The Sun.
London, England, 1856-04-05 00:00:00

GERANTS.

• . --_____
MONSIEUR MANCEL (Ex Prefet, Ex Maitre' des requetes
au Conseil d'Etat Commandeur (de la I_4;ion d'Honneur.)
E; MANCEL, (Directeur des Mines de Fins et de Noyaut.)
Under the Firm of MANcEL PERE, File Et Compasie.

BANKERS OF THE COMPANY.
Messrs. DONON, AUBRY, GAUTIER and Cie. in Paris.
C. DE YAUX and Co., in London.
London, sth April, 1856.
Tho objects of this Company are—the possession and
working of the CartheauX Coal Mines and of the Railway
from Carmeaux to Alby, already conceded : the obtaiui g of
the concession of the extended line to Lexos and Toulouse,
and constructing the same, so connecting the Cal meaux pro-
perty with the Grand Central on one side, and, with the Midi
(Bordeathc to Cette) Railway on the other. The Coal Mine
Grant covers 80 square kilometres (20,W0 acres), which since
the ear 1750 belongs to the Solages family, who besides pos-
sesses iron works, forests, and other landed property valued
1400)410,1i55int14,..111,40,50.0001., inclad4pi.
to tbepresent Company.
The official reporis of the Government Engineers on 900
acres only in actual course of working, compute the contents
thereof at 25 million tons of coals. Notwithstanding, the
working of the coal beds has been pursued to this day upon
the old system, and leaves room for great impr vemeuts.
The yield has been trebled in less than seven years,* and
reaches now 120,000 tons per annum.
* Vide Reports of Engineers deposited at Messrs. C. De-
vaux and Co., 62, King William-street, Loudon.
No. I.—E. de Hennezel, Ingeuieur, en Chef du
Corps Imperial des Mines.
No. 2.—Boisse, Ingenieur des Mines and Directeur
des Mines de Carmeaux.
The geographical site of the Carmeaux Colliery is particu-
larly advantageous. It is the nearest to Toulouse and to the
,Pyreneean districts, where the large deposit of ores cannot be
worked for want of a sufficient supply of fuel.
At Toulouse, the Carmsaux coals meet with outlets by the
tidi (Bonrdeaux and Cette) Railway, the Canal of Langue-
doc, and the Canal Lateral in connection with the Ocean and
the Mediterranean, and subsequently by the projected
Pyreuecan railways to Spain. The Midi (Bordeaux and Cette)
Company, the Grand Central Company, tho Orleans Com-
p .ny, the projected Pyreneean Company are already, or will
be, supplied by the Carmeaux Colliery on account of the price
and quality of its coals.
These coals have no competition to fear upon the markets
alluded to, as the nearest coal mines are the Aubin, which
are SO miles further from Toulouse. The value and impor-
tance of the Carmeaux Coal Mines can be e,timated by the
fact, that notwithstanding the iutperfeet communication which
now exists, they have supplied the Orleans Company for the
last two yews with coke for the traction between Bordeaux
and Tours. The present contracts with the Orleans Com-
pany and negotiations opened with other companies will in-
sure, when the railway to Toulouse is completed, a sale of at
least 300,000 tons annually, upon which the nett profits can-
not be computed at less than 1,400,000 f., or 56,001 a., bade-
pe..deut of the revenue arising from the Carmeaux aid Alby
Railway.
In consequence of the steady increase in the consumption
of the Carmeaux coals, the Solages Company obtained the
concession of the railway from Carmeaux to Alby, and have
applied for the concession of a railway from Carmeaux to
Leans and from Alby to Toulouse, thereby forming a junction
(through the.coal mines of Carmeaux) between the Great
Central and the Midi (Bordeaux and Cette) Railway. -
This Line will not only enjoy a large mineral traffic, tont
will form au important link in the great system of railway
communication, which by means of the Grand Central and the
railways connected with that company in Spain *ill form a
direct line from Paris via Toulouse to Saragossa, Madrid,

and the Mediterranean.
The Line from Carmeaux to Alby is in course of construe- •
tion. May, 1t•57, is fixed for its completion. The capital has
been raised by a loan of 120,0001. in bonds of 201. each, at
5 per cent.
The preseat Company is established on the following
terms :---
To pay the Solages Company Frs, 15,000,000, in 100,000
s'.ares of Frs. 15u (61.) each ; being 600,0001. for the transfer
of the Carmeaux Coal Mines and the Iron Works, Forests,
&c. ; the concession obtained of the Railway from Carmeaux
to Alby and the existing demand for the concession of the
Railways from Carmeaux to Loxes and Alby to Toulouse.
When the new concession is obtained from Alby to Lexos
and from Alby to Toulouse the capital of the Company will be
raised to 5,000,000frs (2,320,0001.), divided into 116,000
shares of 500frs. each (201.)
Out of the said capital the 120,0001 bonds issued by the
Solages Company will be reimbursed at par
New shares of 500frs (20 .) each, with 61. paid up, will be
then delivered in exchange of the original shares of 61., the
original. subscribers incurring no further responsibility.
The remaining 350fr:i (141.) to be successively called up
4ittilieridievenst.ruotieN of the-BailwaY--
The original subscribers will incur no responsibility what-
ever, beyond Cl. The holders of these 'shares will alone be
called upon to pay further instalments, and to them exclu-
sively will belong the advantages of the Railway to the Junc-
tion of the Bordeaux and Cette and Great Central Railways.
Out of the number of shares taken up the Solages family
in countervalue of the property transferred to the new Com-
pany, 50,000 shares have been put at the disposal of Messrs.
C. Devaux and Ce.
Application for the aforesaid 50,000 shares may be made
in the annexed form, addressed to Messrs. Chas. Devaux and
Co., 62, King Willi,m-street, or Messrs. Joshua Hutchinson
and Son, 39, Lothbury ; but no application will be considered
unless a deposit of 11. for each share applied for is previously
made with the London Joint Stock Bank, Princes•street,
Mansion-house. This deposit will be returned in the event
of the application not being acceded to ; and if au allotment
is made, it will be applied towards the payment of 61. per
share, which will then be payable.
MANCEL PERE, FILS, & CIE.