The Sun.
London, England, 1865-07-11 00:00:00

Of the value of Sewage as a manure there is, as stated in
a leading article upon this scheme, published in the "Times"
of the 2d March last, "no dispute." The only question in
regard to the Sewage of London being, as the " Times"
says, whether that value is " £400,000 or £4,000,000 a year."
This latter figure is the estimate of Baron Liebig and the
Corporation of the City of London for the Sewage of both
sides of the metropolis, or, .roughly, about £2,666,666, as
the yearly value of that portion of the Sewage which has
become the property of the Company by virtue of their
agreement with Messrs. Napier and Hope ; but the Direc-
tors concur with these gentlemen in believik that this es-
timate is greatly exaggerated. However, the culvert which
the Directors have contracted for is of an internal diameter
of 10 feet, instead of 9 feet 6 ; and by means of the greater
carrying power thus obtained, together with the means at
their disposal for storing the sewage in the reservoirs of the
Metropolitan Board, they will be enabled to utilise at least
120,000,000 tons of Sewage per annum, and from this they
look for an eventual net profit to be divided with the board
of upwards of £650,000 a year.
The experience of 40 years' application of sewage upon
pure sea sand, and other soils, near Edinburgh, and of seve-
ral years upon various soils near Croydon, shows that when
the Company's operations are fully developed and in full
working, the return from the Company's own land should
be not less than £210,000, and this would absorb 35 mil-
lions of tons of Sewage, leaving 85 millions available for
sale to the farmers along the line of' culvert, which in the
same ratio of value would produce not less than £510,000
a year, making a total of £720,000; and this figure
is singularly borne out by the experience and opinions of
those most conversant with the subject, and is quite within
the estimates given in evidence before the Houses of Par-
liament. One farmer, Mr. Wagstaff, of South Oxendon,
who farms 1,200 acres on the line of culvert, stated upon
oath that he would be prepared to give twopence per ton
for such quantities of the Sewage as it suited him to take
—a value strongly insisted upon by many high authorities;
at which rate the yearly value of the whole would be no
less than One Million Sterling. •
Another rough estimate of the realisable value of Sew-
age which has been given in evidence by many authorities,
namely, one penny per ton all round, would produce
£500,000 a year, so that the estimated return of £720,000
arrived at by independent calculations is as near as possible
the mean between these two estimates.

THE GENERAL ESTATES COMPANY
(Limited).
Capital, £250,000, in 12,500 shares of £2O each.
First Issue, 6,250 shares.
Deposit on application £1 per share, and..£l on allotment.
The amount to be called up will not exceed £5 per share,
without the consent of a general meeting; and no call
to be made without three months' notice.

DIRECTORS.
James Dawson, Esq., Billiter-square, London, and South-
ampton, Director of the Metropolitan Life Assurance
Society.
Jno. Downes, Esq. (Messrs. Downes and Scott), Upper
Thames-street.
George Forman, Esq., Mark-lane, London.
Hy. Hawes Fox, Esq., 27, Leadenhall-street, London.
James Hastie, Esq., Stondon, Essex.
A. Jarvis, Esq., 27, Leadenhall-street, London, Director
National Provincial Marine Insurance Oompany.
A. Knapp, Esq., Ingram-court, Fenchurch-street, London.

BANKERS.
The National Bank, Old Broad-street, and Branches.
SOLICITORS.
Messrs. Sowell, Sewell, and Edwards, Gresham Hou'Ae.
• BROKERS.
Messrs. Capper, Escombe, and Lawson, 4, Adam's-court,
Old Broad-street, London.
Messrs. May and Co., Liverpool
AUDITORS.
Messrs. Cooper, Wentle, and Evans, 3, Coleman-street
Buildings.
ARCHITECT.
Edward Ellis, Esq., 9, Fenchurch-street.
SURVEYORS AND LAND AGENTS.
Messrs. R. Ellis and Son, 49, Fenchurch-street.
Messrs. Leifchild and Cheflns, 62, Moorgate-street.
SECRETARY.
C. W. Carpenter, Esq.
OFFICES.
Lombard House, George-yard, Lombard-street.

PROSPECTUS.
In introducinF the General Estates Company (Limited)
to the public, it is with a view to acquiring and developing
(by means of subdivision or improvement) all descriptions
of landed property in or near London, and creating ground
rents by judicious advances to respectable contractors or
builders, under certificates of the Company's surveyor,
and generally to carry out all those matters in connection
with land which the Directors may deem to be of a profit-
able character.

It is generally known that investments of this descrip-
tion when carefully made, even in private hands and with
limited means, are usually very remunerative, but the real
value of such enterprises are best understood from the re-
sults of some of the recently-formed companies for similar
purposes, one having lately declared a dividend of 20 per
per cent. out of realised profits.
With a view to successfully commencing operations, the
directors have entered into provisional agreements for im-
mediately purcuastug pia inupol tiers, un much actrantaseQue
terms that they are at once in receipt of a very considerable
income, irrespective of the greatly increased profits to be
derived from the further development of these estates.
The subjoined report of Messrs. Leifchild and Cheffins,
the well-known surveyors, will show that the directors
have been careful not to enter into even provisional con-
tracts without the assistance of professional advice, and
they are sanguine that from these arrangements alone a
dividend of at least 10 per cent. can be paid out of actual
profits at an early date.
A fair proportion of shares having already been privately
subscribed for, the remainder are now offered to the public,
and the directors believe that this undertaking contains
considerable elements of commercial success.

No promotion money will be paid for establishing the
Company; the actual amount incidental to its formation
being the only expense incurred.
The articles of association are ready, and can be in-
spected on application at the office of the solicitors.
All applications for shares must be made accompanied by
the deposit of £1 per share ; but in the event of no allot-
ment being made, the amount so paid will be returned
without deduction. _ _

- .
Prospectuses, with forms of application for shares, can
be had of the bankers and broker; and of the secretary, at
the Company's offices.

TO THE CHAIRMAN AND DIRECTORS OF THE
GENERAL ESTATES COMPANY (Limited).
Report upon Freehold and Leasehold Estates in the City of
London, and in the County of Surrey.
The properties in the City compr sei several blocks of
offices, chambers, and warehouses, in excellent situations,
near the Bank, the Exchange, and the principal marts of
commerce.
Most of them have been recently rebuilt, and they com-
bine in themselves all the modern requirements of business,
with ample light, complete ventilation, and the utmost
facility of access. They are all let (except one property
which is not yet completed), and produce at present an
annual rental of considerable amount, with a sure addition
when the offices above alluded to are finished and let, and
many, offers to rent have been already received. It is be-
lieved that the present rental will be considerably increased
at the termination of the present short tenancies.
The estates in Surrey are in a healthy and popular neigh-
bourhood, and possess the great advantage of ready and
frequent access by railway to the City and West-end.
One of them is laid out for building purposes of the first
class, and is making very satisfactory progress ; roads
have been formed and sewers made, several houses have
been already built, and many others are in course of erec-
tion. A rent arising from ground rents has already P
and is gradually increasing. This propertylong term, at a peppercorn rent.
The next estate, and ne.q-
loped; but as it is fre f 'as field on a
-or London, is not yet deve-
,uokt,_,
connect by ab- in a fine situation, and will
-oad road running through it (a popular suburban ban rwith a leading thoroughfare, it is antici-
pate. thathouses of a moderate rental (say £6O) will be
rapidly built and speedily occupied, and that the freehold
ground rents that will accrue when the design is fully ca r-
ned out will produce an ample return for the capital in-
vested in this promising estate.
LEIFCHILD and CHEFFINS,
62, Moorgate-street, City.

June 30, 1865.

ROYAL NAVAL, MILITARY, and
blished
GENERAL LIFE ASSURANCE SOCIETY (Esta-
A.D. 1837. under Royal Patronage), 17, Waterloo-
plaee, London, S.W.

ARTHUR It. HAMILTON, Secretary.
Agents wanted in towns not yet represented.

S. ROAR,
AIL°RS'
ORPHAN GIRLS' SCHOOL and
Hampstead. Offices, 77, Cornhill.
PATRON —The QUEEN.
Cant. the Hon. Francis MaudeTRUSTEES.
R. I The Rev. Canon Champneys
.
I Thomas Baring, Esq., M.P.
R. C. L. Bevan, EsqT. REAS I
U RERS.
Robert nanbury, Esq.
This Institution is designed lo supply a great national
want. viz., an asylum for the orphan daughters of sailors in
the Royal Navy and Merchants Service and of Marines.
It clothes,
maintains,maini and educates them for domestic
service, and p home free of expense for former
inmates while out of situations, thus shieldin,g them from the
temptations they might otherwise be exposed to.
The Committee earnestly APPEAL for corrrittriti-•
TIONS to meet the increasing at through the
recent storms and loss r life at sea, and to enable them
7, which loses 2,000
without including those
eventually to obtain premises more vonimensurate with the
annually
this great
ygrecaastumaltaireistirloeneeo,ucittr
who may perish by war.
Subscriptions thankfully received by the bankers, Messrs.
necessitiesoalorsa
Bevan, and cp., Lombard-street, and by the Secre-
Barclay,
No. 77, Cornhill.
tiny, at the Offices,
R. SWEETTNG, Hon. Sec.
CHARLES NASH, Sec.

ROYAL FREE HOSPITAL, Gray's-inn-road,
in the immediate vicinity of the Great Northern [tall-
way
Terminus, King's-cross.
Patron—Her Most Gracious Majesty the QUEEN.
Vice-Patron—llia Royal Highness the Prince of WA LE

President—His Grace the Duke of BUCCLEUCH, K.G.

The Committee earnestly solicit the ASSISTANCE of the
benevolent, as the premises of this Hospital are capable of
containing several hundred more beds, had the Committee
the requisite funds to maintain them.
Ilia Hospital, foundel in the year 1828, the first to estab-
lish the principle of free admission to the sick poor, without
the delay and difficulty of Governors' orders. is wholly de-
pendent for support on voluntary contributions and ltgacies.
It affords relief to a large number of in-patients, and, in
tddition to this, the average number of attendance of the
destitute sick has for a con iderable period averaged between
8,000 and 4,000 weekly.
Contributions are received by the Treasurer. Edward Has-
irman, Esq., Nicholas-lane; also by Messrs. Coutts and Co.;
;Drummond and Co. ; Glyn and Co. ; Herries and Co. ; Ransom
an
Prescott, Grote, and Co.; Smith, Payne, and Co.;
Co..
Barclay and Co. ; W 'lianas, Deacon, and Co.; Overend, Gur-
ney,
Lid
vs Co. ; Nisbet and Co. , Berners-street ; I. Barned and
rpooi ; and at the Hospital. from 10 till 5.

STANFORD- iili 147 Se rotary.