Page 3 Advertisements Column 3

Inangahua Times, Volume II, Issue II, 23 June 1880, Page 3

PROSPECTUS CP THE TNAFGAIIUA LOW uKVKL TTJN--1 K*L GOLD JiISLNO CO>lPA>'y, LIAUTKIj, R!SKP!X)N. CAIITAL .„ I £^2-000 In 24000 Siwei pf 10j. fin^h. TO BI? T?EGISTEEEB -JnAeH TUB PR TI-'ION^ «.p " Teb Miuik<| CuarPASißi* A en, 1t.72." __! Calls limited! to C^Apenvy per Month, Kith a deposit of Ti»d Pence per bhare on Applwo-tion. PSOVISIONJM DIRECTORS. Robert O«ky Patbick Bhbnkaw JOHW TBBNSBBY ObCß©« Vil^ William Gabpwhb CtoABLBs Fr^ee Jambs Cojwolly lIU- Gullikh P. Q. OAPLK. MkTHKW i^BNB Fbabk Hamilton J*bwi Ku-goub Bankbb« : BANK OF JN'KW ZEALAND. SoMC(T<'E ! JAMES LY|CH,E>q. KENEY GEU. HAfIKIF. ! OETROTS OP~Tjp COMPANY. In submitiins the (proposed undertaking for the approval of tlfe general public, and more especially the] inbubnants of the district, whoso intoresfe must necessarily be direefcly benrfited by fie itnjiulso given to a furtbesr development of tho hidden woalth 01 the field, and as a iequeuee the inereaeed circulation of capital locally, the projectors have every confldenefe in its successful issue —which in the first dlace may bo attributed in a verj large degree! to the widely expressed opinions of a variety! of experts— first among whom may be mentioned tho name of Dr. Hector, Government! Minerologis^ &c. who Bayß| that I ' the constJmtion ofsuoh a tunnel cannot fai\ to intera*t nameroari golden and other valuable metUllio lodes ; the local mine erological products lof the neighbourhood fully justifying the assumption of their exsteuce in well-definfed straia at a depth obtainable by the propqeed scheme." Secondly : By the immeasurably superior . advantages of profitably ■working many line 3of reef now in abeyance by leasonjof tha exceptionally high rates, attending tha production of otherwise payable stons by companies of limited capital j thirdly— from the jfact of the Government recogni&ing "at tHa instance and roaom* mendation of their ffiagjaeera " the importance and value of the wdrk, as a means to a great public good, by qua an teeing a subsidy of £ for JB of capital su scribed by the public— fttots that may be g nerally accepted aastiong elements in euppo t of the bom fides, and decided ultimate 1 ucoess oi tha venture, in addition to which % further and liberal cons cession has been via c io granting the company right to 600 feet in ridth on either side of the entire length of the woposed tunnel outside of j vested interests, a d as nine dif-tinot and j separate lines of | sldabearing reef t"rave«se the company's elain at a right angle, or there- j abouts, apart from any others not visible, j which by reasonable inference may bo met | with, it may be intly characterized as a I highly promising- eplculatiou. A still further j addition to the anticipated profits is represeu- ] fcyd by a tariff on I haulage for other com* panics, estimated al, cay, 10 per cent ova* wor&ing expenses. I ! There is a distanle of three-quarters of a mile oi unoccupied llaad from the starting point, through whiet aeveral of the kuown lines of reot traverse! Thfl company propis to drive a tunnel from the right to the left lland brunch of the In* | angahua rive?, a through distance of gome two and a-half miles,! and thereby intersect- ! ing a perfect networklof gold-bearing reefs j j a number of which hate been partially worked on the surface on'y, put with payable re- | suits, which, on the! extension of the pros po3ed funnpl woald b'l at once turned to profitable account;, OBlmany of them would be tapped at depths iLnging from 1500 feet downwards from the eufcerops, ensurhig an unlimited supply of goii -bearing stone/ which by a tbua reduced cost jof production cannot, in the opinion of tbje. projectors, fail to. leave a very handsome pargin of profit. The Ctolden Fleece Extended Q-old Mining Company, whose lease ia on the proposed line, are at . present rafting stomj from the low level, 700 feet belotr the outcrop, giving the handsome return df two ounces to the ton, which is the 'bt'st jfet obtained from the mine, and may bo accepted aa indicative of the accuracy 'of a verF prevalent opinion " that the richness of oLi* quarts lodes increases with their depthl 1 The maximum of Oals will be Onß Penny per share per month, tllua affording an op- 1 pottunity to all classes'! of. participating in j the venture by the limijatiou of liability to j a minimum. I ' , A fifteen-head stamptje battery is erected immediately contiguous! to tho tunnel's mouth, available i'os mushing any etooe obtained. 1 As a mining speculatioe, it presents direct aildi prospective ad rootage* seldom met with in kindred rentaresjas illustrated by the combination referred to, md still further by recent ' statistics furnishe! to tbe New Zea» land Government, showing that lOß,lßßozs. of gold, the yield of 156,882 tons, representing an average of 13 dwtk. 19 gta., or nearly 14 dwta. per ton have bapn obtained by the various company's that hjlva been, and are at work on tbe lines of reef proposed to be intersected. Taking the nfcney value per ton £2 12a Bd, a clear profit 01 £1 ss, per ton can be secured, allowing the octfe of production to be divided thus — crushing by waer power, ss. per ton j cost of ruiaiag stone, 10s Bd, per ton ; wear, tear, munagement, and contingencies, J2s 6d. Total, £1 7a Bd, leaving a balance of £1 5s to be divided as profit. In conclusion, the projictors with every confidence assert that a more genuine mining venture, and one possessing the same ele» ments to achieve success ttaa seldom, if ever, been put on the market. | PROSPECTUS ANji FORMS OF APPLICATIONS SOR SHARES TO BE OBTAINED FROM TEE UNJ}JSRBIQMEZ>.\ HENEY GEo! HAHKIN, Secretaifr. OSIKLES H. M)WAU.l>ii STOEEKEEIPER Black's Pomt. GOODS PACKED TO jALL PARTS OF THE DlßlCr.