Page 3 Advertisements Column 6

Inangahua Times, Volume VII, Issue 1034, 11 January 1882, Page 3

Public I>cu^c3. ! EXCHANGS HOTEL, j U P I' JJ li 11 li O .VDWAY, ].KiFrox. ! iSiithin<; l>i> t the liest l'r;uiJs utni j Choicest Samples ol WIN KS, A r,KS. an.l SPIIJ \ TS, kept in Stock. Lofty and wkll-vextilatkd Ukdj bol»m» Fok Visitors j In conncct'^n with ilic Unlel t!:c proprietor whites to draw the sidtuHon of MnnaKtfrs of Dmtnatir, Thcntriciil and filler Couipam- s to tlio •'JiJDPKLf.OWo' HALL,' Which has hlelv been entirely renovated, enlarged, and fitted up in v manner to en>ure convenience and comfort of audiences and actors, Comprising new scenery and other be« cessories, including n magnificent Piano, nocessiiry lor first- class performances, with Cbmnii.Hliom D»e»«« int; l>coms adjoining the sottie, which is the largest in lteefiuu. The Hall will be let on KiusrNAßi/« Tekms, and no endeavour will Oe spared to render tlif Hotel ami Hall a Ui active to a)i Visitor* ANTIJOIT. »ijp#Eß/ PfiOPBIBTO^ HOTKLTO LET. mo LET.-THE QUARTZ KEEP HOTEL, Black's Point. For fun ther part.*culars'apply to Thomas Lbb. PSQSPECTUS OF THE INANGAHUA DfAMOND DRILL AND ROCK fiOJfliVG MIMbiQ COMPANY. Limitbd, Begistered under " The Mining Coui* panics' Act, 1872." CAPITAL : £6000, m 24,000 shares st 5s each. THREEPENCE on Application ; 31 oa Allotment, and Calls not to exceed 6d per month. ' NO PROMOTEKB SHARES. PROVISiaNAtL COMMITTEE : Mr Bowman Mr Lewis Mr Hunter Mr Lecky Mr Breanan Mr Jones Mr Potts Mr Wise Mriee Mr Beeehe Mr Cohen Mr Ml onghlta Mr Fraser Mr P. Butler Mr FitxGerald BY Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer Mr Watson Mr M'Kay Mr Love Mr Bftlf MrHankin Mr Murphy Bakkxbb : The National Bank of KeW Zealand,' Limited, at Beeflon. HON. SKCBBTiBT : Wm. Hugh Jones, Solicitor, B^eftoa, OBJECT OF THE COMPAIT?. The object of the company is introduction of the Diamond Drill ,an admitted factor to snooessfal progress in mining; t& prospect, and more speedily develop fbe valuable qnarti reefs on the West Coast of the Middle Island, the initiation of the' movement primarily centering and openrhig" in the well-known district of Inangibua, a locality famous for its rich quartz lodes. The benefit that would accrue to all classes connected with these goldfields, direstiy, as well as indirectly, cannot possibly be better illustrated than by reference to the following statement made in the Victorian House of Assembly, in the month of August last, by a momber an support of a motion that £10,000 be placed nn the Fetiutates for 1882, to par* cbase diamond drills, Ac «—" The value of the work performed by one diamond drill at Stawell is bett understood by the enhanced value of mining properties which its discoveries have effected. Calculations in this direction have been «ade with some care, and are to band, vis — Crown Cross United Company, 19044 shares, former price 1* 2i each : ptesent value 10s. South Cross United Company, 30,240 shares, former buyers, Is 2d ; present buyers, 6s. Nos. 14, 15, and 16 South Cross, 14,400 scrip ; former buyers 4s lOd j present buyers 14s 6d. Nos. 1 and 2 North Scotchman*! (formerly unsaleable) 8960 shares ; present buyers 10s. The value of the Extended hrn been increased by £22,000; Scotchman 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 in the Crown Cross United Company s shaft by the aid of the diamond drill "was about £41,164 ; now the total of their value is £148,400; the one diamond d*fll increasing the value wf mining property in this instance £107,246. But this increase has only begun tt grow, and it is therefore difficult to say what one or two more discoveries will etto> t." With such fact* ard GgJre3 he'ore them there should be no doubt in the minds of those whose interests are wrapped up »nd intimately linked with the ?ucre«s or »Hilnrc of the quartz reeling inrlu*'ry »* to the npceisity of promoting the lurihentnee ,-.f the present undertitkinji, which under efficient ! and carelul nanag-ment cannot lull to give important »>d to the development of the re* 1 soureesol the dislriet. and will in add it is act us a uhe'-k upon the hitherto wiute'ul exprnditure of large Minis of money in the construction of puwpecling^ tunnels and shalt*. ' it ,'". As a further incentive »«> Hip promotion of thi* compniv. »* " mv ht> ""'"'i""" 1 ' tll!lt tltn drills supplied by the Victorim Government ■ pnmii!: miidequito u> the ieq>tirements of it? a company has been formed in Ballanit. with a capital ol £50000, for the purcha*'* ot (tituiumil dills, :i> >\ Miioilie.' eonipanr lor tnc sa c purpose li«s hi-en projected nt Sandhurst, wit'< a ciipitiil ol £25,< Vl 'l. I' i* intcded to let tne drill tur n re to any j company reqiiirinj; it ; to tnkp co>nracts 'or f ! boring, vial to iT»*pec: uiiy snntnd th:t n;.'i v hert-siltcr be acquired 'y lie romp my. i Until Ihe fuece-t< o! rhe umicr:.ikii!^ is fuih (Ipmnnstraicii l>y n-suil* ironi tKe u>e ot out- :'.'ill. wiiich it is ins-sided to order nt j an eiirlv d=«ie. only a n niion of fie raoitul j will be'calied up, : ;id it t* c.-ile -ii it.-.l ilpir the ! revenue jiris'i.g Mmn the lining nit uf the ! machine «i!l >'c'(l « li»"il»«im,,. return m dividends whien in >v :i» the rl>«i-r-tio i of il>>; shoiuhoKiers, lie upp'rpiia'ed U> the pm« i-lm.-e of i:ddiiion:i! :ip|'li-nnv.«. The liiai:siiilu>:» di*lri<-t i* pecu'iar.v favurublo for the o|;.-r«iti-n "'. U'<- dMinonil drill. A meeting of Mi -ivh.-ld. ra wi I he eulir.i j sifter lii.ooo >n-iri-s liau- I) •. n itpplitd lo>', to I diciJc hjion Hi- tut nr.- coui'm- i-\ <>|).-ra'.|i.n-. j Fui'in' ul',i|'^iir,iium for !>hatt'9 to V üb* i laired H"iii >tie " a. r-ii'iicl I U. I!. i / "v-Vl/u i. KCi'.i I'i.S Ci.cuiu..-, .v vl p i u.-h-Vetir'-y S«:i»i-me -I*. ".y \ [tllO ll!llM:i!Ull !I .1 ■*.-.], I 1.-l, (;■,.. li