Page 3 Advertisements Column 6

Inangahua Times, Volume VII, Issue 1071, 7 April 1882, Page 3

EXCHANGE HOTEL, [jppUli BItOAUWA r L'EKFTOX. Nothing hut the best frauds and Choicest Samples of WINES, ALES, and SPIRITS, kept iv Stock. LOFTT .AND J WELL- VENTILATED |BED-» booms fob Visiroßs. In connection with the Hotel the proprietor wishes to draw theiatteu,tion of Managers of Dramatic, Theatrical and olher Companies to the •ODDFELLOWS' HALL,' Which has lately been entirely re— novated, enlarged, and fitted up in a manner to en. ure convenience and comfort of audiences and actors, Comprising new scenery and other accessories, including a magnificent Piano, necessary lor first-class per* formances, with Commodious Dress** ing Rooms adjoining the stage, which is the largest in Reefton. Tbe Hall will be let on Reasonable | TbBMS, and no endeavour will be 1 spared to render the Hotel and Hall attiactive to all Visitors ANTHONY KATER, Pbopbietob. PROSPECTUS OF THE INANGAHUA DIAMOND DRILL AND ROCK BORING MINI-.G COMPANY, Limited, Registered nnder "The Mining Coma panics' Act, 1872." CAPITAL : £6000, in 24,000 shares at 5s each. THREEPENCE on Application ; 3d oa Allotment, and Calls not to exceed 6d per month. NO PROMOTERS SHARES. PibVISIO NAL; COMMITTEE : Mr Bowman? Mr Lewis Hr Hunter Mr Lecky Mr Brennan Mr Jones Mc Potts Mr Wise Mr Lee Mr Beeche Mr Cohen Mr M'LoughliaMr Fraser Mr P. Butler Mr FitzGerald Mr Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer Mr Watson Mr M'Kay Mr Love Mr Ralf Mr Hankin Mr MurphyBankebs : The National Bank of New Zealan< Limited, at Reefton. Hon. S_cb_T-B_ : Wm. Hugh Jones, Solicitor, Beefton, OBJECT OF THE COMPANY, The object of the company i< intra* duction of the Diamond Drill ,an udmitted factor to successful progress in mining, to prospect, atid more speedily develop the valuable quarts reefs on the West Ooast 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 quartz lodes. Tbe benefit that would accrue to ailclaue» connected with these goldfield*,. directly, ac well as indirectly, cannot possibly be better illustrated than Oy reference to tbe following statement made in the Victorian Home et Assembly, in tbe month of August Just, by it member iv support ofa motion that £10,000 be placed nu t_e Jf-timates lor 1882, to pur* [ cbaae 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 its discoveries have etiected. Calculations in thia direction have been made with some care, and are to band, viz.— Crown Cross United Company, 19044 shares, former price la -J. each : ptesent value 10s. South Cross United Company, 30,240 shares, former buyer., ls 2d ; present buyers, ss. Nos. 14, 15, and. 16 South Cross, 14,400 scrip; former bujer*--48 lOd ; present buyers 14s 6d. Nos. 1 and 2 North Scotchmans, (formerly unsaleable) 8960 shares ; preseut buyers 10s. The value of the Exteuded has been increased by* £22,000; Scotchmans United, £25 300, a* likewise tbe Pleasant Creek Cross Kvei Company, and the Oriental. The grand total value of these stocks belore the discovery ot the gold-bearing r.et ia the Crown cross United Company s shall by the aid of the diamond drill was about £41,164; now tbe total of their value is £148,400 ; the one diamond dtill mcreusing tbe value *•( mining property in this instance £107,246. But mis increase hus only begun to grow, and it is therefore difficult to say what one or two more discoveries will effect." With such facts ard figures before then* there should be no doubt iv the minds of tiiose whose interests me wrapped up and intimately linked with the success ur iuiiui'o of the quartz reeling uiiluai.ry as to the ite— cusity of promoting the luriheranco «l tUo preteut undertaking, which uuU<r tllicieut uud cureiul u.-U-g>-Ut-ut cannut mil tx, give* iinpuituiii ii l *.! lv ihe develop. hi.; ul'iiiu r<**» suur-t-g ol Uie disin.t, ana will in u.ij it is uct us a thi**- upou tl*** iiit.i.rto wa*>tc<*-l expenditure ot large suit.-, ul money lv ili_ L'onsti'Ueiiuu ot |jio_j)*.ouiig luuueis uud SUUIIS. As a further incentive to the promotion ot this company, it tuny be iiiciiiniurd that the drills Bup*L>tud tiy liie Vio(oi*i..u Ooveriiiuent proving lnu-i-quue tv tne requirements ot its goldfields, v louipany lias beeu formed in J-ullarut. with a capital ol £50,000, lor tha purchase ot -iaoioud diills, aud another com* puny lor the sac * e purpose has been projected at aaudhui'st, wit . a cupitul ot £25,000. A It is intended to let tbe drill tor hire to any -onipuny requiring it; to tutse eumractst O buung, and ciso lv prospect anjgrouudtti n. uy iioi'ia.ler bo acquired <y ne company. tJulll llie **licl-t*:*» Ul tile Uui.eriukllig lull* ueiuoi.su aied by it suits irom the Use ot one lli ill, wi.icu it is iiiu luted lo uidcr ut an early d-ie. umy a put-lion ot tne cupitul will be called up, ■ndli is cule-i_t<d t hui the revenue tirisii.g ll 'out the hiriug out ot the machine will jicid v Uuiai»o*iio return iv dividends, widen umy at the discretion ol lh* shareholders, be viu i i t jrcpria'.ed to the pur» cbuse ol uduiuonu. iipptiiiiicus. The lii-iigaiiii- district is peculiar. y fuvutuble lor tne operauou ot tne uiaiu»ud drill. A meeting ot eti.iivliolders will be calle after lu.UOu s.i.ire» liave oeeu wplied tor, to UeCIUC Upuu liiv liiluiv vuiii-.. v.l o(.vru.iui.«. i'om. jul applicaiion ior shuns io >c ob tamed iroui mv v *.ui'>-i gned. W. U. nALL Kl-Clill'l'S Circulars, Sciip u..li- Yearly Statciiicits, P.y . htots, „ • i* it ii i;ii 1 1 Li ii ■'. I> i l\\\ il v* t» i lO t. : tiilrai Bioadwjy ecit