456

THE COLLIERY GUARDIAN.

February 28, 1913

10 per cent, for the year), together with a bonus of 10 per
cent, for the 12 months on the ordinary shares, absorbing
£30,127, be paid, less income tax); that .£15,000 be written
off for depreciation, £>5,000 off investments, and that the
balance, amounting to £16,556 6s. 2d., be carried forward.
Good progress is being made with the erection of the coke
ovens and by-product plant, though work was much delayed
owing to the national coal strike. It is anticipated that the
plant will be working by June.

Great Western Colliery Company Limited.—The direc-
tors, in their report for the year ended December 31, 1912,
state that after writing off .£5,000 for depreciation, the
profits for the year amounted to .£50,110 18ss. 6d., to which
has to be added the amount brought forward from the
previous year of .£39,721 2s. 5d., making a total of £89,832
Os. lid. Out of this amount the following dividends have
been paid, viz.—on preference A shares at the rate of 10 per
cent, per annum for the first half of the year, £2,500; the
like for the second half of the year, £2,500 ; on ordinary
B shares at the rate of 10 per cent, per annum for the first
half of the year, £20,000 ; leaving a balance for disposal at
the general meeting of £64,832 Os. lid. The directors now
recommend that this balance be appropriated as follows:
Paying a dividend on ordinary B shares fully paid at the
rate of 10 per cent, per annum for the second half of the
year, making 10 per cent, for the year 1912, £20,000;
carrying forward to next account, £44 832 Os. lid. The
output of coal for the year 1912 was 876,630 tons, and of
coke 93,982 tons. Sinking has proceeded regularly during
the past year at the company’s new pits, the shafts having
now reached a depth of 365 yards. A process of cementing
the water-bearing ground has been adopted, and is, so far,
proving satisfactory. Considerable progress has been made
with the permanent surface works.

Hammond Water Heater Company Limited—This
private company has been registered, with a capital of
£15,000 in £1 shares (6,000 founders’) to carry on the
business of ironfounders, engineers, &c., to acquire the
business carried on at Percival House, Percival-street,
Clerkenwell, E.C., as Hammond and Co., and to adopt an
agreement with J. Shannon and F. Hammond. First
directors, J. Shannon, T. E. Chapman, and J. Wyatt.
Qualification, 100 shares. Registered office, Percival House,
Percival-street, Clerkenwell, E.C.

Hawthorn (R. and W.), Leslie and Co. Limited —The
directors have decided to pay an interim dividend of 5s.
per share, equal to 2| per cent., for the half-year ended
December 31, 1912.

Henley’s (W. T.) Telegraph Works Company Limited.—
The profits for 1912 were £92,069. The amount brought
forward is £36,862. The directors recommend the payment
of a dividend on the ordinary shares of 15 per cent., free of
tax, of which an interim dividend of 5 per cent, has already
been paid, leaving £45,017 to be carried forward.

Hudson (W. A.) Limited—This private company has
been registered, with a capital of £55,000 in £1 shares, to
carry on the business of iron, brass, and metal founders,
metal workers, &c., and to adopt an agreement with W. A.
Hudson, who is to be permanent governing director.
Qualification, £20,000 shares. Registered office, 117,
Curtain-road, E.C.

Illston (G. H.) and Son Limited.—This private company
has been registered, with a capital of £5,000 in £1 shares,
to take over the business of engineers, machine toolmakers,
&c., carried on by G. H. Illston, as George H. Illston and
Son, at 67, Bishop-street, Birmingham. First directors:
C. Wood, G. H. Illston, and H. P. Wood. Qualification,
200 shares.

Mirrlees Watson Company Limited.—The directors have
resolved, subject to audit, to recommend a dividend of
10 per cent, and a bonus of 5 per cent., less tax.

Muntz’s Metal Company Limited.—The directors have
decided to recommend a dividend of 7£ per cent., less
income-tax, on the preference shares.

National Explosives Company Limited.— An ordinary
general meeting of the debenture stockholders was held on
the 24th inst. at Winchester House, Old Broad-street, E.C.,
for the purpose of passing a resolution empowering directors
to create £40,000 debenture stock, created by the trust deed
of November 1908, so as to constitute a total security of
£80,000 upon property charged by the trust deed.

North British Locomotive Company Limited. — The
directors have decided, subject to audit, to recommend the
payment of a dividend on the preference share capital of
2| per cent., less tax, making, with the interim dividend
paid in September last, 5 per cent., less tax, for the year
1912; and a dividend of 71 per cent., free of tax, on the
ordinary share capital for the year 1912.

North’s Navigation Collieries (1889) Limited. — The
directors recommend a further dividend of 4s. per
share, making a total of 8 per cent, for the year ending
December 28.

Peebles (Bruce) and Co. Limited.—The report for 1912
states that the results for the year were not as satisfactory
as those for 1911. The profit from manufacturing,
trading, &c., after appropriating £4,138 for maintenance,
amounted to £3,865; but. after deducting expenses of
administration, the interest paid on the mortgage deben-
tures and accrued on the unsecured debentures, there is an
adverse balance of £4,594 for the year.

Powell Duffryn Seam Coal Company (Limited).—The
report of the directors for the year ending December 31 last
states that after making allowance for depreciation, which
the directors consider ample, there remains a balance |of
profit for the year of £258,472 Ils. Out of this there was
paid in September last interim dividend on the ordinary
shares at the rate of 10 per cent, per annum (free of income
tax) and at the rate of 6 per cent, per annum on the pre-
ference sb ares for the first six months of the year, amount-
ing to £53,193 6s. 4d , leaving the sum of £195,279 4s. 8d.
To this must be added £102,697 Os. 7d. brought forward
from 1911, making a total of £297,976 5s. 3d. to be dealt
with. The directors recommend (1) a dividend on prefer-
ence shares at the rate of 6 per cent, per annum for
the half-year ending December 31, 1912, £4,673 17s. 9d.;
(2) a dividend on £825,000 ordinary shares (fully
paid) at the rate of 10 per cent, per annum for
the half-year ending December 31, 1912, and on
£206,250 ordinary shares (now fully paid) at the rate of
10 per cent, per annum for the half-year ending December 31,
1912, in respect of amounts paid up thereon from
the respective dates of payment (free of income-tax),

£50,752 8s. 8d.; (3) a bonus on £825,000 ordinary shares
(fully paid) at the rate of 10 per cent, for the year, and on
£206,250 ordinary shares (now fully paid) at the rate of
10 per cent, per annum in respect of the amounts paid up
thereon from the respective dates of payment (free of
income tax), £99,271 18s.; (4) that there be added to
reserve for income-tax, £12,299 3s. 6d.; (5) that there be
added to the reserve for pensions, £10,298 8s. 4d.; (6)
that there be placed to general reserve account, £25,000;
(7) and that there be carried forward the balance of
£105,680 9s. 9d. The total output of coal from the
various collieries for the year 1912 amounted to 3,502,772
tons. The difficulties caused by disturbed ground at
the Penallta pits continued during the year, and retarded
the increase of output, but these troubles are now being
overcome. The sinking of the Britannia pits at Pengam
is progressing satisfactorily, despite the phenomenal
quantity of water which has been met with, and they are
now down to a depth of 532 yards in the North pit and 501
yards in the South pit. The North pit at Bargoedhas been
equipped as a winding shaft, and this will enable the out-
put of this colliery, which was reduced owing to the intro-
duction of the Eight Hours Act, to be greatly increased.
The managing committee of directors were reappointed
immediately after the last annual general meeting, and
have continued to carry on the active management of the
company under the control of the board. The committee
now consists of the chairman (Mr. J. Shaw, K.C.), Mr. C. P.
Ogilvie, Mr. A. M. Taff and Mr. W. Woolley.

South Durham Steel and Iron Company Limited.—The
directors have resolved to pay an interim dividend of
10 per cent, on the ordinary shares.

St. Helens Colliery and Brickworks Company Limited.
—The directors have declared an interim dividend of 5 per
cent.

Southern and Richardson Limited.—This private com-
pany has been rgistered, with a capital of £30,000 in £1
shares (13,000 pref.), to take over the business carried on
at Sheffield as Southern and Richardson and to carry on the
business of manufacturers of and dealers in iron, steel tools,
&c. First directors: S. G. Richardson and H. Willey.
Qualification, 5,000 ordinary or preference shares.

South Hetton Coal Company Limited.—The directors
announce a dividend of 15s. per share, free of income-tax,
on the ordinary shares for the past half year, allowing
£8,8911 for Shipperdson and Pemberton Estates and
carrying forward £5,336.

Swan, Hunter and Wigham Richardson Limited.—The
directors in submitting tne balance-sheet of the company
as on December 31, 1912, state that after providing for
depreciation on buildings, plant, and machinery, &c., there
remains a net profit on the year’s trading of £153,149 3s. 3d.,
to which has to be added the balance brought forward from
the previous year, £18,107 Is. Id.; making a total of
£171,256 4s. 4d. Out of this sum it is necessary to provide:
(1) interest on 4£ per cent, first mortgage debenture stock
for the year ending Dec. 31,1912, £10,875 15s.; (2) instalment
for sinking fund account, £1,000; leaving a balance to be
dealt with by the shareholders in general meeting of which
the directors recommend should be appropriated! as under,
£159,380 9s. 4d.; (1) interim dividend at 2| per cent, on
£538,845 cumulative preference shares paid August 31,1912,
£13,471 2s. 6d.; (2) interim dividend at 2| per cent, on
£634,732 ordinary shares, paid August 31,1912, £15,868 6s.;
(3) further dividend at 2| per cent, on £538,845 cumulative
preference shares, making 5 per cent, for the year,
£13,471 2s. 6d.; (4) further dividend at 5 per cent, on
£634 732 ordinary shares, making 7| per cent, for the year,
£31,736 12s.; (5) transfer to reserve account, £55,000; (6)
appropriation as explained, £5,000; leaving a balance to
be carried forward of £24,833 6s. 4d.

Talbot Continuous Steel Process Limited.—The report
for 1912 states that the accounts for the year show a profit
of £13,224, as compared with £13,562 in the previous year.
Including £496 brought forward, there is a total of £13,721
standing to the credit of profit and loss account. The
directors propose that £250 should be set aside in order to
reduce Consols and other investments to about the present
market value, and to apply the balance—namely, £13,471,
to writing down the value of patents. In accordance with
the intimation made to the shareholders last year, the
directors propose, within the next few weeks, to submit for
approval a scheme for the formation of a new company with
a smaller capital, to take over the whole of the assets of the
existing company. The issued capital of the new company will
represent the value of the liquid assets of the present
company, plus a sum estimated to represent the probable
value of the remaining life of the subsidiary patents.

Thirlwall Coal Company (1913) Limited.—This private
company has been registered, with a capital of £10,000 in
£1 shares, to take over the business of the Thirlwall Coal
Company Limited and to adopt an agreement with the said
company, G. A. Bishop, J. O. M. Clark, A. Strong, T. B.
Dunn and J. H. Wilson. First directors: J. H. Wilson, P.
Forsyth, T. Patterson and J. Caslaw. Qualification, 100
shares. Remuneration, £250 per annum. Registered office,
Murton-chambers, 8, Grainger-street, Newcastle-on-Tyne.

Tyneside Electrical Development Company Limited.—
The report for the year to January 31, states that the profit
amount to £2,311, which, with the amount brought forward
of £1,989, makes £5,000. The directors propose to declare a
dividend of 15 per cent, for the year, which will absorb
£1,509 (of this an interim dividend was paid in August
amounting to £500), and to transfer to general reserve
account £1,000 (making a total of £6'000 at the credit of
that account), carring forward £2,600.

Vulcan Boiler and General Insurance Company Limited.
—The annual report recommends on the 50s. paid shares a
final dividend of 6s. and a bonus of 2s, making, with the
interim of 4s. 6d., a total distribution of 25 per cent, for the
year. The sum of £9 035 is carried forward.

Waste Heat and Gas Electrical Generating Stations
Limited.—The profits for the year ended January 31
amounted to £36,010, against £25,071. The directors have
transferred to the credit of reserve account £9 000, against
£7,500, and propose to declare a dividend at the rate of
8 per cent, for the year (of this an interim dividend of 2|
per cent, was paid in August), leaving a balance to be
carried forward of £8,965, as against £7,955. It is proposed
to pay the balance of the dividend on March 15, less tax.
The directors have under consideration some proposals for
the erection of further plant in the north-eastern district for
the utilisation of gas to be produced from coke ovens.

ABSTRACTS OF PATERT SPECIFICATIONS
RECEHTLT ACCEPTED.

2713 (1912). Improvements in and relating to Reciprocating
Conveyors. F. Turnbull, of Heaton Junction, Newcastle-
upon-Tyne.—This invention relates to improvements in
reciprocating conveyors, and principally to that type of
such conveyor which has an accelerated motion towards the
end of the forward stroke and a correspondingly retarded
motion towards the end of the backward stroke. The
improvements consist of more efficient means for balancing
the reciprocating portions, and of modifications in the con-
struction of certain parts of the conveyor. Owing to the

trough of accelerating conveyors as ordinarily constructed
being in one solid or continuous piece, the vibration caused
thereby is objectionable. By forming the trough in two
portions, one in front of the other, tandem fashion, and
applying the accelerating device to each portion in the
manner thereinafter described, this objection is almost
entirely removed. Fig. 1 is a longitudinal elevation of the
improved conveyor; fig. 2 is an end elevation showing the
driving mechanism; figs. 3 and 4 show the construction of
certain details of the apparatus. (Two claims.)

4947 (1912). Improvements in or connected with Machines
for Use in Mining Minerals, particularly adapted for Use in
Mining Coal and the like. Mavor and Coulson Limited and
S. M. Mavor, both of 47, Broad-street, Mile End, Glasgow.
—This invention refers to cutter bar and cutter chain
machines, and relates to machines of the type in which the
motor is mounted on the body of the machine and the cutter
bar arranged to extend from a head rotatable relatively to the
body, and the object of the invention is to effect improve-
ments permitting the cutter bar in undercutting or in over-
cutting to be turned laterally through a complete circle.
In machines constructed according to this invention in
order to carry the cutter-bar so that it may be turned
laterally through a complete circle and pass the body of the

FIG t	HG‘f.

machine, the rotary head, from which the cutter-bar
extends, which under normal conditions is arranged to turn
about a vertical axis, is increased in its vertical dimensions
to such an extent that the cutter-bar, in the case of a
machine for use in undercutting, is adapted to turn under
the body of the machine, and in the case of a machine for
overcutting to turn over the body of the machine. Fig. 1
shows in longitudinal sectional elevation the head of a
machine constructed according to the invention, and fig. 2
shows in longitudinal sectional elevation a part of the head
of a machine, illustrating a modification. (Seven claims.)

5056 (1912). Improved System of Damping Dust in Trains
or Tubs in Coal and other Mines, and Apparatus therefor
A. C. Evans, of Mayfield, Ogmore Vale, Glamorgan, and
D. L. Richards, of Brooklands, Ogmore Vale, Glamorgan.—
This invention relates to apparatus for damping dust in
trains or journeys of trams or tubs of the type in which the
water spray is turned on and off by the moving vehicle. In
carrying the invention into effect, a detachable striker arm
is clamped or otherwise secured on the leading and the
rearmost or other predetermined trams or tubs of the train
and projects outwards from the tram at that side thereof
which is towards that side of the track at which are erected
the water-feed pipes of the sprinklers provided at suitable
locations at the track side. The vertical water-feed pipes
are fitted with valves or cocks for governing the flow of
water to the overhead spraying pipes. From each water-
feed pipe the spindle of the valve extends into a sleeve into
which, at the other end, is telescoped a spindle, which, at
its outer end, carries arms arranged spokewise. The spindle
carrying the said arms is adjustable axially in the sleeve
which is adjustable axially on the valve spindle. In the
progress of a train or journey of trams the striker arm
carried by the leading tram comes into contact with one of
the spoke-like arms aforesaid. The water-cock or valve of