The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-04-26 00:00:00

PROS PECTUS

or THE
LIVERPOOL ME PLC EIANTS' JOINT STOCK. SALT
CON PANY.
CAPITAL, £2lO MO lu 00 SHARES OF £25 EACII.,I(

THE immense injury which the Merchantsand Ship
of this Port have sustained, in conseguenceof I h °nib,
al ion of the Salt Proprietors tcrsupprt the preSent .ceediogly
huh rates, is too well known.-to require much co ) eot; it may
be proper, however, to observe, that this porti of our trade
has suffered a very material diminution, while ur rival poll,
Gloucester, as well as several ports in France. Spain, and Por-
tugal. have been reaping a proportionate benefit. Previous to
the combination being entered into, the annual export of Salt
aveiagen 375;000 tons; -but, owing to the nrweedings of the
p, event monopoly, it has been reduced to about 250,009 tons.
-thus drawing from our port the ann!..;.al exportation of 125,000
tons. , ,
For flit v,ero years previous to the egisteuce of the combioa-
tiori; 'Coinrimn Salt was selling at flow B+.d /o,' -2 'per ton, and
Stoved and other Salt in 'proportion ; lidt- isi ,the establish-
ment of the monopily it haS been incoeialssloile 2t.' 6d:,- thus in
if,
c,easin4 1 fie'price of the article from 45 to 50 per cent.; and a
still foil lice advance is in contemphifion.
As -1116,r:ban-Is and Shipowners.'generallv may not be cc_
quai9ted with the,reason why these high prices are sustained,
it maybe well to renork, that the enormous profits,which' were
realised, chiring4he period the,Salt Manufacturers were under
the survey or the. ExClie, ;rained there to take long leases of
their works at.Ahigh rents, in ithe full expeetation that there
would he no alteration in the then existing laws, add (bat their
plofits would in unwise lie ditr,inished.
A considerabte:portiou of such leases remain still' unexpired,
and, as the profits atb considerably reduced to what they were
when from 10s:_to 255-:per.ton were the selling pi ices, the pre-
sent combination has been entgred into to support those who
may be thus circumstanced, as *ell as to prevent a fair compe-
tition in the trade.
To do away with Ibis monopoly, it is proposed to form a joint
Stock Company, to consist of 10.000 Shares at 1.:25 each, and to
he conducted upon such principles as will ensure the constant
supply of a good article, atit remunerating price to the Com-
pany, as well as being advantageous to the purchaser, and not
subject him to such fluctuations in the value as he has for the
last few years been compelled to submit to, whereby a large
portion of Shipping has been driven to seek those advantages in
foreign ports which we ate so well calculated to afford in our
own.

Among the advantages to be derived from such a Company
having suitable Works erected in the viciniy of the Port, where
Coasting Vesselsqnight load as they now do at Garston, the fol-
lowing may be enumerated, viz.,
1. That a considerable saving would be effected in bringing
Rock Salt to the Works to be manufactured, from the well-
known fact, that, with the assistance of salt water, one ton of
Rock will yield at least 25 cwt. of mainrfactuied salt; conse-
quently, of the Weaver dues, and freight to be charged upon
the Rock brought down, (say Is. river dues, and freight 3s. per
Ton,) there would be a considerable saving in these items alone
independently of the increase • for, were the article -manufac-
tured up the Weaver, the dues and freight would become
chargeable upon the weight of the manufactured article instead
of tha raw material.
3. That a saving would be effected in the purchase of fuel,
which forms a serious item in the manufacture of Salt, as the
Weaver dues would be entirely avoided by sending to Runcorn,
or entering into an arrangement with some of the Coal Pro-
p; ietors of St. Helen's, to deliver at the Works.
3. That the advantage of always being able to supply, in a
few bouts' notice, whatever quantity might be required by ves-
sels in any of our Docks, would cause all parties, except those
persoriallY interested in Works up the Weaver, to apply to the
Company, as they would not be compelled to wait for several
days in-a state of uncertainty whether they would be able to re-
ceive their supply or not, the Mats being so frequently detained
at Weston Point from want of water, or by contrary winds, and
the water of the Weaver being freqUently run off for a period
of fourteen or fifteen days at a time.
4. That the present prices are exorbitantly high may be
proved from the circumstance of Common Salt having been
sold for years at from Bs, to 9s. per ton, and Stoved and. other
Salt in proportion, thus advancing the price of the article frOm
45 to 50 per cebt.; cousequentiv, if the minimum selling price
be limited t 9 10s., and the expense of 'Manufacturing be taken
even at Ss. per ton, there would still•he a direct profit of 25 per
rent. on the outlay, with a still greaterper centage on the'roore
profitable manufacture of Stoved Salt, independently of the ad-
vantage to be derived fromithe Company employing their own
Flats, which geneially4elthough paying a handiomeprofit) are
a separate and dislina inteiest.
That the idea of having Works erected in the 'vicinity of the
Port (which may afford to-pay a profit on the outlay) may not
be considered merely chimerical, reference need only be made
to the Works on the banks of our river, at Garston and Dun-
geon, the highly respectable proprietors of which have for the
last century carried on an extensive and profitable business,
although compelled to bring their Rock through the river
Weaver to their Works on this river, and have successfully
competed with the manufactu..ers on the Weaver.
Independently of the considerations already adduced, there
is one circumstance which must not be .kept out of view, viz.,'
the probability that in a very shoat period the East India mo-
nopoly in this'article will be thrown open to fair competition,
which will no doubt prove highly beneficial to the manufac-
turers in this district, especially es our trade with all parts of tbe
eastern hemisphere is-rapidly on the increase.
That the name of the Company be "THE LIVERPOOL
ERCHANTS' JOINT STOCK SALT COMPANY."
The affairs of the Company to be managed by twelve Direc-
ori, each holding twenty-five shares, or upwards; five to be a
quorum

The Shares to be appropriated on the 30Th of April instant,
E 2 per Share to be paid on allotment, and further calls to be
made at the discretion of the Directors.
No individual to hold more than one hundred Shares in the
Company. _ _

A bolder of five Shares to have one vote ; of twenty-fire
Shares, two votes; and for every twenty-five Shares, beyond
the first twenty-five, an additiunal vote; so that the holder of
one hundred Shares will be entitled to five votes.
Applications for Shares, with christian and surname, resi-
dence and profession of the Applicants, to he sent, undercover,
to the Office of Messrs. SHACKLETON, WRIGHT, and HUNTER,
Brunswick-street; to Messrs. THOS. TINLEY and Co., Ship and
Share Brokers, 106, Oldhall-street; or to Mr. Tilos. Foust, 1.11,
23, Exchange-buildings. . _ _

April 19th, 1616.
At a MEETING of the PROVISIONAL COMMITTEE of
the LIVERPOOL MERCHANTS' JOINT STOCK.
SALT COMPANY, held This Day,
It was resolved, •
That an Adveitiement he prepared and inserted in the CheS-
ter and Liverpool Pap-rs for off,s of Salt. lines and Works.
That all persons bolding 10 Shares and upwards in the Corn-
pany to be allowed an extra Discount of 21, per Cent. upon all
Purchases made from the Company.