Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1046, 8 February 1882, Page 3

'i m -■ ,i ■ " ■ i-^-Pubic Notices. i - | EXCHANGE HOTEL, UPPER BIIOAU W A T 1 EEFTON". . ! Nothing but tbe lost' Brands and Choicest Samples of L \I7I^KS. ALKS. and SPIIUTS, kept VV in Slock. Lofty anp well-ventilatkd I3ep— boom* fur Visitohs. • In connection with the Hotel tlie proprietor wishes to drxw the ntttntion of MsnuEcrs of Drmuatic, » Theatrical and other Companies to the' f -ODDFELLOWS' HALL,' ' Which has lately becu entirely renovated, enlarged, aud fitted up in a • manner to en&ure convenience and comfort of audiences and actors, Comprising new scenery and other gc« ressories, including a magnificent Piano, necessary lor firat-cluss per* lormanefs, with Commodions Dressing Kooms adjoining the state, which is the largest in Heefton. The Hall will be let on Hki* kablb Tebms, and no endeavour will be spared to render th» Hotfl and Hall attiactive to all Visitors ANTHONY KATER, Pbopbietob. PBOSPECTUS OF THE INANGAHUA DfAMOND DBILL AND liOCK BOEIU'G Ml^l^Cr COMPANY. Limitep, Registered under "The Mining Coma [ panics' Act, 1872." CAPITAL :*£6ooo. in 24 000 shares it 5s each> 1 THREEPENCE on Application ; 3d on ! Allotment and Calls not to exceed 6i per month. NO PROMOTERS SHIRES. PROVISIONAL COMMITTEE : Mr Bowman Mr Lewis Mr Hunter Mr Lecky Mr Brenoan Mr Jones Mr Potts Mr Wise Mr Lee Mr Beeche Mr Cohen Mr M'loughlin Mr Fraser Mr P. Butler Mr FitsQerald Mr Hobby Mr Boardtnan Mr Walker Mr J. Gallagher Mr Archer ' Mr Watson Mr M'Kty Mr Love Mr Balf MrHankin Mr Murphy Baitcbbs : , The National Bank of New Zealan Limited, at Reeflon. Hon. Sbcbbtabt : Wm. Hugh Jones, Solicitor, Reefton, OBJECT OF THE COMPANY. The object of the company is introduction of the Diamond Drill ,an admitted factor to successful progress in mining, to • prospect, and more speedily develop tbe valuable qnartz reefs on tbe West Coast of the Middle Island, the initiation of the movement primarily centering and opera ing in the well-known district of Inang abna, a locality famous for its rich quarts lodes. The benefit that would accrue to ail classes connected with these goldfleldc, directly, aa well as indirectly, cannot possibly twt better illustrated than by reference to the following statement made in tbe Victorian House of Assemblyt in the month of August last, by a member iv support of a motion that £10,000 be placed nn tbe Fiti mates for 1882, to pur* cbase diamond drills, 4c :— * Tbe value of the work performed by one diamond drill at Stawell is beet understood by the enhanced value of mining properties wbioh its discoveries have effected. Calculations in thia direction have been made with some care, und are to hand, vii.— Crown Cross United Company, 19 044 shares, former price la 81 each : present value 10». South Cross United Company, 30.240 shares, former buyers, Is 2d ; present buyers, 6s. Not. 14, 15, and 16 South Cross, 14.400 scrip ; former buy era 4s 10J ; preset buyers 14s 6d. Nos. 1 and 2 , North Scotchman?,* (formerly unsaleable) 6960 shares ; present buyers 10s. The value of the K&tended has been increased by £22,000; Scotchman* United, £25300, aa likewise the Pleasant Creek Cross Beet Company, and the Oriental. The grand total value of these stocks before the ditcovery 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 tbe total of their value is £148,400 ; tbe one diamond drill increasing the value v>f mining property in this instance £107,246. But tiiia increase has only begun to grow, and it is therefore difficult to my what ona or two mow discoveries will effect." With such facts ard Jgjres before them there should be no doubi in the minds of those whose intervals •re wrapped up and intimately linked with the pucreas or tailure of the quartz reefing industry a# to the neCiffeitr of promoting the furtherance of the present undertnking, which under efficient and careful uianngtinriu cannot tail to givw important aid to tlie development of the re* sources ol the district, and will in add it is act us a che^k upon th» hitherto wasteful expenditure of large sun«e of money in theconstruction of pi rejecting tunnels aud *liaft». As a mrther incentive to the promotion of this company, it utay he mentioned that the drills supplied by tbe Victorian Gi>veriniunt proviug iuudtqu.it e to tlie requirement* ol it* poldfields, a company has bren tormed in Bullarat. with a capital ol £50,000, lor tho purchase of diamond drills, wid anotlie.' company for the aa ■ c purpose has bi*en projected at Sandhurst, with a capital of i' 25.000. It is intended to let the drill tor hire to any company requiring it ; to take con tracts lor boring, und utao to prospect uny tfruuud that ii. ay here alter be iicquired by 'he company. Until the euccoes ol tbe utideriuLing is full} demonstrated by results irom tl.e u»e of one drill, wiiicli it is initialed to ordir at an early date, only a port ion ot Hie cnitit.il will be called up, ■■ nd it is cnlcttittcd I hut tbe revenue nruug Iroui the lining oat ol tho machine will jield a handsome return in dividends, whicu iDiiy at ilie discretion of the shareholder*, be appropriated to the pui« rbuee of ndditiontil uppliitncc*. The Inuiigaliim district i* peculiar, v fuvi.rable for the operation of tlie diiliiiond di-i.L. A meeting ot «liHr«-lioldi.Tß will be called after 1*3,000 »imr>'s have be»-u ap|ili«;d lor, to . ' decidn upon tlie tut it re course ot t>i>er«-i<>n*. Foruis of appliutttioji tor shares tw ")e ob • taiiud troui Uiu uiiierri^ned. VV. If. /^ALL Ki£CElFi':> Circulars, Ssc ip Kj tiulf-Y.urly Sttttciiiu us, P.iy bbycis, iVc o hlu jti^ijliiu Ii Hi-s. ,1 1 i iVii u,i^ O.'ie Central Urwaii«^ eAI