Page 3 Advertisements Column 2

Inangahua Times, Volume II, Issue II, 12 May 1880, Page 3

PEOSPfeCTUS or fHB TNANGAHUA liw WVIL TUN* * NEItGOLDf MINING COMPANY, LIMITED, REEFTON. CAPITAL ,^J«. ,„ £I*,ooo In 84000 Sharja of 10s. Ba?b« To BB BBOIttBBBD jrKXMtBTKB PboTIMOKB or " Tkb MiMxa Cowakibs' Act*, iota." r Ca!U limited to STpwmi ftrM**s, Kith a depotit if Two Pence J>«r Start on Aaplicatio*. PROVISIONAL DIRECTORS. ROBBBT OIIBY I P4TBICK BBIKKAK .Tohk TSBinraaT Gboboi Wisb Wntuic Gabdvu Chablbs Fbi»b .Uum» Co»b*o&&t- I B. K. Gvuikb p. Q. Cambs I Mathbw Ptbhb Fbakx Ham»to»| JoexrK £iioovb . BANK OF NEw'zEALVND. JAMEBm^dH* t EfQ. SxCiBTABT: HENBY GEO? HANKIN. OBJECTS OF THB COMPANY. In submitting thh proposed undertaking for tbe approval ofl the general public, and more especially tne inhabitants of the district, whose Wawiets must necessarily be directly benefited bjflha impulse given to a further developmentlof the Widen wealth of the field, and as a I sequence the increased circulation of capitM locally, the projectors have every confident* fit He successful issue —which m the firstbleoe may be attributed m even large dogreji to the widely expressed opinions of a Tarietjf of experte— first among whom may be mentioned the name of Dr. Heotor, Government Mineralogist, Ac, who mj«, that "the construction oftuoh a tunnel etnnot fai\ to interefet numerou« golden and other valuable metallic lodes i the local mm* erologicei products lof tbe neighbourhood ulhr justifying the ssumption of their ex♦eooe m wdf-defln d strato at a depth onaiaable by the prow led eeheme." Secondly! ly theimmeaeurab r superior advantages of trofitably working tany linos o* reef now ia beyanee by icason »f the exceptionally high atea attending the production ot otherwise layabb) stone by con Mnies of limited capital g birdlj— froea the jaet of the Oovernment MOgni»iof •*•* tbl ineUtKM aad meonia MmuMon oftWf *«ii»eeri tf tbeiinpofUnoe nd value of the wo a, as a asesne to a great wblic good, by guai mtesiag a tubsidy of £ nt of capital sut eribed by the publicmm that may be gi icrelly accepted as stiong Kemenw m supper of the som fde*, W ■ffddtid ultimate m eeess ot tbe vsnture, m ■dditkm to which i further sod liberal cone ■sssion has been mad ingranting the company Eght to fIOO fcetm d|dth on either, side of the ■ntire length of the pVopoeed tunnel outside of ■sated interests, anf as nine dietlnet and ■epatate lines of jekUbeering reef twverss ■be oompany's daisa bt a right angle, or these* ■beuta, apart from} any others not visible, ■rhich by leseonabWmfetenea may be met ■nth, M may be i rly ehasacteriaed as a Kifhly promWng spa übtkm. A slill further KoVition to the autssi «ted pvoftto is npressh« id by m tariff on laulage for other com* Mkniee, estimated a* mjt 10 par cent over rorking expenses. There is a dUtane of three-quarters of a nite of unoccupied and from the starting Mint, through whfa several of the known nee of reef traverse - % ; !T>ejeje«pynfop< •to drive atnael from be right toibe Wl sod brsietf^Tthe In* iOMhoariw, aihr agh dietanes of come irmde-balfsstlsa: and thereby intevsectngaperbct networi of gold*beanng reeft| rSumber of wbiebbi re bean partially worked m the surwos only, but with payable re> mha, whieb; on th« nUtuioa of the pros sosed tunnel would c at ones turned to ■profitable account, a > many of them would lbs tapped at depths ranging from 1500 feet {downwards from tm outcrops, ensuring an I unlimited supply of gold-bearing stone, which I! by a thus reduced cok of production cannot, yn tbe opinion of the projectors, ail to Peeve a very handsonla margin of profit, f Tbe Croiden Flesei Extended Chid Mm I ing Company, whose lease is on the proposed line, er* at present bain* stone from the low level, TOO feet blow the outcrop, giving J tbe handsome return] of two ounces to the 1 ton, which is tbe besi yet obtained from tbe ■nine, and may be adbepted as indicative ot M-aoeureoy of a I cry prevalent opinkm richness .et our quarts lodes m■^■^■L jrith their dew*" oflUls will be One Penny per moaw*Uius aibeding an ©pby she tmitatiou of liabiliQr to ttaitpar battery is erected eontigutus to the tunnel's ■Mnh, available foal crushing any stone 'obtained* I 1 As a mining fpeeuliUon, it pre/ents direct I and . prospective advantages seldom met with m kindred ventures, as illustrated by tbe combination referred v, and still further by recent aUtutioe fumilhed to the New Sea* land Oovernment. shMng that 106,1680 at. of gold, tbe yield of 1«,868 toris, repreaenttug an average ot If 4wtt. 19grs., or nearly M dwts. per ton have] been obtained by the various company** tb* bare been, and aw at work on the lines of r rf proposed to be intenectod. Taking th money value per ton £3 18f Bd, a olear pro! kof £1 0s. pen ton can be arcurei, allowing th cost of f reduction to be divided tbue-crus ing by waer power, Ss. per tout cost of : sismg stone, 10s 6d. per ton ; wow, tear, m oagement, and contingencies, Us 64. ToU £1 7e Bd, leaving a naJasce of £1 6e to bsUivided as profit. In concliisjoß, the Projectors with every confidence assart that i more genuine mining venture, and one poafcssing the same elements |c achieve suecels has seldom^ if ever, been put on the market. PBOBPEOTVBAirD FORMS. OF . APPLICATIONS FOB SEARBS ■ TO BB OBTAINED FROM THE yypEßsiGNfy. , CHAKLEB hT EBWARDB, STOB.BKAE PBR BUok'a Foinl. GOODS PACKED 10 ALL PARTS OF TBE PIRICT,