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

Extracted from: The Stock Exchange Year-Book for 1878, 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.

Rhymney Iron Company, Limited. — Directors: T. C. Smith (Chairman), P. P. Blyth, G. Wythes, J. Sebag, and J. Bruce. Secretary: T. E. Scudamore. Office: 26, Martin's Lane, Cannon Street, London, E.C. — The company was established in 1836. The capital is £635,690, of which £495,800 is in £50 shares, and the balance in £15 shares, both fully paid. There are also 6 per cent debentures to the amount of £70,000. The accounts are made up annually to March 31, and submitted the last Wednesday in June. The rate of distribution advanced to 7, 8, 9, and 10 per cent. during the recent inflation of the iron trade, but for 1873-4 the dividend was only 7 per cent.; for 1874-5 there was a further reduction to 1½ per cent.; and for 1875-6 and 1876-7 there was no payment. There is, however, an undivided balance of £101,733. The shares are quoted in the official list. Transfers are to be made out on special forms; fee, 2s. 6d. per deed.

Richmond Consolidated Mining Company, Limited. — Directors: G. Hopkins (Chairman), B. Broughton (Deputy-Chairman), E. Bower, H. Schultz, E. Probert, A. Pulbrook, and D. A. K. Maybury. Secretary: H. Akers. Offices: 44, Coleman Street, London, E.C. — The company owns several mining properties in Nevada, U.S., besides smelting and refining works. The capital is £270,000 in fully-paid shares of £5, and there are debentures to the amount of £37,800. The accounts are made up annually to April 30, and submitted in August, but an interim meeting is held in February. The dividends so far declared have been — 4s. in April, 1872; 5s. in September, 1873; 7s. 6d. in October, 1873; 5s. each in January, February, May, August, and December, 1874 ; 5s. in March, 1875; 7s. 6d. in June, 1875 ; 7s. 6d. in August, 1876; and 7s. 6d. in November, 1876. The company is quoted in the official list. Transfers are to be made out on common forms; fee, 2s. 6d. per deed.

Rio Tinto Company, Limited. — Directors: H. M. Matheson (Chairman), W. Macandrew (Deputy-Chairman), Hon. T. C. Bruce, M.P., A. G. Dallas, P. Denny, H. Doetsch, L. G. Dyes, A. Matheson, M.P., G. A. Schroeder, and M. R. Smith. Secretary: R. J. Fennesay. Offices: 2, Copthall Buildings, Throgmorton Street, London, E.C. — The company was established in July, 1873, with the principal object of purchasing and developing the well-known mining property of Rio Tinto in the province of Huelva, in the south of Spain. The capital consists of £2,250,000 in fully-paid shares of £10; £973,600 in 7 per cent. mortgage bonds of £20, with coupons payable the 1st of January and July, and redeemable by half-yearly drawings in 19 years, commencing January 1, 1876; and £2,084,400 in 5 per cent. mortgage debenture bonds of £20, £100, and £500, with coupons payable January 1 and July 1, issued to the Spanish Government in lieu of purchase-money. The company may at any time pay off the outstanding bonds. The accounts are made up annually to December 31, and submitted in May. No dividend has yet been paid. The company is quoted in the official list. The shares may be had either to bearer or otherwise. Transfer form, common; fee, 2s. 6d. per deed.

Roman Gravels Mining Company, Limited. — Directors: T. Southgate (Chairman), W. Greame, R. Wilson, and S. Olding. Secretary: F. F. Wilson. Office: 20, St. Helen's Place, Bishopsgate, London, E.C. — The company was established in 1870 to acquire and work a lead-ore property. The capital is £90,000 in fully-paid shares of £7 10s. The accounts are made up annually to the end of February, and submitted in July. For 1873-4 the dividends amounted to 34s. per share; for 1874-5, to 17s.; for 1875-6, 25s. 6d. ; and for 1876-7, 17s. Transfer forms, common ; fee, nil.

Rookhope Lead Mining Company, Limited. — Directors: E. W. Wingrove (Chairman), S. U. Daukes, W. Edwards, P. Watson, and S. York. Office: 8, Austinfriars, London, E.C. — The company was registered February 29, 1876, to acquire and work a mining property in Durham.

Rossa Grande Gold Mining Company, Limited. — Directors: S. L. Foster (Chairman) J. E. Dawson, W. Haymen, and G. Reckitt. Manager: J. E. Dawson. Offices: 86, London Wall, London, E.C. — The company was formed in 1864 to acquire and work certain gold-mining properties in Brazil. The capital is £100,000 in fully-paid shares of £1. No dividends have yet been paid. Operations have been suspended for some years. The company is quoted in the official list. Transfers are to be made out on common forms; fee, nil

Rotherham, Masborough, and Holmes Colliery Company, Limited. — Office: Masborough, Yorkshire. — The capital appears to consist of £20,000 debentures at 6 per cent., £48,200 fully-paid 6 per cent. preference shares of £25, and £51,800 fully-paid ordinary shares of £25. The accounts are made up annually to December 31, and submitted in February. For 1876 a small balance was carried forward after providing for preference dividends.

Ruby Consolidated Mining Company, Limited. — Office: 77, Gracechurch Street, London, E.C. — The company was started in May, 1872, to purchase and work certain silver-lead mines in Nevada. The capital was fixed at £325,000 in shares of £10, either registered or to bearer at the option of holder. Of this amount, 28,500 shares were issued as fully paid, and of the remainder some were not allotted, and others have been forfeited. The total capital was thereby reduced to £289,845. Very little transpires regarding the company, but it is believed that the directors have not yet possession of the mines. Transfers are to be made out on common forms ; fee, 2s. 6d. per deed.

Russia Copper Company, Limited. — Directors: A. Brogden, M.P. (Chairman), G. Anderson, M.P., J. E. Bartlett, J. T. Davenport, and G. F. Laity. Secretary: C. T. Moore. Offices: 3, Lothbury, London, E.C. — This company was constituted in August, 1871, to purchase from Mr. Alexander Brogden and others several freehold estates in Russia. The capital is £298,900 in fully-paid shares of £10, and there are debentures to the amount of £62,100 which bear 8 per cent. per annum interest. There is also the Russian mortgage taken from the vendors. The accounts are made up annually to June 30, and submitted in January. No dividend has yet been paid, and so far the company has been worked at a loss. The debit balance to June 30, 1876, was £25,046. The company is quoted in the official list. Transfer form, common ; fee, 2s. 6d. per deed.