Page 3 Advertisements Column 2

Inangahua Times, Volume II, Issue II, 3 May 1880, Page 3

PROSPECTUS /^ O-F TBIE ' INAMGAHUA LOW LEVEL TUNNEL n GOLD Mkt#G»>COM. PANY, LIMITS] ), REEFTOk s . cAPiTAi.; ; ',te7X^!*A MMM In 24000 Sharls! 6f,!03. Bs^b^« TO BE ReQISTEBED triDEBTSEPBOyi||ONS of v The MiNifG^CoMPA^is^AiDii, IS^." Li -.'/; 4 .i«. Calls limited to Chf" Penny per Mo ntA, mth a deposit of. Wo Pence pe* Share f .\ ,on Application >»j * , xpßormomEmffictidM K ROBEBTOXLEY " fFATIIfCKBBENNAN ■ .To»N-£bBNNBBT- |-.GEQBg.E.'Wf6|!/t -•■* , WIIMAM GabdnersChabxes Fb*seb| ; James Qmxsoua I R.!ifi.,Gruw.yiE *. - \ P. Q. Capibs I Mathew Ptbnb i ' Fbank HAMtiLTOSI JwfifH KiL'Sotra - -- -. •- '■.* -.' Bj ItiEEbs *i - *-, -vi ; * x. BANK. OF.] rEW.;ZEAI/ANDtI i ' 8)MCItob: m " : JAMES LYNCH, Esq.- . - , „ , * :- \ HENBY j mrg^mti; 4 , OBJECTS OI THE COMPANY, j l ' In submitting- be proposed undertaking .for )he. approval, if tbe,geaoeral publio, and more* especially " ihe * iuhabitanfs of Ihe distriot, whose int rests must necessarily^be directly benefited f^hV impulse |§v»n . tp a "further devebpmei t*- of the hidden wealth of the field, add "as ' i sequence the? intf^etfsed (Jirbulation of eat tal.locaHy 5 , the proje«tors have every, eoifflo uee 'in \%\ success'fdl iisue 1 -iwbioh in tbe fir t place\m,ay be-a|fribu|bd in a verj large, deg cc to the widely elpfreVsed opinion^ o,f a vari« ty of experts— first-amqng whom' may be m ntioned the name of'^ri Hecto>, 'Goverhme it aiitieVoldgist, '•s£-, wbp; say's, that v the con truitie# U sttbh*S faffld , c mnot fai\ to intei wet numerous golden and f other valuable meti Uie 'lodes j the local mirn^ erological product of the neighbourhood fully justifying the assumption of iheir- existence in well- defiled strata at a depth .obtainable by the proj »ed scheme." Secondly : I Tix tbe immeasural ly Superior advantages of ' profitably working many UneS o* reef now in , abeyance by leasot Of the exceptionally high . rates attending th production of otherwise • payable stone by cbi ipanies of lihiitecl capital jthirdly— r rom the faet'of-the - OoferaAent) recognising" "at' tie- instance and- reebmn mendation of their] ngineers " the importance 1 and value of the Wo -k, as a means to 'i, great i public good, by gutfAhteeing ' a Sub-sid^df £ for'£»of capital subscribed by the publicfacts that may be generally accepted as stiong elements in supporl of the eona-./E'ier,* and decided ultimate* >ci boess ot the* ventnre, in addition to which t further and liberal cons cession has' been nfadi in granting the company rigbt'to 600 feet'in w idth on either side'of the eiltire'lengtn of the p rbposed tunnel outside of vested interests, am -at" nine distinot and separate lines' "of gc d»bearing< reef traverse the company's claim ,t aright angle, or thereabouts, apart '■ from any others not visible, which by reasonable inference- may be met with, it may be fa rl/ characterised S9 v a highly promising spec ulation. A still further addition to the autiei] ated profits is represented- by a tariff on 1 aulage for other *com« paniesj estimated atj say, 10- per cent * over working expenses. - * '■- " *' 4 • There ■is a distancl of three-quarters of a mile of uuocoupied Imd fro.m th'p starling point,' through which several of the known lines of reef fraverse;! - ' * * ' Thfi,comparty propose to drive a tunneljroip the rignt to the/deft hind- brapch of theAuv angahuariver^ •» throlgh -distance of sonje two and a-half miles, tend thereby .intersecting a perfect network fif ,goldj,be%ring reefs i a number 'of yhich,h'a*,been partially worked 'on'the surface owly, .tut w.tth. pay able results,* which, .on, tha"JexJtens\pu 'of '(h^pras "posed tunnel ifQuld" M v at r J^cj ifiyruecLAto • profitable account, astrnany of th-^m A w^uld . y be tapped at .depths , ywgyig ftpni tspd Jeet dow-qwards from the |nteropa, iCnsiir^g'^ an ', unlimited supply of got bearing stb.nei which I by a thus reduced cost lot production cannot, in tbe opinion of tbjp projectors, fail 'to I leave a very handsome nargin of profit, t The Golden Fleece -i extended .Gold fining Company, whose lei se is pn,,the propos.ed line, 'are afc presedt ra ring *; stone from, the I rei, .700 feet >belo r tha outcrop, giving, ndsome return cjf two^qunces tojthe jioh isthe best; y|to})(;rfA«i frorj\ithe md may be apceflte-d. as .indicative of curacy, Qf* a'" verj\preyalent gpinioji' the" richness' of. o|r ■ quart* lodes M-\ with tbeir depth.! maximum of- Calb will be One Penny ire per ' month j this affording an op-; |ty^ to all, -classes lof ( participatin^ mi iture by the .UaHitiou .of liability to. ngni,. V ,* ;., t\\ ««irV-*»- »y : , , fteeri-<neaft atamperj: battery is erected; iately .contiguous- to 1 the ' tunnel's^ moutn, available -lor' or ishing. aay stooe; 1 obtainedY,' - , - -; * s . " ; - <" '• ' :: Asa mining speculation it 1 pre-ents direct and prospective adya'nti ges seldom met with in kindred ventures.- fl > illustrated by the; ' oombination referred, to, ai d .still further by » reoent statistics furnished 't^. the New Zea. , land'GOf-e-rhm'enliiabowJffi; $Sfr 103,1880*9. „, of gold, the yield of 1663-J 2. tons, "represent- , ing an' average of 13'dwte 19 grs|, or nearly 14 dwts. per ton have* bei ir obtained by the, varipus company's tbat ni ve*beeh, and are at' * work on tbe lines of reef j toposed' to be in-,' " tersected. Taking them mey value 'fer toh* £2rl2i Bd, a clear profit pi £1 ss. per ton' Can* be sv^ureiinallowinj* jtop oc it of ■"prodhofiion to • be divided! thus— -crushing ? by-we^er power, ss. per ton ; cost oft rais ng stone,' 10s 6d, per lon y weai*-tearj«m"ana| ;enient?and oontin-: .' gemries, 12s 6d. -Total,' £ L 7» Sd, leaving a' balanoe of, £1 5s to be dh ided as profit. * ' In conclusion, the ■ pro; ictors ■ with every i 1 confidence assert that a m >re genuine mining venture, and one possess ng the same elem ents to achieve success ia? seldom, if ever, been put on the market. •• PROSPECTUS AND FORMS OF f APPLICATIONS FOR SHARES 1 TO BE OBTAINE D FROM • TEE I F UNDERSIGNEDS " HENRY GEa HANKIN, " Secretary. j Q OHAKLES B. BD W4EDS, fc STOREkEE PER 3 g Black'a Toint.. D — j GOODS PACKED TO ALL PARTS OE THE DIRICt,