The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-04-22 00:00:00

..„
' • PROSPECTUS. I?iriT otli
THE LANCASHIRE' WIRE-DRAWING• METALS, •
.
PIN: AND NEEDLE COMPANY.
C £60,000,.1N 2,0(X) S II A HES OF £2O
Tdaily increasing demand in Lancashire and the adja-
cent counties for all descriptions of Iron, Steel, Brass and
Copper Wire, and the great inconvenience already experienced
by the Trade generally in Manchester and other neighbouring
Towns from the very inadequate supply afforded to the Manu-
facturers and Reed-makers, clearly show t • propriety of an
Establishment being erected in Mancheste upon a sufficiently
extended scale to meet the wants of the tra e and the community
at large.
There is no doubt that such an E lishment, under a judi-
cious system of management, will be f incalculable advantage
to the trade, that it will meet with corresponding encourage-
ment, and that it will amply repay the Proprietors and sup-
porters of the undertaking.
The Company will have for one of its objects the supply of
Iron, Steel, 'Brass, and Copper Wire of the very best quality,
at defined prices, subject to the rise or fall of the primary
markets, and at the same rate of discount to ail parties, thereby
avoiding the present system of partial dealing, so inconsiftent
with the prineiPleS of fair and free trade.
The dealjagl eof the Company will also embrace:—Copper,
in SheetsTil p, Bars, or Rod's; 'Fin Plates, in Boxes; Tin, in
Blocks, Ingofs, or.Strtns; Brass in Sheets, Rolled or Tubes;
Zinc, in Cakes, or Rolled; Spatter, Solder, and other descrip-
tions of small Iron used in the Manufactures of Lancashire.
In the Pin departMent, this Company will have the exclusive
benefit of a newly-invented Machine, saving an expellee of
several hundred poueds per annum.
From the recent alterations in the American tariffs, as well
as the commercial arrangements on the continent of Europe,
and the rapid extension of the Manufacturing Establishments,
the consumption of Iron Wire has increased to a most unprece-
dented degree; and, from very minute enquiries lately made,
it.appears that in the whole of this great manufacturing 'county.
there are no more than two Wire-drawing Mills, one of a mo-
derate and the other of P. small-size, (both of which are situate
in Manchester,) and so totally incapable are these of meeting
the immediate and urgent orders for Wire that many such
orders not only remain fOr a length of time unexecuted, but
some are even rescinded. •
In Birmingham and the neighbourhood, the proprietors of
mills from some cause decline to undertake the completion of
any further orders in the trade, except at distant periods.
With a view to remedy the evil and to enable the Manufac-
turer and Reed-maker to obtain Wire of the first quality, pro-
perly seasoned, it is proposed to establish a Joint Stock Com-
pany to he called the LANCASHIRE WIRE-DRAWING
METALS and PIN and NEEDLE COMPANY, CAPI-
TAL IMMO, IN 3,000 SHARES OF f.:10 EACH.
That the Company shall be under the controul and superin-
tendence of a Board of Directors, not exceeding ten in number,
to be appointed at the First General Meeting of the Share-
holders.
That no Person shall be permitted to hold more than Sixty
Shares. .

That no Subscriber holding less than Twenty Shares shall
be eligible to become a Director.
That the qualification for , voting at general meetings shall
be :—.For every Five Shares and up to Fifteen Shares, one
vote; and fur every Fifteen Shares beyond that number, one
vote.

'rhat each Subscriber shall pay Five Shillings per Share im-
mediately upon the allotment, towards defraying incidental ex-
pences ; and Throe Pounds per Share within ten days after
the appointment of Directors.
That all further calls shall be under the controul of the Di-
rectors for the time being, subject to their giving twenty-eight
days' notice to the Shareholders, but no call shall exceed E.)
per Share.
That, should the Company at any time lose one-third of its
paid-up capital in any one year, a Special Meeting of the
Shareholders he called by the'Directors, who shall have power
to dissolve the Gompany in case two-thirds of such Share-
holders should so determine, but not otherwise, the remaining
capital being divided in due proportions amongst the Share-
holders.
All application for Shares to be directed to Mr. STAINBANK,
Solicitor, Marsden-street, or to Mr. WILLIAI4 JONES, General
Agent and Sharebroker, King-street, Manchester ; Mr. THOS.
BARBER, Share,broker, argreave's-buildings, Exchange,
Liverpool; Me,,srs. lANGARD and VAUGHAN, Solicitors, Stock-
port; or Mr. WOODHOUSE, Solicitor, Bolton, of any of whom
printed forms of application as tinder, may be obtained and to
venom all letters (post paid) may be addressed.
Lancashire Wire Drawing- Metals, and Pin and Needle
Company.
To ihe. Provisional Cuninuttee;
Gentlemen,
1 am desirous of becoming a Shareholder in this Cote-
pany, subject to the Regulation's dontained in the ProspectnSi
and request you Waren& mo Shares.'
Name.
Occupation.'

Address.'