Page 3 Advertisements Column 4

Inangahua Times, Volume II, Issue II, 1 October 1880, Page 3

PROSPECTUS ; op thb TNANGAHUA LOW LEVEL TUN- \*- NEL GOLD MIXING COMr \PANY, LIiIITED.BEEFTON. : CAPITAL ... £12,000 la 2teOO S bares of 10a. Ea jb. TO BB KBGISTKnm tWDBB THB Pfif VrslOXS op " Thb Mikiko CoMPAinr.s* Act*. 1872.- \ CalU limited tv One P^nny per Month, with a deposit if Two P&npe per Shaie on AppUcation\ PBOVISIOfTAL DIREdIQFS. RoBEBT OXLBTJ PaTBICK BBBNfrAW John Tbennebst Gbobgb Wish \ William GABtiNEB Chables Fbareb \ James Connoley B. K. Gclmne P. Q Caples Mathew Vyekb Fbank Hamilton Joseph £ilgoub 3ANKEBS : BANK OE NEW ZEALAND. SOLICITOB : JAMEiJLYiNCH,E,Q. f> BCBiiTABT : HENKY GEO. HANKIN. OBJECTS OF THE COMPANY. In submitting the proposed uadpviakiug for the approval! of the general public, end more especially I the inhabi'anf." of the district, whose interests must nei-ea-tvH? be directly benefited Iby the impulse given vo a farther development of the hidden wealth of the field, and as la sequence the increi>3*d circulation of caflital locally, the projectors have every confidence in its snecesafu 1 issue —which in the firlt place m.y be attributed j in aver) large de#se to the widely expm:;pd opinions of a vanity of experts— first i>mong whom may be mi ntioned the name of Dr. Hector, Oovernme it Mineralogist, &c. v.ho aays, that;'' the con traction of such a tunnel owinot fai\ to intei leot numerous golden and ; other valuable met llio lodes; the locilmin* erological product of the neighbourhood fully justifying the assumption of their exstence in well-defl jed strata at a depth obtainable by the pro] osed scheme." Secondly : By the immeasura ily superior advuutages of profitably working many lines o' veefnowin abeyance by leaeoi of the exceptionally high rates attending th 9 production oi otherwise payable stone by co npsniesof limited capital ; thirdly—from the fact of the Government recognising "at tle instance end recora* mendation of their Engineers "the importance and value of the w rk, as a means to a gre.-t public good, by'gue ranteeing a subsidy of £ for £ of capital subscribed by (be publicfacts that may be generally accepted 09 sfciong elements in suppoit of the bona Jidex, end decided ultimate success of the venture, in addition to whioh a further and liberal conn cession has been maoa in granting the company right to 600 feet in width on either side of (he . entire lengtn of the ■ roposed tunnel outside of vested interests, anp as nine distinct and separate lines of gadabepring reef (reverse the conipany's claim at a fight angle, or thereabouts, apart from 1 any others not visible, which by reasonablelnference may be met with, it may be far l .? oharao'renzcd as a highly promising speailutioo. A still further addition to the antieipted profits is represej* ted by a tariff on Haulage for other com* panics, estimated at,|»ay, 10 per cent ov«r working expenses. I There is a dhtHtioel of Ib.er-quartevs of a mile of uaoceup'cd llnd from the it.-iiijg point, through which I several of the Lnonrn lives of reef traverse. The company propoa > (0 diire a tu.inel A'om the right to the left hi nd biv.och of the I.i angahua river, a throi gb disbnee of some two and a-half miles, md (hereby intorseciing a perfect network f £old-be?iing reefs ; a number of which hat ) been partially worked 00 the surface only, ufc with payable results, which, on the ex:ei.':ion of the pros posed tunnel would bi at owe turned to profitable account, as many of them would be tapped at depths v m^inj n-om 1500 feet downwards from the microps, ensuring an unlimited supply of .go d bear! 13 ston?, which by a thus reduced «w» o> production ct'onot, in the opinion of tl c pvojectov?, frit (0 leave a very handsome voegm 01 pvoi/t, TheQ-olden Fleeca Eslc.cJcd Gold Mining Company, whose le>.e I. n fcbe riiojwsed line, are at pieseut v, i i;\; 6.'o)eiVoin tiis low level, 700 feel; bel< w tue o..vciv,>, C'ivii^ 1 the handsome retui'Q >f two cn.iccstto the ton, which is the beat et tlj.iit.iecl i'von the mine, and may be bee« [tied as iudicutire ot the accuracy of a vcy j)reva!eu,i opiuion " that the vichDe;=s of iuv quaitz loucs iucveasps with ibeir dep!l ," The maximum of Ci Us wi'. be O.e?eiijT •per shure per mouih, 11113 aUV'dir;* 8.1 opportunity to til cbi3ei of v»^virc',». .ic^ 'in the venture by the lie Luiioa ci' ]>.•>/.'{' 7 (0 a minimum. A lifteen-head bi. i ;a toi. 1 b: le yi> c cc; d immediately con.'^ao is to iiie It'anei's mouth, nvailabie id* da-'ul g p>7 &ione obtiined, 'As a mining specula' on, ii y e.f.->' ; C.' ~et and prospective ady rjlii^;--?" met with in kindred veniui », a« il'nb *[':u iv „be combination referred a , ami e.'U :'iKa : :er by recent statistics fuvnisied to (Lo New Zea» land Government, slio fing th. t XO3.ICSo .9. of gold, the yield of IS ,BiZ icas, ie >«3en(tng an average of 13 c irts. 19 grs., d: ucarly 14 dwts. per ton hive been Ou.Jhol by the various company's that havo bee *, and are at work on the lines of \t if pvoposed to be intersected. Taking the coney value per ton £2 12s Bd, a clear protft ot £1 6s. pe? ton can be secured, allowing the cost of production to be divided thus— cmsHing by waei power, 6s. per ton ; cost of : aisiug stone, 10s 6d, per ton ; wear, tear, m r>9geraent,find contingencies, 12s 6d. Tota , £1 7s 3d, leaving a balance of £1 6s to be divided as profit. In conclusion, the irojeotois with every confidence assert that 1 more genuine mining feature, and one pos essing the same ele« ments to achieve succe s has seldom, if ever, been put on the marke . PBOBPECTUSAND FORMS OF APPLICATIONS FOR SHARES TO BE OBTAINED FROM TME UNDERSIGNED. HENRY G£o! HANKIN, Secretary. CHAKLES fl. EDWAHDS, STOEEKHE PER Black's Point. OP THB DIRICT.