BLACK BALL CO-OPERATIVE COLLIERY COMPANYS PROSPECTUS.

Press, Volume XLVII, Issue 7540, 2 May 1890, Page 6

BLACK BALL CO- OPERATIVE COLLIERY COMPANYS PROSPECTUS.

TO THE EDITOR OP THE nr - ! SIR,-After a lap 3 e of fo,m t - 2£2Sg£ »*-ASSlZ*rior toKaiaiimiaforaiwloute 1 : . investing His nr*c latt« »t V youraof the 16th iObtenCca ' mail sammary is published »s !l issue is lar«ely land, it wu calculated to £ t amount of injury in tlm J^', 4 . Directors nunciuatiutr ttn nit • shares from there. lSuSft"* 28th April, and he wodldSJfij} , ;, , pate its publication just beftSn *?. ', fistcktaeS udlLhadlim e T 0 T p{y The principal bone of CMtemtoa t» us Iμ the cose of freight, md JI»1«f mentions the Kosamoud, \ WOil m ". if the folio wing face* ! not as 1 give them :— •* " . f About May, 1888, the Ro» mw <» pleted a term of eighteen monS"' l which she had betou underch&i Martin Kennedy, of Qreymouth ' • _ The rate of charter was i&W mf ■ The carrying capacity of the Kk u t ' 800 tons. She would, , 44,000 tons, at a cost of 3ft, ' fraction over 4a id per toa-'« Directora quote oa per ton, l \ 44 Investor " cau easily prove t&s q- ! ' these assertions, He will observeV-" I the prospectus we allow 1« (id n«r' * ' insurance, wharttng, loadlni* &Z bringing tho coat of delivurtaa v, 5 mouth up to 6s (id per ton. I quite agree with "investor" » , Cost of pumping cau be doae for' < ■ tou, that it would not bo eo'isj ' ' extra railage of la ad pep tou, Vt * i i will refer u» my laat letter, ho wiL . , I mention other costly plant v* - chlnery, besides that ttiquiredforr-j'. ' i En passant, I notice ia to-day's t4< the Coalpit Heath mine ia flooded? 1' ' the 3d per ton provide £or such co«" ' deal . "' ' \ ." Inveetor " says that there h no ■ Ing required at the Woetportmiee {' he somewhat adroitly paise? umi mention of a most costly LucUae, *' Mr Lladop'a estimate of la p.i v trucking aud miscdluueom tluu<> been borne out by other engineer ' " Investor "Will see thar,ialmri.pj,' * ' Lindop says that *' ho Jiud never kj i oa a coalueld in whlcii cijuro \va« vi < enormous quantity of coal with facilities fur gutting, iw in tttu ULnl field," Mr Lindops Engli«!i aade, , credentials are quite suiiiusuttogiv weight to this statement. Further, my Directore put the c< «t winning the coal at 4s per'ton lortcr. coal; consequently,theytiavduolcn i themselves with the nuts and ih \, very considerable item indeed. The price vow paid to miowa per ton all rouml. Again, r» shov ' we have uuder-estlmateci our ircotih quo c price of coal at'Li/tttMon J. too, whereas about the titan I wroi the prices ia that port, to a l°aJlu ■ merchant were as follows:—Grey \ ' coal2Ua fid, Newcastle 21s, wd \"c 24m od. Now, let "Investor" v«ork «v. difference between 19$ Rnd 0& j; onour estimated out|U. ul I>>W !<jj < week, and he will get, v result c£ ; .' an amount, to quote hh own '.;. enough to make hi« "teeth" water. Now, eir, I cannot close without it N ing you for your courtly iv so ! . allowing mc space i» your vj" columns.—Your;}, &c, Edw. b\ iioM«aAiK.