Page 3 Advertisements Column 2

Inangahua Times, Volume XI, Issue 1781, 10 November 1886, Page 3

PROSPECTUS OF THB /"I HI O AGO GOLD MINING COM _ yJ PANY, Limitid. jr T Capital : £12,000, in £24,000 shares o 10s. Each. i» ' 3 Peombty— A Gold Mikiko Lxarb oj a 15a. lr. 6p., Boatmak's Cubs, County of Inaqffahua. The proprietors of the above lease have determined to proceed as promptly at possible to open up and develop the reel in this ground, toe existence of which * being of a satisfactorily auriferous eharaeI- ter, is shown by the favorable show ol c fold obtained at various times uh the sure face on the line of rtef. The undertaking h being of greater magnitude than the j neans of the present proprietors will " allow— though of small extent in the case a of a company— as proposed, offer a por--11 tion of the shares to the public at oue c shilling per share, aad immediately c the shares are aljotied a meeting of it the shareholders will be called to elect a t Directory, and the Company will be then | Registered and work ooinmenoed. This mining lease was formerly known as the * Lucky Hit, the boundaries being tdtnti- ' cal. It is fair ou the line of reef, which i in its continuous N. and 8. course evuD tains the Homeward Bound wine at its I north cud, then, suocessivelv, south the - Eureka, Weloonio, HopafuL Kery Cross, I Walk*!**, Jvat4a TTnie, Refoi*, Bouth Hopeful, Chicago, Multum in Psrvo, Lone Star, Britannia, Hritannia Exi tended. The first seven of these mines lying north of Boatman's Greek, and the last six south of the Creek, <m the high range between Boatman '• CfreeK and the . Left-hand Branch of the Inangahua. The success of many of these mines being so well known, it requires no particular account of here, bsfund pointing out ther tt* that the minMg leases south of the P Creek have during th# Jast few months only, had any iiltniitiiinitil to them in the way of prospecting, sM that only of a ! limited nature, compatible with the means of small parties of prospectors. The success of these limited operations has been 1 demonstrated, notably in the case of the Lone Star, which mine lies south about > 400 feet of the Ohioago. The Lone Star ' by a comparatively small expenditure have opened a mine the market vain* of which at present is £6000, (vide late sales), end l doubtless with iudkious expenditure of a small amount of capital on other leases in that locality similarly satisfactory results 1 are to be obtained, and the wealth of this ) hitherto neglected portion of the Boat i man's line of reef brought to light to the 1 benefit of the adventurers. The grade of the surface in the Chicago i allows the reef to be prospected by short | tunnels— a great advantage over shaft t workings. A tramway about 20 chains in . lensth would make connection with the ' Just-in-Time wad Fiery Cross batteries, > where crushing could be performed at a ' moderate charge. Thti lenith of the > lease f on the line of reef is 1,100 feet, and it was ■ pegged off with the view to contain the reef at lower levels, allowing for strike { and underlie, The deed of lease from the Government hat bean executed, and will be deposited with the undersigned as 1 agent for the proprietors, to bt tiansferrad > to the company on its registration. Bhares will be allotted by the •gentaj * they are applied 4ify thuisluss IsUsßiHlf investors will do well to apply promptly. All applications must be accompanied by a deposit of one shilling per share. Messrs Deacon and Co., Wellington } James Henderson, Cbristcburch : A. G. Fenwick, Dunedin: Zoffany Home, Westport; and G. w. Moss, Greymouth, sbarebrokers, are empowered to receive applications (with deposit) for shares, such applications being subject to allotment in the order they are received by the agent ■ until the number to be issued have been 1 subscribed for. Any application through any Reefton sharebroker will have the - same attention, or applications may bt i made direct to the undersigned, W. G. OOLUNGS, Sliarebroker. > Reefton. Agent for the Proprietors. I Reefton, November 2nd, 1886. 1 MUTUAL ASSURANCE SOCIETY [ OF VICTORIA, Established 18/0. ' 4 88URE in the Mutual Assurance ! n. Society of Victoria Because AGE taken aa at nearest birthday. The WHOLE of the profits belong { to the members. , BONUS every five years, and I PROSPECTIVE BONUS allotted to ' Policies becoming claims during a quinquennium. 1 RESULTS similar to an Annual Bonus. ' Claims PROMPTLY SETTLED. ' Policies free from RESTRICTION. Members have liberty to reside in, ' or travel over, any part of the world. WITHOUT EXTRA PREMIUM. ACTUAL RESULTS. f As shown in P CLAIMS PAID. Policy 2248, eight years in force, Premium paid by member 440. I Amount insured, £250. Amount paid I to widow and children on decease, i £274 9s 4d. Bonus on premiums paid in eight years 61 PER CENT. I Vide the following : — , Policies which have NOT been three years in force may after the days of grace allowed for payment of the t premium have eipired, be revived at - any time within THIRTEEN a MONTHS. a Policy holders can borrow upon their * policies with personal security to * HALF the extent acsured for, and the v proposal for loan and Life assurance g will, if necessary, be considered simulb taneously. c PROFITS on investment of money it during the past five years, and now ,t being divided amongst the policy* 0 holders, £34,099 17s 3d, which will d provide Reversionary Bonuses amount- « ing to upwards of .£77,000. ii Average rate of interest duing the h past five yean £6 16s per cent, which y is 2| por cent abowthe rate assumed i. in the valuation. d The LOWEST average rates ol premium of any society doing busiuesi r, in Australasia. W. J. POCOGK, Cbi«f travelling agent for Marlborougb AdstfD and W«at Cotfi