Dyffryn Mining Co. Ltd
|Incorporated||22 November 1888|
|Objects||To aquire Dyffryn Mines near Barmouth (presumably Hafotty)|
|Registered Office||14 Newgate Street, Chester
100 Queen Victoria Street, London
|Original Capital||£5,000 as 5,000 shares of £1 each, issued 2800 (1889), 3625 (1895)|
|Directors||1891 Samuel Pope (chairman)|
|Company Secretary||T J Powell
A S Barnes
|Disolved||17 June 1898|
The company appears to have been setup following an agreement dated 15th November 1888 between Philips, Robert Jones and William Wright (the vendors) and the Company regarding the purchase of leases and options granted to Joshua Lancaster and the Dyffryn mines, lately worked by Lancaster, which were then owned by the vendors. Under this agreement Philips was to receive a royalty of 9d (3.75p) / ton on all ores from the mines and on all ores obtained by the vendors from any mine within 6 miles of the coast between Barmouth and Talsarnau (presumably as a means of limiting competition). The purchase price of this agreement was £2400 as £400 in cash and £2,000 in fully paid shares.
On the 8th December 1888 the Mining Journal [MJ 1888 p. 1388] reported that the company had been set up with the object “to aquire by purchase the Dyffryn Copper Mines and Smelting Works, situate near Barmouth, in the county of Merioneth, Wales, with the leases thereof, plant, machinery, stock, and ore &c.” However, the Home Office Lists of Mines do not show the company as having worked or having had any connection with copper or any other mines other than the manganese workings listed above. The “Dyffryn Copper Mines and Smelting Works” cannot be identified.
An agreement was made dated 14th October 1891 between James Wilson MacQueen (the vendor) and the Company, mentioning that MacQueen held a take note from the Crown dated 24th March 1890 of Hendre mine and had spent £1,685 on it and sold ore for £1,065, for MacQueen to sell the mine to the Company for £600 in shares. However, the company does not appear as the owner of Hendre in the Home Office lists of mines.
See also A Speakman.