070 THE COLLIERY GUARDIAN November 1?, 1916. COAL, IRON AND ENGINEERING COMPANIES. REPORTS AND DIVIDENDS. Barry Graving Dock and Engineering Company Limited. —The report for year to September 30 states that the net profit, after providing debenture interest and war profits tax, amounts to £20,215, and £29,814 was brought in, making £50,030. The directors recommend a final dividend of 10s. per share on ordinary, free of tax, carrying forward £34,030. Brown (John) and Company Limited.—Interim dividend of 5 per cent., actual, on ordinary. For many years the interim dividend has been per cent., actual. Bullcroft Main Collieries Limited. — The directors have declared a second interim dividend of Is. per share, free of tax. Cargo Fleet Iron and Steel Company Limited.—Owing to special circumstances, the balance-sheet and report will not be ready for presentation at the coming meeting. The directors are satisfied that the company’s profit for year to September 30 allow of the declaration of a dividend of 3 per cent., less tax. With a view towards assuring future supplies of suitable coking coal, the directors have purchased during the year a large interest in the share capital of the Wingate Coal Company Limited. The Cargo Fleet Company is entitled to call on the Wingate Company for its entire output -of coal. Cortonwood Collieries Company Limited. — The directors have paid a further interim dividend of 2J per cent. (6d. per share), free of tax. Fraser and Chalmers Limited.—The report for the year to June 30 states that the profit, after providing for all expenses and depreciation on buildings, plant, and machinery, was £24,668, as compared with £12,058 for the previous year. This profit has been arrived at after making provision for war taxation. The results show a considerable increase over those of the previous year. The dividend of 7| per cent, on the preference shares was paid in July last. The directors have decided to carry forward the balance of profit to the current year, in order to conserve the resources of the com- pany required to provide for the large increase in values of stocks and work in progress. Gwaun-cae-Gurwen Colliery Company Limited. — The directors have declared a final dividend of an actual 17£ per cent., making 20 per cent, for the year. Horden Collieries Limited.—The report for the year ended September 30 states that the output of coal has been rather larger than last year, but the development of the collieries continues to be greatly delayed owing to the war. The greater portion of the coal raised has been supplied at prices limited by the Government, consequently the sales at the high figures otherwise obtainable have affected the average to a limited extent only. The by-product ovens at Shotton Colliery continue to prove most satisfactory, producing low phosphorus coke of excellent quality. The past year was the first complete annual period that they have been in opera- tion, and they have materially increased the profits of the company. Tenders are being taken for the erection of coke ovens at Horden Colliery. The operations for the period, after providing for depreciation, income-tax, and contin- gencies, show a profit of £183,504, to which musit be added balance brought forward from last year, £44,437, making £227,942. The directors have carried to reserve account £30,000, and recommend the payment of a final dividend of 81 per cent., making 12J per cent, for the year. Hornsby (Richard) and Sons Limited.—For year to September 30, a dividend on ordinary at rate of per cent., and a bonus at rate of 3| per cent, per annum, both less tax, payable December 15, carrying forward £43,754. Hyderabad (Deccan) Company Limited. — The directors have declared an interim dividend of Is. per share, less tax. Kerr, Stuart and Company Limited.—For the year ended July 31 net profits were £27,223, and £9,357 was brought forward. Dividends on the ordinary shares, amounting to 12J per cent., free of tax, are proposed, adding to the reserve £7,500, and leaving to be carried forward £10,581. Metropolitan Carriage, Wagon and Finance Company Limited.—Interim dividend at rate of Is. per share on ordi- nary, payable December 1. Rhymney Iron Company Limited. — The directors have declared an interim dividend at rate of 6 per cent, per annum, less tax, on ordinary. Skinner and Holford Limited.—The directors recommend a final dividend of 2s. per share, free of tax, making 3s. per share (15 per cent.) for the past year. South Durham Steel and Iron Company Limited.— Further dividend of 5 per cent., making 10 per cent, for* year to September 30, same as for previous year. South Hetton Coal Company Limited. — The directors announce an interim dividend of 7s. 6d. per share, free of tax, on the ordinary shares. Udston Colliery Company Limited.—The directors recom- mend a dividend of 7J per cent, actual, free of tax, making 12J per cent, for year, writing off £3,750 for depreciation, leaving £9,774 to be carried forward, subject to excess profits duty for the past two years, and contingencies. Yates and Thom Limited.—The directors announce that, in consequence of an adjustment not having been arrived at with the authorities in respect of the proportion of profits payable to the revenue, it is impossible at the present time to issue a correct balance-sheet for the year. The directors, however, feel justified in recommending a. 10 per cent, divi- dend on the ordinary shares. NEW COMPANIES. Andrews (Arthur) and Company Limited. — Private com- pany. Begistered November 6. To acquire business of a coal exporter and coal factor now carried on by A. Andrews at Albion-chambers, Swansea. Nominal capital, £10,000 in 10,000 £1 shares. Directors : A. Andrews, H. E. Lewis, and F. S. Davies. Qualification, £100. Dawson (John) Limited.—Private company. Begistered November 7. To carry on business of engineers, machine makers, iron and brass founders, boiler, tool, etc., makers, engine builders, etc. Nominal capital, £600. Governing director, F. A. Dawson, Bochdale. General Engineering and Export Company Limited.— Private company. Begistered November 7. Nature of busi- ness indicated by title. Nominal capital, £5,000 in 5,000 £1 shares. Directors to be appointed by subscribers. Sub- scribers (one share each): W. C. Gurney and A. T. Freeman. COAL AND COKE EXPORTED FROM PORTS IN ENGLAND, SCOTLAND AND WALES. During the month of October 1916 compared with the corresponding month of 1915. Port. Oct. 1916. Oct. 1915. Coals. Coke. Coals Coke. Coals. Coke. Increase. Decrease. Increase. Decrease. Tons. Tons. Tons. Tons. Tons. Tons. Tons. Tons. Newcastle 308.168 19,434 356,433 23,818 — 48,265 — 4,384 North Shields 48,256 — 15,781 542 32,475 — — 542 South Shields 306,710 19,613 308,897 20,960 — 2,187 — 1,347 Sunderland 177,053 1,759 187,927 ! 802 — 10,874 957 — West Hartlepool 83,197 1,092 64,939 559 18,258 — 533 — Goole 23,807 1,064 56,134 1,128 — 32,327 — 64 Blyth 135,674 667 155,032 801 — 19,358 — 134 Newport 316,161 398 259,364 905 56,797 — — 507 Liverpool 40,881 2,070 21,089 4,601 19,792 — — 2,f31 Methil 69,506 417 111,768 2,329 — 42,262 — 1,912 Glasgow 210,901 2,381 185,159 12,666 25,742 — — 10,285 Kirkcaldy 5,179 — 5,121 — 58 — — — Burntisland 63,736 — 73,573 628 — 9,837 628 Cardiff 1,011,267 3,318 796,314 6,9o9 244,953 — — 3,671 Borrowstoness — — — — — — — — Llanelly 24, <94 — 8,826 — 15,268 — — — Middlesbrough 1,296 5,379 502 1,889 794 — 3,490 — Seaham 38,426 57 60,210 — — 21,784 57 — Swansea 166,879 179 456,656 1,186 — 289,777 — 1,007 Granton 4,872 — 16,612 2,262 — 11,740 — 2,262 Port Talbot 166,120 580 125,423 2,911 40,697 — — 2,331 Alloa —- — — — — — Grangemouth — — — — — — — — Neath — — — — — Hull 95,783 1,096 214,688 8,958 — 118,905 — 7,862 Immingham 1,680 — 1,619 — 61 — — — Amble 17,268 — 17,015 — 253 — — — Troon . 4,936 — 16,7o5 — — 11,769 — — Grimsby 2',610 301 23,315 315 — 1,705 — 14 Ayr 16,463 — 10,891 — 5,572 — — — Gieenock 8.320 — ?,0*0 — 5,240 — — — 1 -eith 98.785 1,326 141,966 2,664 — 43,181 — 1,338 Ardrossan 12,133 — 10,733 2,293 1,400 — — 2,293 Irvine 252 — 1,169 — — 917 — — COAL AND COKE SHIPPED FOR LONDON AND OTHER PORTS IN THE UNITED KINGDOM* Port. 1 Oct. 1915 Oct. 1916. Port. Oct. 1915 Oct. 1916. Coals. | Coke. Coals. | Coke. Coals. | Coke. Coals. | Coke. T< ns. Tons. ' Tons. Tons. Tons. Tons. Tons. Tons. Newcastle 101,175 — 120,350 — Ayr 58,346 — 65,979 — North Shields ... — — 1,400 — Irvine 9,792 — 7,227 — South Shields .. 183,222 — 163,140 — Alloa — — — — Blyth 25,870 — 21,070 — Whitehaven 18,886 — 16,025 — Amble 1,103 — — Liverpool 121,569 760 40,881 2,070 Sunderland 85,< 80 — 77,120 — Grimsby 4,267 — 75,498 210 Seaham 79,715 — 65,510 — Granton 12,020 — 15,160 — Hartlepool 42,700 — 49,510 — Borrowstoness .. — — — — Stockton — 40 — — Burntisland 17,160 —• 560 — Middlesbrough... — 60 — — Kirkcaldy 575 — — Hull 29,738 — 30,055 557 Methil 20,500 — 14,498 — Goole 53,856 — 31,107 — Port Talbot 6,750 — 2,533 — Swansea 14,849 129 7,500 — Glasgow 29,478 632 23,913 1,062 Cardiff 48,310 — 25,659 — Grangemouth ... — — — — Llanelly 1,880 — 2,936 — Greenock 1,318 — 1,164 6 Newport 51,510 — 34,817 70 Immingham — — 140 — Troon 13,521 — 16,259 — Leith 3,909 — 828 37 Ardrossan 21,168 — 22,179 26 Note,—The figures in the above tables do not include Admiralty and certain other shipments. * From Browne's Export List. Kinnard (E. H.) Limited.—Private company. Begistered office, 33, Furnival-street, E.C. Begistered November 3. To carry on business as manufacturers and vendors of gauges, tools of precision engineers, and other business which may be carried on by this company. Nominal capital, £500 in £1 shares. Directors and subscribers (one share each) : E. H. Kinnard and F. E. Spencer. Laboratory Utilities Company Limited.—Private company. Registered November 3. To deal in coal, iron, and other metals, etc. Nominal capital, £500 in 10,000 Is. shares. Directors : W. B. Sifton, W. S. Fitton, and H. Braten. rark Chemical Company Limited. — Private company. Begistered November 4. To purchase or otherwise acquire any mines, mining rights, minerals, and metalliferous land in any part of the world, and to turn same to account. Nominal capital, £500 in 500 £1 shares. Directors and sub- scribers (10 shares each) : J. F. W. Stuart and L. L. Samuels. Qualification, £10. S. Y. S. Engineering Company Limited.—Private com- pany. Begistered November 8. To carry on business of manufacturers of component parts of machinery, implements, aircraft, and munitions of war of all kinds, gas makers, gas, water, and electrical engineers. Nominal capital, £1,200 in 600 £1 6 per cent, cumulative preference shares and 600 £1 ordinary shares. Directors and subscribers (one share each) : A. Yewdall, A. Smith, and M. Sheldon. Qualification, £25. Townmead Engineering Works Limited.—Private com- pany. Begistered office, 25, Victoria-street, Westminster. Begistered November 4. Nature of business indicated by title. Nominal capital, £50,000 in 5,000 £10 shares. First directors : H. J. Buckmaster, J. W. Jenkins, and T. H. Nelson. Qualification, £1,000. Traction Development Limited.—Private company. Begis- tered office, Hampden House, Kingsway, W.C. Begistered November 6. To carry on business of manufacturers of locomotives, traction engines, motors, aeroplanes, etc., and all fittings for aeroplanes of all types. Nominal capital, £30,000 in 10,000 £1 preferred ordinary shares and 20,000 £1 ordinary shares. Directors : R. F. Macfie and H. F. Smalman-Smith. Qualification, one share. 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. Russia and American Coal. — The Russian-American Chamber of Commerce, Moscow, has sent enquiries to America for the names and addresses of the leading coal mining companies in seaboard territory. The information is desired for use in connection with the prospective develop- ment of a market for American coal and coke in Russia. CATALOGUES AND PRICE LISTS RECEIVED. Chicago Pneumatic Tool Company Limited (Fiisher-build- ing, Chicago, and Bridge-street, Westminster).—In a series of bulletins a complete line of pneumatic tools and appliances is detailed and illustrated. The main features are the “ Sim- plate ” air inlet and discharge valves, which have made possible very high compressor speeds and efficiencies. The manufacturers state that these are the only valves of con- centric plate construction obtainable in American-made com- pressors, and that in less than two years 20,000 of them have been in service, with completely satisfactory results. One of the 'bulletin's deals with a new machine — the Class N-SS automatic high-speed steam-driven compresor. The other lineei include fuel oil-driven compressors, power-driven com- pressors (single), electric sensitive drilling stand, and the Duntley electric hammer drill. The last-named is noteworthy on account of the live air device for clearing the hole of cuttings while drilling. John Davis and Son (Derby) Limited (All Saints Works). —So much attention is being directed to the manufacture of British magnetos at the present time that a special interest may be found in some of the newly-listed productions of this company. A great amount of electric blasting apparatus was manufactured and exported by the Germans before the war, but the progress made by our own manufacturers since is sufficient to make us regard the home industry with confi- dence. Of course, excellent British productions have been in vogue all along. The Davis-Derby magneto exploders are familiar to the mining world, and do not call for any com- ment here, beyond a reference to the quality of the exploders. These are usually contained in cast aluminium cases, which, in addition to the merit of lightness, furnish a protection to the internal gearing. All the exploders comply writh the Coal Mines Order, September 1913. The same company issues a 4 pp. leaflet relating to surveying instruments, includ- ing theodolites, dials, levels, and accessories. Cement-Gun Construction Company (914, Michigan-avenue, Chicago).—A leaflet describes Gunite protection for coal bunkers, and while admitting that concrete has proved useful as a lining to preserve steel bunker plates from rust, it con- tends that such linings are porous, heavy, and expensive. An objection is also made to the effect that a good bond between bunker walls and lining is impossible, and that the concrete lining has not sufficient elasticity to follow the deflection of the walls during the changing loads without cracking. There- fore, rust forms between steel and concrete. The use of a thin lining of cement plaster over expanded metal, etc., is dismissed with the remark that such a combination is too porous and weak to be of any value. Gunite is described as a strong and extremely hard concrete shot with a powerful stream of compressed air on the bunker walls, the force of impact establishing a perfect bond. The layer varies from lj to 3 in. in depth, and is said to be strong enough to with- stand the concussion of coal falling over 50 ft.