Untitled

Dominion, Volume 1, Issue 134, 29 February 1908, Page 7

.The new Briinricr Coal Mine; the .jiroFjtecttas of which is advertised; is .a commercial, iri'vesthient in. coal offered 'to the piiblic. The property, situated on tlib Grey Hiveiv. Bftlniiertohi. consists ,of 150 acres of freehold,.known as tile I'yriesidb Coal Company) whi<|h yielded a net profit of,oyer ,£)G0l) li\st year, ilnd is estiliihted 16 return, during the .cuvreKt .year itoOOll clear; aiid 800 acres of leasehold, part of.-which, is tile celebrated Wallsend Mine and Coal, l'it. Heath, all of which, it is 1 stated, hold splendid coal in inoxiiaustible supply. T'ho output of. the . Tyneside Mine for the year 1907 was ..over SIjOOO tons of coal, and the intention tif the iibw Company is to unwater tile . WaUsfeiid, Jrinc in order to. Work there, as well as from the former mine.- Tlie increased capital fof tilfi new Company is ,£50,000. Expai-tS liavd' reported favourably ,on these cbill inea'suies for steam, gas, arid libiisehold piirposeS. Although the. prospectuses havo only beeii otit about a week, it is ann'oiinced that iicnrly onehalf of the shares olfered to the public have been applied for. All d'eHrous. of applying' for interests iii this investment- should do'so early from the brokers, Messrs. Hjorriiig and .WeJiiaiton.