Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1052, 22 February 1882, Page 3

Pubic Notices. EXCHANGE HOTEL, UPPIi! H H U OADWAX Eei-stox. t — — NollHng but tbe best" Brands and' Cboieest Samples of WINES, ALES, and SPIRITS, kept in Stock. Lofty and I'^well- ventilated Bei«» koums fob Visitors. In connection with the Hotel the pro* prietor wishes to draw the atteation of Managers of Dramatic, Theatrical and other Companies to tbe •ODDFELLOW^ HALL, 1 Which has lately tigjUlMrely renovated, enlarged, anontted up to • manner to ensure convenience «nd comfort of audiences and aetcrv, Comprising new scenery and ofber te» ressories, including a matnificent Piano, necessary for tirst-eliss per* formances, with Commodious Drett* ing booms adjoining the flag** which is the largest in Beefton. The Ball will be. let on Biasovablv Tbbhs, and no will be spared to render th* Hotel and lia^gftiscture to sli ANTHONY K A TE R , Pfion&BTOß. PROSPECTUS OF THE TNANGAHUA DIAMOND DRILL JL AND ROCK BOBIPG MIN ING COMPANY. Limited. Registered under "The Mining Com* pan ies' Act, 1873.** CAPITAL :'£6ooo, in 24,000 shares at 6s each: THREEPENCE on Application ; Sd on. Allotment, and Calls not to exceed 6d per month. NO PROMOTERS SHARES. PROVISIONAL COMMITTEE i Mr Bowman Mr Lewis Mr Hunter Mr Lecky Mr Brenoan Mr Jones Mr Potto Mr Wise Mr Lee Mr Beeche Mr Cohen Mr M'loughtin Mr Fraeer Mr P. Butler Mr FitzGerald Mr Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer Mr Wateon Mr M'Kar Mr Love Mrß*ll MrHankin Mr Murphy Barkbbb : The National Bank of New Zealan Limited, at Beefton. Hon. SxcBSTtBY: Wm. Hugh Jones, Solicitor, Beefton, OBJECT OF THE COMPANY. The object of the company U introduction of the Diamond Drill ,an admitted factor to successful progress in mining, to prospect, atd more speedily develop the valuable quarts reefs on the West Coast of the Middle Island, the initiation of tbe movement primarily centering and opera log in the well .known district of Inangaboa, • locality famous for its rich quarts lodes. The benefit that would accrue to all classes connected with these goldfield*, direotly, as well as indirectly, cannot possibly be better iHaatrated than by reference to the following statement made iv the Victoriwi House ef Assembly, in the month of August last, by s> momber iv support of a motion that £10,000 be placed no the Estimates for 1882, to pur* chase diamond drills, && .•— " The value 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 ©are, and are to hand, vis.— Crown Cross United Company, 19044 shares, tonner price 1* ii each : present value 10s. South Cross United Company, 30,240 shares, former buyers. Is 2d ; present buyers, ss. Nos. 14, IS, and 16 South Cross, 14,400 scrip ; former bujers 4s lOd ; present buyers 14u 6d. Nos. 1 and S North Scotchman?, (formerly unsaleable) 8960 shares ; present buyers 10s. The value of tbe Extended has been increased ot £22,000; Scotchmans United, £26800, ac likewise the Pleasant Creek Cross Beet Company, and the Oriental. Tbe grand total value of these stocks before the discovery of the golcUbearing reel ia the Crown Cro* : United Company s shaft by the aid of ttaf* 1 diamond drill was about £41,164. j bow tbe lutal ot their value is £148,400) th* one diamond drill inciebsing tbe value wl «ming 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 moro discoveries will effect." With such facts aid figures before them there should be no doubt in the minds of j tuose whose iuterests are wrapped up and intimately liuked with tj»« tucce* or lailure of the quartz reefing industry a* to tbe necetsity of promoting the furtherance of the pre&eut undertaking, which undor rniotenl und caret ul u>anag»!uient cud nut lail to five important md to the development ef tbe re* sources ol tbe district, aud will id axiti it w act as a che-.-k upon th« hitherto wasteful expenditure of large suote ol money in th« construi-tiuu of prospeutiug tuuue>s aud suaits. As a further incentive to the promotion of this company, it may be mentioned that the drills supplied by the Victori .n Uovennueni proving inadequate to tbe requirements ol its goldfield*, a company has been formed i» Ballarat, with a cvpual of £60,000, for the purchase tf diamond d-ills, and another com* pauy lor tue sac < c purposo hns bren projected at Sandhurst, with a capital of £25,000. It i« intended to let tue drill lor hire to any company rtt^uii'ing it ; to take contracts for Luting, and ai*o to prospect any ground that Uiajr utrruiter bo acquired ly lie ootnpsny. Until the eucctu of the undertaking is luih uenionst rated b^ results Iroiu the urn of one dnll, which it i» intended to order at an early rlnte. only a portion ot the capital wilt be cttiic-d up, ud it is <.«lcui«ted the* the revenue iiritMi.g irotu the hiring oat of the machine will y\c\d a handsome return in diviJi'uds, »l»icu in. it at the discretion of the shareholders, he appropriated to the pur* chase of ud>litionut appliances. Die lnangulmx district is peculiarly favorable lor tlie o].<emtiuu of the diamond drill. A meeting of fh.m holders will be called after lo.OUO s>.uu\e have been ••-plied for, N) dt'Ciue i.pui l lie laturc coursv of optra>idns. torihs vi applicuiion tor shares to be ob laincd iruiu the v. designed. VV. H. p\AhL KKCKiITS Circulars, Sciip ii .11-Year'y Statcuie.its, Pay Sheets, k: elil i ng ill i « Ti.u.M, J) , t»nin i iu - () '!]» t-culral Uroudwaj ccft