Correspondence, Printed Papers and Newspaper Cuttings Relating to the Persian Bank Mining Rights Corporation Ltd [‎228r] (495/586)

T HE PERSIAN BANK MINmr
-RIGHTS CORPORATION LIMITED NING
Incorporated under the Companies Acts, 1862 to 1886.
IhSS^i/eact’ ^ 650 - 000 ” - 30,000
I-sue 01/350,000 in 70,000 Preferred Ordinary Shares
at £5 1 os. per share. ’
Mess f. J. HENRY SCHRODER and rr> „ a
Messrs. DAVID SASSOON and CO^nvit! Shscrlo^
lions for the 70,000 Referred Ordinary Shares at the
price of ^5 ios. per Share, payable as follows -
10 . on Application.
10s. on Allotment.*
i"! 10s. on 24th June.
•This payment includes the premium of ros. per Share.
I mther calls will not exceed £ 1 per share, and will not
be payable at less intervals than three months.
Directors.
W. DUFF BRUCE, Esq., M.I.C.E.
Hon. George Curzon, M.P.
s o?Sp E eS,feof ?; *S soon ” d Co -)’ Di ""”
S Ba E ?omr£' K - C ' S ' 1 ’ DtaCl ° r 01 ,h5
Georgec^Renter, Esq., Director of the Imperial Bank
Frederick D Sassoon, Esq., late Chairman of the Hong
kong and Shanghai Banking Corporation. ^
Bankers.
Messrs. Glyn, Mills, Currie, and Co.
,, Brokers.
Messrs. W. Greenwell and Co., 21, Finch-lane E C
Solicitors.
Messrs. Hollams, Sons, Coward, and Hawksley
Secretary (pro tem.).
George Newell, Esq.
Temporary Offices.
14, Austinfriars.
MONE
oidei that the Companv mav
premium Capi !r al iatact) the Piesenf i
MeS « f W 1 ^ a # r ^ emeut has beei
Aiessrs. J. Henry Schroder and Co
Sassoon and Co., that in consideratior
O the placin S of the who
Ordinary Shares, and are to pay andi
pany ag a m st all the expenses of formii
the Company, including all resist
expenses, stamp duty, brokerage^
down to the final general allotmfnt 0“
m A „? pi f S T ° f t . he Concession from the
ment of Persia, and of the Contract
April, 1890, between the Imperial 1
this Company; also 0 f the Contract
AjmJ, 1890 between this Comp
J. Henry Schroder and Co. and D
Co. ; also of the Reports of Dr T:
Schindler, together with the book 0
also the list of the mines excepted frc
may be inspected at the Office o
Solicitors.
Applications for Shares must be ra
form, accompanied by a deposit of ic
In cases where no allotment is mad
be returned in full, and where the j
less than that applied for, the surpl
applied towards the payment due on ;
The subscription will be opened on
and be closed on or before Tuesday, t
Prospectuses and forms of applica’tic
from the Issuing Houses, and from thi
W. Greenwell and Co., 21, Finch-lam
London, 18th April, 1890.
r T'HE PERUVIAN CO]
± LIMITED.
Mcorgate-s'reet-ohambersj
18 th April
CONVERSION of the PERUVU
DEBT.
Loar. s of 1870 and 18
The Persian Bank Mining Rights Corporation Limited
has been formed for the purpose of acquiring and turn-
mg to account the Mining Rights comprised in the
Concessicn fiom the Government of the Shah of Persia,
for the term cf sixty years from 30th January, 1889, and
Per’sk C0nCeSU ° n ls now vested in the Imperial Bank of
8 ra ? ted by the English Govern-
m»nt to tHat Bank limits it to banking business, aad the
Concession also provides that the Bank shall not it- e’f
carry on the mining and other works mentioned in
Articles n, 12 and 13, but provides that, with the sanc
tion of Re Imperial Government of Persia, it may sell or
cede the privileges, tights and poweis specified in such
Articles.
The sanction of the Imperial Government of Persia
was granted under date of January the sih, and the
document was registered at the British Legation at
Teheran on the 9th January, 1890.
The Articles thus referred to granted for the whole
term of the Concession the exclusive and definite
privilege of working throughout the Empire the iron,
topper, lead, mercury, coal, petroleum, mauganese,borax,
and asbesios (amianthus) mines belonging to the State,
and which had not been previously ceded to others. The
excepted mines are specified in an official list. The lands
necessary for the working of the mines and for construc
tion of roads to be given gratis to the Bank when such
lands are on State domain. The material necessary for
working the mines is to be free of duty, and the lands
and buildings are to be free from all imposts and taxes.
'Tha nf Persia K tn rL ner of
PRELIMINARY NO
The Peruvian Corporation have, ir
the Committee of Peruvian Bcndholc
Messrs. Robarts, Lubbock and Co.,
street, to receive Bonds of the above ]
for Snares of the Corporation on and
next.
The exchange will take place on the
For every £100 Bond of the
Loan, the Holder will receive c
Preference and ^"30 Ordinary S
Corporation.
For every ^ico Bond of th<
Lear’, the Holder will receive i
Preference and ^25 Ordinary Sh
Bonds of both issues must bea
mencing with the 1st day of Jan
To facilitate the exchange, I
received when amounting to £
£ 100 .
Arrangements have also been mac
Bonds held on the Continent v
d’Escompte, Paris, and Messrs. H
Bankers, Amsterdam.
Public notifications, giving full
shortly be issued by the firms named.
Monies resulting from the recent
Bondholders’ claims against Chile,
Bonds converted, will be distributed
lateably as a Bonus on the Prefen
Shares given in exchange for the Bon
By Order of the Board,
THOMAS E. W
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ig, 1890 .
Price 63.]
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MONEY.
T HE PERSIAN BANK MINING
RIGHTS CORPORATION LIMITED,
Incorporated under the Companies Acts, 1862 to 1886.
CAPITAL/1,000,000, in 200,000 shares of /5 each,
of which /3So,ooo in 70,000 Preferred Ordinary
Shares of 45 each, /65o,ooo in 130,000 Ordinary
Shares of /5 each.
I-:sue of/3So,ooo in 70,000 Preferred Ordinary Shares,
at /s 10s. per share.
Mess ?. J. HENRY SCHRODER and CO. and
Messrs. DAVID SASSOON and CO. invite subscrip
tions for the 70,000 Preferred Ordinary Shares at the
price of/5 10s. per Share, payable as follows:—
10 . on Application.
/i 10s. on Allotment.*
/I 10s. on 24th June.
•This payment includes the premium of 10s. per Share.
Further calls will not exceed /r per share, and will not
be payable at less intervals than three months.
TYt'd T?/ -, n'rvD 0
W. DUFF BRUCE, Esq., M.I.C.E.
Hon. George Curzon, M.P.
S. Ezekiel, Esq. (Messrs. D. Sassoon and Co.), Director
of the Imperial Bank of Persia.
Sir Leptl Griffin, K.C.S.I, Director of the Imperial
Bank of Persia.
George de Reuter, Esq., Director of the Imperial Bank
of Persia.
Frederick D. Sassoon, Esq., late Chairman of the Hong
kong and Shanghai Banking Corporation.
Bankers.
Messrs. Glyn, Mills, Currie, and Co.
Brokers.
Messrs. W. Greenwell and Co., 21, Finch-lane, E.C.
Solicitors.
Messrs. Hollams, Sons, Coward, and Hawksley.
Secretary (pro tem.).
George Newell, Esq.
Temporary Offices.
14, Austinfriars.
April 19, 1890.
The Persian Bank Mining Rights Corporation Limited
has been formed for the purpose of acquiring and turn
ing to account the Mining Rights comprised in the
Concessicn fiom the Government of the Shah of Persia,
for the term cf sixty years from 30th January, 1889, and
which Concession is now vested in the Imperial Bank of
Persia.
The Rojal Charter granted by the English Govern
ment to that Bank limits it to banking business, and the
Concessicn also provides that the Bank shall not itie’.f
carry on the mining and other works mentioned in
Articles 11, 12 and 13, but provides that, with the sanc
tion of the Imperial Government of Persia, it may sell or
cede the privileges, rights and powers specified in such
Articles.
The sanction of the Imperial Government of Persia
was granted under date of January the 5 b, and the
document was registered at the British Legation at
Teheran on the 9th January, 1890.
The Articles thus referred to granted for the whole
term of ihe Concession the exclusive and definite
privilege of working throughout the Empire the iron,
topper, lead, mercury, coal, petroleum, maoganese,borax,
and ashes,os (amianthus) mines belonging to the Slate,
and which had not been previously ceded to others. The
excepted mines are specified in an official list. The lands
necessary for the working of the mines and for construc
tion of roads to he given gratis to the Bank when such
lands are on State domain. The material necessary for
working the mines is to be free of duty, and the lands
and buildings ate to be free from all imposts and taxes.
The Government of Persia is to receive 16 per cent, of
the net profits of each mine worked, thus that Govern
ment will have a direct interest in the success of the
mining operations. The Concession gives liberty to
prospect and generally to test the value of all or any of
the mining properties, and works and mines the working
of which has not been commenced for 10 years after the
constitution of the Bank are to be deemed abandoned
and may be disposed of by the State.
The Imperial Bank of Persia has entered into a con
ditional contract for sale of these mining privileges and
rights to the Company. The purchase price has been
fixed at /8oo,ooo, to be paid as respects /i50,ooo in
cash and me balance by the allotment to me Bank of
/650 ,coo in 130,000 fully paid-up Ordinary Shares of /$
each in the Company.
The /350,coo of Capital obtained by this issue will
provide for the above-mentioned cash payment to the
Bank, and the residue of the Capital, viz., /200,00a, will,
it is anticipated, be amply sufficient to explore the whole
mineral resources of the Empire, to develop and work
such of the mines as the Company may deem it expedient
to work themselves, and to make the preliminary
developments and surveys previous to ceding any mines
to subsidiary Companies.
The Mining Engineers already sent out by the Bank
will be transferred to this Company.
It is anticipated that large returns will be obtained by
the sale of mining rights to subsidiary Companies.
The profits for each year will be applicable, first to the
payment of dividends up to 10 per cent, per annum on
the Preferred Ordinary Shares, and next to the payment
of dividends up to 10 per cent, per annum on the
Ordinary Shares, and after payment of such respective
dividends, one-half of the surplus profits will be applied
in payment of dividends on the / 3 S 0 > 000 -^ >re * errec “
Ordinary Shares, and the other half in payment of
dividends on the /6so,ooo Ordinary Shares.
withUs CanSw p 0 “P an y ma y commence business
Dremhiman? 1 taCt ’ the Pf sent issue is made at a
Messrs 1 *! w ** * gt * em J :at has been entered into with
S ® ?® nr y Schroder and Co. and Messrs. David
bassoon and Co., that in consideration of such premium
they guarantee the placing of the whole of the Preferred
Ordinary Shares, and are to pay and indemnify the Com
pany against all the expenses of forming and establishing
tne Company, including all registration fees, legal
expenses, stamp duty, brokerage and other expenses,
down to the final general allotment of shares.
Copies of the Concession from the Imperial Govern-
ment of Persia, and of the Contract dated the 17th of
April, 1890, between the Imperial Bank of Persia and
this Company; also of the Contract dated the 17 th of
April, 1890, between this Company and Messrs.
J. Henry Schroder and Co. and David Sassoon and
Co. ; also of the Reports of Dr. Tietze and General
Schindler, together with the book of Dr. Polak; and
also the list of the mines excepted from the Concession,
may be inspected at the Office of the Company’s
Solicitors.
Applications for Shares must be made on the printed
form, accompanied by a deposit of 103. per Share.
In cases where no allotment is made, the deposits will
be returned in full, and where the amount allotted is
less than that applied for, the surplus deposits will be
applied towards the payment due on allotment.
The subscription will be opened on Monday, the 21st,
and be closed on or before Tuesday, the 22nd inst.
Prospectuses and forms of application may be obtained
from the Issuing Houses, and from the Brokers, Messrs.
W. Greenwell and Co., 21, Finch-lane, E.C.
London, 18th April, 1890.
By order of Trustees, etc.—The New River.—Unquestionably the
choicest Home Investment of this or any other age.—Valuable
and important Freehold Estates, comprising one-quarter of a
share in the King’s Moiety and one-half of a share in the
Adventurers’ Moiety of the estates and interests of the New
River, in possession and expectancy.
M essrs, edwin fox and bouseield
wiU SELL, at the Mart, on WEDNESDAY next, April
23, at 2 o’clock precisely, as follows:—
Lots 1 to 13 will each comnrise a one hundred and
twentieth part of a King’s Freehold Share in the New
River. Last year’s income on each lot £21 15 0
Lots 14 to 18 will each comprise a one-twelfth part
of an Adventurer’s Freehold Share in the New River.
Last year’s income on each lot 217 10 0
Lots 19 and 20 will each comprise a one seventy-
second part of an Adventurer’s Freehold Share in the
New River. Last year’s income on each lot 36 5 0
Lots 21 to 28 will each comprise a one seventy-
second part of a King’s Freehold Share in the New
River. Last year’s income on each lot 36 2 2
Total annual income on the above lots ..£1,731 0 0
Plus annual increase, bonuses, and reversion.
Particulars at tbe Mart; and of the following Solicitors :
Messrs. Rivington and Son, 1, Fen church-buildings, E.C.; of
Messrs. Munton and Morris, 95a, Queen Victoria-street, E.C.;
of Messrs. F. and A. C. Smith, Bungay; and of Messrs. Russell,
Son, and Scott, 14, Old Jewry Chambers, E.C.; as also of
Messrs. Edwin Eox and Bousfield, 99, Gresham-street, Bank,
E.C.
HTHE PERUVIAN CORPORATION
1 LIMITED.
Mcorgate-s'reet-ohambers, London, E.C.,
18th April, 1890.
CONVERSION of the PERUVIAN EXTERNAL
DEBT.
Loats of 1870 and 1872.
PRELIMINARY NOTICE.
The Peruvian Corporation have, in conjunction with
the Committee of Peruvian Bondholders, arranged with
Messrs. Robarts, Lubbock and Co., Banker?, Lombard-
stieef, to receive Bonds of the above Loans for exchange
for Snares of the Corporation on and after the 1st May
next.
The exchange will take place on the following terms
For every /100 Bond of the 6 per cent. 1870
Loan, the Holder will receive certificates for /24
Preference and /30 Ordinary Shares of the above
Corporation.
For every /ico Bond of the 5 P er cen f- 1872
Lean, the Holder will receive certificates for /20
Preference and /25 Ordinary Shares.
Bonds of both issues must bear all Coupons com
mencing with the xst day of January, 1876.
To facilitate the exchange, Bonds will only be
received when amounting to /100 or multiples of
/i 00. . r
Arrangements have also been made for the receipt o;
Bonds held on the Continent wi ll The Banque
d’Ercompte, Paris, and Messrs. H. Oyens and Sons
Bankers, Amsterdam.
Public notifications, giving full instructions,
shortly be issued by the firms named.
Monies resulting from the recent settlement 01 the
Bondholders’ claims against Chile, in respect of all
Bonds converted, will be distributed by the Corporation
rateably as a Bonus on the Preference and Ordinary
Shares given in exchange for the Bonds.
By Order of the Beard,
THOMAS E. WEBB, Secretary
will
HE AMERICAN ASSOCIATION
LIMITED, THE MIDDLESBOROUGH
TOWN COMPANY, AND THE SUBSIDIARY
COMPANIES.
The New River.—Unquestionably tbe choicest Home Investment
of this or any other age. Fifty London Bridge Waterworks
Annuities of £2 10s. each, and payable half-yearly for a term of
nearly 200 years, secured as a flrst charge upon tbe income of
the New River Company.
M essrs, edwin fox and bousfield
SELL, at tbe Mart, on WEDNESDAY next, April 23,
at 2 precisely :—
Lot 1.—Four Annuities as above.
Lot 2.—Four similar Annuities.
Lots 2 to 8 will each comprise four similar Annuities.
Lot 9.—Two similar Annuities.
Lot 10.—Two similar Annuities. . .
Lots 11 to 17 will each comprise two similar Annuities.
Particulars at the Mart, and of Messrs. Edwin Fox and Bous
field, 99, Gresham-street, Bank, E.C.
CIR JOHN BENNETT Limited, Watch,
Clock, and Jewellery Manufacturers to her Majesty the
Queen, the Royal Observatory, the Board of Trade, foreign
Governments, and the principal railway companies, 6a and 64,
Cheapside, E.C. TWENTY-EIYE POUNDS.-The ‘SIR
JOHN,” a Standard Gold Keyless | Plate Half-Chronometer
Watch, accurately timed for all climates. J swelled in 13 actions.
In massive 18-carat case, with monogram or crest richly embla
zoned. Catalogues post free.—SIR JOHN BENNETT Limited,
65 and 64, Cheapside, E.C. Illustrated Catalogues post free.
W ILLIAM H. COLEMAN AND CO.,
STOCK AND SHARE DEALERS,
51, QUEEN VICTORIA. STREET, LONDON.
Stock operations conducJjfed, both, on the “ COVER " SYSTEM
and “ COMBINATION ” PLAN.
Parties wishing to/speculatc will do well to consult us beiora
so doing. „, ^ „
Our iAiVLTlTIES and RATES are unsurpassed by those of any
other broker Often a local commercial agent in the Gulf who regularly performed duties of intelligence gathering and political representation. . New Circular, explaining bow to make money in
Stocks, gratis and post free upon application.
Telegraphic Address—“ APLUSTRE, London.
Bankers’ and other References.
ASIL JAMES AND CO.,
STOCK AND SHARE DEALERS.
7 UNION COURT, OLD BROAD STREET,
" E.C.
Options in all Stocks and Shares.
Send for our Circular, post iree.
W
YBURD, YOUNG, and CO.,
STOCK AND SHARE DEALERS,
MANSION HOUSE CHAMBERS,
11 QUEEN VICTORIA STREET, LONDON, E.C. _
OPEN SPECULATIVE ACCOUNTS at closest Market price,
with 1 per cent, cover, and no further liahilitj.
Thus £5 will cover £500 Stock.
£10 „ £1,000 „ and so on.
No commission charged on buying or selling. Registered
telegraphic address, “ Aerostat,’ London.
b 1 Correspondence invited.
allowed on
NOTICE IS HEREBY GIVEN, that on Saturday,
the 19th inst., the cilices of the above Companies wiil
be removed to Blomfield House, New Broad-street,
E.C.
N orth London railway com
pany.
The Directors of this Company are prepaied to receive
tenders for the supply of 1,500 tons 01 House Coal; the
deliveries to extend over a period of twelve months, or
thereabouts, commencing in May next.
Particulars of terms and conditions of tender can be
obtained on application to the Locomotive Superin
tendent at the Company’s Works, Bow Road, London,
E.
Tenders addressed to the undersigned, to be sent in
before ten o’clock on Wednesday, 30th April, 1890,
marked outside “ Tender for House Coal.”
The directors do not bind themselves to accept the
lowest or any tender.
G. BOLLAND NEWTON, Secretary.
Eustcn Station, London, N.W.
17 th April, 1890.
BILLIARDS or BAGATELLES.
All those requiring New or Second-hand
Tables, Requisites, or Billiard work done,
should, before going elsewhere, send for
New Price List, Cloth and Cushion Samples,
to HENNIG BROS., 20 , High Street
Bloomsbury, London, W.C* Estd. jofe.
IJIRKBECK BANK
Tw 0 0 SI1 p?US"S d ST on CmRENX
ACCOUNTS calculated on the minimum y
balances, when not drawn below /ioo.
The Bank undertakes for its Customers, free of ch g ,
the custody of Deeds, Writings, and other SecmR
and Valuables; the collection of BlU “ e °f sals ^ 0 f
Dividends, and Coupons; and the purchase
Stocks, Shares, and AEnuities.
Letters of Credit and M ana ger.
FRANCIS RAVENSCROBT,
Mr.
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