Page 3 Advertisements Column 4

Inangahua Times, Volume II, Issue II, 10 November 1880, Page 3

PROS.PEOTU3 OP TJIK INAFGA'HTJA LOW LEVEL TUN KKL GOLD Mima COMPANY, LIMITED, KEEP TON. CAPITAL .., ... ' ... £12 00f In 24000 Share" of \Q*. Ka -h. TO BE REGISTERED -iJNBEUTHE Vn' VfIOTT! of " Tkb Minikg Companies' Acts 1872." Ca.'h' limited to Cue Penny per HJontti ■with a deposit of Two Pence per Share on Application PROVISIONAL I) IBEQIOTSS. Robert Oxikt Patijick Brennan •TOHN TRENNEKY GICOItGR VVisi? William Gaednek CnAiir-Jss Fk\sbb Jamijs Conkollt K. K. Gplline P. Q Cat?i.t!s MathewJ'thne Fra.nk Hamilton Juseph liiLGoun 'Sankeb'! : BANK OF'-NKW-ZEALiND. tSoiilClTon : JAMES LY.NOH.E'Q. MANAGEn: GEORGE WJSE. . In eubmittinet the propoaea Unaei'talimj* /or (ho upproviil of ibe gcnenil public, and more especially tho inhabitants of the disfrior, %vhosi! inti-res's munt neceaiarily be directly benffited by the impulse given t5 a (ui-lhrr development of the hidden wnalth of the field, and us a sequence the increased circulation of capital focal y* the projectorshave every confidence in its successful issue — which in the fii'at, place may bo attributed in averi large degree to tho widely expressed opinions of a variety of experts — flvst among whom may be mentioned the namo of Dit. Hector, Gorerhment Minerologiat, &c. who says, that" the construction of such a tunnel c-nnot foil to intersect numerou< golden and other valuable metallic lodes;* the local minx erological products of tho neighbourhood fully justifying f lie .assumption of ihi'ir exsfoitco in welt-dtfiued strain, at a depth obtainnbleby the proposed scheme." Secondly : I3y the immeasurably superior »dr.iutoges of profitably working many lines o f reef now in abeyance bv ioksoii ot the exceptional! v hi^h rates attending tho production of otherwise pityuble ttone by companies of limited capital ; thirdly — torn tho fact of the Governvnoul reco^niting "at the instance and reeom* mendmion of their Engineers " tho itnport.itice and value of t tie work, a3 a means to a gre.jt public good, bv guaranteeing a subsidy of£ for £ of cupiiul subscribed by the public — facts that liiny be generally arcepted asstiong elements in .support of the boua fides, and decided ultimate success 01 the venture, in addition to which n further and liberal cons cession has been made in granting thecoiTipjny right to GOO foot in width on either eide ot the entire lengtli of llie proposed tuunel outside of vested interests, and as nino distinct and separate lines # of golrUbeaving veef tr.iverse the company's claim at a ri^h.fc angle, or thereabouts, apart from any 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 the untk-ipated profits is represented by a tariff on haulage for other conn panics, estimated at, say, 10 per cent over woiking expenses. There is a distance of three-quarters of » mile ol unoccupied land ircm the shirting point, through which several of the known lines ol reef travtsive. ' -' >; Tho.eoir.pa'iy propo?e to rlrive n tunnel from, the right to thu but. hand branch of the In* angahu'i river, a through distance of eome two and a-half miles, and thereby intersecting a perfect network of gold-bearing reefs ; a number of which Have be<ui partially worked on tho surface on'.y, but with payable results, which, on 1 In* txti'Ksion of Iho pro» posed tunnel would be at once turned feo profitable account, :> b many of them would lie lapped at depths ranging from 1500 feet downwards Iroin the outcrops, ensuring an unlimited supply of gold bwmr.g stone, which by a thus reduced cost, of production cannot, in the opinion of tho projectors, fail to leavo a very bnndsome margin of profit 1 The Golden I'lecce Extended Gold Mining Company, whose lease is on the proposed lice, arc at present raising stone from the lojv level, 700 feet below the outcrop, giving the handsome return of two ouhcbb to the ton, which is the best yet ob'uined from the mine, and may be accepted us indicative ol the accuracy of a very provident opinion *' that tho richness of our quartz lodes increases with their depth." The maximum of Calls will bo One Penny per share per month, thus affording an opportunity to all classes of participating in the venture by the limitation of liability to a minimum. A ii.'ieen-head stamper battery 13 erected immediately contiguous to ths tunnel's mouth, available lor crushing any stone obtained. Aa a mining speculation, ifc presents direct and prospective advantages seldom met with in kinr'reci ventures, ti6 illustrated by the combination referred to, and still, further by recent fiuiistica furnished to the New Zea« land Government, showing that 108,1880z9. of gold, the yield of 156,802 long, representing an average of 13dwis 19 grs., or nearly 14 clwtß. per ton have beon obtained by the various company's that huvd been, and are at work on the lines of reef proposed to bo iuleivccted. Taking the Uiouey value per ton £2 12* Bi.l, a ckar profit oi £1 ss. per ton can be secured, allowing the cost of production to bo divided thufs^CKUshing .., by wai«£ power, ss. per ton j cost of." raising stone, 10s 6d, per ton j wear, tear, management, and contingencies, 12s Od. Total, kl 7s Bd. leaving a balance of £1 5s to bo divided as profit. In conclusion, the projectors with every confidence assert that a more genuine coinin" venture, and_ one possessing the same elements to achieve success has seldom, if over, been put on the market. PROSPECTUS AND FORMS OV APPLICATIONS FOR SHARES TO, BE OBTAINED FROM THE UNDERSIGNED. . V}LX>±(GE WISE, Manager. OttAKLEiS H. EDWAttUs", STOEEKEE P E R Black's Point. GOODS PACKED TO ALL "PARTS OF THE DISTRICT.