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PROSPECTUS OF THB INAFGAMUAILOAV LKVKL TTT!^NKL GOOD MINING COMPANY, LI MIT K I), KISKFTOX. CAPITAL .I £12,000 In 24000 SUares of 10s. Eiuh, To BE "REGISTERID JTN'PBE THB PbcTISIONS op " The aliniW Compamieb' Acts, 1872." Calls limited tt One Penny per Month, with a deposit f Two Pence per Sha re on Application PROVISIO YAL DIRECTORS. ROBEET OxIEY, PATRICK BfiSNNAN John Teenneh r Gechge Wise William Gabd ieb Chablks FsifEß I James CoNNoLir ' H. K. Guiline P. Q. Caples j Mathew I<tene Fbajnk Hamilton Joseph Kilgoub Jankebs : I BANK Ol JSKW ZEALAND. SoLICIToB : JAMEJLYxNCH.Esq. f ECBETABT : HENEY GEO. HAN KIN". OBJECTS CF THE COMPANY. I In submitting the proposed undprtaking for the approva of the generul public, and more especially the inhabitants of the district, whose ir teres's must necessarily be directly benpfite< by the impulse given to a I further developm mt of the hidden wealth of the field, and as a sequence the increased circulation of ct jital locally, the projectors have every confi lence in its successful issue, —which in the f -st place may be attributed in aver} large d( jree to the widely expressed opinions of a var ety of experts— first among whom may be i lentioned the name of Dr. Hector, Governn enfc Minerologist, &c who gays, that" the cc nßtru-:tion of such a tunnel oannofc fai\ to int >rsect numerous golden and other valuable m tallic lodi s ; the local mm» erological produ ts of the neighbourhood fully justifying t c assumption of <htir exstence in well-d ifiaed strata at a depth obtainable by the pj >posed scheme." Secondly : By the immeasu ably superior advantages of profitably workii g many lines o*" reef now in , abeyance by leaf an of the exceptionally high rates attending he production of otherwise payable stone by ompanies ot limited capital ; thirdly— from th > fact of the Government recogni&ing "at the instance and recom« mendation of thei [-Engineers "the importance i and value of the work, as a means to a great public good, by guaranteeing a subsidy of £ for £ of capital Jubsoribed by the publicfacts that may belgenerally accepted asstiong elements in supJort of the bona fides, and decided ultimate I success ot the venture, in addition to ■wbiclj a further and liberal cona cession has been m ide in granting the company p right to 600 feet ii width on either side of the entire lengtli of th ? proposed tunnel outside of rested interests, md as nine distinct and ' separate lines of gold«beaving reef traverse > the company's clai nat a right angle, or thereabouts, apart fr< ra any others not visible, which by reasona le inference may bo met with, it may be] fairly characterized as a highly promising speculation. A sliU further addition to the anticipated profits is represented by a tariff oi haulage for other e«n« panics, estimated pt, say, 10 per cent over ! woikmg expenses. I There is a distance of three-quarters of a mile of uaoccupiel land from the starting point, through, which several of the known lines of reef traverie. The company propose to drive a tunnel from the right to the lef j hand branch of the Inangahua river, a through distance of some two and a-half milm, and thereby intersecting a perfect netwoik of gold-bearing^j-eefs j a number of which nave been partialUf^jfii3|Kl on the surface onlt, but with pamSfewft suits, -which, on tin extension oipSoWgj posed.tunnel wouldlbe at once tu'HJßfcpr profitable account, is many of them would be tapped at depths! ranging from 1500 feet downwards from the outcrops, ensuring an unlimited supply of fold-bearing stone, which by a thus reduced cost of production cannot, in the opinion of phe projectors, fail to leave a very handsome margin of profit. The G-olden Fleeca Extended G-old Mining Company, whose lease is on the proposed line, are at present tailing stone from the 1 low level, 700 feet below the outcrop, giving the handsome returnlof two ounces to the ton, which is the best I yet obtained from the mine, and may be accepted as indicative of the accuracy of a vtry prevalent opinion " tbat the richness of pur quartz lodes increases with their deptl." The maximum of OilU will be One Penny per share per month, thus affording an opportunity to all classel of participating in the venture by the linjf tatiou of liability to a minimum. I > A fifteen-head stamplr battery is erected immediately contiguous to the tunnel's , mouth, available lor druahing any etone obtained. 1 As a mining speculation, it presents direct and prospective advantages seldom met ' with in kindred ventures, »s illustrated by the combination referred to, and still further by recent statistics furnished! to the New Zea« land Government, showinl that 10S,188ozs. of gold, the yield of 156,861 tons, representing an average of 13 dwts.U.9 grs., or nearly 1 14 dwts. per ton have been obtained by the various company's that hay» been, and are at work on the lines of reef prbposed to be intersected. Taking the money value per ton £2 12s Bd, a clear profit of.»L ss, per ton can be secured, allowing the costpf production to be divided thu* — crushing ly wa*er power, ss. per ton ; Co9t of raising! stone, 10s 6d. per ton j wear, tear, management, »nd contingencies, 12s 6d. Total, £1 is Bii, leaving a balance of £1 5s to be dividen as profit. , In conclusion, the projectors with every confidence assert that a more (genuine mining venture, and one possessing 1 the same elements to achieve success haßpeldom, if ever, been put on the market. 1 ' PROSPECTUS AND 'FORMS OF f APPLICATIONS FOR SHARES TO BE OBTAINED FROM THE UNDERSIGNED. | \ HENRY GEa HANKIN, { Secretary. CHARLES H, HiDWARI)?, [ STOREKEEPER ! Black's Point. GOODS PACKED TO ALL PARTS OF THE PIUICT.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/IT18800628.2.8.4

Bibliographic details
Ngā taipitopito pukapuka

Inangahua Times, Volume II, Issue II, 28 June 1880, Page 3

Word count
Tapeke kupu
962

Page 3 Advertisements Column 4 Inangahua Times, Volume II, Issue II, 28 June 1880, Page 3

Page 3 Advertisements Column 4 Inangahua Times, Volume II, Issue II, 28 June 1880, Page 3

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