Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1040, 25 January 1882, Page 3

Pub is I'euce. EXGHAICGJ. HOTEL, v p p ]*. j: ij ii o a d \v a y 1 k: vtox. Nothing but tbe l-cst I'rands and "L'hoict'St t*atnpliM "f Winks, ALKs.ami spi;:ri;s,i».pt in Stock. L"FTY _\l> WEtL-VENTILVrKP I*Kt>i.'oom* fjk Vmi-ons. In Ci->tinee'»rn with t'.e JJot-1 I !n* jiroprietor wishes to draw the ;ittfcution of Manic»*rs of Dramatic, Theatrical and other Companies to the •ODDFELLOWS' HALL,' Which has lately been entirely renovated, enlarged, and Bltpd up in a manner to ensure convenience and comfort of audiences and actors. Comprising new scenery and other ac» ressories. including a mn.nifieriit PiANO, necessary for first-rlasn p»r* tormfScts, with Commodious Dre>s» ing' Rooms adjoining th*» s'a.e, which is tbe largest in Reefton. The Hail will be let on T'easokab-K Terms, and no endtavuur will lie spared to render th" Hotel and Hall atti active to all Visitors ANTHONY KATER, Pbopbietob. PROSPECTUS CF THE INANGAHFA DIAMOND PRILL AND ROCK RORI.G MINING COMPANY. Limited, Registered under "The Mining Companies' Act, 1872." CAPITAL ;*£COCO, iv 21.000 shares at 5s eachTHREEPENCE on Application ; 3 I f n Allotment, and Calls rot to exceed 61 per month. NO FROHOTERS 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 M*l oughlin Mr Fraser Mr P. Butler Mr FitzGerald Mr Hobby Mr Boardman Mr "Walker Mr J. Gallagher Mr Archer Mr Watson Mr M'Kay Mr Lore Mr Ralf Mr Hankin Mr Murphy Bankers : The National Bank of New Zealand, Limited, at Reefton. Hoy. Skc„"et»k_ : Wm. Hugh Jones, Solicitor, Reefton, OBJECT OF THE COMPANY. | The object of the company is introduction of the Diamond Prill ,an admitted factor to successful progress in mining, to prospect, a_d more speedily develop the valuable quartz reefs on the West Coast of the Middle Island, the initiation of the movement primarily centering and opera ing in tbe well-known district of Inangahua, a locality famous for its rich quartz lodes. The benefit that would accrue to all classes connected with these goldfields, directly, as wpII as indirect'y, cannot possibly be better illustrated than ty reference to tlie following statement made in tbe Victorian House ot* Assembly, in the month of August last, by a member in support of a motion that £10,000 be placed nn the Fstiiuates ior 1882, to purchase diamond drills, &c. : — " The value of the work performed by one diamond drill at Stawell is best understood by the enhanced value of mining properties which iis discoveries have etfected. Calculations in this direction bave been made with some care, and are to hand, viz.— Crown Cross United Company, 19 044 shares, former price 1» 2 1 eich : present value 10s. South Cross United Company, 30.240 shares, former buyers, Is 2d ; present buyers, ss. Nos. 14, 15, and 16 South Cross, 14,400 scrip ; former buyers 4s lOd ; present buyers 14s 6d. Nos. 1 and 2 North Scotchmans, (formerly unsaleable) 8960 shares ; present buyers 10s. The value of the Extended has been increased by £22,000; Scotchmans Unitpd, £25 300, a's likewise the Pleasant Creek Cross Reet 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 oid of the diamond drill was about £41,164 ; now the total of their value is £143.400 ; the ono diamond drill increasing the value .f mining property in tbis instance £107,246. But this increase has only begun to grow, and it is therefore difficult to say what one or two more discoveries will effect." With such facts ard fJij.ires before them there should be no doubt in the minds of t ; ose whose interests «- c wrapped up and inti nately linked with the success or laihire of the quartz reefing industry as to thp necessity of promoting th° inrtherance of the present undertaking, wbich under efficient and careful tnanag-ment cannot fail to give important aid to the development ofthe res sources ol the district, and will in add it is act as a click upon the hitherto wa«te'nl expenditure of large sums of money in the construction of prospecting tuuuels and shalts. As a further incentive to the promotion of this company, it mny be mentioned th;it the drills supplied by the Victorian Government proving inadequate to the requirements of its .oldfieids, a company bus been formed in Ballarat. with a capita! ot £50,000. for the pu"''has:> of diamond d'il's, a>id siii.'ilier ompany for the sa-re purpose Ins h"'en projected at Sandhurst, with a capital of £25,000. It is inte ded to let the drill for hire to any company requiring it; to title contracts for boring, sit'd a so to nro'peet any .round that may herealter be acquired ty he company. Until the sucfss of the Ui lertakng is fulh demonstrated by results from the use of one dill. widen it is intended to order :it an ear'y d c. only a ponion of t ; ie capital will be c 1 c t up, .■ mi it i< cdcuMted that tlio revenue :iris>n£ from th:' h ritn; oat r'f tie machine «ill yield ;i hand-""")- return in dividends, whi^ti m -r at the discretion of the shareholders, be appropriated to the pur* chase of ndditional appliances. '1 he Inanguhmt district is peculiarly favorable for the operation < f the diamond dri'l. \ met tin. of shareholders wid be called afte' 1.'i.000 shares have been applied for, to decide i,p.)'i flic fut'.irc e"ur<t» ot oprraMcrts I'orm > i.f applicrtfon 'or shines to be oba tamed ir un iho vi i H cr- ; „'ned. \v. :r. /-^ALL EECEiTTS Circulars, Sciip L.iL* Yearly .tatenie.its. F;>y Sho.'ts, „,* the I:.r ;zi'i.ia 7. ■nr* - JX k\-h\ O i i ma..! _• ••/ui way eeit