Page 3 Advertisements Column 2

Inangahua Times, Volume II, Issue II, 19 August 1881, Page 3

Alexander Colquhoun, GAKD K/I E It , lieefton, P ARDENS LAID OUT :and;,bept in Order at per day or <4 ptr agree ment. Fruit Trees and Bushes for Sale"; also, a Prime Sample'of Bone^Dust at £15 per ton. JfOT ICE. A LL persons INDEBTED to the un- ■^ dersigned areVequested »o accept as FINAL NOTICE that any ACCOUNTS remaining UNPAID on AUGUST 31st, •881, will betsUED FORJin order to obtain a settlement. JAMESJSTEVRNSON, Black's Point, July 16 b, 1881. JOHNSTON'S UNITED MINING '.COMPANY, LIMITED. Gold Mining & Mineral Lease. BEDSTEAD GULLY, UOLLING V\ OOD. Nominal Capital £20,000, in 20.000 Shares of £1 each • of these;;] l66B are Paid up, 11,676 are Subscribed for, and the bHlance.gt 6658, upon which 2s I\A per Share is; P»id up are offered to the Public at 3s'per Share. Dibectors : Messrs Eunnv, Parker, Palmer, Franzen, Anderson, .Johnston, and Jones. Legal Manager : 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 " Per. sereranee," 4l Decimal," and other Com panics in Bedstead Gully, Collinizwood, and contain metnliferous deposits ot Gold, Silver, Copper, Lead, and Zinc, be'ieved to be in vast quantities, and "easily procurable by judicious managpment— for the last year the Company have steadily been proving the Mine. Part of the Sou' Western Corner of this ground was worked by the " Per^ severance," and, to a very small extent, also the "Decimal" Company, from which (by statements of these Com« panics) it is shown that £12,000 worth of Gold was procured from a very small piepe of ground, the ' Decimal Company ' alone giv ng £2000 from a space of 15 to 20 ft., vide memo from (be late Mr Buckeride, 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 the two Companies, Bnd tbe high charges imposed upon their Company by the ' Perseverance Company ' for the use of water 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, 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. 1 Tbe ' 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 Company,' 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 Kochfort, C.E., and have determined in acting on Mr Bocbfort's advice to put in. a tunnel from Kelly's Creek, and Tenders are now called to driyo 400 ft, when the Quartz Reef's should be first met with, this drive will also thoroughly drain the ground. Jus' outside of tbe Southern Boundary there is an outcrop of Silver Ore, dipping towards tbe 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 eiven 70oz* of Lead with 30ozs of Silver. 1 Yellow Sulphide of Copper 6ft in width and driven on for 30ft was found in the 'Perseveanre 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 <Jom*« 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 investors that no exorbitant cutlay will be made in cost of getting these Shares taken up, present holders are fully determined to prosecute work, and, as a guarao'ee 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 the re«opening of the Mine. Applications tor Shares roust 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 making fall payment of the 3s per Share on application; tbe whole of (he proceeds from the sale of these Shares will be expended in developing the 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 tbe right of closing list of Subscribers prior to the 25th August. From the character of the undertaking, aod its certainty of success, no doubt exists as to the profit tbat will ensue. Applications for Shares to be made to the Legal Manager, A. D. Bayfeild, Hardystreet, Nelson, or to Mr, Thomas Lee, Bridge-street, Keefton. Tbe Company's financial position on the 25th July, 1881, Dr. £18 13s 9J ; no other liability.