Page 3 Advertisements Column 4

Cromwell Argus, Volume III, Issue 122, 12 March 1872, Page 3

Prospactus PROSPECTUS CARRICK RANGE WATER SUPPLY COMPANY, REdISTERED. IX SHAPES OF £1 EACH. .Tajiks Hazuett, Esq., J.P. James P. Taylor, Esq., J.P. James Stuart, Esq. G. W. Goodger, Esq. James Marshall, Esq. treasurer : James P. Taylor, Esq., J.P. solicitor : A. W. Allanby, Esq. leoal manager : Mr H. W. Smytiiies. bankers: Bank of Xe\v South "Wales. H. \V. Smythies, Esq.

HIE Company is formed for the purpose of supplying to the large Mining District of Carrick Range and Banjtockburn a quantity of Water sufiicient to, in some measure, enable the well-known auriferous resources of that district to be developed. By the proposed scheme, the necessity for further Steam machinery for Quartz-crushing purposes will bo dispensed with ; and by the substitution of Water-power, a saving of 50 per cent will be effected, besides stimulating the erection of additional Quartz-crushing Mills. By a judicious distribution of the supply, the Water can bo made available many times, as the altitude at which it will be delivered on the Range (being within two hundred feet of the summit) will enable the Company to dispose of its use at various levels until its final debouch iuto the Kawarau River. The proposed Race will command at least thirty square miles of well-proved, highly auriferous ground on the Carrick Range, which nothing but the absence of water has hitherto prevented from being profitably worked. Mr Haughtox, in his Report on the Water Schemes to be initiated by Government aid, referred in highly eulogistic terms to the desirability of this scheme, and to its undoubted success. There are at present three Steam Quartz-crushing Machines on the Range, and these are stopped frequently through want of water, and are subject to a heavy outlay for procuring coal. These difficulties will be effectually overcome by the successful carrying out of the proposed scheme. The undoubted payable character of the undertaking has induced many private parties to propose a similar scheme, but the cost has invariably prevented its furtherance ; and it has been acknowledged that, to ensure a successful issue, the undertaking should be placed in the position of a substantial Company. The line of Race has been marked out, and the necessary levels have been taken, by our Surveyor (Mr Smytiiies), with the view of ascertaining the practicability of the scheme ; and it has been estimated by him that about £7OOO will be required to construct the Main Race, of which a portion will have to be dinned. The Company, recognising the necessity of having a capital to command any contingencies, and with a view of compensating the Promoters, nineteen in number, (some of whom have relinj finished large private rights in favour of the Company,) have made the Capital £12,001) ; and j the Promoters have agreed to accept £IOSO in | paid-up shares, as compensation for their rights and expenses in the matter, —thus leaving '£10,050 available for the prosecution of the I works. The Company propose bringing in Sixteen I Heads of Water, and the disposal of that quantity at current rates will secure to the Company large and permanent dividends. It is also intended to obtain such Subsidy from the Government as may be granted, should the terms be suitable. So soon as a sufficient number of Shares have been applied for to insure the existence of the Company, a general meeting of Shareholders will be called for the election of permanent oilrccrs, I and to take steps to register the Company. It has been settled by the Promoters that 1 - 'per share be paid on application ; that 2,6 be paid on allotment; and that no calls be made at I less intervals than one calendar month, and shall ; not exceed 2/C each call. FORM OF APPLICATION FOR SHARKS 7o the Secretory of flic Carrick Range Water Supply Company, Registered, Cromwell Sir,—! hereby make application for Shares in your Company, or any less number that '.nay be allotted to riv:: and I enclose being deposit of one. shilling per share on the ctboit number, subject to the terms recited in the Prospectus.