MINES. 29 



yards. Consequently, if the whole mass of the mountain 

 were pure iron ore, this surface, if it were sunk only to the 

 depth of one fathom, would yield a produce of iron 

 ore equal to about three hundred million skeppund, or 

 thirty-seven million English tons. 



According to Government returns in 1858, the ore in the 

 Norra Iron Mine yields 50 per cent., but that of Gellivare 

 67 per cent. 



I am the more induced to make a few remarks on this 

 subject, as it is in the contemplation of the Swedish merchants 

 who now own this mine, to form a company, in which they 

 wish the English to join, for working it ; the advertisement of 

 which I copy from the Stockholm "Affcon Bladez " of 

 March 8th, 1864, and which has also appeared in the English 

 papers. 



" The Gellivare Company, Limited, formed in 1862, capital 500,000 in 

 10,000 shares of 50 each. 



" The Estate covers an area of 1,200,000 acres, of which 500,000 consists 

 of pine forests, and 100,000 are adapted to agriculture. 



"1. The Iron Mine itself described according to Edman's survey in 

 1862. 



" 2. 215 settlers' residences for the workmen, 9 water and 1 steam saw 

 mill, 2 furnaces and 4 forges. 



" 3. The timber gives a great yearly result. The yearly produce is reckoned 

 at above 10,000 St. Petersburg!! standard or 33,000 loads, which if sold for 4 

 5s. per standard free on board, would yield a clear gain of 1 5s. per 

 standard. 



" The malm can be worked cheap, on account of the great produce of 

 charcoal, so that 25,000 tons of pig iron can be easily worked at a cost 

 of 1 19s. per ton free on board, of which the shipping price is about 4 

 per ton. 



" A line of railway is proposed from the Mountain to the Lulea Eiver, 

 about sixty English miles, and then by two short canals over two waterfalls, the 

 transport will be right down to Gaddoit Harbour in the Bothnia. The total 

 cost of this railway and canals would not exceed 232,000. 



" It is proposed that the company shall give 225,000 for the estate, and 

 with the cost of railway, will require a capital of 500,000. 



" The yearly produce is reckoned at the prices of foregoing years thus : 

 60,000 tons of Iron Ore to furnaces in Sweden and 



Finland at 6s. per ton 18,000 



To the working of 25,000 tons in the company's own 



furnaces, at a profit of 2 Is. per ton. . 57,250 



