Page 3 Advertisements Column 5

Inangahua Times, Volume II, Issue II, 15 November 1880, Page 3

PROSPECTUS TNANGAniI A LOW LEVEL TIAN' i I. XL GOLD MIXING- COUPAIn'Y, LUI-TKD, KEEFTOM. i _ CAPITAL ••*. £1200 C Iv 210.0 Share s of 10s. Ea -h. TO LREKG^TEnri) 7XDBRTHE Vr- rrsioKcr "Tub ..li.m.vo ConrAxiKs' Acxs 187_." . Cells Vmifvl to Cr.e Penny per Month 'icilhadcjusiiof Tvo Pence per Share ' on Appi'rcrl.'jii PRO VISI O.NdLD IRECI ORS. IJOBKBT OST.ET J'a.MCK JJIMJXKAX .lousfTr._K:.-K!;Y G:.okgb \\ua William (iAt:r>XEU Chabi.e-« I-i:.^eb Jam-. Co.'-sol^y K- '- Gci.trxE J'.O CAVLK* iMAXnEW I : THKB Fjia:.k Hamilton Jo>t:rn Ivilcddb '•BAMv O^KKiv'.ZEAL-VND. Sot.iciTon * . JAJIK^ LYNCH, E*q. GJ.Of.yl- WISS. OBJECTS OP '1 iI E COMPANY. In submitihur tho propo-cd und -it il.i- g for the nm*r val ol t'-.e .cucml pub'h*. vud moro csiH-cta.iv the inhabitants of the di^lrict, whose int rcs'9 inu*t ne.es-r.rily be directly benefited by the impulse given to a further development of the hidden wealth of Ihe field, and as a .rqutmec' the- increased circulation of c-apital loe.d«y s tha projectors have every coulidrn.e in its successful issue --which in the ii-st place may be attributed in aver? large dc2-.ee to the widely expressed opinions of a variety of exports— first among whom ui.y be mentioned the nam o of Di: Hector, Government Mine.ologlst, eec who says, that" the coTistrii'tion ofsuoh a tunnel CMinot fail to intersect nuuu roir golden and oiher vduable metallic lod.s; the local inm> erologieal products of tiie nei.L'hb.iurhood fully "justi.jing <he assumption of ih-.i. exslei.ee in welW defined strata at a depth obtainab'o by the proposed scheme." .Secondly : By the immeasurably sui-eiior odvnniages ol prolitubly worliug m.my lines o«'_reef now in abcyanco by ictson oi tbe eseepdoually high rates attending the production of otherwise pa-va.le stou'j by coinpauiesot limited capital ; thirdlv-- .oui the laet of the Government ncogniting "at liie in.i nice and re com.nieud.ilioii°or their En^ineeis " the impoi lance and vulue of tlie work, as a meuns fo a grc. t publio good, by guai-aiiiet-iiig a subsidy of £ forli of cjpihd Mib.-cribed by t'no public— f.cla ihat may be generally accepted asstioug elements in tufjport of iho houa fides, nnd decided idltma^ success ot the venture, in addition to which a further and libtral eon., cession has been made .in grant ing 1 he tojipuny i ie,!>t to (100 f«et in -width on either side ot the entire lcngtliof the proposed iumv-'l outside, of vested in t crest., and as nine di-tinct anO sepantto lines Of gold-bearing reef huycrse (he comp.iuv's claim ata right nngh', or thereabouts, apart horn any -other- not visible. -hieh by icasouabi. im'erenco miy bo met with, it iii;iy bo fairly char.iclerized a.» a hi.hly promising specul.ition. A Mill fuithor adc-tioti to tho anticipated proiiis is represented by a lai-hT on liaulagw tor other com» panics, estimated at, say., 10 per cent over working expenses .. 'J.'hcro is a di-tanee of llirec-quarters of a mile ol unoccupied land In. m ihe st.-.rting point, through 'which several of the luiowu lines oft.ef traverse. 'iho company propose to drive a tunnel from the right to the left hand branch of the Inaiigahun river, a through dht; meo of some two aud a-half miles, and thereby mtei.ee;ing a perfect net work of gold-bearing reefs ; a number of which have been partially worked on Ihe surfaco on'y, but with payable results, whioh, ou tlm extension ot" (he pro*, pored tunnel would be at mice luniel to proJilalile account, as many of them would l.c tapped at depths ranging from 1500 ieet downwards from the cuiernp-, insuring jin unlimited supply of gold- h L ;i ring stone, which by a thus no. u ecd co^t of prcduction cannot, in tho opinion of the projectors, fail tc leave a very handioinc margin of proiii, The Golden lleecc Intended Gold Aiming Company, who ; e lease is en the pi op -scd line, nre at present raising stone Irom tiu lo.v level, 700 int. below the outcrop, giving tho liimdsonio ivitu-n of two ounc:sio i he ton, which is the best yet obluiueil from the i mine, nnd may -fco accepted a» indicative o the accuracy of a very prevalent opinioi '' that the richness of cur quartz lodes increases with then- depth." 'Jhe -liaximum cf Calls will be One Pennj per .bare per inon.li, thus affording an opportunity to nil dulses of participating ii tho venture by the limilatiou of liabilily ti a minimum.A lifleoii-hcad stamper battery is crectei imnudiately contiguous to (ho tnuncl'i mouth, available lor crushing any stou; obtained. .. As a mining spccuhiliuii, it pre cuts direc and prospective advuulages seldom me wiih iv -in. rru ventures, as illustrated by tiu combination referred to, and stilt further lr recent .l_lisli_. furnished, lo the New Z.a land Goyeruraetir, showing that 105.1.50.s of gold, the yield of 1JG,5152 lons, representing an iiv-iMgo cf 13(.Uvis 19 grs., or ne.irl; 14dwtfl. pel' ton l-.avo been obtaiucd by lh various compony's tlu.t hare been, and arc a work on the lines of reef proposed to be iulerseeled. Taking the money vaiue per toi £_ 12s Sd, a char prolit ol £1 ds. jn-r ton ca> be (secured, allowing the cost of production t< be divided thu ; — critehing by wa cr powei ss. per ton ; cost of raising stove, 10s Gd per lon ; we.r, tear, m irnigi-ment, titid ccuiii;gencies, l_s tid. 'Xotai, i.t 1< Bd. leaving balance of £1 5s to be divided ao prolit. In conclusion, Ihe projectors wiih ever confidence assert that a mor. genuine mmm venture, nud ono p. .-casing t'no same eh ments lo ne hit. 3 suo.es. has seLlom, if eve: been put on ihe market. PROSPECTUS AND FORMS O. APPLICATIONS FOR SHARE r lO BE OBTAINED FIWM TIL UNDERSIGNED. _.:o_.gi_ WISE, I'.iacnye.r. CHAL_L'I_S 11. J_D\VA UDS AS T O B 3KEB P E II lll.eVs Poiut. 'GOODS PACKED TO ALL PART OF TEE DISTRICT-