The Sun.
London, England, 1864-08-19 00:00:00

1862.
Capital £50,,000, in 100, 0 Shares of £5O each.
£1 Deposit on Application, and £4 on Allotment.
,tt is not contemplated to call up more th n £25 per Share.
DIRECTORS.
Wiliam Walter Cargill, Esq., M.P., Director of the Orien-
tal B nk Corporation.
Eugene Collins, Esq., Director of the London, Birming-
ham, and South staffordshire Bank ,Limite
J• B. Cumming, h. sq. Messrs. J. B Cumralng and Co.,
London), Director of the Continental Bank Corporation
(Limited).
William Hugh Logan, Esq., Banker, Berwick-on-Tweed.
dames Marsh .11, keg., WiLiwood, Hampstead.
J. E. NaN lor, Esq. (Messrs. B. Gott and Sons), Leeds, Di-
rector of the London and Lancashire Assurance Company.
Bonamy Price, Esq., Director of the Western Life Assur-
ance Company,
P Reginald Read, Esq., Director of the Crystal Palace Com-
any.

(With power to add to their number).

BANKERS.
The London and County Bank and its Branches.
The AM ,nce B ink. at Liverpool and Manchester.
Messrs. Bail ic, Cave, and Co., Bristol.
The Leeds Bankinv Company, Leeds.
Messrs. Craw,'hay Bailey, Greatrex, and Co., Monmouth,
Newport, and Abergavenny.

SOLICITORS.
Messrs. Sole, Turners, and Hardwick, 68, Aldermanbury.

•
London.
BROKERS.
James Shepherd. Esq., 36, Thromorton-street, London.
Messrs. T. Haley and Sons, Brown's-buildings. Liverpool.
Messrs. Ridsdale and Wai es, Psrk-row, Leeds.
Messr . Mewburn and Barker, Moult-street, Manchester,
and Halifax.

AUDITORS.
Frederick Maynard, Esq., Bread-street, London.
James Maurice, Esq., Old Jewry, London.
Suauel Lowell Price, Esq., Gresham-street, London.

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

PROSPECTUS.
The extensive and valuable properties of Crawshny Bailey,
Peq., M P., known as the Aberaman Iron Works and Col-
ey, are of European celebrity, and therefore only a very
brief description of them will be necessary.
The property, which has been carefully surveyed by Joshua
ilichardson, Esq , M.I.C.E. F.G.S , extends over an area
1,53i1 acres of freehold f.and, and is on fat, North Crop of
the South Wales Cos, Basin. and contains a greater number
ti the veins of i oustone and coal than is usually found in
any property of equal extent.
One great a d desirable feature of this property is, that it
Is Freehold, except as to one-third of the minerals, upon
Which there is a trifling royalty.
The coal is the noted Aberdare St am Coal, and certified
by XI% RI hardson as " The best steam coal in the kingdom,"
amid sta ds at the head of the Government list.
Alr Richardson describes the property in his Report " as
containing 10 veins of coal, of the aggregate thickness cif 48
feet, besides the numerous courses of ironstone, of the agt.2re-
gate thickness of 143/4 feet ; these extend over the area of the
Whole estate, and here are four veins of tne average th ck-
nPria of 8 feet, which crop out on the side of the mountain
,and below the 9 feet there are four more veins of coal of 10
feet in thickness."
The ironstone " is the black bond, a carbonaceous ore,
Which is comparatively rare, and yields from 61 to 70 percent.
of iron," and aso the ordinary argillaceous ironstone. The
argregate thickness ,s 5i feet.
The estate contains at least 91,485.440 tons of whole or un-
"orked coal, which would yield a supply of upwards of 00
;tons a day, or 3i 0.0'1(1 ton- per annum for 304 years ; and of
?lack band iron ore, 4,540,5 i 0 tons, which is equal to 3,000
lona of bar iron per annum for 773 years ; and of rgillaceaus
ironstone, 135,3 9,270 tons, whi h is equal to s'o tons per
*Week, or 26.' di lens of bar Iron per annum for 1.300 years
„ The estate communicates with the Aberdare Railway, and
le also most admirably situated for water, the river Aman
tlioning through it.
This Company nag entered into a provisional contract for
the purchase of the whole of the freehold and leasehold
estates above referred to, Including the whole of the mine-
tale, rents, royalties, waylcaves, &c., besides the iron, orks,
coal-fie ds, and goodwill of the business, and aso the man •
sten, 3011 cottages, buildings, plant, machinery, engines,
stocks, railways, tramways, and other property.
,itr Crawshay iiaih y, althom:h working the property only
to a very limited extent, has realised very large prefits, and
retires, in consequence of advanced age, with a princely f
tune. Mr Richardson reports that the income may be doubled
or trebled ith moderate additional outlay. and Mr. D. Jones
reports that .£IOO,CO I per annum net profit can easily be
realised ; and assuming only halt this income be pro u ed,
be Payable to be £250, 0., 1 follows that, after allowing in-
terest on loans, &c., from 15 to 20 per cent. will be ava lable
for a dividend to the sharehol iers, and this not from an un-
dertaking requiring to be developed, but from an old-estab-
lished and lucrative business.
It has been arranged that the services of the whole staff are
at the disposition 01 this Company.
'the Company will enlarge the capabilities of the Works
and Colliery, and thus materially enhance the value of the
property.
; Joshua Richardson, Esq., has concluded his Report s fol-
In conclusion, I beg leave to observe, that I have
rarely inspected a mineral property in which the facilities for
the cheap production and conversion of the coal andironstone
are treater, and in which the vast resources may be more
largely developed. This property contains the best steam
coal in the k tvrdorn, t r which at present there is a great de-
Mand, at highlx remunerative prices. Without presuming
to enter into a iscuss•on of subjects not submitted to my
consideration, you will perhaps allow me to and, that a
greatly increased production of both coal and iron might be
effected by the outlay of from £5,000 to £7,000, and that I
be ieve there are but yeiy few conce ns in South Wales
which would be more highly remunerative were the deve-
lopment of its resources carried to a much greater extent."
Mr. David Jones has also reported as follows:
The Aberaman Est to Iron Works ant Colliery of Crawshay
Bailey, Esq., M P., in the county of G 1 morgan.
I have been the hief engineer of several railways, mining
engineer for the late Thomas Po xell, Esq., coal merchant,
and engineer for se, eral iron woris and Willem , including
Aberaman, for the ast 25 years.
h rom this circumstance, and my acquaintance with the
Aberaman Works from their opening, I have no hesitation in
saying that Mr Rai ey has worke I them on ly to a very limited
extent; and with' a comparatively moderate outlay, a. net
income of £too, 00 a-year can be re Reed from the estate. I
am of opinion also that the I come can be increased yearly
for a very long period, as the iron stone, black band iron ore,
and fire cl .y are, as It were, inexhaustible, and the Collieries
will yield 1,000 tons of the beat steam coal a day for about
30) years. The whole property is exceedingly valuable,
and possesses unusual advantages for manufacture, car-
nage, &e, DAVID JONES.
Rumney Railway Eneineer's Office, Machea, Newport,
Monmouth hit e, July 21, 1t,61.
With a view to keep the called-up Share Capital as low as
tossibie, arrangements have been made by which the vendor
as agreed to allow a large portion of he purchase money to
remain at interest; this will materiaily increase the dividends
to shareholders.
Copies of the Articles of Association,
which contain the
terms of the provisional contract, and of the reports reicrred
to, may be seen at the offices of the Solicitors of the Com-
Pany.
Applications for the remaining shares Must be madein the
torni annexed, and be accomp nied by a payment of per
*?hare ; if no allotment be made, the amount will be returned
'forthwith; if a less number is allotted than is applied for,
the amount pai i on aopli atiou will be applied towards the
payment
of tie £4 due on allotment—the balance, if any,
being re time I.
Prospectuses and Forms of App ication may be had at the
Mee of the Company, and of the hankers, Brokers, and
; and also at the Offices of the Financial Corpora-
ion (Limited)„ 4, Leadenhall - street, London.

FORM OF APPLICATION FOR SHARES.
To be retained by the Bankers.

No. -
To the Directors of the Aberani in iron Works (Limi'ed).
the Sum
paid to your Ban.,ers,
Sum of £ , being* a deposit of £1 per share, on
Shares in the abovt Company, I here request that
Vu. will al of me that number, and I agree to accept such
Shares or any less number you may allot to me ; and I agree
L° Pay the deposit en allotrneet, and to sign the Articles of
Association of the Compahy when required, and I authorise
.YOu +o insert my name on the Register of Members for the
nufaber of Shared allotted to me.
Usual Signature
Name in full
Residence
Profession
Date 1661