Page 3 Advertisements Column 3

Inangahua Times, Volume II, Issue II, 30 June 1880, Page 3

PROSPECTUS ( F THE TVU T G\!ITT\ LOW LKVI'LTUNNhL C-JOfiJ) MI \' l Mi COMPANY, LiMrnn), kkkfion. CaTITAL £12.0:x> In 211)00 Sir re* of HU. Ka/b. To be Eeoistekiu vkpkh tite Tb. ti-ion of " Ike Minims Cumfames' Acts, }H72." Calls limited to lne Penny per Monlh. with a deposit of 'I mo Pence per Share on S'jp ''eal ion PROVISION A L I) 1 RECTO JIS. HOBBHT OXLEY \ PATUICK PIiKNNAN •'OUN Tbenjsehy IGkougk \Visb William QabdnehlChaultss Fuiker .1 a m es Connolly iii . K . G v l l in h P. Q. CaPLBS IMATtIfiW Vyusv. .... Fjjakk Hamilton Joseph Kiloouk Bant: rin : BA.KK OF JSIiW _ZEAL\JND. Sol ci^fc : JAMES LY^'CH.EvQ. 8 EC El TAUY : HENIIY GKD. HA.NX.IN. OBJECTS OPITIE COMPANY. In submitting; (he proposed und.'Hakirg for the approval oi' ho t:enernl public, and more especially tht inhabitants of the district, whos.' int-re. 'a rniM neecs-ui'ily he directly benefited by Iho impulse given to a further development nf the hidden wealth oi the field, and us a sequence tlie increased circulation of capita local !y, the projectors have every confidence in its successful issue which in the first ] lace may be attributed in a verj large degree to the widely expressed opinions of a variety of experts— first among whom may be mentioned the name of Dr. Hector, Qovernment Miuorologist,^ ,&c.g|(rlio says, that ( " the consti jr'tion of such C^lnel cmnotfaiUo interse st numerou golflj|j^nd otber valuable metall c lod. s ; the l6o*sminH erological products of the } nei^hbourbood fully justifying the tssumptiofi of iheir es--Btence in weH-de(ip(d strata at a depth obtainable by the propoi ed scheme." Secondly : By the immeanirabl; adv»ni(age|ol profitably working nany lines o<" reef now in abeyance by ieuson i'f 'tbe exlepiiona^v high rates attending tbe production of otherwise payable stone by com sanies ol limited capital ; thirdly— from the hot of the Government recounting "at tin instance and recom» mendation of their E Vgineers " the importance an() value of the woi k, as a menus to a great I plfilic good, by guar irv|eein» a subsidy ol £ for £ of capital siibiq"r)bed by the public— fiicts that may be ge Serai ly accepted as stiong elements in suppoj of the bona fides, and decided ultimate :SU<? oess ot the vent are, in addition to which *} further and liberal con» cession has been mad 3 in grunting the co.npany ? richt to 600 feet in v idth on either side ot the entire lengtn of the iroposed tumvd outside of vested interests, at d as nino distinct and separate lines of g'»ld«beartng reef tr.t verse the company's claim iat a right angle, or thereabouts, apart front any others not visible, which by reasonabl > inference may bo met with, it may be hirly characterized as a highly promising sp iculation. A siiil fuither addition to the anticipated profits is represented by a tariff on haulage for other com« panics, estimated a;, say, 10 per cent over woikmg expenses. There is a distance of three-quarters of a mile of unoccupied land from the starling point, through whf h several of the known lines of reel travers ). The company pro] oso-to drive a tunnel from the right to the left hand branch of the Inangahua river, ath ough distance of some two and a-half mile', and thereby intersecting a perfect netwoikof gold-bearing reels ; a number of whicii li aye been lartially worked on- tbe surface on^, but with payable results, which, on tha extension of the pros posed tunnel would be at once turned to profitable account, is many ofSSjMfcvvould be tapped at depths ranging fro^Hm) feet downwards from tl: 3 outcrops, ensimng an unlimited supply of jold bearing stone, which by a thus reduced c .st of production cannot, in tbe opinion of the projectors, fail to leavo a very bandso ne margiu of profit. The Golden Fleec 3 Extended Gold Mining Company, whose lease is on the proposed Hue, are at present raising stone from the low level, 700 feet b 3low the outcrop, giving tbe hand?ome retur i of two ouncvs to the ton, wliich is the bes : yet obtained trom the mine, and may be a icepted as indicative of the accuracy of a irery prevalent opinion *' that the richness c f our quartz lodes increases with their de] th." Tbe maximum of Calls will be One Penny per sbare per montl , thus affording an opportunity to all clai ies of participating in the venture by the imitation of liability to a minimum. . A lifteen-head sta nper battery is erected immediately contigt aus to the tunnel's mouth, available foi crushing any stone obtained. As a mining specul ttion, it pre-ents direct and prospective advantages seldom met witb in kindred venturers illustrated by the combination referred 10, and still further by recent statistics furnished to tbe New Zeas land Goyernment, showing thut 108,188ozs. of gold, the yield of 106,882 lons, representing an average of ISlwts 19 grs., or nearly 14 dwts per ton have! been obtained by tlio various company's thai have been, and are at work on tbe lines of rasf proposed to be intersected. Taking (he! money value per ton £2 12s Bd, a clear profit of £1 ss. per ton can be secured, allowing till cost of production to be divided thus — crushing by wa'er power, ss. per ton ; cost of rliaing f tone, 10s 6d, per ton ; wear, tear, mi|agement, and contingencies. 12s 6d. Total, \£l 7* Bd, leaving a balance of £1 5s to be divided as profit. In conclusion, tho pifojectors with every confidence assert that a iiore genuine mining venture, and one posse|sing the same elements to achieve success! bas seldom, if over, been put on the market. .o«.™ am PROSPECTUS AND FORMS OF APPLICATIONS tFOB SHARES TO BE OBTAINED FROM TIIE UNDERSIGNED. HENRY GEa HANEIN, SecretaryCHARLES nTIDWAIuSI", STOEEKKHPER 1 Black's Pofot. GOODS PACKED TO ALL PARTS OF THE DIIUCT,