December 24, 1915. THE COLLIERY GUARDIAN. 1305 had joined the board of the Coalite Company because there had been so many imitations put on the market in the last 10 years that there must be money in it.—The Chairman, in reply to Mr. George Pratt, said he believed that a working arrangement was in the making, under which the Coalite Company would lease a portion of the land at Barking on which to erect their plant in conjunction with the Electric Supply Company.—Mr. W. H. Behrens asked whether the board had considered the replacement of lost capital out of profits before distributing any dividends, which was a very important question for their consideration. He had wit- nessed the commencement of coalite, which he thought was likely to cause a revolution in one of the greatest economic resources of the country. In Barnsley district alone there were a number of large interests waiting to see the result of the new experimental plant. If it proved a success, there was an immense field for future development in that coal field alone, to say nothing of the other coal fields of the country. He hoped the war would wake up the English manufacturer, because although the country for a hundred years had been in front in the matter of coal production, Germany had been allowed to surpass it in almost every industry connected with the distillation of coal. They had to go to Germany even for the ovens necessary to carbonise the coal. He would hail the success of the Barnsley Smokeless Fuel Company and the British Coalite Company as pioneers of that industry in this country.—Mr. Lyde said that if the new coalite was equal to the earliest—which he had used for three years—success was assured. If, on the other hand, they got such rubbish as they had had before Mr. Wellington joined the board, nobody would touch it. The first coalite was an ideal fuel.— The Chairman, in reply to Mr. Behrens, expressed the hope that, apart from the Wednesfield land, they would be able to pay dividends from their interest in the Barnsley plant alone. There was a demand throughout the country for by-products, and, assuming the success of their latest plant, wherever an opening presented itself every advantage would be taken of it. He agreed with Mr. Hyde that the coalite produced at first was fairly satisfactory, except for a certain powderi- ness, and that the later stuff was not satisfactory. But the article they had been turning out recently had been much better, and when they reached their full capacity, he had every reason to believe that coalite would leave nothing to be desired as a fuel.—The report and balance-sheet were adopted nem. con.—On the motion of Mr. Percy Bristowe, seconded by Mr. Sewell, the appointment as directors of Messrs. W. J. Fisher, J.P., T. St. J. Belbin, E. J. Clamp, C. E. Peczenik, and H. Willmott was confirmed, and Messrs. J. Conchie and S. Wellington, the retiring directors, were re-elected on the proposal of the chairman, seconded by Mr. Peczenik.—Messrs. Deloitte, Plender, Griffiths and Company were re-appointed auditors.—A vote of thanks to the Chairman was proposed by Mr. Todd, and carried by acclamation. Cassel Coal Company Limited.—The directors announce a dividend of 5 per cent. Davy Brothers Limited. — The directors announce an interim dividend at the rate of 5 per cent, per annum, less income-tax, on the ordinary shares for the half-year. Evans (Richard) and Company Limited.—Interim dividend of 4 per cent., free of tax. Leeds Fireclay Company Limited. — The war has very seriously affected the sales during the past year, while costs of production rose to an abnormal figure. Notwithstanding adverse influences, the directors have been able, by the development of new business, and the practice of rigid economies, to limit the loss on the trading for the year ended June 30 to £3,393, after charging £12,00# for debenture interest. Deducting the £1,007 brought forward, there was a deficit of £2,386, which has been charged to reserve fund. Early next year a scheme for the reduction of the capital will be placed before the shareholders. Lochgelly Iron and Coal Company Limited.—The directors have declared an interim dividend on the ordinary shares of 15s. per share, less income-tax. Monks, Hall and Company Limited. — The directors announce that the accounts for the half-year ended October have now been completed, and show satisfactory results. In view of the present uncertain state of affairs generally, the directors think it better not to declare any interim preference dividend, but wait for the results of the complete year’s trading. Union Steel Corporation (of South Africa) Limited.—The report for the 12 months ended September 30 states that during the financial year 43,319 cumulative 8 per cent, participating preference shares of £1 each were issued. On September 30 last 2,974 of these shares had been fully paid, while on the balance of 40,345 shares a sum of 17s. 6d. per share had been called up. The final call of 2s. fid. per share was payable on November 30 last. Certain units of the new plant are now in operation, but as regards the greater, and unfortunately the most productive, part thereof, the directors have to report that, owing to the demands of the Government on manufac- turers, its completion has been seriously delayed, while further delays have been caused by the congestion of the transport service both by land and sea. Whitstable and Canterbury Coal Fields Limited. — The annual report states that since* the last report very little has happened, beyond the fact that the bulk of the agreements for the requisite extensions of time have been granted. The directors, however, regret that they must repeat the state- ment which they made in their last report, viz., that certain land owners have unpatriotically considered the present to be a suitable opportunity to demand additional payment in the shape of what they term “ option money,” and that all such demands have been refused. It has been foqnd quite imprac- ticable to make any arrangements for further boring during the war, and the proving of the company’s area has there- fore remained in abeyance. Directors have drawn no fees since December 31, 1913. The liabilities side of the accounts shows a total of £16,979, which includes issued capital £11,282, creditors £5,697. The company has £1,500 cash in hand. The cost of the Harmansole boring, £3,067, has been written off, and the company have not admitted a contingent claim against them in respect to this boring. Witbank Colliery Limited.—The report for the year ended August 31 last states that the appropriation account for the 12 months may be summarised as follows :—Balance brought forward, £76,658; profit realised during the year, £67,396: interest, rents, and sundry revenue, £1,428: together, £145,482. Less : audit fees for previous year, £262; Govern- ment tax on profits for previous year, £3,691; income-tax to June 30, 1914, £1,842; capital expenditure for past year, £1,682; dividends (Nos. 20 and 21) declared during the past year, £42,000; directors’ extra remuneration, £1,500; tar con- tract settlement, £10,000; sundry items, £806; leaving to be carried forward £83,698. On February 28, 1915, the directors declared an interim dividend (No. 20) of Is. 6d. per share (7| per cent.) for the first half-year, and on August 31, 1915, a dividend (No. 21) of 2s. 6d. per share (12| per cent.) for the second half-year, making 20 per cent, for the year. A special general meeting has been convened to follow imme- diately after the annual meeting on January 28, 1916, for the purpose of considering a resolution authorising the extension of the objects of the company. The directors wish to enter into an arrangement with the company’s township at Witbank for the supply of electric light. NEW COMPANIES. Anglo-Russian Engineering Company Limited. — Private company. Registered office, 78, Furnival-street, E.C. Regis- tered December 11. Nature of business indicated by title. Nominal capital, £5,000 in 4,000 £1 10 per cent, preference and 20,000 Is. ordinary shares. Directors : J. T. Aplen, T. J. Edwards, E. C. Hoegerstaldt, and J. B. Webb. Davies (Mark) Limited.—Private company. Registered office, Benbow House, Cotton Hill, Shrewsbury. Registered December 13. To acquire, take over, and carry on business of boiler makers, dealers in minerals, engineers, electricians. Nominal capital, £5,000 in 5,000 £1 shares. Directors : W. Everall, F. J. J. Cooke, E. Clothier, and J. H. Barker. Drypool Engineering Company (Hull) Limited.—Private company. Registered office, 180, High-street, Hull. Regis- tered December 16. To purchase or otherwise acquire and carry on business of engineers, boiler makers, copper and general smiths, now carried on under style of the Cleveland Engineering Works, at Wilson-street, Kingston-on-Hull. Nominal capital, £3,000 in 300 £10 shares. Directors and subscribers (one share each) : T. Tate (managing director), R. Rix, and E. B. Rix. Perivale Explosives Limited.—Private company. Regis- tered December 16. To carry on business of manufacturers of explosives, gunpowder of every description, nitroglycerine, dynamite, guncotton, blasting powder, etc. Nominal capital, £5,000 in 5,000 £1 ordinary shares. Directors and subscribers (one share each) : D. Gestetner and G. H. Beaton (managing director). Productive Engineers Limited.—Private company. Regis- tered December 14. Nature of business indicated by title. Nominal capital, £1,000 in 1,000 £1 shares. First directors and subscribers (one share each) : J. Lawson and C. E. Booth. 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. LABOUR AND WAGES. South Wales and Monmouthshire. The Conciliation Board has arranged that the workmen Shall have two days’ holiday at Christmas, spread as between the two shifts, over Friday, Saturday, and Monday. The western district miners report that no fewer than 16 of the collieries in their district have been on stop, several thousands of men being affected; and they appeal to the anthracite men to support them in an approach to the Federation executive in order to secure relief. This support will be accorded. The fact that checkweighers have not been “ starred ” under the Derby recruiting scheme has been under dis- cussion, strong feeling being existent that these men should be “ starred,” especially as the employers’ weighers are “ starred.” Approach will therefore be made to the tribunals, the agents being instructed to make application to this end. The Anthracite Miners’ Association has had under con- sideration once more the question of foreigners employed at Abercrave, and it was reported to the monthly meeting on Saturday that after reference to the Home Office a satis- factory arrangement had been arrived at. The meeting on Saturday endorsed the agreement as submitted.—As to the engagement of Belgian refugees at the pit head, it was stated that these men were not charged full Federation entrance fees, but it was insisted that they should not be allowed to work underground unless their knowledge of English warranted it, or unless interpreters were provided. The question of the employment of women also came up, and it was decided that where women were employed, reports should at once be made to the agent.—Some difficulties had arisen as to the making-up of accounts under the new agree- ment, and the Federation executive are said to have decided that each district shall take action for compelling employers to comply with the terms of the new agreement. The executive of the South Wales Miners’ Federation met at Cardiff on Saturday, Mr. James Winstone presiding. In order that a number of matters might be discussed, it was resolved that a conference of the coal field should be held in January. The Miners’ Federation of Great Britain are to be asked to urge the Government to increase the amount of the old age pensions. North of England. At the annual meeting of the Durham Miners’ Association, held at Durham last Saturday, it was decided to contribute £1,000 from the general fund to the Red Cross Ambulance Association. There was a motion on the agenda that, owing to the increased cost of living, the agents should be instructed to meet the owners with a view to obtaining a war bonus, but this was withdrawn. The delegates adopted a resolu- tion in favour of the agents and executive committee meeting the owners on the question of rent allowances, and requesting that the allowance be increased from 5d. and 6d. per day to Is. per day, the higher rate to apply to all workmen to whom the house rent agreement applied. Federated Area. Grievances between the employees of the Blackwell Colliery Company and the management as to loose side- heading, breaking in, etc., have, after reaching an acute stage, finally been adjusted, as the result of an arbitration. The proceedings took place in London last week-end, Sir David Harrell, K.C.B., acting as arbitrator, assisted by Sir Thomas Ratcliffe-Ellis, on behalf of the owners, and Mr. Robert Smillie, for the workmen. Evidence was taken on both sides. The arbitrator’s decision, which affects all the collieries in Derbyshire of the Blackwell Company, is as follows :—“ That clause 6 in the Alfreton deep hard, clause 7 in the Blackwell A and B winnings, clause 6 in the Shirland, and clause 11 in the Alfreton soft coal, shall be applied as follows :—Where a loose side heading is required, the measurement shall fix the width which is to be driven. If the width so fixed exceeds the width mentioned in the above-named clauses in the said price lists, then, notwithstanding such excess, the total distances so fixed, if preferred, shall be paid for at the yardage rates provided for in such above-named clauses. It is further .agreed that the distances fixed in accordance with the above arrange- ment shall be a minimum of 8 ft. This agreement to come into operation at once.” With regard to the Shirland breaking-in dispute, it was agreed that a three months’ trial should be given of a system asked for by the men of breaking-in by explosives, and if, at the end of that period, it was found that the percentage of slack was increased owing to the use of explosives, then the right to use explo- sives should be relinquished. In the meantime, the men are to have all facilities for ascertaining the percentage of slack, both before and after the agreement comes into operation. At the annual meeting of the council of the Yorkshire Miners’ Association, held at Barnsley on Monday, the presi- dent (Mr. H. Smith), in the chair, consideration was given to the question of providing a convoy, or part of a convoy, of ambulances and equipment for the use of the Red Cross Society. In a statement to the Press, Mr. Smith said that, while the association felt that it was part of the Govern- ment’s duty to provide these things, and that they could not allow the members of the association to be put to more discomfort than was necessary, they had decided to submit the matter to the various branches with a request for sug- gestion for discussion at the next council meeting. Fifty ambulances and equipment would cost about £35,000, and their upkeep, after the first three weeks, could be provid?d at a cost of less than Id. per man per week. The deaths on active service . of 58 further members were reported to the council, making the total number of members of the association killed in the war up to date, 580. With regard to Christmas holidays for the miners, the council recom- mended the men to take only Saturday and Monday. Mr. Smith, referring to the recent conference in London, said the council were surprised to see the statement made by a Cabinet Minister, who advised the men not to ask for any further advance of wages. “ When,” commented Mr. Smith, “ we see the price of coal going up—and wages were, largely ruled by the selling price of coal—we feel that the men are due to a further advance, and that steps ought to be taken as early as possible to achieve it. Miners are glad to work loyally, but they cannot stand still while coal owners are raising prices indiscriminately, without asking, for an increase in wages, as provided for by the Conciliation Board rules. It should be realised by the public that wages only follow prices, and not prices the wages.” The council received a letter from Sir Richard Redmayne asking if the association could see its way clear to recom- mend its members to take fortnightly pav. ‘‘ The officials, members, .and delegates generally,” said Mr. Smith, “ are up against any such proposal. In Yorkshire we have never been used to fortnightly pay. The suggested change is, it -is stated, proposed on account of the present shortage of clerical help. But we see no necessity for the proposal.” The council dealt with a large number of men thrown out of work through the alleged refusal of managements to conform to the price list. Victimisation pay was granted to a further 36 members of Rotherham Main, making a total of 56; and Mr. J. Wadsworth, M.P. (general secretary), was instructed to ask the joint board to arrange a meeting to enquire into the matter, as, in the opinion of the council, every effort ought, to be made to prevent any stoppage of this character at this time of national crisis. With regard to a dispute at Grimethorpe Colliery relative to the standard rate of wages for datallers, the council instructed Mr. Wadsworth to write to Mr. Gill, asking for a deputation, and, failing that, to ask for a meeting of the joint board at an early date. Scotland. A meeting of the executive committee of the Scottish Union of Mine Workers was held at Glasgow, on Monday, Mr. Robert Smillie, president, in the chair. Mr. Robert Brown, secretary, submitted a circular which had been received from Sir Richard Redmayne, Chief Inspector of Mines, and chair- man of the Coal Organisation Committee, dealing with the question of fortnightly pays at collieries. It pointed out that the clerical staffs at collieries had been considerably reduced through enlistments, and that employers had the greatest possible difficulty in securing labour for this branch of work. The suggestion was made that the miners might consider the question of reverting from weekly to fortnightly pays during the currency of the war, as this arrangement would help to remove the pressure with which the coal owners had to contend. It was agreed that copies of the circular should be sent to the various county associations, in order to give the men an opportunity of deciding the question. Another circular from Sir Richard Redmayne was submitted, referring to the subject of men absenting them- selves from work at the collieries without sufficient reason. It was stated by several agents that they had already addressed meetings on this matter, and that the results had been satisfactory. It was agreed to issue a circular to the county associations calling attention to the subject. Iron, Steel and Engineering Trades. The British Steel Smelters, Mill, Iron, Tin-Plate, and Kindred Trades Associations have drawn up a saving scheme in connection with the War Loan. It has been decided to recommend the following scale of contributions :—From 20s. to 30s., 21 per cent.; from 30s. to 40s., 5 per cent.; from 40s. to 60s., 7| per cent.; and above 60s., 10 per cent. We are informed that Mr. Alan Williams, M.I.E.E., has removed to larger offices at 5, Chancery-lane, W.C. Mr. Williams represents the Anderston Foundry Company Limited, of Glasgow, and also the British Electric Plant Company Limited, of Glasgow and Alloa, Scotland. The President of the Board of Agriculture and Fisheries has appointed a committee for the purpose of making such arrange- ments as are likely to ensure the fullest use being made of native resources in supplying existing demands for timber. The committee are prepared to purchase standing timber, and to make arrangements where necessary for felling, hauling, and conversion. They will be glad to receive particulars of timber which land owners and others would be willing to sell for Government purposes. All communications for the com- mittee should be addressed to the secretary, Home-Grown Timber Committee, Craven House, Northumberland-avenue, W.C.