The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1836-06-10 00:00:00

RH Y DGALLED AND SOUGIITON COAL AND IRON
COMPANY.
CAPITAL £25,000,
In 5000 Shares of £5 each.—Deposit El per Share.
MANAGING DIRECTOR AT THE MINES.
Richard Adams, Esq., Mold.
BANKERS.
Northern and Central Bank of England, Liverpool and Mold.

SOLICITORS.
Messrs. Miller and Peel, Liverpool.
THE land which it is proposed to work consists of about 4(X)
acres, the greater portion of which is held on lease for
twenty years, and the remainder for fifteen, fourteen, and seven
years, subject to a rental of £7OO per annum, and a royalty of
one-seventh of the mineral produce to the lord, with a promise
of renewal of the lease without rental.
The super-strata consist of Clay and on-stone, with inter-
lelayers of Coal, and the Main•coal bene throughout the estate.
The lessees have also power to make Bricks for their local
buildings, as well as to get Stone for the same purposes
The works completed are a Counting-house, with Dwelling
for a Superintendent, a Blacksmith's Shop, one Shaft, already
sunk to the depth of eighty yards on the Main-coal, a second
shaft fifty-five yards deep, which, by the labour of twenty-five
men, may be sunk in a month to the depth of sixty-seven yards,
which will also reach the Main-coal, ascertained, by boring, to
be at that depth. When this is completed, both Shafts will be
in a state to bring up Coals, superior in quality to those of other
kinds in the neighbourhood. There are three Collieries in the
vicinity, two of which are expected to be worked out within two
years. There are three Steam-engines erected, (one of eighteen
and two of ten inch cylinder,) Pump work complete on one
Shaft to the depth of eighty yards, two Weighing-machines,
four Whimsies, and a Railroad laid fur about three quarters of
a mile in length, with a Coal-yard at the Terminus on the
Noithop and Holywell road.
The Vein of Coal nearly ready for working is nine feet thick,
exclusive of the Brassey Coal, of three feet, and suitable for
smelting Iron. The latter is found in great abundance through-
out the estate, and, having been assayed by a practical and sci-
entific chemist, in Liverpool, is found to produce forty-four per
cent. of Iron ; it is, therefore, intended to erect two Furnaces to
smelt the Ore The lower Vein of Coal, which is of the best
quality, will yield about 100 tons per day, capable of considera-
ble increase, by sinking other Shafts.
The situation of these Mines is a mile from Mold, three miles
from Northop, six miles from Flint, King's Ferry, and the Vale
of Clwyd, but, as the Coals are superior in quality to those of
other Collieries in the neighbourhood, carts come to fetch them
from a distance of 22 miles.
CALCULATION.

PRODUCE OF COALS.-300 tons per week, deducting
royalty and expenses of rai ,ing, will leave a profit of
• Bs. Gd. per ton.,-being £521 frs. per week, or per annum £2,730
PRODUCE OF IRON.-60 ton per week, at £6 - -
per ton £36o
Ironstone, 31 tons, for 1 ton of Iron, (being much
below the assa!/, of 41 per cent.)
Expense of Raising. Royalt', Limestone, Coals,
Labour, & Carriage, to Hint, £2 18s. 2d. per
144 10
ton

Profit per week £216 10
Being per annum

11,196

13,92 G

Deduct rent, per annum £7OO
£lO,OOO capital, at £lO per cent. per annum lOOO
Expenses computed at 1640

Annual profit .... • • • • £10,516
If the price of Iron fall so as to realize only half the above
income, the profit to the adventurers would still be 50 per cent.
REGULATIONS.
1. The Capital of the Company shall be £25,000, in 5000
Shares of £5 each.
2. A Deposit of Two Shillings and Sixpence per Share' tobe
paid on allotment, to defray the contingent expenses of the for-
mation of the Company.
3. The first instalment of £1 per Share, to be paid to the
bankers within ten days after the appointment of Directors, and
the second instalment, of£l per Share, within three months.
4. The Directors to be chosen by the Shareholders, at a
meeting to be convened within seven days after notice.
5. Fifty Shares to be the qualification of a Director.
6. No further. instalment to be called for without the consent
of two-thirds the Proprietors present at a public meeting.
7. The Shares to be signed by two Directors and the Secre-
tary. A Register to be kept to record to whom the Shares are
first issued, and for transfers.
8. The original Report from the Mines, together with the
Books of the Company, shall be always open to the inspection
of the Shareholders.
9. That all Contracts for Purchases by the Company be for
ready money.
10: A General Meeting of the Shareholders shall be held in
Liverpool, in the month of July, in each year, commencing in
1837, at which a full Report of the Company's affairs shall be
submitted, with a Statement of the Accounts.
11. That at all Meetings of Shareholders, a Proprietor of
five Shares shall have one vote; of ten shares, two votes; of
twenty shares, three votes; of fifty shares, four votes; of one
hundred shares, five votes; and of two hundred shares and up-
wards, six votes.
12. That an Assignment of the Leases will be made to the
Directors, as Trustees of the Company, and that the Share-
holders shall sign a Deed of Settlement.
Application'for Shares to be made to HENRY LUCAS, Secre-
tary, 174, Dale-street, Liverpool.
N.B.—A Plan of the Estate, Sections of the Strata, Speci-
mens of the Iron-stone, a recent Report of the present state of
the Mines, and detailed calculations of the produce and expense
of working the Mines, may be seen at the Offices of the Secre-
tary.