1354 THE COLLIERY GUARDIAN June 20, 1913 issue is made to replace the whole of the outstanding deben- tures, amounting to .£250,000, and to provide the additional capital required for its extended and extending business. After providing for the replacement of such debentures and for the payment to the British Insulated and Helsby Cables Limited of £92,000 or thereabouts (the estimated cost up to June 30, 1913, of the new turbo and other extensions), the present issue will provide £58,000 in cash for the general purposes of the company, including further extensions and for the expenses of this issue. Morris and Lister (London)^ Limited.— This private company has been registered, with a capital of £3,000 in £1 shares, to carry on the business of agents for and dealers in electrical and engineering machinery and plant, electricians, &c., and to adopt an agreement with Morris and Lister Limited. First directors, F. J. Bakewell and D. J. Morris. Registered office, 3 and 4, Palace- chambers, Bridge-street, Westminster. Newport-Abercarn Black Vein Coal Company Limited. The report shows that the year commenced with all collieries at a standstill owing to the national coal strike, which started on March 1, 1912. After losing 22 shifts this year from this cause, the colliery recommenced raising coal on April 15, 1912. The output of coal for the year was 335,393 tons, an increase of 34,369 tons over the previous year. The make of coke was 12,728 tons, against 8,993 tons last year. After charging against revenue the loss caused by the strike and the cost of driving the west headings through the big fault, which in wages alone amounted during the year to £2,865 19s. 8d., the profit and loss account shows a credit balance of £15,458 7s. 2d., to which is to be added the balance brought forward, £3,188 13s. lid.—£18,647 Is. Id. —which the directors recommend should be applied as follows:—Depreciation on investments, £1,750; carried to reserve account, £3,500; dividend of 6 per cent, on preference and 4 per cent, on ordinary shares, £10,500— £15,750, leaving a balance to be carried forward to next account of £2,897 Is. Id. A resolution will be submitted at the annual meeting for the purpose of making it clear that the authority to raise £100,000, which was given to the directors at the annual meeting in 1911, is in addition to the general power to borrow £30,000 conferred by the special resolutions of 1893, which has already been exercised in raising a building society loan on cottages. In the exercise of their discretion, the directors have decided not to proceed at present with the proposed rearrangement of the capital of the company. Preston Engineering Company Limited.—This private company has been registered, with a capital of £1,000 in £1 shares, to carry on the business of engineers, manufac- turers of and dealers in machines and tools, &c. Registered office, Charing Cross-chambers, Duke-street, Adelphi, W.C. Redpath Brown and Co. Limited.—The directors have declared an interim dividend at the rate of 8 per cent, per annum, free of tax, on the ordinary shares. Reliance (Coventry) Limited.—This private company has been registered, with a capital of £5,000 in £1 shares, to carry on the business of metal founders, workers, rollers and merchants, iron and steel converters, &c. Rotary Engineering! Company Limited.—This private company has been registered, with a capital of £3,000 in £1 shares, to carry on the business of engineers, machinists, tube makers, &c. First directors: A. E. Jenkins, E. J. Jenkins, F. J. Benjafield, and J. H. Jenkins. Secretary: F. J. Benjafield. Ruston, Proctor and Co. Limited.—The company have just offered 100,000 ordinary shares of £1 each at par. (Balance of an authorised increase of capital of £250,000.) Subscribers to this issue who are registered holders of ordinary shares of the company at the date of the present prospectus will have a preferential right to have allotted to them or their nominees: One new ordinary share for every eight ordinary shares held by them, any fraction less than eight being in the discretion of the directors treated as eight. Subject as aforesaid, the whole of this issue is offered to the public for subscription at par. The Union of London and Smiths Bank Limited, 2, Princes-street, E.C., and its Lincoln and other branches are authorised to receive subscriptions for the above-mentioned issue. The share capital of the company fully subscribed and paid is £850,000, divided into 500,000 ordinary shares of £1 each, and 350,000 preference shares of £1 each. There is, in addition, a debenture issue of £250,000. Siemens Brothers and Co. Limited.—A dividend of 4 per cent. (4s. per share) for the year has been declared, carrying forward £1,489. Tedcastle, McCormick and Co. Limited.—The report for the year ended March states that the balance to credit of profit and loss account, after paying debenture interest and writing £8,000 off goodwill, leasehold premises, steamships, plant, machinery, &c., and placing £3,000 to reserve for depreciation of investments, amounts to £10,397, which, with the balance brought forward, £3,929, makes £14,326. The directors propose to pay 3| per cent, actual on the ordinary shares (making 6 per cent, for the year) and carry forward £3,968. Tredegar Iron and Coal Company Limited.—The directors report for the year ended March 31 last that, notwithstanding the increase in the cost of production arising from the Minimum Wage Act, the National Insurance Act and the Mines Act, in the rate of wages, and in the price of all descriptions of stores and materials, there has been a substantial increase in the profits. The coal trade has continued in a satisfactory condition during the past year, and prices have again appreciably advanced since its close. The prospects of the current year are good. The output of the Tredegar collieries, exclusive of Oakdale and Markham, was 1,678,943 tons. The production of coke was 70,569 tons. The profit on working accounts during the past year was £127,169, the amount brought forward from the previous year was £31,829, making £158,998. Deducting balance of interest on loans and debentures, £6,981, a divisible profit remains of £152,017. This profit the directors recommend should be appropriated as follows :— Dividend of 10 per cent., free of income-tax, on the A and B shares, of which 4 per cent, was paid in December last, £82,433, depreciation £10,000, reserve £40,000, carry forward £19,583. Wincott (G. P.) Limited.—This private company has been registered, with a capital of £15,000 in £1 shares, to take over the business carried on by G. P. Wincott at 180, Attercliffe-road, Sheffield, and to carry on the business of engineers, furnace builders, ironfounders, smiths, &c. First directors : G. P. Wincott, H. J. Parry, E. Wincott and H. Wincott. Wireless Electric Light Company Limited.—This com- pany has been registered, with a capital of £75,000 (70,000 ordinary A shares of £1 each and 100,000 ordinary B shares of Is. each), to carry on the business of electric lightingand general engineers and contractors, suppliers of electricity, &c., and to adopt an agreement between O. Markiewicz, M. J. Stoeck and R. H. Markiewicz of the one part, and J. H. Gilmore of the other part. Registered office, 6, Broad- street Place, E.C. Woodfield Collieries Limited.—Under a compulsory winding-up order made against the Woodfield Collieries Limited, Blackwood, Mon., Mr. H. E. Burgess, Official Receiver, has issued his report to the creditors and share- holders. The accounts showed total liabilities £16,976, assets valued at £7,972 and a deficiency of £18,692 as regarded contributories. The company was formed in September 1907, with a nominal capital of £12,000, to acquire leases of the unworked portions of two seams of coal lying under land at Blackwood. The failure is attri- buted to inability to obtain sufficient working capital to enable the collieries to be more extensively worked, the cost of getting the coal being consequently out of proportion to its selling value, and also to the large increase during recent years in the cost of labour in South Wales and neigh- bouring districts. The liquidation remains in the charge of the Official Receiver. W. S. Manufacturing Company JLimited.—This private company has been registered, with a capital of £1,000 in £1 shares, to carry on business of machinists, engineers, founders, smiths, &c. First directors, W. M. Andrews and W. Spencer (both permanent). Registered office, 15, Summer-road, Birmingham. Mortgages and Charges.—The following have been registered in pursuance of the Companies Acts, 1907:— British Wagon Company Limited (issues on various dates from November 17, 1912, to January 20,1913, of £29,681 6s. debentures, parts of a series of which particulars have already been filed) ; Carlton Main Colliery Company Limited (mortgage dated April 5,1913, to secure £500); Dunkerton Collieries Limited (particulars of £10,000 fourth debentures created April 3,1913, whole amount now issued) ; Kent Collieries Limited (trust deed dated April 1, 1913 (supplemental to trust deed dated August 24, 1905), to secure £100,000, ranking pari passu with £150,000 debentures secured by principal deed) ; North Central Wagon Company Limited (issue on April 4,1913, of £14,200 debentures, part of a series); Tredegar Iron and Coal Company Limited (issue on April 2, 1913, of £300 debentures, part of a series) ; Easington Coal Company Limited (issue of April 10,1913, of £7,500 debentures, part of a series); Gloucester Railway Carriage and Wagon Company Limited (issue on April 14, 1913, of £2,660 debentures, part of a series); J. and G. Duxbury Limited (mortgage dated April 11, 1913, to secure £900 and further advances not exceeding in all £3,640, registered. Satisfaction in full on April 11 of charge dated March 7, 1913, securing £500, also notified) ; Ackroyd and Best Limited (issued on March 20, 1913, of £100 debentures, part of a series) ; Australian Coking and By-products Company Limited (mortgage dated July 25, 1912, to secure £3,495); Carlton Main Colliery Company Limited (mortgage dated April 17, 1913, to secure £750; satisfaction in full on March 11,1913, of debentures dated May 31, 1900, and January 27, 1906, securing £1,300); Lincoln Wagon and Engine Company Limited (issue on April 23, 1913, of £5,240 debentures, part of a series); Nortons (Tividale) Limited (mortgage dated April 10,1913, to secure £600); Shale Mining Company Limited (issue on April 11, 1913, of £50 debentures, part of a series); Torycoed Colliery Company Limited (issue on April 15, 1913, of £2,500 debentures, part of a series) ; Welsh Export Collieries Limited (particulars of £50,000 debentures created August 16, 1912, present issue £10,000) ; Effingham Steel Works and Rolling Mills Company Limited (issue on April 30, 1913, of £400 debentures, part of a series); Ferranti Limited (satisfaction in full on December 31,1912, of trust deed dated June 13, 1907, securing £20,000) ; Gloucester Railway Carriage and Wagon Company Limited (issue on April 28, 1913, of £1,350 debentures, part of a series); North Central Wagon Company Limited (issue on April 23, 1913, of £9,162 debentures, part of a series) ; Ebbw Vale Steel, Iron and Coal Company Limited (satis- faction in full on March 31, 1913, of mortgage debenture dated August 16, 1892, securing £32,509 6s.) ; Gloucester Railway Carriage and Wagon Company Limited (issue on May 5,1913, of £1,900 debentures, part of a series) ; James Keith and Blackman Company Limited (issue on May 5, 1913, of £270 debentures, part of a series) ; Moss Brick, Tile, Stone and Coal Company Limited (mortgage dated April 17, 1913, to secure all moneys due or to become due from the company to the National Provincial Bank of England Limited, 15, Bishopsgate, E.C.) ; Tredegar Iron and Coal Company Limited (issue on April 25. 1913, of £800 debentures, part of a series) ; British Wagon Company Limited (issues on various dates from January 30 to March 20, 1913, of £51,443 4s. Id. debentures, parts of a series); Bryn Wagon Company Limited (first mortgage debenture dated May 16,1913, to secure £500) ; Carlton Main Colliery Company Limited (mortgage dated May 20,1913, to secure £1,250) ; Duffryn Amman Colliery Co. (1912) Limited (particulars of £4,000 debentures created May 8, 1913, present issue £3,940) ; Miokley Coal Company (Dronfield) Limited (issue on May 2 of £500, and on May 10, 1913, at £93 15s. 8d. debentures, parts of a series) ; Craddock and Co. Limited (particulars of £2,500 debentures created April 25, 1913, present issue £1,400); Henry Whitehouse and Co. Limited (particulars of £3,000 debentures created May 1, 1913, whole amount now issued) ; Hodroyd Coal Company Limited (mortgage dated April 25, 1913, to secure £4,800); Mickley Coal Company (Dronfield) Limited (issue on May 2, 1913, of £200 deben- tures, part of a series) ; Newsham Colliery Company Limited (charge dated April 21, 1913, to secure final balance due on the current account with the North-Eastern Banking Company Limited, 22, Grey-street, Newcastle- on-Tyne); North Central Wagon Company Limited (issue on May 8, 1913, of £3,033 6s. 8d. debentures, part of a series) ; Weldless Chains Limited (particulars of £25,000 debentures created by resolutions of April 23, 1912, and January 22, 1913, whole amount now issued); Carlton Main Colliery Company Limited (mortgage dated May 21, 1913, to secure £1,900); Gloucester Railway Carriage and Wagon Company Limited (issue on May 26, . 1913, of £2,300 debentures, part of a series); Grinkle Park Mining Company Limited (two charges—as collaterals securities, dated May 19,1913, to secure all moneys due or to become due from the company to the North Eastern Banking Company Limited, Grey-street, Newcastle-on- Tyne) ; Mold Collieries Limited (particulars of £30,000,. including premiums, debentures created May 16, 1913, present issue £1,000 and £500 premium); National Explosives Company Limited (trust deed dated May 26, 1913, supplemental to trust deed dated November 19, 1908, to secure £40,000 prior lien stock, ranking pari passu with £40,000 like stock secured by principal deed); South Derwent Coal Company Limited (satisfaction in full in April of memorandum of deposit dated November 1, 1912,. securing £3,500); Torycoed Colliery Company Limited (issue on March 11, 1913, of £500 debentures, part of a series). ABSTRACTS OF PATENT SPECIFICATIONS RECENTLY ACCEPTED. 2301 (1913). Improvements in Chocks for Colliery Tubs or Wagons. P. Widdas, of Oakwood, Cookfield, co. Durham.— Consists of an arrangement whereby the flexure in one direction of the joint of a pair of jointed levers against a fixed stop will effectually hold the chock in position to prevent the release of a tub wagon or other vehicle; but the contrary flexure of the joint of the levers will bring the joint beyond and on the opposite side of the line joining the centre of the pivots of the two levers, to permit free movement of the chock to liberate a tub, wagon or other vehicle as and when desired. The invention also provides for the connection of the device with a runaway switch or the like, so that the switch is always open when the chock is not in a position to stop the tub. In order that the switch may be closed it is necessary that the chock itself must be replaced in position so that it will stop the tub, wagon or vehicle. The chock may be used—(1) Where full tub wagons or other vehicles run on a given road in one direction only. (2) Where full tubs, wagons or other vehicles run in one direction, and empty tubs, wagons and7 other vehicles run in the opposite direction on the same road in the latter case, additional levers are introduced so that the- chock is automatically opened to allow the empty tubs, &c., to pass in the one direction but automatically close again to prevent any full ones passing until required. The switch in this case is always opened when the chock is opened, and cannot be closed except by the person in charge of the chock.. In the application of jointed levers for the purpose of thia invention, a toggle joint is preferably employed and arranged in such a manner that no amount of pressure except through a breakage in one direction will force the chock open, and yet a slight pressure in the opposite direction will easily open the chock. Figs. 1 and 2 are plan and side elevation showing one practical embodiment of the invention applied to a railroad track for colliery tubs or wagons or the like. (Three claims.) 10388 (1912). A Guard for the Eyes of Ponies or other - Animals. W. J. Fletcher, 51, Chester-street, Wrexham, North Wales.—In this guard the view is left open at the front and back, it has no curved swelling coming down the front or back of the eye, but has strands or lengths placed * on the side of it, specially arranged. Fig. 1 is the complete guard not attached to the bridle. Fig. 2 is the same guard attached to a bridle fixed on the pony's head. Fig. 3 is a pattern of bridle used by some, having round eye holes. The guard is made of lengths or strands passing over the eyes with a space between each. The lengths or strands are all placed' transversely and not longitudinally, at a more or less oblique angle to the long axis of the head, slightly bent or curving longitudinally at their upper portion to pass over the orbit, so that they follow, each strand in rotation, the direction of the eye, but transversely across it. This is greatly assisted by having an aperture or space, over and across which the lengths are placed on the material, which material is usually leather and must not be wire, and comes in this case, when the guard is made, across the face from eye to eye at its lowest edge, and from cheekstrap to cheekstrap at its highest or upper edge. The aperture or space at its superior outline follows the line or angle of the orbital cavity, which is more or less oblique to the long axis of the head. This line or angle being—when the head with a bridle on is placed on a table—the superior or upper border or outline of the aperture, and gradually running back to the cheekstrap at its highest part. The inferior r