The Express.
London, England, 1864-07-02 00:00:00

ACT,T,/LS.

David Chadwick, Esq. ;.Nelms. Chadwick, &demean, )'Kenna,
and 'o. 217, Great George-street, Westminster.
John Young, Esq. (Messrs. Coleman, Turquand, Youngs, and
Co.', Tokenheuse-yard, City.
Mom pro tem;,-27, Great George-street, Westminster: nod
7, Laurence Pountney-MIL City.
The Company is formed for the purpose of carrying Into effect
an agreement made for the purchase of the undermentioned
coal, iron, and other work~ wldch bare fur a long time been
carried on with very satisfactory results by private individuals,
and arc capable of considerable espansion with greatly incrsamed
profits.
The properties and works hare bees purchased on very favour-
able terns. on valuations made by eminent mining engineers.
The works consist of :
I. The Ebbw Vale Collieries and Iron-souk&
2. The Sithowy Collieries and iron-works..
& The Victoria Collieries and Iron-works.
4. The Abersychan Collieries and Iron-works.
6. The Pontypool Collieries and Iron and Tin-plate Works.
& lhe Abenurn Collieries and the Chapel Farm gstate.
T. Wharves and landing stages at Newport.
All iu the county of Monmouth.
& If s mints iron and coal galcages or royalties in the Forest of
Dean. In the county of Gloucester.
9. The Brvnilcm Kills ...Imamate of Iron or Spathose Mines, in
the county ofSoracirest.

Aoil the Latium comprise :
1,211 acres of Freehold Laud and Mines.
7.3:5 acres of Louie:hold Mines, and agreements for leases
haying upwards of e 0 years unexpired.
3.117 acres of Leasehold Mines, having from 10 to 60 years
unexpired.
700 scree of Mines in the F•eest of Dean, held nodes Crown
Lease. renewable in perpetuity for periods of 21 years.
About 0 miles in length. or about 0,000 acres, on the course of
the St.tbose Iron Ore veins, in Somersetehire, under knees for
ai.ut 50 years unexpired.
The LeAwhold Coal and Ironstone Royalties are held on
very moderate terms,
There are upwards of 2,000 houses and cottages on the free.
hold and leasehold pietas.

The rentals from land, farms, and Donnas, amount to about
£14:000 •rar....
. .

The works afford employment to more than 15,000 persona,
reprea.nung • population of 50.000 people.
?tchools tar the accommodation of 2,200 children and a me-
chanics' institute have been erected upon the ',dates.
There are 21 blast furnaces, of which 16 are to operation at
the present time, three bring cold blast.
1 he present animal produce of the various collieries it 550,000
tons of coal : and this 'outfity ran, with a comparatively small
outlay, be increased to aniline tons annually. The produce
of Iron atone is 120,000 tees annually, which can be inc-remed to
450.000

The Iron•making coa's on three properties are of a superior
quality. free from snip'ur, and eminently adapted for the
manufacture of the best class of iron or steel.
The present annual yield from the furnaces is shout 130.000
tons of pig iron, ipeludlng 12.000 tons of Pontypool cold blast
hut the arringetuenta are adapted for the production of 100,000
tons. Alaiut 00,000 tons of tails and !Misled Iron are sold an•
nually. which can be increased to 100,000 tons with the present
appliances,
All the properties are very favourably placed In regard to
situation of works and facilities of transport. The coal and
iromatone mines, which are now drained and proved. will supply
the present consumption, without any material Increase of dead
charge* or outlay of capital, for upwards of 50 years : and with
a small mitlay will yield a further supply of 000,000 tous of cool
per minion, for househo•il and steam purposes. fora like period.
The Ihematite iron ore and coal properties. held in the Forest
of Dean, will shortly he opened. and placed lo direct commoai-
cuth~n by with the various iron works.—the distances
between which and the place of production will be from Li. to
42 miles only whilst this elms of ore Is now carried to the
work. MO miles by water, and 30 miles by rail
The Forest of Dean ore contains from 35 t t 42 percent. of Iron,
and is well known for Its superior quality over other Hematite
ores for the manufacture of the best iron and steel It is esti-
mated that, when folly opened, the Mines now he'd by the Com-
pany will ermines 100.000 tons annnelly for 50 years.
The very extensive and valuable Mines of Spathose Iron Ore,
In Somereetahlre, belonging exclusively to the Company, are the
only mines of their kind now being worked in Great liritalu
'excepting the small veins found in the Durham Lead Mines'.
When thee Mines are fully des-eloped, the works of the Com-
pany will possess advantages greater than any other works, In
th • supply of this most valuable material for the manufacture
of the best, quality of Iron and steel. And the cost of producing
Splegelei.en pog•lion, with this ore. will not exceed half the
present cost of sole:o6lmm delivered In England from Germany.
which country furnishes nearly the whole of the supply required
fcr the present consumpton.
The directors hare agreed fora license for the manufaeture of
st,,el'hy the Bessemer morass,. which. from the peculiar re•
soirees thee poses& they will he enabled to produce Is very
large quentirtio, and at a price that. in comparison with other
works. will Insure to them the same advantage. In the manufac-
ture of steel rails as the liaibw Vale Company have so long, en-
pled in respect of Iron rails.l
he stocks of material and finished Iron will he taken at the
cort•price, as eutenel in the books at the last stocktaking, in
Sept• rider. 1-433. and are I. he paid for within eh me.ths.
The contracts en hand. which &rehires. and at remunerative
price., will be transferred to the new Company.
Ile Abraham Darby, the principal propnctor and managing
partner at the whole of the concerns c..mpriesal in the present
purcha,e, will undertake the (bake of Chairman of the Board.
and h.s cemented to act as Hennaing Director for a period of
five years, thereby securing to the new Company the benefit of
his long practical experience In the management of the
works.
Mr Joaeph Robinson, also a proprietor in all the alsme con•
terns. and who for many years, as the London partner. has had
the principal suanaccmrnt of their ei.rumercial operations, with
under the direction of the Board, conduct the Mistimes of the
Company. a. heretofore.
From certified reports on the profits of the various works, ex-
tending over a considerable period, and from a due consiileration
et the advantage, possessed by the Company, the Directors feel
Justified In anticipating that the animal dividends will he such
as to mimic satisfartion to the shareholders
The velelora will subscribe for shares In the Company to the
extent of half a million derliest.
Three hundred thousand pounds of the purchase money will
he pall w ithin two months, end the remainder by sit equal half-
yearly Instalments, with Interest et S per cent, p•id.
No promote n money or other similar payment will be made.

Yonne of applicable for slimes may be obtained at the Bank
of En tend amt its several branches . from the tieekers. or front
the uniivrabined, by whom any farther Information required will
be turniabed.

CHADWICK, ADAMSON, WKINNA, end Co.,
Financial Await, TT, Great Gaergeatreet,
Weatmllmtee, and 64, Crusattreet, Man-
cheater.

THE EBBW VALE CoMPANY
Capital 0,000.000, In ao.ouo Aare* of £5O each.

DEDICATED TO H.R.H. THE PRINCE OP HALM
THE ART JOURNAL for July (price 2s. 6d.)
contains line engravings attar J. Dyckman's '• Blind
Beggar," by D. Devasches Turner's "Temple of Jupiter," by J.
E. Alien : end Morino," by Caimans. n. principal literary
contributions are:—" Wedgwood and Etruria," by L. O. Jewitt,
illustrated " Portrait Painting," by Peter Cuningham : " er-
vention of Art in Photography " Tke Arts employed tc:
&mina the Essential Materials of Clothing," by Prefe•sor
Illustrated British Artists : Eyre by
Crowe,' James Defforne,
Illustrated: " Almaosek of the Month" illisstrated Dublin
Ishibitio• ;" " History of Caricature, by Thomas Wright, illus-
trated Cads's:lnds," Ulastrated " National Gallery
and Royal Academy in Parliament;' Lis parlament of Science
and Art and its Reports Christian Art:" Art Work in
July." by Rev. J. 0. Wood British Institution " Photo-
graphic ftkibition "BM J. W. Gordon. P.R.8A.," stc
London: James B. Thies, 28, liry-buse.