The Sun.
London, England, 1865-04-05 00:00:00

The CREDIT PONCIER arid MOBILIER of ENGLAND
(Limited', in conjunction with the IMPE RIAL MERCAN-
TILE CREDIT ASSOCIATION (Limited), are prepared
to RECEIVE SUBSCRIPTIONS for the CAPITAL. of
THE
MILLWALL FREEHOLD LAND and
Inco.p rstm DOCKS COMPANY.
2°A 'Ks sPeCial Act of Parliament 27 and 23 Vie., cap.
250)5/11, p--,,..°1113', 1864, under the title of the Mdlwall Canal
The lioynt
Inte—re;tyfof the shareholders is limited to the amount of
their shares.
41*.ng construction is guaranteed at 7 per cent. per
Vilt;iura uPon the full, paid=up shares, and at 6 cent. up n
31st March
by instalments. Interest payable half-yearly, on
march and 35th. Septber each ear.
Capital, £510,000, in 25,Mem) sharesin of 420yeach, with the usual
Denn.l4. Debenture Powers.
Calls .4 per sha on application, and 44 on allotment.
ILt to exceed £2 10s. per share, and not to be made at
intervals of less than three months.

Sir JAMES DALRYMPL RE DICTORS.
E ELPLIINSTONE, Bart., M.P.,
Chairman.
William Lee, Esq., M.P ,
Bank, Deputy-Chairman.•Director of the London and County
James Childs Esq., Director of the Credit Fonder and
Mobilier of EnF.fhind (Limi(ed:.
Nathaniel J. Fenner Es Messrs. N. J. and IL Fenner),
3111Iwall.
Whinnhe'' Esq., `."-r-' Ban'' side, Southwark, and Field-place,
James Levick, Esq. De
Sussex.
Alaekrill Smith, Fs
and of Engl d • it •d)
Deputy-Governor of the Credit Fancier
anoi(re,citmor
(Limited).
*the Credit Fonder and
F. C.,1. Westmorland, F,sq ,
Mobilier of Englari'dgiLimited).
'Lite Credit Association (Lim ted).
Dire tar of the Tmperial Mercan-
BANKERS. Messrs. Glyn, 31111 s, Currie, and Co., 67, Lombard-st., E.C.
John Fowler, rs ENGINEERS.
Queen-square-placc, Westminster,
W. Wilson,
Enzineer-in-Chief. *
C.E., Queen-square, Westminster.
SOLICITORS.
Ireafira• ilargrOve, Fowler, and Blunt, 3, Victoria-street,
Westminster.

BROKERS.
Messrs, Laurence, Son, and Pearce, 7, Lniel-court,Throg-
_

. .
mor ton-street.
SECREARY.
11. T. RobiT
nson, Esq.
Temporary Offices—Nos. 17 and 18, Cornhill, E.C.

This Company is incorporated for the purpose of supply-
ing, under circumstances peculiarly advantageous to the
Shareholders, the Feat demand for wharves, sites for manu-
factories, ship-building yards, and
the port of London, which the natural increase of wi
trade,
graving docks thin
combined with the removal of existing water frontage by
the formation of the Thames Embankment, and other me-
, tropolitan inaprovements, 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 Limehouse
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 receiving 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 Ironworks, 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
public 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
docked for repairs.
From the circumstance of the area proposed to be occu-
pied lying on an average about ten feet below high-water
mark, the works will be 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 Wing
made to Parliament in the present session by the Black-
wall Railway Company for an extension of the Blackwell
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 immediately 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 dues 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
per cent., and the revenue of the clocks 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,
ratinterest on debentures, &c.) may fairly be looked for at the
e of 10 per cent, per annum, and, when it is considered
at the greater part of this is from freehold ground-rents,
the valuable description of the property this Company pos-
sesses will 136 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. Folk and Aird, the eminent Contractors, and that
&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 full
Shares. The interest paid- urest will be payable at Messrs. Glyn andp Co.'s Bank, half-yearly, on 31st March and 30th Septem-
bereptembe in each year. The first payment will be made 30th
Sr 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 seenrit
An accompanying plan shows the whole of the worksyaa.
proposed when complete.
Copies of the Act of Parliament and plans may be seen
at the Offices of the Solicitors. Applications for Shares in
t_hee accompanying form may be made to the Secretary, at
Officest.„l2o. of the Company ; or to the Credit Foncier and Ito tlhe"lninf England (Limited), 17 and 18, Cornhill ; also
to
Bisho perial Mercantile Credit Association (Limited),
but no psgate-street Within; to the Bankers and Brokers
application
will be entertained unless the deposit
of £1 per Share on the number applied for has been duly
Paid to the Com
ment being
made Y's Bankers. In the event of no allot-
promptly returned to the applicant, the deposit will be
28th March, 1865.
in fi,.„

- .
FORM OF APPLICATION FOR £5 PAID SHARES.
Beath:lg 6 Per cent interest during construction.
(To be retained by the Bankers).
/go.
To the Directors of the Millwall Freehold Land and Docks
Company (Incorporated by Special Act of Parliat,
27 and 28 -Vict., cap. 255, 25th July, 1864, under thatle
Gentlemen,
of the Millvfall Canal Company).
Glyn, Mills, Currie, and Co , the sum of £ , being
—}laving paid to your Bankers, Messrs.
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 num-
ber you may allot to me, and I agree to pay the sum of £4
per Share on allotment, I authorise you to insert Illy
name on the Register of Members for the number of Shares
allotted to me.

NUsual Signature ........................
Rame in full ...........................
Pesidence ..............................
rofession ..............................
Date ....................... , ... , 1865.
Or if fully paid-up Shares are required, on the following
form :
FORM OF APPLICATION FOR FULLY PAID-UP
(To 7 per cent. (To be retained by the Bankers).
.
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,—llaving paid to your Bankers, Messrs.
Glyn, Mills, Currie, and Co., the sum of £ , being
a deposit of £1 per Sham on Shares in the above
Company, I hereby request that you will allot me that
number of fully paid-up Shares, sad 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 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..............................

18G5.

THE MILLWALL FREEHOLD NOTICE LAND and
DOCKS COMPANY.
IS DOCKS
GIVEN, That the Share Lista of
the sth
this Company will
Pbeour Closed THIS DAY, WEDNESDAY, April, at o'clock p in., for London ; and at
Twelve o'clock noon TO-MORROW, THURSDAY, the 6th
April, for Country applications.
By order of the Board,
11. T. Temporary Ofllces-17 and 18, CornhiIyROBINSON, Secretary.
April 5, 1F65.
S '

AILORS' ORPHAN GIRTHOOL and
imuE, Hampstead. Offices, 77, CornhilL
PATRON—The
TRUSTE ES QUEEN,
Capt. the Hon. Francis Maude, The
R. N. I Rev. Canon r harapneys
TREASURERS. Thomas Baring, Esq , 31. P.
Bevan, Esq. I Robert Ranbury, Esq.
This Institution is designed to supply a great national
want, viz., an asylum for the orphan daughters
the Royal Navy and Merchants Service and of of sailors in
Marines.
It clothes, maintains, and educates them
for domestic
service, and provides a home free of expense for former
inmates while ont of situations, thus shielding them from the
temptations they might otherwise be exposed to.
The Committee earnestly APPEAL for CONTRIBU-
TIONS to meet the increasing applications through the
recent storms and loss of life at sea, and to enable them
even sally to obtain premises more commensurate with the
necessities of this great maritime country, which loses 2,000
sai.lors annually by casualties alone, without including those
Who may perish by war.
Subscriptions thankfully received by the bankers, Messrs.
Bar
rY cla
at ty,
hevan, and Co., Lombard-street, and by the Score-
Offices, N 0.77, Cornhlll.
R. SWEEPING, Hon. Sac.
CHARLES HASH, See,