Mat 30 1913.

THE COLLIERY GUARDIAN.

1133

COAL. IRON AND ENGINEERING COMPANIES.

Anderson and Partners Limited.—This private company
has been registered, with a capital of -61,000 in £1 shares,
to take over the business of a consulting engineer carried
on by E. Anderton at 329, High Holborn, W.C. First
directors, E. Anderson and P. Benham (permanent managing
directors).

Atlas Electrical Company Limited.—This private com-
pany has been registered, with a capital of £100 in .£1
shares, to carry on the business of manufacturers of and
dealers in electrical accessories, fittings and devices, &c.
Registered office, 33, Tothill-street, Westminster, S.W.

Best’s Safety Lamps Limited.—This private company
has been registered, with a capital of £5,000 in £1 shares,
to carry on the business of manufacturers of and dealers
in miners’ safety lamps, electric lighting and other appa-
ratus, and to adopt an agreement with W. Best, A. E. Best,
J. C. Best, R. O. Best and M. Best. First directors, W.
Best, A. E. Best, R. O. Best and M. Best (all permanent),
and A. H. Welham, J. R Spanton, H. Upton, W. Farrar
and C. M. Robothan (who may retain office for seven years
subject to holding one share).

Blackball Coal Company Limited.—The net profits for
1912 were <£1,800, ana £9,042 was brought forward. A
dividend of 5 per cent, free of income-tax, is proposed,
carrying forward £9,426.

British Thomson-Houston Limited.—The balance-sheet,
after paying interest on debenture stock and loans, shows a
profit of £30,999 and the directors recommend that this
should be appropriated as shown in the profit and loss
account, leaving a balance of £1,208. This, together with
the previous year’s balance, makes a total amount to be
carried forward of £8,590.

Broxburn Oil Company Limited. — The 36th annual
general meeting was held on the 21st inst., at the <ffices of
the company at 28, Royal Exchange-square, Glasgow. The
directors’ report recommended a dividend on the ordinary
shares of 10 per cent., free of income-tax; that £15,952 be
written off for depreciation; that £8,923, being balance at
debit of retort accounts, be written off; that £3,180 be
applied in writing down Consols; that £12,000 be placed to
the credit of the retort renewal account; and that £7,674
be carried forward.

Bute Shipbuilding, Engineering, and Dry Dock Com-
pany Limited.—In their report for the past year the
directors state that, after paying interest on debentures
and redeeming £2,000 debentures, and after payment of an
interim dividend of 2| per cent, on the ordinary shares,
there remains to the credit of profit and loss account (in-
cluding the balance of £28,843 9s. 4d. brought forward from
last account) the sum of £37,149 4s. 8d. The directors
recommend the payment of a further dividend of 3| per
cent., free of income-tax, making 6 per cent, for the year,
carrying forward the balance of £31,024 4s. 8d.

Chillagoe Limited.—This company has recently been
registered in Queensland (Australia), with a capital of
£600,000 in 10s. shares, to carry on the business of colliery
proprietors, miners, smelters, &c. London address,
Palmerston House, Old Broad-streeet, E C.

Cory (Wm.) and Son Limited.—The directors recommend
a final dividend on the ordinary shares of 6s. per share,
making 10 per cent, for the year ended March 31.

Dinnington Main Colliery Company Limited.—The
directors recommend a final dividend of 2s. per share (less
tax) for the year ended March 31. The interim dividend
was Is. per share, making a total distribution for the year
of 15 per cent., which ‘compares with 5 per cent, for the
previous year.

Dutilh-Smith, McMillan Corporation (London) Limited.
—This company has been registered in New York, with a
capital of 10,000 dols. in 100 dol. shares, to carry on the
business of manufacturers and dealers in railroad equipment,
railroad and electrical supplies, &c. London address, 29,
Great St. Helen’s, E.C.

Ebbw Vale Steel, Iron and Coal Company Limited.—The
directors recommend a dividend of 10 per cent, for the year
ended March 31, 1913.

King’s Norton Metal Company Limited.—The directors
report for the year ended March 31, 1913, that the accounts
show a profit of £43,956, to which has to be added the
balance of £1,109 brought forward from the previous year,
making a total of £45,065, of which amount the directors
have appropriated £8,500 to depreciation and £20,000 to
reserve account. The directors recommend the payment of
dividends at the rate of 7 per cent, per annum on the
preference share capital and of 7 per cent, per annum on
£140,000 of the ordinary share capital, leaving a balance of
£2,565 to be carried forward.

Lamp Pump Engineering Company Limited.—This
private company has been registered, with a capital of
£1,000 in £1 shares, to carry on the business of pump-
makers, ironfounders, marine, hydraulic, mechanical, civil,
electrical and consulting engineers, &c. Permanent
governing director, G. Williams.

Mantle (George) and Co. Limited.—This private company
has been registered, with a capital of £10,000 in £1 shares
(5,000 preference), to take over the business of an iron,
steel, and metal merchant carried on as George Mantle
and Co., at Walsall, Staffs. First directors, H. S. Hooper
(permanent chairman), F. C. Waltho, and R. S. Hooper.
Registered office, Whittimere-street, Walsall.

Mirrlees, Bickerton, and Day Limited.—This company
reports a net profit for the year ended March, after pro-
viding for depreciation, of £11,116, and £337 was brought
forward, making £11,453. The preference dividend absorbs
£2,184. The directors recommend a dividend of 7j per
cent, on the ordinary shares, £7,104; and the placing of
£1,000 to the reserve fund, and carry forward £1,165.

Metropolitan Carriage, Wagon, and Finance Company
Limited.—The following dividends are recommended—viz.,
on the A preference shares at the rate of 2| per cent, (less
income-tax) for the half-year ended March 31, making
5 per cent, for the year; on the B preference shares at the
rate of 3 per cent, (less income-tax) for the half-year ended
March 31, making 6 per cent, for the year; and on the
ordinary shares at the rate of 12| per cent, (less income-
tax), making with the interim dividend already paid 10 per
cent, for the year, and a further Is. per share by way of
bonus (also less income-tax).

capital of the company and for the amalgamation of the
Tarbrax Oil Company Limited with this company, which
was approved of by the shareholders, has been duly carried
through.

Spencer (James) and Go. Limited.— This private com-
pany has been registered, with a capital of £25,000 in
£1 shares, to carry on the business of machinists, makers of
tools, weighing machines, weighbridges, scales, lifts, &c.
First directors, W. Spencer, A. Spencer, John Spencer, W.
Waterhouse and H. Cliff (all permanent while trustees of
the will of the late James Spencer).

Sulla Colliery Company Limited.—This private company
has been registered, with a capital of £2,000 in £1 shares, to
acquire from W. R Cnampness, S. James and T. Protheroe
I their interests in a lease of certain land and parts of Soil-
well Farm, Lydney, (Glos.), and the Coleford High Delf
Vein and Upper and Lower Trenchard veins of coal under-
lying such land and farm. First directors, T. H. Deakin
and W. R. Champness.

Times Electric Company Limited—This private com-
pany has been registered, with a capital of £3,000 in
£1 shares, to carry on the business of manufacturers of and
dealers in electrical appliances and machinery, electrical
and general engineers and contractors, suppliers of elec-
tricity, &c.

Turbiro Engine and Pump Company Limited—This
company has been registered, with a capital of £75,000 in
£1 shares, to acquire, manufacture, sell, and grant licences
in respect of and d< al in turbine motors, engines, and
pumps, &c.; also to adopt an agreement with the H. D.
and B. Syndicate Limited.

United Collieries Limited. — The Collieries Trustee
Company Limited, as the trustee of the deed of declaration
of trust securing the first debentures A and first deben-
tures B of the United Collieries Limited, gives notice that
£15,000 is available for the redemption of debentures as to
four-fiths in the redemption of first debentures A and as to
one-fifth in the redemption of first debentures B, and calls
for tenders for the redemption at any price not exceeding
£115 per cent, of the debentures A and debentures B
respectively.

Wilsons and Clyde Coal Company Limited.—The directors
have submitted proposals to the shareholders providing for
the division of the 5,000 preference shares of £10 each and
the £6,000 ordinary shares of £3 each into £1 shares.

Moresby Coal Company Limited.—The net profits for
the year ended March 29, including £15,353 brought forward,
amounted to £47,223. Arrears of dividend on preference
shares and 5 per cent, on the ordinary shares have been
paid, and £20,000 added to the reserve. A further dividend .
of 5 per cent, is recommended on the ordinary shares,
making 10 per cent, for the year, adding £10,000 to the
depreciation fund, and carrying forward £6,138.	|

Niddrie and Benhar Coal Company Limited. — The
directors recommend a dividend of 10 per cent., less income
tax, for the year to the 30th ult.

Parkgate Iron and Steel Company Limited. — The
directors’ report on the result of the forty-ninth year’s
operations of the company states that the debenture debt
has been reduced during the year by the sum of £46,800,
and a further £3,200 has been repaid since March 31.
Notice has been given to the holders of the remaining
£50,000 debentures for repayment on September 30 next,
after which date the debenture debt will be extinguished.
It has been decided to place a further sum of £60,000 to the
credit of the reserve fund, making a total of £100 000. The
directors propose that this sum shall be capitalised, the
capital being increased for the purpose by the creation of
100,000 new shares of £1 each. These will be paid up in
full out of the reserve fund, and distributed amongst the
shareholders in the proportion of one share to every three
held by them, and the directors are taking the opportunity
of submitting fresh articles of association for adoption by the
meetings. The gross profit for the year is £150 775 9s. Id.,
to which is added the balance brought forward from last
year, £11,279 13s. 5d., making £162,055 2s. 6d. From this
is deducted debenture interest, £3,674 4s. 3d.; interim
dividend of Is. 6d. per share, paid December 1, £22,500;
amount to be written off for depreciation, £12,000; trans-
ferred to reserve fund, £60,000; leaving a disposable balance
of £63,880 18s. 3d., which it is proposed to distribute as
follows:—Further dividend of 3s. 6d. per share, making a
total of 5s. per share, or 25 per cent, for the year, £52,500;
balance carried forward, £11 380 18s. 3d.

Pease and Partners Limited.—The directors have issued
the balance-sheet of the company made up to April 30, and
the profit and loss account for the year ended that date.
The working profit for the year was £384,529 5s. 4d., to
which was added the undivided profit as on April 30, 1912,
£25,453 3s. 10d., making a total of £409,982 9s. 2d. Of this
there had been applied £86,384 9s. 2d. in meeting the special
expenditure appearing at the foot of the balance sheet,
£25,000 in adding to the reserve for renewals and improve-
ments, £25,000 in adding to general reserve, £80,000in paying
on June 17 next dividends of 16s. per share on the ordinary
shares, and £24,000 in paying 16s. per share on the deferred
shares, making, with the interim dividends, 12 per cent,
for the year on both classes of shares ; and £47,870 18s. 9d.
carried forward as undivided profit; thus accounting for the
£409,982 9s. 2d. The improved results as compared with
recent years were due to a good demand for the company’s
products at better prices, and the bringing into operation of
the additional by-product plants. Market values, though
they had receded from the highest point, were still on a
satisfactory level, but there was a reluctance on the part of
consumers to purchase ahead. In spite of the large
amounts expended with a view to economical production,
costs were much higher than they were when realised prices
were previously at the same level. An agreement had been
entered into for freezing both shafts at Thorne down to the
coal measures, and the contractors were proceeding with
the work. A contract had been entered into for the erection
of a benzol plant in connection with the Bankfoot coke
ovens. The benzol plants at St; Helens and Eldon, and the
additional coke ovens at Eldon, had been brought into
operation.

Petters Limited.—The year’s net profit is £17,119 (as
against £10,805 in 1911-12), and £3,131 was brought for-
ward, making £20,250. The directors recommend a dividend
of 10 per cent., free of tax, less the 2| per cent, paid interim,
put £7,000 to the reserve (as against £2,400 last year),
making it £12,000, write £1,401 off patents and patterns
(against nothing last year), and carry forward £4,024. It
has been found necessary to erect additional works, and
preference shares to the amount of £25,000 will be issued
at an early date.

Priest and Mullings Limited.—This private company has
been registered, with a capital of £2,000 in £1 shares,
to take over the business carried on by A. W. Priest and
W. J Mullings at the Avondale Ironworks, Netham-road,
Bristol. First directors, A. W. Priest, W. J. Mullings and
W. Greenway. Qualification, £200. Registered office,
Avondale Ironworks, Netham-road, Bristol.

Pumpherston Oil Company Limited.—The report for the
year to April 30 last shows that after providing for the
maintenance of the works and mines during the year, and
including the sums brought forward from last year
amounting to £16,493 Is. Id , there is a balance at the
credit of profit and loss account of £151,935 5s. 7d. From
this is to be deducted interest on loans, £2,846 9s. 3d.; and
portion of bonus to ordinary shareholders declared on
January 10, 1913, paid out of the year’s profits, £39,500;
leaving £109,588 16s. 4d. This the directors recommend
should be disposed of as follows:—In writing off for
depreciation, £15,000; in writing off the amount expended
on improved plant during the year, £7,68717s. 9d.; in writing
off expenses incurred in connection with increase and
rearrangement of capital and amalgamation of the Tarbrax
Oil Company Limited with this company, £4,333 10s. 3d.;
in payment of a dividend at the rate of 6 per cent, on the
first preference shares of the company, £6,000; in payment
of a dividend at the rate of 6 per cent, on the second
preference shares of the company, £3,000; in payment of a
dividend at the rate of 35 per cent, per annum on the
ordinary shares of the company, £59,841 7s. 5d.; leaving a
balance of £13,726 0s. Id. to be carried forward to the
current year. The dividends are payable free of income-tax,
and dividend is payable on the bonus shares as from
February 4 last. The capital expenditure for the year
amounts to £43,203 Is. 9d., and has been chiefly incurred in
providing surface plant and completing the electrical instal-
lation in connection with the new mines to the Pumpherston
shales at Deans and the new pits to the Dunnet shale at
Mid-Breich, in connection with the reopening of No. 5 mine
and development in No. 1 pit at Tarbrax, and in the erection
of workmen’s dwelling houses at Deans and Woolfords and
improvements on workmen’s dwelling houses at Pum-
pherston. The scheme for increasing and rearranging the

Partnerships Dissolved.—The London Gazette announces
the dissolution of the following partnerships: — H. J.
Cherry and A. Cherry, engineers, Hill-street, Leicester,
under the style of H. J. Cherry and Son; H. North and
G. H. Jervis, carrying on business as coal merchants at
Great Grimsby, under the two styles of H. North and Co.
and the Barnsley Coal Company.

Yorkshire Coal Trade.—Members of the Yorkshire Coal
Exchange dined together last week at the Hotel Metropole,
Leeds, this being their second dinner since the Exchange
was formally constituted. Nearly 200 gentlemen were
present. The chair was occupied by Mr. J. S. Charlesworth,
the president of the Exchange, and among the company
were Mr. Thomas Whittaker, Mr. E. J. Adderley (Hull),
Mr. J. W. Dobson (Garforth), Mr. James Hargreaves
(Leeds), Mr. R. Moorby (Hull), Mr. E. O. Ohlson (Hull),
Mr. T. Atkinson (Leeds), Aid. J. E. Fawcett (Bradford), and
Mr. J. Shaw (Hull). Mr. E. J. Adderley, in proposing
“ Success to the Yorkshire Coal Exchange,” alluded to the
troubles of the coal trade as being due to hasty and ill-
considered legislation, labour agitators, and, sometimes,
to the inconvenient manipulation of traffic. Could it be
' wondered at, he said, that in the multiplicity of transactions
disputes sometimes arose, and that for the purpose of
dealing with them the Yorkshire Coal Exchange had
formed an Arbitration Board, whose business it was to
settle them with justice to all concerned, and with the
least possible outlay of time, money and patience. Dealing
with the output of coal, Mr. Adderley said the Yorkshire
coal output last year was about 3| million tons more than
in 1908; while the output of Derbyshire and Notts was
about stationary. During the same period the shipments
of coal from the Humber and its tributaries had increased
by about 17 per cent-., and last year amounted to over
11 million tons. The output—he thought it might also be
said the usage—of coal in Great Britain had during the
past 12 months attained its maximum, subject, of course, to
any natural increase of population. For that reason, the
bulk of the increased output which was to be expected from
the new Yorkshire coalfield was likely to be thrown on to
the export market. The total quantity of coal sent into
Hull during the past month was the largest ever sent into
the port during the month of April. The shipments of coal
from Hull, both coastwise and foreign, during the present
year (up to the end of April) exceeded by over 280,000 tons
that of any previous year. Speaking of the delays of traffic,
Mr. Adderley suggested that the railway companies should
put down more siding accommodation.—The president, in
acknowledgment, pointed out that the membership of the
Exchange had in the course of the year risen from
482 to 512, and suggested the formation of a club and
club-house in connection with it. There were many things,
he continued, which pointed to a continuance of good trade.
—Mr. J. Shaw (Hull and Barnsley Railway Company) gave
the toast of “ The Coal Trade.”—Mr. J. Hargreaves
replying, said that in spite of the extension of electricity in
every direction, coal had been more largely used than ever,
as was shown by the boom both at home and abroad.—Mr.
Sam Sharpe also acknowledged the toast.—Aid. J. E.
Fawcett proposed the toast of “ The City of Leeds,” which
was responded to by Mr. Tom Atkinson.