The Sun.
London, England, 1863-06-02 00:00:00

THE LONDON AND LISBON CORK WOOD
COMPANY (LIMITED).

CAPITAL. £lOO,OOO, IN 20,000 SHARES OF £5 EACH.
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.

DIRECTORS.

SIR HENRY J. LEEKE, K.C.8., K.H., 31 P., Chairman, 1
London.
George Braginton, Esq., Director of the London and Pro-
vincial Marine Insurance Company, London
Thomas Cotterell, Esq., Director of the Bank of Ilindostan,
China, and Jalan, London.
William Loeder, sq., Messrs. Loeder, Knapp, b Co., Mer-
chants, New Broad-street, London.
Michael Rimington. Esq., Banker, Torrington. London.
of
Count de Peniche, Peer of Portugal, K.C,C.. &c., Member
the Portuguese legislature, Lisbon.
Viscount de Montforte, Peer of Portugal, K.C.C., Member of
the Portueuese Legislature, Lisbon
Viscount da Praya, Peer of Portugal, K.C.C., Member of the
Portuguese Legislature, Lisbon.
Sent MM. Couto. D'Alberga. Freyre, Counsellor to H.M H.M.
the King of Portugal, ex- Member of the Cortes, K.C.C.,
K.T S., Managing Director in Portugal, Lisbon.
(With power to add to their Number.)
NKS.
Messrs. Barnett, Hoaß Ares, an d ERCo., 62, Lombard-street.
SOLICITORS.
Messrs. Lumley and Lumley, 2, Moorgate-street, Bank.
SECRETARY.
Samuel oldfield, Esq.
BROKER.
Joseph Sebag, Esq., 12, Thromorton-street, Bank.
AUDITORS.
Messrs. Johnstone, Cooper, Wintle and Co., 5, Lothbury.
.
OFFICES.
12, St. Benet's-place, Gracechnrch-street.
This Company is formed under the hifhest auspices in Por-
tugal, to carry on the
haverade on a arge scale, with ad-
vantages that hitherto never been combined.
The Directors have secured ala monooly in supply for
terms of years, on Leases extend
fenuova. the largest and
most renowned Cork-producing
,t.T;iohenciiesi Leases
grant the sole right to take Cork in 142 forests
grant
as many as 15,000 to 30,0 0 Cork Trees, contain-
. ..... stricts of
Atontemor, evora, Arraiollos, Efuremoz, Portel, vianna, and
Fronteira, in the province of Alem -.1 ejo.
The
an independent agent at Lisbon deput,d by the Solicitors of
by
a London Bank.
The South-Eastern Railway of Portugal will place this
large distt ict of Cork-producing country in immediate com-
munication with the Port of Lisbon. The It ,ilwav is open
to Vendas Novas, and is about to be opened to St. Jago, ane
in the present year the Branch Lines to Evora and Bei a will
also be completed.
The Directors have secured for 96 years ample land adjoin-
ing the Railway Junction 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 Algrayeos, persons who, travelling from
forest to forest,purchase on t,hteheeronuand parcels of Cork,which,
at great labour and expense
to Lisbon and ,ther
places, where it is prepared fbr expo
purchases is usually borrowed by them at The money
for these
rates ot in-
terest, frequently at 20 to 30 Per cent , thgeereffaincool.siderably
increasing the cost of the Cork ey this. lar
The waste attending, the preparation of the Col4xfterntshee
market is about one-h.lf. 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 Az
arui a ,
Igrejinha, Alcacovas, and Portel, will be enablei to effect a
large saving in the waste and transport alone, as the cost of
carrying Cork to the chief preparing and shipping ports, )11 a
rough state, adds very considerably to the first 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 new produce with
the inadequate and imperf'ct 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-
creased by the superior available means of the Company to
at least double the amount formerly obtained. The demand
and consumption of C, rk in England has increased .ince the
year MIR three hundred per cent., and Is still increasing '
hey.?.nd the actual means of supply thuss Offeringinereaascinergtatinar
basis for the profitable employment'ot capitalni RawanCdoarkre.
The Directors have secured last year'
therefore enabled to commence business at Once, and five
sales of Cork which have already been 4 treated from the Corn-
k, consisting of abut 170 tons, have realised
pony'
aboutS£4B,lo net, in addition to which a cargo of so tons, ex
steamer Mavrocordatus, arrived at the London Doeles 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,
es t i exceed
nltestimated
v
(30,000,
Of Of this Ssooo only being less thanthe
the Co mpany's Plant and Cork willinhand, be pa
cash, the remainder is to be takenoftheidforin
in Shares Company
ball-paid up, with the same liability for calls as all °the,.
Shares.
The Directors will submit the following statementreslt
M for the
first Year, with the greatest confidence in the u
The p
f esent Crop will produce in London, within Six
onths
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 £15,000 0 0
Part Rent
.. Freight and Landing2,ooo 0 0
*, Rent, Salaries, &c.,. 1,100 0 0

E,500 0 0

£8,500 0 0
Estimated Commission on Consimmeots expected by the
Company, say £1,500.
Equal to 16i per cent. upon the entire Capital about to be
called bp.
The advantages posses ed by this Company are-
1. Theof Country exclusive right of taking Cork over a vast extent
2. The co-uveration 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
at the
have alrefirsta,ty
Purrbic ived
Sale ot aha London and elsewhere); and
part thefeof, by Mr, T.
SIDNEY SMITII, of No. 42, Lombard-street, it sal
ponsiderably m re than the Price stated by the Di-
rWtors in the above Statement.
chief management of the affairs of this Company will
The the Directors in London, and subject tothe fu-
be vested hl
lure conti',9l of the Kaye stipulated that not less than
shareholders.
The Foreign
(but including those r aid on purchase ac-
10,000Director4
of the Shared
shall be offered tot' . a llotment to Subscribers in Portneal.
count) -leoosits will be returned in full.
If no allotment be made the , . .q de in the Form annexed
Applications for Shares must be m,
to the Prospectus, and actonlVan— iot jog. per share.ied by a Banker's Draft or
cheque upon a Banker, for a dept"
Prospectuses and Forms of Application for Shares may be
obtained at the offices of the Company, ails° of the F.olioitors
4114Brokera of the Company.