Page 3 Advertisements Column 2

Inangahua Times, Volume II, Issue II, 15 August 1881, Page 3

Alexander Colquhoun, GAUD EN Ell, Keefton. P A.RDENS LAID OUT !and;;kepf in VJT Order at per day or per agree meat. Fruit Trees and Bushes for Sale"; also, a Prime Sample^of Bone,'. Dust at £15 per ton. • WOT ICE, A LL persons INDEBTED to tlie un- •^- designed are requested to arcept as FINAL NOTICE that any ACCOUNTS remaining UNPAID on AUGUST 31st, 3881, will be SUED FOR in order to obtain a settlement. JAMES STEVENSON. Black's Point, July 16 h, 1881. JOHNSTON'S UNITED MINING COMPANY, LIMITED. . Gold Mining & Minepal Lea e-\ BEDSTEAD GULLY, COLLINGWOOD. Nominal Capital £20,000. in 20.000 Shares of £1 each- of Iheso ;1668 are P«id up, 11,676 are Subscribed for, and the bttlanee.i:u6£sß, upon which 2* I\\ per Share is^Paid up are offered to the Public at 3sfper Sbare. DIBECTOr:B : Messrs Bunny, Parker, Palmer, Franzen, Anderßon,'Johnston, and Jones. Legal Manager : A. D. Bayfeild. Leases comprise, Mineral Lense of 97 acres, within which is a Gold Mining Lrase of 16| acres ; these Leases cover ground originally held by the " Perseverance," '• Decimal," and other Com panics in Bedstead Gully. Collingwnod. and coniaiu metnliferous deposits ot Gold, Silver, Copper, Lead, and Zinc, believed to be in vast quantities, and "easily procurable by judicious management— for the last year, tbe Company have steadily been proving the Mine. Part of the Sou' Western Corner of this ground was worked by the " PerseverHnce," and, to a very small ex'ent, also the •• Decimnl " Company, from which (by statements of these Com" ponies) it is shown that £12,000 worth of Gold was procured from a very small piece of ground, the ' Decimal Company ' alone giv ng £2000 from a space of 15 to 20 ft., vide memo from the late Mr Buckerioe, the Legal Manager of the •Decimal Company,' to Mr Johnston. Mr Buckeridge further states that his Company were unable to work their ground owing to great jealousies between i he two Companies., and the high charges imposed upon their Company by the 1 Perseverance Company ' for the use of wafer and the right to work from the 1 Perseverance ' ground. Mr Buckeridge concludes his memo by saying, * but owing to the great expense which it ap» peared would be necessary and to the Company's Capital being exhausted, the claim was ultimately abandoned, although the Shareholders aud others believe that there is a large amount of Gold in their own and the * Perseverance ' claims.' The ' Perseverance Comnany ' worked their ground from an incline shaft, and having inadequate pumping apparatus, were prevented from couiimrinu work, a report of Mr J. C. Richmond's to tbe Shareholders of the * Perseverance Com« pany,' advocated operations from either Bedstead Gully or Kelly's Creek. The Directors of 'Johnston's Uuited Company' hnye hid an exhaustive survey made and numerous levels taken by Mr Kochfort, C.E., and have determined in acting on Mr Koch fort's advice to put in a tunnel from Kelly's Creek, and Tenders are now called to drivo 400 ft, when the Quartz Heefs 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 as* sayed gave a yield of over lOOuzs per ton of ore. Asfay returns oJ' Gaieua have given 70ozs ot' Lead with 30ozs of Silver. Yellow Sulphide of Copper 6ft in width and driven on for 30ft was found in the • Perseve ance Company's' ground; this yielded about 30 per cent of metal, and was accompanied by highly payable Gold, apart from the kuown rich gold bearing qoartz. The Mine is an exceptionally good property; the fnilure of former Com* panics is traceable to a very great extent to the want oi experienced control over those working in tbe Mine, aud proper economy in working expenses. In inviting (be Public lo 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 shatt, will prove of value in the re- opening of the Mine. Applications tor Shares must be ac 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 Sbare three months after date of allotment, or a discount of 2^d will be allowed to any person mak» ing 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 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 tor Shares lo be made to the Legal Manager, A. D. Bayfeild, Hardyxstreet, Nelson, or to Mr. Thoma9 Lee, Bridge-street, Keefton. The Company's financial position on the 25th July, 1881, Dr. £18 13s 9d ; no other liability.