Page 3 Advertisements Column 5

Inangahua Times, Volume II, Issue II, 24 November 1880, Page 3

FRDSPEPTUS OF THKf' INAFGAHUA LO^ LEVEL TOSKFL GOLD MIXING COMPANY, limxt/d, eeeftox tJAMTAL ..f~~. £12000 IuSIOOO SShies of 10s. Ea.b. TO BB T?EGISTERKD TTSDER THE Pb Vt-lIJ» a or " The Misisg CoMPiMt*' Act.*, 1872." \ Calls limited to hne Penny per Month. Kith a deposit of 'Xwo Pence per SHa re on Application PROVISIONAL DIREOIGSS. IJobert O.NtKY I Patrick Esenuan •John Trenksky. J Geobgb Wisb W-IM.UM (UllDNEfe CIIABLK^ FIIVSEB .f\SII« CoKNOLLYI V\. K. Gr'LLrNE P.Q, Capl'es I Mat hew I'yrne FfiANK lIAMTLTOTii Jt»EPH K'.LGOOR BANE OF fIKW ZEAL\ND. Sf\,!CIT -E : JAMES L¥> C», E^. Maiwokr •- GEOKGB" WISE. OBJECTS OF IWE COMPANY. In submittirfg the oposed undt-rtalsirp for the approval of tin general public, Hnd inoi-n especially the. inh'ibitauts of tlicdi<tript, whos« iuVrea'a must newe*arily dtrpftiy benefited by th« impnW gi*en to a fun hor development of 1 he hidden nmaltli ol thefi-ld, and -a» n «c( .lenire tbe increased circulation of capital 1 ?&)?■ the prcjet-tors have every contiden'.e i 1 its successrul is«ne —which in the fi.-st ph c may be attributed in aver* in-g« degree t the widely expressed opinions ol a variety b experts— first asi-ong whom may be mentio- ed the name of Dr. Hector, Ocrernmrnt 5 inerologist, &c. who cay?, that I ' the constru ton of such n tutni^l c miot faiH.<i intef-pce numeruu* golden and other valuable mr f allic odi s ; the local min•eroloL'ieal products of tlie iieighbottrjiood fully justifying th« aisv "nption of ihiir exstence in Avell-di fined m* a at a depth obta in:«b'e by the propped ohpiue." Secondly : By the immeasurably eibeiior sdvantagesof protliably working many lines o' reef now in abeyance by ie;son of p excepiionaliv high rates attending the production of otherwise j pavwl'le «ton« by fiompaniijs ol limited citpitul ; thiirilj —from the tact of the Govemuicnt reeogtiiting "at the inmauce and reco-n* mendation of their Ensiniei's " the importance and vnlu*"-of 11.0 work, a^ a mean* to a grout pultlic good, by gua"rß»ite*sng'. a subsidy 0! £ for £ of capital eubjeriied by the pubiiu— fttrts that nn>y be generfliy acceplfd osstiong elements in support of the bona fides, and decided ultimate sue<*e? ot tlie veuluve, in itdiiition'.to which a fft»lhtr and liberal con» cession has been made In granting the company riill>t to 000 feet in willth on either side ot the entire leiigtlj of th« pfoposcd tunnel outside of vested interests, ana aa nine riutinct and se|>ar»to lines of grid-bearing reef traverse the company's claimfat ft riglit angle, or ihereabont*. apart fronf- any others not visible, which by reasonably infereneo may be met with, it inny be fiir'y characterized as a highly promising sJscalalion. A still fuither addition to the anticipated profits is reprcseuted by a tariff od haulage tor other com* panics, estimated ft, say, '.lo per cent over winking expenses, i "..._ There is a distance of three-quarters of a mild otuaoccupiel land frcm me starting point, through whK'h 6ever«l of the known lines ofvsaf tr&vetjsc.' Tlip company propose to drive a ttmnel from the right to the left hand branch of the Inungnliua river, a Uirough di*tnnee of fome two and a-half m«le«, and thereby interscciing a perfect nelyiork of gold-btaring reefs; a number of -whiei have been partially worked on the" f uWaee oily, but with payable tcgulta, whioli, onlt|ie titension" of the pro* posed tunnel vrgi d be ot once turbed to profitable "nccom t,.»* mni)y of them woald be tapped at dot. hs runging from 1500 (eer downwards iroin the curt-rops, ensuring an unlimited supply of gold bearing stone, which by a thin redU'se cost of production cannot, in tho opinion if the proj- -cwrt, toil to leave a very han< some margin 01 profit. The Golden. Fleece Extended Gold Mining Company, whpe haae is ou the proposed >me, arext jweaent .raising , stone from the lojv Kvil, 700 fee« below llm ofltcrop, giving the hand>ome relurn of two cutsets to ihe ton, which is the "best yet obtained from the mine, and may be accepted as indicative 0! tho uccuracy of p very prevalent opiuion ■' that the richness of our quartz lodes increases with their/depth." , The maximnrrf of Culls will be One Penny per share per uJon'h, thus a&ording an opportunity to all /cl««es of participating in the venture by the limitation of liability to a minimum. = I A lifteeu-hesfa stamper battery is erected imim diutcly cintiguous to the tunnel's niou'b, uvailuble tor crushing any etone obtained. I An a miningfepecuUiiion, \t pre enfs direct and pro^p^cttro admntage? seldom met with in kin^'re* ventures, us illustrated by the combination rtlerrcd to, and still further by recent fetatistkp furnished to the Kew Z^u« land Governmj-tit, showing that JOB,lSßozs. of gold, the yield ot 156,862 tons, representing an average of 13 dvvts 19 gra., Of rearh 14Jwt3 per t m have been obtained by the various compai y'a that have been, and are at work on tue lit cs 61' reef proposed to bo interacted.' Ta iug tho money value per ton £2 12s B>lj ac ar'profit of £1 sa. per tbu can be secured', all wing the cost of production to be divided th t— crushing by wa er power, ss. per ton ; . ost cf raising stone. Kb 6d. psi* ton j wea ; tear, ra magcinent, and centin(jencies. 12s 61. Total, £l 7s BJ.. leaving a balance of £1 5a to be divided ac profit. In coiiclus un, the projectors with every confidence us, crt that a wore genuine mining veniure, and one possessing the same elements to aohi ye success has seldom, if ever, i.ecu put on t c market. PROSPECfCTS AND FORMS OF APPLICATIONS FOR SHARES 'JO BE OBTAINED FROM THE USDERSIG^EU. VLQRGE WISE, Matiftger. CHAKLI S H. JiDWAKIi", S T 0 3 ,KKKE PER t I lack's Point. GOODS PACKED TO ALI^PARTS ' OF THE DISTRICT.