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

This Company is incorporated for the purpose of supply-
ing, under circumstances peculiarly advantageous to the
Shareholders, the great demand for whary es,
sites for manu-
factories, ship-building yards and graving docks within
the port of London, wh ,
the ntural increase of trade,
combined with the re oval of exisating water frontage by
the formation of the Thames Embankment, and other me-
tropolitan improvements, has created.
The Company is incorporated by a special Act of Parlia-
ment passed last session, by which is obtained power to
acquire a large tract of land at-Millwall, consisting 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 Blackwall and Liraehouse
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 abutting on the Thames itself.
The proposed works will also include the construction
of public Graving Docks of the largest dimensions, capable
of receivinc, 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 Ironwork's, 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
pnblic 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
clocked for repairs.
Prom the circumstance of the area proposed to be occu-
pied lying on an average about ten feet below high-water
mark, the works will bo 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 Blackwall
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 inunediately 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 duos 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 on debentures, &c.) may fairly be looked for at the
rate of 10 per cent. per annum, and, when it is considered
that the greater part 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. lielk 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, hall-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 enterprise 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.
Copies of the Act of Parliament and plans may be seen
at the Offices of the Solicitors. Applications for Shares in
the accompanying form may be made to the Secretary, at
the Offices of the Company ; or to the Credit Fonder and
Mobilier of _England (Limited), 17 and 18, COrnhill ; also
ImPenal Mercantile Crt Association (Limited),
95, isishopsgate-street Within; tooth e Bankers and Brokers ;
but no applicationwill be entertained unless the deposit
of
paid.E per Share on the number applied for has been duly
to the Companys Bankers. In the event of, no allot-
ment being made t
full. applicant,
promptly returned in°the deposit will be
28th March, 1865.

FORM OF APPLICATION
Bearing£s 6 per cent. interest (luring construction.
(To be retained by the Bankers).

N
To the Bio.
rectors of the Minivan Freehold L
Company (Incorporated by S and and Docks
pecial Act of Parliament,
27 and 28 Viet., cap. 255,864 il 25th JulJly, , under the title
of the Mlwall Canal Company).
Gentlemen,—llaving paid to your Bankers, Messrs.
Glyn, Mills, Currie, and Co., the sum of £ ,being
a deposit of £1 per Share on Shares in the above
Company, I hereby request that you will allot me that
number, and agree to accept such Shares, or any loss num-
ber you may allot to me, and I agree to pay the sum of
f.. 4
per Share on allotment, and 1 authorise you to insert my name on the allotted to meßegister of Members for the number of Shares

NUsual Signature ........................
Residame in
..................... ......
Profence
..............................
ession
........................ . ..... Or
Date ................ . ...... .. , 1865.
form if fully paid--
up Shares are required, on the following
:
P01;11 OP APPLICATION
SHARES
FULLY' 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 Viet, 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 £1 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
agree to
.pay the sum of £l9
per Share on Allotment, and
I authonse you to insert my name on the Register of
Members for the number of Shares allotted to nie.
NUsual Signature .....................
Rame in full ................ . ..........
Pesidence .......................... -
Drofession ................
ate ..........
T'

~1865,

HE MILLWALL FREEHOLD LAND and
DOCKS COMPANY.
NOTICE IS HEREBY GIVEN. That the Share Lists of
this Company will be Closed on CV EDNESDAY next, the
6th April, at rcur o'clock p m., for London ; and at Twelve
o'clock noon on T lIURSDAY next, the 6th April, :or Conn-
try applications.
_

By order of the Board,
IL T. ROBINSON. Secretary.
Temporary Offices—17 and 18, Cornhill,
31st &larch lt 85.

SAILORS' ORPHAN GIRLS'
SCHOOL and
.11011 E, Hampstead. Offices 77 Cornhill.
rs'-'
Pa:mow—The QUEEN.
TRUSTEES.
Cant. the lion. Francis Maude, I The Rev. Canon Charnpneya
R.N.
I Thomas Baring, Esq
TREASURERS.
R. C. L. Bevan, Esq. 1 Robert llanbury, 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 expense for former
inmates while out of situations, thus shielding them from the
temptations they might otherwise be exposed to.
The Committee earnestly APPEAL for CONTRIBU-
TIONS to meet the increasicg applications through the
recent storms and loss a 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
sa,lors annually by casualties alone, without including tuose
who may perish by war.
13arcSubscriptions thankfully received by the bankerP, Messrs.
lay, Bevan, and Co., Lombard-street, and by the Secre-
rY, at the OffiCs, No. 77, Cornhill.
It. SWEETING, Hon. See.
CHMILES NASH, See.