1036 THE COLLIERY GUARDIAN. May 14, 1915. COAL, IRON AND ENGINEERING COMPANIES. REPORTS AND DIVIDENDS. Arauco Company Limited. — The gross profits, for 1914 amounted to £60,831. The amount at the credit of revenue account for the year, after charging the 'service of the deben- ture stocks and income debentures, is £21,791, making, with £24,046 brought forward, £45,838. The interim divi- dend paid on October 15 last of 3 per cent, required £14,334, leaving £31,503. The directors recommend a distribution of 4 per cent, on the issued share capital, making, with the 3 per cent, interim dividend paid in October 1914, 7 per cent, for the year (the total dividend paid being in respect to the railway earnings 3 per cent., and the colliery earn- ings 4 per cent.). There then remains £12,931 to carry forward. The gross railway traffic for the year amounted to £85,915, the net receipts being £31,036. The net profits of the mines for the year were £35,964. The output of coal has been 126,926 tons, and the sales 122,704 tons. British South African Explosives Company Limited.— Dividend at the rate of 7J per cent., less income-tax, for the financial year ended October 31, 1914. Broxburn Oil Company Limited. — Including £8,079 brought forward, the year’s profits amount to £30,331. The directors recommend that £16,227 be written off as deprecia- tion, the dividend paid on the preference shares, and the balance of £8,103 carried forward. Callenders Cable and Construction Company Limited.— The report for 1914 shows a balance at the credit of profit and loss of £98,692, which, with the amount brought in of £124,591, makes £223,283. After allowing for interest on debenture stock, dividend on preference shares, depreciation of buildings, plant and machinery £9,967, and depreciation of office furniture £396, it is proposed to pay a dividend on the ordinary shares at the rate of 10 per cent, per annum, less income-tax, being 10s. per share, whereof 5s. was paid on November 2, 1914, and 5s. will be paid on the 21st inst., together' with a bonus of 5s. per share, less income- tax, carrying forward £163,169. Canada Iron Corporation Limited. — The committee of first bondholders have issued a circular, in which they state that, in view of the delay which has taken place in the re-organisation proceedings, they deem it advisable to set forth the course of events to date. The consent of the first and second bondholders, together with that of the unsecured creditors, was obtained to the scheme of re-constitution brought forward last year, but as regards the secured creditors it was necessary to conduct negotiations individu- ally, and these were only completed a short time ago. A charter has now been obtained from the Dominion Govern- ment for the formation of a new undertaking, to be known as the Canadian Iron Foundries Limited, and the bye-laws, together with the trust deeds for the “A” and “ B ” deben- ture stock, are being drawn up. It is expected, however, that a period of about three months will elapse before these documents have reached their final stage. In the mean- time it is intended to apply to the Canadian Courts for leave to transfer the assets to the new company, which will then be in a position to take over the property. , The pro- visional arrangements made before the war for the subscrip- tion of the new “A” stock will still hold good, unless any unforeseen circumstances arise. The progress of the business up to the outbreak of the war last August was satisfactory, and the foundries were earning a profit of approximately 15,000 dols. per month. Since then, how- ever, trade has fallen off greatly, and the output has been reduced, and earnings* have naturally declined accordingly. The committee regard the outlook hopefully. Carlton Main Colliery Company Limited.—A final divi- dend of 15 per cent, is announced for the year ended March 31. Chinese Engineering and Mining Company Limited.— The directors announce an interim dividend of 5 per cent. (Is. per share), free of income-tax. Elders Collieries Limited. — It is announced that the Board of Trade have now sanctioned a change in the name of the above company, and in the future these collieries will be known by the title of Celtic Collieries Limited. Hyderabad (Deccan) Company Limited. — The directors recommend a dividend of 9d. per £3 share, making Is. 6d. for the year 1914, carrying forward £24,447, as against £17,171 at the close of 1913. Iron Trades Employers’ Insurance Association Limited. —The directors, in submitting their report and statement of accounts for the year ending December 31, 1914, state that the premium income was £306,095, which, with £14,780 dividends and interest on invested funds, makes the total receipts £320,875. The amount paid and provided in respect of compensation and incidental expenses during the same period was £228,940, being 75 per cent, of the premium income. After setting aside £185,000 for outstanding claims, there is a balance on revenue account of £78,132, from which the ^directors have transferred £30,000 to reserve fund, £13,500 to the investment reserve fund, £200 to office furniture account. It is proposed to pay a bonus of 10 per cent, among the present members entitled thereto, and to add the sum of £1,000 to the staff benevolent fund. Locket’s Merthyr Collieries (1895) Limited.—The report states that, after payment of debenture interest, trustees’ and directors’ fees, the revenue account shows a balance (including £8,000 transferred from, the reserve), of £14,229 2s. 6d. The directors recommend the usual divi- dends on the preference shares, and 10 per cent, on the ordinary. Lysaght (John) Limited.—The accounts for the year 1914 show that, after providing for depreciation and bad debts, the total profits of all the branches of the business at home and abroad, including income on investments, and interest on balances and deposits, amount to £313,707. This profit is about £17,000 less than that for the previous year, the falling off being due to the restriction of business during the last five months of the year after the outbreak of the war. Some orders were received from the War Office and Admiralty for sheet iron and constructional work, but these formed an unimportant proportion of the whole output. After making provision for interest on debenture stock, and divi- dends on 6 per cent, preference shares, there remains, including the amount brought forward, a disposable balance of £712,440. It is proposed to pay a dividend of 10 per cent, and a bonus of 3s. per share on the ordinary shares, together equal to 25 per cent., or the same rate as for the previous year; also to place £50,000 to reserve (raising it to £700,000) and £30,000 to steel works redemption account. It is further proposed to place to workmen’s provident and war payments fund, to be at the disposal of the directors, COAL AND COKE SHIPPED FOR LONDON AND OTHER PORTS IN THE UNITED KINGDOM?4 Port. April 1914. April 1915 Port. April 1914. April 1915. Coals. Coke. Coals, i Coke. Coals. Coke. Coals. Coke. Tons. Tons. Tons. Tons. Tons. Tons. Tons. Tons. Newcastle 360,035 105 110,975 | _25 Ayr 63,531 — 81,838 285 North Shields ... — — i 25,300- Irvine 6,483 — 4,320 — South Shields ... — — ! 152,800 350 Alloa .... 1,554 — — — Bly th 41,525 — 1 25,240 — Whitehaven 18,226 — 17,256 — Amble 9,840 — 900 — Liverpool 124,888 227c 170pf 103,443 260 Sunderland 103,810 — i 86,480 — Grimsby 1,272 — — . — Seaham 80,156 — I 77,670 . —. Granton 33,795 — 7,998 1 — Hartlepool 55,507 — 1 33,690 — Borrowstoness .. 22,569 — — Stockton — 50 ( — Burntisland 37,190 — 18,200 i — Middlesbrough... — 100 -— ! 55 Kirkcaldy 3,982 — 2,100 j — - Hull 37,242 500 I 54,046 l — Methil 32,217 — 15,660 1 — Goole 44,969 — 88,524 — Port Talbot 6,467 604 11,881 1 — Swansea 31,366 — 20,162 — Glasgow 44,475 478 — 1 Cardiff 244,184 410 i 46,834 80 Grangemouth .. 13,815 400 — Llanelly 8,678 — 4,690 — Greenock 1,536 — 3,448 — Newport 64,354 30 54.038 — Immingham 9,790 — 1,360 — Troon 18,961 — 11,685 | — Leith 6,956 — 2,325 Ardrossan 5,640 — 14,954 — COAL AND COKE EXPORTED FROM PORTS IN ENGLAND, SCOTLAND AND WALES. During the month of April 1915, compared with the corresponding month of 1914.* Port. Apiil 1915. April 1914. Coals. Coke. Coals Cole. Coals. Coke. Increase. Deer ase. Increase. Decrease. Tons. Tons. Tons. Tons. Tons. Tons. Tons. Tons. Newcastle 237,102 15,412 817,740 23.076 — 580,638 7,664 North Shields 96,191 1.000 89,673 | 608 6,518 — 392 South Shields 353,240 7,772 146,710 I 1,691 206,530 — 6,081 — Sunderland 107,649 587 201,656 1 965 — 94,007 — 378 West Hartlepool 66,849 559 91.537 202 — 24,688 : 357 — Goole 40,359 1,011 26,251 3,360 14,108 I 1 — 2,349 Blyth 156,717 1,179 264,074 731 — 107,257 J 448 — Newport 244,351 595 341,343 863 — 96,992 268 Liverpool 26,353 107 28,708 678 — 2,355 ! — 571 Methil 113,645 533 222,711 471 j i 1 109,066 | 62 — Glasgow 223,499 2,485 179,200 1,168 | 44,299 — 1 1,317 — Kirkcaldy 7.580 — 6,269 ! 1,311 — ! Burntisland 100,451 34 150,474 397 | - 50,023 1 — 363 Cardiff 958,664 8,139 1,527,596 4,533 | i “ 568,932 | 3,606 — Borrowstoness — — 26,102 365 26,102 y 365 Llanelly 10,148 — 22,992 — 1 12,844 1 — — Middlesbrough 5,664 2,293 1,088 3,758 4,576 — 1,465 Seaham 40,080 — 90,583 — i 1 — 50,503 — — Swansea 305,655 732 206,851 408 1 98,804 324 — Granton 18,540 624 10,647 507 7,893 — 117 — Port I’albot 143,946 4,005 122,921 622 21,025 — 3,383 — A linn. — 12,551 — — 12,551 — — Grangemouth —- — 96,447 8,807 — 96,447 — 8,807 Neath — — — —- — — — — Hull 234,085 1,189 69,168 474 - 164,917 — 715 Immingham 67,120 55,048 254 12,072 — 254 Amble 28,971 — 34,625 — 5,654 —- — Troon 11,637 1 — 3,814 . — 7,823 — — — Grimsby 33,993 152 50,259 469 — 16,266 — ] : 317 Ayr . 17,484 5,464 — 12,020 — —. — Greenock ... . 2,900 2,900 Leith 93,706 3,995 142,833 — — 49,127 3,995 — Ardrossan 10,865 4,151 — 6,714 — — — Stockton — — — — — — — Note— The figures in the above tables do not include Admiralty and certain other shipments. * From Browne’s Export List. the sum of £25,000, the large increase being made to provide for extra allowances in connection with the war. A balance of £507,440 will then remain to be carried forward, subject to income-tax and directors’ fees, against a net balance of £448,443 brought in. San Salvador Spanish Iron Ore Company Limited.—The directors announce the issue to proprietors, in the pro rata proportion of one share in 10, of 8,000 20 per cent, preference shares. Scottish Australian Mining Company Limited.—Sales of coal for the half-year ended December 31, 1914, amounted to 142,841 tons. The company’s foreign trade has suffered considerably, but its inter-State trade has shown improve- ment, and the total output has therefore been well main- tained. Some contracts made before the war have been very unfavourably affected by the enormous rise in freights, and the profits have been seriously reduced. Profit, includ- ing £4,820 brought forward, £8,114; dividend for the half- year at the rate of 2} per cent, per annum, less income-tax; forward, £4,989. Western Dominion Collieries Limited.—The report for the year to April 30, 1914, states that, after allowing for depreciation of plant and machinery, etc., the net income is £2,498. NEW COMPANIES. File and Engineering Supply Company Limited.—Private company. Registered May 6. To acquire business carried on at Dronfield, Derbyshire, as the British File, Tool, and Engineering Company, and to manufacture and sell files, rasps, saws, hammers, bolts, and nuts, etc. Nominal capital, £2,000 in £1 shares. Directors and subscribers (one share each) :—A. J. Zursen, 917, Chesterfield-road, Sheffield, engineer; N. W. Dearnley, Wadsley-lane, Shef- field, engineer. Qualification of directors, £250. Jubb (W. H.) Limited .—Private company. Registered office, 29, Norfolk-lane, Sheffield. Registered May 1. To acquire business carried on at 29, Norfolk-lane, Sheffield, as W. H. Jubb, and to carry on business of model engi- neers, model designers, mechanical, electrical, and gas engineers, machinery and tool makers, etc. Nominal capital, £1,000 in £1 shares. Directors and subscribers (one share each) :—Wm. H. Jubb, 29, Norfolk-lane, Sheffield, engineer; Maggie Jubb, 912, Eccleshall-road, Sheffield, married woman. Qualification of directors, £50. Mount Torlesse Collieries (Broken River, N.Z.) Limited. —Registered May 4. To enter into an agreement with the Broken River (New Zealand) Coal Miners Limited for the acquiring of certain mining claims in the provincial dis- trict of Canterbury, New Zealand. To carry on business of miners, smelters, engineers, colliery proprietors, brick, tile, and pipe makers, etc. Nominal capital, £100,000 in £1 shares. Minimum subscription, seven shares. The first directors shall be appointed by subscribers. Until directors are appointed the first two subscribers shall be deemed to be directors. William John Cloudesley, West End Chambers, Hereford-street, Christchurch, New Zealand, shall have the right at any time within one year of the registration of the company to become a director on his giving written notice in that behalf. Subscribers (one share each) :—C. P. Winterton, 556, Salisbury House, London Wall, E.C., merchant; Chas. Merrick, of same address, secretary to public company; W. J. Cloudesley, of same address, gentleman; T. V. Oxley, 44, Woodland-gardens, Highgate, gentleman; and three others. “ Perfecta ” Boiler Circulator Limited.—Private com- pany. Registered office, 25, Victoria-street, Westminster. Registered May 5. Ironfounders, mechanical engineers, manufacturers of machinery and tools, builders, electrical engineers, and to acquire benefit of certain inventions in relation to improvements in the circulation of fluids in boilers. Nominal capital, £2,000 in 1,000 £1 10 per cent, cumulative preference shares, and 1,000 £1 ordinary shares. Directors :—P. O. Ayers, 25, Victoria-street, S.W.; R. T. Marshall, 20, Cullum - street, E.C. Qualification of directors, £100. This list of new companies is taken from the Daily Register specially compiled by Messrs. Jordan and Sons Limited, company registration agents, Chancery-lane, E.C. In 1913, 2,880,960 tons of coal were imported by Rouen, as against 2,257,287 tons in 1912. The supply of coal in the district wras made up as follows :— 1912. 1913. Tons. Tons. British coal............. 2,031,465 ... 2,762,721 German coal ............... 225,822 ... 119,239 French and Belgian coal.. 561,251 ... 345,251 In 1910, 245,961 tons of German coal were imported. The imports at St. Malo and St. Servan amounted to 382,051 tons, as against 326,204 tons. A good deal of patent fuel is used in private houses in this district, over 11,000 tons of pitch being imported by St. Malo in 1913. At Nantes the quantity of coal imported in 1913 was 627,317 tons, as com- pared with 598,688 tons in 1912; the import of German coal was less active, and may be computed at 50,000 tons. At St. Nazaire, however, 222,530 tons of German coal were imported, most of which was consumed by the Usines Metallurgiques de la Basse-Loire at Trignac; the total import of fuel and pitch was 1,120,890 tons, against 1,037,000 tons in 1912. British coal imported through the ports of Lorient and Hennebout in 1913 amounted to 233,111 tons, showing an increase of 98,180 tons over 1912. The increase was due to the extension of the large trading companies of the district, which now deliver coal as far as Brest and Nantes.