The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-07-29 00:00:00

VARTEG IRON
CAPITAL £300,000, iN 60€
DIREC

CI COMPANY.
.10 SHARES OF ETA EACH.
'TORS.
George Kenrick, Esq. I William Needham, Esq.
John Laurence, Esq, Mark Philips, Esq., M.P
John Mitchell, jun.. Esq. I William Rathbone, Esq.
J. R. lauderson.-Esq. Russell-Scott,'Esq.
Henry Milnes Thornton, Esqi
John Labouchere, Esq :enove, Esq.

AUDITORS.
I Philip C ~..
it
BANKERS.
Messrs. Williams, Deacon, Labo there, and Co.
SOLICITORS.
Messrs. J. and S. Pearce, P i ips, and Bolger.
A N opportunity having presented • self of negotiating with
Ilk. the Proprietors of the VA RT IRON WORKS. near
Pontipool, in Monmouthshire, for the purchase of those Works
on terms which are calculated to yield a highly remunerative
return, and a careful and deliberative survey and examination
having been made by persons of the highest competency, an
agreement has been entered into for the purchase, contingent
upon a Joint Stock Company being formed for the purpose of
carryinc, on the concern.
The terms of the purchase are grounded not upon the existing
high prices of Iron, but upon those which may be expected on
an average of years. ~..
The Works are at the present ittae in active and profitable
operation, producing at the rate of about 18,000 tons of Iron
yearly, a large proportion of which is manufactured upon the
premises into wrought Iron Rails and Bars. Taere are five
Furnaces in blast, and there is engine power capable of work-
ing au additional number. The Works at present give employ-
ment to about 1,500 persons. The distance from Newport (the
Shipping Port) is under fourteen miles by easy Railway and
Water Carriage, and it will appear by the register of the Mon-
mouthshire and Glamorganshire Canals, that there are but four
Works in South Wales which equal tho Varteg in the amount
of produce.
A part of the Estate is Freehold, and the remainder held on
Lease at moderate Rents.
For the purpose of raising a Capital for the payment of the
Purchase Money and carrying on the Works, it is proposed to
create 6,000 Shares of £5O each, upon which £lo per Share will
be paid as a Deposit; and, as the agreement binds the Vendors
to accept the consideration money bv easy instalments, the sub-
seqent Calls upon the Shares will be limited to £5 each Call,
and an interval of at least three months will elapse between
each. It is not expected that more than £35 per Share will be
ultimately called for.
The Company will take the profits of the concern from the
30th ultimo and as the Dividends will be made half yearly,
the first Dividend will be payable in the month of January
next.

The previous Proprietors of the Estate will hold a large
Interest in the. Company, and will•continue to take an active
share in its managements.
The Company w►ll be regulated by al Deed of Settlement,
which will be forthwith prepared by. the Directors under legal
advice, and which' IQ Shareholders will be required to execute
upon notice for thatlltirpose, tinder penalty of forfeiture of their
Shares. The Deed All contain such clauses and covenants as
are usually inserted in Deeds of Settlement of this nature, and
will tixthe number and qualifications of the Directors and
Auditors, the periods of holding General Meetings, the right of
voting, and such other points as are not adverted to in this
Prospectus, all of which are to be in the discretion of the Di-
rectors.
Applications for Shares may be made (post paid) to the Sec-
retary, at the Office of the Company, No. 29, St. Sw►thin's Lane,
Lombard-street.
\*l LLIAM PULFORD, Secretary.
London, 25th July, 1836. -