The British Press; or, Morning Literary Advertiser.
London, England, 1826-01-03 00:00:00

Fu which I would add for Class 2, six months' cost . 18:600
Class 3 - . - 21,600

Deduct foe capital to be received by salt of engines and
various stock of Class 4, as the mines are stopped

- 25,320
Total Capital will hereafter be - 565,000
Route as to the Mines in full operation.
The present amount of profit in Class lis . . 135,600
rbe annual loss of Clue 4 - - 17,760

117,849
It is clear that the loss of 17,71101. may be made to cease
at any moment, by the abandonment of these mina ; but
in order to avoid soy thing of a Battering estimate, let us
suppose this loss to continue by the mums being worked
tbr some time longer,
The present rate of profit may increase or decrease.
Again, let us take the most unfavourable supposition, and
,presume that there will be a diminution to the extent of 17,840

The Balance of profit will be - . .ClOO,OOO
MA Capital embarked in Claw' 1 fa 249.320
Do. do. Class 4 98,400

1:347,72

The amount, therefore, is to mines in full operation stands
thus:—
Capital £347,720. Profit £lOO,OOO.
Rate of Interest 28j per cent.
The mines in Class 4 may probably be discontinued visaing In
tbsecemse of six months, and the loss on them be thus prevented ;
`bid as in the coarse of that time a greater diminution in the profit
isf Class 1 may take place than we have already allowed for, we will
)cantinas the deduction of the amount of the loss on Class 4, as a
'Slather set-off against such a reduction, and take the balance of
profit on Class 1, as before, at 100,080/.
There will then be a reduction in the amount of Capital also of
25,2001., by the sale of the engines and stock of Class 4, when the
account will stand as follows:

Capital f.:322,400. Profit £lOO.OOO.
Rate of Interest Il per cent.
Hitherto we have only considered the mines In full operation.
We are next to turn our attention to those which are in a state of

Pg=Til.
2, which are approaching to maturity.
auss 3, which are yet in their infancy.
The Capital embarked is
MU 2 •
Clam 3

Z 193,000
13,009

Further Capital to be sunk in Clan 2
Do. do. Class 3

206.000
16,000
21,600

2246,600

As to the rate of profit on these investments, It Is evident we can
arrive at nothing more than an approximation to the truth. I see
no reason to apprehairl that these will produce a less proportionate
return than the mines in Class 1 and 4 ; hot granting they may be
less profitable by two parts out or five, they will still realise a pro-
fit considerably above forty thousand pounds per annum, which,
added to the one hundred thousand pounds profit on Class 1 and 4,
will make •an average profit on the whole of 24 per cent. ; as per
tullowing statement :
Balance of profit of elsos
Estimated profit on Class 2 and 3

£lOO,OOO
40,000

.E141f,000

• Capital on Chas 1 and 4, after deducting the pro.
duce of Stock, ace- on Class 4 - - 3.22,400
,Capital on Clans 2 and 3 - 2454600

£468,000
Capital 568,0001. Profit 140,0001. Rate of interest 24 per sent.
The result is this—he who looks at the present produce of the
mines only which are in actual operation sees a profit of Si per
sent. on the capital.
He who chooses to speculate on the produce of nilolgelfil in pro.
gross, in addition to those in full operation, may, it calcu.
late on an average profit of 24 per cent. on the aapital em.
id,rked.
And be who, still more timid, calculates that the his eit Clips 4
will continue, acid that no further gain will take Igor sr iffkat 2
and 3, when they are brought to maturity, may thus compute the
whole investment of capital :
balance of profit on Class 1, after making the full allow-
ance for the diminution that may take plagues before
munitioned - - £lOO,OOO
Deduct for annual loss on Class 4, supposing these
mines to continue in work .

Capital embarked in Clam I .
Do, do. Clews 2
Do. to In added to complete the work

- 17,760
£112,240
- 249,320
IV,OOO
. 00
11,
- 211,000
. LIAO
. 21,00
- 34.600
911,400
/292,320

Do. embarked in Class 2 -
Du. to Wadded to comMear Ma oak
Do. embarked Jae's'. 4 -

the investment and the lose at ones, the profit of 135,1/001. would
remain. This would however be an act of folly, as profit is
likely to arise from the one, and the losing mines will, of course,
only be continued until all reasonable prospect of improvement
is over.
1 subjoin the following particulars, though not essential to the
argument.
TOTAL PRODUCE OP THE MINES.
Copper Ore. Tin Ore. Lead Ore. Cobalt Net Value.
Tons. Tons. Tows. Tons. £.
Class I. - 43,720 404 6,040 462,600
2. - 1.644 360 2,040 24 63.000
1. . 3,240 23,000
30,003 864 7,680 24
Value to Adventurers after payment of dues - £330,600

• LJW INTELLIGENCE.
COURT OF CHANCERY, MONDAT, JAN. t.

The LORD CHARCEL LOA was to have taken his seat this morn.
ing to have heard arguments in the matter of " Howard and
Gibbs," but when it was expected his Lordship would have made
his appearance, a messenger arrived from Hamilton-place, to intl.
mate that it was impossible his Lordship could hit. in Court, being
so ill with the gout as to require assistance in getting out a•id into
bed.

Capital MAIL Poet Wilk DO d Moot about 14 per
sac
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iia asstalisable camas, sad whisk Ilessehos 1 law
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