The Sun.
London, England, 1863-08-07 00:00:00

PROFIT AND Loss ACCOUNT.

DR.
To Int(rest paid to customers £37,355 0 10
Expenses as above
Rebate on bills not due, carried to new
account 17,161 10 8
Reserve fund 15,000 0 0
Dividend of 6 per cent. for the half-year 35,978 18 4
Balance carried forward •• • 14,343 3 8

£186,869 19 7

Br Balance brought forward from last account £1,483 2 3
Gross profit tor the half-year, after making
Provision tor bad and doubtful debts .. 185,386 17 4

£186,86919 7
We, the undersigned, have examined the foregoing balance-
sheet, and have found the same to be correct.
(Signed) HENRY OVERTON,
It. H. SWAINE, Auditors.
JOHN WRIGHT,
London and County Bank, July 30, 18t3.

The forezoing Report having been read by the Secretary,
the following Resolutions were proposed and unanimously
adopted
1. That the Report be received and adopted, and printed
Tor the use of the Shareholders.
2. That £15,000 of the profit for the half-year ending 30th
June, 1863, be added to the Reserve Fund.
S. That the thanks of this Meeting be given to the Board
of Directors for the able manner in which they have conducted
the affairs of the Co:npany.
(Signed) W. CHAMPION JONES, Chairman.
The Chairman having quitted the chair, it was resolved,
and carried unanimously--
4. That the cordial thanks of this Meeting be presented to
William Champion Jones, Esq., for his able and eututeous
conduct in the chair,
(Signed) W. NICOL, Deputy-Chairman,
Extracted from the Minutes.
(Signed) F. CLAPPISON, Manager.

LONDON AND COUNTY BANKING
COM PANY.

NOTICE IS HEREBY GIVEN, That a DIVIDEND on
the Capital took of the Company of 6 per cent., for the half-
year ending 30th June, 1863, will be PAIL) to the Proprietors,
either at the Head Cffice, 21, Lombard-street, or at any of the
Company's Branch Banks, c n and atter MONDAY, the 17th
inst. By order of the Boaid.
W. M`KEWAN, General Manager.
21, Lombard-street, August 6, 1863.

NEUSTADT CHARCOAL IRON WORKS
COMPANY (Limited).
Capital £230,000, in 11,500 Shares of £2O eac.
Allotment DesitTohne
apolmation 10s. per Share, and £1 10s. on
calls not to exceed £5 per share during the first th
and ne turther calls to be made payable at shorter reeimntenrythalss.
than Three Months. In the event of no Allotment being
made, all Deposits to be returned in lull.
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 during the first seven years.
The amount expended in these works exceeds £310,000.
The purchase-money, to be paid by instalments, is £160,000 ;
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 ... • ..£200,000
Of which a Mortgage may remain at 5 per mat. of.. 50,000
Leaving* Net Capital to be raised £lso 000
. .
Upward ... ... -- ,s of 4,000 Shams have already been taken,
amounting to ......................... ........ ........ 80,000
Leaving 3,500 Shares now to be tr.acen,
amounting to £70,000
DIRECT:Om.
Charles Buck, Esq. (R. Buck P.,nd Co.), 1, Crosby-square.
Theodore Erich, Esq., (F. S.teigerwald), 77, Newgate-street,
William
London
F,
owle and
r Munich.
, R
terfleld. —"l', F.;lieepbridge Iron Works, near Ches-
John Hedley, Esq.,
:ter Majest's Inspector of Works, Derby.
Adolph Knapp,
h'.,q. (Loeder, Knapp, and Co.), 1, New Broad-
street.
Edwat d Nehse, Esq,, Neustadt
Charles PhellA, E.g., a, Rood-lane.
James
buildings, Taylor, Esq. (James Taylor and Co.), 13,
lrenchurch-

SOLICITORS.
lessrti, Hargrove, Foxyler, and Blunt, 3, Victoria-street,
Westminster.
BANKERS.
The Consolidated Bank, 4, Lombard-street, London,
and Manchester.
AUDITORS.
lltessrs. Chadwick, Walford, and Adamson, 27, Great George street, Westminster, and 75, King-street, Manchester.
Temporary Offices--2.7, Birchin-lane.

This Company is established for purchasing and working
the celebrated Iron Works, situate at Neustadt, on the
Hanover and Bremen R ilway.
These Important works, well known in Germany for the
production of Charcoal Iron, were established in 1856-58, at a
cost ex eed.ing £340 000.
°f 1114
According. to a report by John Hedley, Esq., of Derby, one
:h Inspectors
or of Mines (which report
acmay b a
e seen at
the Office), hewks consist of two blast furnes— foundry' containing cupola and arrangements for a large casting busi-
tieese —a forge—bar and pl4te mill., with eight pairs of tolls—
ars— lathes, tec., capable, with slight additions, of turning
9.1 t annually ,oro tons of boiler plates, and 3,000 tons of bars,
Pe whole of the machinery worked by steam power—
e2gether with ample storehouses, workshops, and offices, and
vettages for twe .ty-flue families.
.. The buildings re of a more substantial kind than is usual
tor 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 i
„ ,nexhaustible ; it is ot very pure quality, of the s ime
e‘-'ll,Plesition as the clay band oft he coal measures, and con-
.telus from forty-two to forty-four percent. of iron according
Mines ha of Dr. Percy. of the Government School of
—nes ha London. As this mass of ore lies open to the day
it is worked without the expense of sinking shafts, pump-
ing., sm.
The fuel employed being half wood charcoal and half peat,
fln,etirlY tree from sulphur and phosphorus, manufactured. and al
-weer descriptions of the finest quality are
lne extensive for in the nghbourhood and an ine austible deposit ofests peat from 2 eio
to 30 feet, in thicknessx-
-
'which
a cheap
rat
iS prepared at the works—supply the requisite fuel at
Coke i e.
equal t -6 suPplied by neighbouring collieries, of a quality
anleen for the best North of Enirland coke, with which superior
,xiieen.st
ee emutposes can be made, and for which ther is
will leleve el nand throughout Germany, at a price which
The Tree; 'l•lZe profit.
ture of ne,,,jiade at these works is adapted for the manufec-
tenacie,4 _ -class
stile character
tyres ad steelfrom the rior p. 41,017114 ductile chitracter of some of the mixtures, supe-
Pot the r Plates f
besides tweo'rianedeZ:ht::::•hips can be manufactured.
proney incindtance at fuel :nd products of the works the
sidline,ings
vvdc(oz ti
ii re e t:tisleost oGferrmaialenvya.y, three feet gauge,
quarter miles of main line, branch and
saWtre :rtehete:°rlee ve,th the Hanover and Bremen
of freehold land, Red acre
upon about fifty acres (65 Morgen)
Morgen (about no acre-7e 18 also a copyhold farm of 172
under concession, eenterasin Which the Iron ore is worked
stead for the tenant `" g also a farm house and home-
Six hundred and fitt 4-
etoutla
at remain upon the property,
t wenty mill' on pieces ~t 4rriaa
and will be included thehe of Puddle Iron and about
In consequence of ex4reglase.
pang who established the works, Y made by the Corn-
tile depression at that peri, fins ugether with the mercan-
price to a stand. The whole is anticial difficulties brought
of £lo,ooo—being less then ea°l7treered at a very low
The Company, now purchasing the mr9rtginal cost.
business, avoiding the commence
.delays 114:"I may at once
on the first erection of works of such ine ssarily attendant
fore with a p
roepect of an early dividend.gultude, and there-
An experienced resident M anager will be sent from Eng-
land.
Upon I his
' total capqal of 4230,000, with lis
'lr fled ey,
I after careful
---e extensions
y eatimati
proposed, e •
and on the supposition that th ng the cost of
Production,
ot the Zollyerein on forei showscese high protective duties
expected for years to come) aare repealed
(which is not expe
of upwards of 20 per
cent. With the first issue, et .751(7ar Profit
representing a capital 1:,
of £150,000, the works pen 4 shares,
f bars, and 4,500 tons of plates ailed to
produce 1,200 tons o ,
rest annually •
at the rate of 5 per cent on the•
and after paying' T
in
;dividend of 11 per cent. may be realised.
mortgage of £50,000,
There is also a considerable item of profit in re-rolling rails
of the G rman and Austrian railways, which at present are
,-
sent to the Westphalian Iron
Works, weth a carriage of 300
miles beyond Neustadt.
The additional furnaces for
manufacturing coke iron, re-
in
and for which the unissued shares
commended by Mr. Medley,
d for the present.
will be called, will be poste cued
cost of ore to ss. per ton
The proepe,etive reduction in theHildesheim is Constructed'
when the line from Ringleheim to
about £6,000 annually
and the mixture of coke iron, will add
to the protts.
may be had at the
Prospectuses and forms of applicationSolicitors, and Bankers
Temporary nffi
--ces, and of the Brokers,
of the Company,