The Sun.
London, England, 1864-08-22 00:00:00

(With power to add to their number).

BANKERS.
The London and County Bank and its Branches.
The Alli ,nce B ink, at Liverpool and Manchester.
Messrs. Bail ie, Cave, and Co., Bristol.
The Leeds Bankint: Company, Leeds.
__Messrs. Crawahay Balky, Greatrex, and Co., Monmouth,
Newport, and Abergavenny.

SOLICITORS.
atessrs. Sole, Turners, and Hardwick, 68, Aldormanbury.
London.

BROKERS.

James Shepherd, Esq., 30, Throgmorton-street, London.
Messrs. T. Tinley and Sons, Brown's- buildings, Liverpool.
tlessrs. Ridsdale and Wailes, Park-r ow, Leeds.
Messr Mewburn and Barker, Moult-street, Manchester,
411(1 Halifax.

AUDITORS.
Frederick Maynard, Esq., Bread-street, London.
James Maurice, Esq., Old Jewry, London.
8 mud Loweli Price, Esq., Gresham-street, London

SECRETARY.
J. H. Flesher, Esq.
TEMPORARY OFFICES.
29, Threadneedle-street, London, E.C.

ABRIDGED PROSPECTUS.
,The extensive and valuable properties of Crawshay Baffle
M.P., known as the Aberaman Iron Works and Col-
'"7, which are of European celebrity, have been carefully
surveyed by Joshua Richardson, Esq., M.1.C.E., F.G.S., ttc.,
and extend over an arca of 1,53) acres of Freehold Land on
'ao North Crop of the South Wales Coal Basin, and contain
II greater number of the veins of ironstone and coal than is
usually found in any property of equal extent.
%, The coal is the noted Aberdare Steam Coal, and certified
Xlr. Richardson as " The best steam coal in the kingdom,"
"d stands at the head of the Government list.
Mr Richardson describes the property in his Report " as
!:ontaining 16 veins of coal, of the aggregate thickness of 48
rest, besides the numerous courses of ironstone, of the aggre-
kat& thickness of 14i feet ; these extend over the area of the
rhole estate, and here are four veins of the average th'ck-
ess of 8 feet, which crop out on the side of the mountain ;
11c1 below the 9 feet there are four more veins of coal of 10
,9
eet in thickness."

The ironstone " is the black band, a carbonaceous ore,
Which is comparatively rare, and yields from GO to 70 per cent.
Of iron," and aso the ordinary argillaceous ironstone. The
aggregate thickness is 5i feet.
The estate contains at least 91,485,440 tons of whole or un-
Worked coal, which would yield a supply of upwards of 1,0:00
blacka day, or 3(.0,0)0 tons per annum for 304 equal' and of
_ band iron ore, 4,e40,510 tons, which is to 3,000
lons of bar iron per annum for 773 years ; and of .rgillaceous
ltonstone, 135,3.9,270 tons, which is equal to 500 tons per
Week, or 26,100 tons of bar iron per annum for 1,300 years.
This Company has entered into a provisional contract, for
the purchase of the whole of the freehold 'and leasehold
estates, including the whole of the minerals, rents, royalties,
Wayleaves, &c., besides the ironworks, coal-fields, and good-
Will of the business, and aso the mansion, 300 cottages,
buildings, plant, machinery, engines, stocks, railways, tram-
Ways, and other property.

Mr Crawshay Bailey, although working the property only
to a very limited extent, has realised very large profits, and
retires, in consequence of advanced age, with a princely for-
tune. Mr Richardson reports that the income may be doubled
or trebled v ith moderate additional outlay, and Mr. D. Jones
reports that X 100,00) per annum net profit can easily be
realised ; and assuming only half this income be prolured,
and supposing the share capital upon which the dividend will
be payable to be £250,000, h follows that, after allowing in-
terest on loans, &c. from 15 to 20 per cent. will be availablefor a dividend to the shareholders, and this not from an un-
dertaking requiring to be developed, but from an old-estab-
lished and lucrative business.

With a view to keep the called-up Share Capital as low as
possible, arrangements have been made by which the vendor
has agreed to allow a large portion of the purchase money to
remain at interest ; this will materially increase the dividends
to shareholders.

Copies of the Articles of Association, which contain the
terms of the provisional contract, and of the reports referred
to, may be seen at the offices of the Solicitors of the Com-
pany,
• • -

Applications for the remaining shares must be made in the
fort annexed, and be accomp inied by a payment of Li per
share ; if no allotment be made, the amount will be returned
forthwith ; if a less number is allotted than is applied for,
the amount paid on appli ation will be applied towards the
Payment of the £4 due on allotment—the balance, if any,
fug returned.
Detailed Prospectuses and Forms of Applcation may be
`B4l at the Office of the Company, and of the Bankers, Bro-
"
t,ere, and Solicitors ; and also at the Offices of the Financial
"'°rPoration (limited), 14, Leadenhall-street, London.

OL DR IDGE'S BALM of COLUMBIA
stands unrivalled as a toilet requisite. It has been
established 40 years, and is the best and only certain remedy
ever discovered for preservintr, strengthening, beautifying,
or restoring* the Flair, Whiskers, or 3loustaches, and pre-
venting them turning- gray or la lin_g off. —Sold in bottles,
6d., 6s , and Its. by U. and A. OLDRIDGE, 22, VI ening-
..on-street, Strand, W.C. ; and all chemists and perfumers
For Children's and Ladies' hall* it is most efficacious and
Unrivalled.

CAMERON'S GOUT SPECIFIC.
An Effectual and Speedy Remedy for the Gout, Rheu-
matic, Sciatica, Lumbago, and Neuralgia. This invaluable
Medicine is so pre-eminently efficacious as to edmit of no
parallel. Instaaec have been known, in which sufferers have
een confined to their apartments, hand and foot, writhing
finder the most intense agony, whose sufferings, to the asto-
nishment of their friends, hate been wholly removed in less
than 24hours after takinr, the above medicine, and theme elves
tendered able to resume their avocations, Indeed, the effect
as been such, and brought about in so harmless and speedy
a 'tanner, that the proprietor, with the utmost confidence,
Viallenges the medical world to produce a medicine equal to
To the constitution it is harmle.ss ; to the fluids of the
human frame it adds an agreeable impetus ; to the system
erfer,tlly it is invigorating to a degree unparalleled
the above medicine taken about once a month operates most
effectually in preventing a return of the complaint. Prt'e
4?•
144., 2s. 941., and 4s. tid. per bottle. Prepared only by the
j'ePrietor,R Cameron, 40, Tavistock-street, Covent-garden,
p°looll. Wholesalc London agents—Barclay and Son, 95,
arringdon-street ; Butler and Crispe, 4, Cheapside, corner
30, :II St. Paul's Churchyard ; Cleaver, 63, Oxford-street Dart,
Southampton-street, Strand ; Sanger, 150, Oxford-street,
emsampl `le bottle forwarded flee from the manufactory ou re.
of of 0 ,

• P. . .
aid up, X.500,C00.
BOARD OF DIRECTORS.
JOHN CHAPMAN, Esq., Chairman.
Xenophon Balli, Esq. Charles Kelson, Esq,
E. J. Coleman, Esq. G. G. Macpherson, Esq.
Mr. Alderman Dairin. Sir J. H. Pelly, Bart.
James Dickson, Esq. W. Scholefield, Esq„
P. D. Radow, Esq. Sir S. I). Scott, Bart.
J. 0. Hanson, Esq. H. D. Seymour, Esq., M.P.
W. H. Harford, Esq. Joseph Thornton, Esq.
G. P. Holroyd, Esq. P. G. Westmorland, Es j.
J. G. Homere, Esq. Alfred Wilson, Esq.
Capt. J. Gilbert Johnston. M. Zara Esq.
BANKERS.
The Bank of England.
The Agra and Ulsterman's Bank, Limited.
The Bank of London.
The Union Bank of London.
Sir W. Miles, Bart., and Co., BristoL
SOLICITORS.

Messrs. Edwards and Co., and Messrs. Ashurst, Morris, and

CO.
MANAGERS.

Henry J. Barker, Esq., and T. Fraser Sandeman,Esq.

This Association receives money on deposit at notice, and
for fixed periods, on terms to be agreed upon ; makes advances
on approved securities, and effects purchases and sates of
stocks, shares, and debentures; negotiates loans, and under-
takes general financial business.
Communications io be addressed to the Managers.
By order.
W. C. WIN TERBOTTOM, Secretary.
TEMPORARY OFFICES.
Crosby House, 96, Bishopgate-street Within.

E AGLE INSURANCE COMPANY,
LONDON.
REPORT of the Directors for the Year ending,' 30th June,
1864, read at the Annual General Mteting, 12th August,

1854—
Sir JAMES BULLER EAST, Bart., D.C.L., in the Chair.
The duty once more devolves upon the Directors of making
a report to the Proprietors on the transactions of the past
year, and, as usual, they commence it by a reference to the
particulars exhibited in the Surplus Fund Account. These
particulars are as follows :
INCOME OF THE YEAR ENDING JUNE 30, 1864.
Balance of Account, 30th June, 1863 . £528,263 12 11
Premiums on New Assurances ..£23,683 14 1

Ditto, old ditto 288,46 1 4

£311,979 15 5
Interest from Investments...... 81, .46 13 10

t93,1Z6 9 3
Profit on the Sale of Securities.. 17,515 16 8

Total Income

£938,910 18 10
CHARGE OF THE YEAR.

Div'dend to Proprietors
Claims on decease of Lives As- Z 10,3-23 15 0

.....-. ... .. ..._
sured .. • £199,324 2 0
Additions to those under Parti-
cipating
Policies..... 15,993 9 8
Policies surrendered 12,958 13 1

----------
Re-a6surances, new
8,089 12 2
old
44

£274,779 2 6
Commission
Medical Fees 7lB 7 2
Income-tar
Expenses of Management 12,926 18 6
,—..... 300,510 11 i 0

Total Charge .... 310,834 6 10
Balance of Account, 30th June, 1864

£938,910 18 10
Examined and approved,
THOMAS ALLEN,I Auditor&
lIENRY ROSE,

Here It will be seen that the total income of the year is
£110,642 ss. 1 i d., and the total charge 40,834 6s. 10d. The
difference—£9.l,Bo7 198. Id.—increa-e the Surplus Fund to
£62e4,076 12s. The difference last year, it may be remembered,
was £50,875 ISs. 7d.
The income of the year is greater than that of the preceding
one by nearly £24000. The increase is mainly attributable
to the profit derived from the sale of premises in the City,
and elsewhere.

With exception of the payments on account of re-assurance,
and those to the proprietors, all the ,tems of charge are less
than those of the previous year. Thus, the sum paid tor
claims is less by £27,000, an l that for surrender of policies
by £5,300. A considerable reduction, too, is observable in the
expenses of management, arising from a diminution in the
number of the Board, and from other circumstmces. The
Balance Sheet Is as follows:—
BALANCE SHEET.
LIABILITIES.

Interest due to Proprietors £5,432 14 9
Claims on decease of Lives Assured and ad-
ditions thereto unoald
Cash Bonus due to Policy-holders 674 2 8
Sundry Ac.'oun is 1,015 10 10
Value (186 lof Sums Assured _
___ _ _ 4,731,193 7 0

Proprietors' Fund £190,187 10 0

,
Surplus Fund, as above

816,264 2 0

£5,651,801 13 1

ASSETS.

....._ ...._
Amount invested in fixed Mortgages £903,790 1 6
Ditto, ditto, decreasing Mortgag,s
Ditto, ditto, Reversions
Ditto, ditto, Funded Securities 102,►48 18 4
Ditto, ditto, Temporary Securities ......
Current Interest on the above Investments 28,085 1 3
Cash and Bills
Advanced on Security of the Company's Po-
licies ....
Agents' Balances 32,177 2 3
;sundry Accounts. 28,957 8 1
Value (1862) of Assurance Premiums . 3,568,151 7 8
Value (186 4)ot Re-assurances 34,263 10 8

£5,651,801 13 1
Examined and approved,
T H O.HAAS ALLEN, } Auditors.
HENRY ROSE,
The Assets here specified remain nearly as they were in
the last Report, except that the amount invested in Rever-
sions is increased, and that in fixed Mortgages is diminished.
The balance of the Surplus Fund is, of course, increased (as
it should be) from £528,208 12s, 11d. to £623,076 12s.

The Trustees and Directors of the Company are now as
follows :