Page 3 Advertisements Column 4

Inangahua Times, Volume II, 1 September 1880, Page 3

PEOSPECTUB loF TEE TNArGAIITJ^ LOW LKVICL TUNA- NKL GOLD MINING COUPANY, LIMITKn, LIKKProy. CAPITAL J £12.000 In 21000 Share* of lO.j. Ea ;h. TO BTS RnGISTERpD 'JNDE« THE Pb< VfSlON* of " The ijliNisG Cohpanies' Acts, 1 872." T Calls limited tb One Penny per Month with a deposiuof Two P nee per Share ora Application PROVISIONAL DIRECTORS. Robert Oxle-jj Patrick Brennan John Teennejt Gkckoe Wi?k William Gaki)Neti Chakles FRisEB JAMK.s CoNNOLtY R. K. GuLLfNE P. Q, CAPLE-i I MATHEW . I^TBNE Fbank Hamilton Joseph Eilgoub "Bankeb 1 ! : BANE OF NEW ZEiLVND. j SOLICIT' OB : ' JAMISLY,SCH,E>q. : HENir: GEO. IMNEIX. j OBJECTS )F~THE. COMPANY. In eubmittin ; the proposed undertaking for the opprov il oi" the geneml public, and more espccia',l' the inhabitants of the district, whose 'nt-resfs must necessarily be directly benffitftl by the impulf" given to a further developi »ent of the hidden wealth of the field, and a i a pcquence tie innreased circulation of .< apital local y, the projectors have every con idence in its successful issue which in the jfivst place may be attributed in averj large tiegree to the widely expressed opinions of a vwiety of experts — first among whom may be Jmeutioned the namo of Dr. Hector, Government Minevologi9t, &c. who says, that 1 ' the construction of such a tunnel cannot faiVto in ersect numerou- golden and other valuable rr Ftallic lodfs; the local min-ei-ological prodt ets of the neighbourhood fully justifying t ie assumption of ilvir exstence in well-c sfined strata at a depth obtainable by the p oposed scheme." Secondly : By the immeasu 'ably superior advantages of profitably worki g many line? o f reef now in abeyance* by tea ion of the excepiiouallv high rates attending the production of otherwise payable stone by companies ot limited capital ; thirdly—from/ tl c fact of the Government recogriiting " atl the instance and recom» mend at ion of thir Engineers " the importance and value of thelwork, as a means to a great public good, by iua'anteeing a subsidy of £ for £ of capital jubscribed by the public — facts that may bi generally accepted as stiong elements in Bupiort of the bona fides, and decided ultimate! success ot the venture, in addition to whictt a further and liberal con« cession has been mlde in granting the company right to 600 feet iA width on either side of the entire lengtli of thl proposed tunnel ouveide of vested interests, Aid as nine distinct and separate lines of lold-beaving reef Inverse the company's claim at a right angle, or thereabouts, apart from atiy others not visible, which by reasonabfc inference may bo met with, it may be fairly characterized as a highly promising speculation. Asi ill further addition to the anticipated profits is represented by a tariff onl haulage for other com* panics, estimated at, cay, 10 per cent over j working expenses. I There is a distanle of three-quartei'3 of a ! mile of unoccupied lland frcm the starting point, through whicV several of the known lines of rse'f traverse. The company propose,,t£^h'ive a tunnel from the right to the left hilh*i>branch of the Inangahua river, a througto distance of some two and a-half miles, aila thereby intersecting a perfect network of gefld -bearing reefs ; a number of which have been partially worked on the surface only, but wit^j payable results, which, on the extension^ of the prow posed tunnel would be at once turned to profitable account, ob many of them would be tapped at depths ranging from 1500 feet downwards from the outcrops, ensuring au unlimited supply of gold bearing stone, which by a thus reduced cost of productiou cannot, in the opinion of the projectors, fail to leaTO a very handsome margin of profitt The Golden Fleece Extended Gold Mining Company, whose leafee is on the proposed line, are at present railing stone from the lo* level, 700 feet below the outcrop, giving the handsome return ol two ounces to the ton, which is the best ytt obtained from the mine, and may be accefted as indicative ol the accuracy of a verr prevalent opinion " that the richness of our quartz lodes increases with their depthJ' The maximum of Cats 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. I A fii'ieen-head stamp< r battery is erected immediately contiguous to Ihe tunnel's mouth, available lor < rushing any stooe obtained. As a mining speculalio l, it pre-enls direct and prospective advm tages seldom met with iv kindred ventures as illustrated by the combination roferred to, tnd still further by recent ptatislics furnishi d to the New Zealand Government, show lg that 108,1880z3. of gold, the yield of 156, i 62 tons, representing an average of 13 dwts 19 grs., or nearly 14 dwts .per ton have t een obtained by the various company's that iave been, and are at work on the lines of reei proposed to be intersectedi Taking the coney value per tou £2 12s Btl, a clear profit If £1 ss. per ton can be secured, allowing the lost of production to be divided thus— crush iilg by wa er power, ss. per tou; cost of ruling stone, 10s 6d, per ton ; wear, tear, m mlgement, and contingencies, 12s 6d. Total, fcl 7s Btl. leaving a balance of £1 53 to be dfcided as profit. In conclusion, the projectors with every confidence assert that a nbre genuine mining venture, and one possessing tiie eaine elements to achieve success lias seldom, if ever, been put on the market. I PROSPECTUS ANB FORMS OF APPLICATIONS FOR SHARES TO BE OBTAINED FROM THE UNDERSIGNED. 1 HENRY GEO. HANEIN, Secretaw. oharles h. Awards, „. STOII EX E EIP E R Black's Poilt. GOODS TACKED TO ALL I'ARTS of thk Di::icr, it.