Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1072, 10 April 1882, Page 3

Pablie EXCHANGE HOTEL, UPPEU B It O A D \V A V Ekkftox. Nothing but tbe best Brands and Choicest Samples of WINES, ALES, and SPIRITS, kept in Stock. Lorrr ,anp Jwjbll-»vjbntii_atbd £ Bedboohs fob Visitors. In connection with the Hotel tbe pro* tprietor wishes to draw the.attfca;tion of Managers of Dramatic, Theatrical and other Companies to the •ODDFELLOWS' HALL,' Which has lately been entirely rtn ova ted, enlarged, and fitted up iv ft manner to ensure convenience and comfort of audiences and actors, Comprising new scenery and other ac« cessories, including a maauificeut Piano, necessary tor tirst-class per' formances, with Commodious Dressing Booms adjoining tbe stage, which is the largest in Beefton. The Hall wiH be let on Bsasohablb Tbbmß, and no endeavour will be spared to render the Hotel and Hall attractive to all Visitors ANTHONY KATER, Pbopbietob. PROSPECTUS GF THE INANGAHUA DIAMOND DBILI. AND BOCK BOBING MINING COMPANY, Liiotbd, Registered under "The Mining Coma panics' Act, 1872." CAPITAL : £6000, in 24,000 shares at 6s each. IHREEPENCE on Application ; 3d on Allotment, and Calls not to exceed 6d per month. NO PBOMOTEBS SHARES. PBOVIBION AL;.COMMITTEE : t Mr Bowman^ Mr Lewis " Mr Hnnter Mr Lecky Mr Brennan Mr Jones Mr Potto Mr Wise Mr Lee Mr Beeche Mr Cohen Mr M-Loaghlio Mr Eraser 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 Murphy Bakkbhs : rhe National Bank of New Zealan Limited, at Beefton. Hon. Seobbtakt : Wm. Hugh Jones, Solicitor, Beefton, OBJECT OF THE COMPANY. The object of the company is intra* duction ot the Diamond Drill ,an admitted factor to succesaful 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 Inanaahtu, a locality famous for its rich quarts iodes, Tbe benefit that would accrue to all classes connected witb these goldfields, directly, ar well as indirectly, cannot possibly be better illustrated than by reference to the following statement m<tde in tbe Victorian House et Assembly, in the month of August last, by a member iv support of a motion that £10,000 be placed nn Uie Intimates ior 1882, to purchase diamond drills, &c, :—" The value of the work performed by one diamond drill at Stawell is beet understood by the enhanced value of mining properties which its discoveries have effected. Calculations in this direction have been made with some care, and ure to hand, viz. — Crown Cross United Company, 19 044 shares, former price Is 21 each : present value 10s. South Cross United Company, 30,240 shares, former buyers, Is 2d ; present buyers, ss. Nos. 14, 15, anil L 6 South Cross, 14,400 scrip ; former buyers 48 lOd ; present buyers 14s 6d. Nob. 1 and 2 North Scotchmans, (formerly unsaleable) 5960 shares } present buyers 10s. The value of tbe Extended has been increased by £22,000; Scotchmans United, £25 300, as likewise the Pleasant Creek Cross Keet Company, aud the Oriental. The grand total ralue of these stocks before the discovery of the gold-bearing reel in the Crown Uroes United Company s shaft by the aid of tho diamond drill was about £41,164; now tbe total of their value is £148,400 ; the one diamond drill increasing the value uf muting properly in this instance £107,246. But (his increase has only begun to grow, aud it is therefore difficult to say what one or two more discoveries will effect." With such facts acd figures before them there should be no doubt in the minds of those whose interests _>re wrapped up and intimately iinkeu with the succens or failure of thu quartz reeling industry as to the ueceisity of promutnig the furtherance ut tho prcteut undertaking, whioh under eflieieut and cureiul u.u-iag-uuent eumiut fail to give important mil lo the development uf tbe resources ol the district, and will in uad it is uct us a click upou tl-« hitherto waste ml expenditure of large suitu* ot money m thd construction ot prospecting tuuuels aud shafts. As a further incentive to the promotion ot this compauy, it may be nieuiioued lhat the drills supplied by the Vie toi ian iioverumeuc proving inadequate to the requirements of its goldfields, a cotupauy has beeu iormed iv Ballarat, with a capital ot £50,000, for tho purchase of diamond drills, at.d another company ior tbe eu. . c purpose has been projected at (Sandhurst, with a capital ol £25,000. felt is intended to let tbo drill (or hire to any Boujiiuny requiring it ; to take contracts! o boiing, uud uiso to prospect any uroundt 11 u.uy Uereuiter be acquired ly iiecouipany. Uutii the euueiso oi tiie undertaking lull) demoi-sti-ued by results irom tlio Use ol Mie drill, wnitu it is iiittinled to order at iv curly duie, only a portion ol the c.tpitul will bo culled up, uid it is calculated tbui tho revenue anting irom the luring oui of the macbiue will yield a handsome return in iivideuds, whicu may at the discretion of iht ihureholders, be u^ropnuted to tho pur«. ;huse ot additional uppitaucos. 'ihe luangahi>a district is peculiarly fuvorlble ior tl;c operation ol the .Ujuiond drill. A meeting ot shareholders will be calle ifler 10,000 snares have beeu nr-plted for, to ieciau upou the luluro courav vi opcrut.ou*. .bor-ii. of uppliouiiou tor shares io be od Luuivd irom m_ undersigned, W. If. Z^ALL BECEll'l'3 Circulars, Scrip ii.ll-Ycurly Statcmeuts, P.iy Sheets,*^ olilii'ijiin L'inM, F>) l' ai i i-i;- o .to Central Broadway celt