Durham Mining Museum - Stock Exchange Information (original) (raw)

Extracted from: The Stock Exchange Year-Book for 1875, by Thomas Skinner

In the case of companies worked upon the cost-book principle the laws of ordinary partnership prevail as regards the liability of shareholders ; it is quite unlimited.

Van Mining Company, Limited. — Directors: J. Alington, T. C. Mundey, R. Oldrey, and W. Page. Secretary: W. J. Lavington. Office: 14a, Austin Friars, London, E.C. — The company, which was established in 1869 to acquire and work certain Welsh mining properties, has a paid-up capital of £63,750 in shares of £4 5s. Very high dividends have been paid. In 1873 there were four distributions, together amounting to £3 1s. per share, and so far in 1874 12s. 6d. was paid in April, 10s. in July, and 10s. in October. In 1872 the shares (£4 5s. paid) were 55, but they have since fallen to half that. They are quoted in the official list. Transfer fee, nil

Vancouver Coal Mining and Land Company, Limited. — Directors: Hon. C. W. W. Fitzwilliam, M.P., J. Fry, J. Galsworthy, J. V. H. Irwin, W. Needham, J. Wild, and E. J. Woodhouse. Secretary: S. M. Robins. Offices: 110, Cannon Street, London, E.C. — The company's capital consists of 13,500 shares of £10, of which 400 are fully paid, and the remainder have £6 paid. Half-yearly reports to June 30 and December 31 are submitted to the shareholders in November and May. The dividends, which were 3 per cent. in 1871, rose to 6 per cent. in 1872, and to 10 per cent. in 1873. This last-mentioned rate was also paid for the first half of 1874. The reserve fund is £5,000. The shares are quoted in the official list. Transfer fee, 2s. 6d.