Page 3 Advertisements Column 3

Inangahua Times, Volume XI, Issue 1751, 1 September 1886, Page 3

PROSPECTUS OF THE UNITED DEVONSHIRE GOLD MINING COMPANY, Limited. Capital ; L 6.000, in 30,000 Shares, of 4s Each. Provisional Directory : Mr W. Irvino M r David Yotino, Mr '„ Moncribfb Mr H. Campbbll, Mr D. Mathbson Mr J. M'Mastbhs, Bankers ; NaH ml Bank of New Zealand, Limited. H. G. Hankin, Secretary. The Registered office of the Company is to be in Reefton. The property proposed to be worked is comprised in a quartz mining lease of 16$ acres, situate on Anderson's Hill, in tho Inan ,'ahua district, and embraces two well known gold-bearing mines that some thirteen years ago were in full work, and in a flourishing condition, viz., the Anderson's Creek and Invincible Gold Mining Companies, Registered. The former mined about 7,000, and the latter company under 1,000 tons of quartz which yielded respectively a general average of 19dwts 12grs, and 23dwts 7grs per ton, while both declared dividends only to the extent of L 1,600, a circumstance attributable primarily to the very hiuh coat of production, wages then ruling at from L 5 to L 4 per week, while crushing was 30s per ton, which, together with a Tery marked absence of quartz mining experience, combined with the severe monetary depression then prevailing, led first to a temporary cessation of work, resulting subsequently in the cancellation by the Crown of the mining leases, for non-ob-servance of the covenants, and finally culminating in the voluntary winding up, and abandonment of the mines by the companies. Such is the brief history of the companies who occupied the ground it is now proposed to work. And now, in reference to the latter proposal, there need be no doubt entertained with regard to the existence of large quantities of highly payable quartz throughout the leasehold, the knowledge of which prompted the present proprietory (several of whom were large shareholders in the original companies, and likewise worked in the mines, and are cognizant of the ; presence of stone), to secure a title to the ground and re-open the mines, which can be effected at a small expenditure, both runnels and shafts being available with slight repairs to shortly enable quantities of Ht< me to be brought to grass. A battery of 15 head 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 snch facts (the accuracy of which cannot be refuted), the value of the venture as an investment must commend itself to the most sceptical, as being exceptionally sound. More especially when j the right of participation in the undertaking involves so small an outky, coupled with a minimum of risk, as provided by the terms of the limit of liability ; the 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 in the district. The work of opening up the stone will be commenced forthwith, when all the shares not then allotted will be withdrawn from the market. Applications for shares to be made n the attached form, through the company's j bankers, or any authorised sharebrokur, or to the Secretary, in which latter 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 the 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. CHEAP SADDLERY:! M. MCNELIES, HAS REMOVED to new and enlarged premises opposite Dawson's Hotel, and has on hand a large stock of IMPORTED and COLONIAL made Saddlery, and the prices are as follows: — Colonial made Saddles and Bridles complete, £3 and upwards Spring Cart S»t of Harness complete ... £8 „ Set 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 givon to these particular lines, to Convince purchasers of the superiority of hand made work. REPAIRS. Every attention will be given to REPAIRS, and CHARGES STRICTLY MODERATE. Horse covers all sizes, and a large stock of American and Colonial Collars, Haimes, and Chains always on hand. The Trade Supplied All orders from outlying districts will be delivered free of charge. M. McNELIES. Opposite Xfewtott'ft Hotel