The Sun.
London, England, 1863-06-24 00:00:00

NNORTH BRITISH AND MERCANTILE
I.IISURANCE COMPANY.

Established 1809.
Incorporated by Royal Charter and Special Acts of
Parliament.
ecumulated and Invested Funds
4%llnual Revenue.... 422,401
FIRE DEPARTMENT.

Insuran -es errante both at Home and in Foreign Countries
on the most liberal terms.
LIFE DEPARTMENT.
Every facility offered to Insurers.
Rincty per Cent. of the Profits divided among the Insurers
on the particip sting principle.
The new Life business 'ransacted in 1862 as follows :
Policies. Amcmit Inured. Premiums.
1,037 £763,334 £23.611 0 0
Forms of Proposal and every infor ration will be furnished
(1 application at the
toNboN..

OFFICES :
58, Threadneedle-street.
4, New Bank Buildings. Lotlibury
West-end Office B, Waterloo-place, Pall-mall.

GREAT CADER IDRIS LEAD.
COPPER, IRON MINING, and SLATE COMPANY
(Limited).
This Company being completely registered under the Joint-
Steak Companies' Act, 1862, with Limited Liability, no
Shareholder can, under any circumstances, be made re-
sponsible for a greater amount than the shares tor which
he subscribes.
Capital .£40,00?, in 40,000 Shares of £1 each.
Deposit, ss. per share on application, and ss. per share on
allotment.

DIRECTORS.
Col:Abbott, 150, Leadenhall-street, and Upper Spring-street,
Portman-square.
William Ancrum, Esq. (formerly HAIL Consul at Tunis),
Penge, Surrey. •
E•
J. Bridell, Esq. (Director of the St. David's Mining Com-
Pa 34, Beaumont-street, Portland-p ace.
-L,"'• J. Cole, Esq., 76, Gowrr-street, Bedfora-square.
Edwards Richards, Esq., Knightsbridge, and Westbourne,
Erusworth. Sussex.
James Young. Esq., 19, Great George-street, Westminster.
With power to add to their number.
BANKERS.
Messrs. Roberts, Lubbock, and Co., Lombard-stree.
SOLICITOR.
G. R. pc4l4/44.X.1ik-terelta;Nedifffeitff- gtreettot:'

AUDITORS,
Will be appointed by the Shareholders.
SECRETARY (pro tem.)—Messrs. Letch and Maguire.
Temporary Offices—No. 1, Coleman-street-buildings, Moor-

gate.-street, E. C.

This Comp'ny is formed for the purpose of purchasing an
extensive and valuable grant of Lead, Copper, Iron Ore, and
Slate, on 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.

intersects several lodes of Silver-lead, or
Galena. _ _

AeOpper 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 ereat advantage.
The Silver-lead, proved by assay, has yitlded 40 ounces of
silver to the ton of ore.
Lead and Copper from a shaft at the end of the adit have
reali,ed £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 workmgr,
Scouring, and cutting the slate. In fact, 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 yieldingreturns equal to those
Of the most profitable mines in the Principality.
The property being advantageously situated about half a
/rule from the Welsh Coast Railway, from which a siding can
be constructed at moderate cost, and only 2i miles by public
road from the shipping port of Barmonth, affords a facility
of transit which greatly enhances its value.
With these a ,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-
sult* 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 100 acres of mineral ground—the previous out-
-la Y—mining buildings, smith's shop, offices, dre.sing floors,
bucking house, &c., immediate operations can therefore be
Commenced when, in the judgment of the Directors, sufficient
Capital is subscribed.
Samples of the different ores taken from the mine, reports,
Prospectuses, and forms of application for shares, may e
obtained at the Temporary Offices of the Company ; and the
be paid on application will be returned if no allotment
u 0 made to the applicant.