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' rra TWEUJTY-JfMTH REPORT OF TIIE DI R E C T 0 R S OF THE Imperial BBAZIUAK IlSISti ANSOICIAVION, READ AT THE HALF-YEARLY GENERAL MEETING On FRIDAY, 13 th NOVEMBER, 1840, AND AN APPENDIX, CONTAINING EXTRACTS OF COMMUNICATIONS FROM BRAZIL ; Account of Mailt} OTloriuttgo \ For the Half-year ending June 30th, 1840 ; AND FIUTASTCIAli STATEMENT FOR THE SAME PERIOD. aonOon: 1840. Printed by the Philanthropic Society, St. George’s Fields. C.Z X L N\ \ vz-ci'a /Directors, JOSHUA WALKER, Esq. Chairman . TIMOTHY A. CURTIS, Esq. Deputy-Chairman. THOMAS GIBSON, Esq. ISAAC LYON GOLDSMID, Esq. GEORGE LEWIS HOLLINGSWORTH, Esq. JOHN SHORE, Esq. THOMAS STOKES, Esq. MICHAEL WILLIAMS, Esq. JOHN WRAY, Esq. &uUitor0, HENRY JAMES BROOKE, Esq. THOMAS GIBBES, Esq. Uanfeer#, The BANK OF ENGLAND. ^oltcttor*, Messrs. J. C. and H. FRESHFIELD. Secretary, Mr. GEORGE THOMAS. 17 fresh outlay of money, or to commence working upon them. The Directors have now to call the attention of the Shareholders to the Financial Statement.* The Balance of the Financial Account is £6399 4s. lid. applicable to the requirements of the Association for the current half-year. The produce of the mines would have been sufficient to authorize a Dividend under ordinary circumstances, but looking to the heavy liabilities of the Association, and to the small produce of the mine since June (it being' only 61 lbs. 5oz. 5dwts. 12grs. up to the Sth August, when the last accounts were dispatched) .the Directors have not thought it right to colour their Report with the false glare of a Dividend, when by possibility it might again be required of the Shareholders in the shape of a Call. The Accounts shew a diminution of nearly £1600 in the expenditure of the half-year in comparison with the preceding one. * See Appendix, C The Directors conclude this Report with the expression of their thanks for the confidence which the Shareholders have given them, and with their renewed assurance that every thing which can in the minutest degree affect the in¬ terest of the Association will meet, as it has hitherto invariably met, their most earnest and anxious consideration. And they further trust, that though the concession of the reduction of the Duty has been so long protracted, its ulti¬ mate attainment will convince the Shareholders that their best endeavours have been unremit¬ tingly directed to that important object. T. A. CURTIS, Deputy-Chairman . Winchester House, 13th Nov. 1840. 19 APPESTBIX. DECREE Reducing the Duty to 10 per Cent . extracted from the Correio Official of 1 3th July , 1840. Decreto N. 128 de 23 de Junho de 1840, reduzindo a dez por cento os Direitos que paga a Imperial Sociedade de Mineracao Brasileira do Gongo Soco. O Regente, em nome do Imperador, o Senhor D. Pedro Segundo, tem sanccionado, e manda que se execute a Reso- lucao seguinte da Assemblea Geral Legislativa. Art. 1 . Os Direitos de vinte por cento, que, em virtude da Resolucao de seis de Outubro, de mil oitocentos e trinta e sete, actualmente paga a Imperial Sociedade de Mineracao Brasileira de Gongo Soco, ficao reduzidos do anno financeiro de mil oitocentos e quarenta a mil oitocentos quarenta e hum em diante £ dez por cento. Art. 2. Ficao revogadas as disposicoes em contrario. 20 Joze Antonio da Silva Maya, do Conselho do Mesmo Augusto Senhor, Ministro e Secretario de Estado dos Negecios da Fazenda, e Presidente do Tribunal do Thesouro Publico Nacional, assim o tenha entendido, c faca executar com os despachos necessarios. Palacio do Rio de Janeiro, em vinte e tres de Junlio, de mil oitocento3 e quaren'ca, decimo nono da Independence o do Imperio. Pedro de Aran jo Lima, Joze Antonio da Silva Maya. (TRANSLATION.) Decree No. 128 of 23rd June, 1840, reducing to 10 per cent, the Duty paid by the Imperial Brazilian Mining Association of Gongo Soco. The Regent, in the name of the Emperor, D. Pedro the 2nd, has sanctioned, and orders the execution of the following Resolution of the General Legislative Assembly. Art. 1. The Duty of 20 per cent., which, by virtue of the Resolution of 6th October, 1837, is actually paid by the Imperial Brazilian Mining Associ¬ ation of Gongo Soco, is reduced to 10 per cent, from the financial year 1840 to 1841 forward. Art. 2, All regulations to the contrary are repealed. 21 Jos6 Antonio da Silva Maya, of the Council of the Em¬ peror, Minister and Secretary of State for the Finances, and President of the Public Treasury, v/iTI thus understand the foregoing Decree, and give the necessary orders to cause it to be carried into effect. Palace of Rio de Janeiro, 23rd Jane, 1840. 19th year of the Independence and of the Empire. (Signed) Pedro de Aranjo Lima, Joze Antonio da Sieva Maya. 22 (Extracted from the Correiro Official of 14 th July , 1840 .^) Ministebio da Fazenda, Expedients do dia 6 de Jullio de 1840. A Thesouraria de Minas, remettendo por Copia o Decreto No. 128, de 23 do mez passado, reduzindo os Direitos que actualmente paga a Sociedade de Mineracao de Gongo Soco, para ser executado, advertindo que a reduceao s6 diz respeito ao ouro que for extrahido do 1 de Julho em diante o que se deverd provar com a escripturacao da mesma Sociedade. (TRANSLATION.) Treasury Department, Despatch of Business on the 6th July , 1840. To the Treasury of Minas, forwarding per copy to be carried into execution, the Decree, No. 128, of 23rd of last month, reducing the Duty now paid by the Imperial Brazilian Mining Association of Gongo Soco, with the understanding, that the reduction applies only to the gold extracted from the 1st July forward, and which must be proved by the records of the said Association, 23 EXTRACTS OF LETTERS FROM G. V. DUVAL, Esq. Chief Commissioner , To the Board of Directors. Gorgo Soco, 10th February, 1840. “ Gentlemen, “ My last letter communicated the splendid bunch of gold which was found on the preceding day at the 34 fathom, Curtis's, and was disposed of on that day at the washing-house. Your oldest Captains say, that this is perhaps the richest bunch ever discovered in Gongo, and which has given the greatest quantity of gold in a given time, as it occupied only three hours to break the stuff which filled the three boxes sent up to the washing- house in that short space of time, and which produced 105 lbs. of gold. The bunch has disappeared as speedily as it had made its appearance, and the ground is now poor, though it may be expected to yield good stuff for some days for Goldsmid's Stamps. The knowledge of the immediate presence of this rich bunch is probably due to the practised eye of one of your junior Captains (Blarney) and might perchance otherwise have been overlooked." 24 Gongo Soco, 10th March, 1810. * • • • • • • a • • <5 • • & a pH Q l-H HH PQ Pi Pi >« H <1 PLh < Pm S <5 s a a © lbs.353 8 2 7 lbs.395 4 3 17 lbs.749 y to the 30 th June, 1840. Kieftitot*. £ s. d. T< December, 1839 . 6,714 17 2 r . Stock 3i per cent. Reduced Dividend. 822 0 1 for Miners’ Apparel. 57 6 1 ed 0 9 0 9 18 0 ler Margarets, ear... .£6,273 16 7 per ditto, to . 11,575 14 9 - 17,849 11 4 rer, and 27oz. of Palladium.. 82 19 11 L 6oz. of Gold Dust not yet . 13,460 0 0 £38,997 1 7 Ail ive of the Cost of the Mines ided thereon, Mining Imple- Totand at Gongo Soco, the 30tli c Gq m rustees, 3i per cent. Reduced . Stock Souza, to be repaid by him.. apman’s Estate . Cam all bar of Antonio Pereira Illadium. No £6,399 4 11 37,792 16 8 21,688 11 9 1,270 16 8 2,021 12 11 y this Statement to he correct. E $ \ Auditors. Street, 12th November, 1840. of the Imperial Brazilian Mining Association from the Is/ of January to the 30th June, 1840. Hector. (Sht&ttor* £ s . d . To Cost of £820 19s. 7d. Stock 3J per Cent. Annuities purchased with the April Dividend. 822 0 1 Mining Implements, Houses, Horses, Mules, &c. &c. 3,653 2 4 General Expenses. 5,986 1 0 Salaries and Wages, viz. in Brazil.£7,986 8 6 in London, to the Directors . 500 0 0 “ Auditors. 25 0 0 “ Secretary and Clerks 337 10 0 -*—- 8,848 18 6 Interest on Monies borrowed. . 239 18 1 PaidP.N. Johnson for refining 428 lbs. 7oz. Gold Dust@7s 150 0 0 Loan to Senlior Jos6 Peixoto da Souza. . 1,270 16 8 Paid on Account of purchase of part of Socorro, Carnpo- bello, Capim Gordura, and Santa Cruz Estates. 11,627 0 0 Balance... 6,399 4 11 £38,997 1 7 By Balance in hand on the 31st December, 1839 . Dividend on £46,971 \7s. Stock 3J per cent. Reduced Annuities, being the April Dividend. Cash received at Gongo Soco for Miners’ Apparel. Discount on Stamps purchased. Fees on Transfers of Shares .. Produce of Gold Dust, viz. 151lbs. 2oz. 3dwts. lOgrs. per Margarets, appertaining to last half-year.£6,273 16 / 277 lbs. 8oz. 12dwts. 14grs. per ditto, to this half-year . 11,575 14 9 •/ Produce of 254oz. 6dwts. Silver, and 27oz. of Palladium.. Estimated produce of 321 lbs. 6oz. of Gold Dust not yet arrived.. • • £ s* d. 6,714 17 2 822 0 1 57 6 1 0 9 0 9 18 0 17,849 11 4 82 19 11 13,460 0 0 £38,997 1 7 Arrears of Salaries and Wages due by the Association on the 30th June, 1840, about. £7,768 0 To pay, to complete the payment for the above-named Estates, about... 1,600 0 Gold Dust raised in the half-year ending the 30th June, 1840.lbs.749 0 6 0 Deduct Duty 20 per cent.. 149 9 13 5 lbs.599 2 12 19 Came home per Margarets, lbs,277 8 12 14 Deficiency. 0 0 0 5 Not yet arrived. 321 6 0 0 lbs.599 2 12 19 0 0 Assets of the Association, exclusive of the Cost of the Mines and Estates, the sums expended thereon, Mining Imple¬ ments, Cattle, and Stores on hand at Gongo Soco, the 30tli June, 1840:— Balance of the above Account ... Reserve Fund in the Names of Trustees, 3§ per cent. Reduced Annuities ...Stock Deposit at Rio de Janeiro. Loan to Senlior Jos£ Peixoto da Souza, to he repaid by him.. Debt due by Messrs. Fry and Chapman’s Estate . Office Furniture, Specimens, 1 small bar of Antonio Pereira Gold, and about 2996oz. of Palladium. £6,399 4 11 37,792 16 8 21,688 11 9 1,270 16 8 2,021 12 11 We, the undersigned, having carefully examined the Books and Accounts of the Association, certify this Statement to be correct. Signed, H. J. BROOKE Trios. GIBBES Auditors . Winchester House, Broad Street, 12th November, 1840 Printed by the Philanthropic Society, St. George’s Fields. 1 ‘v-i mS : ;-■» 8*23 ■Off Vf i ;>S ;' .’&&& '. v ’" « " - / /'’ ' V ■ BBSS:-' • i>.' W[twrM\ ■ t M s? »!y 1 i , ag*'• ; , S 1 r ./JH| II .* . . c -• :‘ ; V' UNIVERSITY OF ILLINOIS-URBANA 622 06IMP REPORT OF THE DIRECTORS 291840 *4* ty $ J 4 Q 4h $$ "U4 n 44 <5 \j 4 u '4 ■ ; .? >j 'm w m ww , \ \ ■s \ s ■>/ V ' V- ' $, \ \A A ' • ■- i \ VX A A/V v V v V 'X \ \ A '\ \ V \ \. N \ \ X: V A <\AaAA\\AA 5 > )4n m $$ $