The Sun.
London, England, 1865-04-12 00:00:00

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THE ECONOMIC LIFE ASSURANCE
SOCIETY.
6, New Bridge-street, Blackfriars, London.
Established 1823.
DIRECTORS.
HENRY BARNETT, Esq., Chairman.
The Right Hon. E. PLEYDELL BOUVERIE, M.P.,
Deputy-Chairman.
Alfred Kingsford Barber,Esq. Charles Morris, Esq.
Michael Biddulph, Esq. C. H. W. Acourt Repington,
kdward Charrington, Esq. Esq.
Pascoe Charles Glyn, Esq. Geo, Kettilhy Rickards. Esq.
Sir Alex. Duff Gordon. Bart. Augustus Heppe! Stephen-
Vice-Admiral Robert Gordon. son, Esq.
AUDITORS.
John Howell, Esq. John Gilliam Stilwell, Esq.
I
Henry Roberts, kaq. Richard Taylor. Esq.
Physician—Wm. Emanuel Page, M.D., Oxon, 11. Queen-
street, Mayfair.
Eargeon—Benj. Travers, Esq.. F.R.C,S., 49, Dover-street,
Piccadilly.
Solicitor —Henry Young. Esq.. 12, Essex-street, Strand.
Secretary—Alexander Macdonald. Esq.
Actuary-01 nthus Gregory Downes, Esq., F.R.A.S.

ADVANTAGES—MutuaI Assurance.
The lowest rates of Premium on the Mutual System.
The whole of the Profits divided among the Policy-holders
every Filth Year.
Assets amounting to £2,291,012
During its existence the Society has paid in Claims,
and Bonuses thereon, upwards of
Reversionary Bonuses have been added to Policies
to I he extent of 1,865,000
The last Bonus, declared in 1864, amounted to ...• 506,300
Policies in force, upwards of
The Annual Income . 805,0 0
„In
event of the Death Death of the Life Assured within the 15 days
racr, the Renewal Premium remaining unpaid, the Claim
Will be admitted, subject to the payment of such Premium.
Service in the' Militia, Yeomanry, or Volunteer Corps will
not affect the validity of Policies.
Prospectuses and full particulars may be obtained on ap-
Dilution to

ALEXANDER MACDONALD, Secretary.

THE RUSSIAN (VYKSOUNSKY) IRON-
WORKS COMPANY (Limit d).
To be Incorporated under the Limited Liabilities Act of 1862.

Capital £500,000, in 25,000 shares of £0 each.

Present issue 15,001 shares.
Deposit Z 1 on application and £4 on allotment, beyond which
it is not intended to call up more than £6 per share.
NO Call to exceed £3 per share, nor to be made at intervals

Austin DIRECTORS. Esq. (Director, •• Metropolitan Railways.")
Arthur G. Chapman, Esq. (Director, "Smith, Knight, and
M. any.")
al. Corr van der Maeren (late Judge, Tribunal of Commerce,
Brussels).
Colonel Elsey, H.R.I.C.S. (Director, "Bank of London.")
Colonel French Chairman, " Bombay and Baroda Railway.")
Mon. A. C. Hobart, 5, Berkeley-square.
John Mollett, Esq. (Director, " Ocean Marine Insurance Com-
pany.,l

SUPERINTENDENT ENGINEER.
Charles Matthaei, Esq.
BANKERS.
Bank of London, Threadneedle-street and Charing cross.
SOUCITORS.
Messrs. Edwards and Co., Delahay-street, Westminster.
ROKERS.
ISb B
ears. Robins, Barber, and Dailey, Threadneedle-street.
AUDITORS.
Messrs. C. F. Kemp, Cannan, Ford, and Co 7, Gresham-
street.
Robert Smith, Esq, 6, Great Winchester-street.
SECRETARY PRO TEM.)
Courtenay Clarke, Esq.
OFFICES.
9, Great Winchester-street, Old Broad-street.

This mny
Copa is formed for the urpose of acuirin and
extendin-2 the well-known Ironwork ps, which have g been es •:a-
blished and in successful operation for a long period at
Vuicksa, in Russia.
The Estate, which covers an a-ei, of 405,00) Fnglish acres,
and contains 35,000 inhabitants is most adv nta. eousl
situat ed on the ravigab:e river, Oka (which flows into they Volga at Nijni Novgorod), and is within 66 mile 4 of the raP-
ro vi which connects Nijni Novgorod with Moscow.
The Estate possesses an inexhaustible supply of Iron Ore
of superior quality, yielding an average of 45 per cent., and
lue Work
—s, which are now on operation and in good order,
consist of
5 Blast Furnaces.
22 Refining Furnaces.
]7 Puddling Furnaces.
15 Rolling Mills, for all kind of Merchant Iron, Sheet Iron,
td Iron Wire.
8 Large Ilammers for Sheet Iron.
125 Wire Mills
„1 Factory for making all kinds of Steam Engines.
0.. Smaller Factories for Repairing Engines.
4 Large Boiler Factory, for making Steam Boilers and
Steamboats
6 Foundries.
aPactori. s for making Scythes, Nails, &c.
Erick Kilns.
The above aro worked by 72 water wheels, of 1,050 horse
Pc'wer, besides 15 steam engines, of 478 horse power.
t. 270,000 acres of the Estate are covered with valuable
p:Abedut: and this supply of fuel, coupled with the abundance
the selling "'I cheapness of labour, has enabled the Proprietors to
troll at a much less cost than in England, whilst
this en„TIF Price in Russia is more than double what it is in
—4417, as the production within the empire is not
:cupital to the demand, and Foreign Iron (except of a parti-
ci
tar in
„ c-‘,88) is kept out of competition by the high import
umy and cost of transport.
s.it he Price at which the Company's interest in the pro-
as defined below, has been onditionally acquired, is
,0 sum of £60,000, in addition too which, an estimated sum
,21,1 X35,00n will be required to pay off existing charges on
wae propertquiry,
and it is calculated that t sum £70,000
be reed for working capital,hemaking together
X 165,000, which is the whole amount proposed to be called
'up
The profits at the present time amount to about 537,000
asilver roubles (about £70,000 sterling) per annum, subject,
tWever, to a reduction of 72,000 roubles, being interest
5 per cent., and sinking fund on a debt of 1,200,000
roubles duo to the Russian Government, thus leaving a
net annual profit of 465,000 roubles (£60,000). By ar-
rangement with the Proprietors, and hypothecation or
utortgage to the Company of their reserved interest in the
state, 87,000 roubles (£11,000), being about 7 per cent.
Per annum upon the whole capital proposed to be called up,
is guaranteed to be first paid to the Shareholders of the
Company ; of the surplus profits (378,000 roublT3, or
X 49,000), three-fifths will belong to the present Proprietors,
and two=fifthsto the Shareholders, for a period of 37 years.
Thus, on an estimate of the profits at the present time, and
without considering the improvements likely to result from
au increase of capital, a dividend of about 20 per. cent. per
annum is shown:upon the capital (X 165,000) required to be
called up. In the above estimate no account has been taken
of the profits upon the manufacture of steam engines,
boilers, &c., and it is anticipated that by the introduction
of further capital and the development of the works, the
returns will be more than doubled.
It is intended to create a Sluicing Fund for the purpose
of returning to the Shareholders at the expiration of the
thirty-seven years, when the interest of the Company will
cease, the whole amount of the capital called up. On the
determinationa of the lease the Proprietors bind themselves
valuationdeduc t
ofamcandeepr e allpresent
n tt the
value,
or t yp
ay tabove?t
hg re ocuonmd
and,
a
after g
pany one-half of the difference in cash. Thus, in addition
to receiving a highly remunerative dividend during the
thirty-seven years, at the end of that time the whole of
their Capital will be returned to the Shareholders with a
considerable Bonus.
It is believed that the Russian Government will grant a
concession for the construction of a railroad to pass through
the Estate, and connect the Nijni Novgorod and Moscow
line with Riazan and Tonle., which, as will be seen from
the map accompanying the prospectus, is the centre of a
group of Russian railways now in course of construction,
and is situated in the midst of the most flourishing manu-
facturing districts of the empire.
Plans of the Estate and Works, the engineer's report,
and other documents on which the above statements are
founded, may be inspected at the offices of the Company.
Applications fox Shares to be made in the accompany-
ing form. In the event of no allotment being made, the
deposit will be returned in full. Should a less number of
Shares be allotted than are applied for, the deposit will be
made available towards the payment on allotment, and the
balance, if any, returned to the applicant.
Prospectuses and Forms of Application for Shares may
be obtained at the Offices of the Company, and of the
Bankers, Brokers, and Solicitors.

FORM OF APPLICATION FOR SHARES.
(To be retained by the Bankers).
No.—
To the Directors of the Russian (Vvksounsky) Ironworks
Compan (Limited).
Gentlemen,--Having paid to your Bankers, 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 I agree to accept
such Shares, or any less number you may allot to me; and
I agree to pay the sum of £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.
Usual Signature ................
Name in full
.........
.... ..
.........
Residence ...................
Profession ..........
Date .

1865,

DR. SCOTT'S LIVER AND BILIOUS
PILLS.—A NEVER FAILING REMEDY.—Pre.
:Jared without any mercurial ingredient, from the recipe of Dr.
Scott, of Bromley, Kent, will be found invaluable to all who
suffer from bilious and liver nomplaints, indi,ge3tion, wind.
41a8rila, giddiness, dizzinessof the eyes, For habitual
costiveness, as a family aperient medicine, and as a purifier
of the blood, they are truly excellent; mild in their opera-.
*ion and grateful to the stomach, they create appetite,
pro-
mote dizestion, and strengthen the whole nervous system.
Sold by W. Lambert, 8, King William-street, Charing-cross.
London, and by most druggists, in boxes,ls. lid., and three
Ilmee the quantity in one, 2s. 9d. Be sure to ask for Dr.
b3ottia Bilious and Liver Pills. The genuine are a square
stamp green Package. with " William Lambert," engraved on the