The Sun.
London, England, 1836-05-26 00:00:00

THE DURHAM COUNTY COAL
COMPANY.
Capital 500,000/., in 10,000 Shares of 501 each.
HONORARY DIRECTORS.
The Right Hon. the Earl of Tyrconnell, Kiplin Park.
John Bowes, Esq., M.P., Streatlam Castle.
William Hutt, Esq., Gibside.
Warren Maude, Esq., Greenbauk, Darlington.
Gerard Salvin, Esq., Croxdale.
DIRECTORS.
John Blanket, E:q , London. E. M. Noble, Esq., London.
Captain J. K. Forbes, ditto. Jahn Prince, Esq., ditto.
William Faith, Esq., ditto. .1. S. Stokes, Esq., ditto.
H. G. Key, Esq., ditto. Chas. Barrett, Esq. Darlington.
Joshua Milne, Esq., ditto. John Barr, Esq., ditto.
William Morrice, sq., ditto.
With power to add to their number.
TAXA SU Rita—John Labouchere, Esq., London.
SOLICITORS.
Messrs. Stokes, Hollingsworth, and Tyerman, London.
Thomas Whelon, Esq., Barnard Castle.
George Allison, Esq., Darlington.
BANKERS.

Messrs. Williams, Deacon and Co., London.
The Darlington District Banking Company, Darlington.
Szcarraar—William Bedford, Esq.
PROSPECTUS.
At a time when the capital of the country has been so liberally
applied, through the medium of Joint-stock Companies in promot-
ing objects of great public interest and national utility, it is singu-
lar that no such measure has yet been adopted for supplying, under
more favourable circumstances than at present exist, an article of
such general and important use as coal. The vastly increased con-
sumption which of late years has taken place in large towns lying
out of the coal districts, and more especially in the metropolis,
renders it an object of the first importance that these places should
have the advantage of bein; steadily supplied not only with a suffi-
cient quantity, but that also of the best quality, and under the
most favourable circumstances.
It is a well ascertained fact that many of the coal mines in Nor-
thumberland, upon which the public have been hitherto mainly de-
pendent, are now nearly exhausted, at least so far as regards their
capability of supplying the better description of coals, and it there-
fore becomes important that consumers should not be reduced to
the necessity of deriving their supply from that or any other quarter,
where inferior coal is only to be had when ample resources are in
existence for providing an efficient supply with greater advantage.
In the Southern Division of the county of Durham; in particular,
extensive fields of coal of the very best description are found to
exist, which as yet have been but partially worked; but it has now
been determined to conduct several of these upon a system of more
extended operation, and this determination is likely to be much
aided by the recently established and newly projected lines of Rail-
way which will facilitate the communication between these collieries
aid the present shipping ports of the Tees.
In order to secure the full effect of these advantages, and under
the conviction that they will be best secured by a combination of
energy and the employment of capital on an extended scale, it has
been determined to establish " The Durham County Coal Corn-
pan T."
'1 hat several of the collieries now in the hands of private indivi-
duals are realizing very large annual profits on the invested capital
is beyond question, and when the immensely increased and increas-
ing consumption of coal not only in London but in the various other
parts of this country which are dependent for their supply upon the
collieries in the North, and also the growing demand in ,Continen-
tal ports, are considered, there appears no reason to doubt that
these liberal profits will continue to be maintained.
A sufficient number of Shares having already been subscribed for,
the Provisional Committee of the Company have purchased seve-
ral valuabl sand extensive Collieries, which are now in successful
operation, and the produce of which maintain a first-rate character
in the London Market. They have also purchased two other Col-
lieries now in progress of completion, which, in the course of a
few months will be capable of producing for shipment, a large
quantity of the best Wall's End Coals.
The Directors have corcluded all the necessary preliminaries
for the formation of the Company, and for actively working the
Collieries. •
For the present it is the intention of the Directors to confine
the operations of the Company to the county of Durham, as con-
taining the meat valuable description of Coal, and the vending of
which will produce the greatest return of profit to the Shareholders.
The property will be held by Trustees for the Company, and all
requisite arrangements made for the security of the Shareholders.
The Collieries will be under the superintendence of a Manager,
Engineer, and 'Viewer, all of high character and experience. The
first instalment of 5/. per Share is payable immediately on allot-
ment. The remaining payments will not be called for earlier than
at the intervals of three months, and each payment will not exceed
5/. per Share.
Applications for the remaining shares to be made to the Solici-
tors of the Company, or to the Secretary, at the Company's Office,
32, Great Winchester-street, of whom prospectuses may be had,
and further particulars obtained.