March 7, 1913.

THE COLLIERY GUARDIAN.

505

E.C.; and F. de V. Summers, Hubert Lodge, Stirling-road,
S.W. Minimum cash subscription, seven shares. Qualifica-
tion of first directors, who are not named, 100 shares
Remuneration, £100 each per annum (chairman £50 extra).

Cremer Lamp and Engineering Company Limited.—
This private company has been registered, with a capital of
£2,000 in £5 shares, to carry on the business indicated by
the title. First directors, B. Cremer, J. M. Servaes, and
R. L. P. Bell.

De Coster and Co. Limited.—This private company has
been registered, with a capital of £500 in £1 shares (200
preference), to carry on the business of engineers, smiths,
and machinists, &c. First directors, J. F« de Coster and
C. de Coster. Qualification, 1 share

Denton (William) Limited.—This private company has
beee registered, with a capital of .£4,000 in £1 shares,
to carry on the business of engineers, founders, smiths,
machinists, &c. First directors, W. Denton (managing
director), E. Loewstein, and A. Suffert (all permanent).
Registered office, 2 and 3, Eldon-street, E C.

Donnelly, MacLeod and Co. Limited. — This private
company has been registered, with a capital of £5,000 in
£1 shares, to take over the business of an engineer and
manufacturer, carried on by H. Donnelly at 49a, Wilson-
street, Finsbury, E C., as Donnelly, MacLeod and Co. First
directors, H. Donnelly and E. G. Bryden (both permanent)
Qualification, 1,000 shares each. Registered office, 49a,
Wilson-street, Finsbury, E C.

Doxford (William) and Sons Limited —The report for
1912 states that the balance of profit and loss account
unappropriated at December 31, 1912, is £41,568, which the
directors recommend should be disposed of as follows:—
Balance of dividend on preference shares (paid January 1,
1913), £6,250; final dividend on ordinary shares, £5,000;
bonus on ordinary shares, £5,000; general reserve account
(making it £110,000), £10,000; reserve account for equalisa-
tion of dividends (making it £79,000), £14,000; leaving to
be carried forward £1,318. The sum of £23,187 has been
applied towards maintenance and depreciation of buildings
and plant.

Dundee Coal Company Limited.—Dividend of 5 per cent.,
payable on or about April 1.

Friedheim (Oscar) Limited —This private company has
been registered, with a capital of £17,000 in £1 shares, to
carry on the business of manufacturers of and dealers in
machinery, &o., and to acquire the business carried on by
O. Friedheim at 7, Water-lane, E.C. Permanent governing
director, O. Friedheim. Remuneration, £520 per annum.
Registered office, 7, Water-lane, E.C.

Hadfield’s Steel Foundry Company Limited — The
directors recommend a final dividend on the ordinary
shares of 2s., and a bonus of Is. per share, making 4s. per
share (20 per cent ), free of income tax, for the past year.

Bickleton Main Colliery Co. Limited.—A final dividend
has been declared of 5par cent, making, with the interim
dividends amounting to 15 per cent., a rate of 20 per cent,
for the year.

Jessop (William) and Sons Limited.—The directors have
decided to recommend a dividend on the ordinary shares of
6s. per share, being, with the interim dividend paid in
September last, at the rate of 10 per cent, for the year, and
a bonus of 2s. per share, free of income-tax. It has also
been decided to recommend the payment of the final half-
year’s dividend on the 5| per cent, preference shares.

Jones (A.) and Sons Limited.—This private company
has been registered, with a capital of £6,000 in £1 shares,
to carry on the business of coal merchants, &c., as formerly
carried on by D. Powell-Jones, F. Powell-Jones and P. M.
Jones, at Llangunider, Brecon, and at Abergavenny, Mon.,
as A. Jones and Co. First director, D. Powell-Jones.
Qualification, 1,000 ordinary shares. Remuneration (except
managing director), £5 per annum divisible.

Leicestershire Colliery and Pipe Limited.—This private
company has been registered, with a capital of £35,000 in
£1 shares (20 000 preference), to carry on the business
of colliery proprietors, miners, &c.', and to adopt an agree-
ment with W. J. Hardy. First directors to be appointed.
Qualification of managing director, one share; of other
directors, £100. Remuneration (except managing director).
£100 each per annum ; chairman, £50 extra). Registered
office, 25, Victoria-street, S.W.

Muntz’s Metal Company Limited.—The report of the
directors for the year ended December 31, 1912, states that
the accounts, after paying £3,394 15s. 4d. to the bank as
interest on loan account, and writing off £4,742 10s. 7d. for
depreciation, show a net profit of £7,067 7s. Id. To this
has to be added the sum of £800 8s. lid. brought forward
from last year’s accounts, making an available balance of
£7,867 16s. With this it is proposed to pay a dividend of
7i per cent, on account of arrears on preference shares, less
income-tax, and to carry forward to next year’s accounts
£1,470 4s. 3d. This will still leave a balance of 5 per cent,
due on the preference shares to December 31, 1912.

North’s Navigation Collieries (1889) Limited.—The
directors report tor the year ended December 28,1912, that
the profit, after debiting the account with all charges, is
£64,641, to which has to be added the sum of £10,632
brought forward from previous year, making a total of
£75,273. Interim dividends at the rate of 10 per cent, per
annum on the preference shares, and 4s. per share on the
ordinary shares were paid in August last. The directors
now recommend a further distribution at the rate of 10 per
cent, per annum on the preference shares and 4s. per share
on the ordinary shares, payable on or after March 13 next,
making a total distribution for the year of 10 per cent, on
the preference and 8 per cent, on the ordinary ; that £11,000
be written off for depreciation, leaving a balance of £11,273
to be carried forward to next account. The output of the
collieries for the year was 1,084,714 tons, against 1,078,582
tons for the previous year. The make of coke was 59,617
tons, against 70,242 tons for the previous year. Owing to
the unexpected delay in the development of the new
St. John’s Colliery at Cwmdu, the output of that colliery
has not increased as much as the directors had hoped, but
it is anticipated that the difficulties will be overcome during
the current year.

Park Coal Company (Cardiff) Limited.—This private
company has been registered, with a capital of £3,000 in
£1 shares (1,000 preferences), to carry on the business of
wholesale and retail coal, coke and fuel merchants, haulage

contractors, colliery sales agents, &c. The subscribers are:
—T. Diamond, 73, Hamilton-street, Cardiff, coal merchant;
W. H. Diamond, 20, Princes-street, Cardiff, ship repairer;
G. L. Diamond, 11, Plasturton-place, Cardiff, ship repairer.
T. Diamond is the first managing director, with £300 per
annum as remuneration.

Pearlite Steel Company (1910) Limited.—At the annual
general meeting, held on the 26ch ult., a dividend of 5 per
cent, was declared on the past year’s working.

Ratcliff and Ratcliff Limited.—This private company has
been registered, with a capital of £18,000 in £1 shares, to
carry on the business of manufacturers of and dealers in
wrought iron and steel tubes and fittings, &c., to acquire
the business carried on at Great Bridge, Staffs , as Ratcliff
and Ratcliff, and to adopt an agreement with B. Ratcliff and
M. R. Ratcliff, who are the first directors (both permanent).
Qualification, £3,500 shares each. Registered office, Great
Bridge Tube Works, Great Bridge, Staffs.

Ratcliff (Joseph) and Sons Limited.—This private com-
pany has been registered, with a capital of £15,000 in £1
shares (5,000 preference), to carry on the business of brass-
founders, metal rollers and refiners, manufacturers of gas
and other fittings, engineers, &c., to acquire the business
carried on at Pritchett-street, Birmingham, as Joseph
Ratcliff and Sons, and to adopt an agreement with B.
Ratcliff and M. R. Ratcliff. First directors, B. and M. R.
Ratcliff (both permanent). Qualification, £3,500 ordinary
shares each. Registered office, 47, Pritchett-street,
Birmingham.

Reay Gearworks Limited—This private company has
been registered, with a capital of £2,000 in £1 shares, to
carry on the business of manufacturers of and dealers in
gear wheels of iron, steel, &c First directors, C. Reay
(managing director), J. A. Reay, J. A. Greener, J. H.
Huntley, and J. P. Graham. Registered office, Oak wellgate,
Gateshead.

Reed (E. A.) and Co. Limited.—This private company
has been registered, with a capital of £2,000 in £1 shares,
to take over the business carried on by E. A. Reed and H.
Roberts, at 14, Victoria-street, S.W., and to carry on the
business of ironfounders and engineers, &c. First directors,
E. A. Reed and H. Roberts. Registered office, 14, Victoria-
street, S.W.

Shelton Iron, Steel and Coal Company Limited.—The
accounts for 1912 show a profit of £63,496. To this must
be added £9,676 brought forward, making together £73,172,
from which, after providing £20,700 for debenture interest
and £19,300 for sinking fund, there remains a balance of
£33,172. An extra-ordinary general meeting will be held
on March 14 to consider resolutions (1) approving of the
scheme of arrangement as set out in the circular of
January 15, 1913; (2) subdividing each £10 share into 10
£1 shares; and (3) making certain alterations in the
articles of association. Should the above resolutions be
duly passed and the alterations to the articles of association
be accepted and confirmed, a dividend amounting to
£24,000 upon the preference shares will be declared in due
course, but in view of capital requirements this will, as
indicated in the scheme, be satisfied by issuing fully-paid
shares in the company.

Smith Electrical Company Limited.—This private com-
pany has been registered, with a capital of £1,000 in
£1 shares, to carry on the business of electrical, mechanical
and general engineers, &c. Table A mainly applies.
Registered office, 7, Cavendish-street. Keighley.

Stanley Brothers Limited. — The seventeenth annual
report of the directors for the year ending December 31,
1912, states that the trading profit for the year, after
making provision for doubtful debts, is £62,401 14s. 2d., or
less depreciation and interest on debentures £48,551 14s. 2d.,
to which has to be added the balance brought forward from
1911 £7,951 12s. 8d., making a total of £56,503 6s. 10d., out
of which has been paid dividends on the preference shares
at 6 per cent, per annum for the years 1910 and 1911, less
income tax, £14,710 5s. 2d., leaving an available balance of
£41,793 Is. 8d., which it is now proposed to apportion as
follows:—To pay a dividend on the preference shares at the
rate of 6 per cent, per annum, for the year 1912, less income
tax, £7,355 2s. 7d., to pay a dividend on the ordinary shares
at the rate of 10 per cent, per annum, together with a bonus
of Is. per share free of income-tax, £10,312 10s. (this being
equal to 7| per cent, on the old capital of the company), to
place to reserve (making this account £20,000) £14,000, to
carry forward to next year £10,125 9s. Id.—£41,793 is. 8d.

Stewarts and Lloyds Limited.—The directors, after
setting aside £100,000 for depreciation, recommend, subject
to audit, the usual dividend of 10 per cent, on the preferred
ordinary shares and a dividend of Is. 6d. per share on the
deferred shares, placing £50,000 to reserve and carrying
forward £90,000.

Vagliano Anthracite Collieries Limited —On the 28th
ult., Mr. Justice Joyce in the Chancery Division heard a
motion for the appointment of a receiver in an action which
is being brought by Mr. Andreas Frangopulo, on behalf of
himself and other first debenture holders in the Vagliano
Anthracite Collieries Limited, against the said company,
the City Safe Deposit and Agency Company Limited, the
Oceana Consolidated Company Limited, and L. Ehrlich & Co.,
who claimed to have a security against the assets of the
Vagliano Company which was alleged to be prior to the
debentures.^ The property of the company consisted of coal-
mines in Russia. In January, 1913, a resolution was passed
for the voluntary winding up of the company, and that
made the security enforceable. There was a petition pend-
ing for compulsory winding up, but to that the plaintiff was
not a party. His lordship, in giving judgment, said it was
admitted that there had been meetings at which the deben-
ture holders had changed their security, and unless they
were entitled to set those prooeedings aside (which they
might be) the decision then come to was binding. The
debenture holders said they were induced to do as they did
by misrepresentation, but at present there were no pro-
ceedings to set aside the decision so come to. It was not
clear what any receiver his lordship might appoint would
be receiver of, and he did not see his way to appoint a
receiver on an interlocutory application. There would,
therefore, be no order on the motion except that costs be
costs in the action.

Vickers Limited—The directors inform the shareholders
that the result of the past year’s working has been a net
profit of £872,633 after the usual provision for depreciation.
The directors are carrying £200,000 each to works extensions

and reserve accounts, and recommend a final dividend of
5 per cent., making 10 per cent, for the year. In view of
large capital expenditures, which has temporarily been
provided out of current revenue or from loans, the directors
have decided to take steps to increase the share capital by
the issue of 740,000 ordinary shares, obtainable by ordinary
shareholders in the proportion of one-fifth of their present
holdings, at a premium of 10s. per £1 share, the premium
to be placed to reserve.

Wade (Charles) and Co. Limited.—This private company
has been registered, with a capital of £70,000 in £50 shares
(700 preferred), to take over the business of iron and steel
merchants and manufacturers carried on as Charles Wade
and Co. at Midland Ironworks, Aston-road, Birmingham, and
to adopt an agreement with H. L. Wade. First directors,
H. L. Wade (chairman and managing director) and M. C.
Wade. Qualification, £200. Remuneration of H. L. Wade,
<£5,000 per annum. Registered office, Midland Ironworks,
Aston-road, Birmingham.

Workington Iron and Steel Company Limited.—The
directors have declared the following dividends for the
half-year ended December 31, payable April 1:—The usual
on the preference shares, at the rate of 6 per cent, per
annum, less tax; interim on ordinary shares at the rate of
5 per cent, per annum, less tax.

Mortgages and Charges.—The following have been
registered in pursuance of the Companies Acts, 1907:—
British Wagon and Carriage Works Company Limited
(issue on February 3, 1913, of £1,300 debentures, part of a
series); Carlton Main Colliery Company Limited (mortgage
dated January 31, 1913, to secure £300, mortgage dated
January 30, 1913, to secure £1,000) ; Duffryn Rhondda
Colliery Company Limited (second mortgage debenture
dated January 17, 1913, to secure £25,000) ; Indian Foundry
Company Limited (particulars of £2,000 debentures created
January 22, 1913, present issue £1,250); Lincoln Wagon
and Engine Company Limited (issue on January 29,
1913, of £18,140 17s. 6d. debentures, part of a series);
National Peat Industries Limited (particulars of £10,000
debentures created July 27, 1906, present issue £500);
Robert Proctor Limited (satisfaction in full on January 9,
1913, of mortgage debentures dated April 24, 1902, securing
£10,000); Tredegar Iron and Coal Company Limited (issue
on January 31, 1913, of £1,000 debentures, part of a series) ;
Turbine Gears Limited (particulars of £2,500 debentures
created January 20, 1913, whole amount now issued);
Channel Collieries Trust Limited (further charge dated
February 7, 1913, to secure £25,000, supplemental to charge
dated September 20, 1911); Effingham Steelworks and
Rolling Mills Company Limited (satisfaction to the extent
of £3,000 on January 24, 1913, of debentures created
February 27, 1903, securing £2,500, and debentures dated
July 20, 1906, securing £2,000, notified; also issue on
January 24 of £4,200, and on January 31, 1913, of
£1,200 debentures, parts of a series) ; Foster Engi-
neering Company Limited (issue on February 14,
1913, of £2,000 debentures), part of a series) ;
Gloucester Railway Carriage and Wagon Company Limited
(issue on February 10, 1913, of £1,825 debentures, part of a
series); James Keith and Blackman Company Limited
(issue on February 12, 1913, of £1,000 debentures, part of
a series) ; Lan Gas Coal Company Limited (deed of further
charge, dated February 5, .1913, to secure £4,675—supple-
mental to debenture dated November 18, 1910); Mickley
Coal Company (Dronfield) Limited (particulars of £5,000
debentures created by resolutions of Aug. 9 and 31, 1906,
and January 21, 1913, present issue £550) ; Vaalbank Coal
Company Limited (mortgage dated February 6, 1913, to
secure not more than £15,000—supplemental to mortgage
dated October 10, 1911) ; Yorkshire Main Colliery Limited
(debenture dated February 7, 1913, to secure the balance
tor the time being owing from the company to the
mortgagees). __________________________

CONTRACTS OPEH FOR COAL ARD COKE.

For Contracts Advertised in this issue received too late for
inclusion in this column, see Liadsb and Last Whiti
pages.

Morecambe, March 19.—The Morecambe Corporation
(Electric Supply Department) invite tenders for the supply
of about 2,500 tons of coal or slack. Forms of tender and
conditions can be obtained from the Electricity Works.
Sealed tenders to be addressed to William Tilly, Esq, town
clerk, Morecambe,and endorsed “Tender for coal,” to be
received not later than March 19, 1913. The Corporation
do not bind themselves to accept the lowest or any tender.

L.	B. Hogarth, engineer and manager.

Portsmouth, March 18.—The Tramways Committee of
the Portsmouth Corporation invite tenders for the supply
of smokeless Welsh steam coal, for use at the power station,
Vivash-road, from April 1, 1913, to March 31, 1914, about
3,400 tons. The specification and form of tender may be
obtained upon application to the engineer, Mr. V. G. Lironi,

M.	I.M.E., A.M I.E.E., Engineer’s Office, Fratton-grove,
Portsmouth. Tenders, marked “ Tender for Coal for Power
Station,” to be delivered to the Town Clerk, Town Hall,
Portsmouth, not later than 10 a.m. on Tuesday, March 18,
1913. The form of tender must include a declaration that
the person making the tender pays the rates of wages and
observes the hours of labour and conditions contained in the
Corporation fair wages clause. The Committee do not bind
themselves to accept the lowest or any tender. W. R.
Spaven, general manager, Town Hall, Portsmouth.

Abstracts of Contracts Open.

Brentford, March 15.—For 200 tons (more or less) of
Rheola Merthyr (large) or other approved steam coal; 100
tons (more or less) of small or nutty slack steam coal; and
100 tons (more or less) of coke, to September 30, for the
Urban District Council. Also for a supply of 45 tons (more
or less) of house coal.

Bristol, March 17.—For supply of coal for six months
from March 25, for the Sanitary and Improvement and
Health Committees.

Brussels, March 14.—For five lots, each of 5,000 tons,
of small seini-bituminous coal, homogenous in composition,
freshly mixed, containing no pyrites, and not more than
2 percent, of sulphur,to the Usine Centrale de 1’Eleotricite,
for the Service de I’EleotricitS College des Bourg mestre et
Echevins, Hotel de Ville, Bruxelles.