The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-05-20 00:00:00

Dutiir

LOCOMOTIVE ENGINE AND RAILWAY CARRIAGE

COMPANY.——
CAPITAL £2(X),000. IN SHARES OF £2O EACH.
Deposit £1 pet Share.
DIRECTORS.
Captain Robert Page. 1 John Dover, Esq.
George Landman, Esq. 1 George Waiter, Esq.
ENGINEER—Mr. W. Curtis-
SOLICITORS—Messrs. Birkett and Co., 3, Cloak-lane.
SECRETARY—Mr. W. G. Williams.
IF
BANKERS—Messrs. Williams, eacon, and Co.
111 HE necessity of immediately fort g a Company for sup-
it plying the Railways now construe ng and already in want
of Locomotive Engines and Carriages. is a well-known fact.
The existing Manufactories are fully engaged, and refuse to
take further Orders, and without the aid of new establishments
the tenth part of the Engines at present required in this country
could not be obtained.
....

The above-named Company is, therefore, formed under cir-
cumstances leaving no doubt of its necessity; and whilst the
Directors have abstained from entering into calculations on the
probable returns which the investment may yield, yet they feel
assured that with a demand daily increasing, so far greater than
the existing means can supply, the prospect of abundant returns
is indisputable.
The Directors have secured the refusal of several very con-
venient pieces of Ground for the proposed Establishment in
the vicinity" of London, each of them of sufficient capacity
to admit of greatly extending the Manufactory in the event
of its being deemed expedient. It is not, however, intended
to call for more than one-half of the above Capital before the
result of that outlay shall have been proved to have been satis-
factory, and that an extension would he advisable.
Letters (post-paid) for applications for Shares to be addressed
to the Company's Offices, IG, Change-alley, and also to the
Solicitors, Cloak-lane.

I PROSPECTUS OF THE MANCHESTER PURCHASE
AND IMPROVEMENT ASSOCIATION.
(LIMITED TO A PERIOD OF TWENTY-ONE YEARS.)
A T a petiod, like the present, of great enterprize, and of
et
11 unexampled commercial prosperity, it i atural that the
public attention should be drawn to schet of corresponding
magnitude, and which, in less prosperous hues, would not be
conceived, or would languish for want of support. Among the
many, there must needs be some of a speculative character, or
of questionable utility, but the reflecting mind will not be
deterred by that consideration from receiving with favour those
of a beneficial tendency, under the conviction that the princi-
ples of this Association will be fairly examined and duly ap-
preciated, the originators of it proceed to develope their views.
They are convinced that the undertaking now proposed offers
great contingent advantages to some, with positive and perma-
nent good to all who may embark in it. This cannot be ob-
tained by the investment of Capital on objects in themselves
purely speculative, or which p?omise only a remote, or a low
degree of present remuneration; nor can it be accomplished by
a society of too extended a duration. It may, however, be ob-
tained by the application cf Capital to purposes producing an
immediate, an increasing, and a handsome rate of profit, pro-
-1 vided the affairs of the Society be wound up within a reasonable
period.
If the elements of prosperity for such an undertaking exist
anywhere, they are to be found in MANCHESTER—the second
town in the kingdom in point of wealth and population—the
Emporium 'of the Cotton Manufacture—already drawing into
its dominion trades formerly alien or little known to it—be-
coming, in short, THE MART OF GENERAL MANUFACTURES.
It is evident that the force of wealth and population must carry
the value of property, in front and other eligible situations, in
such a town to an amazing pitch. In fact, it is only necessary
lo keep it fur a limited period, in order to realize great profit ;
but if, when kept, it receives the assistance of a due, but econo-
mical expenditure, so as to be rendered available to more bene-
ficial purposes, or enlarged according to the exigencies of the
times, the result will be a very large return for the Capital laid
out.

It is proposed, therefore, to employ the Inds of this Society
in the purchase and improvement of sue property; and it is
quite obvious that a large Capital, such a a Public Company
can command, steadily and judiciously employed on this prin-
ciple, will produce the desired result. On this system, dividends
will be made to the Shareholders, leaving a high rate of annual
income after, securing to them (if they think proper) a return
of capital by means of Life Insurance. To this advantage will
be added the prospect of becoming, at the expiration of a limited
period of years, the possessors of the whole of the property or
Capital of the Company.
Each Subscriber is to name a life in respect of every Share
he may hold, and the Subscribers whose nominees shall be in
existence at the end of the limited period of years, or their
respective representatives, are to be entitled, in proportion to
the number of Shares which they may respectively hold at that
time tbr the lives of such nominees, to the whole Capital or
Property of the Society, which is to be sold, and the net pro-
ceeds are to be divided among them accordingly. A period of
twenty-one years is fixed as the duration of this undertaking, in
order to avoid the evident evils of a plan of too protracted au ,
existence.
With the above views, therefore, it is proposed to form a
JOINT STOCK COMPANY. to be called "THE MANCHESTER
PURCHASE AND IMPROVEMENT ASSOCIATION."
The Capital to be 1.:500,000, divided into 5003 Shares of £lOO
etch, and to be employed in the purchase and improvement of
Freehold and Leasehold Property situate within the Boroughs
of Manchester and Salford.
The Company is to exist for twenty-one years from the date
of its Deed of Settlement.
As soon as 1000 Shares shall have been subscribed for, the
Company shall shall be considered as funned. The Directors
shall have the power of disposing at a premium, or otherwise,
of such shares (if any) as shall remain unappi opriated after the
period fixed upon for receiving applications for shares shall have
elapsed.
Each subscriber shall, on or before the first day of January
next name a life in respect of each Share which he may hold,
or he may name one life in respect of several Shares.
Each Subscriber, or his representatives, shall be entitled,
in
_proportion to the number of Shares subscribed for by him,
to a share of The crear annual income to arise from the Capital
or Property of the Society during the whole twenti-one years,
whether the lives named by him shall have ceased to exist or
not. But the Subscribers, only, whose nominees shall be in
existence at the end of that period, or their representatives, shall
be entitled in proportion to the number 01 Shares then held by
them for the lives or those nominees to the whole Capital or Pro-
perty of the Company, which is to be sold, as before-mentioned,
for their benefit.
The accounts of the Society shall be balanced up to the
thirty•first day of December in every year of its duration, and
the clear annual income of the current year, up to that day,
shall be divided among the Shareholders.
A meeting of the Shareholdeas shall be called by the Di-
rectors for the time being, at least six calendar mouths before
the end of the 21 years, in order to decide upon the mode and
time (such time not to exceed three years) in which the Society
shall be brought to a close.
The interest of the Shareholders shall be in the nature of
personal estate.
The property of the Company shall be vested in three Trus-
tees, to be appointed at a General Meeting of the Shareholders,
and a vacancy by death or otherwise in the number of such
Trustees shall be supplied in like manner.
The business of the Company shall be under the manage-
ment of seven Directors, three of whom shall form a quorum.
The Directors shall be chosen at the first General Meeting of
the Shareholders, to be called by the Provisional Committee ;
two of them shall retire at every General Annual Meeting.
The retiring Directors may be re-elected.
There shall be a General Annual Meeting of the Share-
holders in the month of March 1838, and in every successive
year, at which a Report shall be made of the state of the
Society, and its general interests shall be considered :—previous
to such Meeting the accouuts of the Company shall be audited
by, two persons to be appointed at the preceding General
Meeting.
The business at every General Meeting shall be decided by
vote; every Shareholder possessing five Shares shall have one
vote, and, if more, one additional vote for every successive
number of five Shares which he may hold, but so that no
Shareholder shall have more than six votes. No person shall
have a right to vote or any other right than to receive his
dividends in respect of any Share after the life named in respect
of such Shares shall have dropped.
No person shall hold more than 100 Shares at any one time.
With a view to prevent speculative applications, each Share-
holder shall be required to pay on allotment a deposit of £5, per
Share, and shall afterwards pay such furthercalls as the Direc-
tors shall require, nut exceeding £5 per Share at any one time
nor more than £2O per Share in any one year, audio that three
months' notice at the least shall be given of each call, and three
mouths at the least intervene between the payment of each
call. But an additional call (not exceeding
,£lO per Share in
any one year) may be made, in case the same shall be decided
on by a General Meeting of Shareholders, to be specially con-
vened for that purpose.
The Shares of all persons who shall refuse to pay any call
within the time prescribed, or to execute the Deed of Settlement
of the Company within twenty-one days after such notice as
the Directors shall appoint, or who shall not name their re-
spective lives within the time and in the mode above mentioned,
shall, at the discretion of the Directors, be forfeited, and be-
come part of the general Stock of the Company.
Shareholders shall be at liberty to transfer their Shares to
such persons as the Directors shall approve, and shall thence-
forth be discharged from all liability to the Company.
The Directors shall cause a Deed of Settlement to be pre-
pared for carrying into effect the objects of the Company, the
Draft of which shalt be submitted to a Special General Meeting
of Shareholders; and, when finally settled, such Deed shall
constitute The Deed of Settlement of the Company, and shall be
executed by all the Shareholders.
Applications for Shares to be made to the Solicitor, or to any
of the following Sharebrokers :—Mr. THOMAS CARDWELL, Mr.
WITHINGTON and Mr. E. H. LEVYSSOHN, Manchester;
By order of the Provisional Committee,
WILLIAM CASSON, Solicitor,
14, Brown-street, Manchester.

FORM OF APPLICATION.
Sir, I hereby authorize you to put down my name as a
SUbscriber for Shares in " The Manchester Purchase and lin-
,.
pi...Orme:lit Association," which Shares I engage to take on the
terms and conditions of the Prospectus of the said Company.
Name in full----
. Trade or Profession----

To Mr.

Residence

Place of business, if any.

IMPORTANT to the Nervous, the Aged, the Infirm, and all
suffering from local and general Debility, &c.

HARVEY'S RESTORATIVE CORDIAL.
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ioe 4... 6d. and lls. per bottle. Sold by BoddiriOton and
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Gerdes, Bradford, Scholefield,, Swift, Chemists, Liverpool,;
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