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

H E SOUTH WALES COLLIERY
COM P. kliY (Limited).
The Liability of each shit eholder is limited by the Act of
25th and 26th Vic., cap. 89. to the amount payable upon
the shares h eld by him i n the capital of the Company.
Capital £200,C.00, in 8,000 shares, of £25 each. 10s. per
share to be paid on appli cation, .£2 on allotment. Calls
not to exceed £2 lOs per a hare, nor to be made at intervals
of less wan three months,

DIRI:'CTORS.
CRA.77SHAN BAILEY, Esq., M.P. Newport, Chair-
man.
R. W. KENNARD, Esq., • M.P., (Messrs. R. W. Kennard
and Co.)„ Deputy-Chain nan. '
lion. S. P. Tereker, DireC for South Staffordshire Railway
Ccmpanr..
W. Challis,. :Esq. (Sir J.. Pirie, Bart., and Co., Birchin-
lane.
T Gratrex, ,Esq., Bartlrc r, Newport.
B. Greer field, Esq Director Pernambuco Railway
Company.
Lawrence Fi..,,,yworth, RR., jun., Yew Tree, Liverpool.
( With power to add to their number.)
RiNKERS.
The Cc insolidated Bank., Fenchurch-street, E,C.
Messrs , Cra.wsriay 832 ley and Co., Newport.
SOLICITOR --George Rooper. Esq., 2G, Lincoln's-inn-fields.

_
I tRoKERs.
MossrF. Jo Vona Hutchi ason and Son, 15, Angel-court,
Thrograo2l on-street.

AUDITORS.
Edward Choi lire, Esq., Bank of Egypt, Old Broad-street,

E.C.
Cornelius W alford, Esq., Enfield.
SECRV. CARY (pro tom.)—James J. Wallis, Esq.
ffices—No. 16, Cannon-street, B.C.
PROSPECTUS.
This Cor 'parry its formed for leasing or purchasing Coal-
fields in th, South Wales Basin, and working the collieries
for export a nd home consumption.
The grea t and increasing demand for South Wales coal
both at hot se and abroad, for steam and other purposes,
presents a t lost favourable opportunity for commencing and
prosecuting. a large and profitable business.
The Boai el of Trade Report stows that the exports :I.om
South Wales in 1862 amounted to L,378,971 tons. The
,efe urns for 1863 when published will show a great increase.
INrearly a fourth part of the total exports of the United
K ingdom i s from the ports of South Wales. The quantity
thu exports dis equal to that from Newcastle and Sunder.
land respectively-
The coal now being supplied to the ports of Cardiff and
Newport is utterly inadequate in quantity to meet the pre-
sent demarei ', which is progressively increasing, and it has
become a in atter of serious consideration how the future
demand is ta , be met, seeing that the commercial marine of
the world is t .apidly changing from sailing to steam vessels,
whilst the w orking of foreign rialways, which has only
lately commea iced, will necessitate exports on a vast scale.
The great vi lue of the South Wales coal for steam and
all other purpo tea is too well known to need explanation
here, and great success is attending all well-regulated and
careful workir gs. The present extraordinary demand has
raised the aver a -4. e price from Bs. to lls, or 12s. per ton, the
present officialil -ices,
The Company has secured, cn advantageous terms, a lease
for 50 years of c a-densive seams of coal in the barony of
Abergavenny, id a atical with and forming portion of those
now worked with great success by the Blaenavon Company
and other coalown ers.
The average woi, .14ing thickness of these seams is 30 feet.
On this property,. which is in communication with all the
railways in the dist.tict, the Company proposes to commence
operations.
From the actual e.K perience of adjacent collieries working
the same seams, it t as been proved that the coal can be
vaised and delivered i n trucks on the railway, including
royalty, at a cost of 5g . per ton.
the carriage to Newport is ls. 95. per ton.
L is estimated the t, when in full work, at least 300,000
tons oer annum will lie raised on this property alone, for
which a stile will be re adily found ; and this, assuming the
profit to be only ls. per ton upon the capital to be ern•
ployed on this first operation (which will not exceed
£75,000), would yield a profit of 20 per cent.
Tttere ben ig no reservation of any kind for promoters or
premiums fc r leases payable, the shareholders will obtain
the entire IA nefit of the employment of the capital raised,
preliminary. expenses being confined to the necessary dis-
)Jursements,.
Applicat3,ons for shares in the annexed form may be
made to th,) brokers or bankers of the Company, or to the
Secretary i a Linden •, or to Messrs. Crawshay Bailey and
Co., the Cc ornpany's bankers at Newport, from any of whom
prospectus, 36 can be obtained.
Where n o allotment is made the deposit will be returned
in full, and!, should the number of shares allotted be less
than that a pplied fur, the payment in excess will be applied
towards the, deposit.
Copies of: the articles of association may be seen at the
osces of tl to Company.
Feb. 12, 1864.
FORM OF APPLICATION FOR SHARES.

To the Di. rectors of the South Wales Company (Limited).
Gentlem en,—Having paid to your bankers the sum of
~ I hereby n quest that you will allot me
shares in the South Wales Colliery Company (Limited);
and I here by agree to accept such shares, or any less num-,
ber that y, )tt may allot me, and request you to place my
name on tl ie register of members for the number of shares
allotted to jne.—l am, Gentlemen,
Name in full
Address in full
Usual signature

Date -
This form is to be presented to the bankers entire, who will
sig ;a and return the receipt to the applicant.

Hay.al and Military Intelligence.

IRE NAVY.

A letter received from an officer on board H.M.S.
_Revenge., at Athens, mentions that Mr, Frank Mar-
tial, the t econd master, died of fever on the 31st of
Sat. nary. He was very much respected, and the
ship's corrtpany were to erect a tablet to his memory.
The Tre falgar, 70, screw liner, Capt. Thomas H.
Mason, sa iied from Spithead on Sunday evening for
Sheerness to be paid out of commission.

The Se yl!a, 21, screw corvette, Captain R. W.
Courtney., arrived at the Cape of Good Hope on the
23d December from England, and on New Year's-
day rests) tied her voyage for the East Indies and
China. The Ariel, 9, screw sloop, Commander Chap-
man, was- waiting at the Cape on the 6th Jan. the
arrival of: the mail steamer from England, and was
then to r esume her old station in the Mozambique.
Lient. Bi fickle, of the flagship Narcissus, has been
appoint& I first lieutenant of the Ariel, vice Lient.
Stubbs, appointed to the Seringapatam. The Nar-
cissus,be. wring the flag of the Admiral-Commanding-
in-Chief, ;Sir B. W. Walker, K.C.8., was at anchor
in Simon"s Bay on the 6th of January.
The C miser, 17-gun screw sloop, 752 tons and
60 horse -power of engine, is being cleared out along-
side Porasmouth dockyard, preparatory to being
towed down to Messrs. White's Medina dock and
building-yard, where she is ordered to undergo a
thorough. repair in readiness for commission.

HIGH WATER AT LONDON BRIDGE.
fins DAY.—Morning, Si. 28m.—Afternoon, 9h. Sm.
to-isonnow.-Morning, 9h. 50m.—Afternoon, 10h. 34m.