Page 3 Advertisements Column 6

Inangahua Times, Volume VII, Issue 1069, 3 April 1882, Page 3

Public Notices. EXCHANGE HOTEL, U P P E It 11 It O A D \V A r RSEFTON. Nothing bu* the best Brands and Choicest Samples of WINKS, ALES, and SPIRITS, kept in Stock. Lofty ,a»d J well- ventilated | Bedbooms fob Vwiroes. In connection with tbe Hotel the pro* gprietor wißbe3~to~draVlhe*atten-~~ ;tioa of Manogers of Dramatic, Theatrical and other Companies to the •ODDFELLOWS' HALL,* Which hat lately been entirely renovated, enlarged,- and fitted up in a nenner te enmre convenience and comfort of audiences and actors, Coßprising new scenery and other accessories, including a magnificent Pjaho, necessary for first-class performances, with Commodious Dressing Booms adjoining tbe stage, - wbichi is the largest in Reefton. The Hail will be let on Bbasonablb Txbmb, and no endeavour will be spared to render the Hotel and atti active to all. Visitors ANTHONY" KATER, PfiOPBIBTOB. PROSPECTUS OF THE TNANGAHUA DIAMOND DRILL, 1 AND ROCS BORING MINING COMPANY, Limited, Registered under "The Mining Coma panics' Act, 1872." CAPITAL : £6000, in 24,000 tbares at 5s each; THKEEPENCEon Application; 3d onAllotment, and Calls not to exceed 6d per month. NO PROMOTERS SHARES. PROVISIONAL;. COMMITTEE ; Mr Bowman? Mr Lewis Mr Hunter Mr Lecky Mr Brennan Mr Jones Mr Potto Mr Wise Mr Lee Mr Beecbe Mr Coben Mr M'Loughlia Mr Eraser Mr P. Butler Mr FiliQerald Mr Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer Mr Wation Mr M'Kay Mr Love Mr Relf MrMankin Mr Murphy Bahkbbs : The National Bank of New Zealao Limited, at Beefton. Hon. Sscbbt&by : Wm. Hugh Jones, Solicitor, Beefton, OBJECT OP THE COMPANY. The object of the company is introduction of the Diamond Drill ,tn 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 tbe movement primarily centering und opera ing in the well-known district of Inangahua, a> locality famous for its ricb quarts lodes. The benefit that would accrue to all classes connected with these goldfieldr, directly, ac wellM indirectly, cannot possibly b* 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 in support of a motion fhat £10,000 be placed nn tiie Jfatiinates for 1882, to pur* chase diamond drills, &c. :— " Tbe value of tbe work performed by one diamond drill at Stawell is beet understood by the enhanced value of mining properties which its discoveries have ettected. Calculations in this direction have been made with souie esre, and are to hand, rut. — Crown Cross United Company, 19.044 shares, former price 1« 2i each : ptesent value 10s. South Cross United Company, 30,240 shares, former buyers, Is 2d ; present buyers, 6s. Nob. 14, 15, and 16 South Cross, 14,400 scrip ; former bujers 4s lOd ; present buyers 14s 6d. Nos. 1 and 2 North Scotchman?, (formerly unsaleable) 6960 shares ; present buyers 10s. Th» Talue of tbe Extended has been increased by £22,000; Scotchmuns Uuited, £25 300, ■• likewise the Pleasant Creek Cross Meet Company, aud the Urieutal. The grand lutui. value of these stocks belore the discovery of the gold-bearing reel la the Crown Uro*» United Company s shall by the aid of tbe diamond drill was about £41,161; now tbe total or their value is £148,400 ; the one diamond dtill increasing the value »\ iinninc properly in this instance £107,246. But this increase has only begun to grow, aud it is therefore difficult to say what one or two more discoveries will effect." With such facts ard figures before tberu there should be no doubt in the minds ot* tuose whose interests *re wrapped up und intimately liuked with the auccces or lailure of the quarts reeling industry a* to the ne— ceisity of promoting the furtherance ot (ho present undertaking, which uudcr rlliuient and caret ul u.unag^uient caniiut lull t<> giro important aid to ihe dertlop.iieut of the re» sources ot the district, ana will in add it is act as a check upou tl'« hitherto wasteml expenditure of large sums ot motte.v m Iho constructiou of piospecling tuuueia and sbaiis. As a further incentive to the promotion ot this compuuy, it inuy be mentioned that tlio drills supplied by the Victori m Uovemtntnt proving luuiiequate to tiie requiretueuts vl it 4 goldtields, a company has beeu lonned in BulUrut, with' a capital ol £50,000, lor the purchase of diapnoud diills, aud unother company lor tbe sa i c purpose bus been projected at Sandhurst, with a capital ut 1*25,000. It is intended to let the drill lor hire to any company requiring it; to tuke contracts; o bonng, and uiso to prospect any wroundtaa u.uy tiert-uitur be acquired tj ne company. Until the eULveiss ol tlio uiu.ertaking. fully Uemousiia.ed by results iroiu tue Use ot one drill, wi.itli it is iuteuded to order at au curly liuie, only a purliou ot the cupitul will be called up, »ud it is calculated tbattbe revenue arising iroin the hiring oat ol the macliine will yield a handsonie return in dividends, whicu inuy at the discretiou of tlu shareholders, be appropriated to the pur* chuee of aduilionui uppiiances. r X'he luungabnu district i* peculiarly favotable lor the operation of tbe duuuoiid drill. A meeting ot bhurv holders will be calle after Iti,UUU shares have been »i<plied tor, iv decide upou tne future courts v f opvraiioiif . IToriui of application lor share* 10 ie ob tamed Iroiu me uudenigned. W. H. pALL BECEIPT3 Circulars, Scrip, lii.lf- Yearly Statements, Puy-Sheets,; do olit ui{rui Ti nm, Jj j Pi-tin im O 'lie fe.itral Uioadwa7 ccii