Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1058, 8 March 1882, Page 3

• Pub ie Kotices. EXCHANGE HOTEL, [7 P P J2- It R. II O A D W A VJiKKFrox. I Nothing but tbe best' brands' and Choicest Samples of WINES, ALES, and SPIIUTS, kept id Stock, Lofty ,aj»d £wbi.l-vextieatei£|Bei>* BOOMS loU VISITOKB. In connection with the Hotel the pro' prietor wishes to draw I be *at tuition of Managers of Dramatic, Tlieatrioal and other Companies to the •ODDFELLOWS" HALL/ Which baa lately been entirely renovated, enlarged, and fitted up in * manner to ensure convenience and comfort of asdiences aßd.aotorsj Comprising new scenery a** other ae* ressories, including a Magnificent* Piaxo, necessary for firat'clast per* fonnanees, with CommodioM Dressing Rooms adjoining tbe stage, which is the largest in Beeftos. The Hah will be let on Reasonable Tsbhs, and no endeavour will be apared to render tbe Hotel and Hall atttaetive to all Visitors ANTHONY KATER, Pbopbietob. PROSPECTUS OF THE XNANGAHUA DIAMOND DRILL 1 AND ROCK BORING MINING COMPANY. Limited, Registered under "The Mining Coma panics' Act, 1872." CAPITAL : £6000, in 24,000 ahares at 6s each. THREEPENCE on Application ; 3d on Allotment and Calls not to exceed 6d 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-oughlia Mr Frawr Mr P. Butler Mr FitcQenld Mr Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer Mr Watson Mr M'Esy Mr Love Mrßalf MrHankin Mr Murphy Babxkbb : The National Bank of New Zealan Limited, at Reefton. Hon. Secketahy : Wm. Hugh Jones, Solicitor, Reefton, OBJECT OF THE COMPANY. The object of tbe company it introduction of tbe Diamond Drill ,on admitted factor to successful progress in mining, to prospect, B&d more speedily derelop the valuable quarti reefs on the West Coast 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 lodes. The benefit that would accrue to all classes connected with these goldfields, directly, ar well as indirectly, cannot possibly be better illustrated than by reference to the following statement made in tbe Victorian House et Assembly, in the month of August last, by a member in support of a motion that £10,000 be placed nn the Estimates for 1882, to purchase 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 which its discoveries have effected. Calculations in this direction have been made with some care, and are to hand, vis.— Crown Cross Unitel Company, 19 044 share*, iormer price 1« 2 1 each : ptesent value 10s. South Cross United Company, 30,240 shares, former buyer*. Is 2d ; present buyers, ss. No*. 14, 15, and 16 South Cross, 14,400 scrip ; former buyer* 4s lOd ; present buyers 14s 6d. Hot. 1 and 2 North Scotchman*, (formerly unsaleable) 8960 shares ; present buyers 10s. The value of the Extended has been increased by £22,000; Scotchmans United, £25300, m likewise the Pleasant Creek Cross Beet Company, and the Oriental. The grand total value of these stocks before the discovery of the gold-bearing reef ia tbe Crown L'ro«s United Company s shad by the aid of the diamond drill was about £41,164; now tbe total of their value is £148,400 ; the one diamond drill increasing the value v>f mining property iv this instance £107,246. But tiita increase has only begun to grow, and it is therefore difficult to say what one or two more discoveries will effect." With such facts ard figures before them there should be no doubt in the minds of those whose interests «re wrapped up and intimately linked with the tuecess or taiiure of the quarts reefing industry m to the neceisity of promoting the furtherance of the pretent undertaking, which unbVr efficient and carelul u.anageinent cannot tail to give important »>d to the development of tbe re* sources ol the district, and will in add it 1* act as a check upou th" hitherto wutetul expenditure of large cut»,» of money in the* construction of prospecting tunnels and shafts. As a further incentive to the promotion of this company, it mar be mentioned that tli* drills supplied by the Victorian (lovernment proving inadequate to the requirements 01 11 » KOldfields, a company lias been formed in Ballarat, with a capual ol £50,000, for the purchase of diamond drills, and another company for tbe sac < e purpose has been projected at Sandhurst, wit'i a vupitul ot £25,000. It is intended to let the drill tor hire to any company requiring it ; to take contracts ' o boring, and utso to prujpeel auv grouudt 1 1 v.ay herr&lter be acquired by ■he eotnp my. Until the success oi the undertaking full) demons! rated by results iroin the use ol one dill, winch it is iuieiuleu to order at an earlj date, only a pi»r.iou ol me capital will be called up, i.nd it is calciwted that the revenue iirismg from the hiring oui uf the machine will jield a Immtsome return in diriueuds, whicu may at the discretion of the shareholders, be appropriated to the pur« chase of additional nppli*uce!>. The liiaugnhnu district i* |nvuiiur.y favorable for the operation ot the aiumond dri.l. A meeting ot eh iif holders wni be called after 16,000 oliures have been applied for, to decide upon the future- cour.=-v ol upt-rnMonp. Form* «>f applioaiion lor slimes 10 "je ob lamed iruui me u'-uerMgued. VV. H. r^ALTj BECKIPT3 Circulars, Scrip ll.iii-YTearly Statements, Pay-Sucets, & • eilu'i^lui Times, Jj'j Pctininsr O lie ('eiitrul L'icadwa7 ceft