The Sun.
London, England, 1852-01-03 00:00:00

ANGLO-CALIFORNI AN GOLD MINING
COMPANY.
(Incorporated pursuant to 7 ant 3 Vict.)
Offices—No. 11, Adam-street, Adelpni.
Capital, 50,6001.,
In 100,000 Shares of IN. (fully paid up) each.
No Shareholder will be liable beyond the amount of his Shares.
TRUSTEES.
Charles Herbert Cottrell, Esq., Hadley, Herts.
George Emmott Green Esq., Eramott Hall, Lancashire.
James Harmer, Esq., Ingress Park, Greenhithe, Kent.
CHAIRMAN.
GEORGE EDWARD COTTRELL, Esq., James-street, Buck-
ingham-gate; and New-square, Lincoln's Inn.
VICE-CHAIRMAN.
FRANCIS DENNIS MASSY DAWSON, Esq., 'Victories
square ; and Flowden-buildings, Temple.
DIRECTORS.
John Barker, M.D., Richmond, Surrey.
Symeon Taylor Bartlett, LL.D. Cambridge.
Jonathan Felder, Esq., Penrith.
Charles Hineks, Esq., Birmingham.
Joseph George Parker, Esq., Warminster.
Sir C. Si. Rumbold, Bart., Argyll-street. Regent-street.
RESIDENT DIRECTOR IN CALIFORNIA.
Captain Sir Henry Vere Huntley, R.N.
RANKERS.
London and County Bank, Lombard-street.
SOLICITORS.
Messrs. Coombe and Nickell, Bridge-street, Westminster.
SUPERINTENDENTS IN CALIFORNIA.
James Maconochie, Esq. I William Godfrey Huet, Esq.
SECRETARY (ad interim).
Mr. George Frederick Goodman.
This Company being now completely registered, the Directors
take the earliest opportunity of laying before the Shareholders a
statement of its progress and prospects.
It may be confidently asserted that no Company was ever brought
before the public with equal prospect of speedy and successful
results.
The prompt assistance afforded by the Shareholders to the Direc-
tors, and the perfect confidence in the management displayed by
them, have enabled the Directors to take such steps as must ensure
an enormous dividend within a few months.
Sir Henry Huntley, the resident Director in California, has been
in that country five months, and the course adopted by the Directors
for carry ing out this enterprise results from the experience obtained
i him during that period. The instructions given to Sir Henry
Hunt ey were, in effect, that he should make every possible inquiry
relative to the state of the country, the tenure of land, thecroitente
partitive merits of the different quartz veins in the severalD Directors
Of California, and after mature deliberation to advise the ireetem
as to their best course of proceeding, and to take such measures
would enable them to carry out his views as speedily as possible.
Following these instructions, he has secured for the benefit of the
Company, sufficient lands for all mining purposes ; but he is clearly
of opinion, that for the present, at least, it is not desirable to uader-
take mining operations, but to crush and amalgamate quartz to
be supplied by those who are possessel of mines, and have raised
the quartz. With the assistance of some gentlemen of great
experience in geology and mining matters, he has inspected and
tested a great variety of veins in the Mariposa, Nevada, Grass
Valley, and other districts, and has come to the conclusion,
,Upon sound reasons, that the vicinity of Grass Valley and
Nevada City, is that which affords the greatest advantages for care_
Tying on our enterprise. He has, therefore, entered into an agree-
ment with some American gentlemen, who have formed a company,
and have opened, and, to a considerable extent, worked a vein of
quartz, dhtant about three miles from Grass Valley and Nevada
Cite, and about thirty miles from Sacramento City. to crush and
amalgamate the quartz to be raised irom the mine opened by
them. By means of machinery, he has already cru hed
and amalgamated considerable quantities of the quartz sup-
plied him from this mine; and the r. sett of his operations
has been to satisfy himself that the vein is of a full average
richness, and that the locality offers many important advantages in
the way of water, fuel, means of transit, &c., &c. He has, there-
fore, entered into a formal agreement with that Company, which, in
a few words, amounts to this: he is to be supplied by them with as
Much quartz as his machinery shall be found capable of crushing ;
the quartz is to be deposited at the mills free of expense ;
he is to crush and amalgamate it at his own expense, and
he gold produced is to be divided equally between the owners
of the vein and our Company. Formal and legal agreements
for carrying out the above arransement fairly and honestly, and
Without any copartnership, have been entered into. Steam-engines
and machinery estimated to crush about thirty tons of quartz a day,
with fends sufficieet for putting it in motion, have been placed under
the control of Sir Henry Huntley; and, unless some unexpected
delay has arisen, the machinery is now actually at work, and a
return will be made about Christmas next.
For the satisfaction of the existing shareholders of this Company,
and without wishing, in any manner, to deteriorate from the merits
of other Companies, the Directors ate desirous of calling attention
to some of the more prominent advantages possessed by this Com-
pany over others now in the field. Shareholders in other Companies
must mainly rely upon reports sent over by persons interested in
Selling the mine; we rely upon the reports of our own resident
Director and his practical assistants on the spot, whose only
interest is to give us facts. The Directors of other
Companies generally base the estimate of the value of
their mine upon calculations founded on experiments
upon a few pieces of specimen quartz, sent over to this country for
the express purpose of advertising the commodity offered for sale to
the British public; we found our calculations upon experiments
tried, during several weeks, on quartz raised from the mine, and
crushed and amalgamated by our own Superintendent, and with our
own machinery and apparatus. Other Companies propose to
incur the expense and risk of carrying out mining operations
xpen their vein, before the quartz arrives at their mill, and, should
their labours prove successful, they must then pay out of their
profits large per-centages for obtaining their leases, and large royal
ties to their lessors ; whereas we have secured as much quartz as
our machinery is capable of crushing, the title to which is as secure
as that of any other company, unfettered by any per-centage or
royalty. The half of the produce to be paid by this Company to the
Parties who supply us, free of expense, with the quartz, being in fact
Merely equivalent to the dividend upon the outlay of capital ex-
pended in raising the quartz, and lodging it 'it the mill. All the
new companies, unlike this, must be a considerable time before
their arrangements and machinery can be ready for carrying out
their schemes—this Company alone is actually at work.
The paid-up capital of the Company will not exceed 20,000/. An
almost certain estimate of the produce of our machinery can be
formed, and, from the calculations made, the Directors confidently
anticipate being able even at the most moderate estimate, to afford
a dividend of 200 per cent., at the least, within the next twelve
Months. According to the data furnished to us, the quartz which
we are now working yields upen an average 4d. per pound, or 1/.
I7s. 4d. per cwt., or 371. 6s. Bd. per ton • and, as we can crush and
amalgamate at least 20 tons per diem, would amount to 7461.
13s. 4d., or 3731. s. Bd. per diem as the share of this Company
By the peculiar arrangements this Company has made, based
Upon practical experience, the economy in working expenses must
necessarily be such as to render the current outlay most trifling.
In case circumstances should induce the Directors to alter the
Systemnow adopted, and lead them to undertake mining operations
of their own, arrangements have been made securing four distinct
Idles. most carefully selected for their eligibility for mining pur-
poses, and Sir Henry Huntley has on the spot Cornish miners who
went out with him, and who have voluntarily retendered him their
Services.
The gentlemen who formed the Provisional Committee of this
Company, have added to their number several gentlemen possessing
the acquaintance and entire confidence of a very large body of
Shareholders in the provincial districts. To add such men to the
Directory was due to those Shareholders who have in fact estab-
lished and nobly supported this Company. Measures will be taken
for further augmenting the Directory, and a Special sieneral Meet-
ing of the Shareholders will be convened for the middle of January.
In conclusion, the Directors beg to offer their best thanks to the
Shareholders for the uniform support they have received, and they
Pledge themselves that the affairs of this Company shall be con-
ducted with the most rigid economy, and with the sole view of for-
warding the interest of the Shareholders.
The Directors beg to call the attention of Shareholders particularly
to the fact that, from the system adopted by this Company, it can-
not be affected by the question now agitated between the holders of
leases and Colonel Fremont or his agents. The district selected for
the operations of this Company is far removed from the tract claimed
by Colonel Fremont. The difficulty arising out of the many points
now raised relative to the tenure of land under leases, had beets long
known to and was maturely considered by those having the control
of the affairs of this Company, and was one of the reasons which in-
duced them to pursue for the present the course they have, and not
to incur certain heavy expenses with doubtful results.
The Directors trust that Shareholders will approve of the prudence
Of the course they have adopted.
Prospectuses may be had upon application at the offices of the
Company.

THE BRITISH AUSTRALIAN GOLD
MINING COMPANY.
Established in Sydney.
Capital 200,0001., in 200,000 Shares of 1/. each, to be paid up in full
and without any further liability.
50,000 Shares are reserved for Australia.
COMMITTEE OF MANAGEMENT IN AUSTRALIA.
Edward Hammond Hargreaves, Esq., Sydney, the first discoverer o
gold in Australia.
Richard Fawcett, Esq., George-street, Sydney.
John Orr, Esq., Sydney and Melbourne.
COMMITTEE FOR THE LONDON AGENCY.
Charles Heneage, Esq., 3, Cadogan-place.
William Prinsep, Esq., 8, Hyde Park-place West.
Ewing Pye Colquhoun, Esq., 3, Stratford-place.
George Burge, Esq., Shaftesbury-crescent, Pimlico.
Richard Ward, Esq., New City-chambers.
Henry Thomas Ryde, Esq., Mecklenburg-cottage, Mecklenburg.
square.
John Moorhouse, Esq., 12, Billiter-street.
Edward Davis, Esq., Herne Bay.
Ttr
STEES.
Banker, Lombard-street.
George Stone, Esq.,
James Colquhoun, LL.D., 3, Stratford-place.
Charles Heneage, Esq.
BANKERS.
Sydney—The Union Bank of Australia.
London—Messrs. Martin, Stone, and Martins, 68, Lombard-street.
SOLICITORS.
Sydney—Randolph John Want, Esq.
London—F. P. Chappell, Esq., 25, Golden-square.
STocx BROKER—Mr. F. A. Helps, 21, ch
LONDON SECRETARY—MI. H. A. Drake.
%FMB—Sydney : 481, George-street. London : 26, Moorgate
stre.
This Company (which is already etcompletely formed in Sydney)
Las been established for the purpose of working the most eligible
Portions of the splendid Gold Fields lately discovered in Australia.
o,
The Committee have secured leases for seven years of a plot
freehold, land, situate on the Summer-hill Creek, in the Wellington
District, contiguous to the famous Ophir Diggings ; and also such
portions of an estate called " Singleton," as are desirable for mining
purposes. This estate is contiguous to Maitland, on the Hunter
River. and extends for upwards of 20 miles, in many parts of which
Gold has already been discovered.
The contracts have been submitted to, and approved by, eminent
counsel here.
Either or both of these leases are renewable for an extended period
of Bevels or fourteen Years, at the option of the Company, on pay-
ment to the lessor of a royalty of 51. per cent. upon the net produce.
The Company being established in Sydney, the liability of each
!shareholder is limited to the amount of his shares, which are paid up
In full oa allotment. The shareholders are subject to no ca 1, and
are not required to sign any deed, as the opinion of Sir F. Thesiger,
already published, will show.
Application for shares, In the usual form, must be made, on or
before Thursday, the Bth day cf January, at the offices of the Com-
pany; to Mr F. A. Helps, stock broker, 21, Finch-lane, London ;
or to the country agents hitherto advertised.

BRITISH AUS ALIAN GOLD MINING
COMPANY.
No application for Shares in this Cempauy can be received after
ThundaY. the Bth day of January, 1852.
By order of the Committee,
H. A. DRAKE, Sec.

26, Moorgate-street, December 31, 1851

EAST