Page 3 Advertisements Column 4

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

PROSPECTUS OF THE TNAFGAHUA LOW* LEVEL TUNA NKL GOLD UUI^G COMPANY, LIMITED, EEEFION. CAPITAL .., *18.000 In 24000 Shares of 10s. EaMi. To be Eegtstbiied tjnpeethe PE«-.vr?ioN^ ov " Thb Mining Companies' Actj, 1872." Calls limited- to One Penny per Month, with a deposit of Two Pence per Mare on Application , PROVISIONAL DIBECIOItS. V. OBERT OXLISY PATRICK BbEJWAS .lOHN'iBTiNHBRY GKOBOB >V.IS« ' WIIHAM CtAKDNEE CHABtR^ * HAHBU U«ie? Connolly K. K. Gr'i^rNE *P. Q. CAPtBS JIATHEW rTKNE Ffii&BAMii.TON Jo^rrH Jv.ilgouji T?ANKFBI : BANK OV iNKW ZE.iLVKD. S'oliciT'E: t* JAMES LYSCU,E^ SrCBEtABYt ' OBJECTS OF THE COMPANY. In eubmitti.na tho propo-pfl undi-rtokirß for the npproval of the miner 1 public, uud move cspeciiiUy tlie i-ihwui'auta of tin* district, whogp intnes's i'iii-t ncLea-anh he directly beivfitwl hy the imiiuU.' given to a luri her development of the hidden wralih ol the field, and us a sequence- tlto inemissd civculntiou of capital jocaV'y, the projo.-tors have every confidence in its successl'itl is^ue —which in the fiet place mny he attributed in aver? liirg.; degree to the widely ax pressed opinions o! a variety of experts — first miibng whom limy be nifintioned ihe namo of Dr. ITeetor, Gorernnicnt Mineiolngist, &c. who says, ih;it. ( - the eonstru tion of such a tunnel c :'nuot fiii\ tv intersect numer<>u . golden .-nid other valuable me tullie lodV.B.J the locul uiiiierological ■product? of tho ; neighbourhood fully r justilyii>g the oisumptiou of ih-ir, exgtence in well-defined strn:a|it a depth obtuiriiible by the proposed schenft." iSecomily : By the iuimca-umbly superiofe pdvautageso:' prolliibly working many lhie^o»" wef now in siheyaiiKi by iOj-skh oi tlie cxefpiionaHv hi^h rates attending the r-rodueiion of otherwise I pnvahle- ston-j by companies ol limited c-piii'l ; I thirfHv— rom t-he ■ tact of bhe Oovevunieni rt'cogniting "nt tho imtanco and roi.-om-mendfttion of their Env'.ineers "the importance and valu^ of tlie work, as a means to a great public good, by Kiiumnteeiug a subsidy o! £ for£ o! capital subscribed 'by the pu'ilic— fucts that may be gciicrally Rfcepted usstiong uleuiputs ii: Mipport of the how. fides, and. decidi-d ultimate success oi the vvnlure, in yddition to which a fuiihci' ai.d liberal conn cession has been uuidv. in <;runtiu^ the co.up.my ri*ih t to COO feel in width on i-iOiei- side of the etTtirti lengtii o!" the proposed himvlouiside ot vested interests, and i>s nino cu'stinct unrj separuto lines of goUUbetmng reef traverse tho cotnjittiiy'u claim at a right angle, or thereabouts, apart from any oihovs not visible, winch by reasonable inference nvy bo y\ci with, it may be fairly characterized _ as a hislily promising epecutaiion. A still further udcMtion to the anticipated profits is represented by a tariff on huuluge tor other com. panics, estimated at, say, 10 per cent over voikmg expenses. There is a distance of three-quarters of a mild of unoccupied laud from ibe starting poiiit. through which several of the known lines of i3ef traverse, , * Tlih company propose to drive a tunnel from the right to the left hand branch of tlie Inan»nl'.ui riv«r, a through dUtunco of some two and a-half inili'v and thereby iuterseu!ing a perfect network ot; gold-bonring vceisj v nuiuber of which have been partially worked on the surface on'y, but with payable- results, which, on tho extension of the pro» posed tunnel would be at once turned to profitable account, os many of them would be tapped at depths ringing from 1500 feet downwards from (he outcrops, ensuring an unlimited supply of gold bearing stone, which by a thus n-clU'-ed cost oi' production cannot, in Ibe opinion of the proj- ctors, tail to leave v very handsome margin oi profit. The Golden Fleece intended Gold Mining Company, whose lease ia on the proposed lino, are at present raising stone from the low levi-1, 700 fret below the outcvop, giving the hand-ome return of two ouncts to ihu ion, which is the bist yet obraim'd Mom the mine, and may be accepted us indicative ol the accuracy of a very prevalent opiuion " that the ricbiv.ss of our quartz lodes increases with their depth." The maximum cf Calls will be One Penny per share per nionih, thus «jffoi-dmg .'in opportunity to all classes of participating in the venture by the limitation ot liability to v minimum. A ill teen-head stamper battery is erected iinnn diutily contiguous to ihe tunnel's mouth, available loi- crushing auy stone ' obtained. As a mining speculation, it pre enls direct and profpi-cli»;e advantages seldom met willi in knv 'rut vent me*, us illustrated bythe combination referral to, and 'Still furl her by lecent statistics iurnishfd to tho ftewZea. laud Government, showintr that Joß,lbßoz.>. ol g!i!d, the yield oi K>G,SG2 ions, representing an 'average of lSdwts l'J grs., or .nearly 14dwts. per ton liiivo been obtained by tho vuiioua company's that have been, and are at work on the lines of reef proposed to bo inleivecied. Taking the n.oney value per ton £2 12s «d, a cimi : profit ol ii ss. per ton can be secured, allowing the co;t of production to be, divided thu — crushing by wa er power, sa. per ton ; cost of raiding store, lO.s G'J, per ton ; wour, tear, uiJUKgi-niciit.und ccntin-. genciea. 12s 6d. Total, JKI 7* BJ. leaving a balance of £1 5s to be divided as profit. In conclusion, the projectors with every confidence assert that a more genuine mining venture, uud one possessing the same elements to'at'hieve success has seldom, if ever, beeu put on the market. PROSPECTUS AND FORMS OF APPLICATIONS FOE SHARES 10 BE OBTAINED FIIOM TEE UNDERSIGNED. HENRY GEa HAWKIN, Secretary- __ CHAIiLERTHT^PWAUijB, STOKEKEE P E 11 Black's Point. GOODS PACKED TO ALL PARTS OF THE DISTRICT,