Page 3 Advertisements Column 2

Inangahua Times, Volume II, 12 August 1881, Page 3

CAUJTON TO SPOHTSMEN. "VTOTIOE isiberebyjjiven that 'on and -L^ after this'date any. Person or Per« sons fround Entering on, SHOONtfG UPON, or otherwise TJREBPASSING on MY LAND, situate at£ tlie LKET* HAND BRANCH, will be PEOSECU> TED ACCORDING to LAW. M. G. GREEN, Eeefton, 4th July, 1881. Alexander Colquhoun, 1 GAKD K V E 11 , lieefton. GARDENS LAID OUT Jand .Irept in Order at per] day or. per agree mcnt. Fiuit Trees and Bushes for Sale?; also, a Prime Sample^of Bone^Dust at £15 per ton. JOHNSTON'S UNITRD MINING •COMPANY, LIMITED. Gpld Mining & Minebal Lea-e*. BEDSTEAD GULLY, LOLLING VI OOD. Nominal Capital £20,000. in 20.000 Shares of, £1 each r of ;these;;i66B are Paid up, 11,676 are Subscribed for, and the biilaoce.|u66sß, upon which 2s 7£'l*per Share iß^P»id up are offered to the Public at 3s|per Sbare. PIfiECTORB : Messrs "Burwv, Parker, Palmer, Franzen, Anderson, 'Johnston, and Jones. Legal .Manages : A. D. Bayfeild. Leases comprise, Mineral Lease of 97 acres, within which is a Gold Mining Lease of 16| acres ; these Leases cover ground originally held by the " Perseverance," " "Decimal," and other Com pauies in Bedstead Gully, Collinywood. and contain melliferous deposits ot Gold, Silver, Copper, Lead, and Zinc, believed to be in vast quantities, and "easily procurable by judicious management— for the last year the Company have steadily been proving tbe Mine. Part of the Sou 1 Western Corner of this ground was worked by the " Per* severance," and, to a very small extent, also the M Decimal " Company, from which (by statements of these Com" panics) it is shown that £12,000 worth of Gold was procured from a very email piece of ground, the ' De.imal Company ' alone giv ng £2000 from a space of 15 to 20 ft., vide memo from the late Mr Buckeride, the Legal Manager of tbe ' Decimal Company,' to Mr Johnston. Mr Buckeridge further states that his Company were unable to work their ground owing to great jealousies between the two Companies, and the bigb charges imposed upon their Company by the 1 Perseverance Company ' fdr the use of water and the right to work from the ' Perseverance ' ground. Mr Buckeridge concludes his memo by saying, ' but owing to the great expense "which it ap« peered would be necessary and to the Company's Capital being exhausted, the 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 coutinuing work, a report of Mr J. C. Richmond's to the Shareholders of the ' Perseverance Com» pany,' advocated operations from either Bedstead Gully or Kelly's Creek. The Directors of 'Johnston's United Company' have had an exhaustive survey made and numerous levels taken by Mr Rochfort, C.E., and have determined in acting on Mr Bochfort's advice to put in a tunnel from Kelly's Creek, and Tenders are now called to diiyo 400 ft, when the Quartz Reefs should be first met with, this drive will also thoroughly drain the ground. Just outside of the Southern Boundary there is an outcrop of Silver Ore, dipping towards the Company's ground ; this has not been worked, although specimens assayed gave a yield of over lOOuzs per ton of ore. Assay returns of Galena have given 7Oozs of Lead with 300Z4 of Silver. Yellow Sulphide of Copper 6ft in width and driven on for 30ft was found in the • Perseve ante Company's' ground; this yielded about 30 per cent of metal, and was accompanied by highly payable Gold, apart from tbe known rich gold bearing quartz. The Mine is an exceptionally good property ; tbe 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 tbe Public to take Shares* the Directors assure intending investor^ that no exorbitant Outlay will be made in cost oi 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 shatt. will prove of value in the re-opening of the Mine. Applications tor Shares must be ac companied ty a deposit of Is per Share, and a further payment of Is per Share will b^e required on allotment, and the balance of Is per fhare three months after date of allotment, or a discount of 2|d will be allowed to any person mak* ing full payment of tbe 3s per Share on application ; the whole of tbe proceeds from the sale of these Shares will be expended in developing tbe Mine. Applications for Shares will not be received after the 25th August, and ow» ing 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 25th August. From the character of the undertaking, and its certainty of success, no doubt exists as to the profit that will ensue. Applications for Shares to be made to the Legal Manager, A. D. Bayfeild, Hardy>-streefc, Nelson, or to Mr. Thomas Lee, Bridge-stieet, Keefton. The Company's financial position on the 25th July, 1881, Da. £18 13s 9d ; no ; other liability.