The Sun.
London, England, 1847-06-22 00:00:00

Edited by JOHN iIOGERSON, a Solicitor of the Court.

" Altogether we can recommend the book as supplying a want
much felt at this time by every practitioner in the Court of Chan-
cery. To articled clerics preparing for examination it will be of great
service as au easy and explanatory elucidation of Orders which
have puzzled old and experienced practitioners." —Law Times, May
22, 1847.

" This s an exceedingly useful, and, we doubt not, will prove a
very popular work. The book is indeed a most valuable adjunct to
Smith'S,, or Daniell's Practice."—The Standard, May 28, 1847.
" This work is 'well timed—the want of such a work as the one
before us has been materLdly felt, and the equity praCtitioner is here
supplied with much valuable information and assistance."—Legal
Observer, June 19, 1847.
S. Sweet, 1, Chancery-lane, Fleet-street.

JUICE'S PATENT CANDLE COMPANY.
The whole of the Shares offered to the Public, amounting
with those retuned by the original Proprietors to 23,000 having been
allotted, the Directors give notice that they are prepared to allot the
2,000 reserved Shares, giving to the Trade as many as they may new
awly for, and the remainder to the Public.
--iforr the trifOrmation of those of the Trade, who have not had an
opportunity of seeing the Prospectus, it is now published at full
lens

PRICE'S PATENT CANDLE COMPANY.
(Completely registered.)
Capital, 500,0001., in 25,000 Shares of 20/. each.

WILLIAM WILSON, Esq., Chairman.
Sir GEORGE LARPENT, Baronet, Deputy Chairman,
J. S: Brownrigg, Esq., M.P. Brice Pearce, Esq.
John Cockerel', Esq. Charles Pearse, Esq.
W. F. Cooke, Esq. Charles Ranken, Esq.
David Wilson, Esq., Ceylon.
MANAGING DIRECTORS,
J, P. Wilson, Esq., and J. F, Wilson, Esq.
BANKERS.
Messrs. Williams, Deacon, and Co.
AUDITORS.
Benjamin Lancaster, Esq. Joseph Anderson, Esq.
SOLICITORS.—Messrs. Wilson and llarrison, 1, Copthall-buildings.
This Company is formed far the purpose of carrying out on an ex-
tended scale the valuable patent inventions held by Messrs. Edward
Price and Co., of Vauxhall ; the demand for the patent produce being
already equal to the full power of the present machinery, and being
capable apparently of indefinite increase.
The Inventions in question have been in partial operation for
eighteen months, during which period (say to the 31st December
last) the concern has returned 60,1681. 14e., being a profit at the rate
of 20Y, per cent. per annum, on the average capital employed, about
195,000/. But as disadvantages under which the concern has been
worked during this period are now overcome, chiefly by the expen-
diture of a large part of the profit in perfecting the machinery, and
also as the standing charges will fall more lightly upon an increased
produce, it is estimated that the per tentage of profit on whatever
future capital may be employed will very considerably exceed that
which has hitherto been realized.
It is proposed that the Company should become the purchasers of
the concern for 250,0001. Of this total, 187,500/. will be considered
as the purchase-money for the goodwill, plant, fixed property, and
utensils here and:in Ceylon, and the remaining 62,5001. as the pur-
chase-money for the Patent Rights—forty in number.
Fixed and moveable utensils will be included in the purchase.
Floating stocks of materials, produce, &c., will be taken over at the
values iu the books balanced to the 3lit of December last. The
manufacturing profits made since that date, and, on the other hand,
the amonuts sinco appearing at the Dr. of " Plant," will be for the
Company's account. The purchase-money for the good-will, plant,
&c., will be paid by convenient instalments out of the funds of the
Company, and will bear interest at 5 per cent. per annum, from the
31st of December last.
The completion of the purchase of the Patent Rights will be de-
ferred until an Act of Parliament can be obtained to authorise the
transfer of them to the Company; and, iu the meantime, the Com-
pany will work under a license, at the moderate charge of 11. 10s.
per ton on the raw material used, calculated as from the 31st Decem-

ber last.
The reason for fixing the capital so high as 500,0001. is, that in
order to make the Company one of limited liability, it is intended
not to give to the Directors power of accepting bills or raising mo-
ney in the Company's name, but to pay for the raw materials in
cash• and to send out the requisite funds for working the oil mills in
Ceylon, in gold or East India Company's bills; and, with the same
view, the purchase of the concern will be made upon condition that
the sellers shall look to the funds of the Company, and have no
claim on the shareholders beyond the amount of their subscriptions.
A first call of Si. per share is now payable; and further calls of
21. each will be payable en the first day of July, and each subsequent
month, till 15/, per share in the whole is paid up. Two months'
notice will be given of any further calls, and these will not be of
larger amount than 21. each, nor be payable at shorter intervals
than two months.
It is proposed to limit the dividends to 201. per cent. per annum on
the paid-up capital. The first quarterly payment will be made on
the Ist of October next. All excess of profits will be carried to a
sinking fund. The books will be balanced yearly to 31st December,
and a meeting of the Shareholders will be held early in the ensuing
March to communicate to them the result of the year's operations.
The qualification of a Director will be 500 shares. The two
Managing Directors will give their whole time to the business, for
which they will receive 1,0001. a year each ; and all new inventions
which may be made•by them will be for the benefit of the Company.
The present proprietors are not diminishing their interest lu the
concern, as they intend to take among them half the entire number
of 25,000 shares. Their motive for offering the other half to the
incoming shareholders is, that they find the business grown to a
magnitude requiring the capital and machinery of a company. They
expect as large a revenue from the half share which they propose to
retain, as that which they now derive, under less favourable circum-
stances, from the possession of the whole.
This prospectus will be sent round by. post to the present retail
dealers in the Patent Candles, whom the Directors are particularly
anxious to interest in the undertaking. And 2,000 Shares will be
reserved for future allotment among other members of the trade, to
whom circulars may not be sent, but who may wish to join the
Company when made public.
Applications for shares to be addressed to the Solicitors In the an-
nexed form.
London, May, 1847. .
To the Directors of Price's Patent Candle Company.
Gentlemen,—l wish to become a Subscriber-for
Shares of 20/. each in this Undertaking, and I agree, when re-
quired, to execute the Deed of Settlement of the Company for that
or for such less number of Shares as shall be allotted to me, and to
ply the first call of 5/, per Share.
I am, gentlemen, your. obedient servant,
Reference ... • • • • ......