Page 3 Advertisements Column 4

Inangahua Times, Volume II, 10 September 1880, Page 3

PROSPECTUS OF THE Tj\ r AFGAHUA LOW LEVEL TUX A NKL GOLD I MINING COIIPA^Y,.LIMIT[Id, lIEEFrON. CAPITAL .., \ £ 12 - 00r In 24000 Shares of 10s. Eajh. To be Registered vAru the Pnoyi«ioN' of " The Mixi^a Companies' Acts 1872." I Calls limited to One Penny per Month. with a deposit, of Two Pence per Share on Applic it ion PROVISIONAL .DIRECTORS. Robert Oxley I avuick Bkennan Johs '! KENNRirr Ghouge Wise William Gardxeb Ci Jakuw Fu\see JaM|.> CONKOLLY J.'.l K. « ULLINE P. Q CaPLIN JUJiTHF.W i YliNB Pbakk llahiuon Joseph Jl.ilgoob 3AXEEBX : BAKE OF MiW ZEALAND. Soi.tClT' n : JAMES LY-VOI-r; Esq. SEcnrcTAUY : lIENBY GKOj HANEIN. OBJECTS OP~TIIE COMPANY. In pubinittiii" the p.'opo-ed und-rtukirp for the npprovul of the yenerd public, iind more especially the inhabiianta of the district, whose int iea'B iriui-t neeeg-'arily be 'directly ben. fited by tin impulae given to a further, development of he hidden wcalih of the fi-ld, iind us u sec notice tho increased crculatinn of cii])itnl 1 leal y, the projectors liav ■ every confidence iji it^ pik'c/*ssluJ issue- — which in the Pii-st plaie may be attributed in a ven large de»veo til the widely expressed opinion!* ol a variety oflexiwts — first an ong whom may be mentioned thfi numo of Dr. Hector, Government ftjinei-olngisr, &c. who Bays, ihit 1 ' the constrti xion ofsu-.-h a tunnel c 'linot fai^ to intersect Inumenni- golden and oilier v iluable mftallic jlod- s ; the local miii» eroloL'ical products off the neighbourhood lully justilying tbe assumption of iluir esstence in well-defined I etra' a at a depth obtuinnble by the proposed solnnie." Secondly : By the immeasurably pupeiior advantages of profitably working mtiiiy lilies o* reef now in abeyance by lenson oilthe exceptionally hiu'h rates uttendinq; the production ol otherwise pnv.ible ."tone by jioinpijiiiesol limited c>:i])ital ; tliii-i ! 1 \ — 'lom the iaijt; of the Government reeoiruibing "at the jiiistnui.'C iind recom-mendiition-of their Eni incurs "the importance ond valuf 1 01 tlie work! us a mean.- to a great public good, bv guaranteeing a subsidy oi £ for £ of capitnl subfdribed by tho publii- — frets that may be generally accepted asst/ong elements in support >f the bona fides, and decided ultimate success oi the venture, in addition to which a urther and lib-ral con^ cession bus been mads in grunting the co.np;iny right to tiOO feet m ;vi Ith on either side ol the entire lengtn of the pi oposed tunnel outside of vested interests, and as nine aij-tinct and Bepui'iite lines of gol reef tr iverse the company's claim £tu right angle,, or thereabouts, apart from any others not visible, which by reasonable nlerenee may be met with-, it may be fai 'ly characterized as a hiifhly promising spec ilation. A still further addition to the anti<U) Ued profits is represented by a tariff on 1 iulage lor other com* pr.nies, estimated at, eay, 10 per cent ovar wojking expenses. There ia u di-tance of three-quarters of a mile ol unoccupied 1 nd (run the starling point, through wllich Beveral of the known lines of r;et traverse. 1 lie company propos to drive a tunnel from the right to the left I'm id branch of the Inm<>ul:u 1 -river, a through distance of some two and a-half miles, iiid thereby intersecting u perfect network ( f gold-licarini/ reel.*; i number of which havi been partially worked an the surface on'y, t lit 'with payable' remits, which, on tlm xrension of tho pro* posed tunnel would be at once turned to profitable account, as nany of them would L'o tapped at. depths r< "g-ing from 1500 (eei ilowii ward's from the c utero|)s, ensuring an unlimited supply of gol 1 bcinir.g stone, which by a thus reduced cost ot production cannot, in the opinion ol th» proj ctors, tail to leave a very hundt>omo margin oi profit, The Golden Fleece Extended Gold Mining Company, tvho ; -e lease is on the pi op sed ine, are »t present vtiising stone from the lo* level, 700 li-t't beliw the outcrop, giving the hitnd-ome return Jof two ounces to the ion, which is the best lyet obtained from the mine, nnd may bo accepted as indicative o! the at-cu'i'ucy of a vtry prevail 11 1 opinion ' thut tho richn< ss. ofjour quartz lodes insreuses with their deptti." The maximum of Galls will be One Penny per share per lnonh, thus affording an opportunity to all clats is of participating in the venture by the li uiiatiou of liability -to » minimum. A liiieen-nead stan per battery ig erected imni. dmtily cnngui us to the tunnel's iiiouth, available lor crushing any stoiii obtained. As a mining Fpecuh lion, it pre rnts direct mid prosp ctivo ad iintages seldom met with in km red ventu es, as illustrated by the combination nleiTi d o, and still further by .eeeiit ■ ftatistii's furniihid to the i\ew Z-a. li.nd Govri'uifn nt, sin wing that 108.1S8uzj. 01 go>d, the. ykld 0. 1 6,802 tons, representing an average oi lSlivus liJ grs., or nearr. 1-ldwls per ton-LuvJ been obiaii.ed.by ill'.vaiious eoinpuiiy's thitt have been, and are at W"i k on thu lines of r*i-f j.ropused to be iu— tersected. Taking thl L onoy' value per ion £2 12- Bd, a ch at' pruilt ol iil ss. per ton can be »t cured, allowing ilil co.-t ol production to be divided thu — cnislliig by wa er power, ss. ]ier ton ; cost of laisntg stoi'e, lUs 6d, pi'r ton ; we-r, tear, mliiii^i uieut,uiid contingencies. 12s Gd. Toulj iil 7* Sd, leaving u balance of £l 53 to beldivided as profit. In conclusion, the urojcclors with every confidence asseri tl.at ulinore genuine mining venture, aud one pos f »ssing ti'e same eieijieuts to tiehieve success lias seldom, if ever, I. eon put on the murketJ PROSPECTUS AXD FORMS OF APPLICATIONS S FUR SHARES 'JO Jjj>; OJJIAIi\ViD FROM IMF USUJiIiSIGAjb'A. HENRY GiTd HANEIN, Secretary. STOREKEB PER Blaek's Joint. goods packed to all p^rts OI THIS DIKICT.