Page 3 Advertisements Column 2

Inangahua Times, Volume II, 17 May 1880, Page 3

PROSPECTUS OY Tfcß INAFGAHUA LOW LEVEL TUNNEL GOLD MliSlfcG COMPANY, LIMITED, BEEFIW. CAPITAL ... .. .„ £12,000 In 24000 Shares < f 10s. Eash. To bx Bbgistrbsd tjui !b thb Pbovkion* op " Thb Mining Companies' Acts, 1872." Call* limited to OtujPenny per Month, with a deposit of Two Venceper SKmn *» AppH&fan. PROVISIOITALpiRJSCTORS. ROBVBT OxtßT PItHICK BbBKKAK John TBawßar G :obgb Wkb WltllA* GABDNBB C [ASMS FBABBB Jahbs Couwoilt R. E. Guttwa P. Q. Caplbs M ithbw Ptbnb 1 Fbank Hamilton J< beph Eilgoub Banks :s : BANK OF NE^ ZEALAND. Souc roB : I .JAMES LVI CH, Esq. Secbbt by: HENRY GEU HANKIN, OBJECTS Of""tJ E COMPANY. In submitting the roposed undertaking for the approval of th general public, and more especially the inhabitants of the district, whose interest! must necessarily be directly ben«Qtod by tl » impulie given to a further development of he hidden wealth of the field, and as a se uence the increased circulation of capital ocally, the prcjeetors have every confidence fn its successful issue —which in the first plsfae may be attributed in a verj large degree tl the widely expressed opinions of a variety 0 experts—first among whom may be mentio ed the name of Dr. Hector, Government 1 jnerolqgist, &c, who says, that" the constru ion of such a tunnel o*nnot fai\ to intersect numerous golden and other valuable metallic lodes } the local minerological products 0 the neighbourhood fully justifying the ass imption of <b>ir ex•tenM in well-defined strata at a depth obtainable fey the propose! scheme." Secondly: By the immeasurably uperior advantage! of profitably working ma y lines of reef now in abeyance by teason of, he exceptional^ high rates attending the pr iduotion of otherwise payable stone by conopa ies of limited capital ; thirdly— from the fac of the Government recogniting "at the utance and recommendation of their Eng leers " the importance and value of the work, * a means to a great public good, by guaranl ieiag a subsidy of £ for £ of capital subscribed by the publicfacts that may, be generally accepted asstiong elements in support of the bom JUtt, and decided ultimate suoolss ot the venture, in addition to which a fifther and liberal con. cession has been made idgranting the company .right to 600 feet in widJh on either side of the entire length of the proiosed tunnel outside of vested interests, and. fcs nine distinct and separate lines of goldjbearing reef traverse the company's claim at \ right angle, or there* abonts, apart from 1 ly others not visible, which by reasonable it Terence may be met with, it may be fair r characterized as a highly promising speou ation. A still further addition to the anttoipa >ed profits is represented by a tariff on hi ilage for other com* panics, estimated at, 1 ay, 10 per cent over working expenses. J There is* a distance jof three-quarters of a mile of unoccupied lslid from the starting point, through which [several of the known lines of reef traverse. I The company proposj to drive a tunnel from the right to the left haVid branch of the In' angahua river, a throi jh distance of some two and a-balf. miles, md thereby intersecting a perfect network f gold-beariog reefs | a number of which hay > been partially worked on the surface only, ut with payable results, whiob, on tho extension of the pro* posed tunnel would b at once turned to profitable account, as many of them would be tapped at depths 1 ipffog from 1605 feet downwards from the mtorops, ensuring an unlimited supply of g< d-bearing ston*, whioh by a thus reduced 009 of production cannot, lin the opinion of tle projectors, fail to I leave a very handsom margin of profit. I The Golden Fleece Extended Gold Mining Companjr, whose 1 Sse is on the proposed I line, are at present nising stone from the J low level, f OO feet be >w the outcrop, giving I the beodsome return of two ounces to the Mton, which is the best yet obtained from the Hue, and may be ac epted as indicative of of a n (ry prevalent opinion richness of our. quartz lodes intheir depfc." of Oalls will be One Penny per month J thus affording an opto all olafsps of participating in by the lilnitatioo of liability to teen-head stanroer battery is erected contiguous to the tunnel's Hffuth, available for I crushing any stone Obtained. . I As a mining fpeculaloo, it pre-ents direct and profpeetive advantages seldom met with in kindred Venturis, as illustrated by. the combination referred ta and still further by recent statistics furnisied to the Hew Zei* land Government, shown? that 108,188oz*. Of gold, the yield of 15*862 tons, representing an average of 13 dirts. 19 grs., or nearly 14 dwts. per ton have leen obtained by the various company's that pave been, and ire at work on the lines of reel proposed to be intersected. Taking the Money value per ton £Z 12s Bd, a iiear profit If £1 ss. per tola can be secured, allowing the lost of production to bffdivided thus— crushint by wa er *owjer, ss. per ton j cost of rasVjng stone, 10s 6d. per ton ; wear, tear, management, and contingencies, 13s 6d. Total, fl 7s Bd, leaving a balance of £1 Ss to be dilided as profit. In xjondusion, the projectors with every confidence assert that a mire genuine mining venture, and one possessing the same elements to achieve success ftas seldom, if ever, been put on the market. I PROSPECTUS ANB FORMS OF APPLICATION sTfrOR SHARES TO BE OBTAINED FROM TEE UNDERSIGNED.! HENRY GEa HANKIN, Secretary. OHAKLES H M)WARDS, ' STOB.BKBBiPBB Black's PoiU GOODS PACKED TO J^LL PARTS * 0? THE BIRICT,