The Sun.
London, England, 1855-09-26 00:00:00

THE EAST INDIA. COAL COMPANY.'
" LI MITED."
Provisionally Registered under the Limited Liability
Act of 1855.
Capital, 150,000/. in 15,000 Shares of 101. each.
a Deposit of ss. per Share upon Allotment.
The first call of 21. per share to be made one month after
the deed of the Company is ready for signature, of which due
notice will be given, and the remaining calls to be made from
time to time as the money may be required.
PROVISIONAL DIRECTORS.
Captain L. V. Vernon, R.E., M.P., Ardington House, Want-
age, Berks.
Sir H. T. Maddock, M.P. (late Governor of Bengal), 130,
South Audley-s reet.
Gregor Grant, Esq , Bombay Civil Service (late Chairman of
the Oriental Bank), Oriental Club
James Hume, Esq., of Calcutta, Reform Club, Pall-Mall.
George Smeed, Esq., Gore-court, near Sittingbourne, Kent.
A I. V. de Magalhaens, Esq., 75, Mark-lane.
William P. Haymen, Esq., Rochester, Kent.
George Bnrge, Esq:, 1, Lansdowne-place, Brunswick-square.
E. W. Morris, Esq., Monument-yard, London-bridge.
AUDITORS.
John Noble; Esq., of the firm of Messrs. Noble , and Co.,
Broad street-buildings.
H. C. Read, Esq., of the firm of Messrs. Mackay and 'Read, 9,
New Broad-street'.
BANKERS—Messrs. Glyn, Mills, and Co.
SECRETARY— Henry 'laymen, Esq.
STANDING COUNSEL,
Charles Wordsworth, Esq., 4, Paper-buildings, Temple.
SOLICITOR—Richard Prall, Esq., 19, Essex-street, Strand.
BROKER—Daniel Castello, Esq., 4, Cushion-court, Old Broad-
street.
OFFICES —132 and 133, Gresham House,- Old Broad-street.
This Company is established with the object of working
coils in the Valley of the Damoodah, in Bengal, and of sup-
plying the great and rapidly increasing demand in India for
that article.
The profitable nature of such an undertaking has been
placed beyond all doubt by the fact of an association—Tad
BENGAL COAL COMPANY—working in the immediate proposed
locality, having for some years past paid its Shareholders
dividends varying from twelve to sixteen per cent. THE EAST
INDIA Coal, Colima* will have the advantage of commencing
-its operations, with the means of transporting its Coal to
:market, by rail, in six hours— a benefit of vast importance,
-when it is remembered that until within the last few months
the only mode of transit has been of the most tedious,
Oangerous, and expensive character ; combining land and
-v rater carriage—the former by carts, and the latter on a tor-
rent navigable for a very brief period of the year.
The Collieries and lands secured by the Directors are ex-
tensive and valuable : they consist of five distinct Mines,
together with buildings, plant, ire., &c., and comprise an
area of upwards of five hundred acres. ~The seams vary from
eight to sixteen feet in thickness, and contain an inexhanst-
:ible supply of Coal. Toposi and Konoostoria, the two prin-
cipal mines, are immediately adjoining, and situated within
three miles of the East India Railway Company's Terminus
at Ranegunge and 129 miles (by rail) from Calcutta. They
have been worked on a small scale for the last five years,
supplying for two or three years the India General Steam
Navigation Company with all the fuel for its steamers. Five
Shafts have been sunk at depths varying from 35 to 60 feet.
Samples taken from these Mines have been submitted to com-
petent examination, and pronounced equal to good Welsh
Steam Coal. The other three mines, Kosta, Russa, and
Tanksooly, although at greater distances from the rail, are
valuable with reference to the superior quality of the Coal,
and- its capability for Coking purposes. The terms upon
which these Mines have been purchased are highly favourable
43 Shareholdeo6.Net only is_tbe.p4cextremely moderate,-
~47eith riiferebilf-Mpre*.ious sales of similar property, but the
teller has consented to receive the whole amount in Shares
of the Company.
A chart of the Mines, samples of the Coal, and a full report
from competent parties in India as to the workings and ex-
tent of the property, are in possession of the Directors, and
may be inspected at this office. For the information of those
unable to avail themselves of this privilege, a few brief re-
marks are here submitted.—Owing to the cheapness of labour
in India, a ton of Coal can be raised and deposited at the
pit's mouth for a sum equal to one shilling and twopence.
The present charge for conveyance, by rail, to Calcutta, is
eleven shillings and sixpence per ton ; the cost of the Coal,
therefore, in Calcutta will be twelve shillings and eightperce
per ton ; or, adding one shilling and fourpence for sundry
charges, fourteen shillings. The price of Coal in Calcutta
bas never been less, for many years, than twenty-one shillings
per ton; and the profit consequently will be the difference,
or seven shillings per ton. The quantity of Coal raised would
nufotlobse.lepsserthdaany,thurre, three hundred
round
tons per diem, leaving a profit
numbers, 31,500/. per annum,
calculating only 300 working-days in the year. Supposing
the whole amount of capital to be called for, still a dividend
of at least 20 per cent. may be constantly anticipated.
With the skill and means now available a very superior
quality of Coal will be raised to any hitherto brought to
market in India. The manufacture of Patent Fuel upon the
plan found to answer so well here, and the preparation of
Coke for the use of the Indian Railways, kc, will engage
the attention of this Company.
The deep interest which the Government of India, the va
rious Indian Railway Companies, the Inland Steam Naviga-
tion Companies, the Peninsular and Oriental Steam Company,
and the Oriental Gas Company must naturally have in the
success of this Scheme, promises to the Proprietors an
amount of support not usually commanded by Public Com-
p mies.
It is proposed to manage the affairs of the Company in the
manner adopted by the Peninsular and Oriental Steam Com-
pany, and the various Indian Railway Companies— that is,
by a board of direction in London, and an agency and su-
perintendents in India.
The operations of the Company will be immediate.
Application for shares, in the followingform, will be re-
ceived by the Secretary and the Brokers of the comuany :-
To the Directors .of the East India Coal Company,
" Limited."
Gentlemen,—l request you will allot me shares
in the East India Coal Company upon the terms of your
prospectus, and I agree to accept the same, or such lesser
number as may be allotted to me, and to pay the deposit
thereon at the time and place mentioned in the letter of al-
otment, and that such deposit may be expended in defray-
ng the preliminary expenses.
Name
Address and Occupation
Number of Shares
Reference
Date