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

PROSPECTUS OF A JOINT STOCK COMPANY,
TO BE CALLED
"THE BRITISH COTTON COMPANY."
CAPITAL £2.500,000, IN 50.000 SHARES OF £5O EACH.
SUFFICIENT' experience in the working of /Joint Stock
Companies in extensive mercantile or coati ercial pursuits
has proved to the trading community and capi ist their utility
and benefit when directed to objects requiring extensive capital
and combination of talent.
Hence it is inferred that the importati n and purchase of
Cotton offers an extensive field for the usef and profitable em-
ployment of a large capital, as demonstrated by the following
returns from official documents, showing tbat the amazing
quantity of 361,698,533 lbs. weight of Cotton Wool was imported
into Great Britain during the year 1835, the'value of which in
its raw state being no less a sum thaefinsrieen millions five hun-
dred and ninely-seven titoasand two hundred and eighty-one
pounds sterling; that out of this one mitlion three hundred and
.fifty-six thousand seven hundred and ninei,y-four pounds sterling
was exported, leaving thirteen millions two hundred and forty
thousand four hundred sind eighty-sic pounds sterling for home
consumption. The number of Cotton Factories at work in
Great Britain during the same period amount to the number of
1.070, 1,011 of which are in the counties of Lancashire, York-
shire, Cheshire, and Derbyshire; or, in other words, twenty-
seven out of twenty-eight parts of all the Cotton Mills of Great
Britain are in Manchester and the districts immediately sur-
rounding it; so that Manchester must be deemed the best situa-
tion for the general Depot for Cotton.
Tne advantage of a Joint Stock Company of this description—
its beau Establishment in Manchester—based upon strict prin-
ciples of integrity, with a Board of Directors elected from a
class of mercantile men possessing property, knowledge, and
integrity—seeking no unfair competition—conutenancing no
hazardous speculation--mt simply endeavouring to benefit the
manufacturing community by shielding the Cotton Trade from
ruinous fluctuation of prices so frequently occurring, occasioned
by the caprice or speculation of individuals—must be obvious to
' every person interested in the prosperity and welfare of the
Cotton manufacture at large.
The primary objects to be obtained are—
lst.—To encourage the growth and improvement of the Cot-
ton Plant where most desirable.
2.—To guard against the admixture of an inferior with the
superior quality, and to effectually provide against fraudulent
packing.
3d.—T6 purchase from the growers upon the most advan-
taoeaus terms that can be had for cash.
'4th.—To guard as much as possible against the fluctuation
and sudden advance, in the price of Cotton, frequently caused
by individuals for their own private gain in the absence of any
lea, or just cause.
To
aid
obtain these
profit are the objects of the promoters of this
desiderata, and. o.procure the Shareholder a
fair
undertaking.
Arrangements for:.Foreign Agencies are not yet complete,
but the Directors willlnot fail to make this department efficient.
It is, therefore, proposed to establish a Compauyunder the
denomination above named, in 50,000 Shares of £5O each.
The Subscribers to pay down 2s. 61 per Share upon allot.
ment towards the expenses incurred and incidental'te the fortna-
tion of the Company, £5 per Share within six weeks after the _
appointment of 'Directors, and a further sum of per Share
within three months after that time; the remaining £4O per.
Share at such time and in suclurnatiner as the Directors may
appoint. No Call to exceed £lO per Share, and three months'
notice to be given previous to each Call being made.
The affairs of the Company to be managed by a Board of 1
Directors elected from among the Shareholders, one part to
consist of gentlemen resident in Liverpool, and the rest of resi,
denls in Manchester and the neighbourhood.
That at any General Meeting of Shareholders each person
may vote for himself or for any other Shareholder by holding
his or her written proxy. The. Votes to be regulated thus:—
Five shares, one vote; ten shares, two votes; fifteen shares,
three votes; thirty shares, four votes; and for every additional
fifty shares, two votes. •
Any Shareholder holding Twenty Shares, or more, to be eli-
gible to become a Director.
Shareholders, whether dealers or consumers, making pur-
chases will have the benefit of established credit with the Coal.
pasty in proportion to the amount of the value of their Shares.
That the Provisional Committee forward the preliminary
arrangements, and, as soon as they deem it necessary, call a
General Meeting of the Subscribers, to be held iu Mauchester,
for the election of Trustees and Directors.

That immediately after the appointment of Directors a Deed
of Settlement be prepared containing all necessary provisions
for the protection of the. Shareholders.
That an Annual General Meeting be held in Manchester, or
in Mancheste► and Liverpool alternately, as may be agreed, to
declare the affairs of the Company, appoint Directors, Ste.
That Mr. Ackers, of Manchester, be Solicitor to the Provi-
sional Committee.
Applicatiotis for Shares must be made to Mr. DAVID Flor,T,
Share Broker, Ducie-place, Manchester, or to Mr. WOTHER-
SPOON, Share Broker, Liverpool. where Blank Applications
may be had. All Letters to be post-paid.

FORM OF APPLICATION FOR SHARES.

To the Provisional Committee of the British Cotton Company.
I request you will secure me Shares in
the BRITISH COTTON COMPANY, subject to the Prospectus.
Signed in full
Residence
Trade or Profession.
Date