Page 3 Advertisements Column 2

Inangahua Times, Volume XI, Issue 1746, 20 August 1886, Page 3

PROSPECTUS OF THE UNITED DEVONSHIRE GOLI MINING COMPANY, Limited. <■ Capita ; L 6.000, in 30,000 Shares, of 4« i. Each. t ' j Provisional Directory : , Mr W. Irving Mr Davih Yonxo, i Mr . Moncbibfe Mr H. Campbell, r D. A Iath ESON Mr J. MWlastkiW, 3 Bankers ; National Bauk ..f New Z. dand, Limited. ; H. G. Hankin, Secretary. 1 The Registered oflioe <»f the Company is to be in Reefton. The property proposed to be worked is co nprised in a quartz mining lea so of 16£ acres, _itu ate ni Andor.-on's Hill, in tbo Inati-.ah -i-liatrict, and embraces two well known goM-l waring mines tbat some thirteen years ago w«ro in full work, and in a fl.iuris'iing c ••• lition, viz. , tbe Anderson's Creek and Invincible <b'ld Milling C'.nnanies, Registered. The forin<>r mined al*>ut 7,000, and the latter c_nn.iv under I,O OJ ton .of quartz wbich yielded respectively a general average of 191wts 12gr_, and 23dwts 7g" per ton, whil « both duel .red dividends only to the extent of Ll,O )), a oircuin stance attributable primarily to tbe very high cost of nrodnctioii, wages then ruling at fi .nn L5 to L 4 per week, while cruahi'lg was 30- per ton, which, together with a i very marked al-fanco of quartz mining experience, combiifed with the severe monetary depres -ion then prevailing, led tirst ! to a t -mnorarv cessation of work, resuit- , ing subsequently in the cancellation by the Crown of the mining leases, for non-ob-I sen-ance of the covenants, and finally culj ininating in tbo voluntary winding up, j and ah-mdon men* of the mines by the companies. Such is the brief history of tbe enmpani .8 who occupied the ground ' it i . now proposed to work. I And now, in reference to the latter proj posal, there need be no doubt entertained with regard to fhe existence of large quantities of highly payable quart- throughout ! the leasehold, the knowledge of which prompted the present nropriotory (several of whom were large shareholders in . the original companies, and likewise worked ! in the mines, and ar.; cognizant of the presence of stone), to secure a title to tbe ground and re op-m the initios, which can he eff-cted at a small expenditure, both tunnels and shafts being available with slight repairs to shortly enable quantities of stone to be brought to grass. A battery of 15 bead of stampers is immediately contiguous and available by the construction of a few chains of tramway, at which crushing can be executed at a cost of say 10s per ton. In view of such facts (the accuracy of which cannot be refuted), tbe value of the venture as an investment must commend itself to the moat sceptical, as being exceptionally sound. More especially wheu the right of participation in the undertaking involves so small an outlay, coupled with a minimum of risk, as provided by the terms of tbe limit of liability ; t^e j present proprietors having decided to offer 24.000 shares in the open market, at a premium of four pence per share, thus affording the public an opportunity of participating (at a small cost) in one of the most promising and legitimate mining • ventures iv the district. The work of opening tip the stone will ; ■ he commenced forthwith, when all the ! ' shares not then allotted will be withdrawn | from the market j , Applications for shares to be made in ' the attached form, through the company's - bankers, or any authorised sharebroker, or to tbe Secretary, in which tatter case to be accompanied by a marked cheque, or P.O. order.

APPLICATION FOR SHARES. Gentlemen— I hereby make application for shares in the The United Devonshire G.M. Co., ! Limited, and herewith hand you the sum of L , being tlie'amount of Fourpence per share, and I undertake to sigh the Articles of Association when presented for that purpose. Signature Witness Name in full Occupation Address TO LET ON EASY TERMS. A FARM at LARRY'S CREEK, near the TOWNSHIP, containing 100 ACRES of GRASS. Apply to the Undersigned, W. ROBERTS, Left hand Branch. OHEAP SADDLERY! M. MCNELIES, HAS REMOVED to new and enj larged premises opposite Dawson's Hote. , and has on hand a large stock of IMPORTED and COLONIAL made Saddlery, aud the prices are as follows: — Colonial made Saddles and Bridles complete, £8 and upwards Spring Cart Set of Harness compe te ...£8 „ Ret of Dray Harness ... £6 „ And all other Saddlery at similar Reduced Prices. ORDERED WORK. Saddles, Bridles, Buggy, Spring Cart and Heavy Cart harness, made in ! all styles. Special attention \ will be given to these particular lines, to Convince purchasers of the snperiority of hand made work. REPA-RS. Every attention will b** given to REPAIRS, and CHARGES STRICTLY M ODERATE. Horse covers all sizes, and a large stock of American and Colonial Collars, Haimes, and Chains always on hand. The Tbadb Supplied All orders from outlying districts will he delivered free of charge. M. McNELIES. Opposite Paw-ion's Hotel