Page 3 Advertisements Column 4

Inangahua Times, Volume II, Issue II, 27 October 1880, Page 3

PROSPECTUS OF THE INAFGAHUA LOW LKVKL TUNKKL GOLD MINING COMPANY, LhUITKD, llttEFl'OS. it CAPITAL £12-OCO In 21000 Shares of 10s. Ea.'h. T TO BE T?ECTSTEnED TTNDEH int! Pb' Vr-IOK* of " The Mining Companies' Acts. 1b73." _ Calls limited to Cne IP envy per IMontli. with a d<po-:i t of Two Pence per Share J en Application PROVISIONAL B JRECI O Z?S. I'OBBKT OxIF.Y . PaTHICK I'jIXNNAX .ToilN 'i'UENKKIiY Gr.OItGE Wwj WILUAM C^AiiDNER CllAnr,^" FtM-MIR '■ .lasl'> Connolly ]J. K. GuLLrxtc V. Q Cap),!-;-! Mathtcw txuxv. Fkamt Hamilton .!os;;fh (Ir.GOuu L'ankkh-' : E A K K OP IS : li-W ZEAL V NX). Solicit >r : , JAMES LYJCH.E'Q. f^r.CK'.-.TAV.T : HENIJY GKU. ILAXEIX. OBJRCTS OP THE COMPANY. In Mihmitlii'2 'ho piopo-ed und-rtakii's; for the approval of tbe «ene.'al public, mid more e.*ppi!ia',ly the inhabiiants of the district, whose int.. res's mu>t neces s «n-dy '<■ ' directly beni'lll-:'d by the imnuls? given to a lur;her devi-lo[unent oi the hidden wnahh o! J the field, and- i:a a trquence the inercas":! circulation of capital loc^ly, the proji-etor.i have every corli.lem-e in its sticnossfid js-ue —which in the ii:-st phn-e may be at iribu^ed 7 in aver« large decree to the widely expressed r opinion? o!' a variety of ■ eXjK'i-ls — first n-jiong whom ni.-iy be mentioned the naino ot Dr. Hector, Govern nun t Minerologist, &c. wli.< 1 say?, th;it" the constru-tion of such alunnel ; c-'nnot i'aW to intersect numerou golden and » other Viilunble metallic lodi-s ; the loci mm- : erolojiic-d products of the neighbourhood (ul ; y justifying the assumption ot ihiii 1 ex- ■ slenee m well- defined St.. i'a at il depth obtiiiniib'e by the proposed schiinc" Secondly: i By (he immea^ui-ably supeiior odvaniaresp! , profitably working many lines o»' reef now in abeyance by leson ot tiio excep'.ionallv lnuh rates attending the production oi othevvvi-e ' psn'able stone by nonip.miesot liui'ted capital ; thi'nily— rom tbu iact of the Goveni.iienr vi't'ognifcinnr •■ a t the inst mcc and i<k-oiii-inendalio!)' of t'.-.eir Engineers" the impo. l.mcc and value o ! tho work, us a means to a gre.ir public »oocl, by "un'-a'itceing a subsidy ol £ for £ of t-ui)i!.il subfcibed by the pu'ilic— f..ct3 that m.ty w geni'ialiy Qiceplcdn* strong elements in >ii;i;>urt of thu lota fula, mnl decided ulrimai'e suras^ ottlio v.miUi c. in addition to which a furtb rand lib.l'iil cons cession hiis been made in granting I be i.-o.np .ny right to dOO ieet in v.-idtii on either side oi ( lit eimre length of th- propped tunnel ouiside or vested intnvt-i?, and us nine ui?tinct n ;rj separi.to lines of »old-be.!iing reef tr.veise the company's claim at a ryht angle, or tlierenboiitr", apart iioiu any otheis not vUible, which by reasonable inle'rcnee niuy bo met with, it liMy be fairly characterized ns a highly promising speculation. A slill fui tiler addition lo the nuticipated profits is represented by a tariff on haulage lor other corn, panics, estimated at, cay, 10 per icnt over working expense?. 'i'here is a di-tance of threr-quartevs of a mile ol unnccit. '!<■■.! Innd irom the shying point, through which •several of the Lnowu lines of v;ef iriiver;B, The cninpavy pfOjio-e to drive a tunnel from the l'iijht to the lel't bund branch of the luanuahii i river, a lluougli di-tuit-e of tO'iie two and a-lndf mili-s, and thereby inler.veiing a prrfect ictwoik of <;old-iieiiriiif; v< -i-vs : a uuiiiber of whicli hivo been parludly worked on (lie surface oiry, but with payable nsulls, which, oi tlm txti'iinion oi' tho proh posed titniu'l wmdd be at ouca turnc.l to prcliiable aeconui, os niany ol' them woahi tie lapped at depths rin^'S Irom 1 50 D feei dowiiwai-iis irom the oiiii-ro^.*, ensuring nr unlimited supply of &o!d braiii.g sioni-, wideh by a thus redm-ed co.-t ot production (-atmol. in tl io opinion of the proj-'ctor?, l.ul U leave v very hiHßNomo margin ot profit. The Goldi'ii 1-lecee ]ixtend"d Gold Mining Company, wlio>e lease is on the-piop-'sed Hue, me ut piesent raiMua; srene Irom I lie lo<v li-vid, 700 liet below L ho outcrop, giving the lnmd-ome return of two ouix'ts to the ion, which is the bist yet obtained iroai the mine, and may Da accepted as indicative o^ the ut-L'UViicy of n \ct-y prevahnt ouiuion " that the l'iohrn'ss of our quartz lodes increases with tlieL' dejilh." The maximum cf Calls will be One Penny per share per inondi, thus uli'ording au ojiport unity to all classes of part icip. ding in the venture by the liiuiiutiou of liabiiiiy to a miniiuuin. A lii'iecii— liend stanipei' batlcry is erected iinnn di;.tily e<.m:iguous to tlie tunuet's mou'ili, available Jor crushing any slou: 1 obtained. As a mining specn'a- ion, it precnts direct and pivspi-olive nd\!inia^es seldom me? with iv k<u Ten venture.-', as illustrated by the combination rdorrvd to, aval still luribor b> leeent statistics furnished to the NowZ-u-. land Uovvrnnimt, showing th-.it 103.1t'Soz.-. oi gold, the yield o! liJ6,Bu'2 tons, representing an aver;.ga of 13dwis 19gis., or nejrl 1 l'idwla per ton l.uve been oumi e-J. by th'j vaiiuus eom|nu:y's timt have been, and are nt wuik on the lines oi ret f proposed to he in-ler-ceted. Tak.n,' tlie rroney value per ton ii'Z 12- BJ, a t'itur lnulit oi i."l ss. per ton can bo secured, allowing I lie co.-t of prodiiutKiiJ to be divided tlni — tiushi.g by wa er power. Ss. per ton ; co.-t ot r;.i.-mg stoi'e. 10s (i.i, p-.M 1 ton ; we.-r, tei'i 1 , m ii:ag<-uieiit,and cenliii"liiicies. 12s (jd. Total, i:\ 7* Sd. leaving a bal.iiice oi iil 03 lo bo divided as pi-olir. Iv conehisioji, the pi-ojv-etors wrh every coniidiiice, asberi tKat a more genuine udiiiu^. vdvuire, ii nd one po».«»'Bsirig the same eieuicms to tirhiovs sue ess has seklom, if ever-, I. ecu put on lhe market. PROSPECTUS AND FORMS Ol APPLICATIONS FOR SHARES 'JO BE OBTAINED FliOM THE USDEIiSIGNED. HENRY GiiiO. HANKIN, Secretary. CHAilLii sTli. i-.DWA.LI OS, STOEEIEB PER Black's Point. GOODS PACKED TO ALL PARTS OP THE DISTRICT.