Page 3 Advertisements Column 5

Inangahua Times, Volume VII, Issue 1033, 9 January 1882, Page 3

Pubic Notices. EXOHANG-. HOTEL, U P P B It DROADWA V LEEFTO-f. Nothing hut tbe best Brands and Choicest Samples of WINKS, ALES, and SPIRITS, kern Stock. Lofty and tr___-v_NTi_AT_D 13 1 booms fob Visitobs. In connection with the Hotel thp pn prietor wishes to draw the atttution of Managers of Dramatic, Theatrical and other Companies to •ODDFELLOWS' HALL Which has lately been entirely novated, enlarged, and fitted up in manner to entare convenience and comfort of aadien.es and actors. Comprising new scenery and other cessories, including a magniflc Piano, necessary for first-class p formances, with Commodious Dre ing booms adjoining the sta which is the largest in Reeftoi The Hail will be let on Ke.sonab Tebus, and no endeavour will spared to render the Hotel a» H_ll attractive to air Viaftdr. ANTHONY KATER^ Pbopbietob. HOTEL TO LET. mo LET.-THE QUARTZ REE HOTEL, Black's Point. For fu ther particulars apply to THOMAS L__. PROSPECTUS CF THE INANGAHUA DIAMOND DRU AND ROCK BORI-'G MLSI.N COMPANY. Limited. Registered under ••The Mining Con panics* Act, 1872." CAPITAL : £6000, in 24,000 shares t 5s each. THREEPENCE on Application ; 3d o Allotment, and Calls not to exceed 6J per month. NO PROMOTERS SHARES. PROVISIONAL COMMITTEE : Mr Bowman Mr Lewis Mr Hunter Mr Lecky Mr Brennan Mr Jones Mr Potts Mr Wise Mr Lee Mr Beeche Mr Cohen Mr MT .ughlia Mr Fraser Mr P. Butler Mr FitzGerald Mr Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer Mr Watson Mr M'Kay Mr Love Mr Ralf Mr Hankin Mr Murphy BANKEBS : The National Bank of New Z.-aland, Limited, at Beefton. Hon. Skcb-T.bt : Wm. Hugh Jones, Solicitor, Beefton, OBJECT OF THE COMPANY. The object of the iompany is introduction of the Diamond Drill ,an admitted factor to successful progress in mining, to prospect, and more speedily develop th. valuable quartz reefs on the West Coast c the Middle Island, the initiation of th movement primarily centering and opera ir in the well-known district of Inangahua, locality famous for its rich quart. lodes. The benefit that would accrue to all cla?s connected with these goldfields, directly, well as indirectly, cannot possibly b.; bett illustrated than by reference to the followir statement made in the Victorian House Assembly, in the month of August last, br member in support of a motion that £10,0 i be placed nn the Fstimates for 1882, to pu chase diamond drills, &c. :—" The valui the work performed by one diamond drill ; Stawell is best understood by the enhance value of mining properties which its dis coveries have effected. Calculations in th direction have been made with some car and are to hand, vi..— Crown Cross Unite Company, 19.044 shares, former price 1« _ each: present value 10s. South Cross U-.i ted Company, 30,240 Bhares, former buret ls 2d ; present buyers, ss. Nos. 14, 15, hi: 16 South Cross, 14,400 scrip ; former but e< 4s lOd ; present buyers 14s 6d. Nos. 1 and . North Scotchmans, (formerly unsaleohV 8960 shares ; present buyers 10s. Tiu value of the Extended has been increased by £22,000; Scotchmans United, £25300, as likewise the Pleasant Creek Cross Beef Company, and the Oriental. The grand total value of these stocks before the discovery of the gold-bearing reef in the Crown Dross United Company's shaft by the aid of tho diamond drill was about £41,164 ; now the total of their value is £148,400 ; the one diamond drill increasing the value _f mining property in this instance £107,246. Bur thia-iaereas. has only begun to grow, and it is therefore difficult to say what one or two more discoveries will effort." With such facts ard fig-res before them there should be no doubt in the minds cf those whose interests arc wrapped up an<( intimately linked with the sucrecs or failum of the quartz reefing industry b« to thf necessity of promoting tlie furthemnrc of th.present undertaking, which und^r cfiieienv and careful n.anagp»npnt cannot fail to gn important aid to the development of the rr« sources ol the district and will in add it is act as a check upon the hitherto wastp'it* expenditure of large sums of money in th,' construction of prospecting tunnels aud *"' shafts. As a further incentive ta the promotion of this company, it may he mentioned that the drills supplied by the Victorian Government proving inadequate to the requirements ol its .old-eld*, a company has been formed ii Ballarat. with a capital or £50,000, for thi purchase of diamond diil'.s, a-'d :uii>ttuv ompany for tlie sane purpose hns been mvjet tei at Sandhurst, with a capital ol £2.*».tH.»i». It is intended to let the drill tor nirc to an~ company requiring it ; to lake contract * -or boring, and :iiso to prospect nnv .round tV'r ir.ay herealter be acquired l-v lie comp -i'V. Until the success ol the uiiiicrt.iku>_; : ; fulU demonstraioil hy results Irum ti.e u-e m one'd'ill, which it is in' ended to order -.r an earlx dsitc. only a portion of the c ■;• •t.' will be called up, mid it i« c.-de'.i'.itn" i! -7- th-» revenue iirisn trom the hning <m <l th > machine will >tc'd :i h.'cl-.ime rctun. in d:viJends, whien nnv at the <ii*entio i ■•; tiui shareholders, he appivpria'ed i j the |iut« chase ol't'ddiiiona' uppli .m.-e.-. Thelnar;„:ihp:i district i« pecu'iar'.v <.ivi-r---ahle for tl-.e «<|-. riti <n . -! the iihn -i dv I. A me- tin.' ol -h ivli Mi- wi I h- e>l|ed after ];!.tlC(l Ait s !i=ue I, „, : i,, ; 1 L .\ ■..-. ;,, d-cide l.p<" I'"' I'itiif •;'-:r-i- cl ••:•■•!.■ ■ •■:•.-. ]• . r„i , ! .-fVU •..-« n -i--i.;ii- \v I. ! -an. id :l'.'iu 'i:c v t'-i. ■'-'.' ' - U*. ii. 1. Al.!_ i- :•-■.. i.-i' .«-••> «-.- .■••..-. .. .) • , .; -V- ;.- A- ■'• ; |--!iu''i.«, ,' v ■-„, j. ,-' v I . . C-.i'.i-.i". Uio-iiiwaj- cic