Page 3 Advertisements Column 7

Inangahua Times, Volume VII, Issue 1073, 12 April 1882, Page 3

Public EXCHANGE . HOTEL, UPPI3 it B ItO AD\V A T L'JJBFTOK. Nothing but the best Brands and Choicest Samples of WINES, ALES, and SPIRITS, kept id block. IiOPTT ,AHD JWBU>VfiKTILATM> , BEDBOOMS FOB VISITOBS. In connection with the Hotel the pro* "~ Qprietor wishes to draw tbe,attesi* ,tion of Maoaßen of Draiaatic, Theatricsl and otiAjjpE&Bnaniea to the •ODDFELLOWS' HALL/ Which has lately been entire)/ renovated, enlarged, and fitted «p in a manner to entttre eonvenienee and comfort of audiences aid aetora, Comprising new aeenen and other jp» eeatoriea, ineludiajj|^ . ms«nificM* PiAiro, neeessaryf per* formaneea, with CeaiaodknM Dressv Mjr^RoooQS idbmA Um atage» n/BrlmE wlmbe let oi Rba»o»abli i% - TlWis, and no endeavour will be [ tparea to rtadar the Hotel and Heft atUaetif* grail Visitors ANTHONY KATKRt PaOPBIBTOB. PROSPECTUS OF THM INANGAHUA DIAMOND DRILR AND ROCK BORING MINING. COMPANY, Limitb©, Registered under "The Mining Comepanies' Act, 1872." CAPITAL : £6000, in ftfcQOO abaret a4 6s each* THREEPENCE on Application ; 3d on. Allotment, and Calls not to exeeed 6d per month. NO PROMOTERS SHARES. PROVISIONAI&COMMITTJSE t- . Mr Bowmaig Mr Lewis " Mr Hunter Mr Lccky Mr Brennan Mr Jones Mr Fotts Mr Wise Mr Lee Mr Beeche Mr Cohen Mr M'loughlio Mr Fraser Mr P. Butler Mr FitxGerald Mr Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer Mr Watson Mr M'Eay Mr Love Mr Balf MrUankin Mr Murphy Bahebbb : The National Bank of New Zealaa Limited, at Reefton. Hon. SBoantßT : Wm. Hugh Jones, Solioitor, Reefton, OBJECT OF THE COMPANY. The object of the company i» intro* duction of the Diamond Drill admitted factor to successful progress m mining, to* prospect, abd more speedily develop the valuable quarts reefs on the West Coutof the Middle Island, the initiation of the movement primarily centering wad opera ing in the well-known district of Inangahaa, a locality famous for its rich quaru lodes. The benefit that would accrue to all nlsssos connected with these goldfielda, directly, ar well as indirectly, cannot poeuoly be better illustrated than by reference to the following statement made iu the Victorian House et Assembly, in the month of August last, by a member in support of a motion that £10,000 be placed nn the JRstimates lor 1882, to pur* chase diamond drills, 4c :— " The value of the work performed by one diamond drill at Stawell is bett understood by the enhanced value of mining properties which its diecoveries have effected. Calculations in thisdirection have been made with some care* and are to hand, vis.— Crown Cross United Company, 19.044 shares, former price Is 2d each : present value 10s. South Cross United Company, 30,240 shares, former buyers,. Is 2d ; present buyers, ss. No*. 14, 15, and 16 South Cross, 14,400 scrip ; former but era 4s lOd | present buyers 14s 6d. No». 1 «nd 3 North Scotchmans, (formerly unsaleable) 8960 shares » present buyers 10s. The value of the Kxteuded has been increased by £22,000 j Scotchmans United, 3263U0, M likewise the Pleasant Creek Cross Jfeet Company, aud the Oriental. The grand total value of these stocks before the discovery of the goldUbearing reef in the Crown Crow United Company's shaft by the aid of the diamond drill was about £41,164 j now the total of their value is £148,400 j tiie one diamond drill increasing the vmlue wf wining properly in this instance £107,846. But tins increase has only begun to grow, aud it is therefore difficult to say what one or two more discoveries will eHe^t?' With such facts axa Bgires before them there should be no Uoubk in the minds ol tbose whoae interests are wrapped up anJ iutiioately liuked with the eucccM or iuilure of the quartx reeßug iuduttry a* to the ueCeieitjr ot prouiotuig the furtherance ot the ureuut uudertakiug, which uuder cflicieut and curelul u.uuagKuient caunut tail tw give iuiportuiit nid to the development vl the re* sources ol tho district, aua wrUi iu aud it m act as a check upou tl>« hitliertu wast«iul axpeiiiinure ol large suits ot mouev m ih<» voustruciiou ol prospeotuig luuueis auU siia*^' -i,,^ , * • AsTqUrther inceutire to tte Promotion ot this ebmpauj/v H may be uieiitioutid that the drills supplied by the Victorian tioverunient proving madequate to the requirements of its goldfields, a vompany lias been formed iu Ballarat, with a capitat ol £60,000, for the purchase ol diamond drills, au*J[ another oouipany lor the sa i.e purpose has been projected ut bandhnrst, with a cupital of £25,0U0. i It is intended to let the drill for hire to any couipuuy redlining it ; to take uomrncts; o boiuig, and aiso to prospect any grounds % u^ay ben-ultcr be acquired vy 'ue company. Uutil tbo tUcvtfts oi the uiK.vrtukmg full) ueiuuiiAi rated by rcsaiu iruiu tbv usvot one drill, wi.icti it is uiiciuted to order at an eurly dute. only a purtiou ol tlie capital will bt) called up, uud il is culcuiatcd thai the revenue arising iruui the hiring out ol the tuuuliiue will jieid u iiaiKisouio return iu 1 dividouds, wliicu nuy ut (ho uucrvlion ot tlu shareholders, be upuropriu'.ed lo the pur* chutfu ol adaitionul uiipiiuiiccs. 'Die luuuguliui* diauut is pecu'iuriT favorable lor die upcrmiou ot tue Uiauioiul drill. A meeting ol tLiirciiolddrs wilt bd callu after lU.UOU a.iarta luvo becu vplieU lor, to ilt'Ciac upon Uii; luture cou>*i>o ol upLTunoiit , i?oriiis ul upullCattJU loi' dlldlts 10 Jti Ob tuiued iruut luo uauvi'sigued. »V. If. piALL EECEirrcs Circulurs, Scrip u..ll'l'ourly StaUuic.iti, P..y>Slitfots,_'^.: !ilin;iin I'uni. .fit t\Mii«.'O'it« v c:;ll\ii Uio.tdu'.ijf ccU