Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1065, 24 March 1882, Page 3

PubMcgNotices. EXCHANGE HOTEL, U P P 11 li B li 0 A D \V A V L'KBFTOX. ■ Nothing but tbe best brands and Choicest Samples of L W INES » ALKS - Md SPIRITS, kepi VV in Stock. Lofty .and wstt-VBimLATSD |Bki>BOOHS FOB VISITOUA. In eonneetion with the Hotel tbe pro* prietor wishes to draw tbejatten»~~ tion of Managers of Dramatic, Theatrioal and other Companies to* the 'ODDFELLOWS' HALW Which has lately been entirely renovated, enlarged, and fitted up in a manner to ensure convenience and comfort of audiences and actors* Comprising new scenery and other ac« cessones, including a maitnifieent Piano, necessary tor first-class per* formances, with Commodious Drees* ing Booms adjoining the stage* which is the largest in Beefton. The Hall will be let on BkisovaMS Terms, and no endeavour wilt bo spared to render the Hotel and Hall attractive to all Visitors ANTHONY EATER. Proprietor. PROSPECTUS OF THE INANGAHUA DIAMOND DBILL AND BOCK BOBING MlNittG COMPANY. Limitsd, Begistered under "The Mining Cone pan ies' Act, 1872." CAPITAL : £6000, in 24,000 sham at 5s each. THREEPENCE on Application ; 3d on Allotment, and Calls not to exceed 6d per month. NO PBOMOTERS SHARES. PROVIBIONAL-.COMMITTBB * (Mr Bowman Mr Lewie Mr Hunter Mr Lecky Mr Brennan Mr Jones Mr Potts Mr Wise Mr Lee Mr Beeche Mr Cohen Mr M'l-oughlia Mr Eraser Mr P. Butler Mr FitiGerald Mr Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer Mr Watson Mr M'Eay Mr Love Mr Self MrUankin Mr Murphy Bankssb : Ihe National Bank of New Zealaa Limited, at Beefton. Hon. Sbobetaby: Wm. Hugh Jones, Solicitor, Beefton, OBJECT OF IHE COMPART. The object of the company is intra* duction 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 and opera ing in the well-known district of Inangahua, a locality famous for its rich quarts lodes. Ihe benefit that would aocrue to all classes connected with these goldfields, directly, ar well as indirectly, cannot possibly be better illustrated than by reference to the faUow-nf statement made in tbe Victorian House mt' Assembly, in the month of August last, by a member in support of a motion that £10,000 be placed nn tbe Estimates for 1888, to par* cbaae diamond drills, Ac s— " Tbe value of tbe work performed by one diamond drill at Stawell is best 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 United Company, 19.04* shares, former price Is Si each t pteseat value 10s. South Cross United Company , 30,240 shares, former buyers. Is 2d $ present buyers, 6a. Mo*. 14, 16, nd 16 South Crass, 14,400 scrip j former buyers 4s lOd ; present buyers 14s 6d. No*. 1 and 3! North Sicotchmans, (formerly unsaleable) 8960 shares; present buyers 10s. The value of the Extended has been increased by £22,000; Scotchmans United, £26800, as likewise the Pleasant Creek Cross Beef Company, and the Oriental. Ihe grand total value of these stocks before the discovery of the gold-bearing reef in the Crown Close United Company s shaft by the aid of tba diamond drill was about £41,164; bow tbe total of their value is £148,400 ; tbe one diamond drill increasing the value *f mining property in this instance £107,246. Bat this increase has only begun to grow, and it is therefore difficult to say what one or two more discoveries will effect." With such facta acd figures before tbem there should be no doubt in the minds of tuose whose interests are wrapped np and intimately liuked with the success or failure of the quarts reefing industry as to the necessity of promoting the furtherance of the present undertaking, which under efficient and careful management cannot fail to give important aid to the development ef the res sources oi tbe district, and will in add it is act as a check upou th* hitherto wasteful expenditure of large saiae of money in tho construction of prospecting tunnels and suatts. As a turtber incentive to the promotion of this compauy, it may be mentioued that the drills supplied by the Victorian Government proving inadequate to tbe requirements of its goldfields, a company has been formed in Jjallarat, with a capital ol £50,000, tor tbe purchase oi diamond drills, aud another com* pany tor tbe sa i c purpose has been projected at bandburst, with a capital ot £25,000. * It is intended to let tbe drill for hire to say company requiring it ; to take coutractsc'o boring, uud utso to prospect any grounds* t v.ay iierealter be acquired by <be company. Uutil tbe success ot the unuertaking fuil) demonstrated by results u-otu tbe ueeot one dnll, wmcli it is iutciided to order M an early date, ouly a portion ot the capital will be called up, -nd it is calculated that the revenue arising irom the hiring out of the machine will jield a handsome return in dividends, wbicu may at the discretiou uf tht shareholders, be appropriated to the pur* chase of additioual appliances. Ihe luaugahua district is peculiarly favorable tor the operatiou of tbe uiauioud dml. A meeting of shareholders will be call c after 16,000 sliures have been applied far, to decide upou tue future court* wf operan our. form* of application lor shares to ie ob taiued iruiu tue UjUereigued. VV. H. /^ALL BECEIPI3 Circulars, Sorip U.»lt« Yearly Statements, Pay Sheets, Ao elilu^njubui Tina, Jjo Pruning OH* Central Broadway «.eft