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public itoticc. I Subscription List opens for Town and Country on Monday, June 19th, and closes on or before Wednesday, June 21st, for Town, and Thursday, June 22nd, 1S99, fur Country. THE WEST LONDON & PROVINCIAL ELECTRIC SUPPLY COMPANY, LIMITED. INCORPORATED UDEn THE COMPANIES ACTS, 18G2 TO 1",98. SHARE CAPITAL £150,000, Divided into SO 000 Cumulative 6 per cent. Preference Shares ofJEl each (Preferential also as to Capitals, and 70.000 Ordinary Shares of JE1 each. The LONDON CITY & MIDLAND BANK, Limited, are authorised to receive Subscriptions for the First 1-uc of 60,000 Preference Shares and 40,000 Ordinary Shares. Payable 2s. 6d. per Share on Application 7s. 6d. on Allotment and the Balance one month after Allotment. Director* *T H. BROOKE-HITCHING, J.P., C.C., 24, Portland-place, London, W., Managing Director of Hitching, Limited, Chairman. MAURICE ANSELL, 55, Elm Park Gardens, London, S.W., Director of the Underwriters Trust, Limited. [J. COURTHOPE PEACH, C.E., St. Albans, Colchester, Consulting Engineer to Davev, Paxman, & Co. W. B. ESSON, M.Inst.C.E., M.I.E.E., 14, Union Court, London, E.C., Electrical Engineer, Managing Director. join the Board after Allotment. Bankers THE LONDON CITY AND MIDLAND BANK, LIMITED, Threadneedle Street, London, E.C., 196, Oxford Street, London, W., and Branches. Br okers: GORDON & BARTON, Warnford Court, London, E.C., and Stock Exchange. Solicitors For the Company WILSON, BRISTO.VS, & CARPMAEL, 1, Copthall Buildings, London, E C. For the Vendor: EDWARD LEE, DAVIS, & LEE, 1, Gresham Buildings, Basinghall Street, London, E.C. Auditors: PRICE, WATERHOUSE, & Co., 3, Fredericks Place, Old Jewry, London, E.C. Consulting Engineers KINCAID, WALLER, & MANVILLE, 29, Great George Street, Westminster. Consulting Engineers to the South London Electric Light Corporation, The Vestry of Shoreditch, The Vestry of Newington, The Corporation of Portsmouth, The Corporation of Southampton, The Corporation of Swansea, &c. R. W. WEEKES, M.I.E.E. and A.M.Inst.C.E. (Whitworth Scholar). Secretary and Registered Offices GRIFFITH S. SALWAY (pro. tern.), Regent House, Regent Street, London, W. PROSPECTUS. This Company is formed to acquire the beneficial ownership in the right of Electric Supply to the district of Chiswick, Londor, W., and the town of Aberystwyth to complete and equip the generating station and lay the mains at Chiswick and to improve and extend the existing system of supply in Aberystwyth. The Company will also seek to obtain, as opportunity may offer, similar rights and undertakings in other districts. The Chiswick Provisional Order was obtained in 1891 by the Chiswick Local Board. The Pro- visional Order for the Supply of Electric Energy in Aberystwyth was obtained by the Corporation of that town in 1S92. Both Orders are now vested in the Aberystwyth and Chiswick Electricity Supply Corporation Limited (which is for convenience hereafter referred to as the Chiswick Company,") by transfers from the Local Authorities. The fact of these orders having heen transferred from the Local Authorities, and not having been issued direct to the Chiswick Company, removes all probability ot competition hy the Local Authorities, as no second Ordnr has ever been granted to a Local Authority which has already obtained and dealt witu one. The Directors regard this as a most important feature. By the Deeds of Transfer the Local Authority in each place has the right of purchasing the undertaking in its own district at the end of 21 years from the dates of transfer in 1893, or at the end of any subsequent period of 5 years up to the forty-first year, on paying its fair market value as a going concern, and thereafter under the provisions of the Electric Lighting Act, ISSS. This Company will acquire and hold all the shares in the Chiswiek Company, which will for the future be completely subsidiary to and controlled by this Company, and the Directors of this Company will also form the board of the Chiswick Company, thus obviating the necessity of a transfer* of the Provisional Onlers. CHISWICK, LONDON, The area of supply to this district under the Provisional Order extends on the east to Hammer- smith, on the north to Acton, and on the west to Kew and Isleworth, being bounded on the south by the Thames. It includes such well-known residential districts as Grove Park, Turnham Green, and parts of Gunnersbury and Bedford Park. Devonshire Park, the property of the Duke of Devonshire, is also now being leased in lots for the buildiug of a large number of houses of a good class, and many profitable customers for the Company should thus be secured. The Directors propose to arrange for an installation for electric light in these houses on thf frpo wiring system, -A nt-re r miir>-d. "■ pi-ce • f th»«r !>ein:-r fitted with gas pipes, so as to eure tneir occupants as the out-jet. Chiswick is a district of 1,200 ares in extent (about twice the area of the City of London), and it JS estimated that the population is now abont 30,000, having increased by nearly 50 per cent. in the last seven years. The Chiswick High Road, in which are many large and valuable shops and business premises, run through the Company's area for about two mile5;. jjie^w^nolt' district suburbs of London, and t!-1prp can be no 'to.u*>t tk.it tnt- Provisional Urur:- ror b is. a very va.!u ible pronerty. An excellent site for the station, an area 01 i,500 squaie has alrtady been acquired fro n the Chiswick District Council for U9 years at a rental ot £100 per annum. It adjoins Tnorneycroft's well-known engineering and shipbuilding works on the banks of the Thames, and its oosition is very advantageous, as oral can he cheaply <Hiv*red on the works from tÍ1" Council's Wharf, the use of which has been secured by the C ripany under tne agreement wile, tne Council at a reus of £,jO per annurr. The foundations fur the Electric Light Workd have already been partly laid, and the expendi- ture at Chiswick to date has teen £4 ;,jl. It will be seen from the Engineers' Report that they consider the Company might also be able to secure Provisional Orders tor the lighting of adjoining districts, and it is intended to commence negotiations for this purpose at once. They advise that provision should be made for a demand of 30,000 equivalent S-caúdle power lamps connected, and estimate that the cost of the necessary buildings, boilers, engines, djnarrios, accumulators, aud mains would be about £1;:>,000. ABERYSTWYTH. The Company's Works at Aberystwyth are built up-.n its own valuable freehold land, of which at present they occupy only half, the entire area being 8,298 square feet. The machinery and plant are certified by the Engineers to be in full working order, but their capacity is insufficient to satisfy the increasing demand, to meet which additional plant is urgently needed and additional capital therefore required. The Engineers report shows that the equivalent of 5,464 S-candle power lamps are already supplied, which is an increase of nearly 3,000 since the Summer of 1897, and applications hav- been received by the Company for still further additions. This result is satisfactory in view of the fact that the Company can only at present give a supply from sunset to midnight, but there is certain to be a much larger rate of increase in the demand, when a continuous supply is provided, and it will be the object of the Company to provide for this at once. The Company already supplies, at a remunerative price, current to the Pier and Pavilion, also to 29 arc lamps in the streets and along the sea front. and the Corporation desires to further extend the public lighting. The outlay at Aberystwyth (as per Board of Trade returns to date) is upwards of £12,000. Aberystwyth is a compact, well-built town, and its popularity as a seaside resort is rapidly growing. Extensive building operations are now going on, and as the price of gas is 4s 3d per 1 000 cubic feet, it is not surprising that electric light at 6d. per unit is rapidly taking its place as an illumin'art According to Sir W. H. Preece s opmiou, electricity at this price is equal to gas at 3s. Od. per 1,000 cubic feet. 1 Even for the year IS97, although the works were comparatively new, the revenue after deducting working expenses, showed a net profit of 41 per cent on the capital outlay. The year ]898 shows a greatly-increased revenue and a profit of 5 per cent on the outlay, notwithstanding the fact that the price of the current was reduced in March, 1898, from Sd to 6d per Board of Trade unit. The appended report of Messrs KISCAID, WALLER, and MANVILLE, the eminent Consulting Electrical Engineers, and of Mr WEEKES, forms the basis f(;r the above statements and also records their opinion that the Company's business is firmly established in Aberystwyth, and is likely to continue to increase 111 a most satisfactory manner." "———- The Engineers, Messrs KINCAIU, WALLER AND MANVILLE, and Mr WEEKES estimate the net profits from the Company's operations at Chiswick and Aberystwyth, after providing for all work., costs dis- tribution, and other annual expenses, at £9,i03 To pay the dividend on £ 60,000 Preference Shares (the present issue) willl absorb £ 3,600 And a dividend of 7 per cent on £ 40,000 ordinary shares 2 800 £ 6 400 For Administration, further dividend, and reserve, Surplus £3,303 The Engineers estimate that, including the purchase price, the total cost of the two undertakin trolled by this Company will not exceed £105 per kilowatt, which sum they consider reasonable for two undertakings of this size. Among industrial investments, Electric Supply Companies have now an established position and a progressive value as indicated by the comparative figures given below. The satisfactory nature of the investment offered by this Company will therefore be seen at once :— Name of Company. j Nominal Amount 'Average Market Price on Capital outlay J per share. I 1st-June, 1899. per Kilowatt. Charing Cross and Strand .j jE5 £ll 10 0 JE131 Chelsea .„ .i 5 8 10 0 147 House to House .j 5 8 5 0 121 Hove 5 9 0 0 115 Kensington and Knightsbridge 5 12 10 0 135 Metropolitan 10 17 0 0 110 Nottinp Hill 10 17 0 0 160 Westminster 5 15 5 0 110 This Company purchases from the Vender, Mr Thomas Henry Brooke-Hitching, the whole of the Shares issued in the Aberystwyth and Chiswick Electricity Supply Corporation, Limited (35,000 shares of £1 each, 15s paid), thus acquiring the beneficial ownership of the works, plant, and freehold land at Aberystwyth, the land at Chiswick, and the two Provisional Orders. The purchase price for the shares is £35,000, payable as to £20,000 in cash, and as to the balance in cash or fully paid shares of the Com- pany, or partly in cash and partly in shares, which leaves the remainder of the present issue, viz:— £65.000 available for defraying the cost of the new works and providing working capital. The Vendor who haa formed the Company, and has fixed the purchase price at the above amount and is seMing at a profit, will pay the whole of the costs of formation of the Company up to allotments, excepting Registration Fees, Transfer Duties and Brokerage, and will also discharge all debts of the j Chiswick Company up to date of purchase of their shares. The following contracts have been made :— i 1. Dated 10th June, 1899, between the Vendor of the one part, and the Company of the other part, for the sale of the shares above-mentioned to the Company. 1 2. Dated 10th June, 1899, between this Company, the Chiswick Company, and Messrs Johnson and Phillips, as to Supply of Electric Plant.. [ There are in addition agreements entered into by the Chiswick Company in the ordinary course of business, and agreements by the Vendor, for the purchase of the shares of the Chiswick Company and for providing a portion of the Capital now offered tcf which this Company is not a party. All appli- cants for shares will be deemed to have notice of such contracts and to have waived any rights to further particulars, whether under Section 38 of •' The Companies Act, 1867," or otherwise; and to r have agreed with the Company, as Trustee for the Directors, and all persons authorising or taking part in the issue of this prospects, not to make any claim upon them, or any of them, under the said section, or upon any other ground except wilful mis-statement, and allotments will be made upon this t condition only Copies of the above contracts, of the Provisional Orders, and of the assignments thereof to the I Chiswick Company, and of the reports herein referred to, and of the Memorandum and Articles of t Association of the Company, can be inspected at the offices of the Solicitors of the Company. ] Applications for shares to be made on the forms accompanying, or appended to the newspaper advertisement, and forwarded to the'Bankers of the Company, with the full amount of the deposit. If j no allotment is made, the deposit will be returned in full, and where the number of shares is less than ( that applied for the balance available will be applied in or towards the payment due on allotment. £ An official quotation for the Shares will be applied for in due course. t Prospectuses and Forma of Application can be obtained from the Bankers, Brokers and Solicitors, and at the offices of the Company. ( REGENT HOUSE, REGENT STREET, LONDON, W., » June 12th, 1899.. This Form may be cut out, filled up, and forwarded entire, with Cheque or Cash for Two Shillings « and Sixpence on each Share applied for, to the LONDON CITY AND MIDLAND BANK, LIMITED, t Threadneedle Street, London, E.C., or to any of their Branches. If remittance be made by cheque, the^chec^oeshouWj^^2^C THE WEST LONDON & PROVINCIAL ELECTRIC SUPPLY COMPANY, LIMITED. ISSUE OF 40,000 ORDINARY SHARES OF £1 EACH AT PAR. To th,, Directors ot THE WEST LONDON & PROVINCIAL ELECTRIC SUPPLY COMPANY, LIMITED. GENTLEMEN, Having paid to the Company's Bankers the sum of f being a deposit of Two Shillings and Sixpence per Share on Ordinary Shares of JE1 each, in the above-named Company, I request you to allot me that number of Ordinary Shares upon the tprrrs of the Company's Prosp ctns, dated June 12th, 1899, and I agree to accept the same, or any smaller number fhat may be allotted to me, and to make the remaining payments in respect thereof in accordance with the said Prosl ectus, and I authorise you to register me as the holder of th. raid Ordinary Shares. In the event of my not receiving an allotment the amount to be returned in full, and I agree with the Company, as Trustee for the Directors and other persons liable, not to make any claim upon them, or any of them, under Section 38 of "The Companies Act, 1867," or upon any other ground except wilful mis-statement. Name (in full) Address (in full) ■ Description Date Signature. If desirous of paying in full on Allotment, please sign here:— Signature This Form may be cut out, filled up, and forwarded entire, with Cheque or Cash for Two Shillings and Sixpence cn each Share applied for, to the LONDON CITY AND MIDLAND BANK, LIMITED, Threadneedle Street, London E.C., or to any of their Branches. If remittance be made by cheque, the cheque should be drawn to the order of the Bankers. THE WEST LONDON & PROVINCIAL ELECTRIC SUPPLY COMPANY, LIMITED. ISSUE OF 60,000 f6 PER CENT. CUMULATIVE PREFERENCE SHARES OF f I EACH AT PAR. To the Directors of THE WEST LONDON k PROVINCIAL ELECTRIC SUPPLY COMPANY, LIMITED. GENTLEMEN, Having paid to the Company's Bankers the sum of ;C being a deposit of Two Shillings and Sixpence per Share on £ 6 per cent. Cumulative Preference Shares of f 1 each in the above-named Company, I request you to allot me that number of Preference Shares upon the terms of the Company's Prospectus, dated June 12th, 1899, and I agree to accept the same, or any smaller number that may be allotted to me, and to make the remaining pay- ments in respect thereof in accordance with the said Prospectus, and I authorise you to register me as the holder of the said Preference Shares. In the event of my not receiving an allotment the amount to be returned in full, and I agree with the Company, as Trustee for the Directors and other persons liable, not to make any claim upon them, or any of them, under Section 38 of The Company's Act, 1867," or upon any other ground except wilful mis-statement. Name (in full) Address (in full) Description Date Signature If desirous of paying in full on Allotment, please sign here Signature

BARMOUTH.

LOCAL LAW CASE.

A MONTGOMERYSHIRE

CRICKET.

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