The Sun.
London, England, 1855-09-19 00:00:00

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THE EAST INDIA COAL COMPANY.
" LIMITED."
Provisionally Registered under the Limited Liability
Act of 1855.
Capital, 150,0001. 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 duo
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 Mouse, Want-
age, Berks.
Sir H. 'l'. Maddock, M.P. (late Governor of Bengal), 180,
South Audley-street.
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 Sittingbouruo, Kent.
A. I. V. de Magalhaens, Esq., 75, Mark-lane.
William P. Haymen, Esq., Rochester, Kent.
George Burge, 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
coals 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 filet of an association—THE
BENGAL COALUONIPANY—working in the immediate proposed
locality, having for some years past paid its Shareholders
dividends varying from twelve to sixteen per cent. THE EAST
L'SDIA COAL COMPANY will have the advantage of commencing
its operations, with the means of transporting its Coal to
market, by rail, in six hours--a benent or vast importance,
when it is remembered that until within the last few months
tho only mode of transit has been of the most tedious,
dangerous, and expensive character ; combining land and
water carriage—the former by carts, and the latter on a tor-
rent navigable for a very brief period of the year.
Tho Collieries and lauds secured by the Directors are ex-
tensive and valuable : they consist of five distinct Mines,
together with buildings, plant, &c., die., and comprise an
area of upwards of five hundred acres. The seams vary from
eight to sixteen feet in thickness, and contain an inexhaust-
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
Tauksooly, 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
to Shareholders. Not only is the price extremely moderate,
with reference to previous sales of similar property, but the
seller has consented to receive tho 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 ono 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 eightpence
per ton ; or, adding one shilling and fourpence for sundry
charges, fourteen shillings. The price .of Coal in Calcutta
has 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
not be less than three hundred tons per diem, leaving a profit
of 1051. per day, or, in round numbers, 31,5001. 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 Feel upon the
plan found to answer so well here, and the preparation of
Coke for the use of the Indian allways, &c, 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 Coin-

hands for the getting in the crops. There has been
some sickness at Grenada, but no epidemics. The
weather was variable, but not unfavourable to
agriculture. The exports to the 25th of August
were—of sugar, 4,485 hogsheads ; cocoa, 3,783
bags ; and rum, 1,989 puncheons, showing a do-
crease, compared with the shipment of the corre-
sponding period of last year, of 602 hogsheads of
sugar, and 178 bags of cocoa, with an increase in
rum of 178 puncheons, the result as regards rum
being accounted for by the necessity to which the
planter has been driven of making spirits of that
cane-juice which had been rendered unfit for the
production of sugar from the influence of unsea-
sonable weather. _ _

panics.
It is proposed to manage the affairs of the Company in the
manner .adopteclby the Peninsular and Oriental Steam Com-
pany, and the various Indian Railway Companies—that is,
by a board •f direction in London, and an agency and su-
perintendents in India.
The operations of the Company will be immediate.
Application for shares, in the following form, will be re-
ceived by the Secretary and the Brokers of the company :--
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-
lotment, and that such deposit may be expended in defray-
ing the preliminary expenses.
Name
Address and Occupation
Number of Shares
Reference
•

Dato

SPORTING INTELLIGENCE.

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and conscientiousness, they could only become
general by the equal generality of conspicuous
heroism. We feel sure that to hold out to brave
men of both services some reward of a higher kind
than pay and prize-money is a proposal that the
nation would not fail to sanction, nor our soldiers
and sailors to appreciate. But, before such an ex-
tension of honours can be graceful or advantageous,
they must be cleared from all that recalls the days
when, if not actually purchased, they were seldom
bestowed but on those who could afford to pur-
chase them. With the three Orders to which com-
moners may not aspire the public will concern it-
' self but little ; but, if the only one which is open
to genius and courage is to preserve its influence
in the present day, the abuses to which we have
called attention must cease to exist.—Times.

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