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

CONSULTING REFEREE.
William Farr, Esq., M.D., D.C.L., F.R.S., General Register
°Ace, Somerset House.
RANKERS.
England—The London and County Bank, Head Office and
Branches.
Scotland—The National Bank of Scotland, Head Office and
Branches.
Ireland—The Provine,ial Bank of Ireland, Head Office and
Branches.
India—The Agra and United Serviee Bank. '
• SOLICITORS.
Messrs. Wilkinson, Stevens, and
reet. Wilkinson, Nicholas. lane,
Lombard-
MANAGER AND ACTUARY—W. J. Fred. Norfolk, Esq.
SECRETARY—M. J. Mac Cormack, 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 Companfs'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 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 be-t 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 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 limitef 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 exoenses is merely sufficient to recoup the actual
expenditure, which has been regulated throughout with the
strictest regard to edononty. •- •
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,C00 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 mouths 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 ot the Sfiareholders, 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,vid hinery, Esq., African merchant, 155, Fenchurch-street,
London.
William Vaughan Morgan, Esq , Messrs. Morgan Brothers,
Bow-lane, London.
Irving Pascoe, Esq., Beresford House, Highbury New
Park, London.
H. Selig-mann, Esq., of 3lessrs. Seligmann and Haarbleicher,
Manrhes ter.
C. Sevin, M
Es, of essrs. Sevin, Chinery, and Co. 155 Fen-
church-str q.eet, London, and Sfax (Tunis), and BaClagr,y and
Lagos, West Africa.
Benjamin S. Smith, 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.
BANKERS.—Messrs. Smith, Payne, and Smiths.
SOLICITORS.—Messrs. Howard, Doliman, and Lowther, lt
Fenchurch- street.
STOCKBROKERS.—London : Messrs. Fenn and Crosthwaite,
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 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 capita,.
was at command, by the simple system of barter carried on
with the natives.
At present Palm Oil firms the most important article of
trade with the whole coast ot 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 the 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 naively in the hands of a
few English merchants, and is susceptible of very consider-
able increase.
The Bi.ght of Benin is next in importance in the export of
Palm Oil ; according to an offs dal report of the trade in 1857,
no less than 21,172 tons of Palm Oil, of near 4850,000 value,
were exported from the factories ot Palma, Benin, Lagos,
16 ada2ry, Porto Novo, and Whydale
'Cotton' is gererallv known to be indigenous to every part
()tthe West Coast of Africa, but particularly so in the coun-
tries bordering the Bights of Benin and Biafra. In Yorub 1
Cotton forms already" one of the staple productions ot the
ttin'edit
country, and great quantities are brought regularly to mar-
eleiruolpdebrleysoeerugraendisetedraexlapregrtera supply, than hitherto ob-
lion • it is computed that
in this pro '
t vluieealone. 8,000,0001 b.
of Cotton are made up an-
nually
-.. in o native cloths for home consumption. •
ei Cotton fr
A.om.Africa is steadily increasing.
tion. The import
rter.„'eingst the numerous products of Africa one article de-
Pith... taPreelal notice, which has lately been exported in ra-
iiee that sermr
most or_neing quantities ; this is the Palm Nut Kernel,
considerable after which has hitherto been thrown away by the natives
Oil hs been extractect from the fibrous pel-
very then uts. The value of this kernel is
value to t;oena.Nn;_ it yields about 30 per cent. oil, equal in
trict of Lagos „an ; and althoueh the natives in the dis-
a rude way and withadagry no a' manufacture the Nut Oil in
very limited. greafloss, the exports of this article are
in order to secure at once
the company has seeceea— an immediate profitable trade
rangeineet with a firm vain eflecting an advantageous ar-
on a lucrative and increasin,,h has for some years past carried
their business, including v_,.,.trade with Africa, by Purchasing
on the coast, and enerazinugQ7l!.aetories, now in full operation
general staff
toyed by to ,raents, supercargoes, and
have undert, ken to assist in the erhce principals of this firm
of the business of ihe Company. 1 etion and management
The Company. therefore, is enabled to
armed on every point• and free from the- commence business
consequent on experimental trials ; ithas
asusual risk and loss
tend as far as possible to the whole we, d; in fact, only to ex-
business which is already established, and in coast of Africa a
ope-
ration in a particular and very important lonearecessful t
At.plilations for shares must be made in their oy.
m
to the Dii ectors of tee Company, at the Temperarr annexed,
a
to the Bankers or Brokers, and accompanied by y
_Offices, or
deposit of
£1 per share.

FORM OF APPLICATION FOR SHARES.
To the Directors of the London and AlricanTradino•ompany
(Limited). t,
Gentlemen,—T here:: y request, that you will allot me
Shares of £25 each in the London and African Trading Com-
pany (Limited). and I hereby thgee to accept such Shares, or
any smaller number that may be allotted to me, and autho-
rise you to place my name upon the Register ot Shareholders
for the Shares so allotted.
I am, Gentlemen,
Name in full
Residence
Profession or Business
Date 00,0~111AAA