Sheffield Daily Telegraph – Saturday 26 March 1904

Public Notices
The Denaby and Cadeby Main Collieries, Limited

Denaby Main, near Rotherham.

This prospectus has been filed with the Registrar of Joint Stock Companies.

Issue of £70,000 4½ per cent. “A” or “B” debenture stock, at par, in amounts of £50 or multiples of £50.

Payable:—
10 per cent. on application;
20 per cent. on allotment;
and
70 per cent. on July 12th, 1904.

Payment may be made in full on allotment, or at any date before July 12th, 1904. Interest will accrue from the date of each payment, and will be payable half-yearly on March 31st and September 30th.

This issue is part of a sum of £300,000 authorised on the 3rd March, 1897. The Company did not issue more than £200,000 of the stock, but have since expended a sum of £310,653 15s., up to the 31st December, 1903, on the general development of the undertaking, the purchase of freehold land, and the erection of houses. They have now decided to issue the remaining £100,000, a portion of which has already been privately subscribed by shareholders.

The Collieries have already attained an output of 5,000 tons a day, and the completion of the new drawing shaft at Cadeby, which is now nearly completed, will, it is anticipated, increase the output to 8,000 tons a day.

The “A” stock is irredeemable by the company, but repayable on the 30th June, 1914, and at each succeeding seventeenth year, at the option of the holder, provided six months’ notice be given on or before January 1st in that or any following seventeenth year.

The “B” stock is repayable on June 30th, 1911, and every succeeding seventh year, at the option of either the company or the holder, provided six months’ notice be given by either side on or before January 1st in that or any following seventh year.

The nominal capital of the Company is £800,000, divided into 20,000 Six per Cent. Preference Shares of £10 each, and 6,000 Ordinary Shares of £100 each, all of which have been issued. Of the Ordinary Shares, 5,520 were issued in the year 1893, credited as fully paid up as the consideration for the acquisition of shares in the Denaby Main Colliery Company Limited.

The Auditors of the Company are Messrs. Alexander Nisbet and Co., of 3 and 4, Lincoln’s Inn Fields, London, W.C., Chartered Accountants.

Application forms should be filled up and sent to the Sheffield Banking Company, Limited, George Street, Sheffield, accompanied by a deposit of 10 per cent. on the stock applied for.

If no allotment is made the application money will be returned in full. In cases where the amount of stock allotted is less than the amount applied for, the balance of the deposit will be credited in reduction of the amount payable on allotment and the subsequent instalments.

Forms of application may be obtained from the Bankers, and at the Registered Offices of the Company.

Denaby Main,
Near Rotherham.
March 24th, 1904.