332 THE COLLIERY GUARDIAN. February 18, 1916. COAL, IROSI AND ENGINEERING COMPANIES. COAL AND COKE EXPORTED FROM PORTS IN ENGLAND, SCOTLAND AND WALES. REPORTS AND DIVIDENDS. Astley and Tyldesley Collieries Limited. — The directors recommend dividends, free of tax, of 12s. fid. on the fully- paid (£10) shares, and 10s. on the part-paid (£8) ordinary- shares. With the interim dividends, which were at the same rate, this makes 121 per cent, for the year, as against 15 per cent, for 1914. A sum of £5,000 is placed to the reserve, and £8,713 is carried forward, as against £7,074 brought in. Consolidation Coal Company Limited.—A quarterly divi- dend of 11 per cent, has been declared. Cortenwood Collieries Company Limited.—The directors have paid a dividend of 2| per cent., less tax. Crossley Brothers Limited.—The report for the year ended December 31 last, states that the amount to the credit of revenue account is £99,015, out of which a dividend has been paid on the preference shares at the rate of 5 per cent, per annum, and on the ordinary shares at the rate of 4 per cent, per annum for the first half of the year, amounting to £21,491. It is proposed to pay a further dividend for the second half of the year at the rate of 5 per cent, per annum on the preference shares, and at the rate of 6 per cent, per annum on the ordinary shares (making 5 per cent, for the year), amounting to £27,194; to place £20,000 to the reserve fund; and to carry forward the balance of £30,330 to next account. This is the first dividend on the ordinary shares since 1911, when 4 per cent, was paid. Dalmellington Iron Company Limited.—Interim dividend of 5s. per share, free of tax, on the ordinary (£5) shares. Dunlop (James) and Company Limited.—The gross profit for the past year was £07,418, the net being £62,627, to which is added £3,525 brought forward. After providing for preference dividend, and £22,000 for depreciation, the distribution on the ordinary shares is at the rate of 6 per cent, per annum, and £11,152 is carried forward. Fernhill Collieries Limited.—The directors have declared an interim dividend on the preference shares for. the half- year ended December 31, 1915, at the rate of 7 per cent, per annum'’, less income-tax. France (Wm.) Fenwick and Company Limited. — The report for the year ended December 31 last states that the trading profit amounts to £221,668. After providing for debenture interest, sinking fund, managing directors’ remuneration, fees to directors and trustees for debenture holders, there remains to be dealt with (including £6,597 brought forward) a balance of £185,729. The sum of £70,000 is appropriated to reserve account, a further £70,000 to a special reserve for contingencies arising out of the war, and £8,250 is' applied in payment of preference share divi- dend for the year. An interim dividend of 5 per cent, on the ordinary shares was paid on September 1. The directors now recommend payment of a final dividend on the ordinary shares of 5 per cent., and a bonus of 10 per cent., making in all 20 per cent, for the year. These distributions will absorb £30,000, and leave the sum of £7,478 to be carried forward. Insoles Limited.—The directors announce interim divi- dends of 6 per cent, on the preference, and 10 per cent, per annum on the ordinary shares. Leeds Forgo Company Limited.—The trading profits for the past year were £60,989, and £15,277 was brought for- ward. Debenture interest absorbs £6,508, and a dividend, of 10 per cent., free of income-tax, is proposed on the ordi- nary shares, writing off £30,000 for depreciation, applying £2,500 for the board’s remuneration, and carrying forward £10,491. Marbella Iron Ore Company Limited. — The directors recommend a dividend of 2s. per share, carrying forward £4,194. Mather and Platt Limited.—The directors recommend a dividend of 9J per cent, actual on the ordinary shares, making 12J per cent, for the year. Natal Navigation Collieries and Estate Company Limited. —The report for the year ended June 30, 1915, states that the capital expenditure during the year amounted to £30,174, an excess over the previous year of £19,861. The balance of cash assets over liabilities was £109,542. Total output (in long tons) amounted to 282,283. There is a decrease in cash assets of £12,550, notwithstanding that there was a decrease in the dividends paid during the year of £5,162. The decrease has been due mainly to loss of output during the second half of the year. Since June 30 last much more satis- factory outputs have been secured. The amount of profit transferred to profit and loss account was £47,588, as against £45,602 last year on an output of 310,479 tons. The large amount of £16,553 has been written off for depreciation, owing to the decreasing value of the assets. This brings the • total written eff for depreciation for the last eight years to £101,951, leaving the book value of the assets at £84,766. National Boiler and General Insurance Company Limited. —The directors have brought the dividend for 1915 up to 30 per cent., less tax. New Sharlston Collieries Company Limited.—The report of the directors for the year ended December 31 last states that out of the gross profit on the profit and loss account, provi- sion must be made for the heavy taxation in prospect owing to the war, and the directors also consider that provision should be made for depreciation of investments. The directors therefore propose that the balance of the profit and loss account, £30,858, and the balance from 1914, £2,269, making a total of £33,127, be disposed of as follows :—To depreciation, £3,000; to reserve for taxes and investments, £15,000; to a final dividend of 15s. per share, less income- tax, £8,661, which, with the interim dividend of 5s. per share, less income-tax, paid in August, £2,887, makes 5 per cent, for the year, £11,548; leaving to be carried forward £3,579. Normanby Iron Works Company Limited.—The directors have declared an interim dividend of 6 per cent, per annum on both the preference and the ordinary shares. North Central Wagon Company Limited.—Interim divi- dend at the rate of 13 per cent, per annum, less income-tax, has been declared. Powell Duffryn Steam Coal Company Limited. — The directors recommend the following dividends for the half-year ending December 31, 1915, viz. : At the rate of 6 per cent, per annum upon the preference shares, less income-tax ; 10’ per cent, on the ordinary shares, free of income-tax, making. 20 per cent, for the year. During the month of January 1916 compared with the corresponding month of 1915. Port. January 1916. January 1915. Coals. Coke. Coals Cile. Coals. Coke. Increase. Deer ase. Increase. Decrease. Tons. Tons. Tons. Tons. Tons. Tons. Tons. Tons. Newcas'le 315,197 28,321 255,385 17,137 59,812 — 11,187 — North Shields 18,623 649 14,625 3,280 3.998 — — 2,631 South Shields 268,208 20,796 241,231 2,250 26,977 — 18,546 — Sunderland 174,399 5,395 109,109 5,817 65/290 — — 422, West Hartlepool 85,512 450 72,725 399 12,787 — 51 — Goole 43,383 516 34,629 1,951 8,754 — — 1,435 Bly th 162,072 1,514 181,236 967 — 19,164 547 — Newport 269,859 1,994 345,494 1,447 — 75,639 . 547 — Liverpool .. 10,532 128 21,382 2,419 — 10,850 — 2,291 Methil 95,067 1,342 82,971 838 12,096 — 504 — Glasgow 136,386 12,002 225,307 3,389 — 88,921 8,613 — Kirkcaldy 1.833 — 2,558 121 — 725 — 121 Burntisland 73,742 2,279 50,795 732 22,947 — 1,547 — Cardiff 896,334 8,967 1,053,780 7,814 — 157,446 1,123 — Borrowstoness ■ — — — • — — — — — Llanelly 6,255 —. 10,714 201 4,459 2C1 Middlesbrough 1,495 1,651 •— — 156 Seaham 57,011 428 22,371 —■ 34,670 — 428 — .Swansea 243,022 2,181 276,958 519 — 33,936 1,662 — Granton 3,800 1,014 11,884 749 — 8,084 265 — Port Talbot 167,188 1,101 — — 167,188 — 1,101 — Alloa - — Grangemouth — — — — — — — — Neath — — — — — — — Hull .. 107,458 9,300 190,366 4,931 — 82,908 4,369 — Immingham 3,677 — 73,031 418 — 69,354 — 418 Amble 19,361 — 27.479 — — 8,118 — — Troon 761 — 2,361 31 —- 1,600 — 31 Grimsby 24,986 101 51.647 1,480 — 26,661 — 1,379 Ayr 16,883 — 3,948 — 12,935 — — — Greenock 2,273 — 1,500 —- 773 — — — Leith 57,136 479 77,167 681 •— 20,031 — 202 Ardrossan 16,797 2,687 10,347 1,863 6,450 — 824 — Irvine 1,517 — — — 1,517 — — — COAL AND COKE SHIPPED FOR LONDON AND OTHER PORTS IN THE UNITED KINGDOM.* Port. January 1915 January 1916. Port. January 1915 January 1916. Coals. Coke. Coals. Coke. Coals. Coke. Coals. | Coke. Tens. Tons. I Tons. Tons. Tons. Tons. Tons. Tons. Newcastle 98,594 150 ) 103,590 — Ayr 58,425 60 51,441 25 ■ North Shields ... 30,360 — 3,264 — Irvine 4,500 70 1,386 — South Shields ... 119,070 — 190,160 — Alloa — — — — Bly th 36,070 — 32,240 — Whitehaven 15,255 — 17,800 — Amble 4,050 — 3,195 — Liverpool 129,241 885 97,996 780 Sunderland 105,495 — 93,160 — Grimsby — — 4,280 — Seaham 80,860 — 77,7.-0 — Granton 9,730 — — 1,200 Hartlepool 33,700 — 40,140 — Borrowstoness — — — — Stockton — — — — Burntisland 4,100 — 14,900 — Middlesbrough... — 60 — 16 Kirkcaldy 1,199 — 1,833 — ■ Hull 63,006 517 17,330 536 Methil 17,900 — 15,730 — ■ Goole 95,629 — 47,036 — Port Talbot .... — — 834 — Swansea 12,085 — 16,059 — Glasgow — — 18,197 684 Cardiff 53,996 161 45,326 — Grangemouth — — — - — Llanelly 2,645 — 1,450 — Greenock 1,240 — 2,273 — Newport i 60,525 — 37,720 — Immingham 2,000 — 1,630 — Troon 9,961 — 8,228 — Leith 776 11 :— — Ardrossan 8,089 — 14,630 — Note.—The figures in the above tables do not include Admiralty and certain other shipments. # From Browne’s Export List. South Hetton Coal Company Limited. — The directors recommend a further dividend of 7s. 6d. per share, free of income-tax, on the ordinary shares, making 12s. fid. per share for the past year, carrying forward £23,838. United Collieries Limited.—Notice is given that the sum of £25,000 is available for the redemption of the first debentures A ” and B,” as to four-fifths in the redemption of first debentures “ A,” and as to one-fifth in the redemption of first debentures “ B,” and tenders are called for at any price not exceeding £115 per cent. NEW COMPANIES. Bathgate (Archibald) and Sons Limited.—Private com- pany. Registered February 11. To acquire and carry on business of coal and coke merchants, shippers, and agents now carried on by A. and J. Bathgate at Liverpool as Archi- bald Bathgate and Sons, and acquire shares in colliery, coal, railway, and shipping companies. Nominal capital, £30,000 in 25,000 £.1 ordinary shares, and 5,000 £1 non-cumulative preference shares. First permanent directors and subscribers (one share each) : A. Bathgate and J. Bathgate. Bloxham Ironstone Company Limited.—Private company. Registered office, 115, Colmore-row, Birmingham. Regis- tered February 10. Nature of business indicated by title. Nominal capital, £6,00-5 in 6,000 £1 shares, and 100 Is. .shares. Subscribers (one share each) : T. J. Bowles and W. Eacott. Bowser (F. S.) and Company Incorporated.—Public com- pany. Registered office, 32, Victoria-street, S.W. Regis- tered February 9. For the organisation of a manufacturing and mining company, and the sale of oil tanks, wash boards, and such articles manufactured in connection therewith. Nominal capital, 75,000 dots, in 15,000 shares of 50 dots. each. Directors : S. F. Bowser, A. A. Bowser, and A. L. Polhamus. Farwig (J. F.) and Company Limited.—Private company. Registered February 10. To carry on business of manufac- turers of articles composed of, or workers in, iron, steel, tin, brass, and other metals, smiths, mechanical engineers, etc. Nominal capital, £25,000 in 25,000 £1 shares. First per- manent directors : A. G. Tomlinson, S. H. Tomlinson, and A. Forsyth'. .. Forth Shipbuilding and Engineering Company Limited.— Private company. Registered February 7.’ Nature of busi- ness indicated by title. Nominal capital, £100,000 in 100,000 £1 shares. Subscribers (one share each) : G. Paget Walford and L. H. G. Walford. Harrison Brothers (England) Limited.—Private company. Registered February 5.. To acquire business carried on by Harrison Brothers at the Atlas Foundry, Middlesbrough, and carry on business of manufacturers and dealers in all kinds, of machinery and appliances for quarrying, winning, crush-, ing of granite, coal, iron, stool, etc,, and carry on business of engineers. Nominal capital, £6,000 in 6,000 £1 shares. First directors : A. Edwards, managing director, and A. C. Cronk. Kimber Coal Company Limited.—Private company. Regis- tered February 8. Nature of business indicated by title. Nominal capital, £3,000 in 3,000 £1 ordinary shares. Sub- scribers (one share each) : J. Kimber and E. Kimber. Peck (C. A.) and Company Limited.—Private company. Registered office, 2, Cleethorpe-road, Great Grimsby. Regis- tered February 5. To acquire, take over, and carry on business of coal exporters and timber importers carried on by G. A. Peck , and others at above address as C. A. Peck and Company, coal merchants, coal shippers, etc. Nominal capital, £20,000 in 2,0.00 £10 shares. First permanent directors and subscribers (one share each) : C. A. Peck and E. W. Nickerson. Qualification of directors, £1,000. Railway Brick Works Colliery Company Limited.—Private company. Registered February 8. Nature of business indi- cated by title. Nominal capital, £250 in 250 £1 shares. Subscribers (one share each) : G. A. Sadler and B. J. Sadler. Robinson and Collins Limited.—Private company. Regis- tered office, 39a, Keens-road, Croydon. Registered Feb. 7.. To acquire, take over, and carry on business now carried on at Croydon as the Royle Engineering Company, and carry on business of engineers and manufacturers of agricultural implements, tool makers, brass founders, metal workers, and boiler makers,' electrical, water supply, and gas engineers. Nominal capital, £5,000 in 5,000 £1 ordinary shares. First directors and subscribers (one share each) : H. W. Robinson and D. G. Collins. Qualification of directors, £1,500. Scott Electrical Company Limited. — Registered office, National Bank Chambers/ Queens-square, Wolverhampton. Registered. February 9. Nature of business indicated by title. Nominal capital, £100,000 in 100,000 £1 shares. First directors to be appointed by subscribers. Qualification' of directors, £500. Minimum subscription. 25,000 shares. Remuneration of directors, managing director £50 per annum, and an additional £50 for chairman. Subscribers (one share each) : J. Varley, R. H. Johnston, P. Smith, and F. H. Pepper. Topping..Brothers Limited.—Private company. Registered February 8. To acquire, take over,’ and carry on business of boiler makers, engineers, machinists, and brokers, now carried on- at Gibbons-street, • Bradford, Manchester, as Topping Brothers ; and carry on any other business in con- nection therewith. Nominal capital, £2,000 in 2,000 £1 shares. First directors: T. Horrocks (governing director), W. Topping, and T. Jackson. 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