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Home > Beyond Scotland > Wales and vicinity > London, Leeswood & Erith Mineral Oil Co. Ltd.

London, Leeswood & Erith Mineral Oil Co Ltd.

Constitution Limited company
Company number 1670C
Share capital £250,000
Date of Incorporation 23rd October 1864
Date of Dissolution c.1869
Registered Office No.2 Cushion Court, Old Broad St, London
85, Cheapside, London
Property Pont-y-bodkin Oil Works
Pont-y-bodkin Colliery

William Charles Hussey Jones, co-proprietor of Leeswood Green colliery, is credited with the discovery of the oil-rich Leeswood cannel coal that spawned the coal oil industry in North Wales. In 1861 Jones obtained a licence to use Young's patent to manufacture oil, but little appears to have come from this, however later that year, Jones contracted to supply cannel coal to Fernie and Carter for oil production at their Leeswood and Saltney works. It appears however that Jones had difficulties in meeting the requirements of this contract

The London, Leeswood and Erith company was established to purchase the mineral interests of Jones and associates in the Leeswood area, including the contract to supply cannel to Fernie and Carter. The Articles of Association of the company also make reference to a lease of 20 acres of land at Erith in Kent. It is uncertain whether the intention was to construct oil works on that site, and whether there was any association with the Belvedere Oil Works of Charles Price & Co, that operated in the Victorian era and into the 20th century

erith

Belvedere oil works, Erith, Kent, of Charles Price & Co. (also the works of Callenders Cable & Construction Co. Ltd. ?)

 

Evidence suggests that the company operated works at Pontybodkin, prior to taking over the Patent Oil Works of William's Patent Mineral Charcoal and Oil Co. Ltd. and its general manager, William Mattieu Williams. A newspaper account quotes William Mattieu Williams, the general manager at Pon-y-Bodkin;

"our whole clerical staff consists of one office boy; our commercial transactions being conducted in London"

The company were also owners of a coal and cannel pit (the Pont-y-Bodkin colliery) and are listed as coal masters in the 1868 Slater's Trade Directory of Wales. A substantial dinner, laid on by the company for their workforce, was reported in the Wrexham Advertiser of 5th January 1867. Between speeches and songs, mention was made of the company's "two branches of work" and toasts were drunk to "the company" and for "health to the working classes". It was also reported;

"When the workmen enjoyed their treat twelve months ago, there were two companies, one of which gave a treat to the men; but now they were under one board of directors, and he (the chairman) felt anxious that the men under him should be met by him according to the old custom, to exchange a little friendly feeling; and so he wrote to the board of directors, who lived at a distance, but who still had the welfare of the workmen at heart, and the secretary replied that they were to have their treat at the expense of the company."

The reference to two companies now under one board of directors is partly explained by a reference in the Wrexham Advertiser of 13th January 1866 - one year previous.

"On Saturday last, W. M. Williams, esq of the Patent Oil Works, Pontybodkin, gave his workmen a good substantial dinner and plenty of cwrw da, a custom he has carried out every year since he commenced oil making."

It might be inferred that some form of merger took place between the London, Leeswood and Erith Mineral Oil Co. Ltd., and William's Patent Mineral Charcoal and Oil Co. Ltd. during the course of 1866. Despite this consolidation, the London, Leeswood and Erith Mineral Oil Co. Ltd was wound-up in 1869.

Second edition OS maps (c.1898) show the Erith Brick, Tile and Terracotta works (operated by the Erith Brick Tile and Terracotta Co.) on a site slightly north of the presumed site of Pont-y-bodkin oil works. It is unclear what connection, if any, existed between the proprietors of the brick works and those of the oil works. There remains an "Erith Street" in the nearby village of Leeswood.

Directors

Subscribers

References

1.) It has been represented by William Charles Hussey Jones Esq., one of the promoters of the company, to other promoters, that he is entitled for a term of years to mines, minerals, coal, cannel coal, slack, fire-clay and brick-clay under part of certain farm called tryddyn, in the county of Flint, containing about 130 acres, with powers of working the same, by virtue of a lease granted by the Trustees of the Lord Dungannon, and dated 12th of August 1857, subject to the payment of rents and royalties, and to the performance of the covenants and conditions contained in the lease.

2.) It has also been represented by Mr. W.C.H. Jones to the other promoters that he and Mr. Henry Jones are entitled, for a term of years, to the mines of coal, cannel, and ironstone, under a piece of land containing about 6 acres, 2 roods and 30 perches, by the same more or less, situate in Leeswood in the county of Flint with powers of working the same by virtue of an underlease from Mr. Edward Oakeley and the Coed Talon Colliery Co. Ltd., dated 9th July 1861, subject to the payment of rent and royalties, and to the performance of the covenants and conditions contained in the underlease.

3.) It has been represented by Mr. William Charles Hussey Jones to the other promoters that he and Mr. Henry Witton Tyndall are entitled to certain annual sums, payable by Messieurs Fernie and Carter, by way of royalty, on the quantities of curly cannel coal, and smooth and bottom cannel, and shale delivered to the said Messrs Fernie and Carter, in pursuance of an agreement between them and Mr. Jones, dated 1st July 1861, the royalties being secured by two agreements dated 1st July 1861 and the 31st December 1862, the former being made between Mr Jones and Messrs Fernie and Carter, and the latter between Mr. Jones and Mr Tyndall and Messrs Fernie and Carter.

4.) A provisional agreement, dated the 29th day of September 1864, had been entered into by Messrs R.C. Price and T.W. Keates (two of the promoters), on behalf of the company with Messrs Jones and Tyndall for the purchase of the rights of the Messrs Jones under the lease and underlease of the mines and minerals above mentioned, and for the purchase from Mr. W.C.H. Jones and Mr. Tyndall of the above-mentioned royalties, and binding Mr. W.C.H. Jones to procure the lease of the mines and minerals under other lands near the land comprised in the underlease to be made to him upon certain terms, and then to assign the same to the company.

5.) The consideration agreed to be given by the company for the assignment to them of the royalty is £20,000, and for the other benefits derived by them under the provisional agreement £28,000. The £28,000 is to be taken by Mr W.C.H. Jones and Mr. H. Jones in shares of the company considered as fully paid up. The £20,000 is to be paid by the Company to Mr Jones and Mr Tyndall in the manner following; that is to say - £4,000 within two months after the sum of £2 has been paid to him y six half-yearly installments of £2,200 each, and one half yearly installment of £2,800, but without interest; but no payment is to be made unless the calls of £2 per share shale have been paid on 5,200 shares.

6.) Provisional agreement has also been made between Messrs W.C.H. Jones and H. Jones (two of the promoters), on behalf of the company, with Messrs Ralph Charles Price and Arthur James Prices, who are also two of the promoters. This agreement is dated 29th September 1864, and by it Messrs Price agree to lease the Company about 20 acres of land at Erith, in Kent, for a term of 63 years, at a rent of £750, with option to the company to purchase the reversion at any time within five years from the date of the lease, giving six months notice to the lessors at the price of £15,000

From the Articles of Association of the London, Leeswood & Erith Mineral Oil Co. Ltd, January 1864

 

The London, Leeswood, and Erith Mineral Oil Company Limited.

At an Extraordinary General Meeting of the Members of the Company, duly convened and holden at the Terminus Hotel, Cannon-street, in the city of London, on Thursday, the 20th day of May, 1869, and at accordingly the Company be wound up voluntarily under, the provisions in that behalf of The Companies Act 1862 in the city of London, on Thursday, the 20th day of May, 1869, and at a subsequent Extraordinary General Meeting also duly convened and holden in like manner at the registered offices of the Company, No. 85, Cheapside, in the said city of London, on Tuesday the 8th day of June 1869, the following resolutions were passed and confirmed:

  1. That it had been proved to the satisfaction of the Company, that the Company cannot, by reason of its liabilities, continue its business, and that it is advisable to wind up the same, and that accordingly the Company be wound up voluntarily, under, the provisions in that behalf of "The Companies Act 1862".
  2. That Mr. Robert Fraser North, of Bishopsgate-street, London, and Mr. Joseph Simpson, of No. 85, Cheapside, London, be appointed Liquidators, for the purpose of winding up the affairs of the Company and distributing the property thereof.
  3. That the remuneration of the Liquidators be by the payment of the sum of £15 to each of them for their trouble in and about the winding up of the Company, exclusive of travelling and other expenses.

T. W. Keates, Chairman

The London Gazette, 18th June 1869

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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