Star.
London, England, 1825-05-30 00:00:00

Osoant Iloutruse, Esq.
T is not. 'perhaps, very generally knovin, that the
valuable Site Quarries and Minerals wklth abeind in a large
portion of Noieb Wales, have been hitherto entirely neglected, or
sal Sery partially worked. Indeed, the mode in which Mining
s are conducted In this principality, exhibits sufficient
'eviddloce of the want of skill or insufficleacy of capital to work
them. The appearance of a vein of Slate or Mineral either induces
a feet persons, generally small tradesmen, in the vicinity, to agree
to explore it in partnership ; or some individual, with an incompe-
tent capital, to undertake it. For this purpose all adventures in
&Upper and Lead are divided into sixteen portions or ounces, and
the usual subscription to commence the working, seldom exceeds
seso for each shareholder, who looks to an immediate return fur
the inveitinent, cod seldom consents to the profits (if any) of the
woitis, being devoted to their extension and improvement. This
aim with reference to Slate Quarries, is the principal cause why
at present, With the exception of Iron Works (which is is 110 t the
intention Of this Company to undertake), there are in a track of
country literally abounding with the most valuable Slate Mineral,
very few condticted on a scale promising adequate remuneration.
To obtain an immediate and small profit, the capabilities of the
Quarries and. Mines are ;contrail, altogether sacribeed ; and if, at
any %bare petiud, the shareholdirs in the adventure, or perhaps.
sole propricturs be induced tts extend operation. they often find that
all the previous workings have only been detrimental to the pro-
perty, and a serious obstacle to its improvement.
This is more particularly the case with the Slate Aharries. The
immense demand for this Article within a few years, wind, it
might be supposed, have induced the investment of a large Capital,
and the employment of competent talent in the production. But
the contrary is the fact; and it appears front personal inspection,
and the opinion of individuals well qualified to pronounce on the
aislitet, that within the principality of North Wales at this moment,
only two Proprietors conduct this trade on their own Estates, to
that advantage of which it is so completely mistapdble. Not that
other siotatious and other opportunities are wimaing-.-oot that the
slate is elsewhere of au inferior quality, or mere expansive in the
prodigal= ; for it is found to Its otherwise the ease in various
pafts of the Principality,' both as to et asurial and vicinity
to a place of Shipment. Yet notw Urge advantages, and
the long period during which the Trade has been steadily increasing,
there ate now lying in the Ports of Bangor, Carnarvon, and Tre-
anadoe, many vessels front all parts of the Kingdom, and from
America, waking for weeks to be loaded with Slate, which all the
*settles: of the present Proprietors of the Quarries are insufficient
to 'Modem in quantity to supply the demand. Thus, in defiance of
the unprecedented prosperity of the trade, the capabilities of no-
menus situations for Slate fannies, it is air to conclude, are alto-
;ether unknown to the great majority of individuals resident in
.Nortia Wales, and interested in this description of Property; or
they have been deterred by want of Capital from working them
with energy. These assiderations have induced the Proprietors
of this Company to pay more partiadar attention to that perdon of
its intentied.operatiens connected with Slate, than they otherwise
would have felt justified in doing ; and they have now thewsdefeet
ties to announce to the Shareholders that they have
vahiable Quarries, compactly situated in various parts a=
cipility, and particularly at Festiniog, in Merionethshire.
Although the main object of this Company will be the working
of Slate Qnarries, yet agreements have been made for Situations,
riod Mines of Copper and Lead in the same vicinity, which it is
'confidently anticipated, must prove eminently productive.
the affairs of the Company are under the management of a
Mond et Directors and four Auditors. A Deed of Settlement has
been prepared for the Regulation of the Company, which, being
approved of by the Directors, is the proper Deed for the regulation
of the L'easpay; and must be signed by every Shareholder on
taking out his Shares, the deposit on Which is 101. a Shire.
Prospectuses and any further information may be obtained at the
Company's (Nikes, No. 3, lkoad-stmt Buildings, City.
By Order of the Directors,
PHILIP BORTON, Secretary.
3, greet boildinp, May 27, 1825.