The Sun.
London, England, 1865-11-28 00:00:00

BROKERS.

Messrs. Upward and Prescott, 15, Throgmorton-street,
London .

Messrs. Kerr, Anderson, and Brodie, 132, St. Vincent-
street, Glasgow.
pool
-4essrs.Jackson & Barclay, 1, Brown's-buildings, Liver-
.
nenry Woodhouse, Esq., 8, Market-place, Manchester.

SECRETARY (pro tem.).
B. Lambert, Esq.
TEMPORARY OFFICES.
City Bank Chamber; Threadneedle-street, London.

The SUBSCRIPTION LIST of this Company will be
CLOSED for London on THURSDAY, the 30th inst.,
and for the Country on SATURDAY, the 2d of Decem-
ber next.
THE ANGLO-SWEDISH STEEL and IRON
COMPANY (Limited).
Capital £1,500,000, in 60,000 shares of £25 each, of which
it is not expected that more than £l2 10s. per share will
be called up.
Deposit, £1 per Share on Application, and £2 per Share
on Allotment.
Calls will be made at intervals of not less than threemonths,
and will not exceed .£2 per Share.
No payment of any kind is to be made for Goodwill.
The sixteen thousand Shares taken by the vendors do not
participate in any dividends for five years, unless the
dividends on all the other Shares amount, during such
period, to fifteen per cent. per annum.
In the event of no allotment being made, the depositmoney
will be returned without any deduction.
DIRECTORS.
Richard Birley, Esq. (Messrs. Birley and Co.), Manchester.
Samuel Butcher, Esq. (Messrs. W. and S. Butcher), Shef-
field.
Edmund C. Buxton, Esq. (Messrs. Hoare, Miller, and Co.,
merchants), Manchester.
Robert Gladstone, Esq. (Messrs. Robert Gladstone and Co.),
Manchester.
Samuel Gurney, Esq., M.P., Prince's-gate, London.
G. F. Goranseon, Esq., Managing Director in Sweden.
George Leeman, Esq., M.P., York, Deputy-Chairman of
the Midland Iron Company (Limited).
William M'Naught, Esq., Victoria Park, Manchester, Chair-
man of the Boilerinsurance and Steam Power Company
(Limited).
James Morrison, Esq., Ironmaster, Newcastle, Chairman of
the Midland Iron Company (Limited).
A. C. Sheriff, Esq., M.P., Perdiswell Hall, Worcester.
John Tysoe, Esq., Alderman (Messrs. Charles Tysoe and
Sons,) Salford, and New Cannon-street, Manchester.
Robert E. Wigram, Esq. (Messrs. Robert Benson and
Co.), London.

BANKERS.
Messrs. Smith, Payne, and Smiths, Lombard-street,
London.
The Sheffield Banking Company, Sheffield and Rother-
ham.
The Manchester and Liverpool District Bank, Manches-
ter and Liverpool.
The English and Swedish Bank, Stockholm and Gothen-
burg.
Tho Yorkshire Banking Company, Leeds, York, and its
various Branches.

SOLICITORS.
•
Messrs. Dawes and Sons, 9, Angel-court, London.
Messrs. Slater, lleelis, and Co., Manchester.
BROKERS.
Messrs. Huggins and Rowsell, London.
Messrs. Capp2r, Escombe, and Lawson, London.
Messrs. Peter Eckersley and Son, Market-place,
Manchester.
James Kennedy, Esq., India-buildings, Cross-street,
Manchester.
Messrs. James Pearson and Sons, Birmingham.
Messrs. Hands and Son, York.
Messrs. A. Greenland and Son, Leeds.
Messrs. I. and T. Smith, Sheffield.
AUDITORS.

Messrs. Alfred Whitworth, Clematis, and Co., Manchester,
Messrs. Alfred Allott and Co., 10, Norfolk-street, Sheffield.

SECRETARY `E.O TEM.).
Thomas W. Parkor, Esq.
TEMPORARY OFFICES.
23, Old Broad-street, London.

ABRIDGED PROSPECTUS

An arrangement has been effected to amalgamate the
very extensive iron, steel, shipbuilding, and engineering
works and estates of the Hogbo Stool and Iron Works
Company, in Sweden, with the Northfield Steel and Iron
Company, near Rotherham, in England, both of which
works are in full operation, and to form the same into a
Company, with limited liability, under the Joint Stock
Companies Act, under the name of the Anglo-Swedish
Steel and Iron Company. (Limited).
The Hogbo Company, in Sweden, possesses very superior
facilities for the manufacture of steel and iron by the Bes-
semer method, and at these works, under the management
of Mr. G. F. Goransson, the Bessemer process for producing
steel first became a practical success. It has, however, been
found absolutely necessary, for the full development of the
resources of the Hogbo Company, to secure a depot for
their steel ingots, together with forging and rolling power
in England and the Northfield Steel and Iron Company
haying already in existence extensive plant specially
adapted for the forging 'and rolling of steel ingots, it has
been agreed to work the two concerns under one manage-
ment and in one interest.

The whole of the estates and properties of the vendors,
including blast furnaces, rolling mills, foundries, engine
and shipbuilding works, together with stationary engines,
railways, ships, tool; &c., used in carrying on the same,
will be taken at a valuation by two valuers, one to be ap-
pointed by the vendors, and the other by the Directors of
this Company, and will be conducted on the principle as
between an outgoing and incoming partner.
The vendors accept as part payment of the purchase
money the sum of £200,000 in shares of the Company, with
£l2 10s. only credited as paid up on each share, thus be-
coming proprietors of £400,000 of the capital of the Com-
pany, the whole of which the vendors agree to hold for five
years ; and that no dividend shall bo payable on such shares
so held by them during such period, until the other share-
holders shall have been paid fifteen per cent. per annum on
the paid up capital.
The vendors further accept, as part payment of the pur-
chase money, the Company's debentures for £200,000, re-
deemable in three, five, and seven years.

A mortgage of 1200,000, already secured on part of the
property proposed to be purchased, will also bo transferred
to the new Company.
No payment whatever, either in shares or cash, is to be
made for goodwill.
The result of these arrangements will be that nearly
the wholeadditional capital subscribed will be available for
extending and developing the business of the Company ;
and the acceptance of these terms by the vendors is satis-
factory evidence of their faith in the undertaking—in fact,
this Company is not formed to pay out the vendors, but
purely to enlarge the partnership under the more conve-
nient form of limited liability.
Possession of the estates and works will be given about
the Ist January next (1866), and this Company will enter
at once upon lucrative business in full operation, free from
the risks • which are inseparable from newly-established
undertakings.
The Northfield Works have the exclusive manufacture
of Captain Rodger's patent indented small palmed anchors,
for which largo orders from the Admiralty and many of
the great steamboat companies are now in course of exe-
cution, and the demand for which is much greater than
the present machinery of the Northfield Company enable
them to meet.

The use of charcoal in Sweden, instead of coke, enables
steel to be made direct from the blast furnaces, thereby
avoiding the expense of re-melting the pig iron (which is
necessary in England), and thus effects a great saving in
the cost of production.
Taking into consideration the immense and daily in-
creasing demand for steel, there can be no doubt but that
with the introduction of additional capital this Company
must realise large profits.
The services of Mr. Goransson, who has hitherto had the
management of the works and estates of the llogbo Corn-,
pang, in Sweden, and who holds a largo pecuniary interest
in this Company, have been secured as managing director
for Sweden.
The Memorandum and Articles of Association may be
inspected at the Offices of the Solicitors of the Company.
Prospectuses and Forms of Application for Shares may
be obtained from the Bankers, Brokers, Auditors, and Soli-
citors; and at the Offices of the Company.