The Sun.
London, England, 1851-02-01 00:00:00

LONDON, SATURDAY

ADVERTISEMENT DUTY.

INTERVIEM WITH THE CHANCELLOR OF
THE EXCHEQUER.

At two o'clock yesterday a number of gentlemen
interested in the repeal of the advertisement duty
had an interview, by appointment, with the Chan-
cellor of the Exchequer, at the Right Hon. Gentle-
man's official residence in Ibwning- street.
The deputation was composed of the Hon. C. P.
Villiers, M.P.; Sir James Duke, M.P.; Mr. Ewart,
M.P. ; Mr. Murdo Young, of The Sun newspaper ;
Mr. Hunt, of the Daily News; Mr. Grant, of the
Morning Advertiser; Mr. Spicer, of the Patriot;
Mr. Francis, of the Athenaeum; Mr. Ingram, of the
Illustrated London News; and Mr. Pratt, of the
British Banner. •
The thuncellor of the Exchequer received the de-
putation with the greatest affability, and evinced
throughout the interview much good humour.
Mr. EWART, M.P., addressing the Chancellor of
the Exchequer, said, that in the course of the last
session of Parliament he had pointed out, in his place
in the House of Commons, the injurious operation of
the advertisement duty ; and he could say of his own
knowledge that a great many petitions fur its repeal
had been presented from all parts of the country,
especially from the representatives of the provincial
press. The matter was, however, so familiar to the
mind of the Chancellor that it was almost unnecessary
for him (Mr. Ewart) to point out the results of this
particular tax. He might say, however, that its
abolition might be advocated, first, in respect to its
necessity, and next on the ground of its general
benefit to all classes, which would be very great in-
deed. There was scarcely any portion of the com-
munity, indeed, which the tax did not affect. Then
with respect to foreign countries, and particularly
America, he might advert to the benefits resulting
from the non-existence of such a tax there. A gen-
tleman present held an American newspaper in his
hand, which would show to what an amazing extent
the community there availed themselves of advertising,
where there was no duty payable.
Mr. GRANT, of the Morning Advertiser, here pro

duced and handed to the Chancellor copies of the
New York Journal of Commerce and the New York
Courier, each containing a vast number of advertise-
ments beyond anything of the kind seen in an English
newspaper—upwards of 2,000 in each !

Mr. EWART continued to say that any person who
saw an American newspaper, and compared it with an
English one, would be struck with the great differ-
ence in respect of the number of advertisements.
The CHANCELLOR of the EXCHEQUER (looking over

the American newspapers)—lt makes a Chancellor
of the Exchequer's lips water to look at a sight like
this.—(Laughter.)

Mr. EWAIT also submitted that the advertisement
duty was a tax on commerce. It was on that ground
that Sir Robert Peel proposed to take off the auction
duty. The same principle applied to the advertise-
ment duty as to the auction duty, but with much
stronger force. Under all the circumstances, on the
commercial bearings of the question and on the
smallness of the duty, • the deputation rested
their hopes that something would be done by
the Right Honourable Gentleman, the Chancellor
the Exchequer, to abolish or mitigate the tax on ad-
vertisements. The deputation had certainly to some
extent been leagued with the paper duty and the stamp
duty, but, at the same time, the advertisement duty
presented claims for its abolition on grounds peculiar to
tself, in that it affected the general body of the com-
munity much more than the other two. He might add
his belief that in France there was no advertisement
duty, and there the same beneficial results arose in the
way of freedom of communication between the people
as in America.

The CHANCELLOR, of the EXCHEQUER said he
really thought it right and proper that the deputation
should come and put him in mind of those things,
and he would give them his best consideration

but he must say that in the course of this week and

next he expected to receive deputations from per-
sons complaining of the pressure of taxes of all kinds.
laugh.) When he had heard all the statements
that the deputations had to address to him, he would
make up his mind.

Mr. MURDO YOUNG begged to remind the
Right Hon. Gentleman, that the deputation were
only asking for the remission of a tax which yielded

acomparativey small portion of the general revenue

of the country, whilst the benefits resulting from its
abolition would be general and incalculably great.
Personally he (Mr. Young) was interested in the

abolition of the paper duty ; but, on public grounds,
he should very much more wish to see the window

duty and the advertisement duty abolished.
Mr. GRANT said the advertisement duty pressed
with peculiar hardship on the class of domestic ser-

vents, in that it operated to prevent them getting
situations. Numbers of them, not being able to lay

out 35., 44., or ss. in an advertisement, were obliged
to lie for weeks together out of situations; whereas, if
the advertisement duty were abolished, they would be

enabled to advertise their wants at so much the less

Mr. Muuno YOUNG also submitted to the Right
Hon. Gentleman, that if the duty were taken off

advertising would become a fashion instead of a ne-
cessity. People would advertise three or four times
where now they only advertised once.
The CHANCELLOR of the EXCHEQUER nodded
assent.

Mr. GRANT was of opinion that the remission of
he duty on advertisements would load to an increased

consumption of exciseable articles, inasmuch as
people would advertise, and that much more

'requently than at present, things on which, duty

was chargeable.

Mr. INGRAM said that the farming class would also
be benefited ; for at present many people went a
great distance to market to buy articles which their
next door neighbours had to dispose of, if they had
known it.

Mr. PitATT submitted there was a necessity of ex-
:ending the advertisement duty, unless it was repealed

altogether, so as to include advertisements in railway
carriages, omnibuses, and Cabs, and on alvertising
vans. By having recourse to such means of publicity
there were people who daily reaped large sums of

money without paying one farthing of advertisement
duty.

Mr. M. YOUNG said, in confirmation of Mr Pratt's
remark, that the very cab in which he (Mr. Young)
had come to attend the interview, contained inside
two such advertisements staring him in the face.

Mr. SPICER submitted that if the duty on ad-
vertisements were to be reduced to sixpence the
revenue of the country would not sustain any loss
from the modification, looking to the much greater
number of persons who would advertise their wants
and their wares.

ENGLAND.

Mr. M. YOUNG thought that a mere reduction of
the duty, without its total repeal, would be impolitic,
seeing that the cost of collection would remain.

Mr. EWART was of the same opinion as Mr. Young.
It was a principle of Sir Robert Peel to repeal a duty
altogether in preference to reducing it.

Mr. FRANCIS begged to submit to the Right Hon.
Gentleman a very curious fact, showing the way in
which the ends of advertising were attained, and the
duty at the same time evaddd. The proprietors of the
Panorama of the Nile had erected on the top of
their building some machinery for the purpose
of starting balloons. An apparatus was connected
with those balloons to which were attached large
numbers of tickets for admission to the panorama ;
and as the balloons rose in the air, they dropped those
tickets in all directions. (Great laughter, the
Chancellor of the Exchequer joining most heartily.)
Persons finding those tickets, on writing the
name of the place where they were picked
up on the hack of them, were entitled to be ad-
mitted to the exhilAtion at half price. He (Mr.
Francis) held in his hand a number of such tickets,
ready to go up in those balloons when the weather
permitted.—(Laughter.) The cost of such a balloon
to the proprietors was 83., the gas used to inflate it 25.,
and the cost of the tickets 2s. The half-price
of the tickets dropped from the balloon and picked up
yielded 21., so that the proprietors of the panorama
would
gain a profit of 11. Bs. on the transaction.—
(Renewed laughter by the Cnancellor, the deputation
joining.)

The CLIAnCELLOR of the EXCHEQUER (looking at
the tickets handed to him by Mr. Francis) said it
was worth While a Chancellor of the Exchequer's

seeing and hearing such things, in order to see how
ingenious the world wasin evading a tax.—(Laughter.)
Mr. FRANCIS said some of the tickets dropped from
the balloon had been picked up in Berkeley square
and Buckingham Palace, and had been presented at
the entrance-door of the exhibition, by parties who
had picked them up.
Mr. M. YOUNG (to Mr. Francis)—l see you have
tickets of different colours.

The CHANCELLOR of the EXCEEQUER (to Mr.
Young)—l suppose for different flights.—(Laughter.)
Mr. YOUNG—Yes ; some of them for higher longi-
tudes than others.—(Renewed laughter.)
Mr. FRANCIS adverted to the public inconvenience
if tradesmen in general had recourse to such a method
of advertising.
Mr. YOUNG apprehended that a butcher would
not sell his meat at half price if a man went to him
with such a ticket.—(Lughter.) With respect to
the advertisement duty, it pressed with singular ine-
quality. If the Duke of Northumbtrland wanted to
sell an estate worth 100,0001. he woud be called upon
to pay no more for his advertisemeit duty than the
poor servant girl in want of a place.
Mr. HUNT said this was a tax, the whole benefits of
the repeal of which would go int) the pockets of
the public. If the eighteenpence duty were taken off
the public would get the whole eightenpence, unlike
the paper duty, the removal of which would to a
great extent benefit the large mantfacturers imme-
diately, and the public only remotely
Sir JAMES DUKE instanced the ctse of the agri-
culturists, who, to his knowledge, conplained loudly
of the impediment which the duty of advertisements
threw in the way of their adverting their stock
for sale.

Mr. EWART said, on the same prindple that a duty
was levied on advertisements, the state would be
justified in taxing the town-crier.-0. laugh.)
Mr. INGRAM said he paid more, inpany cases, for
advertisement duty, than he had reeived from the
advertisements. Many of his advertsing customers
had taken credit for an exceedingly bag time, and it
frequently happened that he never received a farthing
of the amount due from them.

Mr. MURDO YOUNG—Aye, but the Chancellor of
the Exchequer loses nothing by that.—(Laughter.)
The deputation then withdrew, much gratified with
the cordial reception they had re eived from the
Chancellor of the Exchequer, and pith the good
humour which the Right Hon. Gentleman displayed
throughout the interview.

THE GREAT EXHIBITION.
Yesterday was a busy day at the Chrystal Palace.
The Executive Committee received in the course of the
forenoon no less than four bushels of letters. For some
time past their correspondence has been accumulating
with fearful rapidity, but the Post-office delivery of yes-
terday is the largest they have yet had. It was caused
by intending exhibitors sending in, as required, specifi-
cations of what they intended to show for the catalogue.
The day was also a busy one for the contractors, who are
pushing on their work so as to have the building ready
for the reception of articles, and for the allocation of
spaces, which must now take place immediately. It was
also a busy day with the public, who are crowding in
great numbers to see the interior of the Crystal Palace
before the 3d of the month, when it will be closed until
the Exhibition actually commences. Oa Thursday up-
wards of 1001. was taken at the door, and, in fact, for
some time past the receipts have been steadily on
the increase, so great has been the curiosity
to examine the inside of an edifice, the external
view of which is so striking. The fund
thus formed now amounts to a very handsome sum, and
will, we understand, be distributed in an appropriate
manner. A portion will go as a donation to St. George's
Hospital, where all the wok kmen who have met with in-
juries have been sent for medical advice. A portion has
been absorbed as a sick and accident fund, and the re-
mainder will he divided among the most deserving of the
hands employed during the progress of the undertaking.
It was absolutely necessary to restrain by a high ad-
mission charge the flow of visitors that would otherwise
have set in upon the building, or otherwise the men
would have been obstructed in their labour, and serious
inconvenience and delay would have been incurred.
Thcw3 who have paid their ss. entry money have been
enabled to see in process of construction the most re-
markable structure in many respects that the world can
boast of. The masses of material that have hitherto
occupied the ground area having been gradually absorbed
in the works, the whole space is now comparatively
clear, and the first steps in parcelling off the allotments
of each nation are about to be taken. The word
"France," suspended to one of the galleries of the
centre aisle, east of the transept, indicates the intended
whereabouts of our nearest neighbours across the Chan-
nel in the great industrial show; one or two hoard•
ings have been put up as the boundary lines of other
foreign countries, and the limits of our own colonial
produce begin also to be defined.

In the midst of all these preparations, and with the
actual realization of the Exhibition so close at hand, the
public will be interested to know what enterprising per-
son has been first upon the boards of the Crystal Palace
in the character of contributor. Great dramas are often
opened on the stage by actors fillieg very minor parts.
Here is a great spectacle, to which the whole world is
invited, and in which every branch of human industry is
expected to figure. Who, it will be asked, has bad the
courage first to venture upon the boards and throw
down his gauntlet of universal defiance? All honour to
the fair sex! the Exhibition can boast of a woman as its
first contributor. A milliner has be earliest in the field
in the great industrial rush to Hyde-park. Names are
strictly guarded, or happy should we be to record the
style, title, and address of this enterprising sempstress.
And what, it will be asked, was her contribution? A neat
little box, to the handle of which the key was attached,
was delivered some days ago to
Messrs. Fox and Hen-
derson at the Crystal Palace. Tilt), opened it and dis-
covered, carefully deposited within, two very pretty caps
..
—of a new and taking pattern. A
note intimated that
they were intended tor the Exhibition, and there of
course they will figure—the first consignment to a col-
lectionhuman industry will be
r e aTI lh
et h
Executive
s onf
two complete lists of contributions from
—onamitteee have as yet
red.ree
ep
erivsee
dnwt
only
i l y
abroad. The one is from Sardinia, the other from Ham-
burgh.Ou Thursday evening a singular accident took place
et the new building, which we hove not yet heard ststis-
I totorily accounted for. The wind as night fell began
to blow heavily from the south-west, but was not neariy
so high as it has been from about the same quarter since
the work commenced. All of a sudden the glazing of
about 1,000 square feet gave way, but not in the usual
way when glass is blown in, fur it rather seemed to be
the eft ct of an eddy than of a direct current of air.
The extent of breakage, though it seems large when
stated in figures, is not
801 when examined t;i.li
the eye. Tho canto of it is now under investigation,
and will no doubt be satistso:„fily explained; but in
the mean time it will be sati,fa:itory to the public to hear
that the columns, girders, andother important parts of
the structure at the spot where the accuient took place
do not appear to have been in the least affected, and that
as far as we could ascertain the permanence and stability
of the structure are not at al compromised by what has
happened. It is only extraordinary that a great work of
the kind, so novel in design, and carried on with such
marvellous rapidity, should have been completed with so
few mi.haps calculated to throw doubt on its strength.
We may mentions as a curious fact connected with this
subject that when the glaziag of the transept arch was
in salsrge portion of the east aide had been
finished west side had been closed in. While
thePrg before the
work
was in this state it came on to blow a gale
from the west, and though the arch caught the wind as
in a hood, not a pane of glass gave way.

PRIMARY INSTRUCTION FOR ALL

The time is come for every right-minded and clear-
headedsuperintended by
Englishman to join heart and hand with Richard
Cobden in his great enterprise of realising for the people
t ertna t
eosf Primary Instruc-
,
local boards, uncramped by doctrinal teaching, and open
to the gratuitous admission of every child within these
realms.
tio,listo bepulpepo an
rtuednivbeynalloc syael

....Tevery
aristocracy,
for
..._. i
has embarked
on the nobler and more arduous task of achieving Englandho man w
fromho,
a reluctant
for her
free instruction, in spite of the jealous hatred of a domi-
nant priesthood, and the timorous scruples of sectarian
againstluc n t
selfishness. May God prosper him in his work! The
course he has taken is the only course that can lead to
victory: it is plain, broad, and straightforward—simplo
as Truth and direct as Justice. On behalf of that
English people, who at their last numbering were
17,000,000 souls, of whom nearly 8,000,000, it
was comruted, could neither read nor write, he
asks that they shall be permitted to tax themselves
for the means of supplying
that elementary in-
struction for tho want of which the sons and daughters
of the land aro growing up in all the squalor of vice
and the brutishness of ignorance. Church systems,
voluntary systems, systems of the Committee of the
Privy Council—all schemes which have attempted to
blend dogmatic and doctrinal teaching with the secular
instruction of the people—have issued in a failure, the
(,r(,nt of which is measured by tbote simple but appal-
ling words, "nearly 8,000,000 out of 17,000,000 who can
neither rtai nor write."

Since An6elm first preached the name of Christ in this
gnearly of bishop
one-
island, well niga 1,400 years have passed away, and 10!
at hnids
pi sr
itehset, resultpor
ef
sabl
yl
tt
ehre sacnrdi p
mtuirnails
tteesr_c hti
on
half the population the characters in which that taared
name is written are unmeaning signs, and this, too, in a
land where " the reading of God's woad" has, for the
last 300 years, been made the professed basis of the na- '
tional religion!
Now, the men of Alatichester, with Richard Cobden
at their head, have originated a society, now calpd the
" National Public School Ass liation.” That it will
meet with infinite opposition—that it will have to fight
its way to victory through years, it may be, of arduous
effort and frequent defeat—that it will rouse up against
it the mistaken scruples of pious ignorance, and the af-
fected zeal of interested hostility,—for all this we are
Well prepared, but it will triuraph iu the end. 'Xo doubt

EVENING, PEnnbARY 1,185 L

the ultimate possibility of getting secular instruction
for the untaught millions of England would be to doubt
the existence of that practical wisdom and that manly
justice which have never yet permitted her people to to-
lerate the existence of any social solecism to the enor-
mity of which they were once thoroughly aroused. Thus
to arouse them is the duty of all who have access,
through the public press, to the public intelligence.
Let not the press be wanting to its mission.— Weekly
News.

MINING INTELLIGENCE.
(From the Mining Journal of this day.)
We ve•itured to anticipate, in our remarks of last
week, that the market value of dividend shares, as well
as some others of first-rate character intrinsically, had
nearly reached a maximum price, and the events of the
week fully bear out this conjecture, there being some
rather serious differences to note in the value of most of
the dividend and other shares dealt in, which will be
found in our quotations of business done. The reaction
is, howe►er, perfectly healthy and natural, and clearly
indicates the fact that the capitalist, warned by past
losses, is becoming daily more cautious, by not paying
such rates as would leave less than 12} to 15 per cent.
per annum interest of money. In all other respects the
state of the market is satisfactory for the buyer, and, in
some few instances, advanced prices have been obtained
for favourite shares.

In the Metal Market, Lead is firm, at unaltered prices.
Foreign Tin has again been largely dealt in, at advancing
prices: the mark. 4 closes very firm, with an upward
tendency. The price of English Tin has been raised 51
per ton, and refined is hardly obtainable, even at the
advance, but bars and blocks may be had, in sezond
hands, under the quotations. Tin Plates firm, and in
good demand. Copper unaltered.
The following are the dividends declared during the
past month:—
Mines.
North Pool ...
Spearne Consols
Balleswidden
East Wheal Rose
South Wheal Frances
Carn Brea ....
Bedford United
Alfred Consols
Devon Great C0n5014...
Wheal Buller ...
Treviskoy
Trethellan
South Caradon
Wellington ..

Per Share.
£l5

Amount.
... .£1,500
... 640
... 602
... 1,920
• • 1,984
... 2,000
... 600
... 2,048
... 7,168

... 2,560
... 1,800
9 Il• 300
... 640
... 512

Total 4E24,274
Of foreign mines a dividend has been declared by the
Cobra Company of 31. per share, amounting to 36,0001.
At the Tresavean meeting, on Tuesday, they did what
they have not done there for 30 years, make a call.
They must put down a new shaft to work a side lode.
United Mines account was not held as appointed, but
postponed for the third time, on account of the absence
of Mr. Michael Williams; he having returned, it was
fixed to be held yesterday, when, in consequence of the
loss of 4001. or 500/. a month, and the dislike to paying
calls, they would, it was expected, resolve on discharg-
ing some of the agents, and about 100 labourers. Their
neighbour, Great Consols, must also follow, for the same
reason. The mines are feeling the effects of the late
floods. At Plenty and Goonearle, they have put the
engine idle; the great adit is choked, and the water up
to surface. At Grambler the adit is crushed, so that the
water runs out of the shaft at surface.

The Callington Mines sold 45 tons of lead ore, at 18,
per ton.

- Bryntail Mine sold 25 tons of lead ore, at 111.25. per
ton.

The next sampling of Trehane will be 55 tons of ore,
of the beat quality, and another parcel of 40 tons. At
Trelawny, 100 tons of No. 1 ores, and 70 tons of No. 2,
were sampled on Wednesday.
A good lode has been cut in Bell and Lanarth, and in
North Pool the lode in the shaft is producing about 15
tons per fathom.
An improvement is reported at Merllyn, in one of the
pitches going further west than any of the former work-
ings, and on a different lode, which is worth 401. per fin.
Forty tons of ore have been raised at the old lode, and
the estimated yield of one pitch is 20 tons for the month.
At North Roskear meeting. on the 13th Jan., the ac-
counts showed—By amount of ore sold in November,
4,170/. 3s. 10d. Costs for Oct. and Nov., 4,1641. 3s.
lid.; leaving profit, 7051. 19s. I Id. By dividend of 51.
per share, 7001.; leaves balance, 51. 19s. 11d.; add balance
trom last account, 1,8451. Bs. 5d.; leaves now in hand,
1,851/. 9s. 4d.

At the South Caradon meeting, on Tuesday, a divi.

(lend of 21. 10s. per 256th share was declared, and a ba-
lance of 8941. 3s. 6d. carried to the credit of the next ac-
count. The accounts showed—Ores sold in October,
2,224/. ss. 6d.; ditto November, 1,9631. 3s. 3d.=.4,187/.
7s. 9d. Costs for Sept. and Oct., 3,049/. 3s. id., leaving
profit, 1,1381. 4s. Bd.; to which add 3951. 18s. 10d. balance
of previous account, and deduct 6401. for dividend, leaves
894/. 3s. 6d. to credit of next account —The report states
—"Our prospects are still good; we have been able to
carry out our promise of giving you an increased divi-
dend, and also increased the balance in hand."

At the Trethellan meeting, on Tuesday, the accounts
for Nov. and Dec. showed—Balance from last account,
3361. 7s. I Id.; ores sold (less dues), 374/. 16s. I Id.; sale
of materials, 1481. 14s. 9d.=8591. 19s. 7d.—To costs and
merchants' bills, 3901. is. 7d.—By dividend of 2/. 103.
per share, 3001.: leaves balance in favour of adventurers,
169/. 18s. _ _

At the Tresavean meeting, on Tuesday, a call of 101.
per share was made. The accounts were-Labour cost
for Nov. and Dec., including merchants' bills, 2,2421.45.
-Copper ore, &c., sold (less dues), 1,551/. 19s. 9d.;
showing loss, 6901. 4s. 3d.; from which deduct balance
in hand, from previous account, 3871. 13s. 6d., leaves
now against the adventurers 322/. 10s. 9d.
At the meeting of the Holy ford Copper Mining As-
sociation, the accounts showed a balance of 1,412/, 75.3 d.
in favour of the mine on the last six months' working;
also an increase of 139 tons in the ore raised, and a de-
crease in the expenses of 968/. 9s. 7d. The liabilities
amount to only 232/. Is. Bd.; and the bills and cash in
hand to 360/. Si. ad.; the machinery, steam-engine, and
other property on the mine, is estimated at 2,1151.
14s. Id., exclusive of the various buildings. The direc-
tors, in their report, express no decided opinion as to
their future prospects, on account of the uncertain extent
of the bunches of ore that have been opened on; in
some parts of the mine, however, the produce is good,
and the ore of rich quality. Should the amount pro-
duced be equal in 1851 to that of the past year, a fair
balance will be left at the disposal of the shareholders.
Mr. %V. H. La Serre was elected a director in the place
of Mr. F. L. Mesurier, for the present year.
At the Callington quarterly meeting, the accounts
showed-Mine cost and other disbursements, including
balance of last account (2,669/. ss. 9d.), 5,468/. 4s. sd.
By silver-lead and copper ores sold in August, Septem-
ber, and October, 2,0251. 93. Id.; instalment, 1,0001.;
leaving balance against adventurers, 2,4421. ss. 4d. The
report of the directors stated that Captain W. Lean had
been chosen, instead of their former managing agent;
that the operations were now being actively prosecuted;
and their prospects were, in their opinion, much more
favourable, both as regards the lead lode and the Kelly
Bray copper lode. The agent's report ste":-tad that more
ore ground was now opened, and the prospects of the
mine becoming profitable much greater than at the last
general meeting.
At the West Wheal Seton meeting, the accounts
showed-Labour cost and merchants' bills, 954/. 17s. 3d.
By copper ores sold, less 1-15th dues 408/. 185. 9d.;
leaving balance of 5451. 18s. 6d.; to which add balance
of previous account, 541. 186. 4u. = 6001. 165. 10d.
Amount of call received, 4001.; leaving present balance
against the adventurers, 2001. 16s. 10d. A call of 21.
per share was made.
The West Alfred accounts, referred to on the 18th of
January, have since reached us ; they show-Total
amount of costs to end August, including merchants'
bills end Sept., 3,4461. 95. 31; labour cost fur Sept., Oct.,
and Nuv., 6361. 6s. 10d.; merchants' bills, Oct., Nov.,
and Dec., 1,3531. 18s. 4d. = 5,4361. 14s. 5d.-By call
made April 8, of la per 128th, 1,2801.; ditto Nov. 5,
251. ditto, 3,20/.; leaving balance against adventurers,
9561. 14s. 5.1. By call now made of 11 per share, 1,0241.
At Wheal May meeting, which was well attended,
the accounts showed a balance of 212/. 13'. in favour of
the mine; the cost for the two preceding months was
661. Gs. 6d. Measures were adopted for completing the
registration of the company, and resolutions were passed
expressive of the satisfaction of the shareholders at the
prospects of the adveuture. An engine is now in course
of erection at the mine, after which the workings will be
actively prosecuted.
At the West Goginan meeting, on Tuesday, a call of
2s. 6d. per share was made. The operations at the mine
were represented as progressing satisfactorily, and san-
guine expectations are entertained of the results.
At the meeting of the Abergwessin company on
Wednesday, it was resolved that a new lease should be
applied fur in the names of four of the shareholders
present, each engaging to tyke as large a number of
shares as are now held by them, and to recommend them
as an investment to their friends. Much regret was
31.
. 2
building,
h3atilhe
.a
Stephens,r le do i
d eArt
ex-
pressed on account of the past mismanagement of the
undertaking, owing to which many of the calls had not
been responded to, and the works at the mine had in
consequence been suspended. One of the proprietors of
the land was present, and pledged himself to grant his
portion of the land to the company. It was also agreed
that those among the old shareholders who
have paid up their whole calls of 101. per
share, should not only be entitled to their full nnutber
of shares in the new company, but have a preference as
regards any additional number required. The exertions
of Major Adair and Mr. Howard on behalf of the com-
pany were warmly acknowledged at the meeting, andeofunlsl
confidence was expressed in the success of the opera
about to be undertaken.
At the South Plain Wood meeting on Tuesdy,
17s.
accounts showed-Balance from last act. 01a7as.t ""
'lod.-By
10d; call of 1/. per share, 1,0241.1,1,1,50 November,
192d1..;; balance'
Messrs.
labour cost October, 196/. 93. 2d.;4d
in-
cluding merchants' bills not due,
of cost of least, 311. 65.; rent,
n
0 n
uhl
favour
Williams,
eoouf
ntah:3o oe
atou
idshaelian:lttetaoonof
fdef untract, 150/. ; lea
Ningichboall
the accounts. Frotn the re-
portwe call
encr on
uo
rfa
alapsg ss.aco g
character, audit
the indications, from the first of an
ter, improved as the working pro-
the taunter lode had yielded some fine of t:huenei npditecnWetrbhdaartta
spe-
cimens of yellow and grey copper ore. The necessary
buildings at surface are nearly completed; the agent is
about being permanently located on the mine; the lodes
pro-
ceeded, eeadpedp ,ear anded
are said to look very promising, and give every indica-
tion of a good mine in depth.
At the Tyn-y-Worglod meeting, a general statement
of the company's affairs was laid bolero the share-
holders, from which it appeared that the purchase of
the quarry property had been completed, and funtis
provided fur developing its resources. The report of
Mr. St. Pierre Foley gave a very favourable account of
the present operations and future prospects of the com-
pany. The available capital is upwards of 3,5uu/.,
which is cheated mute than ufficient to meet the expen-
diture until returns are made. Several gentlemen of
capital and influence are now included in the proprie-
tary, and very sanguine expectations are expressed as to
the successful issue of the undertaking.
The report of the directors of Cameron's Steam Coal
and Swansea and Lougliet Railway Company,
at their
/31951141 Pittiodoqo reoehulended the poseautieu of