The Sun.
London, England, 1860-06-05 00:00:00

PROSPECTUS OF THE IMPERIAL

THESSALIAN MINING COMPANY
(Limited).
Capital £lOO,OOO, in 50,000 shares of £2 coach. 10s. per share
payable on application, and 10s. on allotment.
DIRECTORS.
James Nugent Daniell, Esq., Blackwell Railway.
Henry Morris Kemshead, Esq., 46, Lime-street.
John Cater; Esq., Rood-lane.
Sir Henry Lecke, K,C.8., M.P., Ovington-square.
JoseA Fry, Esq., Gresham Hong.
Sir Cusack P. Roney, Old Broad-street.
Charles Whetham, Esq., Gracechurch-street.
Local Agent—Major It. Stuart, H.B.M. Consul, Volo,
Consulting Engineer—Wm. B. Bray, Esq„ C.E.
Solicitors—Messrs. Hughes, Kearsey, Masterman, & Hughes.
Bankers--Messrs. Smith, Payne, and Smiths.
Brokers—Messrs. Field, Son, and Wood.
Secretary (pro tem.)—Mr. A. C. M. Prince.
Offices-85, Gresham House, Old Broad-street.
The mining property which it is the object of the present
Company to acquire and work is situated in the provinces of
Thessaly and Epirus, and a portion of it in Macedonia, known
in the country as the Sanjak of Janina, Trikala, and Volos ;
it embraces a superficial area of great extent, and many
ranges of mountains rich in mineral deposits. Amongst
those ranges are comprised Mount Pindus, Mount Othris,
Mount Pellon, Mount Ossa, and Mount Olympus, which are
elongations of the well-known metalliferous chain of moun-
tains passing through Illyria and Carniola, in Austria.
H.I.M. the Sultan of Turkey, in the year 1856, granted a
concession for mining on the above property during a period
of 31 years from that date, subject to an annual rent of 70,090
piastres
theistadbaoy of (about jasnOusatgliinnge)a,
eihn
ylieeaur.of
Talhler
cooynaceltisessi,opnayle
oncom-
prises the exclusive right of mining in the above districts,
and an exemption from the payment of customs duties on all
minerals produced from the mines.
The district possesses unusual advantages for the export
of minerals, having a great extent of seaboard both in the
Adriatic Sea and in the Grecian Archipelago. The boundary
in the Adriatic Sea comprises a length of 200 miles of the sea
coast from the Gulf of Arta, northwards, passing opposite to
Corfu, and on towards the harbour of Duratzo in Albania,
north of Avlona. The boundary in the Grecian Archipelago
embraces about 100 miles of sea coast from the Gulf of Volo
to Katharine, in the Gulf of Salonica.
The concession was originally granted to Ized Pacha, and
has finally become the property of Mr. George Zarifl, of the
well-known Constantinople house. This gentleman has con-
tinued the operations commenced by Ized Pacha and his
former associates in one portion of the property—viz., at the
foot of and on the eastern slopes of Mount Pelion, in which
numerous veins of argentiferous and auriferous lead have been
laid open. Large works for smelting the ores from these
veins have been erected there, about three-quarters of a mile
from the sea coast. They are described by Mr. William B.
Bray, C.E., in his able report (copies of which maybe obtained
at the Company's offices, or of the brokers) as very extensive
in character, substantial in construction, andcapable of treat;
ing a large quantity of ore.
The smelting establishment consists of 14 furnaces, of dif-
ferent sorts, besides a complete set of desilverising pans,
according to Pattinson's process. There are six ore and slag
hearths, three roasting furnaces, two cupelling furnaces, and
a reducing furnace. There is a water wheel of 40-horse power,
but this powet can be more than quadrupled. There are sets
of stampers for crushing ores, as well as extensive apparatus
for washing and dressing them.
There are workshops, smitheries, saw-mills,'&c., and exten-
sive magazines for charcoal. Wood can be delivered at the
works from the adjacent extensive forests at a low cost, and
may be had in uplimited quantitiek
The establishment at "Pelson Works " is capable of smelt-
ing from nine to ten tons of mixed metal daily, and of
separating the silver and gold from the lead. There are
generally from 60 to 80, and sometimes as much as 150 ounces
of silver, and from six to eight dwts. of gold, in a ton of
metal, and its average worth for gold, silver, and lead is from
£2B to £3O per ton.
The ores of Galena yielded by the mines are very rich ;
some of them give as much as 82 per cent. of metal, and the
average is from 30 to 40 per cent. The mineral veins vary in
ocm_efirrst:ll:eiloeesn. softestr:togetheriiurecr.
tzoaransrdhifiabw:ewiest tihesnqhtuthi
entered
quality.
tadtymoi.
breadth from 2 to 10 feet, and yield on an average about 35
per cent, of mixed metal, consisting of lead, silver, and gold.
The gold and silver are refined at the works, and the lead is
for the purchase from Mr. Zarifi of the abovementioned con-
, undertaking, has agreed to accept paymenteffourinr tnteharceeespst, r
oipnpl
ea
trnhttye,
machinery, minerals, and other property belonging to the
as follows, viz.:—£30,000 in fully paid-up shares at par, and
£2Ao,coooooridnincagslti
0,
the report of Mr. Bray, already alluded to,
confirmed by Captain Hoskins, the Pencil mines are now
working at a profit, and only require the judicious appli-
cation of additional capital to render them highly remune-
nerltteoitnaa7Pnwr:aovilrakgrisgo,nal arrangement
remune-
rative.

Labour can be obtained In the neighbourhood of the mines
upon economical terms, and a ready market is found in Turkey
for all lead raised tient the property, the price at Constanti-
nople being higher than in London.
Applications for shares may be made in the subjoined form
to the Directors, at thc Offices of the Company No. 85, Gres-
ham House, Old Broad-street; or to Messrs. Field, Son, and
Wood, 9, Warnford-court, Throgmorton-street, London.
Each application for shares must be accompanied by a pay-
ment to the Bankers of the Company of 10s. per shtre on the
number of shares applied for. If no allotment be made the
deposit will be returned in full.

FORM OP APPLICATION FOR SHARES.
To the Directors of the Imperial Thessalian Mining Company
(Limited).
Gentlemen,—Having paid to your bankers; Messrs. Smith,
Payne, and Smiths, the sum of £ I hereby request
that you will allot to me shares of £2 each in the above
Company, upon the terms of the prospectus ; and I hereby
undertake to accept the said shares, or any smaller number
that may be allotted to me, and to pay the further sum of 10s.
Der share upon the shares allotted to me when required so to
am, gentlemen, yours obediently,
Name in full
Address in full
Ditte,,c....upett,titt”..•ttlicottu ft,