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

PROSPECTUS OF A JOINT STOCK COMPANY,

TO BE CA4LED
"THE BRITISH COTTON COMPANY."

CAPITAL £2,500,000. IN 50,000 SHARES OP £5O EACH.
QUFFICIENT experience in the working of Joint St
CY Companies in extensive mercantile or commercial
has proved to the trading community and capitalist
and benefit when directed to objects requiring ex*
and combination of talent.

is utility
fisiye capital

_ .... .....
Hence it_ is inferred that the importatie‘ and purchase of
r
Cot ton offers an extensive field for the I and profitable em-
ployment of a large capital, as demo rated by the following
returns from official documents, sh wing that 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 than Jimrieen millions fire hun-
dred and ninely-seven thousand two hundred and eighty-one
pounds sterling; that out of this one million three hundred and
fifty-six thousand seven hundred and ninety four pounds sterlint,
was exported, leaving thirieen millions two hundred and forty
thousand four hundred and eighty-six 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, 1.01 l 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. ,
The advantage of a Joint Stock Company of this description—
its head Establishment in Manchester—based upon strict prin-
ciples of integrity, with a &card of Directors elected front a
class of une,cantile men possessing property, knowledge, and
integrity—seeking no unfair competition—countenancing no
hazardous speculation—but simply endeavouring to benefit the
manufacturing community by shielding the Cotton Trade from
ruinous fluctuation apices so frequently occurring, occasioned
b:i 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 frauclUlent
packing.
3d.—To purchase from the growers upon the most advan-
tageous 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
real or just cause.
To obtain these desiderata, and to procure the Shareholder a
fair and ample profit are the objects of the promoters of this
undertaking.
Arrangements for Foreign Agencies are not yet complete,
but the Directois will not fail to make this department efficient.
It is, t herefore, proposed to establish a Company under the
denomination above named, in 50,000 Shares of £5O each.
The Subscribers to pay down 2s. Gd. per Share upon allot-
ment towards the expenses incurred and incidental to the forma-
tion of the Company, £5 per Share within six weeks after the
appointment of Directors, and a further sum of £5 per Share
within three months after that time; the remaining £lO per
Share at such time and in such manner as the Directors may
appoint. No Call to exceed £lO per Share, and three months'
notice to he given previous to each Call being made.
The affairs of the Company to be managed by a Board of
Directors elected frotti among the Shareholders, one part to
consist of gentlemen resident in Liverpool, and the rest of resi-
dents in Manchester and the 'neighbourhood.
That at any General Meeting of Shareholders each person
mac vote for himself or tor any other Shareholder by Holding
his Or her written
.proxy. The Votes to he 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 Cons.
panv in proportion to the amount of the value of their Shares.
l'hat 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 in Manchester,
for the election of Trustees and Directors.

That immediately after the appointment of Directors a Deed
of Settlement be Prepared containing al necessary provisions
for the protection of the Shareholders.
That an Annual General Meeting be held in Manchester, or
in Manchester and Liverpool alternately, as may he agreed, to
declare the affairs of the Company, appoint Directors, &c.
That Mr. Ackers, of Manchester, be Solicitor to the Provi-
sional Committee..
Applications for Shares must be made to Mr. DAVID HOLT,
Share Broker, Ducia-place, Manchester, or to Mr. WOTHELI-
- 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 BRlTisti COTTON COMPANY, subject to the Prospectus.
Signed injull
Residence
Trade or Profession.
Date