Page 3 Advertisements Column 3

Cromwell Argus, Volume V, Issue 236, 19 May 1874, Page 3

CARRICK RANGE WATER SUPPLY CO., Registered. Nominal Capital ...... £12,000, In 12,000 shares of £1 each. SECOND ALLOTMENT OF SHARES. Directors. Mr James Taylor Mr John Marsh „ James Hazmstt „ William Griffiths „ David A. Jolly „ Wm. Goldsmith Mr James Stuart. An extraordinary meeting of shareholders was held in the Company's office on Wednesday, Uih February, 1874, at which it was resolved to reopen the share list of the Company, which, it will be recollected, was closed upon the Ist of December last, and up till which time 2195 shares had been taken up. The same meeting authorised the Directors to borrow the sum of £4OOO from the Government, to aid in carrying on the works if it were found necessary. It was unanimously felt that even if it should not be required, the power to draw upon such a sum would givo increased stability to the Company. Eleven and a half miles of the race have been already completed, at a Co3t of nearly £?000, and there only remain now a little more titan six and a half miles to be finished before th-; race is complete. During the progress of these six miles, creeks will be crossed from which seventeen sluiceheads of water are granted to the Company, independently of the Coal Creek supply. About four chains at the present time only remain to be cut, before a creek is reached from which two heads are granted. The Directors at the same time do not wish to conceal the fact that the completion of the six miles will be attended with as much difficulty as was met with in the first eleven and a half miles, The Directors feel assured that the merits of the Carrick water scheme are too well known and recognised to require many remarks from them. The water will, when brought in, command onoof tho largest sluicing and quartz mining districts in Otago, and one which only requires a supply of water to develop its hitherto almost untouched resources. As an instance of the demand which at present exists for water on the Carrick, it may be mentioned that the sum of five pounds per week is now paid by the United Star and Oak and Elizabeth quartz companies for a supply which cannot be said to equal oneuuarter of a sluicehead.

Under all the circumstances briefly indicated above, the Directors expect to be well supported in further prosecuting the undertaking. Eight of the local shareholders who were present at the extraordinary meeting were so well satisfied with the progress of the work, that their name 3 were put down at the conclusion of the meeting for 780 additional shares. The conditions under which shares will be allotted are as follows :—Two shillings and sixpence to be paid upon application, and the balance in monthly instalments of two shillings and sixpence each. D. MacKELLAR, Manager. The applications for shares in the Oorrick Range Water Supply Company (second issue) will be considered and determined on the Ist of July next ensuing, or at the first meeting o Directors thereafter held. Mr W. Oram Ball, of Dunedin, and Mr War. Hayes, of Lawrence, are authorised to receive applications on behalf of the Company. D. MacKELLAR, Manager. JENDTGO HOTEL, ' Sunderland-street, Clyde. THOMAS HAWTHORNE, (lato of the Clyde Hotel,) Proprietor. Thomas Hawthorne bags to inform his old friends and acquaintances that be has taken for a term of years the above Hotel, where he hopes to receive a call from them. The Bendigo Hote contains every accomodation, and the present proprietor's only a ; m will be to give satisfaction to his customers. The comforta of a home, combined with the conveniences of a hotel, are to bo found at HAWTHORNE'S BENDIGO HOTEL. Gocd Stabling, with an efficient groom. 0 R. S A L E. The COTTAGE on the Carrickton Road, near the Caleloniau claim.—Apply to JAMES TAYLOR, Cromwell.