Page 3 Advertisements Column 2

Inangahua Times, Volume II, Issue II, 17 August 1881, Page 3

Alexander Colquhoun, GARDENER, Reefton. fi ARDENS LAID OUT Jand^kept in Order at per day or., per agree raont. Fruit Trees and Bushes for Sale'; also, a Prime Sample'of Bone^Dust at £15 per ton. NOT ICE. A LL persons INDEBTED to the un- ■*-^" dersigned are|requested to accept as FINAL NOTICE that any ACCOUNTS remaining UNPAID on AUGUST 31st, 1881, will betSUED FORJin order to obtain a settlement. JAMESSBTEVEN3ON, Black's Point, July 16i b, 1881. JOHNSTON'S UNITKD MINING .{COMPANY, LIMITED. Gold Mihino & Minebal Lea«e*. BEDSTEAD GULLY, COLLINGWOOD. Nominal Capital £20,000. in 20.000 Shares of £1 each • of these ;l6b'B are Paid up, 11,676 are Subscribed for, and the ba lance. Ju 6658, upon wbicb 2s 7£d per Share is;°Poid up are offered to the Public at 3s?per Share. Directors : Messrs Bunny, Parker, Palmer, Franzen, Anderson,'Johnston, and Jones. Legal Manager : A. D. Bayfeild. Leases comprise, Mineral Lease of 97 acres, within w^ioh is a Gold Mining Lease of 16 J acres ; these Leases cover ground originally held by tbe "Perseverance," 1 ' Decimal," and other Companies in Bedntead Gully, Collingwood. and contain metaliferous deposits of Gold, Silver, Copper, Lead, and Zinc, believed to be in vast quantities, and;"easily procurable by judicious management— for the last year ibe Company bave steadily been proving; the Mine. Part of the Sou' Western Corner of this ground was worked by the " Per*severance," and, to a rery small extent, also the " Decimal " Company, from which (by statements of these Com» pnnies) 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 Buckeride, the Legal Manager of tbe • Decimal Company/ to Mr Johnston. Mr Buckeridge further states that his Company were nnable to work their ground owing to great jealousies between the two Companies, and tbe high charges imposed upon their Company by tbe ' Perseverance Company ' for Oie use of water and the right to work from the ' Perseverance ' ground. Mr Buckeridge concludes bis memo by saying, ' but owing to the great expeoße which it appeared would be necessary and to tbe CompanyV 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 continuing 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 bad an exhaustive survey made and numerous levels taken by Mr Roohfort, 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 diivo 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 bas not been worked, although specimens as* sayed gave a yield of over lOOuza per ton of ore. Assay returns of Galena have given 700z9 of Lead with 3Oozm of Silver. Yellow Sulphide of Copper 6ft in width and driven on for 30ft was found in the •Perseverance 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. The 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, and 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 re* corded, 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 tbe re*opening of the Mine. Applications for Shares must be ac companied ty 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 mak« mg full payment of the 3a per Share on application ; tbe whole of the proceeds from the sale of these Shares will be expended in developing the Mine. Applications for Shares will not be received alter the 25th August, and own ing to the very low price asked, as against the known value of the properly, 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 us to tbe profit that will ensue. Applications for Shares to be made (o tbe Legal Manager, A. D. Bayfeild, Hardy»street, Nelson, or to Mr. Thomas Lee, Bridge-street, Reefton. The Company's financial position on the 251h July, 1881, Db. £18 13s 9d j no other liability.