586

THE COLLIERY GUARDIAN.

March 13, 1914

leave the coal there. He did not approve of that method
himself, believing in the stowing method on rib side
with sand, &c.

Mr. Rhodes thought that the effect would be that
for a certain distance back from the face there would
be a cavity above the fault until they began to get their
top weight on, and that it was perfectly conceivable
there might be a considerable quantity of gas in that
cavity which nobody could get to and which nobody
could know about. With this witness agreed.

Mr. Rhodes also pointed out supposing that they
ventilated five banks on either side of the main intake
as suggested, if the fire were in the banks at the furthest
end it would very easily be dealt with, because they
could reduce the pull of the wind to any extent they
liked ; but if the fire were right back say, supposing in
the ninth gate, they would have all the ventilation
necessary to ventilate back on to that. Witness said
they could shift the intake and have a regulator so as to
allow only what air they wanted on that side.

Sir Arthur Markham said that when those main
intakes were carried up to the face they could not split
the air on the other side.

The Chairman: Do you mean the intake need not
be carried up to the face ?

Sir Arthur Markham : We carry them up to the face
at Bullcroft; we have to. It is not in accordance with
the Act, but we have two main intakes into each district.
Witness said they had them at Bentley, but they were
not worked as double intakes right up to the coal face
always at first, because the bank between the two intakes
was sometimes stagnant. There was a certain amount
of scaling, that it could either go one way or the other
where required.

With regard to his proposed method of working,
witness said that when they started out with a district
and went right and left with 10 stalls each way, then
they could start districts again on each flank. There
would be solid coal left between. He would leave the
width for another district again, and it could be worked
up afterwards. He would work the districts out to the
end of the boundary. He did not think there would be
any danger from the air from the new district drawing
in, setting up something, and going off in the old
district.

Questioned by Sir Arthur Markham as to the with-
drawal of timber, witness said from what he could hear
from the men, the old timber used to lie in the waste
until there was a tram-full, as they called it; but the
goaf would come in and bury it, and it never was got
out. When they put a new gate in they always used to
put an old timber chock, and he would never put that
in in the Doncaster district. He could not say that he
had ever known of a fire in the goaf without finding a
piece of timber. They generally put a timber chock in,
and then the road got lifted. Concrete, he thought, would
be too stubborn. In practical working he did not believe
in stubborn packs at all. The pack ^should not be tied.
It was better filled up with loose material and lifted a
little, so that it would all lower down steadily. In fact,
he believed that timber was also too stubborn.

(To be continued.)

mu moi mb twKimc; c»mies.

Addis (Robert) and Sons’ Collieries Limited.—The
directors intimate that no dividend will be paid on the
ordinary shares in respect of the past year, but the usual
dividend will be paid on the preference shares.

Agricultural Patents Limited.—This private company
has been registered, with a capital of £10,000 in £1 shares,
to carry on the business of ironfounders, mechanical and
electrical engineers, metal workers, manufacturers and
merchants of constructional steel and iron, metal workers,
iron and steel converters, dismautlers of collieries, works,
and other property, and coal, steel, mineral and metal
merchants, &c. First directors : W. G. Baily, W. G. Thorne,
J. A. Pemberton, and W. Wheatley. Registered office,
2, Bridge-street, Guildford, Surrey.

Anglo - Foreign Engineering Offices Limited. — This
private company has been registered, with a capital of
£4,000 in <£1 shares, to carry on the business of civil and
consulting engineers, &c. First directors : G. W. Hamilton,
Mrs. A. M. Clifford, and A. Beger. Registered office, 321,
St. John-street, E.C.

Ashley, Clifton and Co. Limited.—This private company
been registered, with a capital of £3,000 (2,750 ordinary
shares of £1 each, and 5,000 founders’ shares of Is. each), to
carry on the business of general mechanical engineers, iron
and brass founders, machine tool makers, &c. Managing
directors.1 R. W. Ashley, 34, Wilford-road, Nottingham,
and G. Clifton, Glenholme, Wilford, Nottingham.

Atrill (Nathaniel) Limited.—This private company has
been registered, with a capital of £5,000 in £1 shares, to
acquire the business now carried on by N. Atrill, at Chester-
field, under the style of Nathaniel Atrill, and to carry on
the business of factors of and agents for coal, coke, patent
fuel, iron and other mineral ores, &c.; also to enter into
an agreement with N. Atrill. First directors : N. Atrill
(managing director), Tupton, near Chesterfield ; W. H.
Atrill, Queen-street, Chesterfield; E T. Atrill, Tennyson-
avenue, Chesterfield.

Barrow Haematite Steel Company Limited.—The year’s
results show an increase in gross profits of £12,846, there
being a credit balance of £104,663. Interest on debenture
stock absorbs £15,890, depreciation £42,500, amount written
off expenditure on extensions and improvement of works
£10,640, leaving £35,633, to which is added £12,003 brought
forward, making £47,631 available. Two years’ dividends
are paid on the preference shares, clearing off arrears and
bringing the dividend down to date, carrying forward
£15,374.

Bond Engineering Company Limited. — This private
company has been registered, with a capital of £100 in £1
shares, to carry on the business of mechanical, electrical and
general engineers, &c. Governing director, J. E. Bond,
19, Dickinson-street, Manchester.

Brooks and Brooks Collieries Limited.—This private
company has been registered, with a capital of £80,000 in
£10 shares, to carry on the business of colliery proprietors,
ironmasters, steel makers and converters, manufacturers
of coke, briquette and patent fuels, miners, smelters,
engineers, suppliers of power by electricity, tin-plate
makers, ironfounders, coal merchants and metallurgists, &c.;
also to enter into an agreement with the Right Hon. W.
Crawshaw and the Right Hon. Marshal J. Brooks, who are
the first directors. Qualification, £1,000. Registered office,
104, King-street, Manchester.

Canada Iron Corporation Limited.—A meeting of the
first and second bondholders of the Canada Iron Corpora-
tion Limited (in liquidation) was held on Friday to consider
a proposition that a committee be formed to act on the
powers conferred upon them under two trust deeds, dated
November 24, 1908, and February 8, 1911. The proposition
was agreed to. The work of the committee relates to the
future conduct of the corporation’s property.

Cilfrew Colliery Company Limited.—This private com-
pany has been registered, with a capital of £10,000 in £1
shares, to acquire the colliery hereditation, &c., at Cilfrew,
near Neath, Glam., and to carry on the business of coal-
masters and owners, colliery proprietors, miners, cokemakers,
smelters, engineers, ironfounders and patent fuel manufac-
turers, &c., also to enter into an agreement with T. R.
Davies and H. Evans. First directors: T. R. Davies,
Ynisfforch Farm, Seven Sisters, Glam.; H. Evans, Brynteg,
Pontardawe, Glam. ; J. E. Jones, 8, Angel-street, Neath ;
E. Lewis, G-lias, Glam. ; and W. J. Stephenson, Sketty-
road, Swansea.

Deerplay Colliery Company Limited. — This private
company has been registered, with a capital of £15,000 in
£1 shares, to carry on the business of colliery proprietors,
steelmasters and convertors, manufacturers of coke
briquette and patent fuels, miners, smelters, engineers,
suppliers of electrical power, tinplate makers, ironfounders,
coal merchants and metallurgists, &c. ; also to enter into
an agreement with the Right Hon. W. Crawshaw and
Hon. Marshall Jones Brooks, who are the first directors.
Qualification, £1,000. Registered office, 104, King-street,
Manchester.

Edinburgh Collieries Company Limited.—The directors
recommend final dividends for year to January 31, 1914, of
2| per cent, on preference shares, making 5 per cent, for
the year, and 3£ per cent, on ordinary shares, making 6 per
cent, for the year. For previous year, ordinary shares
received 10 per cent.

Fletcher, Russell and Co. Limited.—The report for
1913 states that, after charging depreciation, debenture
interest and fees, the profit amounted to £21,145, making,
with £3,057 brought forward, a total of £24,202. The
directors recommend a dividend of 5 per cent, for the year
on the ordinary shares, also a bonus of 5 per cent., transfer
to reserve fund £6,920, leaving £4,282 to carry forward.

Forth and Clyde and Sunnyside Iron Company
Limited.—Including £2,174 brought forward, profits were
£12,343. Directors recommend dividend of 10 per cent.,
free of tax, on ordinary shares, £3,000 to reserve for
equalisation of dividends, and £2,843 forward.

Glover (W. T.) and Co. Limited—The report for the year
ended December 31 last states that the result of the trading
is a credit balance of £33,795, to which must be added the
balance brought forward of £8,325, making together £42,121.
After deducting directors’ remuneration voted March 1913
£1,000, directors’ expenses during 1913 £20, interest at
4| per cent, on first mortgage debenture stock £4,250,
interest at 5 per cent, on second mortgage debenture stock
£3,800, written off investments £3,603 and appropriation
for payment to trustees of second mortgage debenture
stock £4,000, there remains £25,448, which it is proposed to
deal with as follows:—Payment of dividend on 5 per cent,
cumulative preference shares (£100,000) to December 31,
1913, less income-tax, £4,708, transfer to first mortgage
debenture redemption fund £2,500, payment of dividend on
ordinary shares (£114,850) at the rate of 5 per cent., less
income-tax, £5,407, payment of bonus on ordinary shares at
the rate of 2| per cent., less income-tax, £2,703, transfer to
reserve fund £5,000, leaving to be carried forward £5,128.
After making the above appropriations the redemption fund
for the first mortgage debenture stock will stand at £35,500,
the redemption fund for the second mortgage debenture
stock at £28,000, and the reserve fund at £25,000.

Hadfields Limited.—The report for the year ending last
December shows a profit of £109,512 19s. 10d., to which has
to be added the amount brought forward from 1912, viz.,
£49,455 15s. 2d., thus making a sum of £158,968 15s. An
interim dividend of Is. per share on the ordinary, paid in
August last, absorbed £20,000, and the payment of the
preference dividend £13,500, further reduced the balance to
£125,468 15s. The directors now propose a further dividend
be paid on the ordinary shares of 2s. per share, together
with a bonus of Is. per share, all free of tax. This will
absorb the sum of £60,000, and it is proposed to add £15,000
to the reserve and renewal account, and carry forward the
balance of £50,468 15s. In accordance with the special
resolution passed on March 17, 1913, confirmed on April 2,
1913, and approved by the Board of Trade, the name of the
company has now been changed from Hadfield’s Steel
Foundry Company Limited to Hadfields Limited.

Hale (Thomas L.) Limited.—This private company has
been registered, with a capital of £5,000 in £1 shares (1,000
preference), to acquire the business formerly carried on
by Thomas L. Hale, and to carry on the business of
malleable and general ironfounders, &c.; also to enter
into an agreement with T. L Hale. First directors, T. W.
Hale, T. L. Hale, and W. E. Hale (permanent). Registered
office, Hatherton-street, Walsall, Staffs.

Howell Creek Syndicate Limited.—This private company
has been registered, with a capital of £30,000 in £1 shares,
to carry on the business of owners of coal, iron ore and
other mines, colliery proprietors, coal masters, miners,
smelters, coke and fuel manufacturers, &c.; also to enter
into an agreement with South-east Kootenay (British
Columbia) Limited. Minimum cash subscription, 12,500
shares. First directors, Col. Sir W. S. S. Bisset, W. L. S. L.
Cameron, and A. P. Fachin. Qualification, £100. Remunera-
tion, £150 each per annum (chairman £200). Registered
office, 11, Ironmonger-lane, E.C.

Ibbotson Brothers and Co. Limited.—The directors
announce an interim dividend at the rate of 5 per cent, per
annum, tax free.

Jessop (William) and iSons Limited.—The directors, in
their annual report for the year ended December 1913,
state that, including a balance of £12,561 6s. 4d. brought
from last account, the total amount at the credit of
profit and loss account, after making allowance for depre-
ciation, is £99,904 7s. lid., which the directors recommend
shall be dealt with as follows :—In payment of interest on
debentures and on advanced calls, £4,037 12s. 5d.; final
dividend at the rate of 5| per cent, per annum on the
preference shares, making with the half-year’s dividend
paid in September last, a total distribution of £5,500,
transfer to reserve account, £15,000; renewals and improve-
ments, including new offices, £10,000 ; a final dividend of 6s.
per share on the ordinary shares, making with the interim
dividend paid in September last a total distribution of 8s.
per share, or 10 per cent, for the year, and a bonus of 4s.
per share, free of tax, £46,122; carry forward, £19,244 15s. 6d.
Since the close of the year, the balance of the £50,000 of
the mortgage debentures (which were drawn in June for
repayment) has been repaid.

Lamm and Robson Limited.—This private company has
been registered, with a capital of £1,000 in £1 shares, to
acquire the business of coal merchants, now carried on by
A. B. Lamm, under the style of Sidney, Lamm and Co.
Limited, at Malton, North Riding, Yorks.; also to enter
into an agreement with A. B. Lamm. First directors : A. B.
Lamm and J. W. Robson. Qualification : Railway-street,
Malton, York.

Latex Engineering Company Limited.—This private
company has been registered, with a capital of £10,000 in
£1 shares, to acquire the business of manufacturers of
machinery, now carried on by T. Kenyon and J.-Allcock, at
Manchester-road, Droylsden, Manchester, under the style
of the Latex Engineering Company, and to carry on the
business of engineers, founders and smiths, &c. First
directors T. Kenyon and H. E. Kenyon (managing
director), 881, Ashton New-road, Clayton, Manchester, and
J. Allcock, sen. (outside manager), and J. Allcock, jun.
(works manager), both of 899, Ashton New-road, Clayton,
Manchester.

Legal Insurance Company Limited.—At the sixth annual
general meeting of the shareholders of the Legal Insurance
Company Limited, on Tuesday, at the Law Society’s Hall,
Chancery-lane, W.C., the chairman (Mr. J. Field Beale)
moved the adoption of the reports and accounts. According
to the report, the gross premium income amounted to
£272,588 7s. 4d., and re-insurance premiums to £81,802
16s. lOd. Claims paid and outstanding after recovery
under reinsurances amounted to £106,715 15s. 2d., being
55 9 per cent, of the net premium income. Commission
and expenses of management, including provision for
depreciation of furniture and fittings, amounted to
£76,300 9s. lid., being 40 per cent, of the net premium
income. Subject to unexpired risk, the accounts
showed a balance of £39,977 6s. 3d., and the directors
recommended that this sum should be carried forward
to the next account. The balance, the report went
on, might prove insufficient to meet the unexpired risk in
full, but in proportion to the risk it was larger than last
year, and the funds of the company were amply sufficient to
meet any deficiency there might be. The result of a some-
what difficult year of trading had been that the position of
the company was substantially improved; an expansion of
business had been secured without any addition to the
administration charges, resulting in a lower expense ratio.
The comparatively large increase in the net premium income
was due to the normal growth of the existing connections of
the company and the company retaining at its own risk certain
profitable business hitherto reinsured under a sharing
arrangement. In moving the adoption of the report and
accounts, the chairman stated that last year was the first
time, and he hoped the last, in the history of the company
in which they had finished up the year with a decreased
revenue balance. This year the revenue balance showed a
substantial increase, and though they had not got back to
the “ carry-forward ” of two years ago the position was
considerably stronger and sounder in every way. Accident
business during the year had given the satisfactory
and profitable results to which they had been accus-
tomed in that department. It was in this section
that the rearrangement was made which was referred
to in the report, and consequently the increase of
business in that section was larger’ than in the others.
One of the most satisfactory figures in the expenses was the
item “ expenses of management.” This figure was
actually lower than the comparable figure in last year’s
accounts, in spite of the fact that substantially more busi-
ness has been done. This reduction had been brought
about without loss of efficiency or power of control. It had
only been achieved by a large amount of very careful
detail work undertaken by the management, work which
lasted throughout the year, and, in fact, if they had gone
all through the year, with expenses running at the rate
they showed in December, the figure would have been
substantially lower for the year. Mr. John S. Follett,
J.P., (deputy chairman) seconded the adoption of the
report and balance - sheet. The report and accounts
having been approved, and the re-election of four retiring
directors and the reappointment of the auditors having
been agreed to, a vote of thanks to the chairman was voiced
by Mr. Coles, who admired the able way he had dealt with
the difficult problem of building up an insurance company.
—Mr. Millner seconding, offered a word of praise also to the
excellent staff. The carrying of the vote and the response
of the chairman closed the meeting.

Lincoln Wagon and Engine Company Limited.—The
directors, in presenting the accounts for the year ended
February 1 last, state that the balance of the profit and loss
account, including the sum brought forward from last year,
is £28,298 15s., and they recommend that this amount be
apportioned as follows :—The payment on August 29 last of
the interim dividend at the rate of £6 10s. per cent., £5,850;
payment of a further dividend at the rate of £7 10s. per
cent., making £14 per cent, for the year and payable on the
paid-up capital of the company, free of tax, £6,750; reserve
fund, £9,000 ; carry forward. £6,698 15s. The reserve fund,
with the above addition, will amount to £135,000.

Midland Electric Corporation for Power Distribution
Limited.—The accounts for the year ended December 31
last show that the balance to credit of profit and loss
account, after payment of debenture interest, is £16,919
(as against £12,843 the previous year), which the board
recommend be applied as follows:—Final payment of