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

Extracted from: The Stock Exchange Year-Book for 1880, 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: Sir H. W. Tyler, J. Sebag, T. E. Scudamore, R. Helme, and P. T. Blyth. Office: 26, Martin's Lane, Cannon Street, 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 £103,350. The accounts are made up annually to March 31, and submitted the last Wednesday in June. For 1875-6, 1876-7, 1877-8, and 1878-9 there was no dividend. There is, however, an undivided balance of £50,565. 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, E. Probert, H. Schultz, Hon. R. H. Stewart, and R. Wilson. Secretary: H. Akers. Offices: 44, Coleman Street, E.C. — The capital is £270,000 in fully-paid shares of £5. The accounts are made up annually to the end of February, and submitted in May or June, but an interim meeting is held in November or December. The recent dividends have been — 7s. 6d. in February, 1878; 7s. 6d. in May, 1878; £1 in July, 1878 ; 10s. in August, 1878; 10s. in November, 1878; 10s. in February, 1879; and 7s. 6d. in August, 1879. 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, H. Doetsch, L. G. Dyes, A. Matheson, M.P., and G. A. Schroeder. Secretary: R. J. Fennessy. Offices: 2, Copthall Buildings, Throgmorton Street, E.C. — The company was established in July, 1873, with the principal object of purchasing and developing the 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; £882,500 in 7 per cent. mortgage bonds of £20, with coupons payable the 1st of January and July, and redeemable by half-yearly drawings (June and December) in 19 years, commencing January 1, 1876; and £1,898,320 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, and redeemable by drawings in June and December. The company may at any time pay off the outstanding bonds. There are also loans to the amount of £1,125,828. The accounts are made up annually to December 31, and submitted in May. No dividend has yet been paid on the shares, and to December, 1878, a reserve of £61,043 was all but wholly absorbed to write off a debit to revenue. 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, S. Olding, and R. Wilson. Secretary: F. F. Wilson. Office: 30, Finsbury Circus, E.C. — The company was established in 1870. The capital is £90,000 in fully-paid shares of £7 10s. The accounts are made up annually to the end of February, and suhmitted in April. For 1873-4 the dividends amounted to 34s. per share ; for 1874-5, to 17s.; for 1875-6, 25s. 6d. ; 1876-7, 17s.; 1877-8, 13s. 6d.; and 1878-9, 5s. Transfer forms, common; fee, nil.

Rossa Grande Gold Mining Company, Limited. — Directors: J. E. Dawson, J. N. Gordon, W. Haymen, and G. Reckitt. Offices: 86, London Wall, 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 dividend has yet been paid. Operations nave been suspended for some years. The company is quoted in the official list. Transfer form, common ; fee, 2s. 6d.

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. guaranteed 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 the guaranteed dividends. What has since been the result is not obtainable, but it is believed that the guaranteed shares are receiving dividend.

Ruby and Dunderberg Consolidated Mining Company, Limited. — Office: 5, Crosby Square, Bishopsgate Street, E.C. — The company was registered in July, 1879, to take over the property of the Ruby Consolidated Mining Company, Limited. The capital is £253,000 in fully-paid shares of £10.

Russia Copper Company, Limited. — Receiver and Liquidator: R. Mackay, 3, Lothbury, 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 £65,700 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 November or December. The company was from the first worked at a loss, and in 1878 a liauidator was appointed. The company's affairs are carried on on behalf of the debenture holders. Arrear debenture interest to June 30, 1878, £5,256. The company is quoted in the official list. Transfer form, common ; fee, 2s. 6d. per deed.

Russian (Vyksounsky) Iron Works Company, Limited. — Directors: W. Austin (Chairman), R A. Earle, Col. Elsey, Col. French, S. K. Gwyer, and F. Tendron. Acting Secretary: R. H. Jones. Offices: 6 and 7, Pinner's Hall, Old Broad Street, E.C. — This company was founded in 1865 for acquiring and working certain iron properties in Russia, and has since been reconstructed. The capital is £52,700 stock, and there are debentures to the amount of £10,474. The accounts are made up annually to June 30 (Russian style), and submitted in November. For three years ending in 1874 dividends of 15 per cent. per annum were paid, and for 1874-5 the rate was 10 per cent. For 1875-6, 1876-7, and 1877-8 there was no distribution. Transfer form, common; fee, 2s. 6d. per deed.