Page 3 Advertisements Column 2

Inangahua Times, Volume II, 14 May 1880, Page 3

! PROSPECTUS CV THB TNAFGAHUA LCJW LEVEL TUN--L NEL GOLD MIffUNG COMPANY, LIMITED, EEEFTON. CAPITAL .„ ... ... 1112,000 In 24000 Shares of 10s. Eaih. To BE BeSISTEBEI) VI DEB THB VsOYtBIONS ' ! of " The Mining Compasibs'? Acts, 1872." I Calls limited to Oni Penny per Month, with a deposit of 7hw> Pence per Share on Application. PBOVISIOtfIkDiIIECZORS. BOBEET OXIEY PATRICK BItiiNNAN John Teennery Eteobge Wisa Wiimam GabpnebJChables Fbiseb James Connoilt K. E. Gullinb . P. Q Capies JMathew Bybne Fbank Hamilton JJoseph Kilgouk Bankebs t BANK OF NEW ZEALVND. SontciToit : JAMES LYNCH, Esq. Pecbetaby : HENEY Gjfe. HANKIN. OBJECTS OF pE COMPANY. In submitting thi proposed undertaking for the approval of the general public, and more th i inhabitants of the i district , whose interests must neceasaHly be, directly benefited by the impulse given to a , further development >f the hidden wealth of j the field, and as a sequence the increased circulation of capiti t locally',' the projectors" have every confiden c in it 3 successful issue —which in the first slace may be attributed' in a verj large degrfc to the widely expressed opinions of a variety of experts—first among whom may be men ioned the name of Dr. Hector, Government Minerologist, &a.< who -says, that<' the const mtion of such a tunnel | cxnnot fail to. intersc :t numerous golden and other valuable m«tal! c lodes ; the local mm» erological products of the neighbourhood fully justifying the « asumption of their exstetice in well-definad strata at a depth obtainable by the proposed scheme." Secondly : By the immeasurahlj superior advantages of profitably working many line 3o' reef now in abeyance by leaeou a the exceptionally high i rates attending the iroduotion of otherwise payable stone by' companies of limited capital, j thirdly:— -irona the fist of the Government recognising "at the I instance and recom* mendation of their Ewineerß " the importance, and valua of the worlf as a means to a great public good, by guaranteeing a subsidy of £ for £ of capital subsiibed by the publics — facts that may be genially accepted as stiong elements in support* the lona fides, and decided ultimate sucfceßS ot the venture, in addition to which a further and liberal con«, cession has been made m granting tbe company rigbt to 600 feet in width on either side of. the entire length of the proposed tunnel outside of vested interests, dnd.Tas. , nine distinct &»d separate lines of 'goldlbearing reef traverse 1 the company's claim at ft right angle, or thereabouts, apart froni apy- others not visible t which by, reasonable inference may bo met with, it may be fair.lt characterized as. a highly promising speculation. A still further addition to the anticipafcd profits is- represented by. a, tariff on hatlage for other com* panics, estimated' at, eiy, 10 per cent over, woiking expenses. . . . , | . There iea- distance r df lthree^quartera/of. s mile' of uaocdupied' fana from the starting point, through .which eereral of the known lines of reef traverse. I The company propose ip drive a tunnel from ,the right to the left hand 5 branch of the In"angaUua river, a througli distance of pome two and a-half miles, anl thereby intersecting a perfect network of bold-bearing reefs ; a number of which have bton partially worked on the surface on\y, but! with payable ret suits, which, ,on tho extension of tbe pro» Vposed tunnel would be a|;'once turned to profitable account, as maty' of them would be tapped at depths ranging from 1500 feet downwards from- the outcrops, ensuring an unlimited supply of gold blaring stone, which - by a thus reduced cost' of |rod action cannot, in the opinion of the projectors, fail to leave a very handsome margin of profit* The Golden Fleece ExtAded Gold Mining Company, whose lease il on the proposed line, are at present raising! 'stone from the low 1eve1, ,700 feet below thl outcrop, giving tbe handsome return* of trap ounces to tbe mmn, which is the best yet obtained from the may be' accepted las indicative' of of a very prevalent opinion richness of our qiartz lodes iritheir depth." I H^^^Hrimum of Calls will be One Penny month, thus affording an opclasses of pkrticipafing in the. limitatioul of liability to stamper battery is erected contiguous to . I the tunnel ; s for crushing any stone HPnneci. I r^As ft n)i»ing speculation, it pre entß.vdirect and prospective advantages- jeeldom mat with in kindred ventures, as illustrated" by the combination referred to, and still further by recent statistics furnished to tie New Zaa* land Government, showing than.lQß ) lsßpzs. of gold, tbe yield of 156.8Q2 toni representing an average of 13 dwta 19 git., ot nearlyfldwfcs. per ton have been ,£>btlinod by> tbe various company's that have bee», and are at work "on the lines of reef proposep to be intersected. 'Taking the money vllue per ton, £% 12a Bd, a clear profit of £1 59,|per ton can be secured, allowing thejsosfc of production to be divided thus—crushing by wb er power, §s. per ton ; cost of raising stcbe, 10s (3d, per ton ; wear, tear, managementjaad contin- i genoies, 12s 6d. Total, £1 7s BJ, leaving a balance of £1 5s to be divided aalprofit. In conclusion, the projectors pith every confidence assert that a more genline mining venture, and one possessing thej same elements to achieve success has seldom, if ever, beea put on the market. I PROSPECTUS AMD FOVMS OF APPLICATIONS FOR i HARES TO BE OBTAINED FR( )M THE UNDERSIGNED. height geol ma kin, Secretary. OHAKLES H. EDW IKI>S, STOEE KEEPER Black's Poiafc. GOODS PACKED TO ALL' PARTS-) ! . !