Page 3 Advertisements Column 4

Inangahua Times, Volume II, Issue II, 8 October 1880, Page 3

PROSPECTUS tlj TH3 INAFGAHUA LOW LEVEL TUNNEL GOLI' MISLNG COMPANY, LIMITED, KEEFrON. CAPITAL £12,000 In 24000 Shar !S of 10s. Eajh. To be Registered \ ndeb the Pb vpions of " The Mm: .no Companies' Act*, 1872." ___ Calls limited to Q\ie P envy per "Month, uith a deposit of Two Pence per Share on Ap\ ilication PROVISIONAL DIRECIORB. ROBEET OXIEY PATRICK BRENNAN John '{"hennery George v\isb William Gardneb Charle* Friseb James Connolly K. B. Gulline T Q CAPLES MATHEW i'YRNE Frank Hamilton Joseph K.lgoub Banker* : BAFK OF JSJ W ZEALVND. SoLICITnR : JAMES LY.SCU.Emj. SeCBETARY : HENEY Gl|(3. HANICIN. OBJECTS OF THE COMPANY. In eubmitling the! proposed undertaking for the approval ofkbe general public and more especially th{ inhabuants of the distroS whose ir.terel's must necessarily be directly beneflted by the impulse gi»entoß further development >f the hidden wealth of the field, and as a sequence -he increased circulation of capita loialy, tha prmocton have every conOdem b in it* successful u«u« —which in the fi-st lace may be attributed in a yen large degret to the widely expressed opinions of a variety of experts— first among whom may be men< oned the name of Dr. Hector, Government Minerologiat, &c. who say?, that" the consti rtion ofsueh a tunnel ennot fai\ to interse t numerou- golden and other valuable mftall c lod.s ; the local mm. erological products »f the neighbourhood fully justilying i lie a »suuiption of ihir exstence in well-define 1 strata at a dep'.h obtainable by the propos id .scheme." Secondly : By th<s immeas-urablj superior advantages of protilably working n my line? of reef now in abeyance by leason o tho exceptionally high rates attending the ] rodudion of otherwise pnvable etone by co:v.\ miesof limited Ciipital ; thin'h— 'rom the k3t of the Government recognising "at the! instance and recommendation of their Engineers " the importance and value of the workl as a mean* to a great public good, by guaranteeing a subsidy ol £ for £ of cupitttl subsJribed by the public— f icts that may be genarally accepted as stiong elements in support *f the bona fides, and decided ultimate suobess ot the venture, in addition to which a further and liberal con« cession has been omde tti granting the company right to 600 feet in witfth on either side ot the entire length of tbe prctoused tunnel outside of vested interests, and Jas nine distinct and separate lines of goldlbearing reef tr .verse the company's claim atk right angle, or thereabouts, apart from afcy others not visible, which by reasonable inference may bo met with, it may be fairlY characterized as a highly promising speculation. A still further addition to tbe anticipated profits is represented by a tariff on hadiage ior other com« panics, estimated at, eiy, 10 per cent ovsr wotkmg expenses. I There is a distance of three-quarters of a mile ol unoccupied laul from the starting point, through which slventl ot tbe known lines of rsel" traverse. I The company propose to drive a tunnel from the right to the left hand" brunch of tlie Inanguhui river, a througiij distance of some two and a-half miles, and thereby intersecting a perfect network of jgold-bearing reel's; a number of which have bfee-; •■•artially worked on the surface on'y, but! wiiii payable results, whiob, on t!:« exieii^on of tbe pro» po=ed tunnel would be alt once turned to profitable nccount, os majtiy of them would be tupped ai. deaths ringing from 1500 (eet downwards Iroin the cutrrops, ensuring an unlimited supply of gold Hearing stone, which by, a thus reduced cost oflproCii.ction cannot, in the opinion of the Iprcjectors, fail to leave a very handsome nmrgiu of profit. The Golden Fleece Extended Gold Mining Compnny> who.->e lease is on the piopsed line, are ut present raisinf stone from the loir level, 700 fret below tie outcrop, giving tbe handfome return of two our.cts to the ton, which ia the best yet dbtitined from the mine, uud may be accepted! as indicative oi the uccuracy of a very prevalent opinion " that the richness of our quart z lodes increases with their depth." j The maximum of Calls null be One Penny per share per monb, thus juffording an opportunity to all classes of (participating in the venture by tbe litni.atiou of liability to a minimum. ' I A lifteen-he ad stamper bpttery is erected imnndiattly contiguous ti tiio tunnel's nioutb, available lor crusting any etons obtained. I As a mining speculation, il pro ent s direct pnd prospective advantages seldom met with iv kin: red ventures', as illustrated by the combination rdemd to, and I still further by recent statistics furnished to the New Zd«. land Government, showing that 108.1880z3. ot gold, the yield ot 156,362 lout, representing an average of 13uvvis 10 gis., or nearly ldidwts per ton have been [obtained by the various company's lliut havelbeen, and ure at work on the lines ot retf pro >osed to be intersected. Taking the a.oni y vulue per ion £2 12< Bd, a char profit of £ sa. per ton can be secured, allowing tho eo^t f production to be divided thu.-— crushing I y wa er power, os. per ton ; cost of raising sfoce, 10s 6d, per ton ; wenr, tear, miuagtm ent, aud contingencies. 12s 6a. Total, £1 s Bd, leaving a balance of £1 5s to be dividt 1 as profit. In conclusion, the project »rs wilh every confidence assert that a more genuine oiiuing venture, aud one possessing the same elements to achieve success has seldom, if ever, teen put ou the market. - PROSPECTUS AND FORMS OF APPLICATIONS FOR SHARES '10 BE OBTAINED FROM TEE UNDERSIGNED. HENRY GEO. HANKIN, Secretary . CH&LES fl. Jfi] rVVAKUS, t STOREKEE PER Black's Poi it. aooDS PACKED TO ALL PARTS OF THE PIHIOT.