The Sun.
London, England, 1863-08-05 00:00:00

According to a report by John Hedley, Esq., of Derby, one
of H.M.'s Inspectors of Mines (which report may be seen at
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 boilerplates, and 3,000 tons of bars,
the whole of the machinery worked by steam power--
together with ample storehouses, workshops, and offices, and
cottages for twe,ity-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 same
composition as the clay band of the coal measurea, and con-
tains from forty-two to forty-four per cent of ;ton according
to the analysis of Dr. Percy, of the Gover-moment School of
Mines in London. As this mass of ore Iles open to the day
iis without the expense of cinking shafts, pump-
worked The fuel employed being half wrJod charcoal and half peat,
entirely tree from sulphur ant:phosph rus, plates and all
other descriptions of the fl Wiest quality are manufactured.
The extensive forests in ',he neighbourhood, and an inex-
haustible deposit of pp'..t from 2u to 30 feet in thickness—
es cheap
which is
ra prepared at *.,ne works—supply the requisite fuel at
te.
Coke is supplied by neighbouring collieries, of a qualit equal to the best North of England coke, with which superiory Iron for casting purposes can be made, and for which there is
an extensive demand throughout Germany, at a price which
will leave a large profit.
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 cmavevance of fuel nd products of the works the
ronerty includes eight miles of railway, three feet gauge,
asides two and three quarter miles of main line, branch and
sidings connecting the works with the Hanover and Bremen
line, and thus wits all parts of Germany.
The works are erected upon about fifty acres (65 Morgeni
of freehold land, and there is also a copyhold farm of 172
Morgen (about 330 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 mill' 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 atedifficuis brought
them to a stand. The whole is now offered a very low
price of £l6o,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 £2301100, with the extensions
proposed, Mr. Iledley, after carefully estimating the cost of
Pprodu-tion, and on the supposition that the present high
rot 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 G•rrnan and Austrian railways, which at present are
sent to the Westphalian Iron Works, w.th 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, will be post ooned 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.

FORM OF APPLICATION FOR SHARES.
To the Directors of the Neustadt Chircoal Iron Company
Gentlemen,—Having (Limited).
aid to our
, being the deposit y
of los. peer share share onthe sum of
shares in the above Company, I hereby request that you will
allot me that number, and I hereby agree to accept such
shares, or any lesser number that may be allotted to me ; and
I further request that my name may be placed on the Register
of Shareholders for the shares so allotted.

sameinillll..
Residence ...
Profession or Business ..
Date

GUARDIAN FIRE AND LIFE ASSURANCE
COMPANY,
No. 11, Lombard-street,'London, E.C.
Established 1821.
Subscribed Capital, Two Millions.
DIRECTORS.
Sir MINTO FARQUHAR, Bart., M.P., Chairman.
CHARLES WILLIAM CURTIS, Esq., Deputy Chairman.
Henry Hulse Berens, Esq., John Labouchere, Esq.
Henry Bonham Outer, Esq. 'G. Shaw Lefevre, Esq.
Charles F. Devas, Esq. 'John Martin, Esq.
Francis Hart Dyke, Esq. I Rowland Mitchell, Esq.
Sir Walter R. Farquhar, Bart. ' James Morris, Esq.
James Goodson, Esq. ' Henry Norman, Esq.
Thomson Hankey, Esq., M.P ,Henry R. Reynolds, Esq.
John G. Hubbard, Esq., M.P. , Abraham J. Robarts, Esq.
Predk. H. Janson, Esq. Henry Vigne, Esq.

AUDITORS.
Lewis Loyd, Esq. I Henry Sykes Thornton, Esq.
Cornelius Paine, jun., Esq. I Noel Whiting, Esq.
T hos. Tallemach, Esq., Secretary I Saml. Brown, Esq., Actuary

LIFE DEPA RTMENT.—UNDER THE PROVISIONS or AN
ACT or PARLIAMENT, this Company now offers to new In-
firers EIGHTY PER CENT. of the Profits, at Quinquennial
Divisions, or a Low Rate of Premium without participation of
Profits.
Since the establishment of the Company in 1821, the
Amount of Profits allotted to the Assured has exceeded in
cash value £860,000, which represents equivalent Reversionary
Bonuses of £1,058,000.
After the Division of Profits at Christmas, 1859, the Life
Assurances in force, with existing Bonuses thereon,
amounted to upwards of £4,730,000, the Income from the Life
Branch £207,000 per annum, and the Life Assurance Fund,
Independent of the capital, exceeded £1,618,000.
LOCAL MILITIA and VOLUNTEER CORPS.—No
Extra Premium is required for service therein.
LOANS granted on Life Policies to the extent of their
values, if such value be not less than £5O.
ASSIGNMENTS OF POLICIES.—Written Notices of, re-
ceived and registered.

MEDICAL FEES paid by the Company, and no charge
or Policy Stamps.
FIRE DEPARTMENT.—lnsurances are effected upon
every descriplon of property at moderate rates.
Losses caused by Explosion of Gas are admitted by this
ompan
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IjNDO:tyASSURANCE
(Established Is
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7 A sLot
Offices.
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FIRE,
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AG;ToNurgenthleEFsi.rst)
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Sub-Governor.uoo3tl
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R7o°ehnbnerYrtilßraarirCnatbitil'o (I 0:: .
CTORS.
darklv i liaCurrie
Curriep ag!teil iiy. 8,
(lE. R q Earl of Leven and Melville.
avidso ' Ea4FI. .
The
Robinson,
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nor r .i. .nTiiozstgo,.en,ll lussn:nme:;t3ghEr.. Percy.:sEq..q
Thomas Dent, E snq ' •
r n e Schuster, Esq.
ill:hresii i r:ut.Laa:,:t.:_rl.li
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Esq.
1A71111'114 Pno,,liroeE sq.,
A lexander Deice, -kso
Fredk. Jos. Edlmann"Ean
Riversdale W. Grenfe'll, If'a Sa sq.p
Pobt. Amadens Heath, less '
Win. Tetlow Hibbert, 14,4 1101:lei
hrn Soltau, Esq.
Jas. Stewart Hodgson,
Medical Referee, SAM
4 ' a4ll:4WbUelende;l:eCrt ell:;
NOTICE.—PIie usual tifteen'dt
FIRE I,I;EMIL,MS falling
wyBMitehntthoifs
dueaYst
on 9th July.
FIRE and LIFE ASSURA.NCEs ma
Policies has averaged
r will expire
Corporation on advantageous terms.
In the Life Department, assurances are t 0.,„
par-
ticipation in Profits, or, at lower Premiu7;;;nied with
participation. ,without h
The Reversionary Bonus on British
nearly 2 per cent. per annum on the sum
Equivalent reductions have been made in assured,the p
Payable by persons who prelerred that form of Bonus.
The divisions of Profit take place every Five war:.
Any sum not exceeding £15,000 may he insured
on one Life.
This Corporation adbrds to the Assured—
Liberal participation in Profits—with exemption from
the liabilities of partnership.
A rate of Bonus equal to the average returns of Mutual
Societies—with the guarantee of a large invested Capital
Stock.
The advantages of modern practice,—with the security
of an Office whose resources have been tested by the e
perience of nearly a CENTURY AND A HALF.
The Corporation have always allowed the Assured to serve
in the Militia, Yeomanry, or Volunteer Corps within the
United Kingdom, free of h c arge.
ROYAL EXCHANGE, LONDON.
EOBT. P. STEELE, Secretary.