Page 3 Advertisements Column 6

Inangahua Times, Volume VII, Issue 1066, 27 March 1882, Page 3

PaKic JTotiees. EXCHANGE HOTEL, ]DPI» Xli HItOA1) \V A r I I.'BFFTO.V. Nothing but tbe best Frauds and Choicest Samples of WINES, ALES, and SPIRITS, kept id Stock. Lofts ,and well-ventilitbd |Det;-» booms fob Visitors. In connection with the Hotel the pio* I (prietor wishes to draw the^atUution of Managers of Dramatic, Theatrical and other Companies to the •ODDFELLOWS' HALL,' Which has lately been entirely renovated, enlarged, and tilted up in a manner to ensure convenience and comfort of audience* and aotors, Comprising new scenery and other ao« cessories, including a mannifieeut' Piano, necessary tor first-class per' formances, with Commodious Dress* ing lfooms adjoining tbe Mage, which is the largest in Reefton. The Ham will be let on Rbuonablb Tbbms, and no endeavour wilt be spared to render the Hotel* and Hall atti active to all Visitor* ANTHONY K A T E R „ Pbopbietor. PROSPECTUS OF THE XNANGAHUA DIAMOND DRILL. L AND ROCK BOJiL>'G MIMiM* COMPANY, Limited, Registered under " The Mining Comapan ies' Act, 1872." CAPITAL : £6000, in 24,000 shares at 5s each* THREEPENCE on Application ; 3J on Allotment, and Calls not to exceed 6J per month. NO PROMOTERS SHARES. PBOVISIONAL;,COMMITTEK : ■Mr Bowman Mr Lewia Mr Hunter Mr Lecky Mr Brennan Mr Jonea Mr Fotta Mr Witt Mr Lee Mr Beeobe Mr Cohen Mr M'Loaghlia Mr Fraser Mr P. Butler Mr FitxGerald Mr Hobby Mr Hoardman Mr Walker Mr J. Gallagher Mr Archer Mr Watson Mr M'Kay Mr Love Mr Balf MrHankin Mr Murphy Bahxbbs : The National Bank of New ZeaUu Limited, at Beefton. Hon. SbchstaßT. : Wm. Hugh Jonea, Solicitor, Beefton, OBJECT OF THE COMPANY. The object of the company it intro* duclion 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 Inaagahttt, • locality famous for its rich quartz lodes. The benefit that would accrue to all classes connected with these goidfields, directly, at well as indirectly, caunot possibly be better illustrated than Dy relerence to the following statement made in tbe Victorian House at Assembly, in the month of August last, by a member in support of a motion that £10,000 be placed nn the Jfotiiuatea for 1882, to pur* cbase diamond drills, Ac ;— " Tbe value of the work performed by one diamond drill at Stawell is best understood by the enhanced value of mining properties which ita discoveries have effected. Calculations in this direction have been made with some care, and are to hand, vix.— Crown Cross United Company, 19 044 shares, former price Is 21 each : present value 10s. South Uross Uui» ted Company,. 30,240 shares, former buyers, Is 2d ; present bujers, ss. Nos. 14, 18, aud 16 South Cross, 14,400 scrip ; former bujere 4s lOd ; presttnt buyers 14s 6d. Aios. 1 and 2 North Scotchmans, (formerly unsaleable) 6960 shares ; present buyers 10b. Tb« value of tbe isiitouded has beeu increased by £22,000; Sootchmans Uuited, £25300, m likewise the Pleasant Creek Cross Meet Company, and the Oriental. The grand total value of these stocks beiore the discovery of the gold-bearing reel ia the Crown Cross United Company a shaft by the aid of the diamond drill was about £41,164 j now tbe total ot their value is £148,400 ; the ova diamond dtill increasing tbe value ««t mining property in this lualauce £107,246. But mis increase has only begun to grow, and it is therelore difficult to say what one or two more discoveries will effect." With such facts ard figures before them there should be no doubt iv tbe minds of ti.ose whose interests wre wrapped up and iutiuiately linked with the success or lailura ot' the quariz reetiug industry as to the lieccttfity of protuotiug the furtherance of the yicteut undertaking, which uudtr ttficient and cureiui u.&utigKuient cannot tail to give important uui to lUe development of the re* sources oi tliu district, and will iv add it Is act as a div>:k upou ll'" hitherto w»*t«.ul expenditure el large euu>a ol money in Ihj conatructiou ot pi oe peeling tuuuels auj suails. As v mrtber incentive to the promotion oi this compuuy, it may be mentioned that tv« drills Bullied by the Victorijii Uoverumeni proviug luuucu.uute.to the requireuieuis ot iv goldtieldf, a company uus bveu formed in iSalhtrut, with a capital ot £60,000, fur tb« purchase ol oiuuiouil dull*, and another company lor tue su • c purpose has been projected vi Sandhurst, with a capiui of j^2u,uuu. It i« intended to let tbe drill lor hire to any couipuuy requiring it ; to take contracts, o boiiug, and mso to urosoect any ground! 1 1 u.»v uvfiuilcr be acquired ly ue company. Ciuiil the eucifss oi the undertaking lull,) i.einoiibiirt.ed by result* iroiu ti.e b«e ot one unit, wnicu it is iimndeU to order »i uu early «late, only a portion, ot the capital wilt be called up, • ud it is culcuuted thai tha revenue urisii.g trout the liuiug oat ot tbe machine willjield a haiidiomo return m dividends, wuicu may at the aucretiou ot th» sharebuluere, be u^ropi mteU to Vlio pur« cbuae of ndauioiuu unpimuce*. Xlie luuugMUiiM district v pei:u!iar.y tavoi - üble for tue operation ot tue auuioud drill, A utecttug ot •h<>reuolders will be call « ufier Ib.OUU suurc* have beeu »»*plied l»r, lo dvciUu upou Hie luiure courav ot operation*. 4'oruu of iippUcaiiou lor shares to ta ob luii.vd iroiu iuo v. Uvr«igneu. >V. 11. r^ALL BKCliil'l'S Ciroulnn, Scrip U.1.- Yearly Statome it*, Pay Sheoht, i^ jil[llljtU4t Li 1 4, in I'lM il.i'/ V I -gu v^cuttJil iJioudtf .j L-cit