Skip to main content
Hide Articles List

6 articles on this Page

Advertising

Advertising
Cite
Share

futliuas Hottceg. Glamorgan Central Mineral Railway. (PROVISIONALLY REGISTERED,) CAPITAL f 500,000, in 25,000 SHARES of JE20 each. Deposit £2 ^9. per Share. PROVISIONAL COMMITTEE, Sir Digby Maekworth. Bart., Glen-Uske, Monmouthshire, and Cefnvdfa, Glamorganshire Sir Robert Price, Bart., M.P., Foxley, Herefordshire, andTondu, Glamorganshire The Hon. William Dawson Darner, Parkston Lodge, Poole, Dorsetshire John Bennet, Esq., Laleston House, Glamorganshire John Wick Bennet, Esq., Clifton. and Laleston, Glamorganshire Nash Edwards Vaughan, Esq., Rheola, Glamorganshire Rev. Robert Knight, Tythegstone Court, Glamorganshire Walter Coffin, Esq.,Landaff, Glamorganshire Morgan Price Smith, Esq., New House, Glamorganshire David Thomas, Esq., Pwll-y-wrach House, Glamorganshire William Jones, Esq., Pyle, Glamorganshire William Llewellyn, Esq.. Court Coleman, Glamorganshire Rev. Edward Doddridge Knight, Tredegar, Monmouthshire William Henry Buckland, Esq., Cadoxton Place. Glamorganshire John Hewitt, Esq., Tyr Mab Ellis, Glamorganshire Henry Stothert, Esq., Perrymead, Bath William Stothert, Esq., Southcot House, Bath John Rowland, Esq., Neath, Glamorganshire Uewetlyn Llewellyn. Esq., Margam Tin Plate Works, Glamor- ganshire Joseph Martin, Esq., Glyn Collen, near Swansea Leyson Hopkin Davey, Esq., Sarnfawr, Glamorganshire Henry Wyatt, Esq., Farm Hill, Stroud Jacob Riekotts, Esq., Brislington Hall, near Bath Hanbury Pargeter, Esq., West of England and South Wales Bank, Bath John Halcomb, Esq., Hungerford Jenkin Thomas Jenkins, Esq., Gelly, Glamorganshire Gwillim Traherne Jenkins. Esq., Duffryn, Glamorganshire Edward Thomas, Esq., Braich-y-Cymmer, Glamorganshire John Winkworth, Esq., Milsom-street, Bath George Edwards, Esq,, The Uolanda. Stroud uaviu w. James, Esq., Merthyr-Tydvil Thomas Stanley, Esq., Swinnerton. near Stone, Staffordshire John K. Welch, Esq., Berners-street, London Richard Thomas Gore, Esq., Queen-square, Bath Richard C. Gale, Esq., Winchester Joseph Rusher, Esq., Glynleiros, Neath, Glamorganshire William Brunton, Esq Cadoxton Cottage, Glamorganshire Henry Verity, Esq., Bridgend, Glamorganshire Francis Perry, Jun., Esq., Pyle Iron-works, Glamorganshire, and 5, Austin-friars, London George Halket, Esq., Wain Skeel, Glamorganshire James Hodgkins Allen, Esq., Porth Cawl, Glamorganshire George Wood, Esq., Daniel-street, Bath John Cottle Spender, Esq.. Gay-street, Bath John White Little, Esq., Bath Charles J. Hampton, Esq., Maesteg Iron Works, near Bridgend, Glamorganshire James Brown, Esq., Tondu Iron Works. Glamorganshire (With power to add to their number.) BANKERS. London,)Iessrs. Jones. Loyd, and Co. Cardiff Mes3rs. Towgood and Co. Neath & Swansea..The Glamorganshire Banking Company Bridgend "1 Bristol >The National Provincial Bank of England. Bath ) CONSULTING ENGINEBR-Joseph Locke, Esq,, F R.S. ENGINEERS. J. Scott Russell, Esq., F.R.S. Ed.; Messrs. Geo.&Wm. Lawford. SOLICITORS. London—Messrs. Rowland, Hacon, and Rowland, 38, Thread- needle-street. Bridgend—Mr. William Lewis. SECRETARY, pro tem.—Mr. John Henry Rowland. Temporary Offices, 38, Threadneedle-street. PROSPECTUS. A Single line of railway for the conveyance of minerals worked by horse-power has been for many years in use from the top of the Duffryn Llynvi Valley to the port and harbour of Porth Cawl, in the connty of Glamorgan, a dIs- tance of about 18 miles. This railway is the property of The Duffryn Llynvi and Porth Cawl Railway Company," a Company incorporated by an Act of Parliament passed in the year 1825, entitled, An Act for making and m3.intaining a Railway or Tramroad from or from near to a certain place called Duffryn Llynvi, in thc parish of Llangonoyd, in. the county of Glamorgan, to or near to a certain bay called Pwll Call, otherwise Ponh Cawl, in the parish of Newton Nottage in the same county. and for extending and improving th same bay by the erecrion of a pier and other suitable wprke for tbat purpose." The Duffryn 1 lynvi Valley is only one of several adjacent mineral valleys abounding with coal and iron ore (both argil. laceous and carboniferous, or biacVband) that remain un- worked for wapt only of a cheap commllnication with the sea. Porth Cawl is the natural outlet for the whole of these valleys, It wil! afford some idea of the riches of this distric', when it i(1 ltnown that the coal alone which it contains is estimated to exceed one thousand million tons, which would not be ex- hausted inless than five hundred years if three thousand tons per day were shipped, and a like quantity consumed in the manufacture of irOD. The numerous SHams of coal differ in quality, and are well adapted for domestic use, steam power, smelting of iron ore, and gas-light and manufacturing purposes. The distance of the cõal field from the shipping-place is not more than two-thirds of the distance of Newport and Cardiff from the coal fields which supply those pOfts It is therefore obvious that nothing is wanted but a commodious harbour, in order to secure, aJarre nprtinn of the coal trade of the Bristol Channel. riicr riffs greatly added to its importance, i ne lacimy wun ■which that ore as well as the coal is obtained, eSables the manufacturer to produce iron at a mnch lower cost than in any other known locality. The iron made with this ore com- bines the fluidity of the Scotch iron with the strength of the Shropshire. These peculiar advantages, when more fully developed, will naturally attract attention to this district, until it becomes one of the principal seats, if not the chief seat, of the iron trade. The discovery of the blackband iron ore, as well as the in- creasing demand for sea-borne coal, have already so greatly added to the traffic on the Duffryn Llynvi Railway, as to ren- der it quite inadequate to the present requirements of the office. Impressed with these circumstances, the Dyffryn Llynvi and Porth Cawl Railway Company have determined to make their own railway the basis of a much more extended scheme, in- cluding the whole of the important district above alluded to. and under the more comprehensive name of the Glamorgan Central Mineral Railway." This extended line of rallwav will embrace the richest mine- ral field in the principality, lying chiefly in the hundreds of Newcastle and Ogmore, comprising a district of nearly 100 square miles, abounding with coal and iron ore. It is intended to raise an adequate capital for constructing in the most efficient manner, to be worked by steam power, a branch line of railway up each of the mineral valleys into which the district is divided to connect them with the origi- nal trunk line into one general line of double railway, near Bridgend and to enlarge the harbour at Porth Cawl accord- ing to the plans of Mr. Scott Russell, who has lately 8uneyed it, and reported its capability to be inferior to none in the Bristo! Channel. It is also intended, for the convenience of passengers, to connect the main line with the South Wales Railway at two different points, which will also afford facilities of shipment at Port Talbot, Briton Ferry, Neath, and other ports accessible by the South Wales line. There are 14 blast furnaces at work and in course of erec- tion now in the Duffryn Llynvi Valley alone, and it may be reasonably expected that this number will be at least doubled by the time the whole of the contemplated lines are completed. The traffic of the Glamorgan Central Mineral Railway has been carefully estimated on the basis of the traffic now exist- ing on the Duffryn Llynvi Railway, and making a fair allow- ance for the certain increase oi that traffic, and the probable additions from the proposed branches, it is fonnd that the clear profit from minerals and heavy goods alone will, at a very moderate charge for conveyance, afford a clear dividend of 8 per cent. on the whole capital of the undertaking. This is exclusive of passenger traffic, which may be expected to yield a considerable and progressively increasing revenue. By far tbe greater number of vessels frequenting the ports of Cardiff and Newport pass the harhour of Porth Cawl, which is situated about midway between Cardiff and Swansea. The capabilities of Porth Cawl for the accommodation of shipping of the largest class, may be gathered from the follow- ing extracts from the report of Mr. Scott Russell, the engineer lately appointed to eumine it. The accessible situation and absence of all danger from the fDtrance of the harbour of Porth Cawl are such, that when the breakwater, the harbour, and the docks are completed, it cannot fail to be one of the most complete and valuable ports that coast, and will prove a great benefit to the surround- ing district of country, and to the merchant shipping generally frequenting the Bristol Channel, The break water will extend into 25 fset water, even at low water of spring tides, being sufficient to admit of merchant ships of the largest class being safely moored inside the breakwater at all times of the tide, and in all weathers. I conceive that the extension of this breakwater will afford 80 great accommodation to the merchant shipping of the Bristol Channel, that its extension and completion will be matter of national importance, and deserving of the attention and encouragement of the Government," It is intended to continue the very moderate harbour dues, ,wh;ch are levied under the existing Company's Act of Par- liament, and which, it is estimated, will be sufficient to keep the enlarged harbour in repair. The capital of the Porth Cawl and Duffryn Hynvi Railway Company is £90,000. consisting of ^50,000 in shares, and £ 40,000 in loans at interest, raised under the powers of their act. It is proposed that the original shareholders shall re- ceive, in lieu of their shares, as much stock in the new Com- pany as will, at the rate of £4 per cent. per annum, y ield a dividend equal to the revenue of the Duffyrn Llynvi Railway Company in their half-year ending the April next; but if such net revenue shall then exceed £ 12 percent, per annum, no additional value shall be given in respect of such excess; or the original shareholders may, if they prefer it, receive the value of their shares, according to the same esti- mate, by instalments payable as the caUs on the new capital are made, and bearing interest in the meantime at the rate of £4 per cent. It is also intended to purchase the shares in the Bridgend Railway (which is a short branch from the Duffrvn Llynvi Railway J, the present capital of which is under £7,000. The usual power will be taken for paying £4 per cent. into. rest on the paid-up capital; but it is conside-ed that the cur- rent revenue of the present line, during the outlay of the new .capItal, will yield a dividend of at least £4 percent., without applying any portion of the capital to the payment of the interest. No subscriber will be answereble for more than the amount of his deposit until the act is obtained, and then not beyond his subscription. Applicants tor shares, who are personally known to men. bers of the Provisional Committee, are requested to refer to one of such Committee all other applicants most give a reference to some banker or person of known respectability in London or the town from which the application is made. Prospectuses may be obtained from the Secretary, at the offices of the Com^auy or from the solicitors; or from the following sharebrokers, to auy of whom applications for shares (in the annexed form) may be made Luuduu-Mesus. Oauel, Cuerton and Lawford, Pope's Head Alley, Corohill. Liverpool.Mr. E. Baylitfe, 14, Exchange Chambers. Mr. H. W. LtMas, Royal Bank-buildings. I Manchester ..Messrs. Cardwell and Scnc. I Messrs. Haynes and Tyndail. Birmingham.Mr. J. R. Lane. Bristol Messrs. Fdwards and Son. Messis. Sohmes and Tripp. Bath Mr. R. P. Lemon, North Parade. Swansea Mr G. Turton Stroud. I.eeds Messrs. Watson and Co. Flymouth .Messrs. Hopwood and Palmer. Exeter .••• Mr. S.Sandford. Taunton Messrs. Lemon and Griffith. Southampton.Mr. Josh. Clark, jun. Cheltenham ..Messrs. Hall, Brothers, and Co. Gloucester .Mr. J. N. Balme. Glasgow .Messrs Black and Lorimer. Edinburgh.Messrs. Robertson and Co. Dublin Messrs. Labertouche and Stafford. FORM OF APPLICATION FOR SHARES. To the Provisional Committee of the Glamorgan Central Mineral Railway Company. Gentlemenl-l request that you will allot to me shares in the above Company and I hereby undertake to accept the same, or any portion of that number you may allot to me. also to pay the deposit of £ 2 2s. per share, as well as all future calls, and to sign the parliamentary contract and subscribers' agreement when required. Date Name at full length Residence. Trade or profession Place of bus ness Usual signature Reference

Manchester & Milford Haven…

Advertising

Great Gwendraeth Yale ami…

GREAT WEIM CESTUAL MILWAI

Advertising