Page 3 Advertisements Column 2

Inangahua Times, Volume II, Issue II, 26 May 1880, Page 3

PROS P E O T U S C# THE " " ■■■ — '•- TNAFGAH^A 'yS^^Vip, Tp t M-" -L nel gold j ra#i;s»G coxii PANY, LIMITED REEFrONV CAPITAL .., 1 ':■'. >,v. '-- : &2!ftiQ In 24000 Shares c f 103. Ea3h, '' ' Tq.bb Eesistbhbd tjijii PitcvraoNs OF." THB MINING COMFANIES* Acfi. 1872." : '•'■■.■■.'":■./ :;■•' , ; . ■•■ Calls limited to Oim "Penny per Menth; with a d&posit of Tip Penwpeit.jShqre PROVISIONAL BiMECTdM* ROBEBT OXLBY Pi TBICK BfiENNAK " -lohn Teen we by Gf: mm '!$%*&.% •- :■ r WIILIAH GaBDNEB C] ABimsrFftiftßJß : James Connolly R. K. GtttLiNE : ;.. P. Q. Caples Mathew Pyenb Fbank Hamilton Joseph KiLdoua BAKEBI4 i l '' > ■ BANK OF NEW ZEALAND. SoLieiroE : JAMES LYNCH, E^q. HENRY GEoThaNKIN. ' ' OBJECTS OF THE COMPANY. In submitting the prpposed'undprtakftig for the approval of the pen e,r.il, public, and more especially the '"inhabitants ''-of ftie district, whose interests ihust necessarily be directly benefited by the (impulse given to a further development of tlib bidden wealthy the field, and as a sequince the increased circulation of capital lodllty, the projectors have every con fi define in \t» .successful Hsue —which in the fifst place Jmay be attributed in a *erj large degree to tHe widely expressed opinions of a variety of eiperts— first among, whom may be mentioned! the namo of Dr. Hector, Government 'Miniologist, &c. who Bays, that" the'constru' > tioti of such a tunnel c-mnot fail to intersect numerou* golden'and other valuable metallic lodls j the local min* erological products of tub neighbourhood 1 fully justifying the assumption o£ .their) exstence in well-defined strata at a depth ob-^ tainuble by the proposed Bcblme." Secondly.; By the immeasurably supeior advantages of profitably working many liles of reef now in abeyance by reason of the «ceptionallv:high rates attending the production of otherwise payable stone by companies cJLliwfced capital 1 thirdly— torn the lact of fee Govpm«»wt recognising "at tha iugtaace and- reconv mendation of their Engineers!" the importance and value of the work, as a* teaans to a great public good, by guaranteeing! a subsidy oC £ for £ of capital ..subscribed,, by the gublic— facts that may be generally afcoepted as stiong elements in suppo«t,of .the \lpna file** and decided ultimate mcoessioa the , venture,' in addition to which a furthVrhud cession has been made in grant ng the company right to 600 feet in'Width" ojjs ther side ot the 1 entire lengtuof th? prpposed ' unnel outside pf vested interests, and as -ni te .di^jtiTjcJt.an^ separate lines -of ,'goJ,d«bearii ; rop,f tr^yeJie the eon>p.au#i claim at a righi angle, or there; abouts, apart from' any ot era not visible, which by reasonable jpferenci may bo mej with, it may ? beitjfjyrly^h^iMiterized^as^^ highly promising speculation. J A still further; addition to the anticipated- prdfits. is Vepresen^ ted by a tariff on haulage lor other com* panies, .estimated ftt, s ' WA^PJP^'^^t'J o'^?0 '^? working expends.}, •■-,.• 'I;, ->*„ *'.•* --, There s isia dutanee-'O^threpqutrterslof'ai mild oi unoccupied land froia the starring ' points tbtough*. which jererallbf th^ known 'lines of reef traveuiwcvi'j, ,i;'>L.«, v . Thfl oompanj propose to drivi a tunnel from ttfe fight to the left''.ftan& "Wjhlbh of '*he --In--ahgahus river, a 1 thV*dugh ; dHttince ' of * #o"me two and a-half miles, and^hewby intersecting a perfect network of p^'bearing reefe j a number of which have been pirtially worked on the surface only, but witn payable resuits, which, on this extension of the pro* posed Jnnnel £ would be it onj'e-'fu'rhed''t e tf profitable acco'u'nt.'Bs fnamy or them'- would be tapped at depths ranging from' lsoo> feet downwards from 'tbtf'dutcrdpsj ensuringt afa unlimited supply "of gold bearing stone,' 'which by a thus reduned cost of pro'dnctidh'canriof) in the opinion of- the projectors, fail to I leave a very handsome margin qf profit; • > The Gfolden Fleece Extended Gold Mining Company,- whose lease is onfthe proposed J line, are at present, raising' etone" from' 'the J loff level, 700 feet below the oitcrop, giving the handsome 1 return of two <ninc u s to the ton, which is the best yet obtained from the y^ae, and may be accepted as indicative of of a "very ' prevalnt' bpinion richness of our quark lodes intheir depth." I of Calls will bl One Penny per month, thus afforting an opclasses of partfcipating in by the limilation or liability to . ' I_,? r j, stamper batterv is erected contiguous to tie tunnel's 1 mouth, availably lor crushing I any stone obtained. ' 'I t , {x As a mining speculation, it prelents (Jiteqt and prospective advantages sAdoin. met with in kindred ventures, aB illustmted. by the combination referred to, and stilu further by recent statistics furnished to th* New Z&>» land Government, showing that U.08,1880z3. of gold, the yield of 156,8^2 tons, representing an average of 13 dwts 19 grs , or nearly 14 dwts. per ton have been obta ied by the various company'^ that have been and are.at work on the hnes of reef proposec to be in** teraected. Taking the money va ue per too £2 12s Bd, a clear profit of £% ss. ter^tpn./Ban be secured, allowing the! coot of iduotaopjifl be divided thuf'-crushlng ,by wa, t er ppw^rj ss. per ton ; cost of raising ato&e, £Qs 6cJ per ton ; wear, tear, management, and contingencies, 12s 6d. Total, «1, 7« 84 Jl| aring « balance of £1 53 to be divided as (profit. < „ In conclusion, the projectors with everj confidence assert that a more gen me mining venture, and one possessing the same elements to achieve success has seld >m, ifever been put on the market. PBOBPECTUS AND FO. IMS OI APPLICATIONS FOB W4fts& 10 BE OBTAINED FR *)M 'T&2 undersigned: HENRY GEa HAI EB&N; Secretary. - , '• OHAKLES H, EVy» AU J JL>^ stoe'ekee'pi r . "Black's Point." ' *• h - GOODS PACKED TD A-LL "V THE DIHICT 9