July 16, 1915.

_____________________________________________________________________________________________________________________________________________________________

THE COLLIERY GUARDIAN.

133

Wear to Bayonne, 1,850, 19s. 6d.; Caen, 1,000, 14s.;
Buenos Ayres, 3,800, 28s.; Rochefort, 1,500, 19s.; 1,600,
18s. 3d.; London, 1,200, 7s. 6d.

Newport and Swansea to Marseilles, 2,800, 25| fr.

Immingham to London, 750, 7s. 6d.

Blyth to Archangel, 3,000, 20s.; Caen, 770, 13s. 9d.;
London, 1,250, 7s. 7jd.

Hull to Rouen, 1,500, 15s. 6d.; 2,100, 15s.; 1,600, 15s. 3d.;
Alexandria, 3,200, 24s. 3d.; London, 1,350, 7s. 6d.; Korsoer,
1,400, 15s.

Clyde to Rouen, 1,300, 16s. 6d.

Hartlepool to London, 1,700, 7s. 6d.; Bordeaux, 2,000, 20s.

Troon to Genoa, 22s.

Goole to Boulogne, 500, 13s. 6d.

Port Talbot to Trouville, Ils. 9d.; La Rochelle, 2,150,
15 fr.; Rouen, 1,600, 13s. 6d.

Grimsby to London, 1,800, 7s.

Fife Port to Rouen, 1,250, 15s. 6d.

Wales to Algiers, 4,300, 23 fr.; direct port Chili, sail, 35s.,
coke.

___________________________

THE HULL COAL TRADE.

According to the official returns compiled by the Hull
Corporation’s coal inspector, Mr. W. Herbert Truman,
378,113 tons of coal were imported into Hull from the
collieries during June—357,814 tons by rail and 20,299 tons
by water—as compared with 611,878 tons in June 1914.
This brings the total for the half-year just closed to
2,375,946 tons, as against 3,123,583 tons in the corresponding
period of 1914, and 4,041,649 tons in the first half of 1913.
The following table shows the quantities consigned in 1915
and 1914 from the principal collieries :—

January to June.

Name of Colliery. <------------K--------

1915.	1914.

Allerton By water ........ 51,410 ... 52,770
Allerton Main (Bowers) ... 20,242 ...	9,229

' Aldwarke Main .......... 39,412 ... 50,497

Ackton Hall .............. 47,574 ... 21,649
Askern Main.............. 30,866 ... 27,934
Birley ................... 21,923 ... 16,260
Bestwood ................	9,395	...	10,731

Brods worth .............. 99,786 ... 130,258
Barrow...................	4,351	...	17,503

Bentley .................. 101,125 ... 145,792
Bullcroft.................. 124,132 ... 168,775
Cortonwood .............. 23,357 ... 21,941
Carlton Main, Grimethorpe

and Frickley............ 170,380 ... 258,163
Clay Cross................	4,767	...	13,584

Dalton Main................... 67,891	...	68,480

Denaby and Cadeby Main ... 319,542 ... 422,578
Darfield Main ............ 11,527 ... 11,818
Dinnington .............. 35,162 ... 69,655
Elsecar ................. 51,794 ... 61,406
Glapwell................. 19,410 ... 43,622
Garforth.................. 28,746 ... 39,245
Glass Houghton .......... 70,811 ... 106,113
Houghton Main .......... 25,364 ... 33,931
Hodroyd................. 10,766 ... 11,629
Hardwick __................ 13,464	...	24,169

Hickleton ................ 59,967 .. 84,937
Kilnhurst and Thrybergh ... 23,583 ... 37,809
KivetonPark ............ 25,703 ... 21,816
Kirkby................... 14,865 ...	978

Lofthouse ................ 11,841 ...	6,868

Low Laithe .............. 31,511 ... 32,875
Langwith ................	1,326	...	15,977

Manvers Main ............ 61,187 ... 110,941
Mitchell Main ............ 52,235 ... 41,005
Monkton Main.........................	,8,998 ... 10,717

Monk Bretton ............ 11,421 ... 16,380
Manners.................. 10,759 ...	2,736

Maltby................... 21,999 ... 36,262
Mansfield ................ 16,943 ... 32,562
NewHucknall............ 27,929 ...	7,457

New Sharlston................... 11,516	...	16,452

Prince of Wales' Castle ... 20,070 ... 46,670
Peckfield ................ 27,233 ... 52,967
Ruff ord .................. 13,710 ...	904

Rothervale .............. 24,175 ... 22,786
Staveley.................	7,225	...	22,403

Shireoaks ................ 11,181 ... 10,985
St. John's (Locke's) _______ 12,435 ...	7,134

South Kirkby, Featherstone

and Hemsworth ......... 22,370 ... 99,957
Sherwood ................ 10,277 ... 16,500
Thorncliff e .............. 40,514 ... 34,624
Wharncliffe Silkstone ..... 30,639 ... 28,280
West Riding and Silkstone... 21,310 ... 34,472
Wombwell Main .......... 19,596 ... 52,312
Whitwood ................ 42,112 ... 55,153
Wheldale and Fryston..... 34,059 ... 57,956
Yorkshire Main .......... 16,646 ... 26,550

Coastwise shipments from Hull during June reached
57,985 tons, compared with 76,070 tons in June 1914, and
the total for the half-year was 347,313 tons, as against
397,687 tons last year and 554,037 tons in 1913. Exports in
June amounted to 124,649 tons, compared with 469,266 tons
last year; and the aggregate for the six months was
1,107,765 tons, against 1,601,694 tons in the first six months
of 1914, and 2,132,890 tons in the first six months of 1913.

The Denaby and Cadeby Main Company were again the
largest shippers in June with 55,846 tons. Other collieries
contributing over 10,000 tons are as follow in order of
aggregate: — Carlton Main, Grimthorpe and Frickley,
Bentley, Bullcroft, Brods worth, Mitchell Main, Dalton
Main, Glass Houghton and South Kirkby, Featherstone and
Hemsworth.

____________________________

Turkestan Coal.—In a description of the mineral wealth of
the Turkestan district, appearing in a Russian official paper,
it is observed that the Schtutskaya area is especially rich in
coal. There are coal mines in existence in the district, such
as the Schtutskaya mines of the Nevlyansky Company, and
the Bauer mines; and there are parts, too, where the seams
outcrop, and the coal is used locally. At the moment the coal
is mined and sent in small quantities on to Samarkand; but
the cost of transport raises the price to such an extent that,
delivered at Samarkand, it amounts to 40-50 copecks per
pood, whilst at the point of production it amounts to no more
than 9 to 15 copecks per pood. Information available shows
the possibility of organising an important coal industry in
the Serapshifi district. The Schtutskaya mine of the
Nevlyansky Company yielded 137,000 poods of coal in the
year 1913, the Bauer mines 90,000 poods, and the Bara-
schevsky and the Turkestansky companies’ mines yielded
10,000 to 11,000 poods of coal. The price of coal at the mines
even in the dearest years does not exceed 35 copecks per
pood; but varies between 9 and 15 copecks on an average.

COAL, IRON AND ENGINEERING COMPANIES.
REPORTS AND DIVIDENDS.

Argentine Iron and Steel Company (Pedro Vasena e
Hijos) Limited.—The report for the year ended February 28,
1915, states that the special resolutions for reduction of
capital, which were passed and confirmed in July of last
year, were duly submitted to and sanctioned by the court.
The business of the company, which from the commence-
ment of the year had been somewhat restricted by the general
depression in the Argentine, was further diminished by the
dislocation of trade and credit consequent upon the war. The
floating debt, which in last year’s balance-sheet stood at the
high figure of £243,158, was steadily and continuously
reduced, so that, on February 28 last it had been brought
down to £105,815, resulting in a considerable saving in bank
charges and interest. Since that date the floating debt has
been still further reduced. The directors have applied the
amount provided by the reduction of capital as follows :—
In writing down stock, £100,000; writing off discount on
debentures, preliminary expenses, and the expenses of the
scheme for reduction of capital, £46,536; writing down good-
will, £40,000; writing off bad debts and reserving against
further possible losses in this respect, £53,555. The profit
and loss account shows a trading profit of £102,191. From
this must be deducted managers’ salaries, amortisation of
debentures, and further depreciation, £20,530; interest on
debentures, directors’ and local board’s fees, London charges,
etc. (less transfer fees), £24,490; leaving a balance of £57,170.
From this it is proposed to transfer to reserve for contin-
gencies £27,170, leaving a balance of £30,000, which the
directors recommend should be applied in paying the fixed
cumulative dividend of 6 per cent, on the preference shares
for the year ended February 28, 1915. In view, however, of
the abnormal circumstances prevailing, and the desirability
of still further reducing the floating debt, it is proposed to
pay the dividend as to 3 per cent, on July 31, 1915, and as
to the remaining 3 per cent, later on as found convenient.
In pursuance of the provisions of the trust deed, debentures
to the amount of £10,600 were drawn for redemption in
August and February last.

Avery (W. and T.) Limited.—The report of the directors
for the year ended March 31 states that after allowing
£9,027 0s. lid. for depreciation, and including £9,996 17s. Id.
brought forward from last year, the balance of revenue account
is £47,680 2s. 7d. From this amount has to be deducted :
Interest on debentures £3,010, interest on debenture stock
£4,115 12s. 6d.; interim dividend for half-year to Sept. 30,
1914 (paid October 1, 1914) on the 5 per cent. “A” preference
shares, less income-tax, £2,925 16s. 5d.; interim dividend for
half-year to September 30, 1914 (paid October 1, 1914) on 5|
per cent “ B ” preference shares, less income-tax,
£1,768 Ils. 9d.; interim dividend for half-year to Sept. 30,
1914 (paid January 1, 1915) at the rate of 5 per cent, per
annum on the ordinary shares, free of income-tax, £3,586 10s.;
total, £15,406 10s. 8d.; leaving a disposable surplus of
£32,273 Ils. lid. The directors recommend that this sum
should be dealt with as follows :—Dividend on the 5 per cent.
“A” preference shares for the half-year ended March 31,
already paid, £2,795 15s. 8d.: dividend on the 5| per cent.
“ B ” preference shares for the half-year ended March 31,
alreadv paid, £1,689 19s. lOd.; to pay on the ordinary shares
a dividend for the half-year ended March 31 at the rate of
17 per cent, (less income-tax), making with the interim divi-
dend 11 per cent, for the year, £11,177 18s. 6d.; to place to
reserve (which will then stand at £77,000), £7,000; to carry
forward to the next account £9,609 17s. lid.

British Hydraulic Foundry Company Limited.—Interim
dividend of 5s. per share, free of income-tax.

Brymbo Steel Company Limited.—The report for the year
ended March 31 shows a loss, after meeting interest on loans
and debentures, etc., of £5,919, thus converting a credit
balance brought forward into a debit of £4.989, which sum
has been written off the reserve for renewals, reducing that
fund to £10,481. No dividend has been paid on any of the
shares for the period under review.

Canadian Explosives Limited.—A dividend of If per cent,
has been declared on the 7 per cent, cumulative preferred
shares for the quarter ended June 30.

Consolidated Cambrian Limited. — The directors have
declared interim dividends for the half-year ended June 30,
1915, at the rate of 6 per cent, per annum on the preference
shares, and at the rate of 10 per cent, per annum on the
ordinary shares, less income-tax, payable on the 27th inst.

East Indian Coal Company Limited.—The directors recom-
mend the payment of a dividend of 8 per cent., less income-
tax, for the half-year ended April 30.

Fraser and Chalmers Limited.—The directors have declared
an interim dividend of 7| per cent, on the preference shares,
less income-tax.

Furness, Withy and Company Limited.—The report for
the year ended April 30, 1915, states that the profits, includ-
ing the balance brought forward, amount to £806,195. After
charging directors’ fees and income-tax, there remains a sum
of £784,876, or an increase over the previous year of £32,927.
The usual half-yearly dividend on the preference shares was
paid on November 1, 1914, and three quarterly dividends on
the ordinary shares at 10 per cent, per annum, free of income-
tax, have also been distributed, leaving an available balance
of £599,724. The directors have transferred £350,000 to
depreciation account, have inaugurated, with a sum of
£15,000, a superannuation fund for the benefit of the
employees in the various offices of the company, and have
appropriated a sum of £10,000 for division among the masters,
officers, and engineers of the fleet as a recognition of the
extra strain and vigilance necessary in consequence of the
war. The directors have paid a final quarterly dividend on
ordinary shares at 10 per cent, per annum, free of income-tax,
leaving'to be carried forward £141,446. The directors applied
for £50,000 of the War Loan issued in November last. On
the issue of the new Loan in June they subscribed for a
further £150,000, at the same time availing themselves of
the rights of conversion in respect to their previous sub-
scription. This makes a total investment of £200.000, which,
together with the amounts applied for by associated and
subsidiary companies, represents a total subscription of
£550,000 to the new War Loan.

Great Western Colliery Company Limited.—An interim
dividend of 5s. per share on the fully-paid, and 3s. per share
on the partly-paid ordinary shares of class “ B ” for the
half-year ended June 30 last.

Hill (Richard) and Company (1899) Limited. — The
directors have decided to make up the next accounts for the
15 months to September 30, 1915. The next dividend on the

preference shares will be paid in November for nine months,
and will thereafter be payable in May and November.

Lochgelly Iron and Coal Company Limited. — Including
£22,084 brought forward, the profits amount to £59,693. The
directors recommend a final dividend of 25s. per share, less
tax, on the ordinary shares, making 35s. per share for the
year, and leaving £24,839 to be carried forward.

Metropolitan Coal Company of Sydney Limited. — The
report for the year ended March 31, 1915, states that the
output of coal from the mine for the 12 months was 212,562
tons (160,733 large and 51,829 small), as against 208,693
tons for the previous year. The result of the year’s working,
after payment of debenture interest and other charges, and
deducting £3;000 for depreciation of buildings and plant,
shows a profit of £13,681. Adding to this the sum of £15,133
at credit of last year’s revenue account, there remains a
balance of £28,815. The directors propose to pay a dividend
of 8 per cent, on the cumulative first preference shares, which
will absorb £2,288, and a dividend of 5 per cent, on the 10
per cent, cumulative second preference shares, which will
absorb £4,952, carrying forward £21,574. The shareholders
were informed on April 20 last that the exploration of the
fault towards the west of the shaft had resulted in the dis-
covery of the continuity of the Bulli seam, which the com-
pany is at present working. More recent advices from
Sydney indicate that the new find, as far as it has been
opened up, is of excellent quality, easily workable. Mean-
time an expert report has been obtained, and is on its way
from Sydney, as to the best manner in which the seam can
be worked, and the probable cost.

New Explosives Company Limited.—The directors have
declared a dividend of 6 per cent. (Is. 2|d. per share), free
of income-tax, for the past year, writing off £8,532 for
depreciation.

Stone (J.) and Company Limited.—The net profits for
1914 were £108,926, and £125,162 was brought forward. A
dividend of 10 per cent., and a bonus of 3s. per share (15 per
cent.) are proposed on the ordinary shares, adding £20,000
to the reserve (raising that fund to £165,000), and leaving
£189,039 to be carried forward.

Vulcan Motor and Engineering Company Limited.—The
directors of the company, whose financial year does not end
until September 30, have declared a bonus of 10 per cent,
actual on the ordinary shares.

NEW COMPANIES.

Ashburnham Tin-Plate Company Limited.—Private com-
pany. Registered office, Burry Port, Carmarthenshire.
Registered July 8. To acquire and carry on the business of
manufacturers of iron, steel, tin, terne, and black-plates and
other articles of similar nature, heretofore carried on as
Thomas Bowen and Company, at the Ashburnham Tin-Plate
Works, Burry Port; and to enter into an agreement.
Nominal capital, £30,000 in 600 £50 shares. Directors :—
J. Thomas, Velindre, Kidwelly, Carmarthenshire, tin-plate
manufacturer; W. J. Rees, Uplands, Llanelly, Carmarthen-
shire, engineer; 0. L. Harries, Bloomfield, Sketty, Glamor-
ganshire, shipowner; D. Williams, Box House, Llanelly,
Carmarthenshire, mining engineer; F. J. Rees, Brookhurst,
Llanelly, Carmarthenshire, secretary. Qualification of
directors other than last two (who are directors appointed by
the Llanelly Steel Company), £1,000.

Birmingham Central Supply Company Limited.—Private
company. Registered July 6. To acquire the business of
merchants, factors, manufacturers, agents, exporters, and
general engineers now carried on as the Central Supply Com-
pany, at 84a, Tilton-road, Small Heath, Birmingham; also
to carry on business of manufacturers and dealers in elec-
trical apparatus, machinery, hardware, telephone, chemical,
and scientific apparatus, etc. Nominal capital, £2,000 in
2,000 £1 shares. Director, W. Parsons Oriel, Warwick-
road, Olton, Birmingham, merchant.

Clayton Motors Limited.—Private company. Registered
July 4. To carry on business of electrical, mechanical, and
hydraulic engineers, manufacturers of boilers, engines,
motor-cars, motor-cycles, aeroplanes, machinery, tools, fire
extinguishers, etc. Nominal capital, £10,000 in 5,000 £1
cumulative preference shares, and 5,000 £1 ordinary shares.
Directors :—A. V. Clayton, 5-7, Dover-street, W., consulting
engineer; H. Alexander, 5, Carlton-road, Harrogate, engi-
neer; W. S. Vint (no address given).

Farr (J.) and Company Limited.—Private company. Regis-
tered July 7. To enter into an agreement with J. Farr
(trading as J. Farr and Company) for the purchase by the
company of the business of an electrical engineer and dealer in
electrical goods of all descriptions, now carried on by him at
Upper Parliament-street, Nottingham; also to carry on the
said business. Nominal capital, £1,500 in 1,500 £1 shares.
Directors :—Governing director, J. Farr, Bestwood House,
Carisbrooke-drive, Nottingham; Margaret A. Farr, same
address, wife of above.

Goodwin (E.), Limited.—Private company. Registered
office, 17, Wild-street, Great Queen-street, Kingsway, W.C.
Registered July 6. To enter into an agreement and to carry
on business of contractors, coal and coke merchants, etc.
Nominal capital, £1,000 in 1,000 £1 shares. Directors :—
G. Barrett, 11, Betterton-street, Holborn, W.C.., builder;
J. L. Davies, 6, Cambridge-street, St. Pancras, N.W., coal
and coke merchant; R. Goodwin and R. Goodwin, both of
17, Wild-street, Great Queen-street, Kingsway, W.C., coal
and coke merchants.

Hargreaves (James) and Sons (Leeds) Limited.—Private
company. Registered office, Crown Head Wharf, The Calls,
Leeds. Registered July 9. To acquire and carry on the
business of coal, coke, and lime merchants, now carried on
by James Hargreaves and Thos. Hargreaves the younger, at
The Calls, Leeds, and to enter into an agreement. Nominal
capital, £25,000 in 2,500 £10 ordinary shares. Governing
directors :—J. Hargreaves, Hope House, Harrogate-road,
Leeds, coal factor; T. Hargreaves the younger, Norman-
hurst, Lidgett-lane, Leeds, coal factor.

Hopkin and Williams (Travancore) Limited. — Private
company. Registered office. 16, Cross-street, Hatton Garden,
W.C. Registered July 6. To acquire by purchase, or other-
wise, any lands, mines, mineral, and other properties, and to
prospect for, "work and develop gold, lead, tin, wolfram,
silver, copper, coal, iron, and other mines; also to carry on
business of factors, agents, contractors, manufacturers of
and dealers in goods and merchandise of all kinds. Nominal
capital, £60,000 in 20,000 £1 preference shares, 40,000 £1
ordinary shares. Directors :—D. Howard, A. G. Howard,
D. L. Howard, G. E. Howard, B. F. Howard, E. White,
16, Cross-street, Hatton Garden, W.C., manufacturing
chemist.