Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1043, 1 February 1882, Page 3

P-dbio Xcticss. i — ___________^__ , i EXOHANGS HOTEL. i ' : U P IMUi r, it f) A 1) \y v V j I.KiKrO.V. j i^othiii'j lute the* best j'inmis niul [ Clii>ic- : st i>f j \\7}\KS, ALKS.nnd Bl'l!nTS,U r t W l" StocK. LOFTT AND I.'dd-KOuM-i F K VISITOBS. In connection with the H>U>l )'>p proprietor wishes to draw ihe attention of Managers of Dramatic, Theatrical and otber Companies to the •ODDFELLOWS' HALL,' Which has lately been entirely renovated, enlarged, and fitted up in a manner to ensure convenience and comfort of audiences and actors, Comprising new srencry and other ne* ressoric?, including a mmmifirent Pjaho. necessary for first-class performances, with Commodious Dressing Rooms iidjoinint; the pia^t*, which, is the largest in Reefton. Tbe Hall will be let on REi«ryABLK Terms, and no rndoavotir will b«» sptired to render th • Hotel and Hall at tt active to a! I Visitors ANTHONY K A T E R , Pbopbietor. PROSPECTUS OF THE INANGAHUA DfAMOND DRILL A^iD ROCK BORING MIMING COMPANY. Limited, Registered under "The Mining Com* panics' Act, 1872." CAPITAL :'£6ooo, in 24,000 shares at 5s eachTHREEPENCE on Application ; 3 1 en Allotment, and Calls r.ot to esceed GJ per month. NO PBOMOTEIiS SHARKS. 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 FitzGersld Mr Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer Mr Watson Mr M'Koy Mr Lore Mr Rftlf MrHankin Mr Murphy Bankbbs : The National Bank of New ZcnlamT, Limited, at Heefton. llov. Skchbtmby : Wm. Hugh Jones, Solicitor, Eeeflon, OBJECT OF THE COMPANY. The object of tho company i.< introduction ot the Diamond Drill ,an admitted factor to successful progress in mining, to prospect, and more spe.Mily derelop tbo valuable quartz reefs on the West Const ci the Middle Island, the initiation of the movement primarily centering and opcrn ing in the well known district ot Inanguliua, v locality famous for its rich quartz Icxir*. Tbe benefit that would accrue to all classes connected with these goidfield.*, directly, us well as indirectly, cannot possibly be better illustrate.! than br relerence to the following statement made in the Vk-tcmn Douse vi Assembly, in the month of August lost, br :i member in support of a motion that £10.000 be placed nn the Fi-tuuates lor 1882, to purchase diamond drills, &c. : — " The value of the work performed by one diamond drill at Stawell is beet understood by tbe enhanced valuo of mining properties which iis dis - coveries have effected. Calculations in this direction huve been made with some care, and are to hand, viz.— Crown Cross United Company, 19 041 share?, former price 1* 2t each : present value 10s. South Cross United Company, 30.240 shares, former buyer.-. Is 2d ; present buyers, ss. Noo. 14, 15, and 16 South Cross, 14.400 scrip ; former birrcr* 4s 10il ; pres. Nt buyers 14< 6d. No?. 1 and 2 North Scotchman?, (formerly unsaleable) 8960 shares ; present buyers 10s. The value of the Kvtmided h»<» been increased by £22,000; Scotchman* United, £25 300, as likewise the Pleasant Creek Cross Keel Company, and the Oriental. Tho 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 tho diamond drill was about £41,164 ; now tbe total of their value is £148,400 ; the one diamond drill increasing the value »f mining property iv this instance £107,216. 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 aid figjres before them there should be no doubt in the minds of those whose interest* me wrapped up and intimately linked with the success or tnilure of the quartz renting industry ai to the ueetisity of promoting the lurtheranre of the present undertaking, which under tflicient and c.-ireiul uianageinont cannot fin! to give important aid to the development o! the re* sources ot the district, and will iti a-ld iti? act as a clie'.-k ujiou tl'« hitherto wa-steiu expenditure of large suites ot money m th construction of piosoeetiug tunnels an> shait.*. As a further incentive to t'if> protnotion r thm company, it may be mentioned that th drills supplied by the Victori m Govprnn-.en proving uiudiquite to the requirements ol i' t!oldfield<, a company has been tbrsned ? Bullanit. with a eajnial o! £50.000, for tl purebiM:- ol liiuuiouii ills, n-.'i :\t\oi\irf •• >r pany tor the sa c purpose has been proj ct. at bandhur^t, wit 1 * a capital ol £25,000. It is iute"ded to ie( the drili tor tiiiv to n» com;iaiiy ivqiuriu>; it ; to take co-i. r:\ct-* !-, boring, atul mso to iirmpect any s£ioun<l th 1 j uav h(!rruiter be acquired *y he cO'iip;my. Until the Micce-s ol the usiiiertakitti; i |'uil> desnoiistrate I by re^niis irom t!.e u-e c oiirt linll, wliii-h it i? iirciide.l to or.lcr a' an ear'it f tale, only rt |xiriion o! tlie i*up;t'il ; w;il lie cai'e! up, i lvi ii i* i-alcviiiiteJ lhat th« ivvvnuc iiriMi.g tiMin I lie hiring o-ti ot tl>? mvi linii- will \ ielil ;i lni'ii^n'iif lc'urn i»i divi'triiils. >vhi.:'i ut > v at (lie liui'ri-tio'i ol thi» ! shai-eliolii.-i-si. bii ai.ii',,v|)ritite.l u> the pur* i ch.irip oi ' uiUliuoii-ii :i!>i>hiinci"<. The liiuiiiMini!. distiir-t in ptMiliar'r favorable lor tlif o'.i-rstioii ot ii,o di-uuciiul *In'i. \ tne. ting ut *h: ivhoMots wi>l bo eallei! after Id.OOO l s Ir.tvo b-.rn ap^lird for, to ; decide upon Hie tulur.' co u-o ol cli.i -aiion«. bur.i' • t-t :i|'|.«;ii-,,:i •:) tvr jluiii ■» !■» ' c ob tnilirvl li'.<ili ..n' I! (i; r.-l;Mlt'il ; w. If. ! r^VLfi II lit' LILTS Circulars, <■ ip ; \j ! <\ .l>3" ■:nr!v l.iy-Jsh'.-e:*, | ihe laii;.'ii<. I.n ifs. .T,-.b Pni. : - 8 - i I ■• o- tr.-'i : 1 o-..'.'.v •;• 1 1 -l