Northern Times.
Liverpool, Merseyside, England, 1857-06-26 00:00:00

LIVERPO'uL AND PWLLHELI
GRANITE COMPANY,

(LumTan.)
CAPITAL .415,000,
Divided into 750 general, and 750 special shares of 410 each.
DEPOSIT 41 PER SHARE.
MANAGING DIRECTOR AND LOCAL SUPERINTENDENT.
MR. W. MEYRICK JONES, PWLLHELL
BANKERS.
THE NORTH AND SOUTH WALES BANK, LIVERPOOL.
BROKERS.
MESSRS. DRINKWATER AND 1 OWE, LIVERPOOL.
SOLICITORS.
MESSRS. TOWNSEND, RIDLEY & JACKSON, LIVERPOOL.
REGISTERED OFFICE.

10, SPEKE LAND BUILDINGS, (OPPOSITE THE GENERAL POET
OFFICE), LIVERPOOL.
_ _

This Company is formed under the "Juint Stock Companies' Act,
1856," with limi ed liability,- for the purpose of quarrying Granite at
Pwllheli, Carnarvonsbire, and elsewhere if deemed advisable. With
this object an arrangement has been made for the amignm-nt to ha
Company of a Lease from the Right Honorable Lord Newborough,
for 21 years, at a very low royalty, of tie Gimblet Rock or Carregy-
rymbyll, a promontory composed of Granite, situate at the entrance
to the Harbour of Pwllheli.

The Lessee, with whom this arrangement has been come to, isnot to
receive any return or comp: nsation, as the price or consideration for his
interest in the Quarries, until the dividends upon the paid-up
Capital of the C mpsny exceed Ten per 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 exchang, for the Lease,
and the dividend upon them being de'errel until the other Shares
have received their dividend of Ten per Cent. ; the surplus profits
are then divisab!e equally between both classes of Shares.
Therdividends will be payab'e ha f-yearly.
The liability of every shareholder is limited to the amount that
may be unpaid on the Shares held by him.
_ _ .

The c rtiinty not only of success, but also of very large profits, Is
stated by practical men not to admit of a doubt.

itridatlon to the fact that Granite Qardes almost invariably
yield ~rofltable returns to their proprietors, and that conside able
difficulty exists in obtaining an adequate supply of Granite to meet
the rapidly increasing demand; the, e are oth • r more cogent reasons
tor the opinion entertained of the certainty of immense profits to
arise from Quarrying Granite at the Gimblet Rock :
Ist.—The position of the Kock, acces-ible to Vessels of moderate
burthen on every side, except one, at a 1 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 pnrpo.es, bat also capable of a rine polish for ornamental
use.

3rd.—The deepness of labour at Pwllheli.
4th.—The freedom of the harbour from all dues.
sth.—The low rate of fro ght from Pwllhell, which, although a
place of considerable 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 Vaned 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 DAINKWATER
and LOWE, Sharebrokers, Exchange t•treet East, Liverpool ; or to
Messrs. 'FOWNSEND, RIDLEY, and JACKSON, Solicitors, 21, Fenwick
street, Liverpool, and 1. Mortimer Terrace, Birkenhead; or at the
Registered ufflee of the Company, where may be obtained any
further informa,ion which may be required.

Samples of the atone may be inspected at the yard of Mr. Calvert,
Stone Merchant, Back Leeds-street.