The Sun.
London, England, 1865-04-05 00:00:00

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SECRETARY.
11. T. Robinson, Esq.
Temporary Offices—Nos. 17 and 18, Cornhill, E.C.
This Conipany is incorporated for the purpose of supply-
ing, under circumstances peculiarly advantageous .to the
Shareholders, the great demand for wharves, sites for manu-
factories, ship-building yards, and graving docks within
the port of London, which the natural increase of trade,
combined with the removal of existing water frontage by
the formation of the Thames Embankment, and other me-
tropolitan improvements, has created.
m en
The Company is incorporated by a special Act of Parlia-
t passed last session, by which is obtained power to
acquire a large tract of land at Millwall, consistin_g of up-
wards of 198 acres of freehold land adjoining the East and
West India Docks. This land will be rendered available
for the purposes above-mentioned, by the construction
within its area of large docks or basins, with access for the
largest vessels both from Blackwell and Limehouse
Reaches ; so that the deep water frontage thus created by
the works will become immediately valuable in the highest
degree for wharves, granaries, manufactories, ship-building
yards, and similar purposes ; and, from the water being
always kept at high level, the saving of time and cost in
all operations of lighterage, loading and unloading, which
may be effected without respect to tides, will render this
site far more valuable than land abuttine, on the Thames
itself.
The proposed works will also include the construction
of public Graving Docks of the largest dimensions, capable
of receiving vessels of even greater size than. H.M. iron-
clad ship Warrior, and of accommodating H.M. frigate
Northumberland, now building on the premises of the
Millwall Ironworks, immediately adjoining this Company's
property. It is a remarkable fact that for the immense
mercantile fleet of the Port of London there is but one
public graving dock on the Thames of sufficient capacity
to take in a vessel of even ordinary dimensions. All the
other graving docks are in the hands of private builders, who require to execute the works and repairs themselves ;
and it is therefore not unusual for ships to be sent from the
Thames to Southampton, and even to Liverpool, to be
docked for repairs.
From the circumstance of the area proposed to be occu-
pied lying on an average about ten feet below high-water
mark, the works will be executed with unusual facility,
the material excavated being used to raise the adjoining
land to a convenient level above high-water.
The main roads which traverse the site of the proposed
works afford good access to them ; and application is being
made to Parliament in the present session by the Black-
wall Railway Company for an extension of the Blackwell
and North London Railway systems, by which direct
railway communication will be afforded for the whole of
the Company's works, wharves, and docks with the entire
railway system of England.
As a Land Company, the present undertaking has enor-
mous advantages from the unusual ample powers granted
by its special Act of Parliament, by means of which it will
become possessed, after appropriating about 56 acres for
the Docks and Graving Docks, of upwards of 140 acres,
with a water frontage of more than 10,000 feet, and from,
400 to 800 feet in depth—the whole of which, on comple-
tion of the Docks, will become immediately available for
letting, on building leases at freehold ground-rents. Be
sides this source of revenue, estimated to produce upwards
of £50,000 per annum, the Company will also derive a
further large income of about £40,000 per annum, the rents.
of the Graving Docks, and from dues and charges from the
docks, basins, wharves, &c., making a total estimated re-
venue of £90,000 per annum.
In calculating the estimate of dividends very much will
depend upon the mode found most practicable in dealing
with the income of the Company ; if the ground-rents
should be capitalised and sold as they accrue, and taking
them at thirty years' purchase, it is estimated that
within a period of five years the capital, including the ad-
ditional amount intended to be applied for to complete the
works, will have been repaid, with a bonus of upwards of
75 Per cent., and the revenue of the docks and royalties and
dues still be available -for dividend to the Shareholders ;
should, however, the whole rentals and revenues be main-
tained in hand, a dividend (after providing for expenses,
interest debentures,on. &c.) may fairly be looked for at the
rate of 10 percent, per annum, and, when it is considered
that the gprt of this is from freehold ground-rents,
the valuable description of the property this Company pos-
sesses will be at once apparent.
The Directors have much pleasure in being able to an-
nounce that the whole of the works
will be undertaken by
Messrs. Relk and Aird, the eminent Contractors, and that
a contract for the first portion to be executed has been
entered into with them, and arrangements made for the
PayMent by them of interest during construction of the
works at the rate of 6 per cent per annum on the Share
capital paid up by instalments, and of 7 per cent per an-
num on all Shares applied for and allotted as fully paid-up
Shares. The interest will be payable at Messrs. Glyn and
Co.'s Bank, half-yearly, on 31st March and 30th Septem-
ber in each year. The first payment will be made 30th
September, 1865.
It is believed that so sound a scheme, and one which so
specially addresses itself to the investor, is seldom brought
before the public. The basis of the enterpriee being free-
hold land and ground-rents
removes from it all character
of speculation, so often the leading feature in public com-
panies ; and as a British and home security it will doubt-
less be appreciated by those who, while expecting good
profits upon their investments, yet look for solid security.
An accompanying plan shows the whole of the works as
proposed when complete.
gCopies of the Act of Parliament and plans may be seen
ethe Offices of the Solicitors. Applications for Shares in
accompanying form may be made to the Secretary, at
the Office:3 o the Company ; or to the Credit Fonder and
Mobilier off England (Limited), 17 and 18, Cornhill ; also
t 95,
thei Imperial Mercantile Credit Association (Limited),
bun hopsgate-street Within; to the Bankers and Brokers;
of o application will be entertained unless the deposit
w 1 per Share on the number applied for has been duly
paid to the Compan
ent being mace
promptly returned to Bankers. In the event of no allot-
in
f the applicant, the deposit will be
28th March, 1865.11 111
PQM OP APPLICATION FOR £5 PAID SHARES.
Bearing 6 Per cent interest during construction.
No. (To be retained by the Bankers).
To the Directors of the Millwall Freehold Land and Docks
mpan
and 27 2yB gvinecot„rpocapr.ated by Special Act of Parliament,
255, 25th July, 1864, under the title
__Gentlemen,--naving
of the Millwall Canal Company).
yr Brenham:
paid to your Bankers, Messrs.
(A; Mills, Currie, and Co , the sum of £ being
odePmpa"niyt (,)fI h4elrepab Shares in the above
sf;lithat
number, and I agree to you will allot me that
accept such Shares, or any less num-
ber you ma-
y alalgr ot to me, and I agree to pay the sum of X 4
per Share on allotment, and I authorise you to insert my
name on the Register of Members for the number of Shares
allotted to me.

NUsual
in
fullgnature
Residame
Profeence
Or if fully .......................
ssion
.. are
........................ , 1865.
paid-u Date
required, on the following
form :
p Shares
FORM OF APPLICATION POI 117LLY PAID-UP
SHARES.
Bearing 7 per cent. interest during construction.
(To be retained by the Bankers).
No.
To the Directors of the Millwall Freehold Land and Docks
Company (Incorporated by Special Act of Parliament,
27 and 28 Inc cap. 255, 25th July, 1864, under the title
of the Millwall Canal Company).
Gentlemen,—Having paid to your Bankers, Messrs.
Glyn, Mills, Currie, and Co., the.sum of £ , being
a deposit of 41 per Share on Shares in the above
Company, I hereby request that you will allot me that
number of fully paid-up Shares, and I agree to accept such
Shares, or any less number you may allot to me, and I
agtee to pay the sum of £l9 per Share on Allotment, and
I authorise you to insert my name on the Register of
Members for the number of Shares allotted to me.
Usual Signature
Namein full
Residence
Profession

~1865.

THE MILLWALL FREEHOLD LAND and
DOCKS COMPANY.
NOTICE IS lIEREBY GIVEN, That the Share Lists of
thls Company will be Closed THIS DAY, WEDNESDAY,
the sth April, at t`uur o'clock p m., for London ; and at
Twelve o'clock noon TOMORB.OW, THURSDAY, the 6th
April, for Country applications.
By order of the Board,
II T. ROBINSON, Secretary.
Temporary Offices-17 and 18, Co
Apr:ls, I.os,rnhiP,

A.ILORS' ORPHAN GI:R
i no iiE, Hampstead. Office 3. 77 SCHOOL and
, Cornhiil.
PATRON—The QUEEN.
TRUSTEES. Cant. the lion. Francis Mande, I The Rev. Canon r hampney
R.N.
Thomas Baring, Esq., 11LP.g
TREASURERS.
R. C. L. Bevan, Esq. 1 Robert Hanbury, Esq.
This Institution is designed to supply a great national
want, viz., an asylum for the orphan daughters of sailors in
the Royal Navy and Merchants Service and of Marines.
It clothes, maintains, and educates them for domestic
service and provides a home free of exoense for former
inmates while out of situations, thus shielding them from the
temTptations they might otherwise be exposed to.
he Committee earnestly APPEAL for CONTRIBU-
TION to meet the inereasicg applications through the
Ssnt torms and loss ( 1 life at sea, and to enable them
even ually to obtain premises more commensurate with the
necessities of this great maritime country, which loses 2,000
salons annually bY casualties alone, without including twee
who may perish by war
_Subscriptions thankfully received by the banker,', Messrs.
;.sarelav, Bevan, and Co., Lombard-street, and by the Secre-
iarY, at time Offices, No. 77, Ccrnhill.
It. SWEETING, Hon. Sim.
CHARLES NASH, Sec.