The Sun.
London, England, 1864-08-19 00:00:00

(With power to add to their number).

BANKERS.
The London and County Bank and its Branches.
The Alli .nce Bank. at Liverpool and Manchester.
Messrs. Bail ic, Cave, and Co., Bristol.
The Leeds Banking Company, Leeds.
Messrs. Crawshay Bailey, Greatrex, and Co., Monmouth,
Newport, and Abergavenny.

SOLICITORS.
4e€Bre. Sole, Turners, and Hardwick, 68, Aldermanbury.
London.
BROKERS.

James Shepherd, Esq., 36, Throgmorton-street, London.
J!dessrs. T. Tinley and Sons, Brown's-buildings, Liverpool.
Messrs. Ridsdale and Wai es, Park-row, Leeds.
kessr . Mewbarn and Barker, Moult-street, Manchester,
and Halifax.

AUDITORS.
Frederick Maynard, Esq., Bread-street, London.
James Maurice, Esq., Old Jewry, London.
Simael Lowell Price, Esq, Gresham-street, London.

SECRETARY.
J. IL Flesher, Esq.
TEMPORARY OFFICES.
29, Threadneedle-btreet, London, E.C.

PROSPECTUS.
extensive and valuable properties of Crawshay Bailey,
b6elo M P. known as the Aberaman Iron Works and Col-
-1;,.75', are o't European celebrity, and therefore only a very
''„,ef description of them, will be necessary.
)I,i he properti, which has been carefully surveyed by Joshua
telia,rdson, Esq , F.G.S , &c., extends over an area
t 111,530 acres of Freehold Land, and is on t'ae North Crop of
e South Wales Coal Basin. and contains a greater number
the veins of i onstone and coal than is usually found in
-11_7 property of equal extent.
Is. dine great a ,d desirable Pone-th eature of this property is, that it
~Preehold. except as to ird of the minerals, upon
Which there is a trifling royalty.
bylle coal is the noted Aberdare St am Coal, and certified
Ur. Ri hardson as " The best steam coal in the kingdom,"
„d sta, ds at the head of the Government list.
Mr Richardson describes the property in his Report " as
rntaining 16 veins of coal, of the aggregate thickness of 48
Leet, besides the numerous courses of ironstone, of the a4.-r,gre-
tate thickness of i4i feet ; these ext, nd over the area of the
Whole estate, and here are four veins of tee average th ck-
e of 8 feet, which crop out on the side of the mountain ;
and below the 9 feet there are four more veins of coal of 10
Feet in thickness."
Zgiron,"
ironstone " is the black bend, a carbonaceous ore,
ch is comparatively rare, and yields from 6) to 70 percent.
and aso the ordinary argillaceous ironstone. The
,aggregate thickness is 5f feet.
The estate contains at least 91,485,440 tons of whole or un-
ivorked coal, which would yield a supply of upwards of ~,00
bra a day, or 0,0 s, ton- per annum for 304 years ; and of
4...44t band iron ore, 4,e 40,5'0 tons, which is equal to 3,000
rail of bar iron per annum for 773 years ; and ot rgillaceous
meek, or
135,3 9,270 tons, whi h is equal to 5 0 tons per
or 26,1 0) 'ons of bar iron ter annum for 1,300 years
The estate communicates with the Aberdare Railway, and
..s also most admirably situated for water, the river Amen
'tinning through it.
the
Company has entered into a provisional c,ntract for
4e purchase of the whole of the freehold and leasehold
Mates above referred to, including the whole of the mine-
-1418, rents, royalties, wayleaves, &c., besides the ironeorks,
'c'?„ al-fie,ds, and goodwill of the business, and a so the man
300 cottages, buildings, plant, machinery, engines,
'locks, railways tract ways, and other property.
Crawsh ay 'Bail, y, althouAl working the property only
.23 a very limited extent, has realised vry large profits, and
retires, in consequence of advanced age, with a princely I r-
L"e. Mr Richardson reports that the income may be doubled
or trebled ith moderate additional outlay. and Mr. D. Jones
fePOrts that £IOO,CO per annum net profit can easily be
✓ealised ; and assuming only halt this income be pro u ed,
be supposing, the share capital upon whin the dividend will
Payable to be £250, 0 , i follows that, after allowing in-
.erest on loans, &c. from 15 to 20 per cent. will be ava table
9r a dividend to the sharehol era, and this not from an un-
lertaking, requiring to b, developed, but from an old-estab-
lished and lucrative business.
It has been arranged that the services of the whole staff are
at the disposition 01 this Company.
The Company will enlarge the capabilities of the Works
a▪ nd Colliery, and thus materially enhance the value of the
Property.
, Joshua Richardson, Esq , has concluded his Report a fol-
lows :—" In conclusion, I beg leave to observe, that I have
rarely inspwted a mineral property in which the facilities for
the cheap production and conversion of the coal and ironstone
are greater, and in which the vast resources may be more
largely developed. This property contains the best steam
coal in the k ngdom, f .r which at present there is a great de-
rnand, at highly remunerative prices. Without presuming
to enter into a discuss on of subjects not submitted to my
consideration, you will perhaps allow me to and, that a
greatly increased production of both coal and iron might be
effected by the outlay of from £5,000 to £7,000, and that I
be ieve there are but ye y few conce ns in South Wales
which would be more highly remunerative were the deve-
lopment of its resources carried to a much greater extent."
-Mr. David Jones has also reported as follows :
The Aberaman Est to Iron Works and Colliery of Crawshay
Bailey, Esq., M l'., in the county of Glamorgan.
I have been the r hief engineer of several railways, mining
trarri lacer for the late Thomas Po well, Esq., coal merchant,
and engineer for several iron works and collierle , including
Aberaman, for the last 25 years.
rom this circumstance, and my acquaintance with the
Aberaman Works from their opening, I have no hesitation in
'saying that Mr Bailey has workei them only to a very limited
extent ; and with a comparatively moderate outlay, a net
income of LW,. 00 a-year can be realised from the estate. I
stn of opinion also that the income can be increased yearly
for a very long period, as the iron stone, black band iron ore,
and fire clay are, as it were, inexhaustible, and the Collieries
till yield 1,000 tons of the beat steam coal a• day for about
"0 }tsars. The whole prope:ty is exceedingly valuable,
and possesses unusual advantages for manufacture, car-
age, Sc, DAVID JONES.
iNmney Railway Engineer's OffiJulce, Machen, Newport,
Monmouth bit e, y 21, 1864.
With a view to keep the called-up Share Capital as low as
L'Ossibie. arrangements have been made by which the vendor
" agreed to allow a large portion of he purchase money to
4._l'ernaiii at interest ; this will materia ly increase the dividends
4.0 shareholders.
Copies of the Articles of Association, which contain the
terms of the provisional contract, and of the reports referred
may be seen at the offices of the Solicitors of the Com-
any.
Applica'ons for the remaining shares must be made in the
form annexedt , and be accomp nied by a payment of £1 per
pare ; if no allotment be made, the amount will be returned
forthwith; if a less number is allotted than is applied for,
the amount pal l en appli ation will be applied towards
anythe
arment of the £4 due on allotment—the balance,
if ,
being re urnel.
ication ma be had at the
P y
rospectuses and Forms of App
office of the Company, and of the isankers. Brokers, and
'Dilators ; and also at the t aces of the Financial Corpora-
lion (Limited), .4, Leadenhali-street, London.

FORM OF APPLICATION Fon SHARES.
To be retained by the Bankers.

Xp_o. --
.co the Dit.eCtore of the Aberamqn Iron Works (Limited).
the
paid to your Bankers,
'ue sum of being a deposit of £1 per share, on
Shares in the abovi Company, 'here.), request that
You Will el ot me that number, and I agree to accept such
flares or any lees number you may allot to me ; and T agree
Pay the deposit en allotment, and to sin the Articles of
Assocaticn of the Company when required
of, and I authorise
Sou toinsert my name on the Register Mes
linaber of Shares allotted to ml e.
Usua Signature
Name in full
Residence
Profession
Date 1864

--.. ---__
PIGS 1 pic,;:,! PIGS!___;7I)IAN PIG MEAL,
a.„ , without hnoks, supplied to the So', al farms, Windsor,
t...` 11l every county in k:ngland, lOs 6d pe• Cwt. ; one cwt.
~silial to li owt. barley or any meal. Delivered free in Lon-
iu Established 1858.—T aomaa PEA,RCE, Jganiger, 156,
—l4ltitreet, 4outlorark.