[See Rising Sun Engine and Princess Royal ]
1838 Lydney and Forest of
Dean
Coal Company, prospectus
The company is about to be formed
with a view to bringing into full production a large and valuable coal
property, situated in the Forest of Dean, close to the mainline of the
Severn & Wye Railway.
The property has been selected by
a Gentleman of much local knowledge with great judgement, and has been
reported upon by three Mineral Surveyors of eminence, and in part by a
Gentleman thoroughly conversant with such property, though not a
proffesional
surveyor and they all concur in pronouncing it of great value and
unusual
capability. The Gentlemen to whom it belongs have brought it to
its
present state by a considerable outlay, but with capital insufficient
to
do justice, in any degree, to its capabilities.
The report alluded to having
satisfied
them that by an extension of Capital a very profitable result is
certain,
they have determined to offer it to a body of Shareholders at a
moderate
price (say £100,000) taking a large portion of that amount in
Shares,
in proof of their opinion of the property & their unwillingness to
part with more than sufficient to make it yield all that it is capable
of. Full particulars are set forth in the annexed statement.....
...A colliery called ‘Arthur’s
Folly’
or Speedwell; held subject to a small gale rent of £20 per
annum.
This colliery by the outlay of £3,000 or £4,000 would
become
very productive and valuable and might be extended to the Iron Ore...
1841 James Morrell and
Robert
Morrell, bankers of Oxford, as mortgagees in possession to Arthur’s
Folly
or Speedwell.
Formed part of Rising
Sun Engine.
17 September 1877 Forfeited.