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

LONDON AND COUNTY BANKING
COMPANY.
NOTICE IS HEAREBY GIVEN, That a DIVIDEND on
the Capital took of the Company of 6 per cent., for the half-
year ending 30t:n June, 1863, will be PAIL) to the Proprietors,
either at the Bead t,ffice, 21, Lombard-street, or at any of the
Company's Branch Banks, cn and atter MONDAY, the 17th
inst. By order of the Boaid.
W. APKEW.AN, General Manager.
21, Lombard-street, August 6, 1863.

NEUSTADT CHARCOAL IRON WORKS
OANY .
Capital £230,000C, inM 1P1,500 Sharese of £d)2o each. Deposit nn
application los. per Share, and £1 10s. on Allotment. The
calls not to exceed £5 per share during the first three months,
and no further calls to be made payable at shorter intervals
than Three Aonths. 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 Liability.
The Articles of Association will secure to the English
Shareholders the right to elect two-thirds of the Directors of
the Company durinn the first seven years.
The amount expended in these works exceeds £340,000.
The purchase-money, to be paid by instalments, is £160,000 ;
and
this amount, with £lO,OOO for gradual extension of the
orks working' capital, will, it is estimated, be sufficient
to carry on the undertaking profitably.
Total present Capital required OO
Of which a Mortgage may remain at 5 per cent. 0f...£2 50,,000000
Leaving Net Capital to be raised Upwards of 4,000 Shang have already been taken, £150,000
amounting t 0............
80,000
Leaving 3,500 Shares now to be taken, amounting to £70,000
DIRECTORS.
Charles Buck, Esq. (R. Buck and Co.), 1, Crosby-square,
Theodore Erich, Esq., (F. Steigerwald), 77, Newgate-street,
London, and Munich.
William Fowler, Esq., Sheepbridge Iron Works, near Ches-
terfield.
John Hed.ey, Esq., her Majesty's Inspector of Works, Derby.
Adolph Knapp, Esq. (Loeder, Knapp, and Co.), 1, New Broad-
street.
Edwat d Nehse, Esq., Neustadt
Charles Phelps, Esq., 3, Rood-lane.
James Taylor, Esq. (James Taylor and Co.), 13, Fenchnrch-
buildings.

SOLICITORS.
Messrs. Hargrove, Fu,',./ler, and Blunt, 3, Victoria-street,
Westminster.

BANKERS.
The Consolidated Bank, 4, Lombard-street, London,
and Manchester.

Messrs. ArDITORS.
Chadwc.ek, Walford, and Adamson, 27, Great George
street, Wee k,
and 75, King-street, Manchester.
"temporary Offices-27, Birchin-lane.

This Cempany is established for purchasing and working_
the celeorated Iron Works, situate at Neustadt, on the
Hanov'er and Bremen lt,ilwaY.
These important works, well known in Germany for the
production of' Charcoal Iron, were established in 1856-58, at it
cost ex, ceding £310,000.
A.ceording to a report by John Hedley, Esq., of Derby, one
of ll.M.'s Inspectors of Mines (which report may be seen at
the Office), the works consist of two blast furnaces— a foundry
containing•cue--pola and arrangements for a large casting busi-
ness—a forgbar and plate mills with eight pairs of rolls—
shears— lathes, Ste., capable, with slight additions, of turning
out annually 5,000 tons of boilerplates, and 3,000 tons of bars,
the whole of the machinery worked by steam power—
togethr with ample storehouses, workshops, and offices, and
cottages for wtyfive families.
The buildings ire of a more substantial kind than is usual
for
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 is forty-four percent, of iron according
to the analysis of Dr. Percy, of the Government School of
Mines in London. As this mass of ore lies open to the day
it is worked without the expense of sinking shafts, pump-
ing, ase.
The fuel employed being half wood charcoal and half peat,
entirely free Alloyed
sulphur and phosphorus, plates and all
Nea
huaible
other descriptSons of the finest quality are manufactured.
Whe exten'iTe fog este in the neighbourhood, and an inex-
,ieposit of peat from 20 to 30 feet in thickness—
,'" it prepared at the works—supply the requisite fuel at
a et,"°P-P rate.‘-Cike
tqUtti to alloplied by neighbouring collieries, of a quality
Iron to the best North of England coke, with which superior
an exi.Lc_asting purposes can be made, and for which there is
will se-Z1,',3 ve demand throughout Germany, at a price which
The
ire_a large profis
ture of fir7t.,usde at these works is adapted for the manufac-
tenacious aneclass plates bars, tyres, and steel ; and from the
rior arm ductile character of some of the mixtures, supe-
ur Plates tor pc be manufactured.
For the c, v ,
property
besides two and thseight
I,4lLaance of fuel _nd products of the works the
miles of railway, three feet gauge,
arts of Germany.
sidings connecting te,f quarter miles of main line, branch and
linTeileanwdotrhosa;vetleact-pieworlsts With the Hanover and Bremen
Of freehold land, and th
Morgen (about 130 acrear
urn about fitty acres f 65 Morgen%
is also a copyhold farm ni 172
under concession, on which the Iron ore is worked
' ConaPriainit also a farm house and home-
Sixstead for the tenant.
hundredvaineedesficiftdry
irdnse of Puddle Iron and about
twenty mill on
Datvltat remain upon the property,
and will be included in the
tln consequence of the excessive soetl 7 made by the Com-
pany who established the works, tongetlie
he depression at that period, finannocwial_li
uuered at a very low
1 tlableo:sse:can
fficulties brought
them to a stond. The whole is
If o,ooo—being less thsn halt
the FinTitoh
y now purchasing the Worts.
ne,s, avoiding the de,ays i,„_---, may at once
commence bus
pririelleieofC4ompan ,
f works of sUsli --"arliy attendant
triftzets,,
ect of an early dividend—de, and thLre-
fore with a pro.p
d resident Mants-er will b
on the first erection o
An experience
be sent from Eng.
Ital of £230,000, With the
land.
alter carefully estimati extensions
n 1 eCya,Pestimating the cost of
proposed, , .
01,th
_t.he first issue of 7,500 shar a,
e 7ollverein on foreign iron are sn- high
peal srUodploinsiothn‘i,israntoiditeaodl the supposition that the press t
rs to come) shows a Cif: ep ed
f'or Yea
.ar profit
(Pwr Ihtiecht is en
clout teixespoefettend
000 the works can be started%
roefpurpews
eanrtdi
ns
gofa2gappitacieentti.ls
t at the rate of 5 per cent on the
produce 1,200 tons of bars, and 4,500 tons of Plates annually ; and after paying int res.
of profit in re-rolling rails
There is also a considerable item
ways,
which at present are
mortg,age of £50,000, a dividend of 11 per cent. may be realised.
of the G. rman and Austrian rsittorka,
w.th a carriage of 300
sent to the Westphalian Iron W
miles beyond Neustadt
r
The additional furnaces for manufacturing coke iron,
fore-
commended by Mr. Hedley, and which the unissued shares
will be called, will be postponed for the present.
esheirn tructed,
when the line from Ringleheim to Hild
The prospective reduction in the cost of ore tis conso ss. per ton,
and the mixture of coke iron, will add about £6,000 annually
to the profits.
Prospectuses and forms of application a , Bankers
Tesaporary Offices, and of the Brokers, Solicitors, and may be had at the
Of the eQuiv„T.