The Sun.
London, England, 1846-01-17 00:00:00

London-2, Fish-street-hill

Glasgow-Bs, St. Vincent-street; Manager, John M`Lellan, jun., Esq.
Dublin-12, Lower Sackville-street ; Manager, J. B. Bankhead, Esq.
The objects of this Association are twofold—the Insurance of Ships
and the Advancing of Money by way of Loan, secured by mortgage
on shipping. Each branch affords its own share of individual profit ;
but the two operations, judiciously combined, will evidently be pro-
ductive of highly remunerative results to the proprietary.
The Immense fortunes known to have been realised by individuals
who have advanced money upon the security of shipping, with.' an
assignment of the policy ot assurance, afford the hest guarantee of the
soundness of the principle upon which the. Association is founded.
The almost incredible number of British shipping under mortgage,
shown by the books of the It ristrar-General of Customs, exhibit& a
wide field for the operations of the Association. The great bulk, if
not all of these loans, have been obtained upon exorbitant terms by
the small owner from his more wealthy neighbour, who may look
rather to the obt,ining possession of the vessel by foreclosure than
to the eligibility of the security as an investment.
The Association will advance a sum of money, in no case exceed-
ing two-thirds of the vessel's value, upon the report of its surveyors ;
which loan shall he secured by mortgage upon the whole ship and
earnings by freight, the policy of insurance effected with the Asso-
ciation remaining in its hands until the termination of the period
for which the loan has been granted. .

Among the many advantages it holds out, the following are not
he least:

To the Shipowner, the certainty of obtaining, at a moderate rate,
and without injury to his credit, pecuniary assistance 'when he most
requires it.

The opportunity of relleying himself from mortgages bearing an
exorbitant interest, and effecting them, with the Association at an
equitable rate.
To the Shipbuilder, particularly when building for the market,
either at home or in our colonies, by placing him in a position less
dependent upon immediate sale at an unfavourable season.
To both, a participation in the profits of the Association by be-
crming shareholders,

The- Association embodies the following advantages for its Pro-
prietary :

The immediate certainty of securing a very large number of poli-
cies of insurance, since, although insurances will be taken without
loans, no loan will be granted unless the policy be effected with the
Association ; hence the double profit which will arise from these two
sources.
A total absence of risk to the shareholders.

It may be added that an extensive connexion has been already
formed in the leading outports, and insurance business to a large
amount secured for the Association.

The same machinery sufficing for the working of the double prin-
ciple here exhibited, the expenses of management will not exceed
those of any ordinary marine insurance-offices.

The necessary Parliamentary notices for Fitt Act of Incorporation
have been duly given in the Gazettes of Nov ember, 1845.
The whole sum required for the preliminary expenses has been
advanced by the London members of the Co,nmittee of Management.
Applications for shares, in the usual form, may be made to the
Committee of Management, and addressed to any of the above-named
officers of the Association, to the solictors, or to any of the following
agents, from whom more detailed prospeetmases may be had :—Wm.
Cafrerata, Esq., Exchange-buildings, Liverpool; Messrs. Flint and
Tootal, Hull; Messrs. Drewry and Richardson, Newcastle-on-Tyne;
Robert W. Ogilvie, Esq., Newcastle-on-Tyne; W. J. Barker, Esq.,
Sunderland ; Messrs. Carr and Sons, Whitehaven ; Tiffin Bell, Esq.,
Workington ; Messrs. Wood and Son, Maryport ; Henry Smith, Esq.,
Fleetwood ; T. Sanford, Esq., Exeter ; A. W. Forbes, Esq., Glasgow ;
J. Mac Lellan, jnn., Esq., 88, Vincent-street, Glasgow ; Messrs.
Girdwood and Co., Leith; J. lt. Bankhead, Esq., 12, Lower
Sackville-street, Dublin ; and Robert Henderson, Esq., Donegal-
quay, Belfast.

CIREAT WESTERN RAILWAY.
Notice is hereby given that the next HALF YEARLY
GENERAL MEETING of the PROPRIETORS of this COMPANY
will be holden in London, pursuant to the Act of Parliament, at the
Paddington Station, on THURSDAY, the 12th of February next, at
Twelve for One o'clock precisely for the ELECTION of FOUR
DIRECTORS, in the place of the same number, who will retire by
rotation, and for other purposes of business.
The Chair will be taken at One o'clock precisely.
CHAS. RUSSELL, Chairman.
The Directors retiring are re-eligible under the provisions of the Act.
The transfer-books will be closed on and after the 2d of February,
and will not be re-opened until after the said Half-yearly General
Meeting on the 12th of February, and the Dividend for the Half-year
ending the 31st December last, will be paid to the Proprietors, who
may be registered on tit? Company's books when closed.
By order, C. A. SAUNDERS, Secretary.
January 15, 1846.

1111 E WARWICK AND
CANAL RAILWAY.
With Branch from KICOWLE to 11A311
Provisionally liegistere,
Capital 1,000,000'., in 50,0001., o
Deposit 21. 2s. per Shar
DIRECTORS.

Sir John E. De Beauvoir, Bart.
Will.am Feckney Black, Esq.
Captain Seth . Fisher
John Freeman, Esq.
Alexander Greig, Esq.
John Grant, Esq.
William Hughes Hughes, Esq.
Thomas Bagger, Esq.
J. Douglas Hopkins, Esq.
James Morrison, Esq.
Robert Rising, Esq.
Thomas Sharp, Esq.
William Shaw, Esq.
John Wheelton, Esq.
T. Foveaux Weiss, Esq.

BIRAIINGHAM

oN-IN—ARDEN.

201. each.

Directors of the
Rugby, Warwick, and
Worcester, the

London

and Birmingham
Extension, and the
Warwick & Worcester
Railway
CoMpanies.

BANKERS.
London—The London and County Bank, Lombard-street; the
Commercial Bank of London, Lothbury
Warwick—The Warwick and Leamington Banking Company
Leamington--The Leamington and Warwickshire Banking Company
Bi,mingham—Messrs. Taylor and Lloyds.
CONSULTING ENGINEERS.
Sir John Macneil, LL.D.
James Thompson, Esq., F.R.S.E.,
John U. Rastrick, Esq., F.R.S., F.S.A.
SOLICITORS.
George Weller, Esq., 8, King's-road, Bedford-row, London
Messrs. Wright and Banbury, 11, Finsbury-place South, London
George Pell, jun., Esq., Northampton and Welford.
LOCAL ♦GENTS.
Birmingham—Messrs. Unett and CO.
SECRETARIES.
Mr. John Hervey
Mr. G. H. Weller.
Offices of the Company, 15, Old Jewry-street, Chambers, London.
PROSPECTUS.
The importance of this project, both nationally and locally, has de-
termined its promoters to bring it before the public at the present
moment, notwithstanding the difficulties which at first sight would
appear to stand in the way of its success.
The title of the scheme is sufficiently explicit to put the public in
possession of its merits without a detailed statement enumerating
them.

Arrangements are in progress with the Canal Company for its ab-
solute purchase, the final completion of which will doubtless be ef-
fected at a very early period.
The Warwick and Birmingham Canal has, notwithstanding the
opening of the London and Birmingham Rai way, yielded a dividend
of about 12 per cent. to its shareholders.
By the conversion of the canal into a railway with the benefit of a
tennirus in the centre of the large town of Birmingham, a
direct railway communication will be opened with the impor-
tant towns of Leamington and Warwick, at which latter place
the proposed line will join the branch of the London and Bir-
mingham Extension Railway Company, from Warwick to Fenny
Compton; thus opening, by means of the projected lines
through Buckinghamshire, a much nearer railway communica-
tion between London and Birmingham than the present one, in addi-
tion to conferring on the very important districts through which the
line passes the benefit of railway accommodation, and which is not
now possessed by them.
The proposed line will be in immediate and close alliance with the
Rugby, Warwick, and Worcester, the London and Birmingham Ex-
tension,and the Warwick and Worcester Railway Companies; those
Companies having agreed to subscribe a very considerable portion Cif
the required capital.
The necessary plans and books of reference have been deposited,
and notices to landowners and others duly served; so that nothing
can prevent the Company from applying to Parliament for its Act of
Incorporation in the session of 1846.
Preference will be given in the allotment of shares to parties locally
interested, to shareholders in the Warwick and Birmingham Canal,
and the Rugby Warwick, and Worcester, the London and Birming-
ham Extension, and the Warwick and Worcester R •ilwayCompanies,
The time within which parties must apply fur Shares will expire
on the 24th of January, 1846.
In the event of the application to Parliament not being made in the
session of 1846, the whole of the deposits will be immediately re-
turned to the shareholders without any deduction for expenses or
otherwise.
Applications for Shares may be made in the undermentioned Form
to the several solicitors and secretaries of the Company.
FORM OF APPLICATION FOR SHARES.
To the Directors of the Warwick and Birmingham Canal Railway
Company.
Gentlemen,—ln consideration of your allotting me Shares
of 201. each in this undertaking, I hereby undertake to pay the de-
posit of 21. 2s. per Share thereon, or on such lesser number of Shares
as may be allotted to me, and to execute the necessary deeds when
thereunto required.

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DUDLEY, MADELEY, BROSELEY, and
IRONBRIDGE RAILWAY.
For the convenience of Shareholders in London, the Scrip Certifi-
cates may he sent to the Office of the Shrewsbury and Birmingham
Company, 3, Moorgate-street, London.
By order, W. S. DARKIN, Secretary.
Stowbridge, Jan. 12, 1846.