Papurau Newydd Cymru

Chwiliwch 15 miliwn o erthyglau papurau newydd Cymru

Cuddio Rhestr Erthyglau

19 erthygl ar y dudalen hon

THE GLAMORGAN LODGE, No. 43,—FREE-…

. CARDIFF Ci'MUSTY FUND FOR…

CARDIFF POLICE,—MONDAY.

[No title]

FATAL OC ¡ J.\.Lti\ CE AT…

NEWPORT POLICE. .

A NEW ORDER OF KNIGIITHOO…

THE BRITISH IRON COMPANY.—MEETING…

Newyddion
Dyfynnu
Rhannu

THE BRITISH IRON COMPANY.—MEETING FOR DISSOLUTION. On Friday last, pursuant to advertisement, a meet- ing of the above-named company took place at the London 1 avern. Sir G. Lai pent, having taken the chair, the minutes ot the last general meeting were read by the secretarv. I he chairman then read the report for the half year ending on the 31th of June, 1841, which furnished the following statement—The total „f pig-iron pro- duced was 2.5,578 tons; of bars, rails, and oVher manufactured iron, 19,178 tons; of steel, 40 tons, at Corngreaves; of stonecoal and culm raised at Abercreve the amount was 9 682 tons; the amount of coal raised mt the Lion Collieries was 29,5^9 tons. The profits at the works in South Wales and Stafford- shire t7,1 74 1 9s. The ],)ss incurred at Rual)on was £ 3,691 Os. Id., leaving on that pari of the calcu- lation a balance of profit amounting to L3,483 Ss. Ii d. Against that, however, there was to be JS, 1* su'n P9"1 tor discounts, amounting to <>1 14s. lid., by which deduction the profits were reduced to £ -27) Us. Other sums to the debit account of profit aud loss arising out of interest pay- able on thp dpbt of capital account, in consequence of the decision in the House of Lords, and the law ex- penses thereon, amounted to 1]4,417 Ils, In addition to this finaucial statement the report went on to say that the, result of the operations upon the works, considering that the selling price of iron averaged upon the wiJ0!e of the works bad fallen J; 1 per on, "as as favourable as possible. Under all the circumstances, however, the directors were de- sirous ut disposing of the works; hut in the present depressed state of the times they despaired of finding a purchaser who woutd be willing to pay a fair and 6 remunerating price for them, and any present disposal must be made at a considerable loss. The report concluded by stating: that legal proceedings had been instituted against a'l tbe proprietors who had not paid up their shares; and in au action which had been taken to the late Croydon Assizes the party proceeded agaiust had abandoned his defence aud paid up the Costs. A fter the reading of the report, Major Richardson moved the following resolution —" That the report and balance-sheet now read be printed and circulated among the shareholders, and that the same be taken into consideration this day fortnight, at the adjourned general meeting to be then held." The resolution was seconded, and about to be put, when Mr. Ricardo moved the following amendment:- "That it is the opinion of this meeting that in the present depressed state of the iron trade it would be most injurious to the proprietors (if not absolutely impracticable) to dispose of the several works of the company and that it is essential to maintain them in a state of efficiency, and to preserve the large and valuable trade connected with them but thaf, sub- ject to the above paramount considerations, it is also t'le decided opinion of this meeting, that all the tuture operations should be conducted with a view to the disposal of the works, and the ultimate dissolution of the company. "That as, in the meantime, the only means of meeting the promissory notes of the company is by payment of those calls for which every shareholder is morally and legally responsible, and "on the faith of which they were issued, the directors be required to continue to take the most active measures for enforc- ing payment of the calls from such proprietors as have made default. "That the following gentlemen be appointed a committee to co-operate with the directors in carrying into eflect, whenever the proper oppoituuity shall arrive, the intention, as above expressed, of dis- posing of the works and property of the company, with a view to its ultimate dissolution; and that the committee have power to add to their number, viz Gideonf!olquhoux.. Thomas Gibbes, Samson Ricardo, Robert Harnett, Charles Kerr, William Morrice, John Abel Smith, and William T. Hibbert, Esqs." The amendment being seconded, a ballot was for- mally demanded. T¡;e chairman then directed the ballot to be taken on the resolution and amendment on the 25th of the present month, at the company's oflice, between 1'2 ;kr(i three o'f,lt)ck. Major Richardson then moved a resolution to the effect" That, in order to prevent the funds of the company bein squandered in useless litigation, no actions or suits sliall b ■ brought until those at present pending are decided." The resolution wis ordered to be decided at the L same time and place as the former. After several other important amendments and discussions the meeting separated.

THE CENSUS.

[No title]

-_----COMMITMENTS TO THE COUNTY…

MERTHYR POLICE, Nov. 24th.

Brccostgfurf.

COMMITMENTS TO BIUCON COUNTY…

THE LATE CARDIFF HUNT BALL.

[No title]

Family Notices

--REV. MR. SIBTHORP.

-----THE QUEEN DOWAGER. -