The Sun.
London, England, 1863-07-09 00:00:00

ENGLISH WOOL SALES BY PUBLIC
AUCTION IN LONDON,
AT THE WOOL SA LE ROOMS, 54 A. MOORGATE-
STREET, LONDON, E.C.,
On WEDNESDAY, the 15th JULY, 1563.
About 1,000 Sheets, comprising. some of the best Flocks of
long and Short Wool from Kent, Sussex, Berkshire, Wilt-
shire, Hampshire, Oxfordshire, Norfolk, Hertfordshire,
Herefordshire, &c., ; and which include about 10) Sheets
of very choice Norfolk Half-bred.
Catalogues will be ready on the Morning of Sale; and fur-
ther particulars may be had on application to
BRADBURY and COOK, Wool Brokers,
17, Basingliall-st cet, London, E.C.

THE LONDON COCOA - NUT FIBRE
COMPANY (Limited).
Incorporated under the Ccmpanit s Act, 18(2, whereby the
Liability of every Shareholder is limited to the amount of
his shares.
Capital £20,000, in 20,000 Shares of £1 each.
Deposit ss. on application, and ss. on iillotment. Calls no
to exceed Is. per share. No call to be made within three
months irom the Incorporation of the Company, and sub-
segnent Calls at intervals of not less than three months.

DIRECTORS.
F. 111. Hayward, Esq., 32, or,;e-street, Hanover-square.
Major il.mford, 6, Sutlierl,wl-'street, Bol,rrave-square.
Frederick Angerstein, Esq., 133, ioane-street, and Carlton
Club.
Frank Cole, Esq., 76, Gower-street, Bedford-square.
T. Litticwood, Esq., Broom Hall, heffield.
Stevens,J. Esq,, fits, Cornhill.
With power to add to their number.
BANKERS.
The English and Irish Bank (Limited,, 25, Poultry(Limited,,
SOLICITOR.
Charles Parke, Esq., 37, bloorgate-street, E.C.
Mr. S. T. Cooper, Public Accountant, 10, Basinghall-
street, E.C.
SECRETARY—Mr. C. IL Baker.
MANAGER OF WORKS—Mr. James Lane.
Temporary Works—Arthur-terrace, II olloway.
Offices —No. 1, Sun-court, Cornhill.
ABRIDGED PROSPECTUS.
This Company is formed for the purpose of manufacturing
Cocoa-Nut Fibre Mats and Matting, under Letter
1862. s Patent
granted to George Davies, dated the 24th April,
The principal feature of Davies's Invention consists fa the
improved pile of 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 understoc d in the trade
when it is stated that matting of all descriptions, and car-
riage and door mats, Sze., have a thick fibrous pile upon the
surf ace hitherto unattained.
If no allotment be made, the deposit will be returned in
lull.
Specimens of the new and improved manufacture may be
seen at the offices of the Company, where applications for
prospectuses and shares may be made.

91HE LIFE ASSOCIATION OF ENGLAND
(Limited).
(Incorporated under " the Companies Act,1862.")
40, Gracechurch-street, London.
Capital, Half-a-Million Sterling, in shares of £5 each.
First issue, 25,000 shares.
Deposit, ss. per share on application, 55. on allotment, and
probably 10s. 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 F. 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
India).
Lewis Munro, Esq. (late H.M. Bengal Army), Cavendish
Club, W.
George Peacock, Esq. (Australian Merchant), 1, Lime-street.
square. London, E.C.
Charles G. Prowett, Esq. (Barrister at Law), 5, King's Bench
walk, Temple.

CONSULTING REFEREE.
William Farr, Esq., D.C.L., F.R.S., General Register
Office, Somerset House.
BANKERS.
England—The London and County Bank, Head Office and

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

Branches.
Ireland - The Provincial Bank of Ireland, Head Office and

Branches.
India—The Agra and United Service Bank.

SOLICITORS.

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

Lombard-street.
MANAGER AND ACTUARY—W. J. Fred. Norfolk, Esq.
SECRETARY—M. J. MacCormstek, 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 compete 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 out an entire reconstruc-
tion of the system cf Life Assurance, on a plan devised by
their Consulting Referee, by which the Association's business
transactions will be rendered perfectly equitable in opera-
tion, and afford the best security, whilst the Association will
be placed in the beg condition to fulfil its future engage-
ments. The plan in question will be well adapted to the
wants of the people, affording, all the a 'vantages 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 regard 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.

With power to add to their number.
BANKERS.—NIessre. Smith, Payne, and Smiths.
SOLICITORS.—Messrs. liowird, Dollman, and Lowther,

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, LI 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,
18, Philpot-lane, London, Chairman.
D a yid chinery, Esq., African merchant, 155, Fenchurch-street,
London.
William Vaughan Morgan, Esq, Messrs. Morgan Brothers,
Bow-lane, London.
J. Irving Pascoe, Esq., Beresford House, Highbnry New
rk, London.
Seliginann, Esq., of Messrs. Seiigmann and Ilaarbleicher,
Manehei ter.
C. Sevin, Esq., of Messrs. Sevin, Chinery. and Co., 155, Fen-
chureh-street, London, and Sfax (Tunis), and Badagry and
Lagos, West Africa.
Benjamin S. Smith, Esq., Messrs. Smith Brothers and Co.,
6, Crosby-square, London.
A. Southwood Smith, Esq., Little Stanhope-street, Mayfair,
London.

Fenchurch- street.
STOCKBROKERS.—Loudon : Messrs. Fenn and Crosthwatte,
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 ~f Africa, by bartering Manchester,
Glasgow, Birmingham, and other manufactured goods, for
Palm Oil, Cotton, Ivcry, Ground Nuts, and the various pro-
ducts of that great continent ; to throw open to the public
thebenefitof that which has hitherto been a close and pro-

fitable trade toTfevvTald,Wextendinc, its operations into
the interior, to spread at the same time the benefic•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 barter carried on
with the natives. . .

At present Palm Oil forms the most important article 01
trade with the whole coast of Africa. The production is un.
limited, so much so, that wherever the civilised trader hal
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.
'1 he export. of Palm Oil fromlhe 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 Cameroons, not more than atiout 300
miles. This trade is almost exc usively 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
Palm Oil ; according to an official 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,
Badagry, Porto Novo, and Whydali.
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
ket •tTY, and great quantities are brought regularly to mar-
t. , Properly organised a larger supply than hitherto ob-
lis
in this
could be secured for exportation ; it is computed that
Province alone. 8,000,0001 b. of Cotton are made up an-
nually into native cloths tor home consumption. The import
of Cotton from Africa is steadily increasing.
PidlyinsP
de-
serves the numerous products of Africa one article
ecial notice, which has lately been exported in rt-
n.„.
0_ creasing quantities ; this is the Palm Nut Kernel,
aear‘
that Balm
has hitherto been thrown away by the natives
value
hoe tt,4___ P.alin Oil has been extracted from the fibrous pel-
very c-01,4rrounds the nuts. The value of this kernel is
to ecooeraable ; it yields about 30 per cent. oil, equal in
trict of Lago.-Nut Oil ; and although the natives in the die-
a. rude way andnq Badagry now manufacture the Nut Oil in
very limited. With great loss, the exports of this article are
In order to ae„
the company h= at once an immediate profitable trade,
rangeMent with aneceeded in effecting an advantageous
on
a lucrative and incre
which has for some years past carried
their business, ineleatna,6ll_,Z trade wilt Africa, by purchasing
on the coast, and enga;intwir factories, now in full operation
general staff employed hygthtencir agents, supercargoes, and
have undert.ken to assist in tnh. The principals of this firm
e direction and management
of the business of l he Compan
The Company. therefore, is Inabud to commence business
armed on every point, and free frenii"
; iwtthlieas, in fact, only to ex-
made usual risk and loss
consequent on experimental trials
,eatern coast of Africa a
tend as fares possible to the whole
ocality.
business which is already established
successful ope-
Ti%ithe form annexed,
ration in a particular and very inlPortaaig in
AtTli...atiOnS for sluires must be
orary Offices, or
to the Mt ectors ot tee
,sadya ecoat trahe
to the Bankers or Brokers
Parriedby a deposit of
£1 per share.

FORM OF APPLICATION FOR stuatts.
To the Directors of the London and African Tradino• d).company
Gentlemen,—l heret.y request that you will allot me
Shares of £25 each in the London and African Tra,din, cora
pany (Limited), and I hereby agree to accept such
Shareko-
r
any smaller number that may be allotted to me. and I autho-
rise you to place my name upon the Register oY ShaTeholders
for the Shares so allotted.

I am, Gentlemen,
Name in full ............. ............ ........
Rebidence

Profession or Business
Date •au i.w.,11 •••••••••!•. .. If t.• • sumen ,