Northern Times.
Liverpool, Merseyside, England, 1857-07-01 00:00:00

itHE LIVERPOOL AND PWLLHELI
GRANITE CGMPANY,

(LIMITED.)
CAPITAL £lb,ooo,
Divided into 750 general, and 750 special shares of each.
DEPOSIT PER SHARE.
MANAGING DIRECTOR AND LOCAL SUPERINTENDENT.
MR. W. MEYRICK JONES, PWLLEIELI.
BANKERS.
THE NORTH AND SOUTH WALES BANK, LIVERPOOL.

BROKERS.
MESSRS. DRINKWATER AND f.OWE, LIVERPOOL.
SOLICITORS.
MESSRS. TOWNSEND, RIDLEY & JACKSON, LIVERPOOL.
REGISTERED OFFICE.

10, SPEKELAND BUILDINGS, (OpposiTE THE GENERAL POST
OFFICE), LIVERPOOL.
This Company is formed under the "Joint Stock Companies' Act,
1856," with Roai ed liability, for the purpose of quarrying Granite at
Pwllheli, Carnarvonshire, and elsewhere if deemed advisable. With
this object an arrangement has been made for the assignm-nt to the
Company of a Lease from the Right Honorable Lord Newborough,
for 21 years, et a very low royalty, of t Gimblet Rock or Carregy-
rymbyll, a promontory composed of Granite, situate at the eutnnce
to the Harbour of Pwllheli.

The Lessee, with whom this arrangement has been come to, is not to
receive any return or comp?neation, as th, price or consideration for his
interest in the Qnarrie!, until the dividends upon the paid-up
Capital of the C mpany exceed Ten psr Cent. ; ne is th.n to receive
one-half of the surplus Dividends. This object is effected by the
creation of two classes of shares, viz., general shares and special
shares; the former being preference shares open to the public, and
entitled to a dividend in the first instance of Ten per cent. ; the
special Shares being alloted to the Lessee in exchange for the Lease,
and the dividend upon them being deferrei until the other Shares
have received their dividend of Ten per Cent. ; the surplus profits
are then divisible equally between bath classes of Shares.

The dividends win be Payab e ha'f-yearly.
Toe liability of every shareholder is limited to the amount thll
may be, unpaid on the Shares held by him. . .

,
The certainty rot only of SUCCESS, but also of very large pia:tits, 15
stated by practical men not to admit of a drmbt.
In addition to the fact that Granite Qarries almost invariably
yield yrotitable returns to their proprietors, and that conaide-able
difficulty exists in obtaining an adequate supply of Granite to meet
the rapidly increasing demand ; there are other more Cogent reasons
for the opinion entertained of the certainty of immense profits to
arise from Quarrying Granite at the Gimblet Rock :-
Ist —Tha position of the Rode, aecea,ible to Vessels of moderate
burthen on every side, except one, at a'l states of the tide, thus
enabling the Granite to be shipped without any expense for land
carriage.
2nd.—The superior quality of the Stone, adapted not only for all
ordinary purposes, but also capable of a fine polish for ornamental
Use.
3rd.—The ct eapness of labour at Pwllhell.
4th.—The freedom of the harbour from all dues.
sth.—The low rate of fre ght from Parnell, which, although a
place of considerab)e trade, produces no commodity for export;
vessels taking cargoes thither being c mpelled to return in
ballast, or go elsewherre in search of freight.
6th.—The Quarries can be paced in working order at a very
trifling outlay.
These are all advantages of the utmost importance; and, as it is
believed that none such are possess d by any other Quarry, they
become certain sources upon which the Company rely for the pro-
duction of much larger profits than generally arise even from
undertakings of a like nature,
Applications for Shares may be made to Messrs DRINKWATEE
and LOWE, Sharebrokers, Exchange street East, Liverpool ; or to
Messrs. TOWNSEND, RIDLEY, and JACKSON, Solicitors, 21, Fenwick
Street, Liverpool, and 1, Mortimer Terrace, Birkenhead; or at the
Registered office of the Company, where may be obtained any
further information which may be required.
Samples of the stone miy be inspected at the yard of Mr. Ca Ivert,
Stone Merchant, Back Leeds-straet.