HEREFORD RAILWAY.-Loans on Debentures.The Directors ar open to RECEIVE LOANS on the Company's Debentures to a limited extent, in sums of not less than 1007. for three, five, or seven years. The interest to be paid hal-yearly, in January and Julv. Offers of loan to be addressed to THOMAS PRITCHARD, Secretary. 26. Spring-gardens, Charing-cross, London, Jan. 2, 1857. UNGERFORD - HALL Price 9d. (Published the first of erery month. DINING LONDON WINE COMPANY The Prospectus of this Company is now ready, and may CRYSTAL PALACE COMPANY.-NATIONAL DISCOUNT COMPANY Debentures.-The Directors are prepared to receive TENDERS for LOANS on the remaining Debentures of the Company. bearing interest at 5 per cent. per annum, for three, five, or seven years, at the option of the parties tendering. Coupons for the half-yearly interest will be attached, payable at the Union Bank of London. By order, G. GROVE. Secretary. LOANS on DEBENTURES. The (LIMITED). -Capital 2.000,0002. Approved Mercantile Bills Discounted for parties properly introduced. RICHARD PRICE, Secretary. (Limited). The business of this Company is carried on at 43 und 41, Lime-street, City, when the scrip is ready to be exchanged for the banker's receipt. THE By order of the Board of Directors, BRITISH and COLONIAL By order, A. C. HOWDEN, Manager. A few unappropriated shares will be allotted to respectable parties. BURGLARY and FIRE ALARUM COMPANY (LIMITED), for the Protection of Life and Capital 100,0007., in 50,000 shares of 21 each. Deposit 10s. per share. Offices, 25, Poultry. BRITISH LAND COMPANY Property (under Royal Letters Patent). Plans, with conditions of sale, may be had on application W. E. WHITTINGHAM, Secretary. QURGLARY PREVENTION and THEMPANY (Hamilton's Patent): Limited. FIRE ALARUM COMPANY (LIMITED). Capital, certain patents which have received the highest commenda- NOTICE IS HEREBY GIVEN, that the FIRST ORDI- And Notice is Hereby Further Given, that the said Meeting this Company beg to inform the subscribers and the public, GEO. G. LAMB, Sec. pro. tem. Offices, 2, Moorgate-street, City. ENERAL APOTHECARIES' COMUPANY (LIMITED), 49, Berners-street, Oxford-street. COMPANY (Incorporated 1846).-The Directors of the London, is established to supply the medical profession and 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 to a limited extent, at 51 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 half-yearly, 31st March and 30th September, at the Com-reminded that the certainty thus secured in the quality of pany's bankers'. Messrs. Glyn and Co., Lombard-street. remedial agents will greatly facilitate the successful treatBy order, J. S. FOURDRINIER, Secretary. ment of diseases, improve the science of medicine, and Lothbury, 4th December 1856. enhance their own reputation. Prescriptions of all kinds are prepared with scientific accuracy.-49, Berners-street, London. AMBETH WASHHOUSES COMPANY (LIMITED).-Notice is hereby given, that the HALF-YEARLY GENERAL MEETING of the Shareholders of this Company will be held at the Offices of the Company, situate in Mount-street, Lambeth, on Thursprecisely, to receive the report of the Directors, to elect two Directors in the room of Henry Maud-lay, Esq., and John Sewell, Esq., who retire by rotation, but who will be proposed for re-election, also to elect two Auditors, and on the general COMPANIES under LIMITED LIA- day, the 15th day of January 1856, at Twelve o'clock at noon BILITY. A gentleman of experience in their formation and obtaining capital, can render efficient aid in any such establishment. Bona fide applications from principals only attended to. A Address" ALPHA," City News-rooms, Cheapside. MORTGAGE and INVESTMENT COMPANY, now in formation, under the Limited Liability Act, is open to the CO-OPERATION of TWO GENTLEMEN to be upon the Board of Direction. The investments are calculated to be very profitable. Qualification 2501. Address "Manager," care of Messrs. Cockshaw and LIMITED LIABILITY DIRECTORS. already insured is desirous of meeting with two other gentlemen to comlete the direction. Qualification about 250% For fall particulars address, with real name, to "M. P.,' Mr. Anderson's, Law Stationer, 31, Southampton-buildings, Chancery-lane. IMITED LIABILITY.—It is proposed LI Dated the 19th Dec. 1856. THE BRITISH and COLONIAL AGENCY COMPANY (LIMITED) undertake every Thomas Brassey, Esq., Lowndes-square, Westminster. Horatio C. Day, Esq., Isleworth, Middlesex. THE BRITISH STEAM FISHERIES Wticulars as to rates, des, cant be ontained of COMPANY (LIMITED). JOHN ARTHUR ROEBUCK, Esq., M. P. Chairman. Shareholders who feel disposed to pay their remaining DUN M'LAUCHLAN, Secretary. to convert an existing manufacturing business, situate in the Midland Counties, into a Company with Limited ability. Capital required, twelve thousand pounds. Full particulars may be obtained by letter addressed "P. B C." (No. 722), at the Office of the LIMITED LIABILITY CHRONICLE, 29, Essux-street, Strand. 1. That the resolution passed at the General Meeting of the Company on the 2d of December, dissolving the present company and reforming it under the "Joint-Stock Companies Act 1856," with limited liability, be confirmed. 2. That the assets, liabilities and effects of the late Tre valga Slate Company be transferred in trust to Mr. William THE SPINAL and GENERAL porated under 19th and 20th Vict. cap. 47. Under the management of a Board of Directors. Major-General GEORGE R. PEMBERTON, Chairman. Consulting Surgeon and Medical Director-Joseph Ames- Office of the Association, 310, opposite the Royal Polytechnic Institution. This Association has been instituted to provide establish- ments at private residences, in different localities, for resi- dent or non-resident patients in the upper and middle classes of society, for the treatment and cure of lateral and other curvatures of the spine, and other deviations from the natural figure in the spine, chest or limbs, and of contraction of the joints, and local and general muscular weakness. The several establishments will be conducted with the highest regard to privacy, rank and propriety, and will be under the care of orthopaedic surgeons of the first talent, who will devote their whole professional services to the patients under treatment. The modes of treatment practised by the medical staff will be the most efficient hitherto adopted, and embrace all im- provements in orthopedic surgery that from time to time All communications respecting the establishments and the reception of patients should be addressed to the consulting Surgeon, J seph Amesbury, Esq., at 26, Fitzroy-square, London, with whom an interview may be had daily, from 10 to 12 o'clock. Prospectuses, and every information relative TION (Limited). Provisionally Registered. Capital 10,0007. in shares of 107. each; deposit 24. 10s. per share. harles Vignolles, Esq., F.R.S., Chairman, 21, Duke-street, Philip Delamotte, Esq., F.S.A.. King's College, London. Roger Fenton, Esq., B.A., 2, Albert-terrace, Regent's-park. Professor Goodeve, M.A., F.R.A.S., Woolwich. Frederick Hardwich, Esq., 1, Clifton-villas, Upper Hollo- William Lake Price, 5, St. James's-terrace, Harrow-road. Lewis Pocock, Esq., F.S. A., 20, Upper Gower-street. Bankers-The London and Westminster Bank. Solicitor-D. Cullington, Esq., 2, Craven-street, Secretary-Professer Brewer, M.A., F.R.G.S., King's College This Association has been formed for the advancement of practical and scientific photography. It proposes to apply photography-1, to medical, scientific literary, artistic pur- poses, and to portraiture especially: 2, to take fac-similes of deeds, papyri, autographs inscriptions, early-printed books and manuscripts: 3, to open rooms for instruction in photo- graphy: 4, to collect patterns of apparatus and specimens sf chemicals for photographic purposes, tested under the super- intendence of first-rate chemists; 5, to aid the topographist and illustrator; 6, print negatives for amateurs and share- holders; 7, to form a library connected with the art for pur- poses of consultation; 8, to establish a general central place of meeting for foreign, provincial and metropolitan photo- graphers connected with the Association. It has been satisfactorily ascertained that. after payment of all expenses and setting aside a reserve fund, a dividend of at least ten per cent.. with other advantages detailed in the prospectus, may be expected by the shareholders. For prospectuses and shares apply at No. 4, Trafalgar- square, London, the offices (pro tem.); or to J. S. BREWER, King's College; or D. CULLINGTON, Esq., Solicitor, 2, Craven- THE BANKRUPTCY of the ROYAL THE BRITISH BANK. To the Depositors. - Notice is hereby given, that the CREDITORS can now PROVE their CLAIMS at the offices of the Committee of Depositors, 17, Sise-lane, Bucklersbury, London, daily, between the hours of 9 a.m. and 6 p.m. Creditors are particularly requested to prove heir debts without delay. become liable for more than the amount of his Shares.- Provisionally Registered; capital £200,000, in 80,000 shares of £2 10s. each; deposit, 2s. per share. Charles Barber, Esq., Lloyd's and Chamberlain's-wharf. Captain Fendali, St Edmund's-terrace, Regent's-park, Director of the London and Eastern Banking Corporation. Charles Joyce, Esq., Moorgate-street, Director of the Bank W. D. Starling, Esq., Laurence Pountney-lane, and Bromley, (With power to add to their number.) Bankers.-Messrs Masterman, Peters, and Co., Nicholas- COMPANY, for the Erection of a Model Lodging-house, Eagle-court, Strand. - Capital 5000, in shares of 10-Lia- bility limited to the amount of subscription. The Viscount INGESTRE Chairman. Subscriptions are solicited to carry out the object of the Company. Perhaps no other district in the metropolis needs more than this some step of social amelioration. Prospectuses and further information may be obtained of Engineer. James Gascoigne Lynde, Esq., M. Inst. C.E., F G.S., 7, Great Queen-street, Westminster. This Company is formed for the supply of gas and water to the city of Marysville, California, under two concessions by the municipal authorities, under an Act of the Legisla- ture, whereby these privileges are granted for terms ex- Marysville is the third city of California in population and importance. In the two others, San Francisco and Sacra- mento, gas-works have been already established. The price of gas at San Francisco is 15 dollars or 60s. per 1000 cubic feet, and the Gas Company there realised last year 70 per cent. profit. The Sacramento Gas Works give nearly a Marysville is most advantageously situate, being the na- tural terminus of the water conveyance. In 1852 the resident population was only 4500, it is now estimated at 18.000; be- sides this, the trànsit population is very large. Water is supplied to the inhabitants at present by water carts; the charge for a bucket of four gallons is 124 cents.. or 6d., and two hogsheads delivered daily are charged at 8 dollars (32s.) The reports of the British Consul at San Francisco, and of temporary offices of the Company, 34, Lime-street. Mr. Lynde, the Company's Engineer, may be seen at the Applicants for shares will be required to pay 2s. per share into the Company's bankers', which will be returned on all Applications may be made to the broker, E. F. SATTER- THWAITE, Esq., 38, Throgmorton-street; or to the Secretary, Montagu Chambers, Esq., M.P., Child's-place, Temple-bar, Thomas Abraham, Esq., New Broad-street, London. Solicitors-Messrs. A. and W. Bristow, London-street, Green- Bankers--The London and Westminster Bank. Secretary (pro tem.)- Mr. James Matthews. Temporary Offices-6, Love-lane, Eastcheap. This Company has been established with the view of de- veloping the peculiar nature of this branch of trade, and with the further intention of remedying the present existing irregular supply, so much felt and complained of by the To accomplish the above object, the Company has suc- ceeded, at a nominal rent, in securing the exclusive right of collecting ice from a large extent of water, the property of the Grand Surrey Canal and Dock Company. In addition to which, a lease has been obtained, upon equally favourable terms, of a spacious plot of ground, with frontage and wharfage on the banks of the canal, for the purpose of erect- ing ice wells and other buildings necessary for carrying on The Directors anticipate with confidence an enlarged sale in foreign block ice, and by having secured the wharfage before-mentioned (eligible from its situation and proximity to the Docks), are assured of being enabled to offer the public a regular and continual supply, and upon far more reasonable terms, than hitherto has been accomplished by those already engaged in the sale of this article. Indeed, the idea of form- ing this Company first entered the minds of the promoters by the knowledge and constant report of the insufficient PANY (Limited), for establishing Steam Navigation on the Rivers of India. Capital 250,000, in 25,000 shares of 107. each, with power to increase it to 1,000,000l. Deposit 10s. James Allan, Esq., Managing Director of the Peninsular and Oriental Steam Navigation Company by this Company alone; upon such terms as would not only prove beneficial to the consumer, but renser a large amount of profit to the proprietary-an amount of profit which the Directors estimate (at the minimam) at 20 No person can incur any liability beyond the amount of In conclusion, the Directors believe that to carry out the above intentions not more than 57. per share will be required His Grace the Duke of Wellington. The Right Hon. the Earl of Albemarle. Lieut.-General the Right Hon. Lord James Hay, Chairman. The Right Hon. Lord Viscount Bury. Lieutenant-Colonel the Right Hon. Lord Arthur Hay. Baron Gudin. Chatean Beanjon, Paris. William Gladstone, Esq. (Messrs. Thomson, Bonar, and Co.), J. Fortescue Harrison, Esq., Cambridge-square, Hyde-park. Robert William Kennard, Esq.. Upper Thames-street. In London-Messrs. Williams, Deacon, Labouchere. Thorn- ton, and Co, Birchin-lane; Messrs. Hankeys, 7, Fen- In Mons-Messrs. Guillochin, Sons, and Co. In Paris-Messrs. Charles Laffitte and Co. Solicitors-Messrs. Amory. Travers, and Smith, London; Brokers-Messrs. Joshua Hutchinson and Son; Messrs. Temporary Offices, No. 46, Moorgate-street. Prospectuses and forms of application for shares may be obtained at the Temporary Offices of the Company, or at the Each applicant for shares will be required to pay into one of the bankers of the Company one pound (17.) per share on the number of the shares applied for, in part payment of the deposit of 27, in exchange for which a voucher will be given. In the event of the Directors allotting less than the whole number applied for, the amount paid in will be appropriated towards the deposit of 21. per share, payable on those allotted. Should no allotment be made to the applicant, Captain Bold, K.T.S., Belvidere-villa, Millbrook, near South- Harry Borradaile, Esq., late Civil Service, Bombay John Bourne, Esq., late of Messrs. John Bourne and Co.'s Lieut.-General John Briggs, Madras Army, late Political Agent in Candeish, and officiating Resident at Nagpore Colonel A. Cotton, late Chief Engineer of Madras Captain Cotton, R. N., Alport house, Whitchurch, Salop Major-General Dickinson, late Chief Engineer of Bombay Montague Gore, Esq., South Audley-street, Grosvenor-square Lieut.-Colonel Grimes, Hon. E.I.C.S., lately stationed at Captain Hutchinson, Hon. E.I.C.S., Assistant Civil Engineer, Colonel Atwell Lake, C.B., Aide-de-Camp to the Queen, late Engineer of the Kistnah Irrigation Works G. May, Esq. (Messrs. May, Mathewson and Co.), London and Colonel the Hon. R. T. Rowley, 47, Berkeley-square (With power to add to their number) Managing Director-John Bourne, Esq., late of Messrs. John Bourne and Co.'s, Glasgow and Greenock Engineer-James Kennedy, Esq., late of Messrs. Bury, Curtis and Kennedy's, Liverpool Solicitor-Henry R. Hill, Esq., 23, Throgmorton-street Bankers-Messrs. Williams, Deacon and Co. Secretary-John Mathewson, Esq. Offices, 9, Billiter-street, London. This Company is established for two reasons-first, because it is wanted, and second, because it will pay. India wants cheap means of conveyance for her produce; water convey- ance is cheaper than any possible mode of conveyance by land, and 10,000 miles of this cheap water conveyance will be afforded by the great rivers when properly navigated by steam. The last dividend of the Ganges Steam Company was 48 per cent. per annum, and the latest returns of a navi- gation company on the Godavery was 55 per cent. The field, however, is far too large to be adequately filled by local effort, and an English company is necessary, which, with adequate capital, will render available the resources of FORM OF APPLICATION FOR SHARES. To the Directors of the London and Foreign Rough and Block Gentlemen,-Having paid into the London and West- minster Bank the sum of £ to your credit. I request you shares of 101, each in the above named Company; and I hereby undertake to accept the same, fr any less number that you may allot me, to pay the calls G. T.-The office named is very respectable. You need not be afraid to appear as its agent. TO RUSHOUT-You cannot form an insurance company under the existing law. The Act that protected them is repealed. as before. number will, we hope, exhibit a great advance ment. We trust that those who are interested in Limited Liability Companies will make this Journal the medium of their correspondence on will receive immediate attention. subjects affecting them. All communications The subscription of 10s. for the year, or 5s. for the half-year, may be transmitted in postage R. A.—An opinion has been taken, and the difficulty remains stamps, and, in return, the Journal will be A READER (York).—You have stated your case so imper-forwarded, postage paid, on the day of publifectly that it is impossible to advise you upon it without cation. more precise details. Our impression is that you have no claim whatever against the company. A PROMOTER. - Deeds of settlement are abolished. You sub We venture to prefer another request, that the Companies will advertise their prospectuses, stitute for them articles of association, which should be notices of meetings, &c., &c., in these columns, drawn by counsel. N. N. N. We calculate that a company cannot be conducted in the cheapest way under 1001. a year. This is independently of the cost of conducting the business. NOTICE. The subscription to this Journal is 10s. for the year, or 5s. for the half year, paid in advance, for it will publication. The subscription may be sent in be sent post-paid to the subscriber on the day of postage stamps, or by post office order. ADVERTISEMENTS for the LIMITED LIABILITY CHRONICLE should be sent to the Office not later than the 24th of each month. for here, those to whom they are addressed, will be sure to turn for all information relating to Limited Liability Companies, and others not having already representatives in the press. We ask the Secretaries and Officers of Companies to send us their reports, balance-sheets, &c., and any other information as to their doings which they may desire to communicate, and which we will gladly publish without any charge. We shall be obliged by suggestions of any additions or improvements which may be thought to increase the utility and interests of the Limited Liability Chronicle, they shall be LIMITED LIABILITY CHRONICLE adopted if practicable. AND JOINT STOCK TIMES. MONDAY, FEBRUARY 1, 1857. TO READERS. THE Limited Liability Chronicle appears to-day as a distinct and independent Journal. That there is ample room for it, a wide field of utility before it, and a large constituency to which it may confidently look for support, there can be no doubt. If the Mining Companies can maintain a journal of their own, and the Railway Companies two journals, and the Gas Companies another journal, among all the miscellaneous companies not comprised within either of these classes-the great and rapidly increasing array of Limited Liability Companies, which will very soon outnumber all the rest combined, can and will in like manner maintain a journal devoted to their service, as are the Mining and Railway journals to the service of those two sections of joint-stock enterprise. Already more than 600 companies are incorporated under the new act. To each of these it is both useful and interesting to be informed of all that concerns the law and the business of companies, and to preserve permanently in their offices a record of their own doings as well as of those of others. That is the object of the Limited Liability Chronicle. Published on the 1st of each month, it will collect every kind of information useful to directors, officers, and shareholders. Here will be found full particulars of all the new companies that are formed, of the doings of companies, of the law affecting them, as decided by the courts or enacted by the Legislature; instructions for forming and conducting companies; answers by competent persons to the queries of correspondents seeking information; the letters of correspondents on subjects of interest to companies; reports of their meetings of business done, of their progress, or of their winding-up. If each Company will become a subscriber, at the cost of only ten shillings for a year, there will be an ample support to enable this Journal to carry out efficiently all its plans for their assistance. It is hoped that its very trifling cost will introduce it to the hands of the Officers and Solicitors of Companies, and to not a few Shareholders. As the change to an independent existence, and its consequent increase in size and importance, was not resolved upon until late in the month, time has not permitted the adoption of many improvements which are contemplated. The March JOINT-STOCK SAYINGS AND DOINGS. SIXTEEN new Limited Liability Companies were registered during the fortnight preceding our last publication. The total number whose details we have reported now amounts to 232, with a total nominal capital of 11,483,2901. They are thus classified: Agriculture Banking and Money Lending Railways and Telegraphs Trading (wholesale and retail) Shipping 8 12 4 39 50 36 13 21 1 7 25 15 The Royal British Bank affair has passed through some more phases. The new shareholders who subscribed for the new issue of shares have applied to the Court of Bankruptcy for leave to prove against the estate in respect of their advances on such shares, upon the ground that they were induced to take them by the fraudulent misrepresentations of the directors, whose balance sheet showed a flourishing state of affairs when the bank was really insolvent. The court has not yet pronounced its decision, but from the remarks of the Commissioner it is obvious that he has a strong opinion against the claim. It is of great importance to all parties, for if entitled to prove they would be exempt from calls. The same point has been raised incidentally in the Queen's Bench, on an application by a creditor to take out exccution against one of the new shareholders, who objected on the same ground. The court has taken time to consider, but the judges there also expressed themselves strongly against the argument, which indeed involves this practical result:-That in any partnership, if one partner deceives another, the deceived partner may set up that defence to a claim by a third person whose goods or money he has received, and whose demand he wants to repudiate because his speculation has been unsuccessful. In the meanwhile, executions are going against shareholders by wholesale. Many of them have sold off and left the country, and others are preparing to follow the example. One director only has been brought before the court as yet. Mr. Humphrey Brown, M P., has been declared bankrupt, and has made an arrangement with the official assignee which Mr. Linklater stated in the court to be very creditable to him. He has rendered every possible assistance in the settlement of his very complicated accounts with the bank, and so has saved a vast amount of litigation. The bankruptcy vacates Mr. Brown's seat in Parliament, but not for twelve months. Another incident in this terrible affair has been the perplexity of the shareholders who have had calls made upon them both by the official manager and the official assignee, and they protest that they cannot meet both. We understand that a plan has been suggested for the settlement of the business, without more ado, by the following arrangement.-The wealthy shareholders will subscribe the sum necessary to pay off the creditors, and then enforce contribution from the rest of the shareholders. This will be to them the cheapest The continued high rate of interest operates course in the end, for it will save the enormous still to the depression of joint-stock enterprise. cost of years of litigation, all of which must Where persons who have money can obtain 5 come out of their pockets sooner or later. We per cent. for it by depositing it with absolute are glad to hear that there is great hope that safety in a first-class bank, it cannot be ex- the proposition will be acceded to. The depected that they should hazard it in a joint-posits have been offered for sale and fetch from stock enterprise, however promising. But 5s. to 10s. per share after the dividend paid of when the rate of interest falls, as fall it must 5s. 6d. in the pound. in a few months, unless we plunge into another war, we shall have a very different feeling afloat. Let 2 be the utmost that can be obtained with safety, and we shall find those who possess money ready enough to invest it in any scheme that bears a promise of bringing them dividends. Then will come the harvest of projectors, secretaries, directors, stags, and all the tribe that lie in wait to profit by moments of public folly. We shall not then count the number of new projects by tens, but by hundreds or thousands. A monthly issue The Hide and Skin Company.—It is described will not enable us to report a tenth of them. as being "for the purchase of hides and skins, We shall be compelled to make a weekly, and their collection on commission for recep perhaps a daily, appearance, while the mania tion and sale on con-ignment and for making is growing. But the end will be as certain as advances on them." This is a business which that of all former joint-stock fevers. There ought to be very sufficiently conducted by an will be a crash; thousands of families will be individual, unless, indeed, there is some nianiruined; the mischief will be greater and more fest advantage from trading in it with a wide spread than ever before, under the foster- capital larger than an individual would be ing of a law which provides facilities for willing to invest. In this case the capital preroguery; and then the country, in sober sad-posed is a large one, no less than 50.0007, in ness, will demand a modification of the law that has wrought such evil. How long it may be before the crisis comes, the wisest could not venture to prognosticate, for it must depend upon the money market; and nobody can foretell the prospects of that. Full particulars of these, stating their names, objects, nominal capitals, number of shares actually subscribed, &c. will be found in previous numbers of this Journal. The trial of Redpath has thrown no new light upon the actual amount of money embezzled from the Great Northern Railway Company. It has had the good effect of calling forth a strong resolution of the Committee of the Stock Exchange against the practice of brokers buying and selling shares for clerks and servants-the true source of most of the robberies by officials which have lately startled the world. Among the new companies lately formed are the following:- shares of 21. But, unfortunately, at the time of registration, of the 25,000 shares required only 350 were subscribed. The profits of such a business are not easily estimated, but the reader will, of course, take care to se that they are clearly shown. Indeed it would be |