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LIMITED LIABILITY CHRONICLE
JOINT STOCK TIMES.
VOL. III.-No. 105.
FEBRUARY 1, 1857.
Price 9d. [Published the first of erery month.
DINING LONDON. WINE COMPANY
, WHEREFORD RAILWAY.-loans on Debentures.
(Limited). -The business of this Company is carried on The Directors are open to RECEIVE LOANS on the Com- The Prospectus of this Company is now ready, and may at 43 and 41, Lime-street, City, when the scrip is ready to be pany's Debentures to a limited extent, in sums of not less be obtained at the Offices of the Company; or by application exchanged for the banker's receipt. than 1001. for three, five, or seven years. The interest to be to the Secretary. By order,
By order of the Board of Directors, paid hal-yearly. in January and July. Offers of loan to be
RICHARD PRIDMORE, Secretary.
W. W. SHAND, Secretary. addressed to
THOMAS PRITCHARD, Secretary. Hungerford-hall, Strand. 26. Spring-gardens, Charing-cross, London, Jan. 2, 1857.
BRITISH and COLONIAL
RYSTAL PALACE COMPANY. - NATIONAL DISCOUNT COMPANY THE BRITISHcamCOLONIAL
BURGLARY. and FIRE ALARUM THE BRITISH SHE AND COMPANY
Debentures. - The Directors are prepared to receive
(LIMITED). -Capital 2,000,0002.
infirmed that CERTIFICATES of SHARES are ready to be TENDERS for LOANS on the remaining Debentures of the Approved Mercantile Bulls Discounted for parties properly EXCHANGED for BANKER'S RECEIPTS every lawful day,
between the hours of ten and four o'c ock. Companr, bearing interest at 5 per cent per annum, for introduced. Money received at Interest on Deposit, repayable at call
By order, three, five, or seven years, at the option of the parties ten
A. C. HOWDEN, Manager. dering. or at fixed periods. By order,
A few unappropriated shares will be allotted to respectablo RICHARD PRICE, Secretary.
Offices, 25, Birchin-lane, Lombard-street,
COMPANY (LIMITEN), for the Protection of Life and TATERFORD and KILKENNY
'HE BRITISH LAND COMPANY Property (under Royal Letters Patent). RAILWAY.—The Directors of this Company are
Capital 100,0001., in 50,000 shares of 21 each. Deposit prepared to receive LOANS upon the Company's Debentures
108. per stare. ESTATES at Watford, Oxford, and the resorved portion at 52 per cent per annum. for three, five, or seven years, to fronting the Wandsworth-road, or the Clapham Station
Omces, 25, Poultry. meet the debentures falling due. Interest payable half
A company is now in the conrse of formation under the Estate, may now be taken, on payment of a deposit of 10 yearly at the Company's Bankers, Messrs. HEYWOOD, KEN
Limited Liability Act, for wurking valuable parents which per cent, and the balance with interest, in nine annual hare been obtined, having the above objects. Pending the NARDS, and Co., 4, Lomb-d-street. By order,
instalments, WILLIAM SLADE PARKER, Secretary. Plans, with conditions of sale, may be had on application to inspect the working mo'iels, as also the invention itself,
completion of the final arrangen.ents, the public are invited 17, Gracechurch, London, Dec. 23, 1856. at the Offices, 14, Moorgate-street, City.
which is also lately applied to doors, windows, &c., in the
W. E. WHITTINGHAM, Secretary. TONEY.- The REAL and PER
offices of the company, 25, Poultry, daily, between the hours
of 11 and 5. SONAL ADVANCE COMPANY (LIMITED).- Incor- URGLARY and porated by Act of Parliament.--This Company ADVANCES
THE GENERAL COOPERAGE LOANS reparable by instalments, from 101. upwards, upon Free hold or Leasehold Property, Deposit of Deeds, Leases, Liability Act, having for the above objects the working of 50.0001.--A Company is being formed under the Limited
NOTICE IS HEREBY GIVEN, that the FIRST ORDI&c; Bills of Sale, or approved personal security.
NARY GENERAL MEETING O! the Shareholders will be Apply at 4, Beaufort-buildings, Strand. Office hours, 11
certain patents which have received the highest commendatill 5 daily, aud on Thursday evenings from 6 till 8. tions and approval Scientific men, and all others who take
held on WEDNESDAY, the 7th day of JANUARY 1857, at ROBERT SANDERS, Secretary.
an interest in the subject, may see working models of the TWELVE o'clock at noon, at the Ofices of the Company, rglary and Fire Preventor, applied to rooms, windows,
And Notice is Hereby Further Given, that the said Meeting OANS on DEBENTURES. -The avors, &c., at the Company's Offices, 25, Poultry, daily, be.
is intended to be Adjourned to some day to be then fixed, tween the hours of 11 and 8. Directors of the London and Blackwall Railway Com
such day to be wi' hin thirty days from the day of adji urnpany are prepared to BORROW MONEY on debenture, to a
ment, according to the 7th Rule of the Articles of Association limited extent, at 4) per cent. interest, for three or five ATIONAL GUARANTEED of the Company. years, to replace debentures falling due the 15th January.
By Order, JOS. HODGE, Se. By order, JNO. F. KENNELL, Secretary.
Dated the 19th Dec. 1856. this Company beg to inforın the subscribers and the public, Omices, London Terminus, Fenchurch-street,
that they have REMOVED from 77, King William-street. to December 26, 1856.
their permanent offices, 2. Moorgate-street, City. The THE BRITISH and COLONIAL OANS on DEBENTURES. The
Directors have also the pleasure of informing iheir sub-
Loans Company are prenared to receive TENDERS for LOANS on the supply of mannres daily. Persons of influence and un- transacted promptly on real and every description of availDEBENTURE BONDS, in sums of not less than 5001. ; in-doubted respectability, desirous of acting as agents for the able securities. Capitalists, solicitors, and land agents seekterest pavable half-yearly. -pplications to be sent to the Company's Offices, Ulver. / Company, are requested to communicate with the Secretarying investments will find this Company & realy means for
order of the Board, stone; to Mr. W. G. TAUNTON, 26, Birchin-lane, London; or
selecting the best securities. Abore 1,000,0001. sterling
GEO. G. LAMB, Sec. pro tem. to Mr. HERUY Rawson, Exchange-arcade, Manchester.
ready for investment, The Company are prepared to nomiOffices, 2, Moorgate-street, City.
nate corresponding agents in the leading towns throughout JAMES RAMSDEN, Secretary.
England on terms of a hihly remunerative character, so as OANS
to make it worthy the attention of gentlemen of persevering on DEBENTURES. — The GENERAL APOTHECARIES' COM
business habits. UT
Prospectuses and every information on
By order, A. C. HOWDEN, Manager. COMPANY (Incorporated 1846). –The Directors of the London, is established to supply the medical profession and 3, Lothbury, London, Jan. 20, 1857. Electric and International Telegraph Company are prepared the public with unadulterated drugs, chemicals, and all 'to RECEIVE LOANS upon the Company's DEBENTURES, medical preparations. Everything purchased is subjected to
MENERAL PAWNBROKERAGE to a limited extent, at 57 per cent. per annum, for three or careful testing and analysis, and everything is sold under five years, to meet Debentures falling due. Interest paid its proper designation.
Professional men are respectfully COMPANY (Limited): incorporated by Act of Parliahalf-yearly, 31st March and 30th September, at the Com- reminded that the certainty thus secured in the quality of ment.--Shares 52 each ; 58. to be paid upon application; 15s. pany's bankers'. Messrs. Glyn and Co., Lombard-street. remedial agents will greatly facilitate the successful treat- upon allotinent; the first call (10s per share), on the 13th
By or ler, J.S. FOURDRINIER, Secretary. ment of diseases, improve the science of medicine, and Oct. 1856, and the remaining calls at intervals of three Lothbury, 4111 December 1856.
enhance their own reputation. Prescriptions of all kinds months.
are prepared with sciencific accuracy.-49, Berners-street, No liability beyond the shares held. O PUBLIC COMPANIES.London.
This company offers peculiar facilities for investment
calculated to return from 15 to 20 per cent., with real secuWANTED, TWO or THREE GENTLEMEN, of posi
rity. tion and influence, to join the direction of a bona fide under
AMBETH BATHS and WASH
Bankers-Sir C. Price and Co. taking of a profitable character, now in full work under ilmited liability.
Prospectuses, and all other information, to be had of the given, that the HALF-YEARLY GENERAL MEETING of solicitors, Messrs. ROBERSON and MADDOX, Serjeants'-inn Apply, by letter, to “R. G.," care of Messrs. Wilkinson the Shareholders of this Company will be held at the Offices Fleet-street; and of the Managing Director, at the offices of and Co., 26, Gresham-street, City.
of the Company, situate in Mount-street, Lambeth, on Thurs. the Company, 481, Oxford-street.
day, the 15th day of January 1856, at Twelve o'clock at noon BILITY.-A gentioman of experience in their forma- Directors in the room of Henry Maud-lay, Esq., and John
THAMES STEAM-TUG and tion and obtaining capital, can render efficient aid in any Sewell, Esq., who retire by rotation, but who will he proposed
LIGHTERAGE COMPANY (LIMITED). such establishment. Bona fide applicativns from principals for re-election, also to elect two Auditors, and on the general Thomas Brassey, Esq., Lowndes-square, Westminster. only attended to. Address • ALPHA," City News.rooms, Chonpside.
business of the Company.
Horatio C. Day, Esq., Isleworth, Middlesex.
George Knight. Esq., 4, Talbot-square, Hyde-park. MORTGAGE and INVESTMENT
Sir Morton Peto, Bart, Great George-street, Westminster. COMPANY, now in formation, under the Limited
William Swann, Esq., 1, Queen-sqnare, Westminster. Liability Act, is open to the Co-OPERATION of TWO
BRITISH STEAM FISHERIES William A. Tyler, Esq., 14, Leinster-terrace, Hyde-park. GENTLEMEN to be upon the Board of Direction. The in
Particulars as to rates, &c., can be obtained of the vestments are calculated to be very profitable. Qualification JOHN ARTHUR ROEBUCK, Esq., M.P. Chairman.
Managers, Messrs. KEEN and BLAKE, Corn Exchange, and 2501.
Notice of Call. --Notice is hereby given, that the Directors
Northumberland-wharf, Brentford, W.; and at 78, MarkAddress “ Manager," care of Messrs. Cockshaw and
lane. of the British Steam Fisheries Company (Limited) have this
By order, CHARLES ELEY, Jun., Secretary. Yates, printers, 32, Ludgate-hill.
day made a CALL of 31 per share, net, and the shareholders 28, Parliament-street, Westminster.
are hereby requested to pay the amount thereof to the City IMITED LIABILITY DIRECTORS. Bank, Threadneedle-street, London; or to the Directors, at
At a SPECIAL GENERAL MEETING of the sharealready insured is desirous of meeting with two other gen- day of January 1857. tlemen to comriete the direction. Qualitication about 2501
Shareholders who feel disposed to pay their remaining New Broad-street, London, on the 16th of December inst., it
holders of this Company, held, pursuant to notice, at II, For full particulars address, with real name, to "M. P.," calls at the same time will receive interest upon such ad
was resolved: Ir. Anderson's, Law Stationer, 31, Southampton-buildings, vance at the rate of 6 per cent per annum. Chancery-lane.
By order of the Board,
1. That the resolution passed at the General Meeting of DUN M'LAUCHLAN, Secretary.
the Company on the 2d of December, dissolving the present Cunty-chambers, 14, Cornhill, London, Dec. 6, 1956.
company and reforming it under the "Joint-Stock Compa
nies Act 1856," with limited liability, be confirmed. to convert an existing manufacturing business, situate The Directors take this opportunity of informing the share- 2. That the assets, liabilities and effects of the late TreIn the Midland Counties, into a Company with Limited Lia- holders that they have made arrangements for commencing valga Slate Company be transferred in trust to Mr. William ability. Capital required, twelve thousand pounds.
operations at the port of Harwich by the beginning of Febru- Col ier, of 11, New Broad-street, London, for sale and transfer Full particnlars may be obtained by letter addressed ary, and hope to be able to declare a dividend in June next by him to the proposed new company, called the Tievalga *P. BC." (No. 79.), at thc (Mice of the LIMITED LIAN!LITY Prospectuses and forms of applications for the remaining Slate Company (Limited.) By Order, J. W. SMITH, CREONICLE, 29, Esses street, Stronu.
unallotted shares to be had at the Ofices of the Company. 4, Lothbury, December 19, 1856.
COMPANIES under LIMITED LIA- Pribelsels to receive the rement of tradition est to select on THE
, TREVALGA, SLATE COMPANY
BANKRUPTCY of the ROYAL THOMPASY. For the Erection of a Model Lodging-house
THE MONS UNITED COLLIERIES Theehen. W. Wilberforce Bira, Esq., late Deputy-Governor of the most fa futbe kerthefaupers that may be required with the
2 50 36
number will, we hope, exhibit a great advance- The Royal British Bank affair has passed ment.
through some more phases. The new shareJ.-We should not like to place our money in such an invest
We trust that those who are interested in holders who subscribed for the new issue of Regulus must remember that the liability of a director is Limited Liability Companies will make this shares have applied to the Court of Bankruptcy liable only for 2., so that his wealth affords you no pro- Journal the medium of their correspondence on for leave to prove against the estate in respect of
subjects affecting them. All communications their advances on such shares, upon the ground G. T.-The office named is very respectable. You need not will receive immediate attention.
that they were induced to take them by the be afraid to appear as its agent. To Rushort.-You cannot form an insurance company under The subscription of 10s. for the year, or 5s. fraudulent misrepresentations of the directors,
the existing law. The Act that protected them is ro- for the half-year, may be transmitted in postage whose balance sheet showed a flourishing state pealed. R. A.-An opinion has been taken, and the difficulty remains stamps, and, in return, the Journal will be of affairs when the bank was really insolvent. A READER (York).—You have stated your caso so imper- forwarded, postage paid, on the day of publi- The court has not yet pronounced its decision,
but from the remarks of the Commissioner it fectly that it is impossible to advise you upon it without cation. more preci-e details. Our impression is that you have no We venture to prefer another request, that is obvious that he has a strong opinion against A PROMOTER --Deeds of settlement are abolished. You sab- the Companies will advertise their prospectuses, the claim. It is of great importance to all
stitute for thein articles of association, which should be notices of meetings, &c., &c., in these columns, parties, for if entitled to prove they would be drawn by counsel.
for here, those to whom they are addressed, exempt from calls. The same point has been N. N. N.-We calculate that a company cannot be conducted
in the cheapest way under 1001. a year. This is inde- will be sure to turn for all information relating raised incidentally in the Queen's Ben«b, on pendently of the cost of conducting the business.
to Limited Liability Companies, and others not an application by a creditor to take out execu
having already representatives in the press. tion against one of the new shareholders, who NOTICE.
We ask the Secretaries and Officers of Com- objected on the same ground. The court has The subscription to this Journal is 108. for the year, panies to send us their reports, balance-sheets, taken time to consider, but the judges there or 53. for the half year, paid in advance, for it will &c., and any other information as to their also expressed themselves strongly against the be sent post-paid to the subscriber on the day of doings which they may desire to communicate, argument, which indeed involves this practical publication. The subscription may be sent in postage stamps, or by post office order.
and which we will gladly publish without result:--Thatin
any partnership, if one partner ADVERTISEMENTS for the LIMITED LIABILITY charge.
deceives another, the deceived partner may set CHRONICLE should be sent to the Office not later We shall be obliged by suggestions of any up that defence to a claim by a third person than the 24th of each month.
additions or improvements which may be whose goods or money he has rereived, and thought to increase the utility and interests of whose demand he wants to repudiate because
the Limited Liability Chronicle, they shall be his speculation has been unsuccessful. In the LIMITED LIABILITY CHRONICLE adopted if practicable.
meanwhile, executions are going against sbareholders by wholesale. Many of them have
sold off and left the country, and others are JOINT STOCK TIMES. JOINT-STOCK SAYINGS AND DOINGS. preparing to follow the example. One direc
Sixteen new Limited Liability Companies tor only has been brought belore the court as
were registered during the fortnight preceding yet. Mr. Humphrey Brown, M.P., has been MONDAY, FEBRUARY 1, 1857.
our last publication. The total number whose declared bankrupt, and has made an arrange
details we have reported now amounts to 232, ment with the official assignee which Mr. LinkTO READERS.
with a total nominal capital of 11,483,2901. later stated in the court to be very creclitable The Limited Liubility Chronicle appears to-day They are thus classified:
to him. He has rendered every possible assistas a distinct and independent Journal.
ance in the settlement of his very complicated That there is ample room for it, a wide field Banking and Money Lending
accounts with the bank, and so has saved a of utility before it, and a large constituency to
Exhibitions and Amusements
vast amount of litigation. The bankruptcy which it may confidently look for support, there
Gas and Waterworks
vacates Mr. Brown's seat in Parliament, but can be no doubt.
not for twelve months. Another incident in this If the Mining Companies can maintain a
terrible affair has been the perplexity of the
Mining journal of their own, and the Railway Com
shareholders who have had calls made upon panies two journals, and the Gas Companies Public Buildings
them both by the official manager and the offianother journal, among all the miscellaneous Protessional
cial assignee, and they protest that they cannot companies not comprised within either of these Railways and Telegraphs
meet both. We understand that a plan has classes—the great and rapidly increasing array Trading (wholesale and retail)
25 been suggested forthe settlement of the business, of Limited Liability Companies, which will Shipping
15 without more ado, by the following arrangevery soon outnumber all the rest combined, Full particulars of these, stating their names, ment:-The wealthy shareholders will subsıribe can and will in like manner maintain a journal objects, nominal capitals, number of shares the sum necessary to pay off the creditors, and devoted to their service, as are the Mining and actually subscribed, &c. will be found in pre- then enforce contribution from the rest of the Railway journals to the service of those two vious numbers of this Journal.
shareholders. This will be to them the cheapest sections of joint-stock enterprise.
The continued high rate of interest operates course in the end, for it will save the enormous Already more than 600 companies are incor- still to the depression of joint-stock enterprise. cost of years of litigation, all of which must porated under the new act. Io each of these Where persons who have money can obtain 5 come out of their pockets sooner or later. We it is both useful and interesting to be informed per cent. for it by depositing it with absolute are glad to hear that there is great hope that of all that concerns the law and the business of safety in a first-class bank, it cannot be ex- the proposition will be acceded to. The decompanies, and to preserve permanently in pected that they should hazard it in a joint posits have been offered for sale and fetch from their offices a record of their own doings as stock enterprise, however promising. But 58. to 108. per share after the dividend paid of well as of those of others.
when the rate of interest falls, as fall it must 58. 6d. in the pound. That
the object of the Limited Liability in a few months, unless we plunge into another The trial of Redpath has thrown no new light Chronicle. Published on the 1st of each war, we shall have a very different feeling upon the actual amount of money embezzled month, it will collect every kind of information afloat. Let 24 be the utmost that can be ob- from the Great Northern Railway Company. useful to directors, officers, and shareholders. tained with safety, and we shall find those who It has had the good effect of calling forth a Here wiil be found full particulars of all the possess money ready enough to invest it in any strong resolution of the Committee of the new companies that are formed, of the doings scheme that bears a promise of bringing them Stock Exchange against the practice of brokers of companies, of the law affecting them, as dividends. Then will come the harvest of buying and selling shares for clerks and serdecided by the courts or enacted by the Legis- projectors, secretaries, directors, stags, and vants—the true source of most of the robberies lature ; instructions for forming and condict- all the tribe that lie in wait to profit by mo- by officials which have lately startled the world. ing companies; answers by competent persons ments of public folly. We shall not then count Among the new companies lately formed are to the queries of correspondents seeking infor- the number of new projects by tens, but by the following : mation; the letters of correspondents on sub- hundreds or thousands. A monthly issue The Hide and Skin Company. It is described jects of interest to companies; reports of their will not enable us to report a tenth of them. as being " for the purchase ot' hides and skins, meetings of business done, of their progress, We shall be compelled to make a weekly, and their collection on commission for rerepor of their winding-up:
perhaps a daily, appearance, while the mania tion and sale on consignment and for making If each company will become a subscriber, is growing. But the end will be as certain as advances on them.” This is a business which at the cost of only ten shillings for a year, there that of all former joint-stock fevers. There ought to be very sufficiently conducted by an will be an ample support to enable this Journal will be a crash ; thousands of families will be individual
, unless, indeed, there is some nianito carry out efficiently all its plans for their ruined; the mischief will be greater and more fest advantage from trading in it with :: assistance. It is hoped that its very trifling wide spread than ever before, under the foster- capital larger than an individual would be cost will introduce it to the hands of the ing of a law which provides facilities for willing to invest. In this case the capital proOfficers and Solicitors of Companies, and to roguery; and then the country, in sober sada posed is a large one, no less than 50,0001. in not a few Shareholders. As the change to an ness, will demand a modification of the law that shares of 21. °But, unfortunately, at the time independent existence, and its consequent has wrought such evil. How long it may be of registration, of the 25,000 shares required increase in size and importance, was not re- before the crisis comes, the wisest could not only 350 were subscribed The profiis of such solved upon until late in the month, time has venture to prognosticate, for it must depend a business are not easily estimated, but the not permitted the adoption of many improve- upon the money market; and nobody can reader will, of course, take care to s e that ments which are contemplated. The March / foretell the prospects of that.
they are clearly shown. Todced it would be