The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-04-19 00:00:00

PROSPECTUS OF THE LIVERPOOL UNION
MILL COMPANY.

THE Projectors of this Company have contemplated its
formation for some months, and though the pre nt an-
nouncement is made at a period in one respect unfo nate, on
account of the numerous speculations now afloat, me of which
have thrown discredit with many persons on , ewly foamed
Joint Stock Companies, yet the Projectors have been led to
announce this Company at the present I -- this very account,
in order that the attention of the Inha nts of Liverpool and
the Neighbourhood maybe directed t its advantages, which
come home to every One of them, before Capital has been other-
wise embaiked.
The complaints of AdulteraW Bread and of high prices
Piave been too general and wenounded to require any parti-
cular elucidation of their truth, and the high price of Bread in
the last'year, at a time when Wheat was unpiecedently cheap,
is fresh in the recollection of every one.
To obviate these complaints and to supply this town and
neighbourhood with good unadulterated Bread at a cheap rate,
it is, therefore, proposed to establish, in Liverpool, a Company
for the Grinding of Corn and the making of Bread on a scale
commensurate with the demand which the utility of such a
Company may reasonably be expected to ensure for it.
The Shareholders being Consumers of their own Bread, a
certain guarantee will be thereby given that it will be good,
wholesome, and unadulterated, which will alone recommend the
undertaking to the Public, and to the poorer classes in parti-
cular, as deserving of support.
As an eligible investment for Capital, it is conceived the un-
-1 dertaking cannot fail to answer the expections which its Pro-.
jectors have (brined, from the success of similar Companies in
other large towns. . .
It is also proposed to erect the Mills on such a scale that,
independently of Grinding sufficient for the Company's own
consumption, they will also be enabled to carry on an extensive
business as Millers, a business so lucrative, that alone it would
bring in a liberal return for the Capital to be invested.
The Capital required for the efficient working of the Com-
pany will not exceed £150,000, including the Purchase of Land,
and, the Erection of Mills and other Buildings, and suitable
Machinery.
It is intended that the Company shall be called " THE LI-
VERPOOL UNION MILL COMPANY," and with the
view of extending the interest in the Company as far as possible
amongst the Housekeepers at large, and uniting all classes and
interests in its support, it is proposed to raise the required Capi-
tal in 15,000 Shares of £lO each.
The Management to be vested in Five Directors, each hold-
ing 50 Shares, and Three to be a quorum.
'l'he Directors to be chosen at the first meeting of the Share-
holders, which will be held within ten days after the allotment
of Shares, and of which due notice will be given.
At the first General Meeting the holder of five Shares, or un-
der, will have one vote ; the holder of ten shires two votes ;
and the holder of twenty shares or upwards two votes, and one
additional vote for every ten shams above the first ten ; each
Shareholder to be allowed to vote by proxy, such proxy being
a Shareholder The right of voting at future meetings to be
then fixed.
The proposed regulations of the Company will be laid before
the Shareholders at their first General Meeting, and a Deed of
Association will be prepared, pursuant to the regulations then
adopted, which deed will be executed by each Shareholder
within twenty one days after the meeting.
The shares of those persons who shall not execute the deed
within the time limited shall be forfeited, and the deposit paid
by them become part of the funds of the Company.
The object being, not to fill up the share list rapidly, but to
give to the housekeepers of Liverpool and its neighbourhood an
opportunity of satisfying themselves of the eligibility of the pro-
posed undertaking, and thereby to establish the Company at
the outset on a firm and extended basis, the share list, notwith-
standing the very numerous applications for shares, will not be
closed until Friday, the 29th instant, and the allotment of
shares will be made on the following day, and notice immedi-
atelygiven to each Shareholder. ,
A deposit of £1 per share must be paid within seven days
after the allotment of shares, into the hands of the Bankers to
the Company, to the account of the Provisional Committee,
and such persons who have not paid the deposit will not be al-
lowed to vote at the first general meeting, but their shares will
be forfeited. , --

The subsequent calls will be made by the Directors as re-
quired, but a larger sum than £1 per share shall not be called
for at one time, and one month's notice shall be given of each
call.—An arrangement will be recommended at the general
meeting for allowing parties desirous of paying up the full
amount of their shares, to do so and receive interest on their
money.

Copies of the Prospectus, and printed forms of application,
of Shares, may be obtained, and applications for Shares must
be left at the Offices of Mr. COGLAN, Share Broker, No. 12s
Exchange-street East; or of Messrs. WORTIVUGI ON and Hour,
Solicitors, Chapel Walks, Liverpool.
Liverpool, 16th April, 1836.