Page 4 Advertisements Column 1

Cromwell Argus, Volume III, Issue 119, 20 February 1872, Page 4

PROSPECTUS OF THE GARRICK RANGE WATER SUPPLY COMPANY. REGISTERED. CAPITAL ----- £12,000, IN SHARES OF £1 EACH. INTERIM DIRECTORS : James Cowan, Esq. Ignatius Loughnan, Esq., J.P. James Hazlett, Esq., J.P. James P. Taylor, Esq., J.P. James Stuart, Esq. Cr. W. CrOODGER, ESQ. James Marshall, Esq. TREASURER : James P. Taylor, Esq., J.P. SOLICITOR : A. W. Allanby, Esq. secretary : Mr H. W. Smythies. BANKERS: Bank ok New South Walks. surveyor: H. W. Smythies, Esq. THE Company is formed for the purpose of supplying to the large Mining District of Garrick Range and Bannockburn a quantity of Water sufficient to, in some measure, enable the well-known auriferous resources of that district to he developed. By the proposed scheme, the necessity for further Steam machinery for Quartz-crushing purposes will he dispensed with ; and by the substitution of Water-power, a saving of 50 per cent will be effected, besides stimulating the erection of additional Quartz-crushing Mills. By a judicious distribution of the supply, the Water can be made available many times, as the altitude at which it will he delivered on the Range (being within two hundred feet of the summit) will enable the Company to dispose of its use at various levels until its final debouch into the Kaivaran River. The proposed Race will command at least thirty square miles of well-proved, highly auriferous ground on the Garrick Range, which nothing hut the absence of water has hitherto prevented from being profitably worked. Mr Hauohton, in his Report on the Water Schemes to be initiated by Government aid, referred in highly eulogistic terms to the desirability of this scheme, and to its undoubted success. There are at present three Steam Quartz-crushing Machines on the Range, and these are stopped frequently through want of water, and are subject to a heavy outlay for procuring coal. These difficulties will be effectually overcome by the successful carrying out of the proposed scheme. The undoubted payable character of the undertaking has induced many private parties to propose a similar scheme, hut the cost has invariably prevented its furtherance ; and it has been acknowledged that, to ensure a successful issue, the undertaking should be placed in the position of a substantial Company. The line of Race has been marked out, and the necessary levels have been taken, by our Surveyor (Mr Smythies), with the view of ascertaining the practicability of the scheme ; and it has been estimated by him that about £7OOO will he required to construct the Main Race, of which a portion will have to he flumed. The Company, recognising the necessity of having a capital to command any contingencies, and with a view of compensating the Promoters, nineteen in number, (some of whom have .relinquished large private rights in favour of the Company,) have made the Capital £12,000 ; and the Promoters have agreed to accept £IOSO in paid-up shares, as compensation for their rights and expenses in the matter, —thus leaving £10,950 available for the prosecution of the works. The Company propose bringing in Sixteen Heads of Water, and the disposal of that quantify at current rates will secure to the Company large and permanent dividends. It is also intended to obtain such Subsidy from the Government as may be granted, should the terms he suitable. So soon as a sufficient number of Shares have been applied for to insure the existence of the Company, a general meeting of Shareholders will he called for the election of permanent officers, and to take steps to register the Company. It has l>een settled by the Promoters that 1/per share he paid on application; that 2,6 be paiil on allotment ; and that no calls he made at less intervals than one calendar month, and shall not exceed 2/6 each call. FORM OF APPLICATION FOR SHARES. To the Secretary of the Carrich Range Water Supply Company, Registered, Cromwell. Sir,- I hereby make application for Share s- in your Company, or any less number that may he allotted to me ; and I enclose being deposit of one shilling per share on the above, number, subject to the terms recited in the Prospec! ns. Signature , Address