The Sun.
London, England, 1865-11-28 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 Anglo-Swedish
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. _ _ _

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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 incoming 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.
Tho 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 whatever, either in shares or cash, is to be
made for goodwill.
The result of these arrangements will be that nearly
the wholeladditional capital subscribed will be available for
extending and developing the business of the Company ;
and the acceptance of these terms by the vendors is satis-
factory evidence of their faith in the undertaking—in fact,
this Company is not formod to pay out the vendors, but
purely to enlarge the partnership under the more conve-
nient form of limited liability.
Possession of the estates and works will be given about
the Ist J aamary next (1866), and this Company will enter
at once upon lucrative business in full operation, free from
the risks which are inseparable from newly-established
undertakings.
The Northfield Works have the exclusive manufacture
of Captain Rodger's patent indented small palmed anchors,
for which large orders from the Admiralty and many of
the great steamboat companies are now in course of exe-
cution, and the demand for which is much greater than
the present machinery of the Northfield Company enable
them to meet.

Tho 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 great 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 introduction of additional capital this Company
must realise large profits.
The services of Mr. Goransson, who has hitherto had the
management of the works and estates of the Hogbo Com-
pany, in Sweden, and who holds a large pecuniary interest
in this Company, have been secured as managing director
for Sweden.
The Memorandum and Articles of Association may be
inspected at the Offices of the Solicitors of the Company.
Prospectuses and Forms of Application for Shares may
bo obtained from the Bankers, Brokers, Auditors, and Soli-
citors ; and at the Offices of the Company.

ROYAL FREE HOSPITAL, Gray's-inn-road,
in the immediate vicinity of the Great Northern Rail-
way Terminus, King's-cross.
Patron—Her Most Gracious Majesty the QUEEN.
Vice-Patron—His Royal Highness the Prince of WALES, K.G
This Hospital, founded in the year 1828, the first to estab-
lish the principle of free admission to the sick poor, without
the delay and difficulty of Governors' orders, is wholly de-
pendent for support on voluntary contributions and L:_facies.
It affords relief to a large number of in-patients, and, in
addition to this, the average number of attendance of the
destitute sick has for a considerable period averaged between
1,000 and 4,000 weekly.
Contributions are received by the Treasurer, Edward Mu •
:erman, Esq., Nicholas-lane; also by Messrs. Contts and Co. ;
Drummond and Co. ; Glyn and Co. ; Herries and Co. ; Ransom
ftnd Cu.;
Prescott, Grote, and Co.; Smith, Payne, and Co. ;
Barclay and Co. ; W Hiatus, Deacon, and Co.; Overend, Gur-
ney, and Co.; Nisbet and Co. ,Berners-street ; I. Barred and
cis., Liverpool ; and at the Hospital. from 10 till 5.

fiTANIVII,D BAUM beoretiri.