Page 3 Advertisements Column 3

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

PROSPECTUS OF THE INANGAHUA LOW LEVEL TUNNIL COLD HI I VINO" COM-. PAM r , LIMITED, REEF I'O N. CAPITAL .„ £12000 In 24000 Sii >res of 10s. Ea.-b. To be RreisTrvi-rD undekthe Pik vision**--of " The Misij:g'Comp_si_s' Act". 1872." Calls limited io One Penary per "Month, with a deposit of Two Pence per Share on Application PROVISIONAL DIFECIO.ZB. POBEET OxT.EY ■ pATIITCE 1-!*'"XNAK •Joax Te'f.n*sec._ Cioi?«e Wi<b WiLtiAM Gaiidneh Charl'-s F«-\t*.ll J ami;- Connolly R. ft. Gclline P. Q CAI'LUs MaTHEW I TUNE Fuamk Haiih.ion Jo.-hj?h K'icoua Tanei.'l--! : "EA^K OF NEW ZEALAND. Solicit- k: JAME^LYiN'CH.E-q. VaXAGK:: GEOi.'GiC ...W:SE. : OBIECTS OT» THE COMPANYIn -pubniitiit'd ibe proposed. '■undertul'irg for the up|>rova'l of the »encral public, uttd moi'e cpcciallV the itilitibiiants of tbe. d«'-lr'ct, vvh.iJtv intevess hunt net'ee-tirily be j dirpclly boiir(Hi»d by the inn-tiUe given to a [.f-iriher: development of the ii'dden wealtbof" j (be field, and. aa a sequence the- in'ci'eas'id I oircuhiticn of capital loeahy, the projectors have every conlidence ia iU success'ul is-ue I — which iv the fli-st place may be atinbuied iv aver? l.ivge de>-tee to the wide'y expressed opinions of a variel.v of expevt*— first among whom may be mentioned the naino of Dr. Hector, Government Minerologisr, &c. who savf^ihai' 1 tbe construction ofsUch a innnel c-i'nnpt f-_i\ to intersect numeroii-< go'deu tuul oilier valuable metallic lodes-; the- local miuserolo»ical products of the neigbbr.urliood iully justifying .he assumption ol t'm ir eieieiice in welt-dcGncd strain at a depth ob-taiuab-e-'by the proposed scheme." Secondly : By the immeasurably superior edvanta-csol protiiably woiking many lines of reef now in abeyance by ie- son oi tin? exceplionidlv bi^b rates, atten'dinjj; the protluciion of otherwise payable sione by companies oi linvted c ipiial ; tbfic'lv — rom. tlio liict of the (Jovui'tiotoni rpt'om'ii-ing "at iho iiislance and reenn^ mendalioirof tlieir En;ii)iecrs " the irUitOitauce and value oi' vie work, im a means to a great public good, by gu»'iii!t r, e!i:ig a subsidy of £ lbr£ of canii.il subscribed by the publicfacts that UhV be generally accepted nasl.ong elements iv eucport of the 10-ia fides, and decided ultimate success oi the .venture, in addition to which a further and libn'-l con« cessiou has been made ingruntiug the company right to COO fret in width ou either side ol' ihe enl ire lengtli of thfi proposed tunnel ottiside of vested interest!*, and as nine distinct and separate lines of gpld-betitiug'rcef traverse the coir>p;niy'f] claim at a right angle, or thereabouts, apart from auy otheis not^ visible, which by reasonable inference may bo met with, it may be frit-ly characterize:! a? i,.. hi.lily promising speculation. A still fuvth?*?' addilion to tbe anlic-jtyited profits is represented by a taritT on haula^J foe other rom. panics, estimated at, cay, 10 pel- cetifc : over v/oikng expenses There ia a di-tance of three-quartera of a mila of utiocoupied land Jr.om tbe sttiriing point, through which several of the' known lines ofuef Iraveivo, ' The company propose to drive a tunnel from the right to the lelt band branch of the Inangabui river, a through distance of some two aud a-half mile?, and thereby ing a perfect network of gold-bearing; rcei? j a nuntber of which have been parliulk worked on tbe surface on'y, but with payab'e results, which, ou tim extenaion of tho pro* po?cd I nnnel would be at once turned to profitable account, as many of (hem would ■be tapped at deutb-s ranj-dng Horn laOt) icei downwards iroin tho ouicrop?, ensuring an unlimited supply of gold-brariiigstijne, whioh by a thus reduced co.-t of prcduetion cannot, iv tbe opinion of the projectors, Jail to leavo a very bi'tidome matgiu ot pt'olit, The Golden 1 lecce Exteuded -fold hieing Company, wlio-e lease is on the proposed li iic, me at pieseut ra-tiug srone irom the lo.v level, 700 t'cvt below tlio outcrop, giving tlio bwnd-ome iciurn of two oimcss to Ihe lot.', which is the best yet obtained Jrotn tbe mine, uud may be accepted a3 judicative ol the accuracy of a very prevalent' opinion " that tho richness of our quartz lodes increases with their depth." The maximum of Oalls will be Olio Penny per slurs per mondi, thus affording an opportunity to all classes of participating in the venture by tbe limiiation of liabilily to a minimum. A iKiecu-kead stamper battery is erected immediately con: Quoits to (he tuenct's itiouili, available ior crushing any stone obtaiued. As a mining spccuhi'ion, it pre enl s direct and prospective advantages seldom met with iv km 'red ventures, us illustrated by the combination referred to, and still further by leeent statistics furnished to the New Zea« laud Govei-n_ir*it., -showing that lOS,lßßozs. of gold, the yield ot 136,862 tons, represeuting an average of 13dwts 19 gva., or nearly 14 dwU. por ton I avo been ootni-ied by ibe various company's' l'<«t have been,. and are at work on the lines of reef proposed to be iu-lei\-ected. Taking the money value per ton £2 12* Bel, a char profit ot £1 ss.. per ton can be secured, allowing tlte cost of production to be divided thu- — duelling .by wa er power, os. pee ton ; cost of raising atone, 10a Gd, per ton ; wear, tear, management', and contingencies, 12s 6d. Total, £1 7t Bd, leaving a balance of £1 5s to be divided as profit. . In conelu9iou, the projectors with every confidence assert that a more genuine raining venture, aud one possessing the same elements lo achieve success h«3 seldom, if ever, been put on the- market. PROSPECTUS AND FOBMS OF APPLICATIONS FOR BMASJSS 'JO BE OBTAINED FROM THE UNDERSIGNED. GEORGE WISE, Manager; OHAK__l_3 H. iiDWAUOs", STOREKEEPER Black's Point. GOODS PACKED TO ALL PARTS OE TIIE DISTRICT.