Page 3 Advertisements Column 6

Inangahua Times, Volume VII, Issue 1051, 20 February 1882, Page 3

Pubic Notices. EXCHANGE HOTEL, UPP K K Bl<f»A DW A V Lki yre>N. Nothing hut the best' Brands ant! Choicest Samples of WINES, ALES, and SPIRITS, kepi in Stock. Loftt and] tveli.- ventilated BepnouMs Voit, Visitors. i In connection with the Hotel the pro» prietor wishes to drawr the stun" tion of Manacers of Dramatic, Theatrical and olher Companies lo tlr •ODDFELLOWS' HALL,' i Which has lately been entirely renovated, enlarged, and fitted up in a manner to ensure convenience nnd comfort of audiences and actors, Comprising new scenery snd other ac»» ressories, includim. a magnificent Piako, necessary for tirst-class per* lormances, with Commodious Dress* me Rooms adjoining the stage, whick is the largest io Eeefton. Tbe Hali. will be let on fi£jf<-K-mB TsS-fe, and tio e»de_[Yb-aT*wilF_« spared to render the Hotel and Hall attiaetive to all Visitors ANTHONY KATER r Peopbibtok. PROSPECTUS OF THE INANGAHTTA DIAMOND DRILr* AND ROCK BORING MIN I ING COMPANY. Limited, Registered under "The Mining Com* pan ies' Act, 1872." CAPITAL .•£6OOO, in 24,000 shares il 6s eachTHREEPENCE on Application ; 81 on Allotment, and Calls not to exceed Gd per month. NO PROMOTERS 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-oughEn Mr Fraser Mr P. Butler Mr FitcGerald Mr Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer MrWatßon Mr M'Kay Mr Lore Mr Rail Mr Hankin Mr Murphy Bahkkbs : Tbe National Bunk of New Zealan* Limited, at Reefton. Hon. SKCU£TtI_T: Wm. Hugh Jones, Solicitor, Beefton, OBJECT OF THE COMPANY. The object of the company ii> intra* duction of the Diamond Drill ,«n ndmitted factor to eaccessful progress in mining, to prospect, Bt>d more speedily develop the valuable quarts reefs on the Wost Coa<t 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 quarts lodet. The benefit that would accrue to all classes connected with these goldfields, directly, sa well as indirectly, cannot possibly be better illustrated tban by reference to the following •tatement made in the Victorian i_o4tt>e «f Assembly, in the month of August last, by a member in support of a motion that £10.000 be placed nu the Fetiuiafes for 1882, to purchase diamond drills, Ac. : — " Tbe valne of the work performed by one diamond drill at Stawell is best 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, viz -—Crown Cross Unite*. Company, 19 044 shares, former price l-> 2 1 each : ptesent value 10s. South Cross United Company, 30,240 shares, former buyer.*, ls 2d ; present buyers, 6s. No*. 14, 15, and 16 South Cross, 14.400 scrip; furuier buyer* 4s lOd ; present buyers 14s 6d. _**>'os. 1 and '£ North Scotchmans, (formerly unsaleable) 8960 shares ; present buyers 10s. ihe value of the l.xtended has been increased by £22,000; Scotchmans Urited, £25 300, a* likewise the Pleasant Creek Cross Keei Company, and the Oriental. The f.rmid total value of these stocks before the discorery of the gold-bearing n-el i.i the Crown Cross United Company s sbalt by the aid of the diafiiond drill was about £41,16..; now tbe total of their value is £145.400 ; the one diamond drill jncreiismtc the value «■! mining property in this in. tauce £107,246. But tnis increase has only be_*.un to grow, and it is therefore difficult to cay what one or two more discoveries will effect." With such facts ard fig-ires before them there should be no doubt in the minds of those whose interests are wrapped up and intimately linked »ith the success or failure of the quartz reefing industry a- lo the neci'isity of promoting the furtherance of the present uidertuking, \rbich uud-r efficient and etireiul iiianageinent eannut (nil t» giv«impoitaiit ad to the development of the re* sources ol the district, and will in mid ir is act as a che**k upou th« liitlnrfo waste ut expenditure of huge sun»- ot money in tin construction of piospecimg tunnels nixl shafts. As a further incentive to the promotion of this company, it may he niPiiiioni'd th.it th« drills supplied by the Viciori-m -Jevernturtit proving luudequite io tlie leq.tirtiueiiis ol lis -oldfields, a com puny lias been formed in Ballarat. with a capital of £50,000, lor tho purchase of diamond diills, a d auother company for tlie sac purpose hits h<»en projected at Sandhurst, witii a . .piui ot £25,('i)0. It is intended to let tie drill for hire to any eompauy requiring it ; to take contracts lor boiing, ut.d inso to piv.peci any ground tl»-t n.av lierealter be acquired by lie coinptmy. Uutli the s-Utce.s ut the llu .ci inking is Imli ileiuoM-iialed hy •■► suiik irum !",_• m-e ot' one dill, wnnii it l* tim ikU-w vo uiili r ut an early dsite. on!v .1 fi.Miiou ot tin: cupitul wilt be called up, nd it i* c*»lr 'i ited that th« revenue -rifii-g trom tlie liiuiisj 011 i.| rlio machine will j'eld a Immisuntt- i>iuih in dividends, whicu limy at ihe discretion •>! tho shareholders, be ap*>n iniu'eil iv iho pui« chase of additional !i|»nli«nees. The luungahui. district ii pei-uhaily favorable for the operation ot the uiuhuhhl diiil. A meeting ot .ti-in-tii-Mer- *vi 1 Ik- called after 16,000 siians lia><* been »<|ilied :or, to decule upon Hie tutiii*.* cour-v, .-t op. ra lone. Koriul of anpliOjiton loi'shaiv. \y> cob tamed lroui vie v iHi.-igned. VV. 11. pALL BKCKU'TS Circular!., Scrip llili- Yearly Stateme its, V>y Slice-*, \. • elil i..'» 9 'i!i i» Ii 1. >*, -F » 1 t*i-: i ». !■• Oi'e Ctr.tr. 1 Bro;ulwa7 celt