The Sun.
London, England, 1865-11-27 00:00:00

ABRIDGED PROSPECTUS

An arrangement has been effected to amalgamate the
very extensive iron, steel, shipbuilding, and engineering
works and estates of the Hogbo Steel and Iron Works
Company, in Sweden, with the Northfield Steel and Iron
Company, near Rotherham, in England; both of which
works are in full operation, and to form the same into a
Company, with limited liability, under the Joint Stock
Companies Act, under the name of the Auglo-S wedish
Steel and Iron Company (Limited).
The Hogbo Company, in Sweden, possesses very superior
facilities for the manufacture of steel and iron by the Bes-
semer method, and at these works, under the management
of Mr. G. F. Goransson, the Bessemer process for producing
steel first became a practical success. It has, however, been
found absolutely necessary, for the full development of the
resources of the Hogbo Company, to secure a depot for
their steel ingots, together with forging and rolling power
in England ; and the Northfield Steel and Iron Company
having already in existence extensive plant specially
adapted for the forging and rolling of steel ingots, it has
been agreed to work the two concerns under one manage-
ment and in one interest.
The whole of the estates and properties of the vendors,
including blast furnaces, rolling mills, foundries, engine
and shipbuilding works, together with stationary engines,
railways, ships, tools, &c., used in carrying on the same,
will be taken at a valuation by two valuers, one to be ap-
pointed by the vendors, and the other by the Directors of
this Company, and will be conducted on the principle as
between an outgoing and inc2ming partner.
The vendors accept as part payment of the purchase
.money the sum of £200,000 in shares of the Company, with
£l2 10s. only credited as paid up on each share, thus be-
coming proprietors of £400,000 of the capital of the Com-
pany, the whole of which the vendors agree to hold for five
years ; and that no dividend shall be payable on such shares
so held by them during such period, until the other share-
holders shall have been paid fifteen per cent. per annum on
the paid up capital.
The vendors further accept, as part payment of the pur-
chase money, the Company's debentures for £200,000, re-
deemable in three, five, and seven years.
A mortgage of £200,000, already secured on part of the
property proposed to be purchased, will also be transferred
to the new .Company.--
No payment whatetyer; either in shares or cash; is to be,
made for goodwill. -- "
The result .of these arrangements will be that nearly
the whole:additional capital subscribed will be available for
extending and developing the busiriess'of the Company ;
and the acceptance, of these terms by thecvendors is satis-
factory evidence of their faith in the pudertaking—in fact,
this Cofiapany is not formed to pay out the vendors, but
purely to enlarge the partnership under the more conve-
nient form of limited liability.
Pessession of the estates and works will be given about
the Ist ilanuary next (1866), and this Company will enter
at once kipon lucrative business in full operation, free from
the risks -rbich are inseparable from newly-established
undertakings.
The Nelthfield Works -havelho exclusive manufacture
of Captain Rodger's patent indented small palmed anchors,
for wlaich.,large orders from the Admiralty and many of
the great steamboat companies are now in course of exe-
I cution,.and the demand for which is much greater than
the present machinery of the Northfield Company enable
I them to meet. _ _
_

The use of charcoal in Sweden, instead of coke, enables
steel to be made direct from the blast furnaces, thereby
avoiding the expense of re-melting the pig iron (which is
necessary in England), and thus effects a groat saving in
the cost of production.
Taking into consideration the immense and daily in-
creasing demand for steel, there can be no doubt but that
with the iltrciduetion of .additional capital this Company
must realise large profits.
The services of Mr. Goranson, who has hitherto had the
management i•_if works a&1 estates of the llogbo :Com-
pany, in Swdtieli,-tmel.who holds a.large-pecuniary intereSt
in this Company, hate, bebn•scc'u,recl as managing director
for Sweden. _

The Memorandum and Articlesof.:A-ssociation, may,be
inspected at the Offices of the Solicitors of.the Company.
Prospectuses and Forms of Application for Shares nay
be obi tined from the Bankers, Brokers, Auditors, and Soli-
citors ; and at the Offices of the Company. •

A. • •
ONEY ADVANCED, for any period not
exceeding three years, on personal security, one or
more suret'es being requited Wording to circumstances, or
on the borrower own promissory note when a deposit is
ma borrowers
of my available security. • Apply New National Life
and Loan, Company (establiwhed 1853. 481, Oxford-street,
W.C. TITOMAS BOURNE, Secretary.

- •
PR. SCOT 'S . -MIER AND BTLTOUS
A-7 111VVER FAILING REMEDY.—Pre-
/irreSlowithoutlin-Wribrial ingredient, from the recipe of Dr.
-irdott, of Bromley,-Wilta WV be found in
&o. F
tt valnableotrohaalbliwtahloi
iTer from bilious andi liver complaints, indigestion, wind,
4pasms, giddiness, diAineos of the eyes,
!ostiveness, as a family aperientmedicine, and as a purifier
of the blood, they are truly excellent "did in their opera-
tion and grateful to the they create appetite, pro-
mote digestion, and 145 -then the whole nervous system.
3oid by W. Lanthertv-ft,', William-cross.
London, and by most druggists, in boxcs,ls. lid., and three
times the quantity in one, 2.5. 9d. Be sure to ask for
Scott's Bilious and Liver fills. The genuine arc a square
green package. with " William Lambert," engraved on the
stamp.

THE RESCUE SOCIETY wishes to add another
home to :lin 12 now in operation. Last rejected o fewer
han 455 poor, friendless, young females were from
want of FUNDS and room, making-a total of 3,087, who have
been sent away in five years. Here are brief details of a few
of the most recent cases:
F. P., aged IA, Wien, mother dead, di•serted by her father.
M. A. F., aged 3, homeles, both parents dead.
A. 8., aged 17, fallen, father dead, deserted by her mother
S. 1)., aged 15, fallen, mother dead.
C. 8., aged 15, fallen, mother dead,
A. 8., aged 16, fallen, both parents dead.
If. S., aged 14,11,meless, deserted by her parents.
M. H., aged 17, fallen, both parents dead.
C. H., aged 17, fallen, both parents dead.
A. G., aged 18, fallen, father dead.
E. K,, aged 18, fallen, both parents dead,
S. 8., aged 17, fallen, both part nts dead.
aWge.,daglse,diall7l,efna,llbeont,hb;athrepnatsrednetasd. dead.
ISLS.
The new home the Committee wish to form Would be for
young girls, almost children, from the age of 8 to 15, who
Dave been led astray from the path of virtue.
Contributions will be received gratefully by the Secretary,
Mr. Daniel Cooper, 85, Queen .street, Cheapside; or by Messrs
Barclay and cc., Lombard-street.