Page 3 Advertisements Column 3

Inangahua Times, Volume XI, Issue 1754, 8 September 1886, Page 3

THE Pi;iiM\NE\T BUILDING SOCIETY OF REEFTON. rpHE ANNUAL MEETING of Tlu 1 Pei inKti'-nt Building Society 0 R.-efion <v'!i ' c In !d nf the Office Broadway,, ri WEDNESDAY EVEN ING, ISti 'i: TEMBEU.atOo'clcck To Rwiive Balance Sheet. Elec tioii of Directors and Auditors. A ntW ri i ieS Will hr opolK'd. R. CHATTuCK, Secretary. DRESSMAKING. , IRS T J. MoLLOY bej,'s ;o inform *»*- tlic La. ies of Reefton that she is Prepan d to ui:d«itake ull kinds of DRESSMAKING. All the Latest London and Paris Fashions by each European mail. AddivKS— T. J. Molloy'H premises, late W. G. Coll ings), Broadway. TO LET ON EASY TERMS. . FARM at LARRYS CREEK, w ar \ tht TOWNS II IP, coutaining 100 ACRES of GRASS. Apply to the Undersigued, W. ROBERTS, Left hand Branch. V. R. PRELIMINARY ANNOUNCEMENT. 4 N AMATKUR Dramatic ENTEBA TAINMKNT in aid of the Uniform Fund of the Reefton Cadets, will Ye held on FRIDAY, 24th SEPTEMBER. Further particulars in future issue. PROSPECTUS OF THE UNITED DFA r ONSHIKK GOLD MIXING COMPANY, Limited. Capital ; L 6,000, in 30,000 Shares, of 4s Each. Provisional Directory : \?r W. Irving Mr David Yottng, Mr . Moncriefe Mr H. Camvbf.ll, MrD. Matheson Mr J. M'Mastkhs, Bankers ; National Bank of New Zealand, Limited. H. O. 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 luauirahua district, and embraces two well known gold-bearing iuuibb that some thirteeu years ago were in full work, and in a flourishing condition, viz., the Anderson's Creek ami Invincible Gold Mining Companies, Registered. which yielded respectively a general avura»e of 19dwts 12gvs, and 23ilwts 7s,'r» per ton, while both declared dividends only to the extent of L 1.600, a circumstance attributable primarily to the very hisfh cost of production, wages then ruling at from L 5 to L 4 per week, while crushing was 30s per ton, which, together with a very 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 tho covenants, and finally cul initiating 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 quantitira 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 stony), to secure a title to the ground and re-open the mines, which can be effected 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 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 such 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 the right of participation in the undertaking involves so small an outlay, coupled with a minimum of risk, as provided hj the terius of the limit of liability ; tSt present proprietors having decided to offei 24000 shares in the open market, at * premium of four pence per khare, tbm affording the public an opportunity ol participating (at a small cost) in one of tht most promising and legitimate mining ventures in the district. The work of opening up the stone wil be commenced forthwith, when all tlx shares not then allotted will be withdraw! from the market. Applications for shares to be made r the attached form, through the company'! bankers, or any authorised sharehroker, 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 sharet in the The United Devonshire O M.Co., Limited, and herewith hand you the sun of L , being the amount of Fnurpeuct per share, and I undertake to sigh tin: Articles of Association when prusentet for that purpose. Witness Name in full Occupation Address