The Sun.
London, England, 1823-12-09 00:00:00

MEXICAN MINES.

new employment for capital was yesterday
proposed to the Public by the formation of a
Company for working the Mexican Mines, in
which the union of interest between the natives
of that country and Europe is accomplished,
with a view to render productive those exten-
sive sources of national and individual wealth,
the Gold and Silver Mines of Mexico.—The
following are the principal articles and condi-
tions :

•
The Company is in the joint names of the managing
founders, at the head of whom is Mr. Alaman, proprietor of
gold and silver mines, and Minister of State of the Interior
and Foreign Affairs in Mexico ; but it is a joint-stock Com-
Parq, on shares to bearer, with respect to the shore-holders.
'I he term of the Company is fixed for fifty years, and the
joint-stock capital at one million two hundred thousand Mexi-
can dollars, divided into 6,000 shares of 200 dollars each for
Mexico, 401. sterling for England.
The interest on the capital is fixed at five per cent. per an-
num, payable half yearly, by the respective agents, on the first
of Marcia and first of September. The dividends, being the
division of the yearly profits, arc to be declared and paid in the
month of December, and the first payment
fill take place in
December, 11124.
The shares are printed in the Spanish, English, and French
languages, with yearly dividend warrants, anti half-yearly
interest warrants, attached thereto.
The payment of the shares in London is to be made into the
hands of Messrs. Hullett Brothers and Co., viz. one-third down,
against provisional receipts, to be exchanged upon the payment
of the remaining two-thirds, on or before the 15th of January
next, against the shares.
• A reserved fund shall be made, from the profits of the Com-
pany, to secure the payment of interest on the shares—to pro.
vide for unforeseen works and contingencies—and to form a
fund for the repayment of the capital of the Company at the
time of its final liquidation. This reserved fund is to be raised
by retaining 10 per cent. out of the yearly profits of the share-
holders.
The manging founders, as a greater security for their good
administration, shall pay 20 per cent. on their shares of the
Profits, until a capital is completed equal to that of the
Company.
Both these funds shall be invested in public securities, in
-K.Ogland and France, in proportion to the respective number
or shares held in each country.
A Committee, composed of share-holders, and two Deputies
(1. Counsellors of the Supreme Council of Mines in Mexico,
sun be formed there, to assist the managers, audit the ac-
counts, and give its advice on the affairs of the Company ;
P°Ter being reserved for the agents in England and France
each to appoint a delegate as a member of this Committee.
The books of the Company shall be kept by double. entry ;
1111 d. every year, a statement of the affairs of the Company
,
be transmitted to England and Franca, for the informs.
flop of the share-holders. Gold and silver, in bars and coin,
."'
be consigned to both countries, for the payment of the
respective interests and dividends.
At the expiration of the term of fifty years, the concerns of
the Company will be liquidated in the accustomed form, upon
4,
Plleral and final inventory, comprising all the assets which
nay then belong to it.