Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1062, 17 March 1882, Page 3

Public EXCHANGS HOTEL, g P P 13 U BROADWAY* IkSESTON. . Nothing but the .best Brands and Choicest Samples of L W*F ES ' ALES - and SPIRITS, kept W in Stock. s Lomf ,AWD WBtL- VENTILATED [BeDBOOMS FOB VISITOBS. L In connection with the Hotel lite proprietor wishes to draw tbejattention of Managers of Dramatic, 8 Theatrical and other Companies to the f -ODDFELLOWS' HALL,' * Which has lately been entirely rc~ novated, enlarged r aßd fitted up in a * manner to en&ure convenience and comfort of audiences and|actorß, Comprising new scenery and other ac« cessories, including a magnificent. Piano, necessary for first-class per* formances, with Commodious Dress* ing Koomß adjoining tbe stage,, which is tbe largest in Reefton. Tbe Hall will be let on Bcasokablb Tesmß, and no endeavour will be spared to render the Hotel and Hall atttactive to all Visitors EATER, } Pbopbibtob. PROSPECTUS OF THE XNANGAHUA DIAMOND DRILL J[ AND ROCK BORING MINING COMPANY, Limited, ' Registered under "The Mining Com* ' panics' Act, 1822." CAPITAL : £6000, in 24,000 shares at 5s each. . r THREEPENCE on Application ; 3d oa ' Allotment, and Calls not to exceed 6d per month. NO PROMOTERS SHARES. PBOVISIONAI&COMMITTEfi . |Hr Bowman Mr Lewis Mr Hunter Mr Lecky Mr Brennan Mr Jones Mr Potto Mr Wise Mr Lee Mr. Beeehe Mr Cohen Mr M'loughlio Mr Fraser Mr P. Butler Mr Fits Gerald Mr Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer > Mr Watson Mr M'Kay Mr Love Mr Balf r MrHankin Mr Murphy , Bakkibs : . The National Bank off New Zealan Limited, at Beefton. Hon. Skcbitab* : f Wm. Hugh Jonet, Solicitor, Beefton, OBJECT OF THE COMPANY. The object of tbe company is intro* . duotion ot the Diamond Drill ,an admitted ' factor to successful progress in mining, to prospect, and more speedily develop tbe valuable quarts reefs on the West Coast of the Middle Island, tbe initiation of tbe movement primarily centering and opera ing _ in the well-known district of Inangahna, a locality famous for its rich quarts lodes. The benefit that would accrue to all classes connected with these goldßelds, directly, ac 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 Jfatiinstes for 1882, to pur» cbaae diamond drills, Ac : — " The value of '■ the work performed by one diamond drill at , Stawell v beet understood by the enhanced value of mining properties which its dis - ' coreries have effected. Calculations in this r direction have been made with come care, . and are to hand, vis. — Crown Cross United Company, 19.044 shares, former price Is 21 each : present value 10s. South Cross United Company, 30,240 shares, former buyers, , Is 2d ; present buyers, ss. Hot. 14, 15, «nd 16 South Cross, 14,400 scrip ; former bujers 4s lOd ; present buyers 14s 6d. Mos. 1 and 2 North Scotchmans, (formerly unsaleable) ' 8960 shares ; present buyers 10s. The , value of tbe Extended has been increased by £22,000; Scotchmans United, £25 300, as likewise the Pleasant Creek Cross Keet Company, and the Oriental. Tbe grand total value of these stocks before the discovery of the gold* bearing reef in the Crown Cross United Company s shaft 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*t mining 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 more discoveries will effect." With such facts ard figures before tbera there should be no doubt in the minds of ' those whose interests are wrapped up and intimately linked with the success or failure of the quarts reefing industry a» to the ne- . cessity of promoting the furtherance ot the preseut undertaking, which under elKcient and careiul management cannot tail to give important *<d to tne development of tbe re» c sources oi tue district, ana will in add it is 1 act as a ciie».k upon th« hitherto wtwteiui * expenditure of large eun»e ot inonev m tit* s construction ot prospecting tunuels and s sualts. l As a turthcr incentive to the promotion of j this company, it may be uienuonrd that the , drills supplied by the Victoriau Government [ proviug mudequute to the itquireiueuts of iis r goldfields, a company has been formed lit L Ballarat. with a capital ol £50,000, lor the purchase ot uiainoud diills, and another company for the sa • c purpose has been projected ' at iband burst, with a uupiui ot 1"25,U00. I klt is intended to let tbe drill lor hire to any I company requiring it ; to take contracts; o ■ boring, unit uiso to (.>io<|)loI any gcouudC 1 1 v.ay liemilter Oe acquired t<y tic company. ' Uulil the eucct»ee oi tile u.K.cilukiiig full) demonstrated Lty results noiu tlio u?e of 1 one d* ill, wnicU it is imtiuleu to oid^r at an early flute, only a uornou ol the capital will be called up, .-nd it is calculated I but the revenue ansii.g Horn the hiring out ol the machine will yield a handsome return iv diviueuds, wliiuu muy at (he ducretio.. <jI tlu shareholders, be approuuu'.ed 10 the |nn> chase of aduitionui up^llaueea. The luaiigaliiii* district is peculiarly favnt- ' able for the operation ot ibe uiumoud dn.i. A meeting ol BU.rebolderi wul be call c ■ after 16.0UU siiures bu»o been wplied for, to decide upon the luluro courav ot opera ion r. i? or ins ot upylicaiion iof«haie» «o je ob taiued Uou* luc v Uireigned. W. H. /~^ALL BKCKiPi'3 Circulars, Scrip u.lcl'furly Staieme'ts, Pjy-Shircis, .\,.; e,il iii^in I'im*. Jj> L'i.fu >s» t» 'ie t'et.tr::! Uioadva7 telt^