Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1063, 20 March 1882, Page 3

Pu.lic£**ot.ces. EXCHANG3 HOTEL, UPPER BKOADWAV liSEVTO**. Nothing but tbe v , best Brands and Choicest Samples of WINES, ALES, aod SPIRITS, kepe in Stock. Loft** ,and well-ventilated |Be***--BOOKS 8.8 VISirOBS. In eoaneetioa with the Hotel the proprietor wishes to draw theja Mention of Managers of Dramatic, Theatriea. and other Companies to tbe•ODDFELLOWS' HALL,' Which bas lately been entirely re— novated, eatarged- and fitted up in a manner to en.ure convenience and comfort of aadJeneea aod|actora, Comprising new scenery and other sc« cessories, including a maaoiflceut 1 PiAito, necessary lor first-claaa por^ formances, with Commodious Dreaa-r ing Rooms adjoining the stage,, which is the largest ra Beefton. Tbe Ham, will ba let e» Bbasovabsj-u Tbbms. and n» endeavour wUI br spared to teader the HoUt as%l« Hall atUacUve to all Visitora ; AlrTHOll% Jfe^Tßß?, Paopu-rroa. FBOSPECTUB GF TRX T NANGAHUA DIAMOND DRILL AND ROCK BORING MIxMAG COMPANY. Limitbd, Begistered under "The Mining Oma panics' Act, 1872." CAPITAL : £6OOC. in 2*4,000 sham ai fts each* THREEPENCE on Appl:eatioo ; 3d 9* Allotment, aad Calls not to eaeeed 6d per month. NO PROMOTERS SHABB6. PROVIBION ALIOOMMITTEK » m Mr Bowman Mr Lewis Mr Hunter Mr L«k> Mr Brennan Mr Jones Mr Potts Mr Wise Mr Lee Mr Beeche Mr Cohen Mr M'Loofhlio MrFraaer MrP.Bttle. MrFitsGerald Mr UaMfr Mrßoardmaa Mr Walk* Mr J. Gallagher MrArehe. Mr Watson Mr M'Kay Mr Love Mr Balf Mr Hankin Mr Mtarpby BAltXBBS: The National Bank of New Zealaß Limited, at Beefton* Hot*. SBOsm.a-r : Wm. Hugh Jonea, Solicitor, Beeftaa, OBJECT OF THE COMPART. The object of the company ia intro* duction ot the Diamond Drill ,an admitted factor to anoceasfnl progteaa in mining, to prospect, aiid more speedily develop tbe valuable quarta reefs on the Weat Coast of the Middle Island, the inttiatiou of tba movement primarily centering and opera iag io the well-known diatrict ef Inaagahaa, a locality famoua for its rich quarts lodes. The benefit that would accrue te ail daesee connected with these goldiWde, directly, ar well as indirectly, cannot possibly be bailer niastrated than oy reference to tta foOowaf atatement nude in tbe Victorian Beta* at Aaaeaothl^r, in tbe month of August last, by % _ae*aber.in support of a motion that £10,000 be placed nn the IKathaatee for IMS, tepun*cbase diamond drills, Ac .— •» IH* vsltm ef the work perfomed by oae dissaend drill at Stawell ia best understood by tiie enhanced value of mining propertiee whiob its discoveries have etfeoted. Calculations in tats direction have been made with some sere, and are to hand, via.— Crown Cress UaMd Company, 19.044 share*, former prioe la tl eaoh t present value 10s. South Cross United Company, 30^40 aharee, former buyer*, Is 2d * present biiyera, 6a. Noa. 14, 16, anil 16 South Cross, 14,400 scrip - former buyera 4a lOd ; present buyera 14s 6d. Nee. 1 and 3 Nortb Scotchmana, (formerly unaaieabie) 8960 shares; present buyers 10s. The value of tbe J&teuded baa been inereaaed by £22,000} Bcotcbiasna United, £16900, as likewise the tieaaaut Creek Cross Kew Ceaipany, and tbe Oriental. Tbe grand total value of these stocks before the discovery ef the gold-bearing reef in the Crown troas United Company a abaft by the aid of the diamond drill was about £61,164- now tbe total of their value ia £146*400; Uie coa diamond drill increasing tbe value *f a-iainf property in this initance £107,966. , But this increaae bas only begun te grow, and it is therefore difficult to say wbat one or two mon di-coveries will effect." With such facts ard figures before tbem there ahould be no doubt in the aainds of tboee whme iutereats are wrapped up and intimately linked with the aucceas or lailure of Ibe quarts reefing industry aa to the uecetsity of promoting tbe furtherance of the pre-eut undertaking, which under efficient and careful managi-meM caanvt tail to give important aid to tbe development ef tbe re» l Boun.tr. oi the district, aua will in add it is act as a check upou ti>* hitherto weate-t-i expenditure of large ana*.* of money iv tbe con.tructiou of pros-teetittg tunueia autl shaft*. As a further incentive to the promotion of thi* compauy, it may be mentioned that tbo drills sujjplied by the Victoriau Uoveraacua proving madequate to the requirementa of iv guldfieida, a viMupany haa beeu formed tv Ballarat, with a capital ol £60,000, Ictr the purchase of diamond diills, aud aaotber co***pauy lor tne aa < c purpose haa beea projected at Sandhurst, with a capital ol JES6/KIO. » It is intended to let the drill If* hire to SSfy company requiring it; to take couinwU'" v buriug, and me** to pru-pect any groundt - . n. ay nen-aiier be ucquired by lie eoiupany. Until the .ucivm ul the uiiueraking full, lieiuon-i rated by reeulU irwfu li.c u«e of one drill, winch it ia mit-udeu to ordc-r at au early if ate. only a portion ot the capital will be caLleti up, . u<i v. i- caleuiated thai the revenue urisii.g iroui the hiring out of tho machine will >ietd a haudaoiuo return iv d'ViU.ud., wlucii muy at lite dweretiou ol' tha aharehpliJera, be appropriated to the pur% cba-ie of addition., uppliauce*. 'l'lieiuuugaliuu di.irmt i. peculiarly favorable lor tne operation uf ihe aiuuioud drill. A meeting ot fl* ireliolii.rs will be call c after lo.OUU aimrea hare bveu ■•■plied fer, to deciUt* upoo tne lut-.ii*. courtv «rf operu»iour. Jbormi of apptiction lor shares to be ob tamed lrom ilie u-uer.igiied. VV. U. /-*** ALL BEC ICI fl3 Circulars, Scrij^ u..li>Vcurly SUtome its. Pay Sheets, Ac eul in ' -■*-- fin*-). J* * LV.i.iiiii* i) tie lenlr-i BiOaJwav --.._[