Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1064, 22 March 1882, Page 3

Public Notices. EXCHANGE HOTEL, U P F li K BKOAU \V A X t Lkiftox. Nothing but the t l)est Brands and Choicest Samples of WINES, ALES, and SPIKlTS,kept iv Slock. Lofty ,a»d wbll- ventilated *Bi»---booMs von Visiroas. Ia cooneet'on with (lie Hotel tlie pro* prietor wishes to draw the attention of Managers of Dramatic, Theatrical aad other Companies to the•ODDFELLOWS' MALL/ Which has lately been entirely re* nova ted, enlarged, and fitted up in a manner to ensure convenience and comfort of audience* aodjictors, Comprising new scenery and other aocessories, inc'udiui; a magnificent Ptaro, necessary (or firat-class per* formances, with Commodious JDres*--iog booms adjoining the atag« r whick ia the largest in Beefton. ThAHALL V^W^ 8 >^k i OBLBBAaOKABti» Tbbms, and*no enffntSur wilf be spared to render the Hotel and* Hall atti active to alt Visitors ANTHONY KATER r Pbofbibtob. PROSPECTUS OF THE XNANGAHUA DIAMOND DBILL 1 AND KOCK BOKIffG MIMNtf COMPANY. Limited, Kegistered tinder "The Mining Coma paoiea' Act, 1872." CAPITAL : £6000, in 24,000 shares at 5s each. THREEPENCE on Application ; 3J on. Allotment, and Calls oot to exceed 6d per month. NO PBOiIOTEBS SHARES. PKOVISIONAL;.COMMITTEE t £Mr Bowman Mr Lewis Mr Hunter Mr Lecky Mr firennan Mr Jones Mr Potto Mr Wise Mr Lee Mr Beecbe Mr Cohen Mr M'loughlia Mr Eraser Mr P. Butler Mr FiUGerald Mr Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer Mr Watson Mr M'Kay Mr Love Mr Half MrHankin Mr Murphy Baitkbbs : The National Bank of New Zealaa Limited, at Reefton. Hon. Sjcbstaby : Wm. Hugh Jonea, Solicitor, Beefton, OBJECT OF THE COMPANY. The object of the company is introduction ot the Diamond Drill ,an admitted factor to successful progress in mining, to prospect, and more speedily develop the valuable quarts reefs on the West Coast of the Middle Island, the initiation of the movement primarily centering aud opera ing in the well •known district of Inangabua, a locality famous for its rich quarts lodes. The benefit that would accrue to all classes connected with these goldfields, directly, ac well as indirectly, caunot possibly be better illustrated than by reference to the following statement made in the Victorian House et Assembly, in the month of August last, by a member iv support of a motion that £10,000 be placed nn the fttuoates for 1882, to pur* chase diamond drills, 4c :—" The value of the work performed by one diamond drill at Stawell is best understood by the enhanced value of mining propertiev which its discoveries have effected. Calculations in this direction have been made with some care, and are to hand, vis.— Crown Cross United Company, 19 044 shares, iormer price Is 24 eaoh : piesent value 10s. South Cross United Company, 30,240 shares, former buyers, Is 2d ; present buyers, Ss. Nos. 14, 15, and 16 South Cross, 14,400 scrip ; former buyers 4s lOd ; present buyers 14s 6d. Nos. 1 and 3 North Scotchman*, (formerly unsaleable) 8960 shares ; present buyers 10b. The value of the Kxteuded ha* been increased by £22,000; Scotchman* United, £25800, a* likewise the Pleasant Creek Cross iteet Company, aud the Oriental. The grand total value of these stocks before the discovery of the gold*bearing ri-el in the Crown Cross United Compauy s shaft by the aid of the diamond drill was about £41,164 ; now tbe total of their value is £148,400 ; the ona diamond drill increasing tbe value of mining property in this instance £107,246. But tins increase ha* only begun to grow, and it is therefore difficult to say what one or two more discoveries wilt effect." With such /acts ard figures before them there should be no doubt in the mind* of 1 those whose interests are wrapped up and intimately liuked with the success or i«ilur* of the quartz reefing iurtujtrjr as to tiie ueccisitjr uf promoting tbe lurtherance of tho preteut undertaking, which under efficient and cuielul n.auagouieiit cauiiul tall to give impuituiit u<il to the develop. heut of the r<y> sources ol tho district, ana will iv add it i* uct us a che>;k upou tl'« hitherto wa»te<cil expenditure ol large suihe of money in th<» construction of uios^cctiog tuuuels aud ahum. As a Jurtlicr incentive to the promotion of (his company, it may be mentioned that th« drills supplied by the Victorian Government proving inadequate to the requirements of its goldfields, a company has been formed iv Ballarat, with a capital ot £60,000, tor the purchase of diamond drill*, aud another company lor tlie sa i c purpose ha* been projected at Sandhurst, with a capital ot £25,0U0. A It is intended to let tbe drill tor hire to any company requiring it ; to take contracts; o boring, uud uiso to prospect anygrouudtti u;uj uertttiter be acquired by lie rouipmty. Until the tuueets ot the uiiuerialtiug full} demons! rated bj rt- suits irom the u»e ol one drill, winch it Is intended to order at an early date, ouly a portion ot tlie capital will be called up, t-nd it is calculated ihui tho revenue urisu.g iroui the hiring out ol the machiue will }ield a handsome return lit dividends, whiuU ui»y at lite discretion of ii»» shareholders, be appropriated to the pun chase ot additional appliance*. The luttuguuiiu district U peculiar. .y fnvoiable lor tlie operation of the diuuiuud drill. A meeting ot shareholders will be call t after lii.UOU snuns hare been » '-plied lor, io decidu upou tlie future cuursv »f o[>riuviv>n>. I'oriiu of application tor shares >v *>« oU Uiucd irom tue v 'designed. W. IT. /^ALL BECK IP 13 Circulars, Sciip llull* Yearly Stateutvuts, Puy Sh«vu, ,V; chining kin* Tiu-i. Jjj IViuu* i> mi« t cutr^l iiioaJwaj celt