A Good Investment.
A paragraoh m a. recent issue of a London journal says : — On Wednesday afternoon one of the most astounding sales of colliery property ever known took place at Bamsley, when collieries situate at Dodworth and Silkstone Iron Company (Limited), w^re sold by auction at the King's Head Hotel to Mr Robert Whitworth, of Manchester, for £2,000, having been floated m 1 873 with £100,000 nominal capital. The sale took place by order of the Court of Chancery. There being no reserve bid they were, knocked down for that sum to the astonishmentofevery body present. At one time they employed two thousand hands. It was stated by the auctioneer that there were 1,824 acres of. coal, and m addition the purchaser would have the benefit of £11,000 money overpaid for coal rents. There were 32 engines, of 1,008 horse-power ; 25 boilers, giving 1,000 horse-power; 134 cokeovens; 50 miles of tramways and sidings, and one of the finest colliery; phnts m Yorkshire.
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Bibliographic details
Manawatu Standard, Volume 3, Issue 37, 19 March 1883, Page 2
Word Count
163A Good Investment. Manawatu Standard, Volume 3, Issue 37, 19 March 1883, Page 2
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