The Sun.
London, England, 1864-07-04 00:00:00

Abraham DIRECTORS.
Chaff Darby, Esq., Ebbw Vale Park, Monmouthshire,
rman and Managing Director.
Joseph Robinson, Esq ,Berkhampstead and London, Deputy
Chairman. •
Frarcis Tothill, Esq., Bristol.
John Platt, Esq., Oldham.
G. S. Beecroft, Esq , M.P., Leeds.
James Aspinali Turner, Esq., M.P.. Manchester.
Harry George Gordon, Esq., 1 Clifden-place, Hyde-park,
London.
Charles King Anderson, Esq., 65, Old Broad-street, London.

BANKERS.
The Bank of England.
And its several Branches at
Manchester, Birmingham, Liveri,ool, Bristol, Leeds, New-
castle, Hull, Plymouth, Portsmouth, Leic. sten

SOLICITORS.
Messrs. Frealifie ds and Newman, London.
BROKERS.
Messrs. Joshul Hutchinson and Son, London.

AUDITORS.
David Chadwick, Esq. (Messrs. C hadwick, Adamson, M`Kenna,
ad Co.), 27, Great George-stree , Westminster.
John Yonung. Esq. (Messrs. Coleman, Turquand, Youngs, and
Co.), Tokenhouse-yard, City.
OFFICES, PRO TEM.
No. 27, Great George-st reet, Westminster, and 7, Laurence
Pountney-hill, Csty.

The Company is formed for the purpose of carrying into
effect an agreement made for the purchase of the undermen-
tioned Coal, Iron, and other Works, which have for a long
time been carried on with very satisfactory results by private
individuals, and are capable of considerable expansion, with
greatly increased profits.
Tile Properties and Works have been purchased on very
favourable terms, on valuations made by eminent mining
engineers.
The Works consist of—

1. The Ebbw Vale Collieries and Iron Woes.
2. The Sirhowy Collieries and Iron Works.
3. The Victoria Collieries and Iron Works.
4. The Abersychan Collieries and Iron Works.
5. The Pontypool Collieries and Iron and Tin-plate
Worts.
6. The Abercarn Collieries and the Chapel Farm Estate.
7. Wharves and Landing Stages at Newport.
All in the county of Monmou h.
8. Haematite Iron and Coal Galeages nr Royalties in the
Forest of Dean. in the county of Gloucester
9. The Brendon Hills Carbonate of hat or Spathose
Mines, in the county of Somerset.
And the Estates comprise :-
3,254 acres 01 Fre hold Land and Mines.
7,215 acres of Leasehold Mines, and agnements for leases
having upwards of 8 years unexpired.
2,137 acres of Leasehold Mines, having from 10 to 50 years
Unexpired.
700 acres of Nines in the Forest of Dean, held under a
Crown lease, renewable in perpetuity for perio is of 21 years.
About 9 miles in length, or about 3,, 00 acres on the course
of the Spathose iron ore veins, in Somersetsh re, under leases
for about 50 years unexpired.
The leaseho d coal and iron-stone royalties are held on
Very moderate terms.
There are upwards of 2,000 houses and cottages on the free-
hold and leasehold estates.
The rentals from land, farms, and houses, amount to about
414,000 a-year.
The works afford employment to more than 15,000 persons,
repre-enting a population of 50,000 people.
Schools fur the accommodation of 2,200 children, and a Me-
chanics' Institute have been erected upon the estates.
There are 23 blast-furnaces, of which 16 are in operation at
the present time—three being cold blast.
The present annual prcduc of the various col'ieries is
850,000 tons of coal ' • and this quantity can, with a compara-
tively sma 1 outlay, be increased to 14 million tons annually.
The produce of iron-stone is 280,000 tons annually, which can
be increased to 450,000 tons.
qu The iron-making coals on these properties are of a superior
y, free from sulphur, and eminently adapted for the
manufacture of the best class of iron or steel.
The present annual yield from the furnaces is about 130,000
tons ot pigiron, including 12,000 tons of P(.ntypool cold blast,
but the arrangements are adapted for the production of
180,0)0 tons. About 90,000 tons of r and finished iron are
sold annually, which can be increased to 120,000 tons with the
present applianc s.
All the properties are very favourably placed in regard to
situation of works and facilities of transport. The c ,al and
iron-stone mines, which are now drained and proved, will
supply the present consumption, without any material in-
crease of dead charges or outlay of capital, for upwards of 50
yenrs ; and with a small outlay will yield a further supply of
600,000 to, s of coal per annum, for household and Steam pur-
poses, for a like period.
The hematite iron ore and coal properties held in the
Forest of Dean will shortly be opened, and placed in
direct communication by railway with the various iron.
Works, the distances between which and the place of pro-
duction will be from 2 to 42 miles only, whilst this class of
ore is now carried to the works 3.0 miles by water and 30
Miles by rail.
The Forest of Dean ore contains from 3i to 42 per cent.
of iron, and is well known for its superior quality over other
hrenvitite ores for the manufacture of the best iron and
steel. it is estimated that, when fully opened, the mines now
held by the Company will produce 100,000 tons annually for
$0 years.
The very extensive and valuable mines of spathose iron
Ore, in Somersetshire belonging exclusively to the company,
are the only mines of their kind now being worked in Gra at
Britain, excepting the small veins found in the Durham lead
mines. When these mines are fully developed the works of
the Company will possess advantages greater than any other
Works in the supply of this most valuable materia for the
manufacture of the best quality of iron and steel. And the
cost of producing spiegeleisn
cost of
with this ore will
not exceed half the present cost of spiegeleisn deliv red
in England from Germany, which country furnishes many
the whole of the supply required for the present consump-
tion.
The Directors have agreed for a licence for the manufac-
ture of steel by the Bessemer process. which, from the pecu-
liar roources they possess, they will be enabled to produce
in v, ry large quantities, and at a price that in comparison
With other works, a ill insure to them the same advantages
in the manufacture of steel rails as the Ebbw Vale Company
have so long enjoyed in respect of iron rails.
The stocks of material and finished iron will be taken at
the cost price, as entered in the books at the ast stock-
ta
Months.king in September, 1863, and are to be paid for within six
The'contracts on hand, which are large, and at remunera-
tive prices, will be transferred to the new Company.
in Mr. Abraham Darby, the principal proprietor and manag-
g partner of the whole h the concerns comprised in the
present purchase, will undertake the duties of Chairman of
the Board, and has consented to act as Managing I)irector for
a period of five years, thereby securing to the new Company
the benefit of his long practical experience in the manage-
ment of the works.
Mr. Joseph Robinson, also a proprietor in all the above
Concerns, and who for many years, as the London partner,
has had the principal management of their commercial ope-
rations, will, under the direction of the Board, conduct the
business of the Company as heretofore,
From certified reports on the profits of the various works,
extending over a considerable period, and from a due con-
sideration of the advantages possessed by the Company,
the Directors feel justified -in anticinating that the annual
dividends will be such as to give satisfaction to the Share-
holders.
The Vendors will subscribe for Shares in the Company to
the extent of half a million sterling.
Three hundred thousand pounds of the purchase-money
Will be paid within two months, and the remainder by six
equad cent.
l half-yearly instalments, with interest at 5 per
Pai.
vaZdoe promotion-money or other similar payment will be
Bank Bof Application for Shares may be obtained at t!,e
fnf Broke,?! England, and its several Branches ; from the
or from the andersig-ned, by whom any further
ration required will be furnished.
etiADWICK, ADAMSON, M`KENNA, and Co.,
Financial ,
27, Great George-street. WAgentsestminster, and
64, Cross-street, Manchester.

C a prri t!
,°0
"REWO, ALE COMPANY
O,OOV in 80,030,001 Shares(L ofi .£5O each.

FORM OF APPLICATION FOR ALLOTMENT OF
SIIARES.

No.
To the Directors of ~T,
per Messrs. Chadwick le Ebbw Vale Company (Limited),"
damson, M`lienna, and Co., Finan-
cial Agents, 27, Great'Gr
Cross-street, Manchesteiyge-street, Westminster, and 64,
Gentlemen,
Having p p
Shares of £5O each
aid a deosit per Share, I beg to
Vale
apply for
Company (Limited)," and heret the proposed "Ebbw
holder in that Shares, subject free to become a Share-
or
any rs rules and regulations,
and to accept such
allotted to me. lees number that may be
I am, Gentlemen,
Your obedient servant,
Name in full .
Address in full: ************* " ********
Profession 'or occupaii,;,* ***********
Date ******** . .......... ,
.....