Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1053, 24 February 1882, Page 3

Pablie letica* EXCHANGE BBH&* UPPER BROABf Af Sebpton. ' Notbisg but tbe best" Brands and" Choicest Samples of WINES, ALES, and BPIRtTS,kep» in Stock. LOFTT ANP V ;WIXL-VSimiATID Bl»» books »ob Ynitoas, In connection with tbe Hotel tbe preprietor wishes to draw tbe attea* tion of Managers of Draaatie, Theatrical and other Ooßpaoies *• thr •ODDFELLOWS' HALL,* Which hat lately been eutirdy re» novated, enlarged, and fitted up iv a manner to enture convenience sad comfort of audiences and actors, Comprisini new scenery and other as* ressories, including a macnifleeat Piako, necessary for first-lass per* formances, with Commodious Dreat* ing booms adjoining tbe stafe* which is tbe largest ia Reefte*. The Hall will be let oa BiasoSaM* Tkbms, and no endewwwt tafrgt spared to render th# IMI mk Hall attiaetive te all Tisilif* ANTHONY KATBR, PBOraiBTOB. PBOBPECTUB OF TBS INANGAHUA DIAMOND BBltL AND ROCK RORING:MINISS COMPANY. LmrrxD, Regiatered under **The Miarac Ossaa panics' Act, lttt.* CAPITAL :-£6OOO, in M^OO^hafM aft 6s each* THREEPENCE on AppUeatio* ; 94 em Allotment, and Ceils Mt to eafljati edpermeatav NO PROHOTXBt BHiAtel provisional ooummaii Mr Bowmen HrLawb Mr Hunter Mr Leaky Mrßrennaa Xrloast Mr Potts Mr Wise Mr Lee Mr Besehe Mr Cohen MrM'l-euaMw MrFrastr MrP.B«S» MrFitsOerald Mr Hebby Mrßoardman Mr Walker Mr J. Gallagher Mr Archer Mr Watson Mr M«Kay Mr Love Mr Half MrHankin Mr Murpby Bakxbbs : The National Bank of New Zeaka Limited, at Beefton. HOT. BBOBST JBT : Wm. Hugh Jones, Behettev, Bseftea, OBJECT OF THI COMPArTT. The object of tbe company is iarro* duction of tbe Diaawjod Drill ,aa sdautted factor to successful progress in aimißf,ts) prospect, and more speedily dcvclea tbe valuable qoatts rseft oa tbe West Oeatt of the Middle Island, the faitiatieß ef tbe movement pnasanljr esßtsvfaW, BtM eftera iflg in the weH-kaowa districi ef luangehoa, c leeahiy fcsseoa for its rkb o^sarts lodes. The benefit that would aecraete eMeUsses connected with these gold! elds, directly, w well as indirectly, cannot possibly be better illustrated than try reference to the ftrilewing statement BMde iv tbe Victorian House of Assembly, in tbe month of August last, by s> monber in support of a motion that £10,000 be placed nn tbe Estimates for 18CB, to par* cbase diamond drills, Ac :->" Xbe value ef the work performed by one diamond drill at Stawell is bett understood by tbe enhanced value of mining propertim which its discoveries have effected. Oaleulatieae kk this, direction have been made with •ease ear*, and are to hand, via—Crown Grose United Company, 19044 shares, farmer price I* 34 each t present value 10s. Beam Cress tfat* ted Company, 80,240 snares* former bfryers Is 2d i present buyers, ss. Hoe. 14, IS, aatl 16 South Cross, 14,400 scrip j foramr buyera 4s lOd ; present buyers 14a 6d. Nee. 1 and S North Scotchmans, (formerly antslcebfe) 8960 shares j present buyers 10s. Tbe value of tbe Extended has been roorsasssl by £22,000; Scotchmans Unitad, aKSIOOv aa likewise tbe Pleasant Oraek Croat Beet Company, and the Oriental. The grand fetal value of these stocks before the daoovery of the gold-bearing reef ia the Orowa Cross United Company's shall by the aid ef tbe diamond drill was about £41,164; bow tbe total of their value is £148,400; the ene diamond drill increasing tbe valoe wf mmMg property in this instance ftjaf^MjK But tbia increase has only befta te Mt», arid it is therefore difficult to say tta*MkfS Of two more discoveries will eflect.** ' With such facto ard figures before tbem there should be no doubt in tbe minds of those whose interests *re wrapped -ap and intimately linked with the sqcens or failure of the quarts reefing industry as to theseceiaity of promoting tbe furtherance of the present undertaking, which under eftcient and carelul management caanwt toil to gire important aid to tbe development ef tbe re« sources ot the district, and will ia add it is act as a check upon tb» hitherto wasteful expenditure of large sue.* of money ia the constructiou of prospecting female aud sbatts. As a further incentive te Ht*. promotion of this comp-ny, it may be •tolieW.lhat the drills supplied by the Victorian Government proving inadequate to the requirsmanta of its ftoldfieldt, a company baa beau formed in Ballarat, with a capital of JKO.OOO, for the purchase of diamoni drills, end eaotber company for tiie sa ne purpoes has baanjMjaateA at Sandhurst, with a capital ef £11000. ; It is intended to let the drill for hire to any company requiring H) te tote eoetracts tor boring, and also to piewtel any freand thrt may berealter be acquired by be «empany. Until the success of the undertaking is full) demonstrated by resulto trom tCe use of I one drill, which it is intended to ordvr at an early date, only a portion of tbe capital ! will bo called up, .nd it is calculated thnt tbo revenue arisii.g Iroin the hiring out of tho machine will yield a handsome return in dividends, wbioii may at the dweraion of thu shareholders, be appropriated to the purchase of additional appliances. Thtslnangabim district is peculiarly favorable for the operation of the dkinond drill. A meeting of shareholders will be called after 16,000 shares bava been applied for, to ! decide upon the future courw wf opera-ione. I Foruit of applied ion 'or shares to Se ob laiued irotu the u:der»igned. W. H. ptALL BECEIPT3 Circulars, Scrip UaU'Tearly Suteinents, Pay Sheets, Xc, ehl'ii'i{i*hu» Tim;*. J>'» Pni « it«^ ( > •(;„ Central Erosdwm eeft