October 9, 1914.

THE COLLIERY GUARDIAN.

785

CONTRACTS OPEN FOR COAL AND COKE.

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

Abstracts of Contracts Open.

Abergavenny, October 12.—Good house coal to the Coun-
cil schools. Information from Mr. Fred Baker Gabb, clerk
to the group.

Aldershot, October 9.—Household and smiths’ coal at
the Witley and Bramshott army camps. Forms from the
District Barrack Office, Stanhope Lines, Aidershot.

Barkway (Herts), October 15.—30 tons best house coal
for the Barkway Coal Club. Tenders to Miss Copeland,
Bark way, Boyston.

Barrow-in-Furness, October 16.—Coal for the Corpora-
tion. Form from the Director of Education, Town Hall.

Belper, October 14.—For supply of coal, etc., to the
isolation hospital, for the Authority. Forms of Mr. J. Pym,
clerk, Bridge-street, Belper.

Bromsgrove, October 12.—Coal and coke for the Broms-
grove Higher Education Committee. Tenders to Mr. J.
Lloyd, correspondent, Education Offices, Bromsgrove.

Cairo (Egypt), October 20.—For the Egyptian State
Railways and Telegraphs Administration :—(1) 360,000
metric tons of Welsh steam coal, and (2) 40,000 metric tons
of Lambton’s steam coal. Forms from the General Manager,
Egyptian State Railways and Telegraphs, Cairo.* Price,
2s. each.

Dublin.—Coal, 20,000 tons Lanarkshire or Ayrshire washed
double nut coal, for the directors of the Dublin United
Tramways Company. Full particulars from Mr. R. S.
Tresilian, secretary, 9, Upper Sackville-street, Dublin.

Dublin, October 14. — Best Wigan coal for the South
Dublin Guardians. Tenders to J. P. Condon, clerk of the
Union, 1, James’s-street, Dublin.

Hull, October 21.—Coal required by the Property, Works
and Baths Committees of the Corporation. Forms from A.
E. White, Guildhall, Hull.

Limerick (Ireland), October 13.—300 tons of coal for
the Committee of the Limerick District Lunatic Asylum.
Form from the Storekeeper.

Spalding, October 12.—150 tons of best Shipley or best
South Normanton steam coals for the Guardians. Tenders
to H. Stanley Maples, clerk to the Union, Spalding.

Wakefield, October 17.—Coal and coke for the Educa-
tion Committee. Particulars from P. Glover, Education
Department, Town Hall, Wakefield.

The date given is the latest upon which tenders can be
received.

CONTRACTS OPEN FOR ENGINEERING, IRON
AND STEEL WORK, Ac.

Bassett (near Southampton), October 20.—Reservoir.
—Watertight covered reservoir of a capacity of seven million
gallons, and works in connection therewith, for the South-
ampton Corporation. Specifications from the Waterworks
Engineer, 33 and 35, French-street, Southampton, on
deposit of £5 (returnable).

Cowes (I.W.), October 26.—Boilers, Pumps, etc.—New
boiler, steam pumps, and set of treble barrel deep well pumps
capable of raising 18,000 gallons per hour, for the Urban
District Council. Specification from Mr. J. W. Webster,
on deposit of £1 (returnable).

London, S.W., October 20.—Steel Rails, etc.—For the
Madras and Southern Mahratta Railway Company Limited,
several tons of steel rails, fishplates, and screw spikes.
Specification from Secretary, 91, York-street, Westminster,
S.W., on payment of HL Is.

* Specifications, particulars, etc., may be seen at the
Commercial Intelligence Branch of the Board of Trade,
73, Basinghall-street, E.C.

COAL, IRON AND ENGINEERING COMPANIES.

REPORTS AND DIVIDENDS.

Algoma Steel Corporation Limited.—It is officially stated
that the non-payment of interest due October 1 on the first
and refunding mortgage 5 per cent, bonds is due to the
serious cancellation of orders which has taken place owing to
the war, and to the increasing difficulty in obtaining prompt
payments for the company’s products. In the ordinary
course of events, the corporation was in a good position as
regards orders, but in the present circumstances it has been
deemed advisable not to make the payment referred to.

Allen (Edgar) and Company Limited.—The directors have
declared an interim dividend on their 5 per cent, cumulative
preference shares for the half-year ending September 30.

Alley and MacLellan Limited.—Warrants for interim
dividend on the 5| per cent, preference shares due Sept. 30
have been posted.

Anglo-Spanish Coaling Company Limited.—The directors
announce an interim dividend at the rate of 6 per cent, per
annum, tax free, for the half-year ended June 30, payable
15th inst.

Bradford Coal Merchants and Consumers’ Association
Limited.—The preference share dividend warrants for the
six months ended September 30 have been posted.

Cortonwood Collieries Company Limited.—The directors
have declared a further interim dividend of 2J per cent.,
less tax. This will make 12J per cent, already pa’id in
interim dividends on account of the current year.

Cory (William) and Son Limited.—Warrants for the half-
yearly interest to September 30, 1914, on the 4 per cent,
first mortgage debenture stock and 4J per cent, debentures
have been posted.

Dominion Iron and Steel Company Limited.—The direc-
tors announce that they have decided to defer payment of the
dividends on the preferred stock due October 1.

Drake and Gorham Limited.—The report for the year
ended June 30, 1914, states that, after payment of all
charges, including bonuses due to staff, and making pro-
vision for contingencies, there remains a net profit of £8,215,
which, with £1,716 brought forward, makes a total of
£9,931, which it is proposed to appropriate as follows :—
Dividend at the rate of 4 per cent, per annum, £5,000;
writing down goodwill, £3,000; carrying forward, £1,931.
After careful consideration, the directors have decided not to

defer payment of dividends to the shareholders, as they
appreciate the necessity for maintaining the circulation of
money.

Hurst, Nelson and Company Limited. — The directors’
report for the year ended July 18 states that, after deduc-
tion of repairs, directors’ fees, management salaries, and
other charges, the accounts show a gross profit of £61,094
for the 12 months. From this is deducted £1,088 for income-
tax and interest, £8,201 for depreciation, and to the balance
of £51,803 is added £2,252 brought forward, making £54,060.
The directors recommend, in addition.to the payment of the
preference dividend to November 11, a dividend at the rate
of 5 per cent, on the ordinary shares, and after reserving
sufficient to pay preference dividend to May 15, place to the
reserve fund for the security of dividends on preference
shares £10,000, and to the general reserve account £10,000,
carrying forward £16,810.

Indian Collieries Syndicate Limited. — The 13th annual
general meeting of this company was held at Orient House,
New Broad-street, London, E.C., on Wednesday, October 7,
Mr. A. Simson (chairman of the directors) presiding. In
submitting the accounts and report, the Chairman said that
at their meeting last year he had informed them that the
year had opened with the misfortune of serious floods,
which were of an unprecedented and disastrous nature.
These floods occasioned a considerable reduction in the out-
put of coal, and entailed heavy extra expenditure, thus
exercising an adverse influence upon the year’s results, as
they would see by the accounts. The net profit amounted
to £5,912 19s. lid., and with the balance brought in from
the previous year, the syndicate was able to pay the divi-
dend on the preference shares, appropriate £3,590 to the
sinking fund for the redemption of debentures, and carry
forward into the current year £10,470 13s. 4d., a some-
what larger amount than the opening balance. They had
thought it prudent in the present circumstances to husband
the company’s financial resources, and did not, thex«fore.
recommend a dividend on the ordinary shares. The reserve
—which takes the form of a fund for the redemption of the
debentures—now amounted to £18,590, and the debentures
outstanding were £66,410. On buildings and plant there
was an increase of £3,923. The stock of coal and stores
showed a larger total by £2,047, and the coal bills out-
standing by £1,178, whilst cash in hand was about the
same. On the other hand, loans and bills payable have
increased by £9,471. After the floods he had alluded to,
the mines were dewatered as quickly as possible, though this
took a long time, and protective works have been carried out
on the surface which it is hoped will protect them from
similar disaster should its causes recur. The general posi-
tion of the coal industry in India, continued the Chairman,
was promising. The output of 1913 was nearly 15| million
tons, and again constituted a record, being about 10| per
cent, over the previous year, notwithstanding the loss of
output owing to the floods. The position, however, may be
modified by the war and economic disturbance. On the
one hand, the cessation of shipments of coal from the West
was throwing India entirely on her own resources. Ships
fill up their fuel requirements for the voyage on leaving
India, and Eastern ports look to India for supplies. On the
other hand, the general restriction of trade could not fail to
have an injurious effect on local demand. The Chief
Inspector of Mines, he was glad to see, considered the
industry to be in a very healthy condition, and he trusted
they would, after the reverse they had suffered, now be in
a position to retrieve what they had lost, and once more
achieve more remunerative results. On the proposal of the
Chairman, seconded by Mr. W. H. Cheetham, it was agreed
that the report for the year ended June 30, 1914, be adopted
and the accounts passed. It was then proposed by the
Chairman, and seconded by Mr. H. F. Brown, “ that the
interim dividend of 3J per cent, on the preference shares
paid on March 20, 1914, be hereby confirmed, and that a
further dividend of 3| per cent, on the preference shares be
and is declared payable forthwith.” This was agreed to
nem. con. Sir Ralph P. Ashton was re-elected a director
of the company upon the proposition of the Chairman,
seconded by Mr. C. C. Kilburn.

International Nickel Company Limited.—Dividend of 2|
per cent, on the common, payable December 1.

St. Helens Colliery and Brickworks Company Limited.—
The annual report for the year ended June 30 recommends
the payment of a dividend of 4 per cent, for the last half-
year, making 8 per cent, for the year. After provision for
debenture interest, payment of interim dividend, etc., the
profit for the year is £12,190. It is recommended that £250
be allocated to the War Relief Fund and £50 to the Belgian
Relief Fund.

Thom (Alexander) and Company Limited.—The directors
have declared an interim dividend on shares as reduced by
order of the court dated July 20, 1914, at the rate of 5 per
cent, per annum on the ordinary shares, and 6| per cent,
per annum on the preference shares for the half-year to
July 31.

Vulcan Foundry Company Limited.—The year’s profits,
after paying fees, etc., has been £146,040, as against
£109,989 in 1912-13, £60,033 in 1911-12, and £43,311 in
1910-11. The report states that, in view of the general finan-
cial strain, the board recommend the payment of a dividend
of 15 per cent, on the ordinary shares. They also put
£17,000 to the reserve for maintenance and renewals. The
balance carried forward is £121,965, as against ££9,180
brought in.'

NEW COMPANIES.

Anglo-Spanish Metal Company Limited. — Private com-
pany. Registered September 26. To acquire, develop, and
turn to account a process for the concentration of ores and
letters patent thereof, and to acquire any mines, mining
rights, and claims; also to carry on business of smelters,
engineers, builders, coopers, manufacturers of chemical sub-
stances, colliery proprietors, ship owners, etc. Nominal
capital, £50,000 in 10,000 £1 preference shares, and 40.000
£1 ordinary shares. First directors shall be appointed by
subscribers. Qualification of directors, £50. Subscribers
(one share each) :—Alfred Methuen, Lloyds, E.C., under-
writer; E. J. Welton, Lloyds, E.C., underwriter; A. E.
Goddard, Bush-lane House, Cannon-street, E.C., company
secretary.

Hall, Streeter and Company Limited.—Private company.
Registered September 25. To carry on business of iron-
founders, mechanical engineers, etc. Nominal capital, £100
in £1 shares. Directors and subscribers (one share each) :—
W. Swales, Holme Lea, The Green, Southwick, Sussex,
contractor-, A. I. Hall, 7, Kingston-terrace, Kingston-by-
Sea, Sussex, motor engineer; A. Streeter, 2, Norfolk-cottages,
Shoreham, Sussex, engineer.

Le Due Limited.—Private company. Registered Sept. 22.
Iron founders, brass founders, aluminium founders, and
general engineers, and to acquire business carried on by H.
Spencer and F. T. Le Due at Chalk Farm as “ Spencer and
Le Due.” Nominal capital, £250 in £1 shares. Sub-
scribers (one share each) :—Francis Thomas Le Due, 18,
Ferdinand-place, Chalk Farm, N.W., iron founder; Annie
Ellen Clark, 18, Ferdinand-place, Chalk Farm.

Massis Oil Transport Company Limited.—Private com-
pany. Registered office, 4, Lime-street-square, E.C. Regis-
tered September 30. To carry on business of oil well pro-
prietors, oil producers, manufacturers, dealers, refiners and
merchants, colliery proprietors, coke manufacturers, miners,
smelters, engineers and contractors, ship owners, etc.
Nominal capital, £50,000 in £1 shares. Directors :—A. O.
Goukassaw, 3 and 4, Lime-street-square, London, E.C.,
merchant; J. O. Goukassaw, Petrograd, Russia, merchant;
F. Gilbert, 3 and 4, Lime-street-square, London, E.C., oil
broker.

Pilkington (W. R.) and Sons Limited.—Private company.
Registered office, 24, Glovers-court, Preston, Lancashire.
Registered September 29. Engineers, machinists, iron, steel,
brass and bronze founders, smelters, smiths, galvanisers,
platers, and enamellers. Nominal capital, £1,000 in £10
shares. Sole director : W. R. Pilkington, Dowry House,
Bamber Bridge, near Preston, engineer.

Travers (Stanley M.) Limited.—Private company. Regis-
tered October 2. Builders and contractors, dealers in coal,
iron, steel, and hardware, electricians, mechanical engi-
neers, metal manufacturers, etc. Nominal capital, £1,250
in 1,000 £1 preference shares, and 5,000 Is. ordinary shares.
Directors and subscribers (one preference share each) :—>
Stanley M. Travers, Barkston-gardens Hotel, S.W., mining
engineer; Elie J. Lacombe-Lane, 8, Waterloo-place, Pall
Mall, international patent expert.

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.

Notice is given that* at the expiration of three months it
is proposed that unless cause be shown to the contrary the
following companies will be struck off the register and dis-
solved :—Brookes’ Anthracite Syndicate Limited; Cumber-
land Power Syndicate Limited; Derry and Antrim Ore Com-
pany Limited; Glanamman Anthracite Collieries Limited;
Henllys Collieries Company Limited; Hesleyside Coal Com-
pany Limited; New Agglomerates Limited; Northern Natal
Mining Syndicate Limited; South Wales Anthracite Amal-
gamation Syndicate Limited; Stockport Engineering Com-
pany Limited; Stradey Galvanizing Company Limited;
Warsop Petrol Rock Drill Syndicate Limited ; Whitworth
Collieries Limited; Wolfram (Tungsten) Syndicate Limited.

OBITUARY.

The death is announced of Mr. W. P. James, colliery
proprietor, who passed away at his residence, in Abersychan,
last week. In early life he was associated with the Powell
Duffryn Company, and was afterwards manager of the
Ebbw Vale Company’s properties at Abersychan. Sub-
sequently he commenced business for himself, in partnership
with Mr. Rhys Emanuel, and became chairman of the
Tirpentwys Colliery Company, Pontypool.

The death of Aiderman Henry Cowburn, of Leigh, which
occurred on Wednesday of last week, has removed a well-
known figure from the coal trade in Lancashire. The
deceased, who was 72 years of age, was born at West-
houghton, and he commenced work at Broad Field Colliery,
in 1858, under Mr. John Speakman. After the passing of
the Coal Mines Regulation Act, in 1873, he was appointed
manager, and he retained the position until the colliery
was closed down in 1881. Then he entered into partnership
with Mr. Uns worth, as colliery owners, Brookside Colliery,
Westhoughton and Hindley, the business being still carried
on under the style of Uns worth and Cowburn. Aiderman
Cowburn had a long record of public service to his credit.
He was a member of the old Local Board at Leigh from
1880 to 1894, when he was appointed to serve on the Urban
District Council. He served as chairman of the Council,
and in 1899, upon the incorporation of the borough, he was
elected to a seat on the Town Council. He was elevated to
the aldermanic bench in 1903, and was mayor of the
borough in 1903 and again in 1910-11. In June last he was
elected the first freeman of the borough. He was a
magistrate, an overseer, a governor of the Grammar School,
and a trustee of France’s Charity. He was a member of
the British Association, and in politics a Liberal. Aiderman
Cowburn had not been well for some time before his death,
and a fortnight or three weeks ago he caught a chill and
pneumonia supervened. He has left a widow—his second
wife—and a son and daughter. The funeral took place on
Monday.

A link with the early life of the now popular inland
watering place of Ilkley was severed last week by the
death, at the age of 73 years, of Mr. John Emmett, who was
for a long time one of the best-known coal merchants in
Wharf edale.

The death has occurred at Wight wick, near Wolver-
hampton, of Lady Hickman, widow of the late Sir Alfred
Hickman and grandmother of Sir Alfred Hickman, of the
4th Dragoon Guards, who is reported wounded and missing.

News has been received from Boston of the death, on
October 3, of Mr. Gardiner Martin Lane, a director of the
United States Steel Corporation, &c.

Immingham Coal Exports.—The official returns for the
week ending October 2 show that 16,508 tons of coal were
shipped from Immingham. Bruges, 970 tons ; Buenos Ayres,
3,796 tons; Paulo Vecchio, 4,143 tons; Bilbao, 1,535 tons;
Gottenburg, 4,206 tons; Aahus, 770 tons; Lemvig, 888
tons; Ramsgate, 240 tons. The returns for the correspond-
ing period of last year were 40,868 tons.

Partnerships Dissolved.—The London Gazette announces
the dissolution of the following partnerships :—WT. A.' Hey-
wood and J. G. Strange, engineers, at Peel Green, Lan-
caster, under the style of Heywood and Strange; G. F.
Smart and G. B. Clark, engineers and manufacturers of
gumming machines, at Clifden Works. Clifden-road, Clapton,
London, under the style of Smart and Clark; R. E. Horrox,
mining engineer, and Nellie Greaves, widow, under the
style of Horrox, Greaves and Company.