Page 3 Advertisements Column 6

Inangahua Times, Volume VII, Issue 1074, 14 April 1882, Page 3

Public Settees. EXCHANGE | HOTEL, U P F IS U BKOAOWAT li sector. Nothing bu* the best Brands and Choicest Samples of WINES, ALESvMd SPIRITS, kept id Stock. Lofty .and Jwbll-vbntilated JBbdbooms fob Visitors. Id connection with the Hotel the pro* Iprietor wishes to draw the atten- , tion of Managers of Dramatic, Theatrical and other Companies to the •ODDFELLOWS' HALL,' Which has lately beeu entirely renorated, enlarged, and fitted up in a manner to euture convenience and comfort of audience* and actors, Comprising new scenery and other ac« cessories, including a magnificent . ErArfo, necessary tor tirst>class per* tottoances, with Commodious Dressing Koomgk adjoining the stage*, which is tH largest in Keefton. The Hah. wilt be bt on Bkisohablk tfid bo endearour wilt be r u Ijlwart&#icu render^he Jfclotel and M^a!l,attia^e'tojp^pi *^ L.vj^'' ' / PBOPBiirrdß. ♦ PROSPECTUS OF THE ITNANGAHUA DIAMOND DKILL I AND HOCK BOEING MLIMMt (jOMPANY, Limited, Begtstered under "The Mining Coma panics' Act, 1872." CAPITAL : £6000, in 24,000 shires it 6a each* THREEPENCE on Application ; 3d on Allotment, and Calls not to exceed 6J per month. NO PKOMOTEKS SHARES. PBOVISIONAL^OOMMITTfiJi: t Mr Bowman^ Mr Lewis Mr Hunter Mr Lecky Mr Brennan Mr Jonea Mr Potta Mr Wue Mr Lee Mr Beeobe Mr Cohen Mr M'Loughlitt Mr Eraser Mr P. BaUer Mr FitzQersld Mr Hobby Mr Boardman Mr Walker Mr J. Gallagher Mr Archer Mr Watson Mr M'Kay Mr Lore Mr Bait MrHankin Mr Murphy Bakkers : The National Bunk of New Zealaa Limited, at Beefton. Hon. Secbetaby : Wm. Hugh Jonea, ttolieitor, Beefton, OBJECT OF THE COMPANY. The object of the company it intro. duction ot the Diamond Drill ,an admitted factor to successful progress in mining, to prospect, aLd more speedily develop the valuable quartz reefs on the West Coast of the Middle Island, the initiation of the movement primarily centering and opera iug in the well-known district vi Inangahua, » locality famous for its ricb quarts lode*. Tbe benefit that would accrue to all classes connected with these goldfields, directly, ac well as indirectly, caunot posuuly be better illustrated than oy reference to the iollowiair statement made tv tbe Victorian House «c Assembly, iv tbe month of August last, bj a momber iv support of a motion fhat £10,UOU be placed nn lue Jfstiwafes lor 1882, to pur* cbaae diamond drills, 4c : — " The value of the work performed by one diamond drill at Stawell ia best understood by the enhanced value of mining properties which its discoveries have effected. Calculations in this direction have been made with some care, and are to band, viz.— Crown Cross United Company, 19044 shares, former price Is 2l each : present value 10s. tiouth Cross United Company, 30,240 shares, former buyer*, Is 2d ; present buyers, ss. Aios. 14, 15, aim 16 South Cross, 14,400 scrip ; former bujer« 4s lOd ; present buyers 14« 6d. Aio». 1 and 2 North Scotchman*, (formerly unsaleable) b96U shares ; present buyers 10s. llio value of the Extended has been increased by £22,000; b'cotchmans United, £25 3UO, U4 likewise the tleasaut Creek Cross iteet Com-> pany, and the Oriental. The grand total value ot these stocks before the discovery of the gold-bearing reef ia tbe Crown I row United Company s shaft by tneaid of tbe diamond drill was about £41,164; now tbe total of their value is £148,400 ; the one diamond tliill increusing tbe \tdue of mining property m this iust»uce £lU7^M>. Bui. this increase has only begun to grow, and it is therefore difficult to »ny what one or two more discoveries will effect." With suclk facts ard figures before them there should be no doubt in the minds of those whose interests ate wrapped up anU intimately linked with the success or luilure of the quartz reefing industry as to the ueceisity of promoting the lurtheranve %>1 tuo preteut uudtrtukiiig, wuicii, uuder eUiuteut and carelul u<uuag«iueut canmitt lull to give important u'U to*he devilupiiiNsi^t of lue re* sources oi tliifbistnut, ana will iv aiici it i* act us a clin.-i* upon ti<n huliertu wuateiul •xpemliturt M' large «uiha «f* uionev m ii lc > construtiiion >'uf piospeciiajr lunuels and shalts. Ae'ajurther incentive to the promotion ot this company, it way tie meiiUwued that the I drills supplied by the ViciotUU Government proving mukivquaie tJlin teqxiireuieuu ol iv goldlietds, a cauipuuy ims b«eu loruied tit Jttullarat, with a capum ol £50,000, lor the purchase ol uiauiouu diilts, aud another company tor the sa i c purpvsc lias been projevteU it oandUuret, witU a cuuikui ot £2u,uuu. k It is intended to let tbe drill lor hire to any cumpuuy requiring it ; to take voutracta. v buiuig/uiiU v.so to prospect itnv uruuudt 1 1 v.ay tiertuiter be acquired ly ne eVtnpany. Uulll Hie vi ttle Uiu.cliuWiiig luii_v iieiuoiiSUateU by rcsiuu iioiu the Use ol one U rill, wnictt it is luitiiiieu 10 order at un eurlj dote, omy a pxriiuu ot the capital will be cuUcU up, unit n is calculated thai tbe revenue unsii.g iruui the hiring oai vi the machine wilt jieiU it lianasuuid return iv diviacuds, wmcu inuy ut Hie Uiecivtiau ut tlu Sliurelioiucrs, Do iip^iupna'.ea lo me pur* chase ot aduiliouui uppn:tiice«. 'liieinuiigaiiiiit district is peculiarly tavotuble lor tlie opeiiiti.jn ut (be oiainoiiil drill. A lutfi'tiug ot eUJivliulUers wnl bo calle after lo.UUu sujTvs nutu Oueu wpliea lor, to Ueculu upon tue luluru cuur^v ul operutivti!*, foruu ot lor snares xO Jti uo lUUivU il'uiu iuv Ui'iicl>lguevi. vV. H. r^ALL BECEIFI'd Circulars, Scrip U..ll* Yearly Statemo its. Pjy Sheets,*'^ if i[ tit {kin L'liti T> • f.\i vi/ i) j e 1 v ciitrai lJiaau\v..y c<.it