The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1840-05-22 00:00:00

PROSPECTUS OF THE
GLASGOW AND AYRSHIRE IRON COMPANY.

PROVISIONAL COMMITTEE.
HENRY DUNLOP, Esq., Merchant, Glasgow.
JAMES EWING, Esq., Merchant, Glasgdw.
JOHN numirlo, Esq., Merchant, Glasgow.
ARCED. HAMILTON, Esq., Carcluie, yrshire.
Wm. LECKIE EWING, Esq., Mere t, Glasgow.
ttA
JOHN BAIN, Esq., Merchant, Glas w.
WILLIAM CONNAL, Esq., Merchan Glasgow.
ROBERT NAPIER, Esq., Engineer, Glasgow.
Professor Me troL, Glasgow College.
JOHN MITCHELL, Esq., Merchant, Glasgow.
J. B. Nzu.soisr, Esq., Engineer, Glasgow.
JAMES MTLELLAND, Esq., Accountant, Glasgow.
Professor WILLIAM COUPER, Glasgow College.
A. WKWNZIE KIRKLAND, Esq., Merchant, Glasgow.
A. G. GILKISON, Esq., Merchant, Glasgow.
ALEXANDER AIRD, Esq., Crossflat, Muirkirk.
WILLIAM MATHIESON, Esq., Merchant, Glasgow.
JAMES REID, Esq., Merchant, Glasgow.
WILLIAM WILSON, Esq., Merchant, Glasgow.
AT a period when the Iron Trade of Scotland is known
to be so profitable; there appears every inducement for
the formation of a New Joist Stock Company. It is no
secret that, in Lanarkshire, Renfrewshire, and other parts of
Ihe country, individuals, by adventures to a limited extent,
nave realised fortunes. Now, in addition to the immense
luantity of Coal, and other minerals in Ayrshire, the recent
uiscovery of extensive fields full of Blackband Ironstone
?Pens a new source for the production of Pig Iron, at the
lowest price, and of the best quality. The landed proprieters
are naturally desirous of rendering these hitherto unknowd
tesources available ; and a spirit of enterprise has already
sprung up in different districts, which only requires to be re-
gulated by skill, and assisted with capital.
It is under such circumstances that it has been determined
ta,.? establish a Joint Stock Concern, to be named, " THE
GLASGOW AND AYRSHIRE IRON COMPANY." The mini-
Illutn capital is fixed at £100,000; and, that the object may
Cot be unnecessarily retarded by the delays unavoidably at-
tendant on arrangements for the purchase of land, the acqui-
sition of mineral leases, and the erection of buildings and
Machinery the projectors of the Company have resolved to
'Cake an immediate commencement in the same county ;
and, with this view, have obtained an advantageous offer of
the Muirkirk Iron Works, which the partners are willing
either to confirm, or leave the price to mutual reference.
These Works have been already established for about half a
century, and have ielded handsome returns to the roe-
tors, who are desirous of retiring from the active charge of
the business. There are Four Blast Furnaces, with Blowing
Engines for the production of Pig Iron • two Forges for the
manufacture of hammered Bar Iron and' Implements, and a
Mill for making Rolled Iron : together with all the requisite
Buildings and Machinery, a &mat command of Water Power,
and extensive accommodation for Workmen. A very large
field of the richest Blackband has recently been brought into
operation, and which can be raised at very low rates ; inde-
pendently of inexhaustible supplies of Coal, Limestone, and
Clay Ironstone. While at home the produce of these Works
has been highly appreciated, in the United States of Ame-
rica and other foreign markets the Pig Iron has always re-
ceived a decided preference. The projected Railway from
Carlisle to Glasgow is expected to pass within a short dis-
tance of the Works. Thus, a nucleus will be formed for the
future prosecution of the trade, and a source of immediate
return will be secured for the shareholders. Not only the
Idistrict immediately around, but various parts of the county,
have been ascertained to possess the same valuable strata,
and thus to afford the means of extending the operations to
any prudent extent. As soon, therefore, as the concern is
established, the Directors will be ready to receive proposals,
.tirough the Secretary, from the landed proprietors, stating
' a terms for mineral leases, to which immediate attention
will be paid.
An unexampled demand for Iron in the construction of
Railways, Bridges, Vessels, Steam-engines, and all general
purposes, exists in almost every part of the kingdom ; while
ithe peculiar value of Scotch Iron in foreign markets pro-
-1 an ample channel for the disposal of any surplus quan-
ItY. The pretensions, therefore, of the " Glasgow and
Ayrshire Iron Company" are not founded on theory or spe-
culation ; they rest on facts which cannot be controverted—
broughttonmel treasures of Ayrshire, which have now been
light—on the fortunes already realized by those
tepidly
in the Trade connected with Glasgow—and on the
:Nlidly increasing demand for the materials of Iron around
.uat great and enterprising city. To all who are interested
ul the prosperity of the fine county of Ayr an opportunity
Will thus be presented of opening up its latent resources, and
increasing, its wealth.
~ The Capital of the Company, as already stated, will, for
!.tle present, be limited to £lOO,OOO, which will be divided
Into 4000 Shares, at £25 each, to be called up at the discretion
of the Directors, by Instalments not exceeding £5 per Share,
tf which due notice will be given, and a Deposit of 2s. 6d.
per Share will be paid on account of the first Instalment.
Sat as it is anticipated that there will be a great demand for
Directors
in such a promising concern, it is that the
pirectors shall have power to increase the Capital, by addi-
tional Subscriptions, us circumstances may warrant, to
4:200,000.
A considerable number of Shares have already been sub-
tseribed for. Applications for remaining Shares may be made
al:4-yr n DueomoßN, Aecountant, 24St. Enoch-square, or
WILLIAM MEIKLEMAN, 27, College-street, Glasgow •or to
BENJAMIN COLEMAN, Stock and Share Broker,
Exchange-court, Exchange-street East, or to
HENRY CROSS, Solicitor,
15, South John-street, Liverpool.

By Mr. BYFORD,
On FRIDAY, the sth day of June next, at Twelve o'clock at
Noon, at the Clarendon Rooms, Liverpool, subject to such
conditions as will be then and there produced,
, A LL that Piece of LAND, with the Fourteen
Lot.l'll DWELLING-HOUSES thereon, iu t several
occupations of Messrs. Culshaw, Howard, Gibb Buckley,
Davis, Miller, Edwards, Long, Woods, Ea n, Halsall,
Boyes, Sinclair, and Gaven, situate on th west side of
Gildart-street, and in Gildart-court, in Li pool, bounded
on the north by Prudhoe-street, on the so th by Land and
Premises now or late belonging to Edward Stephenson, on
the east by Gildart-street, on the west by a common Passage
of six feet wide, containing in front to Gildart-street forty-
six feet and eight inches, and extending in depth on the north
side along Percy-street eighty-one feet and six inches, and
on the south side eighty feet, and being in breadth at the
back forty-six feet and ten inches.
If thought more desirable at the time of sale this lot
will be offered in the following portions or allotments, viz.,
Three HOUSES, fronting Gildart-street.
Five HOUSES, fronting Prudhoe (late Percy)-street.
Two HOUSES, fronting Rowland-place.
Four HOUSES, fronting Gildart-court.
Lot 2.—A1l that Piece of LAND, with the Two DWELL-
ING-HOUSES, OUTBUILDINGS, and STABLE erected
on part thereof, situate on the west side of Spitalfields, and
south side of Shawhill-street, in Liverpool, containing in
front to Spitalfields and in breadth at the back severally 65
feet 2 inches, in front to Shawhill-street 51 feet, and in depth
on the south side 54 feet.
The Tenure of each Lot is Leasehold for seventy-five
years. Lot 1 is held from the Corporation of Liverpool,
and the term commenced on the 25th of August, 1827, at a
pepper corn rent. Lot 2is held by Lease from Mr. Crosse,
and the term commenced on the Ist of March, 1836, and is
subject to an annual ground rent of £34.
• Mr. JACKSON, Tailor and Draper, Whitechapel, Liver-
pool, will show the Property ; and for further particulars
apply to Mr. GRIFFITHS, 10, St. Ann's-street, Liverpool ;
or to Mr. NraL, Solicitor, 26, Castle-street, Liverpool.