CLEVELAND IRON AND STEEL 193 
present Directors. The present Chairman is the Hon. 
Roland Kitson, D.S.0., M.C,, son of the late Lord Aire- 
dale, who was long connected with the engineering industries 
of Leeds. The paid-up capital of the Company is now 
£5,024,960 Ordinary and £472,080 Preference Shares, and 
£1,000,000 Debentures. 
Great changes have taken place in the works of this 
Company. The original Clay Lane installation became a 
four-furnace plant, and is now almost abandoned. Cleve- 
land Works, built to use the Thomas Gilchrist process in 
Bessemer converters, have been radically reconstructed. 
The Middlesbrough furnace has been practically aban- 
doned. The two older furnaces at the steel works have 
been replaced by two higher ones, and are known as the 
Bessemer furnaces. At Southbank five new furnaces have 
replaced old ones. Two large ones with complete equip- 
ment have been added to the Cleveland Iron Works, and 
are known as the Grangetown furnaces. These make 
thirteen in all. The Company owns ten collieries, eight 
of them in the Bishop Auckland district, equipped with 
batteries of by-product coke ovens. It also owns iron 
mines in proximity to its blast furnaces. The steel pro- 
ducts of the firm are rails, ship plates, angles and sectional 
material of every kind for constructional purposes. The 
steel works are of great magnitude. They consist of 
fifteen open-hearth steel furnaces, and plate and rail mills. 
The Company has recently amalgamated with Redpath 
Brown & Co., makers of structural steel, with works in 
London, Manchester, Edinburgh, Glasgow and various 
places abroad, with a capital of £500,000 in Preference 
and Ordinary Shares. Bolckow Vaughan & Co. has also 
acquired the whole capital of the Darlington Rolling-Mills, 
makers of light rails and sections. Before the War the 
annual output of material of Bolckow Vaughan & Co.’s 
Ross and mines was about 2,750,000 tons of coal,