derby, one
of H.M.'s Inspectors of 'Mines (which report may be seen at
the Office), the works consist of two blast furnaces— a foundry
containing cupola and. arrangements for a large casting busi-
ness—a forge—bar ajd piste mills with eight pairs of rolls—
shears— lathes, capable, with slight additions, of turning
out annually 5,000 tons of boiler plates, and 3,000 tons of bars,
the whole of tl-le machinery worked by steam power—
to,rether with ample storehouses, workshops, and offices, and
cottages for tw eaty-five families.
The buildirigs are of a more substantial kind than is usual
for such pun poses in England, and the machinery, which is
constructed, with all recent improvements, is in excellent
condition, having been used for a short time only.
The deposit of iron ore belonging to the works is practi-
cally inexhaustible; it is of very pure quality, of the same
compoUtion as the clay band of the coal measures, and con-
tains ',Tom forty-two to forty-four percent. of iron according
to th.c analysis of Dr. Percy, of the Government School of
Mines in London. As this mass of ore lies open to the day
it is worked without the expense of sinking shafts, pump-
ing &c.
T'he fuel employed being half wood charcoal and half peat,
entirely free from sulphur and phosph:rus, plates and all
other descriptions of the finest quality are manufactured.
'The extensive forests in the neighbourhood, and an inex-
haustible deposit of peat from 20 to 30 feet in thickness—
which is prepared at the works—supply the requisite fuel at
a cheap rate.
Coke is supplied by neighbouring collieries, of a quality
equal to the best North of England coke, with which superior
Iron for casting purposes can be made, and for which there is
an extens ve demand throughout Germany, at a price which
will leave a large profit.
The Iron made at these works is adapted for the manufac-
ture of first-class plates, bars, tyres, and steel ; and from the
tenacious and ductile character of some of the mixtures, supe-
rior armour plates for ,hips can be manufactured.
For the c)nvevance ot fuel and products of the works the
property includes eight miles of railway, three feet gauge,
besides two an &three quarter miles of main line, branch and
sidings connecting the works with the Hanover and Bremen
line, and thus with all parts of Germany.
The works are rzected upon about fifty acres (85 Morgen)
ot freehold land, and there is also a copyhold farm of 172
Morgen (about 130 acres) on which the Iron ore is worked under concessi.en, comprising also a farm house and home-
stead for the tenant.
Six hundred and fifty tons of Puddle Iron and about
twenty milAion pieces of dried peat remain upon the property,
and will b,e included in the purchase.
In con sequence of the excessive outlay made by the Com-
pany will° established the works, together with the mercan-
tile depression at that period, financial difficulties brought
therm to a stand. The whole is now offered at a very
low
price of £lBo,ooo—being less than half the original cost.
The Company, now purchasing the Works, may at once
Commence business, avoiding the delays necessarily attendant
on the first erection of works of such magnitude, and there-
*are with a prospect of an early dividend.
An experienced resident Manager will be sent from Eng-
land.

Upon this total capital of £230,000, with the extensions
proposed, Mr. lledley, after carefully estimating the cost of
production, and on the supposition that the present high Protective duties of the Zollverein on foreign iron are repealed
(which is not expected for years to come) shows a clear profit
of upwards of 20 per cent. With the first issue of 7,500 shares,
representing a capital of £150,000, the works can be started to
produce 1,200 tons of bars, and 4,500 tons of plates annually;
and after paying interest at the rate of 5
per cent on the
mortgage of £50,000, a dividend of 11 percent. may be realised.
There is also a considerable item of profit in re-rolling rails
ot the G,rman and Austrian railways, which at present are
sent to the Westphalian Iron Works, with a carriage of 303
miles beyond Neustadt.
The additional furnaces for manufacturing coke iron, re-
commended by Mr. lledley, and for which the unissued shares
will be called, will be postt oned for the present.
The prospective reduction in the cost of ore to ss. per ton,
whea the line from Ringlehelta to Bildesheim is constructed,
and the mixture of coke iron, will add about £6,000 annually
to the profits.
Tempor
Prosp
aryectuOfficeasses dudrma of application may be bad at the
, aof of the Company. the Brokers, Solicitors, and Bankers

.....---.
FORM OF APPLICATION FOR SHARES.
To the Directors of the Nenstadt (Limited your
Iron Company
Gentlemen,—Having paid to
your Bankers the sum of
£ , being the deposit of 10s. per share on
shares in the above Company, I hereby request that you will
allot me that number, and y'
hereby agree to accept such
shares, or any lesser numbs, that may be allotted to me ;and
I further request that my name may be placed on the Register
of Shareholders for t,tt %hares so allotted.
Name in full
Residence
Profession or Business
Date

CIuAR-Di AN FIRE AND LIFE ASSURANCE
COMPANY,
No. 11, Lombard-street,'London, E.C.
Established 1821.
Subscribed Capital, Two Millions.

DIRECTORS.
Sir Mr 6170 FARQUHAR, Bart., M.P., Chairman.
CHARLES WILLIAM CURTIS, Esq., Deputy Chairman
Henry Hulse Berens, Esq., John Labouchere, Esq.
Henry Bonham Carter, Esq. G. Shaw Lefevre, Esq.
Charles F. Devas, Esq. John Martin, Esq.
Francis Hart Dyke, Esq. Rowland Mitchell, Esq.
Sir Walter R. Farquhar, Bart. James Morris, Esq.
James Goodson, Esq. Henry Norman, Esq.
Thomson Hankey, Esq., M.P Henry R. Reynolds, Esq.
John G. Hubbard, Esq., M.P. Abraham J. Robarts, Esq.
Fredk. H. Janson, Esq. Henry Vine, Esq.
,ons.

AIID:

Lewis Loyd, Es -
I'. WhitingSkes Thorn ton, Esq.
Cornelius mine,q *jun., Esq. I Noel Esq.
Th". Ta Itlemach, Esq., Secretary I Sand. Brown, Esq., Actuary

LIF E DEPARTMENT.—UNDER TIIE PROVISIONS OF AN
ACT OF PARLIAMENT, this Company now offers to new In-
ere EIGIITY PER CENT. of the Profits, at Quinquennial
frisions, or a Low Rate of Premium without participation of
I'rotits.
Since the establishment of the Company in 1821, the
,A mount of Profits allotted to the Assured has exceeded in
~ngli value £160,000, which represents equivalent Reversionary
Bonuses of £1,058,000.
After the Division of Profits at Christmas, 1859, the Life
Assurances in force, with existing Bonuses thereon,
amounted to upwards of £4,730,000, the Income from the Liie
Vranch £207,000 per annum, and the Life Assurance Fund,
independent of the capital, exceeded £1,618,000,
LOCAL MILITIA and VOLUNTEER CORPS.—No
Extra Premium is required for service therein.
LOANS granted on Life Policies to the extent of their
'values, If such value be not less than £5O.
ASSIGNMENTS OF POLICIES.—Written Notices of, re-
e eived and registered.
MEDICAL FEES paid by the Company, and no charge
• or Policy Stamps.
FIRE DEPARTMENT.—lnsurances are effected upon
every description of property at moderate rates.
_ Losses caused by Explosion of Gas are admitted by this
uompany.

It 0 ya, A.D. 1720.
L EXCHANGE ASSURANCE
(Establish CORPORATION
r mby cha OR SE., _ rter of his Majesty George the First)
~,„'" TIRE, LIFE, AND ANNUITIES.
‘-'...oes, Royal BranchExchange, London.
OCTA:".„ Office, 29, Pall-mall.
DIRECTORS.
GEORGE N.' -,'S WIGRAM
Sir Jorm itzlrEa 11A"LA E..,!€1., Governor.
Henry Bainbridae, 11.::,,l'Ll'Y' BaY'
-"Ki"
Sub-Governor.
writim.,
oDteupuoltyla-nGdo,vEernsgo. r.
Barklohn Garrett
Curriel
oagett,leryl;
aE_ sq.
Robert Barclay, Es(7,----..
lienriAels
Earl of Leven and Melville.
Chas. Jno. Manning, Esq.
Nelson, Esq.
William Davidson, 'Esq'
3...artniczalrL.._o,,,chs't—errEsq.
. Josceline W. Percy.
Thomas Dent, Esq. '
eThhaeilea
Alexander Druce, Esq.
Fredk. Jos. Edlmann, Esq. 5, n Robinson E"
Riversdale W. Grenlell Eqsq..
Josephheath,' Somes, i, 0.8(1.31 r,
Jas. Stewart Hodgson, Esq. Chais.ailn Wallac'es, Vak—
Medical Referee, SAntur.r. SottayringanY°L,ung' ""q*
maY he effected with this
NOTICE.— file usual fifteen days alio.L,', -v .R.S.
.w.ith par_
FIRE PREMIUMS falling due at Mid f°r PaYment of
on 9th July. ummer will expire
ut such
FIRE and LIFE ASSURANCES
Corporation on advantageous terms.
In the Lite Department, assurances are granted
ticipatlon in Profits, or, at lower Premiums, with
participation.
The Reversionary Batts on British Policies has averaged
nearly`, per cent. per annum on the sum assured.
Equivalent reductions have been made iu the Premi
1 a Yable by persons who preferred that form of Bonus. urns
The divisions of Profit take place every Five years.
Any sum not exceeding £15,000 may be insured on one
Life.
This Corporation affords to the Assured—
Liberal participation in Profits—with exemption from
the liabilities of partnership.
A rate of Bonus equal to the average returns of Mutual
Societies—with the guarantee of a large invested Capital
Stock.
The advantages of modern practice,—with the security
of an Office whose resources have been tested by the ex-
perience of nearly a CENTURY AND A HALF.
The Corporation have always allowed the Assured to serve
i. the Militia, Yeomanry, or Volunteer Corps within the
Lulled Kingdom, free of charge.
ROYAL EXCHANGE, LONDON.
ROBT. E. STEELE, Secretary.