The Sun.
London, England, 1869-02-26 00:00:00

THE ALMADA SILVER MINING COM-
PANY (Limited).
Registered =dor the Companies' Acts 1862 and 1867.
Capital £75,000, in 7,500 Shares of £lO each (of which
4,000 Shares are agreed to be taken, including the Shares
to be transff rred to the Vendors in part payment, and

3,500 are offered to the public).
Deposit on Application, Xi per Share; Payment on Allot-

men; lbs. per Share.
The remaining Instalments will be payable as follows :
On the 20th day of May, 1869 £2 10 0
On the 20th day of August, 1869 2 10 0
On the 20th day of January, 1870 2 10 0
But Shareholders to be at liberty to pay up in full, and re-
ceive 5 per cent. interest on Calls paid in advance, in
which case Share Warrants to bearer will be issued.
'he Vendors to the Company have agreed to forego all
profit for the sale of their contract entered into with the
owners in Mexico (subject to the payment of the original
purchase-moneys and exploration expenses, amounting to
£43,000, payable as follows—viz., £20,000 in 2,000 fully
paid-up Shares in the Company, and £23,000 by instal-
ments, until the Shareholders have rfeeived back their
entire subscriptions in full, and 5 per cent. per annum in-
terest thereon, after which the profits are to be equally
divided between the Shareholders and suchVendors.when
fully paid-up Shares will be issued to represent the Ven-
dors' moiety of the property).
The Deposits will be returned unless two-thirds of the
Capital, exclusive of the Vendors' Shares, be applied for
and allotted.

DIRECTORS.

. George Curnowilockin, Esq., Director of the Anglo-

Mexican Mint Company.
Robert Wallen Jones, Esq., 7, Ormonde-terrace, Regent's-

park.
William Julius Marshall, Esq., Auditor of th© London

Bank of Mexico and SOuth America.
Walter Shairp, Esq., 25. Sussex-gardens, Hyde-park.
(With power to add to their number.)

BANKERS.
The National Provincial Bank of England.

BROKERS.

Messrs. Irving and Slade; 1, Copthall-court, E.C.

CONSULTING ENGINEER.
John Petherick, Esq., F.G.S., M.E.
SOLICITOR.

(J. A. Morgan, Esq., 1, Winchester-buildings, E.C.

SECRETAP.Y.
H. G. Denniss, Esq.
OFFICES.
1, Winchester-buildings, E.C.

This Company is formed for purchasing and working
the celebrated Almada Mines situated in the important
mining district of Alamos, in the State of Sonora, one
of the richest districts for Silver in Mexico, about seventy
miles from the seaport town of Ajiavampo, on the Pacific
Coast.
The property consists of the Mines " Companin, Mina
Grande, and Providencia," all on the same lode, and
20,000 acres of grazing and arable land, timber for fuel, a
reduction-yard, and a very substantial residence and store-
house.
This property was recommended for purchase by Mr.
John Petherick, F.G.S., and Mr. J. P. (;lames, M.E., the
well-known mining engineers, after personally inspecting
it, as possessing more commercial advantages than any
other of the numerous mines they had carefully examined,
in this and the neighbouring districts.
The conclusions arrived at by Messrs. Petherick and
Clemes have been confirmed by subsequent workings in
these and the adjoining mines. The lode which exists in
the bottom levels of the "Mina Grande" has been cut in
the adjoining mine about 70 yards distant from the boun-
dary of the "Providencia" Mine, and is reported, on re-
liable authority, to be of the width of 40 feet, which is
about the same as that of the " Mina Grande" lode.
It is estimated that the annual profit from working the
Providencia and Mina Grande Mines, after development,
from a yield of 5,000 tons of ore, will be from 20 to 25 per
cent. on the capital of the Company, and it is protable
that larger returns may be realised within a reasonable
period aftter the opening of the Mines. The reported
reduction of duties by the Mexican Government on Silver,
since the date of the original Report, will materially im-
prove the estimated profits of these Mines.
These estimated profits are based on the small quantity
of 5,000 tons of ore per annum, from a lode 40 feet wide.
But from such lode the production of 40 tons per diem,
or 12,000 tons per annum, would be only a moderate re-
turn, and it is therefore fair to assume that the profits may
be considerably in excess of the above estimates.
There is a good waggon road all the way from the foot
of the Mines to the coast.

The neighbourhood is populous, fertile, and very
healthy.
Ordinary mining labour is abundant at about two shil-
lings per day.
Mr. Petherick's Reports, and subsequent Verifications
and Letters, Form of Memorandum, and Articles of Asso-
ciation, and above named Original Agreements may be
Been on application at the Offices of the Company.
Full Prospectuses and Forms of Application may be ob-
tained at the offices of the Company, of the Brckers, and
of the Bankers. .

TR OA BLEd
Telegram from Mr. Fitzhugh, New York, to Mr. Power,
London, dated 28th January, 1869 :
" Patchia writes, Tinto Tunnel will soon reach Pro-
videncia. Produces sixty dollar ore, enough for 30
stamps.' "
31.EmonAsnum....The above would be about 30 tons per
day, or at the rate of 9,000 tons per annum, worth £lOB,OOO
sterling.