Page 3 Advertisements Column 4

Inangahua Times, Volume II, Issue II, 12 July 1880, Page 3

PROSPECTUS CP THE ' INArGATIUA jUUV LEVKL TU>TMiL GOlib -. MI.VI.KG COMPANY, LIMIT RD, KKEP-l'ON". CAPITAL .., ... ... £12,000 In 24000 Sh ires of 10s. Ea^h. To BE KEGISTEBEI ' tTNDER THE PfinVIPIONS of " Thb M] mko Companies' Acts, 1872." Calls limited to Y)ne Penny per Montlii uith a deposit qf\) 'wo Pence per Share . on ' Jwplication. PROVISIOmL. DIRECTORS. ROBEBT OxiEY I PATBICK BaENNAS John Tbennehy I Geobge VYisb William Gabdnel Chables Fba.seb .James Connolly 111. K. Gullinb P. Q. Caples 1 Mathew Bybnb Fbank Hamilton! Joseph -Kilqovb Baikeb 5 ! : BANK OF NEW ZRALIND. Soiicitob : JAMES LYxN CM, Efq. Secbetaey: heney g^ Nankin. OBJECTS OF THE COMPANY. In submitting the I proposed undprtakirg for the approval of tne geuernl public, and more especially the! inhabitants of the district, whose inheres* mu«t -necessarily be directly benefited by t«e, impulse given to a further development ol the hidden wealth of the field, and as a Biquence the increased circulation of capital locally, the projectors have every confidence in its successful issue —which in the first pllce may be attributed in a verj large degree tp the widely expressed opinions. of a variety of experts— first among whom may be mentioied the name of Dr. Hector, Government MineioJogist, &c. who says, that •* the construction of such a tunnel cannot fail to intersect mumerou-- golden and other valuable metallic lodes ; the local mm» efological products ofj the neigbbourhood fully justifying the assumption of (heir exstence in well-defined strata at a depth obtainable by the proposedjscheme.'' Secondly : By the immeasurably stperior advantages of profitably working manr lines of reef now in abeyance by leuson of tpe exeepiionallv high . rates attending the production of otherwise payable stone by companies of limited capital ; thirdlv-^-'from the fact iof the Government recogniting "at the ir itance and recom* mendation of their Ehgii eera "the importance and value of the work, a a means to a great public good, by g'uara'nte ing a subsidy of £ for £ of capital subscril sd by the publicfacts that may be genera ly accepted asstiong* elements in support of he bona fides, and decided ultimate sucoei i ot the venture, in addition to which a fur her and liberal conn cession has been made in { ranting the company right to 600 feet in widtb <5h either side of the entire length of the propt sed tunnel outside of vested interests, and a nine distinct and separate lines of gold»b »aring reef traverse the company's claim at a. ight angle, or thereabouts, apart from an ■ others not visible, which by reasonable infe -ence may be met with, it may be fairly characterized as a highly promising specula ion. A still further addition to the anticipated profits is represented by a tariff on haulage for other com* panics, estimated at, eat, 10 per cent over working expenses. 1 . . There is a distance o| three-quarters of a mile, of unoccupied, land! from the" starting point, through which eeteral of the known lines of reef traverse. I i Tho company propose tojdrive a tunnel from the right to the left handl branch of the In* an gab v a river, a through J distance of some two and a-half miles, ana thereby intersecting a perfect network of Void-bearing reefs ; a number of which have bin partially worked on the surface only, but (with payable results, which, on the extension of the pros posed tunnel would be an once turned to profitable account, as manp of them would be tapped at depths rangijjg frorii 1500 feet downwards from the outcnops, ensuring an unlimited supply, of gold belring stone, which by a thus reduced cost of production cannot, in the opinion of the projectors, fail to leave a very handsome margin of profit. The Golden Fleece Extedded Gold Mining Company, whose lease is on the proposed line, are at present raising stone from the low level, 700 feet below th< outcrop, giving the handsome return of tw > ounces to the ton, which is the best yet ot ainedj<froin the mine, and may be accepted as indicative oi the accuracy of a very pnvalent opinion " that the richness of our q lartz lodes increases with their depth." > The maximum of Calls w 1 be One Fenny per share per month, thus '] ffording an opportunity to all classes of* participating in the venture by the limit at ie i of liability to a minimum. A Hfteen-head stamper b ttery is erected immediately contiguous t< the tunnel's mouth, available lor crus ing any stone obtained. , ( As a mining speculation, i presents direct and prospective advantag s seldom met with in kindred ventures, as 11 ust rated by the combination referred to, and still further by recent statistics furnished (3 the New Zea» land Government, showing that 108,188ozs. of gold, the yield of 156,862 tons, representing an average of 13dwts. •; 9 gra., O r nearly 14dwts. per ton have beenj obtained by the various company's that hav| been, and are at work on the lines of reef prlposed to be intersected. Taking the mm By value per ton £2 12s Bd, a clear profit of i 1 Ss, per ton can be secured, allowing the cost of production to be divided thus— crushing )y waer power, Ss. per ton ; cost of raisin . stone, 10s 6d, per ton ; wear, tear, manage lent, aud contingencies, 12s 6d. Total, £1 7s Bd, leaving a balance of £1 5s to be divid id as profit. In conclusion, the projeaors with every confidence assert that a raorl genuine mining venture, and one possessing the same elements to achieve success hal seldom, if ever, been put on the market. I PROSPECTUS AND FORMS OF APPLICATIONS FOm BSARES TO BE OBTAINED FROM TEE UNDERSIGNED. I HENRY GEa HANKIN, Secretarial CHARLES fl. JiDWAIiDS, STOREKEEPER • ■ 1 Black's Point. \ GOODS PACKED TO ALL PARTS OF THE DIRICT.