The Cambria Daily Leader

LLANELLY. I A young Jjlaiiellyite in the person of ) Mr. W. Arthur Richardi, has obtained I both de?rep? of M.B. and B.Sc., London. Since he IcT': the Llanelly Com?y SdwoJ, I just over five years ?ga. Dr. Richards has bad a brilliant acadeimcal career. Re- cently he resigned the post of House Surgeon at Charing Cross Hospital, hav- ing now obtained the appointment of Assistant Tuberculosis Officer for Che Lor: lud also that nt House Phy8ician at the  Brompton Hospital for lung and client disease?. He had piwri'suslv obtained the ilp!oma< of M.R.C.S. and L.R.C.P.. and w? extend to him our congratulations apon h3 recent success The late"t lifh of war honours in?ndf? the n me of C.S.M., E. O. Powell, Llan- 4 oily, who has been awarded the M.S.M. for services in Egypt. It is hoped to arrange an attractive football match at Llanelly for Kew Tear's Day, the object being to mige funds for an X-R-av apparatus nit the General Hospital. Mr. Jack Auckland, the ex- Llanelly captain, and Mr. A. R. Trub- fihaw. the Cambridge blue, are interest- ing themselves in the laudable object.

CADOXTON. Mrs. C. Coombe Tennant, of Cadoxton I/odge. p,-Lid her annual visit to Cadoxton Council Schools on Friday. It has been the custom of Mr. and Mrs. C. Coombe Tennant each year since their marriage to present, on the anniversary of their wedding day, December 12th, book prizes to the four best regular and moat punc- tual scholars in the schools. This year Mr. Tennant was absent through illness. Last year's visit having been postponed, there were eight prizes to be given. Be- fore the presentation the children enter- tamed their visitor with songs and reci- ta lions, with which she was extremely pleased. Mrs. Tennant then addressed ) the children, and showed them how' school and home life influenced their characters. The prize winners were ttlen called upon, viz., May Hughes, Milly1 Bow-en. Leslie Bendle, and Gwyn Morgan I (senior school), and Mary Davies, Mar- jorie Hancock, Francis Gordon, and Johnny Belcher (junior schol). This visit is always greatly appreciated and eagerly looked forward to.

The Day's Gossip. Leader" Office, Monday. Shall we give Christmas Boxes this year? Will the postmen expect one? Will the dustmen ? The butcher's boy, the grocer's boy-well yes, with these it will be carry on but about the others the position is less certain. An official of the Pcwtmen's Federation spoken to with re- gard to the question, said that the ex- service men have returned from the front with a spirit of independence which re- sents the idea of soliciting gratuities at Christmas time. They have manifested this quite independently of any sugges- tion on the part of the Council. The Council, however, is heartily in sympathy with the men in the stand they have vol- tintapily taken, but at present it is leaving the branch organisations io decide their own policy. These branches have perfect local autonomy in the matter, and it seems probable that most of them will come into line and advise their respective members not to solicit Christmas boxes. In these circumstances the Council, may not issue definite instructions from head- quarters, thongh a strong resolution nas been passed discountenancing a practice which the postmen themselves regard as humiliating and degrading." I The Gratuity. Where a gratuity is offered by a houeeholder in a spirit of seasonable gen- erosity and in recognition of services faithfully performed, the postmen will be free to exercise their own discretion in regard to acceptance; but some of the branches have isued notices requesting the public to assist the movement by not offering the men money." I "Dictionary of Welsh Musicians." I, The response to the appeal to musi- cians and the public in general re the proposed "Dictionary of Welsh Musi- cians, Past and Present," has, on the whole, been very satisfactory. The result, we are confident (writes Mr. Gwilym Davies, Mus. Bao., and Mr. HRydn Matthews) will be a volume which will constitute a valuable and in- dispensable acquisition to the library of every enthusiast in the cause of our native art. The number of orders in advance for copies of the work already received has exceeded our most s;a 7?? till?e expectations. Therefore, we wish to emphasise and urge upon those profes- sional and amateur musicians who. through a certain dilatoriness or lack of sufficient interest in their own careers, h ndtyet.,respondd to our letter of appeal, the importance of doing so in the course of the next few weeks, The Harp in Wales. Perhaps the outstanding feature of the whole correspondence so far has been that relating to the harp and its ex- ponents. This has revealed to us in a Striking manner the super-eminence of the harp, and will, without a doubt. tend to re-establish that wonderful instru- ment as the national musical instrument of. Wales. The correspondence we have had with such notable harp enthusiasts as Mrs. S. Barrington, Grufjdd- Riehards (Pencerddes y De) in relation to her late father, Grufydd y De, harpist to the Prince of Wales (after- wards King Edward VII.) and herself and the late John Jones, of Dolgellau, and others, has been of Mch absorbing interest that it alone will in no qma,? measure, compensate for the labour en- tailed in the preparation of the work." A New Book. The Idea of Atonement in Christian Theology was the subject chosen by Dr. Hastings Ra&hdall, Dean of Carlistc, for the Bampton Lectures of 1915. The eight lectures are to apnenr in volume forui through Messrs. Maemillan and Co., arranged under the following heading^:— 1. The Teaching of Christ ib-iif, Forgive- iia;3 II. The Pre-Panline and the Paul- h.}ö Doctrine of Atonement. III. The Teaching of Primitive Christianity. IV. Patristic Theories. V. Latin Theology before St. Augustine—Augustine, Anselm, Abelard. VI. Scholastic Theories VII. Luther and the Reformation. VIII. The Troth of the Atonement. The *hree Ap- pendices dkial with The Atonement and Christian Experience; Christianity and the Mystery Religions; and D^ Dale's viow of the Atonement, and some other modern theories. "Mr. Chairman." I The success or otherwise of a meeting I depends to a very .large degree on the chairman, that is to say, m meetings, like that of public boards and councils where there is free discussion and a num- ( bor of different subjects have to be dealt with. men possessing the qualities essen- tial for a chairman are unfortunately few, and adoption of the somewhat dubious principle of regarding the chairmanship at, an honour rather than a responsibility which moves public bodies to consider seniority or other qualification (which in thèmselv8 hold no guarantee of effici- oncy in this peculiarly difficult office) does not tend to make the position easier. A chairman (if his specialised skilled work is to be done) needs, firstly an iron will; secondly, an absolutely unbiassed Ioutlook; thirdly, adaptability for gripping quickly the crux "Of a question; arul fourthly (quite as important as any), a kind consideration for faulty debaters and urbane manner of leading his flock to the real points at issue. A casual recall of local bodies we have known will demon- strate very clearly the way in which Mr. Chairman has ensured efficiency, or, on the other hand, not insured it. in the ptiblic business of Swansea ———— The Trees of Arras. A passage in Lord Dunsany 6 new hook, Unhappy Far-Off Things," recalls to me vividly am hour I spent last year, just I. before the Armistice, in and around the ruins of Arras Cathedral; I remember it also in 1016, but the cathedral was too apt to be visited by shells then to make a visit of inspection anything but a fool- hardy business. Lord Dunsany writes in one of his sketches: On the great steps of Arras Cathedral I saw a procession, in silence, standing still. They were in orderly and perfect lines, stirring or swaying slightly. Some- times they bent their heads, sometimes two leaned together, but for the most part they were motionless. It was the time when the fashion is just changing, and some were newly all in. shining yellow, vhile others still wore groeh. I went up the steps amongst them, the only human thing, for men and women worship no more in Arras Cathedral, and the trees have come instead, little humble things, all less than four years old, in great numbers thronging the steps procession- ally, and growing in perfect rows just whero step meets step. They have come to Arras with the wind and the rain; I I which enter the aisles together whenever I' they will, and go wherever man went; they have such a reverent air, the young limes on the three flights of steps, that ?you would 6áy thoy did not know that Arras bad fallen on evil days, that they did not know they looked on ruin and vast disaster, but thought that these great waHg open to stare and sun were 1 the, natural and fitting place for tho worship of little weeds." When we were on th<?e great steps last October we paw the liuies, and wondered how they got there I

ï NEW ISSUE. A copy of this Prospectus has been filed with the Registrar of Joint Stock Com- panies. Application will be made to t,he Committee of the Stock Exchange for special permission to deal in the Shares of the undermentioned issue. The SUBSCRIPTION LIST will CLOSE on or before FRIDAY, the 19th day of December, 1919. THE WELSH MINES CORPORATION, LIMITED (incorporated under the Companies Acts. 1908 to 1517.) Authorised Capital, 450900091 Divided into 44,000 10 per cent. Participat- ing Preference Shares of El each, and 120,000 Ordinary Shares of 1s. each. The Participating Preference Shares carry a preferential dividend of 10 per cent, per annum, and 60 per cent, of the, remaining profits distributed by way of dividends, the Ordinary Shares being entitled to the re- maining 40 per cent. Issue of 44,000 10% Participating Pre- ference Shares of £ f each at par. Payable 1/- per Share on Application, I 4/. per Share on Allotment, and the balance in Calls not exceeding- & per Share, at intervals of not less than one month. TIrE BANK OTl LIVERPOOL & MARTINS, LTD.. 68, Lombard-street, London. E.C.3 are authorised, a* Bankets of the Company, to receive subscriptions for the above named issue. WRiECTCRS. CAPT. THE RT. HO. THE EARL OF LISBURNE. Oros&wood, Cardiganshire. (Obaimail.) N. GOLD 1IA S, 96. jUdgmontg-,Furdens. Lon- don, W.C.I. C. 8. QUAETERMAIJJE, Royal Automobile Club, Pali Mall, London, S.W.I. E. A. WAKEFIELD. Lymehureb, fisher. B. R. NANCARROW, Assoc. inst. M.M.. Pontrhy-dygT'CKss, Cardiganshire. BAiflf HRS.—BAJvK OF LIVERPOOL & MA!aN8., LIMITED, 68, Lombard Street, London, £.0.3. SCLIQIOIIS.-KERLY. SOXS k KAJRUTH. 10 & 11. Austin Friars, London. E.O.2. AUDITORS.—PASKBLli & CO., 13 14, liafStngQall Street-, London, E.C.2. SB-0&ETART and REGISTERED OFFICES. PHiLil' J. PAi-NE, 80 fiishopsgate. London. E.C.2. ABRIDGED PROSPECTUS. The Company is formed wtth the objects set iorth in the kemoranuum of Association and in particul.ar:- (,1) To acquire amd develop valuable mining and wa-ter rights over au area. hereinafter desoribed exceeding- turee equ&re miles in Central (2) to acquire and treat extensive Ore Dumps at the tron- gqtli Xine. adjoining the before-mentioned area. AS to (I):- The mining area to be acquired by the Company consists of the mineral surface "d water rights over 2,600 acres lying to the north of the River l'stwyth in Oar- diganshire, in • ii ]a" are included the GwaithgOcn, Pantt-y-turian and CEJll Minee. The Company will acquire thia ptoperty by 6Jl Under-Lea,se from the Lipbume Develop- ment Syndicate, Limited (the Vendors) of 80, Bishopeffate. E.G., far the tenn or 40 years from the 25th March, 1507, lese 10 days, at a rent of £1.5() per annum, merging into a. Royalty of one thirtieth Of the price or value of the minerals obtained each year. Mr. B. R. Kaaicarrow (the Company's Manager) i reports that the Mines are situ- ated in one of the richest Lead and Zln-c districts in WaleB. the Sett being ad-jacent to properties which were worked until the year 1893 with a resultant saJe of mineral to the value of over £ 2,000,000. The Gweifch- goch Mine actually adjoins the once famous Grogwlnion Mine, which yielded ores tó the value of over a quarter of a million sterling and i3 traversed by lodes which proved so productive, in that mine. An analysis by Messrs. F. Claudet. Ltd, of London shows that zinc ore (blende) pro- duced from the G-waithgoch Lode (over 42 inches wide) in the Western Winze is of excellent quality, as a bulk sample gave 59.26 per cent zinc, 1.16 per cent, lead aud 12.4 oeS. of silver to the ton (2,240 II)s.). Both the Pant-y-hirian and Cell mines, which will also be acquired, five every promise of being highly productive. As to (2):— Tile Dumps were formed 8Joout the middle of the last Century, from the working of the Froiligoc-h Mine, and are estimated by MT. B. Il. Nitnmrrow at 150,000 tons and to yield an estimated profit on working (after de- ducting working costs and administ.ratioll charges) of 150,193, Work will be proceeded with êI8 quickly as pctasihle and it is anticipated th.at profits from the uum will accrue within twelvo montht from the commencement of opera- tions. Inasmuch as the I>umf>s are at Snrfa-ae, this part of the proposition is more I of a. business undertaking than a mining venture. It iA intended that the develop- I met of the mining area should proceed con- currently With the tre-itment of the Dumps. The whole of the above property is sub- ject to two Mortgages for £ 14,000 and £ 2,500 (of which, latter amount onlv £ 2,157 has been rvivanctfid; in favour of the Minister of Munitions in respect of poncys provided by the Ministry during the War with the object of enabling the Frongoch Thumps to be treated. The money so advanced has been expended in constructing a Dam across the River YstWvth and towards providing Ore Dressing Machinery. Aerial Ropeway. Water Leat, Hydraulic Power Station, etc. Upon the signing of the Armistioe, the Ministry of Munitions ceased to finance work m connection with the Dumps, but the Dam M completed, the Bui1(Hng and the Bopc-wny nearly so, and all necessary Plant and Machinery is either on the spot. or ready for c-arly delivery upon payment of a balance of £ 2,227 18s. Od., which this Com- pAtI? will Provide. The Company will in ?*Xldiiy 0on to the nurchaso price hereinafter mentioned, reimmirss the Vendors all ex- penditurc incurred, or io be incurred by them up to the completion of the purchAse I in connection with the Bump? over and above the ajnoMt of the said Mort£"a. not cxceed?h? t2,4oo. Arrangements ha?e been made with the Ministry of Munitions, for the cancellation of the beformnioned Mortga6 for ?I4.C<M on pa.Ymt of the sum of ?6.000. The pur- chaae prioe pay?Me by the Company to the I Vendors (The Lisimrne Development Syndj. I cats, Limited), for the underlease of the Milling property and the transfer of the lease of the Dump*, together with the Plant and Machinery thereon (subject to the Mortgages) has been fixett at the gum of £ 4.000 in cash, and the allot- ment of the whole of the Ordinary Shares of 15. each in the Company, credited as fully paid, xhe Company will redeem the Mort- gages and thus acquire for £6,000 the benefit «tbe before-mentioned expenditure of £14.000. n, purchase consideration is ex- tremely moderate, bearing in mind thp amount of money already expended and the work dono. In the opinion of the Directors, the pros- pects of pivtlueers of Load and Zmc Ores in W ales are exceptionally bright. In viev, of I the work of reconstruction necessitated by the expansion of industry generally, the demand for Lead and Zinc is expected to be very great for years to come, and it is anticipated that the present pricee will not I only be maintained, but advanced. Never in j the history of Welsh Lead and Zinc Ore Mining has there been a. period so promising to the Mine Ov.-ner and offering such an opportunity of participating in the coming prosperity of this industry. The property has been inpdúd and reported upon by Mr. William Thomas, I M.I.MJL. Consulting Mining Engineer, of I Gamborne, Cornwall, for 20 year3 Head of tho Mining neprtlnnt of the Cansborne School of Mines, whose report, cated Septem- ber Ist 1919, is oncloeed with the Prospectus. The Memorandum of Association is printed on the hack and forms part of the Complete I prospectus. The minimum fufcicription on which 'the Directors may proceed TO allot- I mernt is seven shares, but as 31,000 cf the Preference offered have been iinete- written, the Di rectors will proceed to allot- ment forthwith. The f 1 Prospectus st5 forth t?e material contract;) renuired to be di'elofed by the Oomparieft (Consolidation) Act. 1903, I A Brokcna?e of 6d. per ?hare will be paid } by the Company on all applicationf beanng j! Brok-p-r's or Banker's Stamp. Applications for shtres should be made on I the accompanying form and sent to the Company's Bankers, together with a re- mittince for the amount payable on applica- I tion. Where no allotment is mlade the I deposit wall be returned in full. Full PrOoSP11es, upon the terms of 1] whioh alone applications will he accepted, j and torm of application ran be ol-tii? at tho omc of the Company, and from its Bankeni and Solicitors. I A print of the 'fpmor?ndum and Articles or the Ootnpany. the ContractF. and Messrs. Claudet'? Analyse, can be inppe?teil nt the Ootnpany'? Office between the hours c? 11 a.?.. and 4 ?.n.. on any week day before the j closing of the List. December ZlId, 1219.

FINANCIAL NEWS. I WELSH MISES CORPORATION, I LIMITED. The Welsh Mines Corporation, Limited, with an authorised capital of £ 50,000, divided into 44,000 10 per cent. Partici- pating Preference Shares of it each, and 120,000 Ordinary Shares of Is. each, are offering for subscription at par the whole of the 44,000 10 per cent. Participating I Preference Shares of 1:1 each. The Bank of Liverpool and Martins, Ltd., 68, Lombard-street, E.C., 3, as the I company's bankers, are authorised to re- ceive subscriptions. The company is formed to develop the mineral and water rights in about three square miles of land north of the River Yswyth, in Cardiganshire, which include the Gwarithgoch, Pant-y-hirian and Cell Mines. They will also acquire and treat ore dumps at the Frongoch Mine, which were formed about the middle of the last century, and were estimated at 150,000 tons, and to contain 5 per cent. of zinc ore (blonde) of which it is anticipated that 85 per cent, will be recovered. In addition to the blende, it has been ascertained from past records of the dumps, that for every ten tons of Blende Concentrates, one ton of Lead Ore should I be recovered, equal to a total of 637 tons. An analysis by Messrs. P. Claudet, Ltd., I of London, shows that zinc ore (blende) produced from the Gwaithgoch Lode (over 42 inches wide) in the Western Winze is of excellent quality, as a bulk sample gave 59.26 per cent. zinc, 1.16 per cent. lead and 12.4 ozs. of silver to the I ton (2,240 lbs.). Both th& Pant-y-hirian and Cell mines, which will also be ac- quired, give every promise of being highly productive. The directors are Captain the Right Ron. the Earl of Lisburne, Cardiganshire (Chairman'); N. Goldman, London (Chairman, Lisburne Development Syndi- cate, Limited); C. S. Quartermaine (Chairman, San Salvador Spanish Iron Ore Company (1919), Limited; E. A. vVakefield. Esher (Managing Director, Lisburne Development Syndicate, Limited) and the Manager, R. R. Nan- carrow, Assoc. Inst. M.M. Pontrhydygroes. Cardiganshire. The Subscription List will close on or betore Friday, the 19th day of December, 1919. Letters of allotment and regret in re- spect to the issue of Harper Bean Limited, have been posted. I MARCONI WIRELESS TELEGRAPH I CO.. LTD. I ISSUE TO SHAREHOLDERS. I The Marconi Wireless Telegraph Co.. Ltd., Are offering 1,500,000 new Ordinary Shares of 91 each at £3 per share to their shareholders. These will rank for divi- dends declared in respect of the period commencing January 1st, 1920, but in all other respects pari passu with the exist- ing 1,250,000 Ordinary Shares of el me-h. Acceptances must be received by the Lon- don County Westminster and Parr's Bank. Limited, 21, Lombard-street, Lon- don, E.C., 3, on or before the 19th Decem- ber, 1919. together with a payment of 5s. per share (which includes 3s. on account of premium), being the amount of the first instalment. The balance of S2 15s. per share will be payable as follows10s. per share (which includes 6t;. on account of premium) on 30th January; 20s. per share (which includes 12s. on account of pre- mium) on 31st March; 25s. per share (which includes 19s. on account of pre- mium) on 31st May. FOREIGN EXCHANGES. I Apart from the further sharp ri se in 11 the Swifts rate to 50.70-80 there was little fresh movement in the foreign exchanges. I Paris touched 41.75. closing at 42.10-15, and I Belgium rose to 40.20-30. New York re- I covered to 3.R9?, but other rates wer('1 m<Mt!y lower, Spain f a Urns' to 19.5-3-58.1 German marks closed at 183. I SILVER TTP id. ) hliver rose id. per ounce for cash to I ,-Sld., but the forward price was iin- changed at 76J. The price of -Old was I maintained at Ills. 3d. per ounce. A BM SHIPPING DEAL. ¡ vr? L- £ I "1 lit a "J I,Jun lU lureittoi tUv u- tails of the forthcoming issue of the Wes- tern Counties Shipping Co.. Ltd., which companv recently acquired the Moor Line (sometimes known as the Runciman Fleet). We understand that the company will issue £ 1,000,000 6i per cent. 5 years 1st Mortgage Debentures, redeemable by equal annual drawings at 103, and 976,000 Ordinary Shares. The price of isstle will be !)Sf for the Debentures, and par for the Shares. Th-o shares have been underwritten by George Clare ami Co., Ltd.. and the deben- tures by B.S.T., l td. In this connection it is interesting to note Toyd Inchcape's remarks at the r. and 0. steamship meeting that it will be long before rates of freight and pas- senger traffic resume their pre-war basis while it is a notable fact that the time charter market, in which a larsro propor- tion of the Moor Line is engaged, is very firm at present—27s. 6d. for 12 months and Ms. for two years for steamers of from seven to nine thousand tons. The price at which the Moor Line changed hands, when averaged with the fleet of the Western Counties Shipping, Co.. works out at 20 15s. per ton, against the ruling prices to-day of C24 per ton and upwards.

NEW ISSUE. No. 38. This Form m&y be used and when filled up ehould be scr.t to the Company's BanlŒrs, THE BAKX of LIVERPOOL and MARTiKS. LIMITED, 68. Loutbard Street, London. E.C.3, with a cheque for the amount of the deposit, payable to Bank of Liverpool and M artuis. W or "bearer," and crossed. The Welsfi Mines Corporation, i LIMITED. I (Incorporated under the Companies Acts, 1908 to 1917.) Issuo of 44,000 Ten per cent. Participating Preference Shares of ti each, at par. FORM OF APPLICATION FOR PREFERENCE SHARES. (To be retained by the Bankers.) .No To the Directors of THE WELSH MINES CORPORATION, LIMITED, BO, Bishope- g-ate, London, E.C.2. ) GENTLEMEN—Having paid to the Com- j Bankers. The Bank of Liverpool and iiartins, Limited, the sum of being a deposit of le. per Share on appiica- t:o:i for Participating Prefer- ence Shares of £1 each in the ebo\e-naiDed Company, part of the above i&sue. 1 roquet; you to Ð..llot me that number of Shares., and 1 hereby agrse to accept tlie same or any t lee-3 nnmber that you may allot to me upon the terms of the Prospectus dntrc1 December 2nd, 1919, and the Memorandum and Articles I of AsnUMation of the Company, ?nd 1 agree to pý the balance of De. Od. p&r Share dUG from me as provided by the c-aid Pvospectus. and I aut^ori^e you to place my name on the Re, -tc-r ..f Members of the Company ac-, the Holder of the She,res allotted to me. I hereby declare that this application is not made by or for the ben eft of any enemy subject within thp meaning of the Trading with the Enemy Amendment Act. .1916. Usual Si;-na.t ur3 N ame in Full (Giving title (if any), stating whether Mr.. Mrs., or Miss.) Address in full Profession or Business I Dated this day of December, 1919. Please write distinctly. An acknowledgement will be forwarded in due course, either by an Allotment Letter, or by the return of the deposit. NEW ISSUE. The following is not an invitation to sub- scribe for Shares but is published for information only. MARCONI'S WIRELESS TELEGRAPH COMPANY, LIMITED. Issue of 1,500,000 New Ordinary Shares of f 1 each at 13 per Sharo to Shareholders. Marconi Houee, Strand. London, W.C.2. 8th December, 1919. 1. The Directors now offer 1,500,000 new Ordinary Shares of El each at the price of £3 per share, pursuant to the Memorandum, a.nd Articles of Association of the Company, to persons appearing on the Register of Members on the 4th December. 1919, and to holders of Share W arrants to Bearer, issued on or prior to that date in proportion to their respective holdings, namely, one new share for each Ordinary and/or Preference Share held by them respectively. 2. Tho shares now offered will rank for dividends declared in respect of the period' commencing the 1st day of January, 1920, but in all other reepocte will rank part passu with the existing 1,250,000 Ordinary Shares of JB1 e3,eh. 3. Acceptances must be received by London County Westminster and Parr's Bank, Limited, 21, Lombard Street, London. E.C.3. on or before the 19th December, 1919, together with a Payment of 5s. per sharo (which includes 3s. on aocount of premium) being the amount of the first instalment. 4. The balance of L2 15e. per share will be payable as follows:- 10s. per share (which includes 6s. on accoulltp of premium) on 30th January, 1920. 20s. per abare (which includes 12s. on account of premium) on 31st March, 1920. 25s. per share (which includes 19B. to account of premium) on 31st May, 1920. Failure to pay any of these instalments on its due date will render all previous pa.y. ments liable to forfeiture. 5. Payment In full may be m.a.de upon acceptance (but not otherwise) in wilich event interest at 5 per cent, per aunum will accrue from that date on the amount pre- paid. Interest at the Mine rate will be chargeable on overdue instalments. 6. Share Certificates will be ready on the 15th January. 1920, and will be issued on or after that date at the Company's Office Marconi House, Strand, London, w.c.i in exchange for the Banker's Receipt for the first instalment. 7. Shareholders may transfer the whole or a part of their rights to the new shares. 8. Application will be made for tho special permission of the London Stock Exchange for dealing in these shares. 9. If the conditions as to acceptance and payment are not duly observed, the right to particle in t-be Øibovntjoned issue will be absolutely forfeited. and the DiTectors will deal with the shares for the benefit of the Company at their discretion. By Order of the Board, H. W. CORBT, Seoretary.

CHRISTMAS JEWELLERY OF HIGHEST QUALITY ACOLLECTION orChristmasJewelleryofnew and distinctive design is on view at the Goldsmiths & | Silversmiths Company, I 12 Regent St., London, W. 1. If it is not possible to make a personal visit to select |jj gifts, the Goldsmiths & Silversmiths Company will send a comprehensive selection of articles for approval, j post paid and at the Company's risk. An illustrated Catalogue will be posted free on application. WARNING The Goldsmiths & Silversmiths Company have no branch j establishments, on!y one addr?' I 112 REGENT STREET, LONDON, W. 1 i  = '=: "(, >, I i Sapphire and Di'on Bow Brooch. Hatinam S « Front £ 2* 0 0 | I I j   ¡ Dhm,nd "d ""pphi"" .) Diamondand Peat'1 Fancy I i Hoop Ring 535 0 0 Cluatef Ring sn 10 a g    i' f with Platiouai Faced fpj$fB5r |• Settin Anv Initial £ 22 10 O S I i Jd i j PDiin amo£ n2d 1 S0 car0 f 1ii 1 fx i^ilp IB I PDSP am ia p£ .p11 Bh7 t ir4 e s1e0 d St i cn a.inrn J f 1 ?,?., ? Pin 621 0 0 PI n set n Kcy1es5 Lever Watch. Fc]IyJewc)1ed.Com- ta J pen -a tion'? Balance, moTnteO with Diamonds. 517 10 0 • set in P!atinum. on Bla,k Moir? Silk Strap • 1105 I) 0 THE GOLDSMITHS & SILVERSMITHS C OmnANY LT? 7he<W3mitfi?yiUiaB&K' EttifTSU 11 l'' Y Lt.. 7Æ! GoliJ3IniM.?ll' úI! f7'SI I 112 REGENT STREET, t. LONDON, W.i -M s v. jgjjf "Was in Such Pain I hardly knew how- to beafuiv' to b ABSCESSES under both arms "Completely Cured." Our portrait is of Mra 0 Leese, of 1 Boehead Oóttalt6. jiirtield Moor. Yorkshire, who writes:—" 1 WM suffer- ing with abscesses under both my arms, havirtg SF-VCra) one after the other. and was in such pain that I .;ea,r It* I bad one 'of the abfrrea-ses lu)n <-a t:v a doctbi. but did rot derive mucb benefit &a the abscesses kept coming again. Then a friend of II r, who was completely cured by Rheumatism by Clarke's Blood Mixture.* re. covimended me to take it. no (ie.;ul(d to try a bottle6 and the relief it gave me tram reallv wonderful. Having finished it. I got one of your Us cases which. 1 am more than glad to say completely el m?Jti?'Mw?om? K '11:ètACi":1 4t  < yonr Clarke's Blood Mixture. ••I- j1 pjways recommend it to my friends afe I think it a great medicine." from Bad Leg?, Ab?cesse?, U!cer?. Glandular 5weH!n?, Plies I ?Urtcrcr? Eczema, Boi? Pimples, 5ores, Erupt!on?, Rheumatism, Qout, or kindred complaints, should realise that lotions, ointments, &c., oa.n but give temporary relief-to be euro of a cure, complete and lasting, the blood raust be thoroughly cleiused of the impure waste matter, the true cause of all 6noh troubles. Clarke's Blood Mixture quickly attacks, overcomes and expels the impurities, that is why so many remarkable cures stand to its credit. Pleasant to take, and free from injurious ingredients. Ask for and see that you get Clarke's Blood Mixture Everybody's Blood Purifier." Of all Chemistis and Stores, 2j9 per bottle. (Six times the quantity, 111-) y I. ■ m — ADVANCES granted by the CAMBRIA PERMANENT MONEY SOCIETY On Doeds, Policies, or Personal Security. INTEREST charged quarterly. REPAYMENTS to suit Borrowers. Full particulars of H. F. HOOD, Secretary, Goat Street, Swansea.

CLYDACH. Special prcaching services were held at Calfaria on Saturday and Sunday. The Rev. Idris Thomas, Landore, officiated. E. S. Ohappell, Swansea hai 1.009 Over. Co;tta ready to wear in stock 'l'e!! per cent. alitleoiitit allowed to Discharged Soldiers ami sai.to-S. See Windows. I

.1 FFORESTFACH. I Call at Mr. W. J. Davies Chemist. Fforest- I fach. aud see his assortment of Christmas | Presents, suitable for all a (fee. viz. Paints. I Painting. Picture and Gift Cards, Wallets I Purses ibis 6tock), Fountain Pens Safet3 ( Razors. Games, Diaries. PÐdume8, Hair j Brushes, Meccanœ ;bm stock); al-o Xmas I Cards. Give, order at once, eo that goods I may be reserved.

I TREBOETH. A special meeting of the Troboeth and District Sailors' and Soldiers Reception Committee was held at the Treboeth Public Hall, presided over by Mr. Her- bert Evans. Several gentlemen, spoke of the gey id work done by the society since its inception in the way of assistance and presentation of medals. It was decided to give a complimentary concert to Miss Muriel Williams in recognition of her valuable services during the five .years of the Society's existence. E i). Chbppell, Swansea, has I.W Over. Coats readr to wear in stock. Ten per cont di«coum -illowl.1 to Di«chare*d tk>ldi«r« 4MA Sailors. See Windows.

BIRCHGROVE. The funeral of the late Mr. 117-iiijara Gregory, a deacon of Saron Church, too- place on Saturday at Bethel graveyard." The officiating ministers wero the nH. J. Hywel Parry, D. Roberts and B. P. Davies. The chief mourners were Mr. and Mrs. Isaac Gregory (brother und sis- ter-in-law), John Gregory (nephew), Ys- talyfera; the Rev. John Gregory, Sketry, and the Rev. Richard Gregory, Nanty- moel (nephews), Metisrs. Williè Gregory, D. J. Gregory, Stanley Gregory, Heibcrli Gregory and Johnny Gregory (nephews). Misses Gwladys Gregory, Mary Gregory, Kate Gregory, Minnie Gregory, and Flor- ence Jane Gregory (nieces). Mr.. GnifUh J. Hughes presided at the otgan at Bethel.

I GORSEINON. At a meeting of the workmen of tho Mountain Colliery, Gorseinon, held ùn. baturday last, at the West End Hotel, Mr. Johu Edwards presiding, it was decided to pay to the widow of the lato Air. VVm. Williams, who was recently killed at the colliery, and also to tha mother of the late Phil Alderman, who was also recently killed at the same col- liery at the age of 14, Is. per man and 6d .per boy working at the colliery.

I SKEWEN. On Saturday evening, at the English Wesley Schoolroom, Skewen, the Animal meeting of the Rosebud Juvenile Reciia- bite Tent was held, the superintendent- Mr. Tom Lloyd—presiding over a larga gathering. A miscellaneous programme having been gone through, the chairman said there were 518 members on the hooks 161 having been added during the yor, and 48 transferred to the adult tent. L. Couneillor W. R. Williams (Cardiff), con- gratulated the Tent, and handed p*:?.ea to the workers. Miss Stella Taylor, who brought in 32 new llleDlber. received & chain and brooch and a book. Others presented were: Vernon Randall, lloicca Jenkins, W. J. Jeffreys, Elwyn Harford, Ivy Devonport, Fred Pugsley, L. i homas, D. J. Williams, and Mildred Tucker. There were also addresses from Bros. W. G. Waring (secretary of Neath Tent), W. Rees (district deputy), secretary of Utlyn Juveniles, Councillors Wilfred Evans on4 Albert Saunders, Rev. J. Evans ,orm, Chris. James and Wm. Davies. At the New Cinema, on Sunday, at 8 o'clock, a sacred concert was held by tli4 local branch, of the W.N .F. of D. :,nl D. S. and S., towards the Christmas Gift Fund of the Skewen and Neath AI-hey war widows and orphans. Mr. Niel Bh. Bell, assistant engineer, National Oil Re- fineries, Ltd., presided. The artistes vera Mr. Trevor Davies and Miss A. )avies, Master Lewis Jones, Messrs. W. J. Ste- phens, D. Roberts, James Davies, Philip George, Tom John, B. Tamma, and tvor Knight. Miss Winnie Bowen and Mr. B. T. Williams accompanied.

-=- I HAS YOUR VICTORY I BOOKLET REACHED Q I YOU YET 8 Primal And published by th* Hwansea Prees, Ltd. at Leader Rnildiraa Q18IU\- -1 ■' i