Page 3 Advertisements Column 1

Inangahua Times, Volume II, Issue II, 3 August 1881, Page 3

JOHNSTON'S UNITED MINING COMPANY, LIMITED. Geld Mining & Minebal Lsahs*. BED3TEAD GULLY, COLLING\IOOD. 50MISAL Cap Tit £20,000. in 20.000 Shares of £1 each- of Mie«e; 1668 Are Paid up, 1%676 are Subscribed for, and the balance. 6£68, upon which 2s 7^ I per Share is Paid up. are offered to the Public at 3s per Sbare. DlBBCTOu8 : .. Messrs Buonv, Parker, Palmer, Frat.zeu, Anderson, Johnston, and Jones. Legal Masageb : A. D. Bayfeild. Leases comprise, Mineral Lease of 97 acres, within which is a Gold Mining Lease of 16£ acres ; these Leases cover around originally held by the "Perseverance," •• "Decimal," and other Com panics in Bedstead Gully, CoUinnwood. and contain metaliferous deposits ot Gold, S Irer, Copper, Lead, and Zinc, believed lo be in vast quantities, and;, easily procurable by judicious management— for tbe last year the Company bare steadily been proving the Mine. Part of tbe Bou'- Western Corner of this ground was worked by the " Per* severance," and, to a very small extent, »lso the " Decimal " Company, from wbich (by statements of these Companies) it is shown that £12,000 worth of Gold was procured from a very small piece of ground, tbe ' Decimal Company ' alone giv ng £2000 from a space of 15 to 20 ft., ride memo from tbe late Mr Bu eke ride, the Legal Manager of the • Decimal Company/ to Mr Johnston. Mr Buckeridge further itatcs that bis Company were unable to work their ground owing to great jealousies between the two Companies, and the biiih charges imposed upon; their Company by tbe ' Perseverance Company ' for tbe use of water arid the right to work from tbe • Perseveriaee r ground. Mr Buckeridge concludes his memo by saying, ' but owing to the great expense which it ap» peared would be necessary and to the Comfaoy'i Capital being exhausted, tbe claim was ultimately abandoned, although the Shareholders and others believe that there is a large amount of Gold in their own and the ' Perseverance ' claims.' The ' Perseverance Company ' worked their ground from an incline shaft, and having inadequate pumping apparatus, were prevented from eoutinuing work, a report of Mr J. C. Richmond's to the Shareholders of the * Perseverance Company,' advocated operations from either Bedstead Gully or Kelly's Creek. The Directors of ' Johnston's United Com* pany ' have had an exhaustive survey , made and numerous levels taken by Mr Roebfort, C.E., and have determined in acting on Mr Rochfort's advice to put in a tunnel from Kelly's Creek, and Tenders are now called to drivo 400 ft, when tbe Quarts Reef* should be first met with, this drive wilt also thoroughly draio.the ground. Just outside of the Southern Boundary there is an outcrop of Silver Ore, dipping towards the Company's ground ; this has riot been worked, although specimens as* saved gave a yield of over luOvza per ton of ore. Assay returns of Galena have given 70o» of Lead with 30ot*ot Silver. Tellow Sulphide of Copper 6ft in width and driven on for 30ft was found in the • Pergeve-ance Company's ' ground ; this yielded about 30 per cent of metal, and was accompanied by highly payable Gold, apart from the known rich gold bearing quartz. Tbe Mine is an exceptionally good property ; the failure of former Com* panics is traceable to a very great extent to the want of experienced control over those working in the Mine, aud proper economy in working expenses. In inviting the Public to take Shares, the Directors assure intending investors that no exorbitant outlay will be made in cost of getting these Shares, taken up, present holders are fully determined to prosecute work, and, as a guarantee of good faith, have, by resolution duly recorded, agreed to withhold dealing with their Shares for at least two months. Many of the old workings, particularly the inclined shaft, will prove of value in the re>opening of the Mine. Applications for Shares must be ao« companied by a deposit of Is per Share, and a further payment of Is per Share will be required on allotment, and the balance of Is per Share three months after date of allotment, or a discount of 2£d will be allowed to any person making full payment of the 3s per Share on application; tbe whole of the proceeds from the sale of these Shares will be expended in developing the Mine. App'i'ations for Shares will not be received alter the 25th August, and owing to the very low price asked, as against the known value* of the property, the. Directors reserve to themselves the right of closing list of Subscribers prior to the 95th August. From tbe character of tbe undertaking, and its certainty of success, no doubt exists as to tbe profit that will ensue. Applications (ot Shares to be made (0 the Legal Manager, A. D. Bayfeild, Hardy-street, Nelson, or to Mr. Thomas Lsb. Bridgg-stieet, Reefton. The Company's financial position on the 25tb July, 1881, Be. £18 13s 9d ; no other liability. THE GOLDEN TREASURE GOLD MIJTING COMPANY. LIMITED. AT a Meeting of Directors, held this day, a DIVIDEND (the Ist) of ONE SHILLING PER SHARE (24,000tb) was declared, PAYABLE at the Company's Office, Bridge* street, Beefton, on and after WEDNESDAY, the 3rd day of AUGUST, 1881. THOMAS LKE, Manager. Ruefton, August Ist, lßßl. BEEFTON HOSPITAL. mHE usual MONTHLY MEETING ■*• of the COMMITTEE of the above institution, will be held at tbe Council Chambebb, SmithsStreer, Reefton, on WEDNESDAY (THIS) EVENING, at 9 o'clock abarp. HUGH C. BOYD. Secretary.