Page 4 Advertisements Column 1

Charleston Argus, Volume 1, Issue 8, 10 April 1867, Page 4

spec r us OF THE ARLESTON "IT 7 ATE R T) AC E COM PAW, ( {To be registered under the Limited Liability Act, 1865.] Capital, £SOOO, in five hundred shares of ,£lO each ; £\ to be paid on application and X'l on allotment, the remainder in calls not exceeding £l, at intervals of twenty days each. I'ituVlfilOJfAL DIRECTORS Messrs .James Hennellv Bernard M'Coy J. W- Griffiths llcnrv Kofohl Jeremiah Creed W. Keating William Flannigan. Bankers : The Bank of New Zealand. Manager, pro tem : James M'Masters. Seer, tary, pro tem : F. Carroll. Engineer : Charles Nees, C.E. The object in forming the above Company is Terrace claims, and the new rushes contiguous to Charleston, whereby many hundred claims could be profitably woiked .that are now abandoned for want of water. The Company have

registered the Race to supply twenty government sluice heads, which would furnish an abundant quantity, in addition to being able to drive powerful machinery for crushing cement which abounds in vast quantities on the line of route, also could be made available for Saw Mills or other purposes. The probable length of the race is four miles, and as one third will require fluming, the promoters are positive that the capital sought will be ample for all purposes. The line of Race is surveyed two thirds of the entire length by the promoters, who have also cleared the track, in consideration of which they require sixty (60) fully paid shares in the Company. It is well known that upwards of four hundred claims could be supplied from the above race which, at the rate of £2 per week, half the price paid for water now, would yield the handsome return of £BOO weekly, or £40,000 per annum ; one of the most lucrative undertakings that has been submitted to the public. As new rushes take place almost daily, the Company's Race would assume more gigantic proportions as the works extended; ground hitherto unprospected would be opened up, the miners, very naturally, would go contiguous to water, and the well-known character of the auriferous deposits of this district would warrant the assumption that a very large and payable goldfield would exist here for several years. When half of the shares arc allotted the Provisional Directors intend to call a meeting of! shareholders, to elect Directors, and to settle the rules and regulations under which the Company shall be governed. Application' for s!:ar:s to be mado tp the Directors, or Messrs M'Mutcr; and CarrolL rf