Page 3 Advertisements Column 5

Inangahua Times, Volume II, Issue II, 9 November 1881, Page 3

lINHN'GAUUA COUN'IY COUNCIL |KOT I C K . A T the ordinary irpptitu of the Inru>JTTI gahna Cnuutv Council, hehi :it 'he I Council Chiinibcis, iJceiton, on ' nes'lnv. the 18Mi day of Ocfo er. lc>Sl. it wiresoUed on the motion <<( j\lr Urcnnafi, and secorided ! y Mr Wiili.-uns — "That a Kate of One > v iii ling in Mi. 1 Pound up'>n the values of ib*JJaffiMe Property. us »ippearina ii> the Valuation ivull ior 'he time heinij in force in the County ol Inangahua be now made, and tli^ fame is hereby made, and thnt such Hate be for a period of one ye;>r. commeni'iTig on the Ist day or' October, 18S1, and endinir m the 30;h day or Septtmber, 18^2, an.l that such ]{ATK be PAYABLE in one sum on the 22nd day of OCTOBKK, 1881." Notice is hereby given that tbeabor? Rate will be due as above stated, r.nd tlwit the same must be paid to the Kate Col* lector, or nt the Office of tbe Council, | Eeefton, on or after the 22nd instant. ! Dated this 19th day of October, 1881, y JOHN HAEOLD. .f»' CoUUty CliTh". t : jN t OTIOJJ. & imHE UNDERSIGNED will D^ i- LIT Eli best FliiE'.VOQ^fer CASH OjNLY, at following prices. :— 4-foot lengths ... 13s 6d per cord 2* foot lengths ... 193 jfer cord D. MEKNXA, Junr. PROSPECTUS OF THE INaNGAHUA DIAMOND DSILL AND KOCK 13OHING MINIxNG COMPANY. Limited, Registered under " The Com* panic3 f Alt, 1872.'' CAPITAL : £0000, in 21,000 shares bI 5s each. THREEPENCIi) on AppPcation ; 31 on Allotment, and Calls i ot to exceed 6J per month. NO PROMOTERS SHAKES. PROVISIONAL COMMITTEE: | Mr Bowman Mr Lewis Mr Hunter Mr Lecky | Mr Brennan Mr J\>ues Mr Potts Mr Wise Mr Lee IVIr Beeche Mr Cohon Mr Ml oughlin Mr Fraser Mr P. Butler MrFitzGerald Mr Hobby Mr Boardman Mr W.dkcr Mr J.. Gallagher Mr Archer Mr Watson Mr M'Kay Mr Love Mr Rait MrHankin Mr Murpby Bankebs : The National Bank of New Zealand, Limited, at Reefton. Hon. Secretary : Wm. Hugh Jones, Solicitor, Eeefton, OBJECT OF THE COMPANY. The object of the company is introduction of the Diamond Drill ,an admitted factor to successful progress in mining, to prospect, and more speedily derelop the valuable quartz reefs on the West Coa<t of the Middle Island, the initiation of the movement primarily centering and operating in the well known district of luungahua, a locality famous for Us rich quartz !odt>9. Tlie benefit that would accrue to all classes connected with these goldfielils, directly, a? well as indirectly, camot possibly bo berter illustrated than ly reference to the following statement u><tde in tbe Yiutcriwn Houso of Assembly, in tbe month of August lasr. by a member in support of a motion thnt £10.000 be pluced mi tlie F^timates for 1882, ro pur* chase diamond drilia, &c. : — " The value ot the wurk performed by one diamond drill at Stawell is best understood by the enhanced value of mining properties which its discoveries have effected. Calculations in this direction huve been made with so:ne care, r-nd are to hand, viz— Crown Cross Unitpd Company, 19 044 shares, ;ormer price 1- 2cl raeh : piesent valno 10s. South Cro*s United Company, 30.240 shares, formrr buyers, Is 2d ; present buyers, ss. Nos. 14, 15, and 16 South Cross, 14.400 scrip ; former buyers 4s lOd ; pres nt buyers 14s 6d. Nos. 1 and 2 North Scotchmans, (formerly unsaleable) 8960 shares ; present buyers 10s. The value of the Extended \v\* been increased by £22,G00; Scotchmans United, £25 300, a\ likewise the Pleasant Creek Cross Reef Company, and the Oriental. The sir.md total value of these stocks before the d^covery ot tho gold-bearing reel in the Crown l'ro»s Ur.ited Comp'iny s Bbaft by the aid of tindiamond drill was about £41,164; now tbe total of their value is £148.400; the on.* i diamond drill incteusing the value of mining property in thi3 instance £107246. Hut this? increase h;s* only betiun to iin-w, mid it is therefor? difficult to say what one or two j raoiv (iiscoverie^ wiii cfFe.i t.'' With such facts aid ll^jres ho'oiv them there should be no dout.-; in the num!-* ot t-ose whose intert'stfl ate wripi-d up tuiii intimatL'ly linked v. iih the success or miiuiv of the quartz rcutlug induefry »? So tlu- nv~ Cv'sity of promoting Hi. 1 nvi} .tmiili.' „f th<« j present undert.iking, wiiicii ur.d.r ellie^ni j und ciireiul »j".ai!a.2':ini-r.t cannot tail to givr imjjoilaiit ii'd to ihe, deytlop.i'ct.f of the ro^ Bourot's ol the district, ami will in a -IJition act as :i eJie'-k upon the hulnrto wu^ti. 1 ul | e.xpendilure of large sunis of money in th<^ j construction of ptospivuiig tunuels and j sliatts. : As a lurthor incentive to tho promotion ol | this comp-my, it may be iin'iitioned th.it. Tim j drills Sii;'j iitd by the Viotwi-i.m (ir veniu;rn! : piwiiig ' niiuU'qu ite to the requirement <;! ii.iolcificid.", a i-tfinjiany h-is bton torti;ei| in : Ballarat, with a capiUii ol £50,100, ior ill-; ! pir.'ctiiia;- of uiunioini drills, u:n.i iiii'.xhor c-mi- \ (uuiy tor ti'« sli ■ c purpose bts hrou j•r> • j Ivj • ; ' at witli v capihii vi £'27>,\nhK i lr i.< iiitoi.deli io let the diih u-v i,n>' t<> any company rfqinriii^ it ; t>; va'u? tonirart* ;o; ■; bo: ing, und 10 pi-e.-pec. any myu'.'.u t'ru i v.ay li-jrcivitor bo i.cquireii !y lie cur.vi 'iiy. I Until l lie yuccecs ot the u;i ui'lhlvh^- is ! (nil;, u'.wKoru'te'i by n'tuits in>iu i ,<■ i;.-e o< i one:"!' ill, which it is vi;.. i;uoi! in or.i. r ;\i an earl\ dale, only a >>r>r;ion ci tie r : .n,tj , will be c.*l'e(.l up, -ud it i* r;t!oui.iU-'i si ( :u" the i revenue j-.i"isii.g from tiu- luiiu^ v.<\ >•! tin' l maehiiie will > ;eid ;i lniMisn „• ifiu; i )■-, ' d'.^kieiu!.?, vvliiiii ;:; iy at i';.' ti:.-,-f in..' •■:' lit ■ ! tharcllOUic.^. i-0 :i;'i.'!\ p. I iV.t [,j ii.. :u- ' i-hur!M>i' iKituliurull ;;;■:■! •:..■.;.-. Tl'.e lii.U;ii!»hl>:i d.Mli' 1 I- ;■•.-! ii !.■;• able iur lin 1 i>];rr:i;n!ii i ,r .. ,-.■■ .., . ; V lilt. UIILT Ci rli i' I W ', ■ !if:.-r I.:.M'U :•!•■.• run->>' > un->>' n ■ ■ ■ • sit die li|)!.>:i Ui, iuuii 1 . i■„i . • • i | lu'l'tns it iij'|.;i.'i..i.:ii !-r .-i/:, i; ;.' ■■■ ■„ 'uiiit-d lr. .v .iiu a Jii'.-iiincii.