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

NEUSTADTOCIHAANRYC(LO.AiLted)IRON WORKS
Capital £230,000,C inn 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 further 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 Liability.
The Articles of Association will secure to the English
Shareholders the right to elect two-thirds of the Directors of
the Company durin,z, 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 ana working capital, will, it is estimated, be sufficient
to carry on the undertaking profitably.
Total present Capital required • 000
Of which a Mortgage may remain at 5 per cent. 0f,.£200 50,,000
Leaving T4tet Capital to be raised £151!,000
Upwards ot 4,000 Shares have already been taken,
amounting to
80,000
Leaving, 3,500 Shares now to be taken, amounting to £70,000
DIRECTORS.
harles 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 Hedley, Esq., her Majesty's Inspector of Works, Derby.
Adolph Knapp, Esq. (Loeder, Knapp, and Co.), 1, New Broad-
street.
dwai d Nehse, Esq., Neustadt
Charles Phelps, Esq., 3, Rood-lane.
James Taylor, Esq. (James Taylor and Co.), 13, Penchurch-
buildings.

SOLICITORS.
Messrs. Hargrove, Power, and Blunt, 3, Victoria-street,
Westminster.
BANKERS.
The Consolidated Bank, 4, Lombard-street, London,
and Manchester.
AUDITORS.
Messrs. Chadwick, Walfot d, and Adamson, 27, Great George-
street, Westminster, and 75, King-street, Manchester.

Temporary Offices-27, Birchin-lane.

This Company is established for purchasing and
on thedtworking
the celebrated Iron Works, situate at
. i
Hanover and Bremen ItAilwaY• •
Prod
Thuc of es
tion e impo
Charcoal Iron,
were established
Getnrmlassny6-fsBor,
at a the
oost exreeding £340,000.
According to a report by John Hedley, Esq.,
of H.M.'s Inspectors of Nines (which report m
seenoafyDbeerb o
at
the Office), the works consist of two blast furnaces— a. focrubnodoryt.
Offs cupola and arrangements for a large casting
o_
_s_
mess —tt forge---bar and plate mills with eight pairs of nll
a shears—lathes, &c., capable, with slight additions, of
_turning
out annually 5,000 tons of boiler plates, and 3,000
the whole of the machinery worked by steam power-7
tons of bars,
together witleample storehouses, workshops, and offices, and
cottages for tweoty-five families.
The buildings ,ire of a more substantial kind than is usual
tor such purposes in England, and the machinery, which is
for
with all recent improvements, is in excellent
condition, having been used for a short time only.
The deposit of Iron ore belong 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 meassand con-
tains from forty-two to forty-four per cent. of iron' abcording
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, ism •
The fuel employed being half wood charcoal and half peat,
entirely free from sulphur and phosphorus, 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
Theave a large profit.
tune Iron made at these works is adapted for the manufat-
rehett
if first-olass plates, bars, tyres, and steel ; and from the
ri c ous and ductile character of some of the mixtures, supe-
tr them. Plates fore hips can be manufactured.
property tennimeyeance of fuel . nd products of the works the
besides tw eud eight miles of railway, three feet gauge,
o and three quartermiles of main line, branch and
siding, enunecting t_he warts of the Hanover and Bremen
line, and thus witn li parts of Germany.
The works are earnecitdon abeut fittV acres -(65
of freehold land, e
i of 172
MOrgen (about 130 '
aor here is also a copyhold apsliworked
under concession, coin es) on which the iron I Horken%
stead for the tenant. Prising also a farm house and home-
Six hundred and fittv tons of Puddle Iron and about
twenty mill'on pieces , f a
the
and will be included in .hr:ed peatremain upon In consequence oft het purchase.
made the Com-
pany who established the work property,
ve outlay
Period , together with the mercan-
tile depression at that
difficulties brought
them to a stand. The tehole is
. price of Z 1130,00--being ten than hall the original cost.
,financial
noo ffe re d at a very low
The Company, now purehatang. the Werke, 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 Slanager will be sent from Eng-
land.
' Upon this total capital of £230,e00, With the extensions
proposed, Mr. Hedley, alter carefully estimating the cost of
produltion, and on the
osuppottitionf that the present high
protective duties of the Z llvereinoonooreir iron are repealed
(which is not expected for years
cleartth:fimrset)ishmowsta7s ofit
of upwards of 20 per cent. Wi ,
representing a capital of £150,000 the works ecaon be startedsare
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;
Land 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 German and Austrian railways, which at present are
sent to the Westphalian Iron Works, with a carriage of 300
miles beyond Neustadt.
The additional furnaces for manufacturing coke iron, re-
commended by Mr. Hedley, and for which the unissued shares
will be called, wilt be postponed for the present.
The PreoPeztive reduction in the cost of ore to ss. per ton,
when tile line from Ringlebeim to Hildesheim is constructed,
and the mixture of coke iron, will add about £6,000 annually
to the profits.
l're3Pectuses and forms of application may be had at the
• TesiPcrarY Offices and of the Brokers, Solicitors, and Bankers
of the Company. '