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Les diagrammes suivants illustrent la m^thode. 1 2 3 .,'■■-«■» 1 41 ' s^". ;- ^.-^."£4/ /V ^■ '4^->- ■(«wdaniM t'* < M*<* '^4»"J r« , / '•■V- :• i 1* -s,... •r •A fe^ ai^. 't.* ■■', .^.. PBIVATE. PROSPECTUS. o. th:id LOW jPOilfT, BARSASOiS A»B liHUlS COAL /MilfiirO « SAIi.BOAB COMPABT. 7(9 6e lnc6p)omted under an Act of the Lighlature of Noua Scotia, with the liability of the Members limited to the amount of Stock subscribed. Jilt bompany is formed for' the purpose of purchasing, more fuily deveioping and wording the Mines and Coal Areas, hereinafter shortly described, now held by the General / Mining Association, Limited. To accomplish this effectually, considerable addi- tional Capital will be required, and the Association consider it just and right, and they are d^irous, that parties resident in the Dominion of Canada, and especially in the Province of Nova Scotia, should have the opportunity of taking an interest therein, through the formation of an independent Company for worl(in| these Properties. CAPmL $600,000, IN 6,000 SHARES OF 1100 EACH. / FIBST I88DE OF 8HABES WILL PBOBABLY NOT EXCEED $450,000. gtt'cciof'g. rn i0^' -'*»■ '.( - .. *>' ■i^^ >i ]'j.i. ,.;v, Vufv|^, ..^^'. ,.w*iA,,(u. 'ttiM«^skyfc« f^'^'«-^-^^lMlli^#'#^' ' r « , i >*: ■inoinpuiying plan, of tb« fbI|owiiig B^ei' and coal aieas on the sauth-eMt side of Svdney Harbor, Breton — immediately Opposite tl^^ld Sy^y Mine»— forming the moat valuat^a ooftl diatriot in 0«p« Breton, vi^ :— • *. (a.) The Lingan Mine and Area, aboat«S aqoaib miles. (B.) The Ban-Mois Azea. " " 6 " (c.) The Victoria Aiwi, (Low Point)" 7 " « t These areas are contiguous and contain practically an unlimited quantity' of first-class coal, following workable seams are found on the property, lind have all been either' worked or proved : — The Carr Seam Barrasois 'Diinphy . lAtvid or Boas Main Fraser . 4 ft. in. thick 8 ft 8 in. " 4 fL in. " 7 fty 9 in. • 8 ft Bin. " 4ft.2iiL " The Lingan Mine, working tiht^ " Main Seam" hM been in operation since the year 1867, and has an equipment fpr ancl is capable of an output cf 4U,000 tons per annum, which can be increased at but little Sbdditional cost, This coal is an excellent gas, steam and house coal, an^ is, well and favorably known in the Province and in the United States. The Barmsois adjoins the Lingan Area, and « feir thousand tons of coal have been taken from it while proving the coal and driving levels.' t ■. The Victoria or Low Point adjoins the Barrasois Area and abuts on Sydney Harbor. The G. M. Association have recently acquired, in addition to tbe Land Area originally held by them, the principal seams in the five square miles of submarine coal areas formerly belonging to and worked by the Victoria Mining Company, together with 3|/iniles ot railroad, the wharves, machinery, buildings and plant connected there- with. •„ Since the O. M. Association acquired this property, in May, 1882, they have been actively engaged in utiludng this plant and raikoad, are equipping therewith an entirely new colliery on the Victoria or Low Point Land Area to work the " Bott Seam," and are making an extension of one mile of railroad to the proposed site of it . The coal of the " Ross Sc^am " is 7 feet in thickness of excellent quality, suitable for steam or house purposes, and when worked by the old Victoria Ck>mpany was esteemed second only to that of Old Sydney Mines. , * ' The " dip " of the Seam of the Old Victoria colliery was too great (39,? ) to admit of its being profit- ably worked by the former Company, but where the new colliery is being developed the " dip " ia onl^.84 ^ and rapidly decreases to 19 ^ , and finally to 12 ® in the direction of Lingan. At this new odlieiy no expennve piti or sinking will be neoessaiy as the coal oropa oat on the snrfiMW and slopes are now being driven in the ooal, so that as Soon as the plant is ereoted and the railroad extensitm of one mile oompleted, say towards the early sommer of 1884, the ool^leiy should be in operation. It is proposed then, to extend the railroad a further three miles and to establish another oollierV' to irork the Barrasois seam, at about the spot marked on the plan. The railroad may afterwards be extended a further distance of two miles to the Lingan Mines whei« the sballow water of the Lingan Harbor will not allow of the entry of large vessels and is, therefore, against any extensive shipments being made from thence. This Company will therefore have, in the course of a short time, three collieries connected \fj • iKie of railroad to the best shipping berth in Sydney Harbor, with thirty feet of water at the wharves, and be capable of a combined output of 250,000 tons per annum. ' , i , ,;\, ,/-■.■..,-.■.,. :,.-'■: PROSPECT OF PROFITa' y*r -. y '■^,:j.,r:-^y.--/ '< The New Victoria or Low Point Colliery alone should be aUe in one year firom commencement of shipping to put out 50,000 tons, and in another two years 100,000 totts per annum. *■ , , Tbe cost of working this oollitay, oonndering the uasquailed fiMsillties for cheap proda«>tioB and ship, ping, should not exceed f 1.25 p^r ton on 50,000 tons, and 1.10 per ton on 100,000 tons. Taking the price that could be obtained at Sl.75 (the present price of Old Sydney coal is $2.25), it tould leave a firoftt of 50 cents per ton on 50,000 tons, or 126,000 ; aad 66 c«nts per ton on 100,090 tons, o^jMSiJOOO — sufficient to pay 10 per cent on the entire capital. It will bo seen that this estimate of profit appliea only to the Oollieiy luiw being iiquipped, called the Mine, and when the railiroad is extended to Banasois, and the new colliery opened there, this Company will, as abov^diewn, have three collieries capable of an output of 250,000 tooa, yialdiog aoomq^ding augmoi- tatibn ofWoflts. " ••"•*: 'y.'5".j«. PRIOK TO BB GIVEN FOB THE PBOPBRTf . , ^ extension.^ It h, therefow. likely that «t first not more $250,600 of new capital wUl be required. " as \oonZ'£^Z'Lli"Sl ^"T r'" *^ ^'i'"*''^ *" '^~'*" ^' ''°™«^ "'^ *« «>»»»«» operations The chief reason fqr they may have the advant be O. M. Association desiring to give this Company a Ic which must accrue in every way from having a body of : existence is that Shareholders. The O. M. Association in so confident of the new Company's success that thuv ii«,'^{li;„„ ♦»,-* adequate portion of the f lOO.OtO to be paid or ««ured to themTpLJ oTSe ^^^ "o^^ bl Tf necessaiy applied Jn. making up .to the holden. of the newly-paid ^it;i foTtL^ TsKd^sS ! mimmum dividend at the rate of 5 per cent per annum on th^^mounCf 'tLl^jJcTe ^-t J^ ' V * -^n «' ""^^^ ,*"• ^^'^ ^^ required for the mile extension of railroad, and for the Low Point or N««r Victorui Colhery « already acquired. «id besides this the A«K«iation owns «.me 100 Acres of freehold land at the New Victoria Area. 170 ". " " BarrasoU *«0 " " " Lingan " The demand for coal at Sydney Harbour is increasing mpidly. It is becoming the bunkerinir Dort for steamers not only from Canada but also ffom the Southern SUt^ of America. The ZrZdt^ZZe ^andMontreal^alsoa^quinnglai^dim^^^^ I-tyear200.000tonsofC.^BLl create Pa^L^cZLl^t'tTr^ ^' '^'^^ busines^ffi douL^'l!!'$^7wl.'^*'r of Nova Scotiaind Cape Breton have within the h«t twelve years mow thati douljled. In 1871 the total sales being 5^6.000 tons, and in 1882, 1,2.50.000 tons. - . ' f«>m th?c.;^T r^''?- *** ^ ^Tf"T *° *^' ^^'^^P'^y ^y *^« M- Assodation ^ hdd" under lea^s uTte^s o^ IS'vf ° r T.'^*^ T" ^^"^ '''''^°« '^«" **^2>^" *o "»«w1 for three oonZ- fave terms of 20 years each. Thp precis^ terms of such renewals aMf1etfortK,in the Act of the Nova sTtia Legislature pass«l in I860. Section lOsTto 109. to which refewncX made ; but tL^^Wd^effrof^S ^ leuidation IS to pUce the parties working the areas in 1886 in pSUion of^ighte of 1Z^ of^^£ ' areas on the same or on equitably sim^ar terms as those under ^the existhig leases a^Teld ^ U«» cS'soTd "^ ^ *" Governm^t of Nova Scotia under eli^l i is ten cents per ton ^n ' Unter^L^^TT^r^ ^^'^'^'^ ^i^h a stroi^ wish not to hold out to subsc^ibeni dehuiive hopes of aTtW r ' • 'I '^ " cow'dored that the qi^tity of coal in these areas is pi«rticaUy in^haiSible and that there is a rapidly growing market for it, it is confidently believed that a fX^»atirfi^S^lSe of r«nune«tive profit is assured and that the p^speci of a good aid permanent inveTL V^^S^ - V r>-f «f ««.i^- ^"^tJ"^ T^ "" '^^'''^ '^"* estimates ai« based is extremely low. and in the e'Unt of the nric of coal n«ng above the pn»ent low rate, thisetimate of profits may be considemb lr in^3 ^^ ' . ' ' - .,' ' -,. ' " ' •• " "" • -y-— -—- - ^ '-""' ." ■" -- ■■•■■ — .'•f: ■"■•if :;ii^- %■ ■-■■ W-V ' ''S^-^i^'iimm' ': ^ «tliAri^ w