The Sun.
London, England, 1864-02-16 00:00:00

DIRECTORS.

CRAWSHAY BAIL EY, Esq., M.P. Newport, Chair-
man.
E. W. KENNARD, Esq., M.P., (Messrs. R. W. Kennard
and Co.), Deputy.o hairman.
Hon. S. P. Vereker, )irector South Staffordshire Railway
Company.
W. Challis, Esq. (S i : J. Pirie, Bart., and Co., Birchin-
lane.
T. Gratres, Esq., Banker, Newport.
. B. Greenfield, Esq.: Director Pernambuco Railway
Company.
Lawrence Heywor' :la, Esq., jun., Yew Tree, Liverpool.
(With F ,ower to add to their number.)
BANKERS

The ConsolVated Bank, Fenchurch-street,
Messrs. Cra wshay Bailey and Co., Newport.
SOLICITOR--G,;orge Rooner. Esq., 26, Lincoln's-inn-fields.

BROKERS.
Messrs. JoF hua Hutchina3n and Son, 15, Angel-court,
Throgmoiton-street.

AUDITORS.
E +ward Cheshire, Esq., Bank of Egypt, Old Broad-street,

E.C,
Co rnelius Watford, Esq., Enfield.
SECRETARY (pro tem.)—James J. Walls, Esq.
0-18.-,es—No. 16, Cannon •street, B.C.
PROSPECTUS.
This Company is formed for leasing or purchasing Coal-
fields in the South Wales Basin, and working the collieries
for export a ad home consumption.
The great and increasing demand for South Wales coal
both at hot me and abroad, for steam and other purposes,
presents a r most favourable opportunity for commencing and
prosecuting a large and profitable business.
The Boa nt of Trade Report shows that the exports from
South Wa lee in 1862 amounted to 15,378,971 tons. The
returns for 1863 when published will show a great increase.
Nearly a l 'ourth part of the total exports of the United
Kingdom i s from the ports of South Wales. The quantity
thus export ed is equal to that from Newcastle and Sander.
land respectively•
The coal . now being supplied to the ports of Cardiff and
Newport it I utterly inadequate in quantity to meet the pre-
progressively increasing, and it has
sent demeu id, which is
become a matter of serious consideration how the future
demand is to be met, seeing that the commercial marine of
the world i a rapidly changing from sailing to steam vessels,
whilst the working of foreign rialways, which has only
lately corn) nenced, will necessitate exports on a vast scale.
The grek, it value of the South Wales coal for steam and
all other pi trposes is too well known to need explanation
here, and g reat success is attending all well-regulated and
careful woi things. The present extraordinary demand has
raised the f iverage price from Bs. to lls, or 12s. per ton, the
present off ial prices,
The Com imny has secured, cn advantageous terms, a lease
for 50 years; of extensive seams of coal in the barony of
Abergaven-n,y, identical with and forming portion of those
now worked with great success by the Blaenavon Company
and other cut 'owners.
The averag e working thickness of these seams is 30 feet.
On this pro perty, which is in communication with all the
railways in the district, the Company proposes to commence
operations.
From the actual experience of adjacent collieries working
the same scams, it has been proved that the coal can be
raised and delivered in trucks on the railway, including
royalty, at A cost of ss. per ton.
The carriage to Newport is ls. 9d, per ton.
It is estimated that, when in full work, at least 300,000
tons per araium -will be raised on this property alone, for
which a sale will be readily found ; and this, assuming the
profit to be, only ls. per ton upon the capital to be em•
played on this first operation (which will not exceed
£75,000), could yield a profit of 20 per cent.
There b,3ing no reservation of any kind for promoters or
premiums for leases payable, the shareholders will obtain
the entire benefit of the employment of the capital raised,
prelimisar y expenses being confined to the necessary dis-
bursement P.
Applica dons for shares in the annexed form may be
made to tb s brokers or bankers of the Company, or to the
Secretary in L,tridon ; or to Messrs. Crawshay Bailey and
Co., the C ompany's bankers at Newport, from any of whom
prospeotus es can be obtained.
Where i to allotment is made the deposit will be returned
in full, an a, should the number of shares allotted be less
than that applied for, the payment in excess will be applied
towards tb 'Jo deposit.
Copies ccf the articles of association may be seen at the
oMces of t b e Company.
Feb. 12,, 1864.