The Sun.
London, England, 1863-06-25 00:00:00

Capital £40,00?, in 40,000 Shares of £1 each.
.. _

Deposit, ss. per share on application, and be. per share on
allotment.

DIRECTORS.
Col:Abbott, 150, Leadenhall-street, and Upper Spring-street,
Portman-square.
William Ancrum, Esq. (formerly H.M. Consul at Tunis),
Penge, Surrey.
E. J. Bridell, Esq. (Director of the St. David's Mining Com-
pany), 34, Beaumont-street, Portland-p ace.
E. J. Cole, Esq., 76, Gower-street, Bedford-square.
Edwards Richards, Esq., Knightsbridge, and Westbourne,
Emsworth, Sussex.
James Young. Esq., 19, Great George-street, Westminster.
With power to add to their number.

BANKERS.
Messrs. Robarts, Lubbock, and Co., Lombard-stree'.
SOLICITOR.
G. R. Dodd, Esq., F.S.A., 26, New Broad-street, E.C.
AUDITORS.
Will be appointed by the Shareholders.
SECRETARY (pro tem.)—lifessrs. Lerch and Maguire.
Temporary Offices—No. 1, Coleman-street-buildings, Moor-
gate-street, E.C.
This Company is formed for the purpose of purchasing an
extensive and valuable grant of Lead, Copper, Iron Ore, and
Slate, en the north side of the noted Cader Idris Mountain,
known as the Cyfannedd-fawr, in the parish of Llanegryn,
Merionethshire, North Wales, held under lease for 21 years,
at 1-15th Royalty on all minerals (except Iron Ore, at a
Royalty of only 4d. per ton).
The great grant includes numerous lodes of Lead, Zinc, and
Copper -Iron of the best quality, and blende with traces of
Gold—also excellent Slate.
An adit-level intersects several lodes of Silver-lead, or
Galena.
A Copper lode opened upon, gives promise of excellent re-
sults.
An Iron vein runs through the entire grant.
An extensive bed of Slate of good cleavage can be worked
to great advantage.
The Silver-lead, proved by assay, has yielded 40 ounces of
silver to the ton of ore.
Lead and Copper from a shaft at the end of the adit have
realised £32 per ton.
The Iron vein is estimated to produce 61 per cent. of iron.
The Slate is of superior Quality, and can be cut into pave,
ment, flooring, chimney pieces, &c. The streams of water
running through the grant offer great facilities for working,
scouring, and cutting the slate. In facL a Quarry opened
upon the property will pay well for working.
The foregoing facts and the position of the grant, in a rich
mineral district, warrant the conclusion that, efficiently
worked, the mine is capable of yielding returns equal to those
of the most profitable mines in the Principality.
The property being advantageously situated about half a
mile from the Welsh Coast Railway, from which a siding can
be constructed at moderate cost, and only miles by public
road from the shipping port of Barmonth, affords a facility
of transit which greatly enhances its value.
With these ar,vantages, and adequate water power for
working. machinery, dressing ores, &c., the Directors, after
careful investigation, confidently anticipate that 10s. per
share upon the capital of the Company will be sufficient to
develope the wealth of the mine, and produce profitable re-
sults without further calls.
The Lessee having agreed to take £3,000 in cash,
and 5,000
paid up shares, assigns all his interest in the mine, inc uding
upwards of IGO acres of mineral ground—the previoua out-
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obtained at the Temporary Offices of the Company ' • and the
deposit paid on application will be returned if no allotment
be made to the applicant.