498

THE COLLIERY GUARDIAN.

March 8, 1918.

COAL, IRON AND ENGINEERING COMPANIES.
REPORTS AND DIVIDENDS.

Bolckow, Vaughan and Company Limited.—The directors
have decided to pay an interim dividend of 4 per cent., less
tax, on the ordinary shares.

British Insulated and Helsby Cables Limited. — The
directors announce a final dividend of 7| per cent., together
with a bonus of 10 per cent., making 25 per cent, for the
year, against 20 per cent, for 1916.

Dominion Steel Corporation. — The directors have
declared a dividend at the rate of 1^ per cent, on the
common shares.

Great Western Colliery Company Limited.—The directors
recommend a dividend of Is. per share on preference shares
(class “ A ”), and of 2s. per share on ordinary shares (class
“ B less tax, making 15 per cent, for 1917.

Jessop (William) and Sons Limited. — The directors
recommend a further dividend on ordinary of 10s. per
share, making 15 per cent, for the year, free of tax, the
same as a year ago.

Lincoln Wagon and Engine Company Limited.—Includ-
ing £10,407 brought forward, there is £32,044 available
(against £30,447). The interim dividend was 7 per cent.,
and a further dividend at the same rate, with a bonus of
2 per cent, added, is recommended, £10,000 being put to
the reserve, which will then be £172,000, and £11,244
carried forward. Last year 16 per cent, was paid, and
£9,000 put to the reserve.

Manvers Main Collieries Limited. — The directors have
declared a dividend of Is. per share on ordinary, payable
March 28.

Mining Corporation of Canada. — Dividend and bonus
amounting to 25c. per share for the three months ending
March 31.

Natal Navigation Collieries and Estate Company
Limited. — The report for the year ended June 30 last
states that capital expenditure at £11,337 decreased
£22,791. Cash liabilities are £116,262, against £91,007;
cash assets £264,364, against £205,978; leaving a balance
of cash assets over liabilities of £148,103, against £114,971.
Total output (tons of 2,2401b.) was 344,667, against
352,432 tons. For income and excess profits tax £30,000
has been provisionally allowed. Depreciation receives
£17,795, against £15,528, bringing the total for 10 years
to £135,274. Cash on hand, on fixed deposits, and on
loan, apart from more permanent investments in War
Loans and new properties, is £75,952. Work on the com-
pany’s new colliery, Dumbe Mountain, Paulpietersburg, is
well advanced. The board considered that in opening up
at once they would obtain the advantage of increased
prices to compensate for the heavier expenditure. It is
hoped to have an output early this year, provided
machinery required from oversea, and which is now ready
and waiting shipment, arrives in time. In acquiring the
mineral rights over Makatees Kop, the company decided to
combine into one enterprise this and the Dumbe Mountain
lease, and both properties have been transferred to a new
company registered under the name of the Northern Natal
Navigation Collieries Limited. Net profit, excluding
£98,552 brought in, amounted to £106,668, making
£205,219 available. Dividends amounting to 7| per cent,
for the year were declared, and this and allocations men-
tioned above left £125,874 to be carried forward.

North British Locomotive Company Limited. — The
directors recommend a dividend of 8 per cent, for the
past year.

Pearson and Knowles Coal and Iron Company Limited.—
The directors have declared an interim dividend of 3| per
cent, for the past half-year.

Penrikyber Navigation Colliery Company Limited.—The
report for the year ended December 31 last states that the
profit, after providing for excess profits duty and coal
mines excess payments, amounts to £32,556, which added
to £26,329 brought forward, makes a total of £58,886. The
directors recommend a dividend of 7^ per cent, on the
ordinary shares, making 15 per cent, for the year, leaving
£21,396 to be carried forward.

Scottish Iron and Steel Company Limited.—The directors
have declared a final dividend of 3^ per cent., making 6
per cent, for the past year. The ordinary shares received
4 per cent, for 1916, and the dividends for three years were
paid on the preference shares out of the profits for 1915.

Shelton Iron and Coal Company Limited.—The directors
have declared a further interim dividend of Is. per share,
less tax, on 'account of the year ended December 31.

Watson (John) and Company Limited.—The directors
have declared a dividend on the ordinary shares of 10 per
cent, for the year, and also a bonus of 2s. per share. For
the previous year the ordinary shares received 10 per cent,
and 4s. per share bonus.

Workington Iron and Steel Company Limited. — The
directors have declared an interim dividend on the ordinary
shares at the rate of 10 per cent, per annum (5 per cent,
actual) for the half-year ended December 31 last, payable
April 1, less tax at 5s. in the £.

NEW COMPANIES.

Ballard (F. J.) and Company Limited.—Private com-
pany. Registered February 27. To carry on the business
of iron founders, mechanical engineers, etc. Nominal
capital, £10,000 in £1 shares. Director, F. J. Ballard
(Netherton).

Bryngrugos Colliery Company Limited. — Private com-
pany. Registered March 1. To carry on the business of
colliery and mine owners, etc. Nominal capital, £10,000
in £1 shares. Director, G. H. Cound (Port Talbot). Quali-
fication of directors, £500.

Cooke and Hopkins Limited.—Private company. Regis-
tered office, 33a, Morville-street, Birmingham. Registered
February 28. To carry on the business of tinning, plating,
polishing, stripping, and lacquering metals of all kinds,
etc. Nominal capital, £1,000 in £1 shares. Subscribers :
E. H. Hopkins and J. B. Perkins.

Express Engineering Works Limited.—Private company.
Registered office, 7, Great St. Helens, E.C. 3. Registered
February 26. Nature of business indicated by title.
Nominal capital, £10,000 in £1 shares. Qualification of
directors, £1. Subscribers: R. R. Shankland and A. W.
Cunard.

Harvey (E. W.) Gas Furnace Company Limited.—
Private company. Registered February 26. Nature of
business indicated by title. Nominal capital, £8,000 in £1
shares. Director, E. W. Murray (Wimbledon). Qualifica-
tion of directors, 500 shares.

High-Speed Tool Manufacturing Company Limited.—
Private company. Registered office, 14/16, Shaftesbury -
road, Acton. Registered February 23. Nature of busi-

ness indicated by title. Nominal capital, £3,000 in £1
shares. Directors: J. R. Woods (Acton) and one other.

Lloyd (Richard) and Company Limited.—Private com
pany. Registered February 28. To carry on the business
of a merchant, manufacturer, and patentee, and exporters
and importers of machine and hand tools, etc. Nominal
capital, £55,000 in £1 shares. Directors : W. Shaw
(Edgbaston), J. A. Shaw, W. H. Sanders, and two others.
Qualification of directors, £2,000.

Oil Fuels Economizer Development Syndicate Limited.—
Private company. Registered office, Moorgate Hall, Fins-
bury Pavement, E.C. Registered February 28. To pur-
chase or otherwise acquire letters patent, brevets d’inven-
tion, concessions, etc. Nominal capital, £10,000 in 9,500
10 per cent. £1 cumulative participating preference shares
and 10,000 Is. ordinary shares. Directors shall be
appointed by the subscribers.

Rowell, Longhurst and Company Limited.—Private com-
pany. Registered office, 14, Howick-place, Westminster.
Registered February 26. To carry on the business of iron
and brass founders, constructional and mechanical engi-
neers, etc. Nominal capital, £3,500 in 3,500 £1 shares, of
which 3,000 are preference shares and 500 are ordinary
shares. Directors : J. B. Rowell, W. T. E. Barker, and
three others. Qualification of directors, 100 shares,

Sedgley Hall Colliery Company Limited.—Private com-
pany. Registered February 27. Nature of business indi-
cated by title. Nominal capital, £25,000 in £1 shares.
Qualification of directors, 100 shares. Subscribers (one
share) : W. C. Gurney, J. Camp.

United British Mineral Oil Company Limited.—Regis-
tered February 27. Nature of business indicated by title.
Nominal capital, £157,000 in £1 ordinary shares. Mini-
mum subscription to precede allotment, seven shares.
Directors shall be appointed by the subscribers. Remuner-
ation of directors, £100 per annum. Subscribers: R.
Watson (Sunningdale), J. C. Inglis, and H. W. Benjamin.

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.

THE FREIGHT MARKET.

The week’s volume of outward chartering is about on a
par with that for the previous week. On the north-east
coast, Swedish rates are rather weaker, business having
been done for Gothenburg at from 155 kr. to 160 kr., as
against from 155 kr. to 162^ kr. a week ago; and Stockholm
at 165 kr., as from 162^ kr. to 170 kr., Tyne loading in each
instance. The Spanish Mediterranean is very firm, a fix-
ture for Tees loading to Malaga being announced at 440s.
Business in all other neutral directions has been totally
neglected, because of the paucity of neutral, shipping.
Nearly all the fixtures recorded at South Wales are for
Allied destination at fixed figures, the only exceptions
being Dakar, fixed for at 90s. 9d. for a cargo of patent
fuel, and Huelva, done at 420s. Here, again, there is any
number of orders for neutral ports circulating, but the
shortage of tonnage prevents the transaction of business.

Homewards, the River Plate is steady, with 200s. quoted
for United Kingdom, and 20 dols. for United States dis-
charge. At the United States, coal freights from Virginia
to the Plate are unaltered at about 125s. On net form
basis, Northern Range to French Atlantic is firm, at 260s.,
with 330s. for the French Mediterranean, and 360s. for
West Italy. Mediterranean and Bay ore ports are offering
firm figures for suitable tonnage for the United Kingdom.

Tyne to Gothenburg, 1,900, 155 kr.; 1,900, 160 kr.;
Stockholm, 1,300, 165 kr.; and Treport, 700, 46s., coke.

Cardiff to Brest, 4,000, 48s., neutral; Caen, 900, 48s.,
neutral; Havre, 4,650, 21s. 6d., Allied; Rouen, 1,400 and
1,500, 48s. 9d., neutral; St. Malo, 900, 22s., Allied; 1,150,
21s., Allied; and Treguier, 150, 90s., sail.

Wear to Rouen, 1,780, 53s. 3d., neutral.

Swansea to Caen, 1,100, 1,400, and 1,450, 46s. 6d.,
neutral; 600, 700, and 800, 48s., neutral; Trouville, 850,
48s., neutral; Rouen, 1,300, 48s. 9d., neutral; and Hon-
fleur or Trouville, 750, 48s., neutral.

Bristol Channel to Huelva, 3,000, 420s.

Tees to Malaga, 3,400, 440s.

Cardiff, option Port Talbot, to Dakar, 1,200, 90s. 9d.,
patent fuel.

Later. — The following additional fixtures have been
arranged :—

Tyne to Gothenburg, 2,100, 155 kr.

Cardiff to Caen, 600, 48s., neutral; Dakar, 1,100,
90s. 9d., patent fuel; and Rouen, 1,300, 48s. 9d., neutral.

GOVERNMENT PUBLICATIONS.

*** Any of the following publications may be obtained
on application at this office at the price named post free.

Colonial Reports (Annual) : (No. 951), Barbados, Report
for 1916-17, price lid.; (No. 953), St. Vincent, Report for
1916-17, price lid.; (No. 954), Uganda, Report for 1917,
price lid. (London : Published by H.M. Stationery
Office).

PUBLICATIONS RECEIVED.

“ Lockwood’s Builder’s and Contractor’s Price Book for
1918 ” (edited by R. Stephen Ayling) (London: Crosby
Lockwood and Son, 7, Stationers’ Hall-court, Ludgate-
hill, E.C. 4), price 4s. net; “The Journal of the
Institute of Metals ” (Vol. 18), 1917 (edited by G.
Shaw Scott, M.Sc., secretary) (London: Published by
the Institute of Metals, 36, Victoria-street, Westminster,
S.W. 1), price 21s. net; “ The Institution of Mining and
Metallurgy—Bulletin No. 161”; “Transactions of the
Mining Institute of Scotland ” (Vol. 40, Part 3), Dec.
1917 (London : Published at the offices of the Institution,
Albany Buildings, 39, Victoria-street, S.W. 1); “ The
Journal of the Chemical, Metallurgical and Mining
Society of South Africa ” (Vol. 18, No. 6), December
1917), single copies 3s.; “Bulletin of the American
Institute of Mining Engineers ” (No. 134), February
1918; “The Naturalist” (No. 734), March 1918
(London : A. Brown and Sons Limited, 5, Farringdon-
avenue, E.C. 4); “ Industrial Management—The Engi-
neering Magazine ” (Vol. 55, No. 2), February 1918,
price 25c.; “ Journal of the American Peat Society
(Incorporated)” (Vol. 11, No. 1), January 1918, single
numbers 1^ dols.; United States Department of Com-
merce—Technologic Paper of the Bureau of Standards
(No. 80), “ Constitution and Microstructure of Porce-
lain,” by A. A. Klein (issued December 1916).

ABSTRACTS OF PATENT SPECIFICATIONS
RECENTLY ACCEPTED.

111883. Treatment of Refuse Liquors from, Coke Oven
and Gas Works. S. N. Wellington, 62, London Wall,
London, E.C. ; and S. B. Etherton, 75, Granville-street,
Barnsley. — This invention relates to the treatment of
refuse liquors from coke oven and gas works, and especi-
ally the refuse liquors from coke oven and gas works,
generally known as “ devil ” liquors, and waste liquors
containing a considerable quantity of obnoxious substances,
such as sulphocyanides, pyridine bases, hydrocarbons,
chloride of lime, calcium sulphate, and sulphides in solu-
tion, which are difficult of disposal. According to this
invention, the refuse liquors are passed into a gas pro-
ducer for total destruction, and incidentally form a useful
contribution to the supply of fuel gas therefrom. Such
liquors are collected and stored within a tank made of suit-
able material adapted to resist corrosion, and mounted at
such an elevation that the liquor may under gravity flow
into a gas producer whereby it may be converted into
steam and gases. The “ devil ” or waste liquors are
advantageously first mixed or treated with fresh lime
before use to increase the yield of ammonia therefrom.
The refuse liquors are thus utilised, and contribute to the
utility of the producer, and thus a waste product is dis-
posed of in a useful way. (Two claims.)

111910. Improvements Relating to Multiple Strand Silent
Chains. Hans Renold Limited, Hans Renold, and A. E.
Carter, Burnage Works, Didsbury, Manchester.—This
invention relates to multiple strand silent chains, and it
has for its object to provide an improved form of chain
having certain advantages, particularly in regard to lubri-
cation, as compared with known chains of this type. Fig. 3
shows a plan view and fig. 4 a section on the line C—D,
illustrating one form of construction. In this case silent
chain links g are used slotted only to receive segmental
bushes or liners f on to which they are threaded. In the
example shown, in order that the chain may have a balanced
arrangement with equal numbers of gearing links in each
pitch, block units are made up, having, in some cases,
three links g connected by a pair of liners /, and in other
cases two links so connected. In the one pitch then, there
are two block units each having three gearing links, while
in the next pitch there are three block units each having
two gearing links g. Any other suitable arrangement may
be adopted, however. The liners / are preferably formed
of steel of the precise thickness required, shaped to the

9
c-

correct curvature by a cylindrical punch corresponding in
curvature to the studs d on which the liners are to bear
when in use. The links g are then slotted in the known
manner to receive the segmental liners, and are made up
into block units by forcing liners into the links so as
leave the links spaced apart on the liners in the manner
shown. The spaces between the links of each block unit
give free access for lubrication to the studs d where they
are exposed, and the lubricant is thus well distributed
over the whole length of each stud at ail times, provided
that the chain is kept adequately supplied with lubricant
in any suitable manner. The block units are easy to
assemble, and as there is no overlapping of the liners
it is always easy to take out and replace a damaged unit
at any time if required. Owing to the accuracy with
which the liners can be formed, and to the fact that they
require no machining, the block units are found to be
very true in pitch, so that there is very little wear or
extension in the bedding down of the chain when it is
first put into operation, and it should have a long, effective
life. (Two claims.)

111916. Improvements in the Manufacture of Steel.
Sir W. G. Armstrong, Whitworth and Company Limited
and W. C. Rowden, Elswick Works, Newcastle-upon-Tyne.
—This invention relates to improvements in the manufac-
ture of steel, and has for its object to reduce the quantity
of pig iron used to the lowest possible limit, and also to
obviate the necessity of using Swedish and other very
high-class pig irons. In the manufacture of steel in which
a moderate percentage of sulphur and phosphorus is per-
mitted, according to this invention, steel scrap is melted
together with carbonaceous matter containing as low a
percentage of sulphur as possible in an open-hearth acid
furnace. The resulting steel is cast in ingot or other
moulds, and is ready for use. When the percentage of
sulphur and phosphorus is required to be as low as possible,
as in the case of steel to be used for the manufacture of
ordnance, steel scrap is melted together with carbonaceous
matter, and preferably also fluorspar, limestone, or similar
substances of a basic nature, in an open-hearth basic fur-
nace. The steel thus obtained is either poured into ingot
moulds and then again melted with the addition of pig
iron or carbonaceous matter in an open-hearth acid fur-
nace, or the steel may be poured in a fluid state into an
open-hearth acid or basic furnace, pig iron, scrap steel,
or carbonaceous matter being added as required. (Three
claims.)

111922. Improvements in Driving Belts, etc. H.
Brammer, 51, Woodside-avenue, Burley, Leeds. — This
invention relates to improvements in chain work or link
work composed of a series of lengths or strands of threaded
or jointed together links made from waste or other pieces
of leather or other flexible and non-metallic material. The
link work or chain work is applicable for various purposes,
such as, for example, driving belts for machinery, dog
leashes and other articles having a square or polygonal
cross section, all of which are hereinafter termed and