The Sun.
London, England, 1865-07-15 00:00:00

78 0 0
30 3 3

THE CREDIT FONCIER AND MOBILIER
OF ENGLAND (Limited). •
Authorised Capital £4.000,100
C. '•scribed

..,apital Sübscribed
Capital Paid-up
Reserve Fund 200,000
Dividend Reserve Fund 70,000

•
JTAheItREisghtLIIRovnicJKA,MEEBSq.S, TUMAerRchTanTOKRITnLgy, Governor.
Deputy-
Arms-yard,
Governors.
JAMES NUGENT DANIELL, Esq., London,
AL BERT GRANT, Esq., M.P., Managing Director.
DIRECTORS.
James Childs, Esq., London.
Alexander Dunbar, Esq., Old Broal-street, London.
Charles Ellis, Esq., Lli's.
Adolphe Hakim, Esq. (Messrs. Pinto, Hakim Brothers, and
Co.), London.
ihe Hon. T. C. Haliburton, M.P., Chairman of the Canada
Agency Association, London.
William Harrison, Esq. (Messrs. Young. Harrison, and
Bevan), Director of the Thames and Mersey Insurance
Company.
Richard Stuart Lane, Esq. (Messrs. Lane, Hankey, and Co.),
London.
Charles E. Newbon, Esq.. London.
Henry Pownall, Esq., J.P., Russell-squan, London.
Joseph Mackrill Smith, Esq. (Messrs. Mackrill Smith and
Co.), Old Broad-street, London.
Edward Warner, Esq , 31.1'., London.
John Westmorland, Esq. (Director of the Royal Insurance
Company), London.

BANKERS.
The Agra and Masterman's Bank (Limited).
Messrs. Smith, Payne, and Smiths.
The National Bank, London, Dublin, and its Branches in
Ireland.
The Alliance Bank (Limited), London, Liverpool, and Man-
chester.

SOLICITORS.
Messrs. Newbon, Evans, and Co., Nicholas-lane, E.C.

BUSINESS TRANSACTED.
This Company negotiates Loans for Colonial and Foreign
Governments ;
Co-operates in the Financial arrangements of British and
other Railways ;
Makes Advances to Corporations. Town Councils, and other
Public Bodies ;
Negotiates Loans for Public Works ;
Assists in the introduction of Industrial and Commercial
undertakings ;
Makes advances upon approved Stooks, Shares, Bonds,
dco;
Makes temporary Loans upon eligible Freehold and Lease-
hold Securities.

London, 17 and 18, Cornhill, Jane 15, ALFRELOWE,
1865. Secretary.

DEBENTURES
ISSUED BY
THE CREDIT FONCIER AND MOBILIER
OP ENGLAND (Limited),
ISSUE OF £500,000 DE BENTURES WI PR INTEREST
BLEUARTERLY.
The Directors PA
have decided to issue Debenture Bonds of
the Company for the amounts and bearing interest as under,
viz. :
In sums of' £lO, £2O, 4.50; £lOO, £eso, £5OO, and £l,oon, with
coupons attached. _

INTEREST.
FFor three years.,,,.. 6 per nt per annum.
or five years ............ 611"ce -
For seven years ..
Interest payable quarterly—viz., on 'the 30th !Arch, 30th
June, 30th September, and 30th December in each year, at the
Company's Bankers.
The distinctive
perfect feature insecurit the debentures issued by this
Company is their ; the amount of the capital
subscribed, paid-up, and uncalled, and the general invested
assets of the Company, as well as the large reserve fund.
affording the most ample security to the investor.
These Debentures are issued payable to bearer, and can
therelbre pass by simple delivery from hand to hand, without
endorsement, and are free from any further stamp duty.
They are also issued—to meet the requirements of Trustees
and others—transterrable by Deed only, to be duly registered
in the Company's Books in the names of the Investors or
their Assigns.
Forms
toincs muanbset beob estaaidnderdosfetdh. e Secretary, to
whom all ollci Application
a

By order of the Court,
ALFRED LOWE, secretary.
London, 17 and 18, Cornhill, Jane 15, 1865.

DEPOSITS
RECEIVED BY
THE CREDIT FONCIER AND MOBILIER
OF ENGLAND (Limited).

RATES FOR MONEY ON DEPOSIT.

0 f This Ca
no md poapnwya
rreceives f 1 lke I
uOuNd Lel
eOnNt i
oDn
eEdPrOa St
elsTf
rionmsums
day UNTIL FURTHER NOTICE, viz.:—
At 14 days' notice .
At one month's notice 3i per cent. per annum..
FOR FIXED PERIODS OF
Not less 9
3 than menthe and up to t months, 4 per ct. per an.
Beyond o months and up to 9 months 4l per or. per en.
Be months and up to 12 months 5 per et. per an.
Beyond 12 months and up to 24 months 54 per ct. per an.
Forms of application can be obtained of the Secretary, to
whom all communications must be addressed.

By on-I.er of the Court,

ALFREDI7 and 18, Cornhiil, London, June WE,
15, L
1860 5. Secretary.

14, RUSSELL-STREET, COVENT-GARDEN,
LENDS MONEY on Personal and other Security. in sums
of £2O to £5OO, to be repaid by instalments extending over
one, two, or three years. The large Capital of this Associa-
tion enables' it to complete Its transactions without delay.
No Inquiry or office fees. and strict secrecy observed. Bills
Discounted at short notice, Form sent free on receipt of a
directed stamped envelops.
The Association also lends Money for the purchase of a
house by a tenant, or for the liquidation nf mortgages, on
terms most advantageous to the borrower.

EDWARD. HARPER, Secretary.

. .
METROPOLIS SEWAGE and ESSEX
' ''RECLAMATION A.T lON CO 11.PANY,
IncDrporatiid with Limited. Liability, by Special Act of
Parliament.
Capital £2,100,000,
In 21,000 Scrip Certificates of £lOO each, to be hereafter
• divided into Shares of £lO each.
Deposit on application £2 per Certificate,. with further pay-
ment of £8 on allotment, and £lO on 2d October next.
The "Subscribers-rill; in exchange for-their-Letter of
Allotment and Bankers' Receipt, receive Scrip Certificates,
which, 'on payment of the sum of £lO, payable on 2d Oct.,
as above, will be exchanged, under the provisions of the
Act of Parliament, for Registered Shares of £lO, and the
Shareholders will be credited in the books of the Company
£2 in respect of each Registered Share.
DIRE CTORS.
The Right Hon. the Lord De Tabley.
G. Sclater-Bboth. Esq., M.P., Member of Sewage Conimit-
tees, 1864 and 1865.
The Lord Richard H. Browne.
James Pattison Cuirie, Esq.
Maurice Drummond, Esq.
Arbuthnot G. Guthrie, Esq.
Charles J. Lambert, Esq.
Joseph S. Leacher, Esq.
The Hon. Henry W. Petre.
Col. Sir William Russell, Bart., C. 8., M.P., Member of the
Sewage Committee, 1864.
Major the Hon. S. P. Vereker.
J. W. Perry Wallington, Esq., M.P. • •
ENGINEERS,
G. W. Hemans, Esq., C,E., &c.
• J; F. Bateman, Esq., C. 8., pas., &c.
CONSULTING CHEMIST.
Professor J. T. Way, Member of the Royal Commission on
Rivers, and of the late Royal Commission on Sewage.
BANKERS. •
Messrs. Glyn, Mills, Currie, and Co. -
Messrs. Drummond.
Messrs: Sparrow, Tufnell, and CO. (Essex).
The Union Bank of Scotland and Branches,
1. -
The Union Bank of Manchester,
The Bank of Liverpool,
The Birmingham Banking Company,
J. Barber Kennedy and Co. (Dublin),
The Northern Banking Company (Belfast),
SOLICITOUS.
Messrs. Baxter, Rose. IsTtirton,.and Co.
Messrs. West and King. -
. . .
BROKERS.
• Messrs. P. Cazenove and Co.
• Messrs. Seymour and Co.
SECRETARY (pro tem.).—Walter A. Nlchael, Esq.
Offices-60, Threadneedle-street.

Will also
receive
Subscriptions.

The International Financial Society are authorised to
receive Subscriptions for the Share Capital of this Com-
pany, which has been incorpomted.by Special Act of Par-
liament 'for the purpose of Utilising the Sewage of the
Northern Area'of the Metropolis, the Concession of which
has been granted to Messrs. Napier and Hope.
The Concession from the Metropolitan Board of Works

to Messrs. Ndpier and Hope, as now confirmed by Act of
Parliament, is scheduled to the Act, and both may be in-
spected at the Offices of the Company.
The Concession has been vested in the Company on con-
dition of the payment to Messrs. Napier and Hope, under
the provisions of the Act, of £50.,000 .in fully paid-up
shares of the Company and a small contingent per-tentage
of the net profits. . .
The Concession recites that in the opinion of the Board
the works proposed by Messrs. Napier and Hope aro cal-
culated to effect the three following objects, namely :-
1. To divert the Sewage from the Thames.
2. To render it innocuous by its application to growing
crops.
3. To realise the groat money value of the manure con-
tained in it.

The first article confers upon Messrs. Napier and Hope
" the absolute and exclusive right to and property in the
sewage" for a period of 54 years from the passing of the
Act, but makes the following provision in reference to the
application of the net profits resulting front the scheine
after the expiration of four years from the passing of the
Act. Previous to the expiration of that period all the
profit restilts to the Company.
After deduction of the annual charge for " money bor-
rowed," and of the " working and establishment expenses,"
the net profit shall be applied-
1. In payment of interest at 5 per cont. per annum on the
share capital.
2. In payment in equal moieties to the shareholders and
the Metropolitan Board of the further profits up to 15 per
cent.

3. In division of profits exceeding 15 per cent. and up to
25 per cent. between the shareholders and the Metropolitan
Board, in the proportion of one-fourth to the former, and
three-fourths to the latter.
4. After 25 per cent. the division again to become equal.
The (fleet of these stipulations is, that while the Metro-
politan Board are virtually to receive half the profits, yet,
that, in order to give a greater security, and therefore
greater value to the shares, the shareholders are to have a
preference to the extent of 5 per cent., which is made good
to the Metropolitan Board between the points of 15 and 25
per cent., at which latter point each party receives 121 per
cent., and the division is then continued equally. Thus,
the share capital of the Company derives the advantage of
the entire capital, approaching three millions sterling, ex-
pended by the Board on the north side of the Thames, for
the collection of the Sewage at the point of its delivery to
the Company.
At the expiration of 31 years the Board have the right,
on giving two years' notice, to require a revision by arbi-
tration of the above apportionment of profits.
The Concession stipulates for the construction of a circu-
lar brick culvert, 9 feet 6 inches in diameter, shown by the
red line on the accompanying map, and running from the
Northern Outfall Sewer to the East Coast of Essex, and
further, for the reclamation of the tract of foreshore and
sand, coloured pink on the map (about 7,000 acres),the in-
tention being to irrigate the lands in the district through
which the culvert passes, and to utilise the surplus upon
the reclaimed land.
A contract has been entered into with Mr. Wm. "Webster
(who has constructed more than one-third of the main
drainage work of the metropolis, including the Crossness
Outfall), for the construction of the work mentioned above,
together with thenecessary pumping stations, for the sum
of £1,853,448. To this must be added the amount to be paid
to Messrs. Napier and Hope in shares, as before mentioned,
the cost of land, engineering, Parliamentary, and legal ex-
penses, superintendence, and management, together with
interest at 5 pet cent.
per annum on the capital during the
construction of the culvert, estimated at a total of £516,552;
in all £2,400,000. The Act authorises the Directors to raise
the amount of £700,000 in debentures, but of this, as above
shown, only £300,000 will in all probability be required.
The Company have the right of taking, without any pay-
ment, during the first four years, as much of the sewage as
they can utilise. From this source an immediate return
may be obtained, so that the return upon capital during
construction should be much in excess of the interest pro-
vided.

On payment on the 2d October next of the £lO per Cer-
tificate then due the Certificates of £lOO will be exchanged
for Registered Shares of £lO each.
According to the calculations made the eventual revenue
of the Company is estimated at about £720,000, and the
working expenses and management at £50,000.
Applications in the annexed form should be left with the
Bankers, who will not, however, receive any applications
unless accompanied by a deposit of £2 per certificate on
the number of certificates applied for. In cases where no
allotment is made the deposit will be returned in full, and
should a smaller number than is applied for be alloted the
balance returnable to the applicant will be applied towards
payment of the amount due on allotment. In cases where
an allotment is made the deposit paid on application will be
liable to forfeiture if the balance due on allotment be not
paid within the term fixed by the letter of allotment, and
the allotment will be liable to cancellation. Default by sub-
scribers in due payment of the £lO per scrip certificate, pay-
able on 2d October, 1865, will, in like manner, render the
scrip certificates subject to cancellation, and the amount
theretofore paid thereon to forfeiture.
Prospectus and Forms of Applications may be obtained
from the Bankers and Brokers, and at the Offices of the
Company, No. 60, Threadneedle-street, E.C., London.
METROPOLIS SEWAGE AND ESSEX RECLAMA-

TION COMPANY.
FORM OF APPLICATION FOR SHARES,
To b 6 left with the Banks.

No.
To the Directors of the Metropolis Sewage and Essex
Reclamation Company.
Gentlemen,—Having paid to the sum of £ ,
being a deposit of £2 per certificate on certificates, I
request you to allot to me certificates of £lOO each,
in the Metropolis Sewage and Essex Reclamation Com-
pany, in conformity with the Prospectus issued by the
International Financial Society (Limited) ; and I
hereby agree to accept (subject in all respects to
the terms of the said Prospectus), such certificates,
or any less number that may be allotted to me, and to pay
the sum due on allotment thereof, at such time as may be
fixed by the Letter of Allotment, and to pay the further
sum of £lO per cortificate on 2d October, 1865.
I am, Gentlemen, your obedient servant,
Signature
• • Name in full • '
Address in full
.Residence
Date .....

METROPOLIS SEWAGE AND ESSEX
RECLAMATION COMPANY.
NOTICE IS HEREBY GIVEN, That NO further
APPLICATIONS for SHARES in this Company will
be RECEIVED after TUESDAY NEXT, tha 18th inst.,
for London, and WEDNESDAY, the 19th, for the Country
By Order.
WALTER A. MICHAEL, Secretary (pro tem).
GO, Threadneedle-street, London, July 13, 1865.

Now ready, at all the Libraries, in S vols.,
LIFE : Its Nature, Varieties, and Phenomena.
By L ito I. GRINDON.
The Publisher begs to announce the issue of the Third
Edition of the above popular work in sixpenny monthly
parts. Parts I. to IX. now ready.
The work can be had complete, in cloth, price 6s. 6d.
" To those who delight in the exercise of their intellectual
powers, these very thoughtful and beautifully-written reflec-
tions will be a welcome boon, and the source long afterwards,
we may rest assured of many fruitful meditations and plea-
sant memories." —Sun.

London: P. Pitman, 20, Paternoster-row. E.C.

Cloth, price 2s. 6d.,
AHANDBOOK for the MAN of BUSINESS,
applicable to all Departments of Commercial Engage.
meats.
London :P. Pitman,', Paternoster-row, B.C.

Extra cloth, price 55.,
SCEPTICISM AND SPIRITUALISM.
The experiences of a Sceptic. •By the Authoress of
" AURELIA."

London : F. Pitman, 20, Paternoster-row. B.C.

SELF-INSTRUCTION IN SPELLING.
TE ESSENTIALS OP SPELLING is
admirably adapted to a'd adults whose early education
g the difficulties of English
er. Sent post frets for 12
hasor
Orthography,
hboege
rna
pn
he neglected, e ct
withoutd, in mastering stteear
tea:
hn
stamps.