Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1047, 10 February 1882, Page 3

EXCHANGE HOTEL, U P P E It BRUADWA V Bekfton. Nothing but tbe best' Brands and Choicest Samples of WINES, ALES, and SPIU ITS, kept in Slock. Lofts and well-ventilated Bi;d~ BOOMS ffoK VISITOBS. In connect'on with tbe Hotel the pioprietor wishes to draw the attention of Managers of Dramatic, Theatrical and other Companies to the •ODDFELLOWS' HALL/ Which has lately beeu entirely renovated, enlarged, and fitted up in a manner to eniure convenience snd comfort of audiences and actors, Comprising new scpnery and other ac« cessories, including a magnificent Piano, necessary for first- class performances, with Commodious Dress* ing lfooins adjoining the stage, which is the largest in Keefton. The Hali will be let on Bkabowabm Terms, and no endeavour will be „ spared to render th- Hotel »uU HaU stb active tofali Visit* AftTtlONY * PfiOPfiIETOB. PROSPECTUS OF THE INaNGAHUA DfAMOND DRILI* AND KOCK BOBING MINING COMPANY. Limited Begistered under "Tbe Mining Com* paoies' Act, 187?." CAPITAL :"£6OOO, in 24,000 shares it 5s each. THREEPENCE on Appl-cation ; 3d oa» Allotment and Calls not to exceed 6J per month. NO PBOMOTERS SHARES. PROVISIONAL OOMMITTfiEt Mr Bowman Mr Lewis Mr Hunter Mr Lecky Mr Brennan Mr Jones Mr Potts Mr Wise Mr Lee Mr Beeche Mr Cohen Mr M'loughlio Mr Eraser Mr P. Butler MrFitzGerold Mr Hobby Mr Boardman Mr Walker Mr J- Gallagher Mr Archer Mr Watson Mr M'Eay Mr Love Mr lUlf MrHankin Mr Murphy Bakkebs : The National Bank of New Zealait Limited, at Keefton. Hon. Secure *bx : Wm. Hugh Jones, Solicitor, Reefton, OBJECT OF THE COMPANY. The object of the company is intro* duction of tbe Diamond Drill ,tn admitted factor tfb successful progress in mining, to prospect, abd more speedily develop the valuable quarts reefs on the West Coast of the Middle Island, the initiation of the movement primarily centering and opera ing in tbe well known district ot luangahua, alocality famous for its rich quarts lodes. Tlie benefit that would accrue to all classes connected with these goldfields, directly, m well as indirect^, cannot possibly be better illustrated than t»y r«tereno« to the following statement wade in the Yktorinn House of Assembly, in the month of August lust, by a member iv support of a motion that £10.000 be placed nn tbe Fetiuiates lor 1882, to pur* cbaae diamond drills, &c. : — " The value of the work performed by one diamond drill at Stawell is bett understood by the enhanced value of mining properties whioh its discoveries have effected. Calculations in this direction have been made with some cwv, and are to hand, viz.— Crown Cross United Compuny, 19 044 shares, loruier price In Si each: piesent value 10a. South Cross United Company, 30240 slmres, formt-r buyer., Is 2d ; present buyers, ss. No*. 14, 15, ami 16 South Cross, 14,400 scrip ; former bujer* 4a lOd ; present buyers 14s 6d. ftos. 1 and 2 North Scotchman*, (formerly unsaleable) 8960 shares; present buyers 10s. The value of the Kxtemled has been increased by £22,000 ; Scotchman* United, £26 3UO, as likewise the Pleasant Creek Cross Keei Company, and the Oriental. The grand total value of these stocks before the discovery of the gold-bearing reel' in the Crown tro»s United Company b abaft by the aid of the diamond drill was about £41,164 ; now the total of their value is £148,400 ; the one diamond drill incieusing tbe value mining property in this instance £107,246. llui ttns increase has only begun to grow, and it is therefore difficult to cay what one or two more discoveries will etfe. t." With such facts aid figures before them there should be no doubi in the minds of tnose whose interests me wnpt>ed up nn«l intimately linked with the t>uuce!<s or failure of the quartz reeling industry a* to the in— CiiMty of promoting the furtherance of thu present undertaking, which und'T efßciviif; und carelul n^anug-ment cannot fail to gi»v inipui taut a<d to the development of the re* sources of tbe district, and will in add it is act as a check upon t)<» hitherto wasted:! expenditure ol large suma of money iv (he cun*trui-tiou of prospecting tunnels and shatts. As a lurthor incentive to the promotion of this company, it may be uieitiimifd thit tiio drills supplied by the.Victorinn (iovemnietit proving inadequate to the requirement* ol us uoldfields, a company hus been Jorinrfd in ' Ballarat. with a capital ot £50pX>, for tho purchase of diamond diill*, mid another company lor the sa c purpose hns bren projected at Sandhurst, with » capital ot £20,000. It is intended to let the drill (or hire to any com puny requiring it; to take contracts lor boring, und mso to project uiiy ground that v.ay lierealter be acquired by • lie company. Until the cuci-ers ot the undertaking is fuih demonstrated l>y results irom tlie Uee of one d'lll, wliich U is iuiemled to order at un early rLite. only v portion of tie capital will be called up, nd it U c.ile liated that the revenue ari»n g irom tlie hiring oat of the mar lime will jield v Ini'idso'Me return 1,1 dividends, wliicit Ui;iy at the discretion of this I shareholders, be appropriated to the pui« i chase of additional applntnces. The luui:gahnit district is peculiar y favorj able lor the operation «•! tlie Ut:imoud drill. ' A meeting of shareholders will be vailed ' after Ib'.OUO shares hare been applied for, to decide upon the future course ot opera, ions. j Form} of application lor *hur*s 10 cob i tamed iratn Un. underpinned. ! w. H. /^ALL KECK I ITS Circulars, Scrip U.ili-Yearlr Statcme >ts. ra^-Shects, ,V,---e liluin^.ihui i'i:ii-'«. -F.il> t'ruuin i 1 " '''c l'c:.tr.il L';o.ii!w. 7 c. it