Page 3 Advertisements Column 4

Inangahua Times, Volume II, Issue II, 14 July 1880, Page 3

FSOSPECTsJS CJF TUB TV-VrGAHUA LO'V.LF.VKL TUX--1 M'-.L GOLD Vl^-r>G COMPANY, lihitkh. in<:i:F;o>f. „P l- n T . ... £12,000 In 24000 SlifH-e* of 10^. Ea:h. To BB "Registeiikd usDBRTnB Tr vr<ioiTs of " The AJiisi>-G Companies' Acts,J872." Calls limited to One Venny per Month, with a deposit of Tim V once per Share on JppUf,itio)i PROVISIONAL. DIRECTORS. ROBBBT OXLET PaTRICIC BIJENNAN !ohv TkennekY Gkobgb \>ise William Gardner Charles Huseb Jambs Connolly J{. K. Gpi/likb P Q. Caples iMathewl-yrne Fbllk iIAIULTOX JosKl'H tv.LGOUB BaNKEK< : B AK KOFINKW ZEAL \ N D. SOLICIT! K : JAMES LYNCH.Eg. SECRETAKY : HE^EY GKO. JIAiXEIN". OBJECTS OP THE COMPANY. In submitline tho propo^efl und"rtaking for tho appr-.val oi" the «enei-ii] public, and rnoi-e espeoiaUy the iiibulii'ants of the district, whose ii-.t> res's must neces.-iirily be directly ben. fited by the immiK> given to a further development ol the huM«n wealth of the fiVhi, and i's n M-quetiee the iueri-ussJ circulation of capital lo;>!il y, the projoutors have every con fi den -c i;i its successful issue which in the first place may be attributed in aven lavge. degree to the widely expressed opinions ol' a variety of experts— first among whom may be mentioned the name of Dr. Hector, Government Minerologisf, &c. who say?, that '' the constrti'tiou ofsu.-h a tunnel c mnot fai\ to intersect numerou- golden and other valuable metallic lcnl s ; the local mm» erolouical products of the neighbourhood fully justifying the assumption of ihir es--Btenee in well-defined stm!a at a depth obtainable by the proposed Bclippie." Secondly : By the immeasurably supeiior advantages of profitably working many line-* o'" reef now in abeyance by ieaßon of the exeeptionallv hi^h rates attending the production of otherwise payable stone by companies ol limited capital ; thirfily— 'Vom the fact of the Government recognising "at the insumee and reeom* meudation of their Engineers " the impoi tance and value of the work, as a means to a great public »ood, by guaranteeing a subsidy of £ for £ of capital subscribe..! by the public— fi,ct3 that may be generally aeeepled usstiong elements in support of the lona fides, and decided ultimate success ot the venture, in addition to which a further and liberal con* cession has been mads in granting the coaipiiny right to GOO feet in width on either side ot the entire lei'gtli of th. 1 proposed tunm.-l outside of vested interests, and as nine distinct and separate lines of gold«bearing reef traverse the company's claim at a right angle, or thereabouts, apart from any others not visible, which by reasonable inference may bo met with, it may be fairly characterized as a highly promising speculation. A still further addition to the anticipated profits is represented by a tariff on haulage for other com* panics, estimated at, say, 10 per cent ovsr working expenses. There is a distance of three-quarters of a mile of unoccupied land from the starting point, through which several of the known lines of reef traverse, The qompany propose to drive a tunnel from the right to the left hand branch of the InangnhuH rirer, a through distance of some two and a-half miles, and thereby intersecting a perfect network of gold-beaving reefs ;' a number of which have been partially worked on the surface on'y, but with payable results, which, on tho extension of the pro» posed tunnel would be at one.c turned to. profitable account, os many of them would be tapped at depths ranging from 1500 leet downwards from the outcrops, ensuring an unlimited supply of gold btaring stone, which by a thus reduced cost of production canuot, iv the opinion of the projectors, fail to leave a very handsome margin of profiti The Golden Fleece Extended Gold Mining Company, whose lease is on the proposed Jine, are at present raisin? stone from the lo«v level, 700 feet below the outcrop, giving the hund'Oine return of two oui:c c .s to the ton, which is tlie b..-st yet obtained from the mine, und may be accepted as indicative of the accuracy of a very prevalent opinion " that the richness of our quartz lodes iucreuses with their depth." The maximum of Calls will be One Penny per share per month, thus affording an opportunity to all classes of participating in the venture by the limitation of liability to a minimum. A li ('teen-head stamper battery is erected imiTMdiiitily contiguous to the tunnel's mouth, available for crushing any etone obtained. As a mining speculation, it pre enls direct und prospective advantages seldom met with in kindred ventures, as illustrated by the combination referred to, and still further by recent statistics furnished to the New Zea's land Government, showing that JOB.ISSoz3. of gold, the yield of 156,802 tons, representing an average of 13d\vts 19 grs., or nearly 14 dwts. per ton have been obtai.ieJ by the various company's that have been, and are at work on the lines of reef proposed to be intersected. Taking the ironey value per ton £2 12s Bd, a ekar profit of £1 ss. per ton can be secured, allowing the co-t of production to be divided thu- — crushing by wa er power, ss. per ton ; cost of raising stone, 10s Gel, per ton ; wear, tear, minag-'tin'-nt, and contingencies. 12s Gd. Total, £1 7s Bd. leaving a balance of £1 5s to be divided as profit. In conclusion, the projectors with every confidence usseri that a moi-o genuine mining venture, uud one possessing the same elements to achieve success has seldom, if ever, been put ou the market. PROSPECTUS AND FORMS OF APPLICATIONS FOR SHARES 10 BE OBTAINED FROM TEE UNDERSIGNED. HENRY GEO. HANKIN, Secretary. Shaio.es it. ld wards, STOREKEEPE II "Black's Point. GOODS PACKED TO ALL PARTS OF THE DIHICT.