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

Capital £20,000, in 20,00 Shares of £1 each.
Deposit ss. on application, and ss. on allotment. Calls not
to exceed ss. per share. No call to be made within three
months from the Incornoration of the Company, and sub-
sequent Calls at intervals of not less than three months.

DIRECTORS.
F. M. Hayward, Esq., 32, (3(orge-street, Hanover-square.
Major Bamford, 6, Sutherland-street, Belgrave-square.
Frederick Ang,erstein, Esq., 133, B,oone-street, and Carlton
Club.
Frank Cole, Esq., 76, Gower-street, Bedford-square.
T. Littlewood, Esq , Broom Hall, Bheffield.
J. Stevens, Esq.. Ar, Cornhill.
With power to add to their number.

TUNNEIIB.
The English and Irish Bank (Limited, 25, Poultry, E C.

SOLICITOR.
Charles Parke, Esq., 37, ➢tcorgate-stte^t, E.C.
AUDITOR.
Mr. S. T. Cooper, Public Accountant, 10, Basingliall-
street, E.C.
SECRETARY—Mr. C. 11. Baker.
.„
MANAGER or WORKS—Mr. James Lane.
Temporary "Works—Arthur -terra-e, Holloway.
Offices —No. 1, Sun-court, CornhilL

AIIIIIDGF D,YROSPECTUS.
This Company
is tormedhfor th• purpose of manufacturing
Co s-'ant F bre Mats and Matting. under Letters latent
granted to George Davies, dated the 2Oh April, 1862.
The principal feature of Davies's Invention consi
fsts in th
improved pile of the mat, am :Lowing to the mode o weaving,e
great durability is given to the fabric at a reduced cost of
manufacture.
The superiority of articlei manufactured by'
this process
over the present method will be well understo• d in the trade
when it is stated that matting of all descripiions, and car-
the
riage and door mats, Am, have a thick fibrous pile upon
surface hitherto unattained.
If no allotment be made, the deposit will be returned in
proved manufacture may be
Specimens of the new and im
seen at the offices of the Comp where a
any.applications for
prospectuses aid shares may be made.

THE LIFE ASSOCIATION OF ENGLAND
EE (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 applPation, ss. on aPotment, and
probably les. not less than three months after, beyond
which no further Call is contemplated.

DIRECTORS.
General Boileau, F.R.S., F.R.A.S. (late Bengal Engineers).
George Buchanan, Esq. (G. Buchanan and Co., 25, Bucklers-
bu.
" Georg - Chamb'sa. Escf....4l3lreeto4-lAoleit—entl,AHamburg
Exchange Bank).
Major Frederick Ditrnas (late H. 31, Madras Engineers),
Croydon.
Edward F. Elliot, Esq. (late Chid 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
Neilgherry House, St. John's-wood Park.
Lewis Munro, Esq. (late I.M. Bengal Army), Cavendish
Club, W.
George Peacock, Esq. (Australian Merchant), 1, Lime-street-
square. London, B.C.
Charles G. Prowett, Esq. (Barrister at Law), 5, King's Bench-
walk, Temple.

CONSULTING REFEREE.

William Farr, Esq:,-iii5:;i526.17,-F—.1.1., General Register

office, Somerset'llouse.

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

Lombird-street.
MANAGER AND ACTUARY—W. J. Fred. Norfolk, Esq,
SECRETARY—M. J. Mac Cormack, Esq.

The Dir(ctors 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 fora 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 Company at
once: and further negotiations to the same end are far ad-
•auced.
The Directors will further carry out an entire reconstruc-
tion of the system ( f 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 td' the
wants of the people, aflording, all the alvantages 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-
tong.
The value of Insurance Shares as an Investment, evidenleed
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 liabilty of the shareholders is limited to the amount
unpaid on their shares.
Local Boards in the principal Cities and Towns of the
United Kingdom will be selected from the most influential
shareholders.
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.
Peposit on Application, .£1 per Share. Payment on Allot-
ment, .£1 per Share. No Call to exceed £s,•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 DIRECTORR.
VICTOR. F. WEBER, Esq.. of Messrs Weber and Biddulph,
18, Philpot-lane, London, Chairman.
DR vid • 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.
H. Seligmann, Esq., of Messrs. Seiigmann and Iharbleicher,
Manchester.
C. Sevin, Esq., of Messrs. Sevin, Chinery. and Co., 155, Fen-
church-street, London, and Sfax (Tunis), and Badagry and
Lagos, West Africa.
Benjamin S. Smith, Fsq., Messrs. Smith Brothers and Co.,
6, Crosby-square, London.
IT. Southwood Smith, Esq., Little Stanhope-street, Mayfair,
London.

With power to add to their number.
BANKEns.—Messrs. Smith, Payne, and Smiths.
SoLlerroas.-31esers. Howard, Dollman, and Lowther, 14
Fenehurch-street.

STOCKBROKERS.—London : Messrs. Fenn and Crosthwalte,
3, Royal Exchange-building's.
Temporary Offices—Colonial House, Fenchurch-street, City.

- .
This Company is formed to carry on a trade with the na-
tives on the West Coast et 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 been exclusive, and that large
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 foams 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 the Bight of Biafrahas proved
to be on the average about 40,000 tons a year, representing a
vaine of about £1,1300,000, 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 usiv,ly 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,
Baga2ry, Porto Novo, and Whydah.
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 Thal ra. In Yorubt
Cotton forms already one of the staple productions or the
country, and great quantit,es are brought regularly to mar-
ket ; i properly organised a larger supply than hitherto ob-
tained could be secured for exportation ; it is computed that
in this province alone. 8,060,0001 b. of Cotton are made up an-
nually Into native cloths for home consumption. The import
of Cotton from Africa is steadily increasing.
Amongst the numerous products of Africa one article de-
tterves.special notice, which has lately been exported in ra-
pidly increasing quantities ; this is the Palm Nut Kernel,
most of which has hitherto been thrown away by the natives
after the Palm Oil has been extracten from the fibrous pel-
licle that surrounds the nuts. The value of this kernel is
very considerable ; it yields about 30 per cent. oil, equal in
value to t;ocoa-Nut Oil ; and although the natives in the dis-
trict of Lagos and Badagry now manufacture the Nut Oil in
a rude way and with great loss, the exports of this article are
very limited.
In order to secure at once an immediate profitable trade.
the company has succeeded in effecting an advantageous ar-
rangement with a firm which has for some years past carried
on a lucrative and increasing trade wilh Africa, by purchasing 1
their business, including their factories, now in full operation
on the coast, and engaging their agents, supercargoes, and
general staff' employed by them. The principals of this firm
1012,y!? undertAen to assist in the direction and management
f the business of he Company.
arra",cdmPallY. therefore, is enabled to commence business
on every point, and free from the usual risk and loss
t"ehuocieliu7nt on experimental trials ; it has, in fact, only to ex-
ar as Possible to the whole western coast of Africa a
ration iuwallich is already established, and in successful ope-
t o the
A,Djaatiparticular and very important locality.
to the Bank,
ph
ecotn: for shares must be made in the form annexed,
£1 per share.
nris_ot the Company, at the Temporary Offices, or
or Brokers, and accompanied by a deposit of

FORM OF APPLICATION
To the Directors of the FOR SHARES.
London and African Trading Company
Shares
each in hof ,--I heret
ty:(Limited).
nest that you will allot me
125 Tadon and African Trading Com-
PanY (Limited), and I here].)
to accept such Shares, or
any smaller number that maY.neree
the
to me, and I autho-
rise you to place my name upon
for the Shares so allotted. tile Register of Shareholders
I am, Gentlemen,
Name in full ..
Residence
4 ................... .........
. Profession or littai ............
Date .......... . ..... ......
.. _ _

Ag
.ant assort-
( ORNAMENTS for the Drawing..roo,„
N-, and Dining-room, consisting of a new and e` •' • Library,
invent ct VASES, Figlites, GrOUpS, CgUtClleatiOkti
atimds, beautiful inlaid Tables, Paper weights, itruska,lnk-
Alabas'cr, Parian, Marble, Bronze, Derbyshire. 1 laian,
imported and manufactured by JAMES TgzrsAikrlars,.._, am.
ralogist to her Majesty, 149, stand, W.C., Lonuon. ' fie.
Mr. Tennant arranges elementary collections of 811ELL8
MINERALS, ROCKS, and FOSSILS, which will greatl4
facilitate 'he interestng study of MINERALOGY, cog_
CHOLOGY, and GEOLOGY, at 2, 5,10, 20, 50, to 100 erni.elm
each. ....
PRACTICAL INSTRUCTION in GEOLOGY and ydraE.
ILALOGY is given by Mr. TENNANT, at 149, strand, W.O.
1