Page 3 Advertisements Column 6

Inangahua Times, Volume II, Issue II, 4 November 1881, Page 3

IN\NGAHUA COU-iTY COUNCIL NOTICE. 4 T the ordinary meptine nf thp Inan* Sx. eahua County Coancil, held Ht the Council Chambers, Keefton, on Tuesday, the 18th day of Oeto er, 1881. it wa» resolved on the motion of Mr tfrenuan, and seconded by Mr Williams, — "That a Rate of One Shilling in the Pound upnn the values ot th* 1 Ratenble Property. es appearing in the Valuation Jrtoll for »he time being in force io the County of Inangahua be novr made, and the Fame is hereby made, and that such Rate be for a period of one ye«r. commencing on the Ist day of October, 1881, and ending on the 30th day of September, 1882, and that such RATE be PAYABLE in one sura on the 22nd day of OCTOBER, 1881." Notice is hereby given that the abov ; Rate will be dv» as above stated, and that the same must be paid to the Rate DoN lector, or at the Office of the Council, Reefton, on or after the 22nd instant. , Dated this 19ih day of October, 1881, JOHN HAROLD, County Clerk. NOTICE. I ifpHE TTNDBRSIGNKD will DE X LIVER best FI^E »VOOD for CASH O_\LY, at following prices :— 4-foot lengths ... 13s 6J per cord 2%f00t lengths ... 19* per cord D. M'KKNNA, Junr. prospectus of the Inangahua diamond drill AND ROCK BOlil.'G MIAiiSG COMPANY. Limited, Registered under "The Mining Corn.* panie3* Act, 1872." CAPITAL:' £-6000, in 2_,000 shares at 5s each. THREEPENCE on Appl ; cation ; 3J on Allotment, and Calls not to exceed 61 per month. NO PROMOTERS SHARES. PROVISIONAL COMMITTEE: Mr Bowman ]Vfr Lewis Mr Hunter Mr Lecky Mr Brennan Mr Jones Mr Potts Mr Wise Mr Lee Mr Beeche Mr Cohen Mr Ml oughlin Mr Fraser Mr P. Butler Mr FitzGerald Mr Hobby Mr Boardman Mr Wulker Mr J. Gallagher v Mr Archer Mr Watson Mr M'Kay Mr Love Mr Rait MrHankin Mr Murphy Bankers : The National Bank of New Zealand, Limited, at Reefton. Hon. S_cu_-_n_ : Wm. Hugh Jones, Solicitor, Reefton, OBJECT OF THE COMPANY. The object- of . the company i» -introduction of the Diamond Drill , an ndinittod factor to successful progress in mining, to prospect, and more speedily develop the valuable quartz reefs on the West Coast of the Middle Island, the initiation of the movement primarily centering and operating in the well known district of Inangahua, a localtty famous for its rich quartz lodes. The benefit that would sccrue to all classes connected with these goldfields, directly, as well as indirect!y, cannot possibly be better illustrated than by reference to the following statement «n_de in the Victorian House of Assembly, in the month of August last, by a member in support of a motion that £10,000 be placed im (lie Fstiwates for 1832, to pur« chase diamond drilta, &c. : — " The value of the work performed by one diamond drill at Sttiwell is be*t understood by the enhanced value of mining properties which its discoveries have effected Calculations in this direction h:ive been made wiih some care, and are to hand, viz. — Crown Cross United Company, 19044 shares, former price Is 2d each t present value 10s. South Cross United Company, 30.240 shares, former buyers, la 2d ; present buyers, ss. Nos. 14, 15, and 16 Sou»h Cross, 14.400 scrip ; former buyers 4s lOd ; present buyers 14* 6d. Nos. 1 and 2 North Scotchman?, (formerly unsaleable) 8960 shares ; present buyers 10s. The value of the Extended ha* been increased by £22,000; Scotcbmans United, £25300, as likewise the Pleasant Creek Cross Reef Company, and the Oriental. The grand total value of these stocks before the discovery of the gold-bearing reef ia the Crown Cross United Company s shaft by the aid of the diamond drill was about £41,164 ; now the total ot their value is £148.400 ; the one diamond drill increasing the value _f mining property in this instance £107,246. But this increase has only begun to grow, otid it is therefore difficult to fay what one or two more discoveries will effe. t." With such facts ard fig-res before them there should be no doubt in the minds of tuose whose interests are wrapped up and intimately linked with the success or failure of the quartz reeling industry a* to th« ne-Ci-isity of promoting the furtherance of tho present undertaking, which undi-r efficient ami careful management cannot fail to give important aid to the development of rhe ret sources oi the district, and will in addition act as a check upou the hitherto wastvul expenditure of lurge gums of money in ihe construction of prospecting tunnels and s!;alt3. As a turther incentive to I lift promotion of this company, it miiy he niontioiiHcl that the drills supi'lifd by the Viotori ni (jovernmriit proving inadequate to the requirements i»f it* yoldfieid^, a company hus bt^n lonntvl in Baihu-ut. with a capital ol £50.000, for the purchase of diamond d'illp, and uiiijlher company lor the 3ii ye purpose Ims b>-en proj-ictcii at .Sandhurst, with- a capital of £25,01)0. It i* intended to let tt;odiili tur n i it* tonny compiiny requiring it ; to take contrui.-ts lor boring, tnid uiso to W'u«p*:ci any vjvound t'nt u.uy hereaiter be acquired hy lie i-outptny. Until the success, of the uiuiertakmg is full) demonstrated by results iront t!.i> uae oi one cl'ill, which it is iuwmleJ vo (ml, r »t ! an early dute. only » portion of iho capit .i ! will be culled up, i.nd it is ciilivil.it.-ii i| );i i ( |, e ! rfveiiue fti'isiK'g from the lining out of the inachine will v l\amfso"io rctuni in diviuoudvS whuMi u>;iy at the ditcrction ul lh.; eharohoUiers, bu appn,pii_'.cd t_ the pur-i-hus« ofad(!i;ion:ii a^f •iniiice.-*-Tlu 1 liiar^ttliiiu diJtric-f i? 1.-O'-uliJir.y !:ivui— able lor t:.. i.Mi^ri.fion < 1 il-.e •ii:_-. -*-. »it-.l ii;; {. A lite UlU' ot Mi ilvhrhl-.TS VJ.I !u'r;;iiid ;:fier Ki,(.vO tia'Va h;ivi: b-ii, ii;', it a )<,,, iv aei-idc; iipu • let' luiur.' cour-f -„1 ■•y,-.-)^- <■■■-,-. ]■'„.>.* i.-f .!(';■; t'.' : i ■'' i'.u- siin i-j „> ■•• -A".