The Sun.
London, England, 1863-06-03 00:00:00

N°. 22,131.

INFANT ORPHAN ASYLUM, WANSTEAD.
REMOV
IC
NOE OF AL.
In consequence of T
the immediate Extension of the Lon-
don, Chatham, and Dover Railway across Ludgate-hill, the
Committee have been compelled to REMO vi' their OFFICES
to 100, FLEET-STREET, where, from this date, all commu-
nications are to be addressed.
By order of the Committee.
HENRY W. GREEN, Secretary.
May 5,1863.

THE ENGLISH AND RUSSIAN BANK
(Limited).
To be established under the Companies Act, 1862, for clrry-
ing en business in Russia byerial virtue of an exclusive Conces-
sion granted by the Imp Russian Government.
Capital £2,500 000, in 25,000 Shares of £lOO each,
With power to increase.
£5 per Share to be paid on Allotment.
BANKERS.
Messrs. Robarts, Lubbock, and Co., 15, Lombard-street, E.C.
BROKERS.
Messrs. Ricardo, 11, Angel-court, Throgmorton-street, E.C,

SOLICITORS.
Messrs. Ashurst, Morris, and Knight, 6, Old Jewry, E.O.
This Bank will be established under an exclusive conces-
sion from the Imperial Russian Government (limiting the
liability of the shsreholders), with permission to open estab-
lishments in such cities and towns throughout the Russian
Empire as the Court of Directors may deem proper.
This Bank will be the first established in the Russian Em-
pire on Eng,ish principles of banking. In fact, in the interior
of Russia, with the exception of Moscow, the e is virtually
no banking accommodation whatever; although, in order to
keep p ce with the rapidly increasing production and nom-
mermal development of the Russian Empire, banking facility
has become an absolute necessity.

The exports of Russia dur ng the last thirty-five years
have trebled in amount, and the average exports to England
alone, in the years 18(0, 1861, and 1862, amounted to nearly
£14,000,000 sterling per annum.

The rate charged by the State Bank at the present moment
is 54 per sent., and in the open m.rket the best mercantile
paper cannot be discounted under 7 per cent. When the high
standing of the firma engaged in the Russian trade is borne
in in nd, it is evident that the St. Petersburgh trade alone
will yield a large profitto a well-regulated Bank; and when
it is remembered that in the interior interest rules (according
to districts) at from 8 to 15 per cent., it may fairly be assumed
that the prospects of this Bank are even better than thoee of
tha-I,onillra Joint-Stock Banks, of which the four principal
have, as is well known, paid Dividends of from 15 to 24 per
cent. per annum on their paid-up Capital.
The Court of Directors will be formed from the most in-
fluential of the shareholders in accordance with the terms of
the preliminary concession already obtanied. No payment
will be required nor liability incurred until the shares have
been duly allotted.

In the meantime auplie,atiOns in the annexed form will be
received by the Brokers, Messrs. Ricardo, 11, Angel-court,
ThroMorton-street, E.C. ; and at the Temporary Offices of
the Company, 69, Lombard-street, E.C., at both of which
places the forms may be obtained.

GEORGE WARD CHALLIS, Secretary, ad int.

9111 E LONDON AND LISBON CORK WOOD
COMPANY (LIMITED).

•
CAPITAL. £lOO,OOO, IN 20,000 SHARES OF £5 EACII.
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. LEEKETKbA; K.H., RP., Chairman,
London.
George Braginton, Esq., Director of the London and Pro-
vincial Marine Insurance Company, London
Thomas Cotterell, Esq., Director of the Bank of Hindostan,
China, and Japan, London.
William Loeder, Esq., Messrs. Loeder, Knapp, & Co., Mer-
chants, New Broad-street, London.
Michael Riminuton. Esq., Banker, Torrington, London.
Count de Peniche, Peer of Portug.al,K.C,C., &c., Member of

the Portuguese begislature,liebon.
Vise9unt de Montforte, Peer of Portugal, K.C.C., Member of

the Portuguese Legislature, LisbO'n
Viscount da Praya, Peer of Portugal, K.C.C., Member of the
Portuguese Legislature, Lisbon.
Senr. M.M. Couto. D'Alberga. Freyre, Counsellor to 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.)
BANKERS.
Messrs. Barnett, Hoares, and Co., 62, Lombard-street.
SOLICITORS.
Messrs. Lumley and Lumley, 2, Moorgate-street, Bank.
SECRETARY.
Samuel Oldfield, Esq.
BROKER.
Joseph Sebag, Esq., 12, Throgmorton-street, Bank.
AUDITORS.
Messrs. Johnstone, Cooper, Wintle and Co., 5, Lothbury.
OFFICES.
12, St. Benet's-plaoe, Gracechurch-street.

This Company is formed under the highest auspices in Por-
tugal, to carry on the Cork Trade on a large scale, with ad-
vantages that hitherto have never been combined.
The. Directors have secured a large monopoly in supply for
terms of years, on Leases extending over the largest and
most renowned Cork-producing districts. These Leases
grant the sole right to take Cork in 142 forests, some contain-
ing as many as 15,000 to 30,0 0 Cork Trees, in the districts of
Montemor, itvora, Arraiollos, Es remoz. Portel, Vianna, and
Fronteira, in the province of Alem-Tejo.
The title and extent of these Leases have been ver'fied by
an independent agent at Lisbon deputed by the Solicitors of
a London Bank.
The South-Eastern Railway of Portugal will place this
large district of Cork-producing country in immediate com-
munication with the Port of Lisbon. The Reilwav is open
to Vendas Novas, and is about-, to be opened to St. Jago, and
in the present year the Branch Lines to Evora and Bela will
also be completed.
The Directors Lave 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 Algraveos, persons who, travelling Egan
forest to lorest,purchase on the ground parcels of eork,which,
at great labour and expense, they carry to Lisbon and ether
places, where it is prepared for export. The money for these
purchases is usually borrowed by them at high rates of in-
terest, frequently at 20 to 30 per cent., thereby considerably
increasing the cost of the Cork by this large item of expense.
The waste attending the preparation of the Cork for the
market is about one-half. The Company having large dis-
tricts of Cork Forest, with a central depot at he Railway
Junction at St. Jago, and the establishments in the heart of
this Cort-producing count,Y, already in full work, at Az aruj a,
Igrejinha, Alcacovas, and Portel, will be enabled to effect a
large saving in i he waste and transport alone, as the cost of
carrying Cork to the chief preparing- and shipping ports, in a
rough state, adds very considerably to the first cost of the
Corkin 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 now produce with
the inadequate and imperfect 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 Cork in England has increased since the
year 1848 three hundred per cent., and is still increasing far
beyond the actual means of supply, thus offering a certain
basis for the profitable employment of capital.
The Directors have secured last year's crop of Raw Cork,
estimated at 1,100 tons, which is in preparation, and are
therefore enabled to commence business at once, and five
sales of Cork which have already been effected from the Com-
pany's Stock, consisting of about 170 tons, have realised
about £4,090 net, in addition to which a cargo of 50 tons, ex
steamer Mavrocordatus, arrived at the London Docks 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, will not exceed £30,000.
Of this £B,OOO only being less than the estimated value of
the Company's Plant and Cork in hand, will be paid for in
cash, the remainder is to be taken in Shares of the Company
half-paid up, with the same liability for calls as all other
Shares.
The Directors will submit the following statement for the
first year, with the greatest confidence in the result.
The present Crop will produce in London, within Six
Months—
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
„ Part Rent
„ Freihtand Landing2,ooo 0 0
~Rent, Salaries, etc l,lOO 0 0

6,500 0 0

£8,500 0 0
Estimated Commission on Consignments expected by the

Company, say £1,500.
Equal to 16i per cent. upon the entire Capital about to be
called up.
The advantages possessed by this Company are-
1. The exclusive right of taking Cork over a vast extent
of Country.
2. The co-operation 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
have already arrived in London and elsewhere); and
at the first Public Sale of a part thereof, by Mr. T.
SIDNEY SMITH, of No. 42, Lombard-street, it realised
considerably more than the Price stated by the Di-
rectors in the above Statement.
The chief management of the affairs of this Company will
be vested in the Directors in London, and subject to the fu-
ture control of the Shareholders.

7fh;1;;;;Ig,n iiiiWiWiiiiWeiiipulated that not less than
10,000 of the Shares (but including those paid on purchase ac-
count) shall be offered for allotment to Subscribers in Portugal.
If no allotment be made the deposits will be returned in full.
Applications for Shares must be made in the Form annexed
to the Prospectus, and accompanied by a Banker's Draft or
Cheque upon a Banker, for a deposit of 10s. per share.
Prospectuses and Forms of Application for Shares may be
obtained at the offices of the Company, also of the Solicitors
and Brokers of the Company.

Now ready, Illustrated with Six Chromo-Lithographic
Drawings,

FOUR MONTHS IN A DAHABEEEE
A Narrative of a Winter's Cruise on the Nile.
By M. L. 3L CAREY.
1 vol. dewy am, cloth boards, price 15s.
L. Booth, 307, Regent-street, W.