The Sun.
London, England, 1870-06-02 00:00:00

Mr. John Ball, the official liquidator of the Company.

The directors of the Electric and International Tele-
graph Comp Any, recommend a dividend for the half year,
at the rate of 7i per cent. per annum, making a total dis-
tribution for the seven months ended January 28th, of
12i per cent.

The report of the Anglo-Mediterranean Telegraph
Company, to be presented on the Bth inst., recommends a
dividend of 13s. per share, making, with previous pay-
ments, 12A per cent. per annum.

At a meeting of the Guardian Fire and Life Assurance
Company, a dividend of £2 10s. per share whs declared,
and an addition, by way of bonus, of £2 ss. was also made

to the shares of the company.
Messrs. J. Henry Schroder and Co. have announced the
half-yearly interest due, on the 15th June, on the bonds
of Matanzas and Sabanilla (Cuba) Railroad Seven per
Cent Loan for £300,000.

The prospectus of the South Cardigan Bay Silver Lead
Mining Company has been issued. It proposes to acquire
and vigorously work the property, situated South of the
Cardigan Bay Consols, and the reports of the engineers
who have examined the different lodes are highly encourag-
ing and satisfactory. Six veins have been opened on at
various points, all of them have been productive of ores
up to the very surface, and there are other circumstances
that give quite a certainty of profit to the adventurers.
Mr. George Henwood concludes his report on the mine
as follows :—" After giving all the circumstances of this
mine due consideration, I come to the conclusion that in
all my experience of 40 years I never saw a lead mine
in which so much has been discovered and effected
in so short a space of time (only three or four weeks).
Three lodes discovered and proved, either of which would
have constituted a mine, combined with the local advan-
tages I have mentioned, place the property in such a posi-
tion as few mines could ever obtain. In short, the first
thing you have to do is to commence raising ore from the
surface, and procure a powerful crusher with adequate
floors, when you may at once make return and sales of

ores—results which are usually not obtainable in
as many years as you may do in weeks." It is very
few mining companies that are enabled to com-
mence work under such favourable circumstances, and as
'the board of directors is composed of gentlemen of
known position, the actual management of the
works confided to Captain Richard Williams, and
the capital required only £40,000, in 8,000 £5 shares, a
most remunerative return may be certainly expected by
those who invest in the Cardigan silver lead mines. The
owners of the property showed their confidence in the
value of the mines by taking the whole of the purchase
money in paid up shares.

LONDON STOCK EXCHANGE-WEDNESDAY.

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