The Sun.
London, England, 1862-10-23 00:00:00

GENERAL TRADE.

The Company will not, however, depend on Cotton alone
for realising a good dividend on the capital employed. The
interchange of commodities will be widened to the largest
possible extent, so as to include every other product of
.Africa, which will pay an enhanced value in this country.
These products, which consist chiefly of Palm Oil, Shea
Butter, Gold Dust, Ivory, Hides, Indigo, Copper, Ground
Nuts, Pepper, Arrowroot, Gums, Dye Woods, Ostrich
Feathers, Timber for Shipbuilding, and other articles of
commerce, equally suitable to the requirements of our mar-
kets, will also be made the media of trade, so as to suit the
industry and keen trading instincts of the various classes
of Native producers. The fact that the production of Palm
Oil, Shea Butter, and other valuable articles, is in excess of
the local demand, can be shown by the latest and most in-
dubitable authorities. The Rev. Samuel Crowther, writing
to the Church Missionary Society lately, states, " at the
Delta of the Niger alone, millions' worth, in red Oil and
and black Oil from the kernels of the Palm nut, rot away
annually for want of inducement to collect them."* From
an official doctunent received through the Board of Trade,
It appears that in 1866 upwards of 220,000 tons of these
kernels, from which Oil of the value of £3,789,000 might
havemm tbeen extracted, were actually thrown away on the
sum of
Theu Upwards
thus lost represents in actual value a
L'awtexppowrtedrdsfroofmaßlatteillisiri n thatSterlingyeamro;rene
dha:rlhallen it is
considered that the tallow was
paid for in cash, and that the
bulk of the trade with
to the manufactures of Ma
cahmaY be carried on by barterter,
the Potteries, and Sheffield, it
Glasgow, Birmingham,
benefits which will accrue to this country
impossible to overate the
country by developing the
resources of Western Africa.
As there is no currency
in the country trade is c Inducted
by means of barter, so that a market for English produc-
tions will be opened at every point from which the Com-
pany draws its supplies of raw materials. A profit both
ways will thus be obtained by the Company, viz., upon the
goods sold in Africa, and, vice versa, upon the Cotton,
Palm Oil, &c., imported and sold in the English markets.
The West Africa Company will commence operations
under peculiarly favourable circumstances, owing to the
oas • of
fact that their agencies on the West C Africa are
already organised ; and competent acclimatised persons,
native merchants and others, at Abeokuta, Elmina, Lagos,
Cape Palmas, and in the Niger river, are ready to act in
behalf of the Company the moment it commences business.
The agencies of the Company being thus already satisfied,
and a considerable number of shares having been subscribed
for, the operation of the Company will commence forthwith.
From the foregoing statements, taken together with the
fact that this Company will possess unusual facilities for
successful mercantile operations, owing to its large capital
and connections, it is confidently expected that its transac-
tions will produce very handsome dividends. Persons hav-
ing a knowledge of the African trade will readily under-
stand that to name what would be a probable rate of inte-
th
se
szethe cfapital worked would, to the uninitiated, bear
assured tra traggeration. The Directors, however, feel
a Company will eventually assume such
di-
mensions
as to invest it wi •
th a most important character ;
and that the development
more than anything of the resources of Africa will do
ge se to hasten the extinction of the
Foreign Slave Trade,
than to c an event not more desirable to phi-
lanthropyoramerce.

* See African Aid Society's newt for 1862, page 10,
ani generally in confirmatlonof the statements herein, the
Annual Reports of the Cotton Supply Association; " The
Cotton Plant Countries sdapted to its Culture," pages
Esq ~R N Niger Expedition),
5.15, Bre. • D. J. May,
and the Reports of Mr. Consul Burton; Mr. Dvis, Sur-
the Niger Expedition ; ratified as they are by Mr.
gCeonnsuthl Campbell ; the Rev. Mr. Townsend. of Abeoknta ;
D. R. Ross, Esq.; and by Captain J. P. N Hewett,
in his recent work" European Settlements oar
the West Coast of Africa."

Shares will be allotted in the order of application.
Applications for Shares may be made in the accompany.
lug form to the Brokers, Messrs. Huggins and Rowsen,
Threadneedle-street, London, E.C., or to the Secretary, at
the Temporary Offices of the Company, 41, Gresham..
house, E.C.

FORM OF APPLICATION OF SHARES.
To the Directors of " The West Africa Company,
Limited."
Gentlemen,—Having paid to the Bankers of the
above Company, I request you to allot me Shares in
the Company ; and I agree to accept the same, or any less
number that may be allotted to me, and to pay £1 10s. per
Share on the allotment being made.
Nam&
Address
Occupation
Bate ,
•

THEATRE-ROYAL, DRURY.LANE
Dion Boneleault. Lessee.

WETS uvp,mwrir. THE COLLEEN BAWN. Dion
Boncieanit, Searle. G. Vandenhoff, Leeson, Mellon; Madame
Celeste, Stevens, Latimer.
After 'which, THE RELIEF OF LIJCRNOW. Dion
Roneicault, Atkins, Edwin, Ryder ; Madame Celeste and Mrs.
Dion Boucicault.

Commence at 7.