Page 3 Advertisements Column 4

Inangahua Times, Volume II, 15 September 1880, Page 3

PROSPECTUS ! CF THE TNAFGAHtIA LOW LRVKL TTTtf- -*• kel gold mining company, LIMITED, EIiEFrOX. CAPITAL I £12 000 Iv 21000|Sli-»res of 10*. Ea;h. To be Pkgistt rp.b TfXDEi: the Viv rr-iox< ok " The Miking Companies' s\ct<. 1H72." Calls United to Cnc Penny fcr Vonlh with adepos.tof 'two To,; coper Share o,i Appllcaikn PROVISIONAL DIRECTORS. Roußirr Oxr.EY Fatiijck TJiii-nwan -Ton?* 'i'r>F.:.'Kf/{Y Gi'^n;;;-: V\i-p, William: (Jahjdnku Chal? !.■•'.-! I-'h^ku .1am;:- (.'oxnoiJly "]?. K. ( : hai,iM-; P. (,) Oai\m:* Mathov ) j yi!KK Fi:ank llAinr.ro:: Jo si: in Iv.lgouu ' BAKE O: ? JN K \V Z K AL \3 D. SOT.TCIT.'K : JAM! S LYNCH", TC-Q. : t:ci:ktap.y: HENIIY «KO. HASKI>. OBJECTS OF THE COMPANY. In submit!!.:; (he. propped um],;rtnkir.r for the sit.Pf-.r; 1 of tbo L"-iiei-.il pubuc, and move eppei^h Iho inhabitant* of tii.tli*fW R i-, \vhcs.- i-.t-'i-osis mi;.<t necessity re directly ben, filv I b.V tlm impulse given to a further devvlopn ent. o' tlio hidden v.vr.l'.h o! the field, and a; a tlio increased circulation of c tpital local y, tlio projectors have every confidence in \U successful isme —which in the irst place may be attributed in aven large dlgrce to the widely expressed opinions of a vii: iety of expects — fii-st aivong whom mny bo nentioned tho name o( Dr. Hector, Governnent Minerologisf, &c. who say?, thul " the c( nstru ition of sue!) a tnnnol ennofc \'a'i\ to in er»ect nuineraii- »oklen and other vulunble in tallie loci, s ; tlu: local mm* 1 erolojjicnl produ its of tho neighbourhood fully justii'ying t le assumption of their exstetice in \veU-d:fined stnua at a depth obtaiunble by the pi oposed scheme." Secondly : By the iniraea^u 'ably euneiior odvuntagesol profitably workii g many lines o'' reef now in abeyance by leuion ot tlio exeeplionally hi»h rates attendinj; the production of otherwise pnyablo stone by ■ompiiniesof limited capital ; tlimilv— 'iom tie fact of the Government recounting "at the instance and recommendation of the r .Engineers" the impoi-tance and viiluf of I lie work, as a means' to a great public good, by guaranteeing a subsidy ol £ for £ o? eapilitl subscribed by the public— facts that muy b ■ gem-rally accepted as stiong elemenis in sup iort of tho hona fides, and decided ultimate suet-esis ot the venture, in addition to which v further and liberal con» cession Ims been i lade in granting the com puny iigl>t to 600 leet n width on either eide of the entire lengtli of t le proposed tunnel ouiside of vested interests, and as nine distinct and separate lines of gold«bearing reef tr.vei'se the company's cl lim at a right angle, or thereabouts, apart f-om any others not visible, which by reason ible inference may bo met with, it may te 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« i penies, estimate! at, cay, 10 per cent over woiktng expenses There is a di.< ance of three-quarters of a mile o( unot-enp ed land from the starting point, through \ hich several of tho known lines of r3ot traverse. The con-pany \ ropose to drive a tunnel from the right to the . ctt hand branch ot' ti.e Inangaliuu river, a through d^tunee of some two and a-half n ile?, and thereby intersecling a perfect net york of gold-bearing reel? ; a number oi' whiih have been partii'-lly worked on the surface cn'y, but with payible results, which, on tho extension of the pro* po>pd tunnel woi Id be at oucfl turned to profitable accoui t, os mnny of them would bo tapped at dou.hs lMii^'ing from 1500 leer dowuwnr.ls /'nun the outcrops, ensuring an unlimited supply of gold bearing stone, which by a thus reduce I cost of production cannot, in tho opinion >f the projectors, fail to leave a very ham some margin of profit. The Golden F cc.cc Intended Gold Mining L'tiiniiiuiy, wlnse Icms;. 1 is on the. piojj-'jed | !ii:C, arc at prcst nt ra;.--i:i«» stono from the lo.v level, 700 ice; below the outcrop, giving the hund-onie r< turn of two ounces to the ton, which is the best yet obtained ,rom the mine, and may b) accepted ns indicative ol the accuracy of a very prevalent opinion " that the riclint is of our quartz lodes increases with then depth." Tho niui:iinu:r of Calls will be One Penny per share per mpmh, thus affording »n opportunity to nil Jchuses of participating in the venture by tlio liini ation of liability to a minimum. I A iliieen-ijeadjEtinr,pf r hattery is erected immediatily t'L;j;iguous to tiio Uirni-!'s n ou'h, available! lor crushing any stone obtained. I As a mining cpecula/icn, it prc-'cnJs direct and )!i-0.-p>''.-tivo l advantages eekloai met with in km red vintiue*, us illustrated b}- the combination referaed to, und still furihci 1 by leccut statistics ilirniah'-d to the New Z^w hind Government] showing that IOS.ISSo/;. ot gold, tho yield \i If;G,SG2 tons, repr.^Lziting an average of 113 chug 19 grs., or nearly 14 idwts . jier ton liivo been obtaii:e-.i by the various company's lliut have been, and are at woik on the lines ol' reef propi ?ed to be intersected. Taking llhe a-onoy value per lon £2 12s Bd, a ckar pVof'it ot i"l si. per ton can bu secured, ullowingilln' cott of production to be divided thu> — crl^hing by wa er power, ss. ))er ion ; cost oil rui.-ing stone, 10s od, pjr ton ; wo.ir, tear, in u.agemeiit, and contingencies, 12s Gd. Totjil, £1 7s Bd. leaving a balance of £1 5s to be divided as profit. In conclusion, the (projectors with every confidence assert thatn more genuine mining venture, and ono possessing the same elements to achieve succeed has seldom, if ever, been put ou the inarkel. PROSPECTUS A^D FORMS OF APPLICATIONS FOlt SHARES 10 Jiti OBTAINED FROM TEE UNDERSIGNED. HENRY GEO. HANKIN, Secre ;ary. OHAULES fl. T KDWA.UJDsi STOBEKIIB PER Black's Point. GOODS PACKED! TO ALL PAUL'S OF THB DIUICT,