Page 2 Advertisements Column 4

Inangahua Times, Volume II, Issue II, 26 April 1880, Page 2

PROSPECTUS op t4e INAFGAHUA LOW LEVEL TUNNEL GOLD MINUS G COMPANY, LIMITED, BEEF TON". CAPITAL .., I ... £12,000 In 24000 Shares (tf 10s. Ei3h. TO BE BeGISTERED trNDIE THE pBOVrSIONS of ' The Mining Aompaxies' Acts,* 1872." I Calls limited to One P\enny per Month, with a deposit of Two jßenceper Share on Application. PROVISIONAL Robert Oseey Patrick Brendan 1 •Tohn Teennsst Geohge Wise William Gardner Chables Fbasbb James Connolly B. K.lGulltne P. Q. Caple^ Mathew Ptbve Fhask Hamilton Joseph Kilgodb Bankers h BANK OP NEW mAL\ND. Solicit. ißi: JAMES LYNCffI Esq. Secbetaht a HENEY GEO. HANKIN. OBJECTS OF THE COMPANY. In submitting tha proposed undertakirg J for the approval of the general public, and I more especially the inhabitants of tha district, whose intpres's must! necessarily be directly benefited by tbe impnlgp given to a further development of the hilden wealth of the field, and as a sequence j the increased circulation of capital loeal'y.jthe projectors havß every confidence in its successful issue — which in the first p'ac * mat be attributed in a verj large degree to tbe wi lely expressed opinions of a variety of experl s — first among whom may be mentioned the name of Dr. Hector, Government Minerolo ;ist, &c. who says, that •• the constra "tion of uch a tunnel cmnot f»n to intersect namer< u« golden and other valuable metallic lodes ; he local mm« erologtcal products of the eighbourhood fully justifying the aisumptioi of their exstence in well-defined strata s i a depth obtain ible by the proposed schem ." Secondly : By th? immeasurably superior advantages of profitably working many lines ><" reef now in abeyance by teason of the esce afionall? high rates attending the productioi of otherwise payable stone by companies of li nited capital j ; thirdly— r rom the fact of tin Government recognising "at the instance and reeom* mendation of their Engineers " he importance and value of the work, as a m ans to a great public good, by guaranteeing a subsidy of £ fop £ ot capital subscribed bj the public — facts that may be genet-ally ace pted as strong elements in support of the bt na fides, and decided ultimate success of t se venture, in addition to which a further ai d liberal con» cession has been made in granting the cotnpany right to 600 feet in width on eiiper side of the entire length of the proposed tunnel outside of vested interests, and as ninp distinct and separate lines of gold*bearing reef tr iverse the company's claim at a rightlngle, or thereabouts, apart from any otqers not visible, which by reasonable inferenca may be met with, it may be fairly chasacteriaed as a highly promising speculation.! A still further addition to the anticipated psrats is represented by a tariff on haulageffor other corn* panics, estimated at, say, a) per cent over working expenses. I There is a distance of tHree-quarfcere of a mile of unoccupied land from the starting point, through which several of the known lines of reef traverse. j Th« company propose to t rive a tunnel from the right to the left hand 1 iranch of the In* angahua river, a through listance of some two and a-half miles, and hereby intersect- ' ing a perfect network of g Id-bearing reefs j a number of which have bet 3 partially worked on the surface only, but rith payable results, which, on thft exte sion of the pros posed tunnel would be at J ones turned to profitable account, as manf of them would be tapped at depths ranging from 1500 feet downwards from the outcrops, ensuring an unlimited supply, of gold •belring stone, which by a thus reduced cost of woductkra cannot, in tbe opinion of the urojectors, fail to leave a very handsome margin of profit. The Golden Fleece Extended Gold Mining Company, whose lease iaon the proposed line, are at present raising 1 stone from the lo* level, 7(KL.feet below tbJ outcropi giving j the hands^Krehirn of tub ounces to the JflU^k^^^M^|tvet oWained from the las indicative of prevalent opinion Aartz lodes inwll be One Penny affording an op— participating in of liability to battery is erected to | tae. tunnel's any -stone it I presents direct seldom net as illustrated by the to, and is till further by res^restatistics furnished to | the New Zea» land Government., showing tlfct 108,188ozs. of gold, the yield of 156,882 to|&, represent- * ing an average of 13 dwts 19 irs., or nearly 14 dwts. per ton have been obtained by the various company's that have bin, and are at work on the lines of reef propoJpd to be intersected. Taking the money value per-toa £2 12* Bd, a clear profit of £1 ok per ton can be spenred, allowing the cost of production to be divided thus — crushing by wp'er power, 53. per ton ; cost of raising stope, 10s 6d, ! per ton ; wear, tear, management, and eontin— ! gencies, 12s 6d. Total, £1 7s 84 leaving a balance of £1 53 to be divided as [profit. - [ In conclusion, the projectors rith every/ confidence assert that a more gem me mining venture, and one possessing the same ele« ments to achieve success has seld >m, if ever} been put on the market. I PROSPECTUS AND FOI'MS OF APPLICATIONS FOR i 'HARES TO BE OBTAINED FRyM THE UNDERSIGNED. I HENRY GEO. HAMKIN, Secretary. | ( "•< CATTLE TRESPASS A(ir, 1868-" NOTICE IS HEREBY GIVEN that on after Saiuiday, 11th j May, 188 ), the Provisions lof «' The | Cattle Tresspass Act, 1368," rt'll be enforced on my land, known as M'lnerney's agricultural lease, Grey i|bad, and , bounded on the north by tbe main Grey Road, and on the south byTSoldier's Creek, and that it- is my inflation to CLAIM DAMAGES for ai| Cattle, Horses, Sheep, Pigs, or anY other animals TKESPASSING on Ifce said* land, whether the same be fenced or uunelosed. | ARTHUR BRSEN. KeefiQD, Bth April, 188 S.