Page 3 Advertisements Column 6

Inangahua Times, Volume VII, Issue 1045, 6 February 1882, Page 3

Pub'io Notices. EXCHANGS HOTEL, UF P B -K B nC) A D WA V j BeEFTON. ! Notbinj? bat the best' Brands nncl Choicest Samples of WINES, ALES, and SPIIUTS, kept hi Stock, Lofty ajtd well-vestilatei> Bedrooms fob Visitobs. In connection with (he Hotel the proprietor wishes to draw the attention of Managers of Dramatic, Theatrical and other Companies to the •ODDFELLOWS' BALL,' Which has lately been entirely renovated, enlarged, and fitted up in a manner to en&are convenience and comfort of audiences and actors, Comprising new scenery and other ac« cessories, including a magnificent Pjano, necessary for first- class per* formances, with Commodious Dressing booms adjoining the stage, which is the largest in Keefton. The Ham. will be let on KbasonabliE Teems, and no endeavour wilt be spared to render th* Hotel and Hall attiactive to all Visitors ANTHONY KATER, Phopbietob. PROSPECTUS OF THE INANGAHUA DIAMOND DRILL AND KOCE BOBIJVG MINING COMPANY. Limited, Registered under "The Mining Com* pan tea' Act, 1872." CAPITAL: '£6OOO, in 24,000 shares at 5s each. THREEPENCE on Application ; 3d on Allotment, and Calls not to exceed 6d per month. NO PROMOTERS SHA.RES. PROVISIONAL COMMITTEE : Mr Bowman Mr Lewis Mr Hanter Mr Lecky Mr Brennan Mr Jones Mr Potts Mr Wise Mr Lee Mr Beeche Mr Cohen Mr M'loughlin 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 MrHankin Mr Murphy Bankbbs : The National Bank of New Zealand, Limited, at Reefton. HON. SKCBET4ET : 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, and more speedily develop the j valuable quartz reefs on the West Coast of the Middle Island, the initiation of the movement primarily centering and opera ing in the 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 well as indirectly, cannot possibly be better illustrated than by relerenoe to the following statement made in the Victorian House of Assembly, in the month of August last, bj a moaiber in support of a motion fhnt £10,000 be placed nn the Estimates for 1882, to pur« chase diamond drills, &c. : — " The value of the work performed by one diamond drill at Stawell is beet understood by the enhanced value of mining properties which its discoveries have effected. Calculations in this direction have been made with some care, and are to hand, via. — Crown Cross United Company, 19044 shares, former price Is 2d each : 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 Scotchman?, (formerly unsaleable) 8960 shares ; present buyers 10s. The value of the Extended has been increased by £22,000; Scotchmana United, £25 300, as likewise the Pleasant Creek Cross Beet Company, and the Oriental. The grand total value of these stocks before the discovery of the gold«bearing reef \a 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 drill increasing the value uf mining property in this 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 and figures before them there should be no doubt in the minds of those whose interests are wrapped up and intimately linked with the success or failure of the quartz reefing industry as to the necetsity of promoting the furtherance of the present undertaking, which under efficient and careful management cannot fail to give important aid to the development of the res sources of the district, and will in add it is act as a check upon th« hitherto wasteful expenditure of large sud.b of money in the construction of prospectiug tuuueta and shafts. As a further incentive to the promotion of this company, it may be mentioned that the drills supplied by the Victorian Government proving inadequate to the requirements of its goldfields, a company has been formed in Ballarttt, with a capital of £50,000, for the purchase of diamond drills, a>.d another company for the sac ■ c purposo has been projected at Sandhurst, with a capital of £25,000. It is intended to let the drill for hire to any company requiring it ; to take contracts lor boring, and uiso to prospect any ground tint may hereafter be acquired by 'he company. Until the success of the undertaking is full} demonstrated by results trom the use oi one drill, which it is intended to order ut an early date, only a portion of the t-apitul will be called up, uud it is calculated that the revenue arising from the hiring odt of t!ie machine will yield a hti'iiisonio return in dividends, whicu may at the discretion of the shareholders, be appropriated to the purchase of itcldifiona! appliances. The Innngahutt district v peculiarly favorable for the operation of the diamond drill. A moeting of shurehulders wi'.l b>; called after lU.OOO allures havu been applied for, to decide upon the itiluro cour*p of i>pei\i.i .in*. Forms of applit::iU»:i for shares to bo ob tamed irum the v. ciriv-i^ueil. W. H. i-^ALL B ;•::.: KIPT3 Circulars, Scr j iiull". Yearly State ne.its, Puy-Shoc's, <tc he laangab.ua Ti ios ; Job Prtini.^ OiSe v eutral Broad vtjj celt