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

BANKERS.
The English and Irish Bank (Limited), 25, Poultry, B.C.
sowcrron.
Charles Parke, Esq , 37, Moorgate-street, E.C.
AUDITOR.
Mr. S. T. Cooper, Public Accountant, 10, Basing,hall-
street, B.C.
SECRETA.Irf—Mr. C. IL Baker.
MANAGER Or WORKS—Mr. James Lane.
Temporary Works—Arthur -terrace, Holloway.
Offices —No. 1, Sun-court, Cornhill.
ABRIDGED PROSPECTUS.
This Compuny is formed for the purposed of
Letters manufactur
Patenting
Cocoa-Nut F.bre Mats and Matting, under
granted to George Davies, dated the 24th April, 1862.
The principal feature of Davies's Invention consists in the
improved pile of the mat, an owing to the mode of weaving,
great durability is given tot he fabrio at ea
reduced cost of
manufacture.
The superiority of articles manufactured by this process
over the present method will be well understood in the trade
when it is stated that matting of all descriptions, and car-
riage and door mats, Arc., have a thick fibrous pile upon the
surface hitherto unattained.
If no allotment be made, the deposit will be returned in
full.
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.

THE LIFE ASSOCIATION OF ENGLAND
• (Limited).
(Incorporated under." the Companies Act, 1862.")
40, Graceehurch-street, London.
Capital, Half-a-Million Sterlincr, in shares of £5 each.
First issue, 25,000 shares.
Deposit. ss. per share on application, ss. on allotment, and
probably les. 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 TIM. 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.Fs.A., Gray's-inn, W.C.
Francis Lascelles, Esq. (late Civil and Sessions Judge in
In dial.
Lewis Munro, Esq, (late KM. 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., M.D., 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, Read Office and

Branches.
India—The Agra and United Service Bank.

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

Lombard-street.
MANAGER AND ACTUARY—W. J. Fred. Norfolk, Esq,
SECRETARY—M. J. MacCormaek, 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 Compsny at
Once and iurther negotiations to the same end are far ad-
vanced.
The Directors will. further carry out 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 will be rendered perfectly equitable in opera-
tion, and afford the best security, whilst the Association will
be placed in the beet condition to fulfil its future engage-
ments. The plan in question will be well adapted to the
wants of the people, affording 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 c3nstituted.
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 limitei 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 aureed 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.

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, 1802,'• with Limited Liability.
BOARD OF DIRECTORS.
VICTOR F. WEBER, Esq.. of Messrs Weber and Biddulph,
18, Philpot-lane, London, Chfurman.
David hinery, Esq., African merchant, 155, Fenchurch-street,
London.
William Vaughan Morgan, Esq Messrs. Morgan Brothers,
Bow-lane, London.
J. Irving Pascoe, Esq., Beresford House, Highbury New
Park, London.
11. Seligmann, Esq., of Messrs. Seiigmann and llaarbleicher,
Manche: ter.
C. Sevin, Esq., of Messrs. Sevin, Chinery, and Co., 155, Fen-
church-street, London, and Sfax (Tunis), and Badagry and
Lagos West Afria.
Benjamin S. Smith,c Esq., Messrs. Smith Brothers and Co.,
6, Crosby-square, London.
11. Southwood Smith, Esq., Little Stanhope-street, Mayfair,
London.

_
With power to add to their number.
BANRERS.—Messrs. Smith, Payne, and Smiths.
ScAlmous.—Messrs.lloward, Dollman, and Lowther, 141

Fenchurch- street.
STOCKBROKERS.—London : Messrs. Fenn and Crosthwalte,
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 beneficial 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 peen exclusive, and that la -g,e
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 firms the most important article of
trade with the whole coast 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 Oil from'he 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 about 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 exnort 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,
jiada2r37, Porto Novo, and Whydali.
Cotton is generally known to be indigenous to every part
pf.i he West Coast of Africa, but particularly so in the coun-
Tee bordering the Bights of Benin and Biafra. In Yoruba
Cotton forms already one of the staple productions of the
;_o_lrtry, and
great quantities are brought regularly to mar-
Z,e,;_, it Properly organised a larger supply than hitherto ob-
tained could be secured for exportation ; it is computed that
in this province alone. 8,000,0001 b. of Cotton are made up an-
n., jlyinto native cloths for home consumption. The import
of Cotton from Africa is steadily increasing.
__Amongst the numerous products of Africa one article de-
serves specialeS special notice, which has lately been exported in ra-
pidly,. increasing quantities ; this is the Palm Nut Kernel,
-2,7t.',',4 s) t which has hitherto been thrown away by the natives
e tae Palm Oil hes been extracted from the fibrous pel-
to r
lic'e that
ver ousEarrounds the nuts. The value of this kernel is
value erable ;it yields about 30 per cent, oil, equal in
trict of Lam° a-Nut Oil ; and although the natives in the
eat l dis-
very limite
a rude wayed nonstnd Badagry no v manufacture the Nut Oil in
. vvith gross, the exports of this article are
In order to seem.
ill, company has . e at once an immediate profitable trade,
a qccermeded in effecting an advantageous ar-
rangement with
on a lucrative and incr. which has for some years past carried
trade with Africa, by purchasing
their business, includineagslr
eir factories, now in full operation
on the coast, and engagbiy‘teheir agents, supercargoes, and
general taff employed
The principals of this firm
have undertA ken to assist in tt direction and management
of the business of he Company.
The Company. therefore, is enebleitibten commence business
armed on every point, and free from
E!inuallacrtsikmalyndtolos
consequent on experimental trials ; it has,u
ex-
tend as far as possible to the whole western coast of Africa a
cality.
business which is already established, an,
ration in a particular and very
Al plhations for
and
anonnapanieci orary Offices, or
sharps mustibnlePmoratzli!nn successful ope_
theform annexed
to the Ph ecors of t n e Company, at the Temp ,
to the Bankers or Brokers,
by a deposit of
£1 per share.

FORM OF APPLICATION FOR saAREs.
To the Directors of the London and AtrioanTractinc, c
(Limited). Company
Gentlemen,—l here' y request that you will allot me
Shares of £25 each in the London and African Trading corn_
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 Re;ister of Shareholders
for the Shares so allotted.
I am, Gentlemen,
Name in full .................
Residence ..........................
Profession or Business
DAte • • • • #l, ......... U." .14, ke.