The Sun.
London, England, 1863-08-04 00:00:00

PFIEAPEST PASS AGES to all the Colonies. 1
PASSAGES guarantee? at CHEAPEST RATES to
AMERICA. CANADA. BRITISH COLUMBIA, AUSTRA-
LIA, NEW ZEALAND, FORT NATAL, the CAPE, &.c.,&c., by Mail steam and Clipper Sailing Ships weekly font
LONDON, LIVERPOOL, and other ports.
Steamers for AMERICA and AN ADA, every few days,
from £4 10s. to £5 55., sailing packets £3.
Passengers met at all the Stations and conducted to the
Docks, thereby avoiding much imposition, trouble, and
annoyance. Free Grants of Land obtained and Outfits pro-
vided. Through Tickets issued to all the chief Ports in Aus-
tralia and New Zealand, and the Towns and Cities of the
United States and Canada, also to Halifax and St. Johns.
Full particulars, tree of charge, upon application to
PEARCE and CO., First Floor, 100, Leadenhall-street, City,
London, or 43, Union-street, Liverpool.
Parzels and packages collected, shipped, and invoiced.

NEUSTADT CHARCOAL IRON WORKS
COMPANY (Limited).
Capital £230,000, in 11,500 Shares of £2O each. Deposit on
application 10s. per Share, and £1 10s. on Allotment. The
calls not to exceed £5 per share during the first three months.
and no turther calls to be made payable at shorter intervals
than Three Months. In the event of no Allotment being
made, all Deposits to be returned in full.
The Company will be formed under the English law of
Limited Liabilify.
The Articles of Association will secure to the English
Shareholders the right to elect two-thirds of the Directors of
the Company durinl the first seven years.
The amount expended in these works exceeds £340,000.
The purchase-money, to be paid by instalments. is £160,030 ;
and this amount, with £40,000 for gradual extension of the
works and working capital, will, it is estimated, be sufficient
to carry on the undertaking profitably.
Total present Capital required .£201,000
Of which a Mortgage may remain at 5 per cent. of.. 50,000
Leaving Net Capital to be raised ......b.....een .... ...£151,000000
Upwards of 4,000 Shares have already taken,
. 80
...,
.............
amounting to ...........•-•••• ....
Leaving 3,500 Shares now to be taken, amounting
to £70,000
DIRECTORS. CTORS.
Charles Buck. Esq. (R. Buck and Co.), 1, Crosby-square.
Theodore Erich, Esq., (F. Steigerwald), 77, New ate-street,
London. a•-.d Munich.
heepbridge Iron Works, near Ches
William Fowler, Esq., S.
terfield.
iled!ey, Esq., her Majesty's Inspector of Works, Derby
John
Adolph Knapp, Esq. (Loeder, Knapp, and Co.), 1, New Broad
street.
Edward Nehse. EFq., Neustadt
Charles Phelps, Esq., 3, Rood-lane.
James Taylor, Esq. (James Taylor and Co.), 13, Fenehurch
buildings,

SOLICITORS.
Messre. Hargrove, Fow:er, and Blunt, 3, Victoria-street,
Westminster.
BANKERS. •
The Consolidated Bank, 4. Lombard-street, London,
and Manchester.
AUDITORS.
Messrs. Chadwick, Waltord, and Adamson, 27, Great George
street, Westminster, and 75, King-street, Manchester.
Temporary Offices-27, Birchin-lane.

This Company is established for
at purchasing and woonr k
tl nhge
the celebrated Iron Works, situate Neustadt,
Hanover and Bremen R-ilway.
These Important works, well knowninGeirmn
laBnsy6-fa, r
atthae
production of Charcoal Iron, were established
cost ex ceding
£340,000.
According to a report by John Hedley, Esq., of Derby, one
of H.M.'s Inspectors of Mines (which report may be seen t
the Office), the works consist of two blast furnaces— a foundry
containing cupola and arrangements for a large casting busi-
ness—a forge—bar and plate mills with eight pairs of rolls—
shears —lathes, &c., capable, with slight additions, of turning
out annually 5,000 tons of boiler plates, and 3,000 tonspower—
of bars,
he whole of the machinery worked by steam tone her with ample storehouses, workshops, and offices, and
cottages for twe sty-five families.
The buildings are of a more substantial kind than is usual
for such purposes in England, and the machinery, which is
constructed with all recent improvements, is in excellent
condition, having been used for a short time only.
The deposit of iron ore belonging to the works is practi-
cally inexhaustible; it is of very pure quality, of the s ime
composition as the clay band of the coal measures, and con-
tains from forty-two t forty-four percent. of iron according
to the analysis of Dr. Percy, of the Government School of
Mines in London. As this masa of ore lies open to the day
it is worked without the expense of sinking shafts, pump-
ing &c.
The fuel employed being half wood charcoal and half peat,
entirely free from sulphur and phosph rus, plates and all
other descriptions of the finest quality are manufactured.
The extensive forests in the neighbourhood, and an inex-
haustible deposit of peat from 20 to 30 feet in thickness—
which is prepared at the works—supply the requisite fuel at
a cheap rate.
Coke is supplied by neighbouring collieries, of a quality
equal to the best North of England coke, with which superior
Iron for casting purposes can be made, and for which there is
an extens ve demand throughout Germany, at a price which
will leave a large profi'.
The Iron made at these works is adapted for the manufac-
ture of first-class plates, bars, tyres, and steel ; and from the
tenacious and ductile character of some of the mixtures, supe-
rior armour plates for hips can be manufactured.
For the csnvevanc,e of fuel ,nd products of the works the
property includes eight miles of railway, three feet gauge,
besides two and three quarter miles of main line, branch and
sidings connecting the works w•th the Hanover and Bremen
line, and thus with all parts of Germany.
The works are erected upon about fifty acres (65 Morgen'
of freehold land, and there is also a copyhold farm of 172
Morgen (about 130 acres) on which the Iron ore is worked
under concession, comprising also a farm house and home-
stead for the tenant.
Six hundred and fifty tons of Puddle Iron and about
twenty milt on pieces of dried peat remain upon the property,
and will be included in the purchase.
In consequence of the excessive outlay made by the Com-
pany who established the works, together with the mercan-
tile depression at that period, financial difficulties brought
them to a stand. The whole is now offered at a very low
price of £leo,ooo—being less than half the original cost.
The Company, now purchasing the Works, may at once
commence business, avoiding the delays necessarily attendant
on the first erection of works of such magnitude, and there-
fore with a prospect of an early dividend.
An experienced resident Manager will be sent from Eng-
land.
Upon this total capital of £230,000, with the extensions
proposed, Mr. Hedley, after carefully estimating the cost of
production, and on the supposition that the present high
protective duties of the Zollverein on foreign iron are repealed
(which is not expected for years to come) shows a clear profit
of upwards of 20 per cent. With the first issue of 7,500 shares,
representing a capital of £150,000, the works can be started to
produce 1,200 tons of bars, and 4,500 tons of plates annually ;
and after paying interest at the rate of 5 per cent on the
mortgage of £50,000, a dividend of 11 per cent. may be realised.
There is also a considerable item of profit in re-rolling rails
of the Gsrman and Austrian railways, which at present are
sent to the Westphalian Iron Works, w.th a carriage of 303
miles beyond Neustadt.
The additional furnaces for manufacturing coke iron, re-
commended by Mr. Hedley, and for which the unissued shares
will be called, will be postponed for the present.
The prospective reduction in the cost of ore to ss. per ton;
when the line from Ringleheim to Hildesheim is constructed,
and the mixture of coke iron, will add about £6,000 annually
to the profits.
Prospectuses and forms of application may be had at the
Temporary Offices, and of the Brokers, Solicitors, and Bankers
of the Company.