The Sun.
London, England, 1851-11-17 00:00:00

N°. 1814561

THE NOUVEAU MONDE MINING
COMPANY.
Established in France for Working Gold Mines in the Mariposa Dis-
trict of Caßonda, under Leases trona the Tlonourable Colonel John
(Marlei Fremont
Capital, 2(1.),000/., or 5,009,000 f., in shares of N. (or 25f.) each to
bearer.
COMITE DE SURVEILLANCE IN PARIS.
PRESIDENT—Prince LOUIS LUCIEN BONAPARTE.
VICE-PRESIDENT—Count DE L ANT tVY, Ex-Ccunse:lor of State
• (late French Constil-General In Dublin.)
Count de Talvande.
Count Milon de Villiers, late Auditor of the Council of State.
Viscotnt de ituolz, Inspector of Railways in France.
Baron d'Aurier, Director of the IN atiunal Agricultural Establishment
of Rambouillet.
Baron de Balsac, late Chief of Division in the Ministry of Marine.
Dwillettl„kdvocat e in tho Court of Appeal of Paris.
M. I. F. Kraus, Banker.
Dr. Londe, Member of the National Academy of Medicine.
_ _ .

M. de Wissoeque, late Prefect.
GER ANT— Mons. Fabien Paganelli di Zleavo.
COMMISSION OF SUPERVISION IN LONDON.
Sir William de Bathe, Bart., Portman-square.
John Addis, Esq., Corn Ex.change.
John Dudin Brown, Esq., Corn Exchange.
G. B. Carr, Esq., 10, LAUFefiCe Pountney-place.
John Disney, Esq., F.R.S., the Hyde, Essex.
G. P. Irvine, -Esq., 15, Pall-mall.
Captain Jesse, Maisonette, Ingatestone, Essex-
ENGINERAS—Messrs. John Taylor and Sens, 6, Queen-stree-place
Thames-street.
BANKERS.
Banque de France, Paris.
Messrs Masterman, Peters, and Co., London.
Messrs. Heywood, Kennards, and Co., London.
Sometimes—Messrs. Valiance and Valiance. 20, Essex-street, Strand
BROKERS—Messrs. Jlill, Fawcett, and HAL 29, Threadneedle-street.
SECRETARY (ad interim) —Wiliam Cooper, Esq.
Chief Office, 11, Place de la Bourse, Paris; London Agency, 2,
Moorgate-street, City.
This Company was established in France in May, 1850, under the
French law of" Commandite," by which the of each share-
holder is limited to the amount of his shares, and these shares being
paid up in full on allotment, and being to bearer (au porteur), are
not subject to any call or registration, and no deed has to be signed.
According to this law (commandite) the affairs of the Company
ari:m,dueted' by the Geraatv under the advice of, the Comite de
s awe in Part; t the_ Covetable* of Beftrvgion in. London
will, however, have the supervision of the'affAirs of the Company
in 'England and Calffornia, and an Agent charged with full
powers of the Gerant will represent the Company in London.
Shares to the amount of 46,0001. have been already issued, and
the amount of capital raised thereby has been applied to the pur-
chase of leases of the mineral property proposed to be worked by the
Company, and in payment of the expenses incurred in the establish-
ment of the Company in France and California.
The capital to be raised from the remaining portion of the shares
will be applied to purchasing and sending out the necessary ma-
chinery, with an efficient staff of miners, artisans, and competent
agents, skilled in th 4 various processes adapted for the extraction of
gold ; to the working of the mines, and to the payment of all charges
and expenses incurred in England and France.
The proceeds of the mines, after deduction of all expenses incurred,
will be livided rateably among the shireholders, and the dividends
Will be payable in Paris and London.
The leases and contracts of the mines are deposited with Messrs.
Valiance and Valiance, the English solicitors of the Company.
Subsequent to this the Company purchased the lease of Baldwin's
Mine, and tel) other leases which were granted by Colonel Fremont.
Baldwin's Mine is upon the great Mariposa quartz vein, which has
been found so largely productive. The specimens from Baldwin's
Mine are extremely rich, and may be seen at the offices of the Com-

WY-
Tne grants to the Company are for twenty-one years, with clauses
for a renewal for a further term of twenty-one years, under a roya ty
of one-sixth of the gold produced; and the superficies of auriferous
land secured by them comprises an extent seven times greater than
that possessed by any other company.
These grants are exempt from royalty during a period of eighteen
months, from August, 1851, or until the profits from the mines shall
have re-imbursed :he Company 17,000/. of their outlay in machinery
and works.
Exclusive of these Mining setts, there are also 500 acres of other
land, principal'y forest, the timber upon which will secure to the
Company an abundance of material for building, fuel for steam en-
gines, and other mining purposes.
In addition to these valuable grants, the Company has secured a
contract for a lease from Colonel Fremont of ten acres of land,
upon which it is intended to erect works for the extraction of gold.
This lease Is for a term of forty-two years, upon conditions highly
favourable to the company; and it is intended to erect steam-
engines of sufficient power, with machinery of the most appro
eres.
ved
construction, for crushing, grinding, and amalgamating quartz
These will be employed not only In the extraction of gold from ores
raised from the mines leased by Colonel Fremont, but will also be
employed in the reduction of the quartz ores raised In the surround-
ing districts.
This branch of business Is a distinguishing feature in the in-
tended operations of the Company, as, independent of all other
considerations, a large revenue will be readily obtainable in Cali•
fornia from such a source. This view is confirmed in a letter
from Colonel Fremont to Mr. Hoffman, dated 15th May, 1851, in
which he deplores the inefficiency of the machinery hitherto em-
ployed.
It is gratifyineto the Commission of Supervision to state that they
have secured the valuable services and co-operation of the Hon. Mr.
Hoffman, as legal adviser on American law ; and they have been
desired by that gentleman to state, that in the present instance
only can he consent to act in connexion with any company of this
nature.
The advantages peculiar to this company may thus be briefly enu-
merated :-
1. That the shares are to bearer, no registration is necessary, and
no dead has to be signed.
2. That the Company possesses a lease of a located mine, the
produce of which is verified by the report of Captain Jackson.
3. That the Company possesses a tract of auriferous territory seven
times greater than that possessed by any other Company in Europe or
America.
4. That the terms of the leases of the mining setts are for 21 years,
with clauses for renewal for 21 years.
Lastly. That the Company has an additional lease for 42 years
of lands for the erection of works for the extraction of gold.
Applications for shares may he made at the Company's offices ; or
to the Brokers of the Company, on or before the 20th Inst., after
which no applications will be received.