The Sun.
London, England, 1862-11-06 00:00:00

DIRECTORS.

HENSLEIGH WEDGWOOD, Esq., 1, Cumberland •place,
Regent's-park, Chairman of Price's Patent Candle Com-
pany, Chairman.
Colonel Brownrigg, C. 8., Ashford. Staines.
Dr. Guy, 26, Gordon-street, Gordon-square, Physician to
King's College Hospital.
W. F. Harrison, Esq., B,rtropps, Weybridge-heath.
James Sydney Stopford, Esq., 18, Savile-row, Director of the
Agra and United Service Bank.
James Childs, Esq., 107, Victoria-street, Westminster,

Managing Director.
AUDITOR—Edward Cheshire, Esq., 26, Old Broad-street.
BANKERS—Messrs. Williams, Deacon, and Co., Birctiin-lane.
SOLICITORS—Messrs. Wilson, Bristows, and Carpmael,
1, Copthall-buildi. gs.
SECRETARY— George Dauglish, Esq.

TEMPORARY OFFICES-5, Copthall-chambers, Throgmorton-

street.

The object of th's Company is to establish bakeries in dif-
ferent parts of London for the manufacture and Bait; of
aerated bread under Dr. Dauglish's patents,
Wherever the aerated bread has been introduced it has ob-
taine i favour with the public and support from the medical
profession by its perfect cleanliness and purity and whole-
some and nutritious qualities, and it must when supplied in
quantity supersede the use of fermented bread.
The report presented to "farliament at the close of the last
session by Mr. Tremenhere, the Commissioser appointed by
the Home-office to inquire into the grievances complained of
by the journeymen bakers, calls attention to the "great pub-
lic importance' of Dr. Dauglish's process.
In the ordinary method of making bread, the necessary dis-
tension of the dough is produced by the chemical process of
fermentation by means of yeast, which developes carbonic
acid gas by decomposing certain elements of the flour. This
process of fermentation destroys a part, and deteriorates the
whole, of the substance of the flour. It is tedious and uncer-
tain, and liable to derangement by any variation in materials,
weather, or temperature ; and it requires the close and con-
tinued attention of a master or of a steady and experienced
workman.

The new method of bread-making substitutes machinery
for skilled hand labour. The dough is distended by carbonic
acid gas, produced independently, and admitted by mechanical
means ; an operation which can be conducted on a large scale
with perfect regularity and certainty, and so rapidly that in
an hour and a-half the sack of flour is converted into baked
loaves; waste and deterioration being entirely avoided, and
the most perfect cleanliness secured, as the flour passes from
the sack into the baked loaf without being once touched by
the hand.

The long hours and exhausting night-work of the opera-
tive bakers are rendered unnecessary, and all the other evils
of the trade are entirely remedied.
A modern bakery, open to inspection, has already been
established by the patentee and his friends at Islington, at a
very moderate cost, for the purpose of proving, by the best of
all evidence—that of practical working—the beneficial and
profitable character of the process. All the bread is there
sold for cash. It is proposed that this Company shall take
over the model bakery, and establish 19 other similar bakeries
in favourable situations. The management will be of the
most simple and economical kind. Each new bakery will be
a repetition of the last of those preceding it, and will be easily
managed by an intelligent foreman ; and the whole estab-
lishment will be superintended by one expo. fenced general
manager, whose services are already secured, and who shows
his own perfect confidence in the success of the undertaking
by ag,reeing to receive no remuneration for his services till the
Company shall be in a position to pay a dividend of 10 per
cent.

On the first iscue of 10,000 shares, or £ICO,OOO, £60,000 will
be called up. With this sum the first 20 bakeries can be com-
pleted and worked. Further bakeries will be established as
the demand increases; and the Company may eventually
become their own millers. It is intended to rent in prefe-
rence to building.
No call will exceed £2 per shar., or be made at less than
two months' notice. In every increase of capital, whether
within the first £500.000 or beyond it, an option will be given
to existing shareholders to take the new shares in propor-
tion to their several holdings. The subscribers to the first
20 bakeries will thus secure to themselves the entire benefit
of an enterprise of unlimited extent, supported by a daily de-
mnnd for the first necessary of life, by a population equal to
that of Scotland, or half that of Ireland, concentrated in one
spot; whose bread consumes 60. 00 sacks of flour per week,
and costs eight millions sterling per annum. This vast po-
pulation increases at the rate of 1,000 souls per week, and
would require the annual addition of eight bakeries of the
size proposed. The enterprise, moreover, is one which, how-
ever much ft may extend itself, will require no complicated
accounts, no heavy stocks on hand, no considerable lia-
bilities.
An arrangement has been made with thepatentee, and with
Mr. Childs, who has an interest in the patents, for an exclu-
sive licence for the whole of London (including the entire
district within a radius of 10 miles from St. Paul's), at a mo-
derate fixed price per bakery, payable only as each bakery is
erected.
The Directors hope to be able to declare a divid'nd in the
course of the year 1863. Meanwhile they are happy to state
that out of the profits of the model bakery at Islington they
will be enabled to pay interest at the rate of 3 per cent. per
annum on the deposit and calls from the dates of payment
till the first general meeting in Mav next.
An estimate for the first twenty bakeries, based upon ac-
tual experience obtained by the working of the model bakery
at Islington, has been carefully prepared. It shows a clear
profit of 33; per cent. It should be understood that only
two kinds of bread arc now produced and sold, the lucrative
business of selling flour, fancy bread, and biscuits not having
yet been entered upon. These obvious and legitimate sour-
ces of profit are not reckoned upon in the estimate.
The Directors wish it to be understood that they are under
no engagement whatever to mas e any purchases or payments
which do not appear on the face of the detailed estimate
attached to the prospectus, for which application must be
made at the Offices of the Company.

Nov. 1, 1862.
Application for shares to be made to the Secretary, George
Dauglish, Esq., at the temporary Offices of the Company, 3,
Copthall-chambers, Throgmorton-street, E.C., in the ac-
companying form

To the Directors of the Aerated Bread Company (Limited).
Gentlemen,—l request you to allot me shares in
the "Aerated Bread Company (Limited)," and I agree to ac-
cept that or any less number that may be allotted to me, and
to pay the deposit thereon.
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