Star.
London, England, 1824-04-23 00:00:00

WEST INDL4 COMPANY.

At a time when the advantageous employment of
money is so diff.cult that it is forced into foreign coun-
tries for the temporary and uncertain benefit of higher
interest gran is afforded in England, a more appropriate
investment has presented itself in the formation of a
West India Company, which, at the sanie time that it
will give an impulse to long-established sources of Bri-
tish production and wealth, will secure a liberal return
of profit. This Company is instituted for the purpose
of receiving consignments of West India produce, in re-
turn for advances to be made on mortgage, and other
good security, upon a scale which will afford an ade-
quate profit on the capital employed ; and also ofMaking
temporary advances upon the assignment of mortgages
bearing colonial interest with collateral security. One
material circumstance in favour of such an investment
is, that the profits of the Company, instead of being dimi-
nished, will he considerably increased in the eventof war.
The establishment of this Company will he as advan-;
tageous to all persons interested in the Colonies, as to
the Subscribers. It is anticipated that immediate ac-
tivity will be given to the circulation of colonial pro-
perty by the advances which the Company will make to
parties who can offer adequate security with consign-
ments of produce. This will have the effect of mull-
taining the fair value of the West India estates, and thus
operate favourably on the condition of the negro popu-
lation, which is intimately connected with, and in a great
measure dependent on, the prosperity of the master.
It can scarcely be necessary to say, that such an in-
stitution (emanating, as it would, from the West Indian
merchants themselves, and principally conducted by
persons chosen from their body) could have no view to
a monopoly, or any exclusive privileges: on the con-
trary, the leading principle and the fundamental regu-
lation of the Company would be, in no manner what-
ever to interfere with private establishments, the only
object being to enable the West India interests to apply
a permanent and efficient relief to their own property,
which such a Company would efftcr, at the same time
that it would be beneficial to those who subscribe ca-
pital to its establishment.
The Company will consist of Vice-Presidents, Au-
ditors, and twenty-four Directors, twelve of whom shall
be West India merchants.

The capital of the Company is Four millions, con-
sisting of 40,000 shares of £lOO each, on which a de.
po,it of £lO is to be paid—Es thereof at the time of
subscribing, and £5 on or before the 15th of May.
Further instalments, upon due notice from the Direc-
tors, will be called for as the business of the Company
may require.
The Institution having received the sanction of Go-
vernment, it is proposed that the capital shall form a
joint stock, to be vested in the Company by Act of
Parliament, limiting the liability of the Proprietors to
the amount of their respective shares, and a Bill to that
effect is preparing.
Interest at Five per cent. on the instalments will be
paid for the first year; after which, such part of the
profits, not exceeding three-four ths, as the Directors
may think fit, shall be divided, and at the end of every
seven years, or earlier, at their discretion, a proportion
of the reserved profits shall be distributed by way of
bonus among the Proprietors.

Sea Gulls were yesterday seen flying ahout the river
Thames, as high up as Westminster and Vauxhall
bridges. The morning in particular was very squally;
the river wax exceedingly rough : and those who are
€4 weather-wise," amongst whom may be numbered
some of the venerable Jadies, predicr, from this appear-
ance of the sea gulls in their neighbourhood, that much
stoitny weather is in store for us. It certainly is a very
unusual thing to observe these birds so high up the river,
except daring, or on the approach of bad weather.
AThe. following are the concluding lines of an inscrip-
tion on a newly-erected stone on the north side of St.
Br ide's*Church-yard :
She was ever in loved in the circle of
Her acquaintance, I-ct
united
In her death the esteem of all;
Naintly,-by-the bequeathing ',titer remains
Os a Patriotic Lai),
• to be.tqetied for the Druck of
ThOse of her own >ez I`,llo are,
• Or hereafter may be,
Attacked by a disease similarly viruleat
To that under which she suffered,
whi .11 has hitherto been deemed
li.curable by Medical Art.

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