The Sun.
London, England, 1838-04-26 00:00:00

POLONCEAU'S PATENT ELASTIC
BITUMEN COMPANY.
Capital 200,0001. in 10,000 Shares of 201. each.
Deposit 21. per Share.
DIRECTORS.

LONDON.

LIVERPOOL.

John Bagshaw, Esq. Joseph Christopher Ewart, Esq.
John Ellis, Esq., M.P. Joseph Hornby, Esq.
Edward Hurry, Esq. Charles Hersfall, Esq.
Robert Wm. Kennard, Esq. I William Smith, Esq.
Will. Gordon Thomson, Esq. Joseph Snaith Wooler, Esq.
BANKERS—Messrs. Denison, Heywood, Kennard, and Co. ; The
Bank of Liverpool.
SouciToßs—Messrs. Murray and Rymer, 59, Chancery-lane;

Messrs. Davenport and Collier, Lord-street.
The Composition of the Patent Elastic Bitumen is the discovery
of Monsieur Polonceau, Inspecteur Divisiennaire du Corps Royal
des Ponts et Chaussees, who, by his public Works on the Continent
(among which are the Pont do Carrousel at Paris, and the Roads of
the Col de Lautaret and the Simplon), has acquired a high reputa-
tion throughout Europe.
ii. iMonsieur Polonceau has succeeded in producing a Bituminous
Composition, which for cheapness, strength, and durability, far
exceeds any hitherto known ; and possesses this great advantage
over every other—the materials of which it is composed are all
found in England. So highly is the discovery estimated in
France, that the authorities in Paris have entered into contracts
with M. Polonceau for its application to the carriage-way of the
Boulevard des Capuchines, the Rue de la Paix, and other car-
riage-roads in that city, which he is now actively engaged in car-
rying into effect.

POlonceau's Elastic Bitumen is applicable to the construction of
carriage-roads and pavements, rooting of buildings, flooring of halls,
churches, stables, &c.

Being impervious to vermin and damp it can be used with ad-
vantage and economy in the construction of granaries, warehouses,
docks, drains, baths, &c.

To secure the exclusive benefit of this discovery to the proposed
Company, patents have been taken out for the United Kingdom,
which have been assigned over in trest for this Company.
The object of the Company will be to obtain the advantages
which, it is presumed, must arise from the exclusive use of so im-
portant a material in this country.
Application for Shares (post-paid) may be made in London to
Messrs. Murray and Rymer, 59, Chancery-lane; and in Liverpool
to Messrs. Davenport and Collier, Lord-street; and Mr. Joseph
King, Exchange-buildings, on or before the lst of May.

LLANVAIR CLYDOGAU SILVER-LEAD
MINING COMPANY.
Capital 60,0001., in 6,000 Shares of 101. each.
Deposit 2/. 10s. per Share.
BANKERS—Messrs. Glyn, Halifax, Mills, and Co. ; Messrs.
Smith, Payne, and Smith.
SOLICITORS—Messrs. Roy, Blunt, Duncan, and Johnston, Liver-
pool-street, City.
SECRETAET—Mr. Henry Solly.
PROVISIONAL COMMITTEE.
Henry Luard, Esq. J. L. Hood, Esq.
Thomas Jones, Esq. Thomas Hutton, Esq.
R. Beresford Fitzgibbon, Esq. H. C. Moreton Dyer, Esq.
The above Company has been formed for the purpose of more
effectually working and smelting the ores from the highly valuable
and productive silver-lead mines near Lampeter, in the county of
Cardigan, on the property of Lord Carrington, which are univer-
sally known and esteemed throughout Wales for their extraordinary
richness.

These mines, though formerly inefficiently worked, have never-
theless produced large profits ; they recently have undergone ex-
tensive improvements by the present lessee, who has expended a
considerable sum in sinking a new shaft, erecting a new and power-
ful water-wheel, together with every necessary building calculated
for a work of importance. There is a never-failing stream that
will be applied to work the wheel, drain the mines, crush and stamp
the ore, and draw it to the surface, so that none of the capital of
the Company will be absorbed in steam engines and machinery, at
immense cost, usually the case in works of this description. Many
other advantages might be fairly set forth, such as contiguity to an
excellent shipping port, cheapness of provision, and consequently
labour, details more fitting for verbal explanation than public ad-
vertisement.
It is not necessary to enlarge upon the acknowledged reputation
of these mines, and their richness in silver (vide Topographical
Histories of Wales.); suffice it to say, that samples previously to
the present tenancy were tested in 1 536 by Mr. Johnson, the cele-
brated assayist, and were found to contain 84 ounces of pure silver
to the ton of ore ; subsequently, on the 24th of February, 1838,
specimens were again sent to him, which yielded 87 ounces to the
ton.
_ _

„„...
The ores from these mines, owing to the large proportion of
silver they contain, have always a ready sale (with scarcely any
fluctuation in price), at from 271. to 301. per ton ; whilst the pro-
duce of other mines containing none of that precious metal sells for
only 11/. to 121. a ton, and even at that price they are carried on
at a profit. The extraordinary advantages that this investment
presents must be obvious, the more especially as the Llanvair
Mines have been already worked, the quality of the ores proved
and reduced to a certainty, thereby divesting the present undertak-
ing from any apprehension of the risk usually attendant on mining
speculations.
A careful survey and elaborate report have been made by sir.
W. W. Bailey, the well-known mining engineer, by which it will
be seen that 8,0001. per annum is the calculation of the net profits
from the old veins alone, while there is every prospect of propor-
tionate returns from the veins lately opened in diferent parts of the
estate.

Application for Shares may be addressed, post paid, to Mr.
Henry Solly, Secretary, 5, Jeffries-square, City, London.
' Extract from Lewis's Topographical Dictionary, under the
head Llanvair Clydogau :—" A valuable mine of lead ore, contain-
ing a considerable quantity of silver, has been worked here for the
last twenty years with considerable success. Each ton of ore con-
tains, upon an average, from 75 to 80 ounces of pure silver."
Extract from Meyrick's History of Cardiganshire, under the
head Llanvair Clydogau :—" The ore from these mines sold for
27/. per ton ; 12} cwt. of lead is procured from one ton of ore, and
from 60 to 80 ounces of silver from the same. It is said to be the
richest mine in the county."

DRESS COATS, cut in the first style of Fashion,
30s. ; superfine, 40s. to 50a. ; frock coats, silk facings,
' 3Sa. and 475. ; ditto, silk velvet sonar and silk facings, 60s. ; trou-
sers, Bs. 6d. to 12s. 6d. ; buckskin, cloth, and kerseymere, 15s.
to 251. ; fancy waistcoats, 6s. 6d. to 10s. 6d. ; rich silk ditto, sloth,
and kersymare, 7s. to 12s. 6d. ; Petersham great coats, 255. and
304. ; pilot coats, 161., 215., and 30s. ; cloth cloaks, 30s. to 50s. ;
milled cloth great *oats, 40s. ; shooting jackets, 18e. ; dressing-
gowns, 10s. 6d. ; boys' and youths' clothing, tunic dresses, 30s. to
40s. ; a suit of clothes for 21. 17s. ; superfine black 3/. Ss.
At FISHER and Co.'s, Tailors, 31, King William-streat, City,
ten doors from London-bridge.