Page 3 Advertisements Column 4

Inangahua Times, Volume II, 29 September 1880, Page 3

PROSPECTUS : C P THE TN r Ar GAiIUA *LO\V LEVEL TUN--L NIL GOLD 3_TSI.\O COMPANY, LIMITED, EEEPION. CAPITAL .I, £12,000 In 24000 Scares of 10s. Ea di. i To be Pegisteki d tr stunt THE Pil YfsloN> of " The Mining- Oompanies' Acts. 1872." Calls limited to Ono Penny per Month, teith a deposit '-o" 'Iwo Pence per Share on Application PROVISIONAL DIRECIORS. Robert Oslkt. Patrick Brennan •lonN Trennery George Wise William GAiitoNfeE Charles Fearer James Connolly P. K. Gulline P. Q Caples Matiietv Pyhsb Frank li amilto^ J ofcurn Kjlgoue BANK OF IEW ZEALAND. SAlicitoe : JAMES IY.N OH, Esq. HENEY GKO. HAISKIN. OBJECTS OFpJIE COMPANY. In submit! ine till proposed undertaking for the approval of the general public and more especially thi inhabit anta of the district, whose ir.torel's must necessarily be directly ben< fited by lhe impulse given to a further development <|f the hidden wealth o the field, and as a - lequence the increased eirculntion of capital looal'y, the projectors have every eontidenel in its successful issue —which in the first place may bo attributed in a yen large degree to the widely expressed opinions of a variety If experts— first among whom may bo mentidncd tbe name of Dr. Hector, Government Mhierologist, &c..who says, that" the construltion of suoh a tunnel ear-not fail to intersect! numerous golden and otber valuable metallic lodes ; tli« local mmeroiogical products of tbe neighbourhood fully justifying the ass imption of ih' -ir exstenee in well-defined strata at . depth obtainable by the proposed scheme" Secondly : By the immeasurably s iperior advantages ol profitably working mar v lines of reef now in abeyance by i eason of tne exceptionally high rates attending tho pri rliictiou of otherwise payable stone by fiotnpan esot limited capital ; tliirrili— from the fact of the Government recognising "at the it stance and recommendation of their Engiijeerß " the importance and valu** ot the work, ab a means to a great public good, by guaranteeing a subsidy of £ for£ of capital subscrited by the publicTacts that may be genera: ly arfcepted as strong elements in support of he lo»a fides, and decided ultimate Bucoeei oi the venture, in addition to which a furl her and liberal con» cession bas been made in g ranting the company rigbt to 600 feet in width on either side of the entire length of the prope sed tunnel outside of vested interests, and as nine distinct and separate lines of gold»b saring reef traverse the company's claim at a ight angle, or thereabouts, apart from an; • others not visible, which by reasonable infe 'ence may bo met with, ib may be fairly characterized, as a highly promising specula! ion. A still further addition to the anticipate I profits is represented by a tariff on hauhge for. otber companies, estimated at, sa; , 10 per cent ovsr working expenses. There is a distance of three-quarters of a mile oi unoccupied land from tbe starting point, through which se reral of the known lines of'rsef traverse. The company propose t( drive a tunnel from the rigbt to the left hand branch of the InDngabua river, a through distance of some two and a-half miles, and thereby intersecting n perfect network of gold-bearing reefs ; a number of which have b.en partially worked ou tho surface only, but with payable results, wliich, on the ex.ens.on of the pro-, po^ed tunnel would be ti t onco turned to profitable account, os in., ny of tbem would be tupped at depths mii| ing from 1500 toet downwards from the cut crope, ensuring an unlimited euppiy of gold '.oaring stone, which by a thus rodui-ed co^t oi prediction cannot, in tho opinion of the projectors, _ fail to leave a very handsome m trgiu of profit, The Golden . leeeo Intended Qold Mining Company, whose lease is on tbe proposed line, are afc present raisi 15 stone from the lovv level, 700 fret below the outcrop, giving the handsome return* of two ounces to the ton, which is the best ye obtained from the mine, mid may' bo accepted as indicative o! the uecuroeyof a very prevalent opiuion " that the richness of out- quartz lodes increases witb their depth.' Tbe maximum of Gal 3 will be One Penny per share per montb, th is affording an opportunity to all classes of participating in the venture by tbo limi ation of liability to a minimum. A fifteen-head stampi r battery is erected immediately cor.ligiuiui to the tunnel's mouth, available lor .rushing auy stove obtained. As a mining speculati 111, ifc presents direct and prospective ad.c itagea seldom met with in kindred ventui et, as illustrated by the combination referred toi and etill further by recent statistics i'tiriiisied to the New Zea-. land Government, showing that 108,188o;_s. of gold, the yield ot 1515,862 tons, representing an average of 13 .Ints, 19 grs., or nearly 14 dwts per ton have! been obtained by lhe various company's tim j havo been, and are at work on the lines of ricf proposed to bo in-* tersected. Taking tbp n oney value per ton £2 12s Bd, a char profit of £1 s*. per lon can be secured, allowing ti .* cost of production to be divided thu — em-hing by wa er power, ss. per ton ; eoct of raising stone, 10s Gd, per ton ; wear, tear, management, and contingencies, 12s Gd. Tot! d, . -til 7s Sd. leaving n balance of £1 5s to b 1 divided as profit. In conclusion, the projectors with every confideuce assert that a moro genuine mining venture, and ono po sessiug the same de-n-cuts to achieve bucc ss has seldom, if ever, been put, ou tho mark*. PROSPECTUS £'D FORMS OF APPLICATIONS FOR SHARES TO TBE OBTAINED FROM THE UNDERSIGNED. HENRY GEC. HANKIN, Secretary. KLDS, 1 RTS