Page 3 Advertisements Column 2

Inangahua Times, Volume II, Issue II, 26 August 1881, Page 3

«— ■»—^— mm '^ mmm^ mm "*"* —^— — » i^— — — i^— Alex mder Colquhoun, GARDE N E R > Reefton. GARDENS LAID OUT [and^ept in Order at per day or per agree ment. Fruit Trees and Bushes for Sale]; also, a Prime Sample^of Bone^Dust at £15 per ton. WOT ICE. A LL persons INDEBTED to the un- --^" dersigned areVequested to accept as FINAL NOTICE that;any ACCOUNTS remaining UNPAIDjj'on AUGUST 31st, 1881, will hetSUED FOltfn order to obtain a settlement, JAMES STEVENSON, Black's Point, July 16 h, 1881. JOHNSTON'S UNITRD MINING •COMPANY, LIMITED. G^ld Mining & Mineral Lease*. BEDSTEAD GOLLY, COLLING V» OOD. Nominal Capvtal £20,000, in 20000 Shares of £1 e«ch ? of ;t hese; 1668 are Paid up, 11,676 are Kiihacribed for, and (he balance.|u6(!sß, npon which 2* HI per Share u#Paid np are offered to the Public at 3s|per Share. Dibectors : Messrs Bunny, Parker, Palmer, Franzen, Andersoh^Johnston, aod Jones. Legal Manages : A. D. Bayfeild. Leases) comprise, Mineral Lease of 97 acres, within which is a Gold Mining Lease of 16| acres ; theße Leases cover ground origin«jly held 1 by the "Per. severance," *'■ Decimal," and other Companies in Bedstead Gully. Collingwood. 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 tbe Bou' Western Corner of this ground was worked by the •• Per* severance," end, to a very small extent, also the " Decimil " Company, from which fby statements of these Com" paniea) it it shown tbat £12,000 worth of Gold was procured from a very small piece of ground, the • Decimal Company ' alone givng £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 tbat his Company were unable to work their ground owing to great jealousies between the two Companies, and the high charges imposed upon their Company by the 1 Perseverance Company ' for the use of water and tbe right to work from th* 1 Perseverance ' ground. Mr Buckeridge concludes bis memo by saying, ' but owing to the great expense which it ap« peared would be necessary and to tbe 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. Kichmood s to the Shareholders of the * Perseverance Company,' advocated operations from either Bedstead Gully or Kelly's Creek. The Directors of 'Johnston's Urn'ted Com pany' haye h«d an exhaustive survey made and numerous levels taken by Mr Rocbfort, C.E., and have determined in acting on Mr Roobfort's advice to put in a tunnel from Kelly's Creek, and Tenders are now called to drivo 400 ft, wben the Quar'z Reefs should be first met with, this drive will also thoroughly drain the ground. Jus' outside of the Southern Boundary (here is an outcrop of Silver Ore, dipping towards the Company's ground ; this bas not been worked, ftlthongh specimens assayed gave a yield of over lOOozs per ton of ore. Assay returns of Galena have given 70ozs ot Lead with 30oz< of Silver. Yellow Sulphide of Copper 6ft in width and driven on for 30ft was found in the ' Perseve-anre 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 '.'om* 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 Publio to take Shares, the Directors aware 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 al least two months. Many of the old workings, particularly the inclined shatt, will prove of value in tbe re«opening of the Mine. Applications tor Snares 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* 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 alter 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 tbe undertaking, aod its certainty of success, no doubt exists as to tbe profit that will ensue. Applications for Shares to be made to tbe Legal Manager, A. D. Bayfeild, Hardyt-street, Nelson, or to Mr. Thouas Lee, Bridge-street, Reefton. The Company's financial position on tbe 25th July, 1881, Db. £18 13s 9d ; no other liability.