The Sun.
London, England, 1865-12-07 00:00:00

DIRECTORS.

Tho Right Honourable E. P. BOUVERIE, M.P., 44,
Wilton-crescent, Chairman.
John Balfour, Esq. (of Balbirnio), 46, Belgrave-square.
John Entwistle, Esq., 6, Great Winchester-street, City.
Robert Gillespie, Esq., 6, Lime-street, City.
Samuel Gurney, Esq., M.P., Prince's-gate.
Thomas Porter, Esq. (late of Demerara), White Knights,
Reading.
William Rennie 7 Esq.,- Messrs. Cavan, Lubbock, & Co.
Nevile Lubbock, Esq.,
Wm. Burnley Hume,q., I Messrs. Wm. Burnley Hume
Philip Noel Bernard, Esq.,) and Co.

BANKERS.
Messrs. Robarts, Lubbock, and Co., 15, Lombard-street,
London.
Messrs. Glyn, Mills, and Co., 67, Lombard-street, London,

SOLICITORS.

Messrs. Cotterill and Sons, 32, Throgmorton-street, E.C.

AUDITORS.
Messrs. Chadwick, Adamson M`Kenna, and Co., 27,
Great George-street, Westminster.

BROKERS.
Messrs. J. Hutchinson and Sons, 15, Angel-court, Throg•
morton-street.
Messrs. J. and A. Scrimgeour, 18, Old Broad-street.

TEMPORARY OFFICES.
40, Old Broad-street, E.C.

PROSPECTUS.

The special advantages to be derived from the employ-
ment of capital through the medium of Joint Stock Com-
panies, with limited liability, in purchasing and working
Colonial properties, have been demonstrated by the great
success attendant on such operations in India, Ceylon,
Borneo, and elsewhere, and it is considered that no pro-
perties can be made to benefit to a greater extent or to pro-
duce more remunerative results from the introduction of
Joint Stock Capital than West India Sugar Estates.
The object of this Company is the purchase and exten-
sion of the sugar plantations and the business of the well-
known firms of Messrs. Cavan, Lubbock, and Co., and
Messrs. William Burnley llume and Co.
Tho estates and real securities to be transferred to the
Company by the Vendors are in Demerara, Berbice, Trini-
dad, and Barbadoes. The estates are fertile, well situate,
and in a high state of cultivation. They are provided
with an ample supply of Coolie, Chinese, Portuguese, and
Creole labour.
On several of these estates powerful machinery of the
best description has been recently erected at a considerable
cost, and the largely increased profits which have resulted
prove conclusively the advantages to be derived from the
further application of machinery on a still more extended
scale. The increased capital which will be thus employed,
in addition to the large amount already invested in real
estate, renders the business more suitable to the resources
of a public company than to those of private firms.
The imports of the two firms in sugar alone have for
the last three years averaged over 46,000 hogsheads per
annum.

The Vendors will transfer to the Company, free of any
claim for goodwill, their large and profitable Commission
and Agency Business, which has yielded in net commis-
sions, on the average of the past three years, an amount
exceeding £BO,OOO per annum, and is capable of being
greatly extended.
The terms of the purchase have bean discussed and
settled with the Vendors, after very careful examination
into the returns and profits of each firm, and after obtain-
ing independent valuations and reports on the several pro-
perties. Those inquiries were instituted and conducted by
Messrs. Chadwick, Adamson, M'Kenna, and Co., and by
Directors entirely unconnected with the two firms, before
they agreed to join the proposed Company.
The Vendors are only to be paid the mere value, thus
ascertained, of the Estates, Plant, Machinery, Stores, Stock,
and Advances, which will amount to about £675,000 ; and
by instalments, as follows :
£225,000, or one-third, in 10,000 Shares of the Com-
pany, to be credited as paid-up to the ex-
tent of £22 10s. per Share.
£225,000, or one-third, in Debentures, bearing interest
at 5 per cent.
£225,000, or the balance, in cash by instalments in two

years.
To meet the above payments and provide the requisite
working capital it is estimated that the calls will be re-
quired to be made as follows :
December, 1865, £5 per share (being the amount of
payment on deposit and allotment).
April, 1866, £2 10s. per share.
July, 1866, £2 10s. per share.
January, 1867, £5 per share.
January, 1868, £5 per share.
Tho Vendors have agreed to guarantee, to the extent of
the annual dividend on the above 10,000 shares, a net profit
in each year, for the first five years, of 10 per cent. on the
paid-up capital for the time being ; such guarantee, how-
ever, is to cease if at or after the expiration of three years
the net profits of the Company shall have amounted to a
sum equivalent to an average of 10 per cent. per annum on
the paid-up capital for each of the said five years, calculat-
ing the capital for the last two years at not more than £25
per share.
Each firm will liquidate their own liabilities and obliga-
tions, independently of the Company, except where the
Board of Directors deem it to be desirable for the Company
to undertake any of such liabilities or obligations.
The Company will enter into possession of the business
on Ist January next.
The transfer of the properties and securities is to take
effect as and from the Ist July last, in Trinidad and Bar-
badoes ; and from Ist January next, in Demerara and Ber-
bice, which are the usual periods for the transfer of property
in the respective colonies.
It is arranged that two members of each firm shall re-
main as Directors for a period of at least five years, and the
large interest in the capital of the Company taken by the
Vendors gives the fullest proof of their entire confidence
in its success, and the surest guarantee of their best exer-
tions being used to developo its resources. All the mem-
bers of each firm bind themselves not to enter into any
business of a similar character without the sanction of
the Board.

The Directors confidently estimate that the net profits of
the business of the Company, taking into consideration the
revenue from the real estate, for the ensuing five years,
will be equivalent to from fifteen to twenty per cont. per
annum on the paid-up capital of the Company.
The estimate has been derived from the existing state
of the properties and business of the two firms, without
taking into consideration the increased returns from the
estates which will follow upon an improved system of
cultivation and manufacture, or the effect which the im-
pending abolition of slavery in Cuba and Porto Rico will
have in augmenting the value of the estates and increas-
ing the profits of the Company.
Applications for Shares may be made in the form an-
nexed, and must be accompanied by the payment of £1 per
Share to the Bankers of the Company.
A copy of the Memorandum and Articles of Association
can be inspected at the Offices of the Solicitors, 32, Throg-
mort on- street.

Prospectuses and Forms of Applications for Sharesmay
be had on application to the Bankers, Solicitors, Auditors,
or Stockbrokers, or at the Temporary Offices of the Com-
pany.
In the event of an 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, so far as
required, be appropriated towards the payment due upon
allotment.

Payments of deposit may be mado to the Bankers of the
Company, Dr at the Branches of the National Provincial
Bank of England ; and the Branches of tho Royal Bank of
Scotland.

FORM OF APPLICATION FOR ALLOTMENT OF

SHARES.

No—
To the Directors of " Tho Colonial Company (Limited.)"
Gentlemen,—having paid a deposit of £1 per Share, I
beg to apply for Shares of £5O each in " The Colonial
Company (Limited),"and I hereby agree to become a Share-
holder in that Company subject to its rules and regula-
tions, and to accept such Shares, or any, less number that
may be allotted to me.
I am, Gentlemen, your obedient Servant,
Name in full

Full postal address
Profession Or Occupation
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