<<< BACK to previous page

Wales - Coal Oil

Flint & area

    Oil Works & Refineries
    Oil Companies

South Wales

 

 

A Recognised Collection of National Importance

Home > Beyond Scotland > Wales and vicinity > Meadow Vale & Saltney Paraffin Oil Refining Co. Ltd

Meadow Vale & Saltney Paraffin Oil Refining Co. Ltd

Constitution Limited company
Company number 1780C
Share capital £50,000
Date of Incorporation 1864
Date of Dissolution c.1880
Registered Office Manchester ?
Property Saltney (British Oil) refinery
Meadow Vale Oil Works

The Meadow Vale and Saltney Paraffin Oil Refining Co. Ltd was established late in 1864 to take acquire a refinery beside the river Dee at Saltney and a small crude oil works at Meadow Vale near Leeswood. In this respect it mimicked the example of the much larger Flintshire Oil & Cannel Co. Ltd, which was launched earlier in that year, and also combined a refinery at Saltney and an oil works at Leeswood.

The rather clumsily worded prospectus promised dividends of up to 35%. For whatever reason, The British Oil & Cannel Company Ltd was launched early in 1865, with the same objectives as the Meadow Vale and Saltney, sharing many of its directors and seeking the same amount of share capital. It may be assumed that the Meadow Vale and Saltney was never an active company, although continued in a dormant state until 1888.

 

Prospectus

MEADOW VALE AND SALTNEY PARAFFIN OIL REFINING COMPANY LIMITED. Registered under the Joint Stock Companies Act, by which the liability of shareholders is limited the amount they subscribe for. Capital. £50,000, in 5,000 shares of £10 each. First issue, £25,000, of 2,500 shares at £10 each. Deposit on application, £1 per share, £2 on allotment, and £2 in three months.

DIRECTORS.

BANKERS

SOLICITORS

BROKER

Secretary (pro term) - Mr. Hilton Kay. Temporary Offices-35, Corporation-st, Manchester.

PROSPECTUS

This company is incorporated with the object of securing and leasing a tract of land, under most favourable circumstances, for the raising of a valuable bed of curley cannel coal and for tho distillation and refining of oil there from.

The property consists of the the Saltney Oil Refinery Company's Works, situated on the banks of River Dee. Saltney. near Chester, with a siding from Great Western Railway Company, and also approached the London and North-Western Railway, which works are in full and complete order, with the necessary plant and machinery for refining 30 tons of crude oil per week. Also the Meadow Oil Works, situated near Leeswood which are at present producing six tons crude oil per week, by six retorts, with land of sufficient space to erect altogether 120 retorts, and which will produce 120 tons crude oil per week, at a cost one half that of the celebrated Pennsylvania oil. imported from America.

A valuable tract of land has been provisionally secured, which contains large quantity of the best cannel, and sufficient to supply the retorts twenty years, and a further tract of land adjoining can be secured on advantageous terms. The products of the distillation and refining this cannel, which is of superior class, which is found only In the neighbourhood of Leeswood and Mold, are as follows::—Mineral spirits turpentine substitute, burning or paraffin oil, colliery oils, greases of several kinds; also the solid paraffin, which, when refined, can made into transparent candles superior to, and exceeding in durability and brilliancy, any wax candle produced; all which products find a ready market when of good quality.

The expiration of Messrs. Young and Co.'s patent for the manufacture of paraffin oil, under which a princely fortune has been realised, enables this company now to carry on the business without let or hindrance.

It is proposed to make the capital of the company £50,000, in 5,000 shares £10 each, first issue 2,500 shares, on the principle of the Joint Stock Companies Act, by which the liability shareholders is limited the amount they each subscribe for; £1 per share to be paid on application, £2 on allotment, £2 in three months, and further call made unless three months' notice be given to each shareholder. The profits arising from the operations of this company may reasonably be put down at above 35 per cent per annum. The vendors have agreed to allow a large proportion of the purchase money to remain in paid-up shares. Further information (if required) may be obtained application to Mr. Hilton Kay, the temporary offices, 35, Corporation-street. Manchester

The Manchester Courier and Lancashire General Advertiser, 28th January 1865

 

References

The prospectus has been issued of the Meadow Vale and Saltney Paraffin Oil Refining Company. The capital is to be £50,000, in 5,000 shares of £10, of which the first issue is to be 2,500. The object of the company is to secure and lease land for valuable bed of curley cannel coal, and for distilling and refining oil therefrom The plant and work of the Saltney Oil Refinery Company and of the Meadow Oil Works, near Leeswood, will form property of the Company, and land containing large quantity of curley cannel, which is indispensable for the manufacture, has been secured. The directory comprise several well-known Manchester names.

Manchester Courier and Lancashire General Advertiser, 28th January 1865

 

NOTICE is hereby given, pursuant to the Companies Act, 1880, that at the expiration of three months from the date hereof the names of the undermentioned Companies will, unless cause is shown to the contrary, be struck off the Register, and the Companies will be dissolved: Meadow Vale and Saltney Paraffin Oil Refining Company Limited.

The London Gazette, 6th October 1882

 

 

 

 

 

 

 

 

 

creative commons

We are happy to licence use of many images, extracts, and other resources of this website under a Creative Commons attribution, non-commercial licence (Scotland). See full copyright statement. Such material should be attributed to Almond Valley Heritage Trust and, where practical, a hyperlink provided to www.scottishshale.co.uk.