Page 3 Advertisements Column 3

Cromwell Argus, Volume V, Issue 238, 2 June 1874, Page 3

CARRICK RANGE WATER SUPPLY CO., Reoisdbeed. Nominal Capital £12,000, In 12,000 shares of £1 each. SECOND ALLOTMENT OF SHARES. Directors. Mr James Taylor Mr John Marsh „ James Hazlett ~ William Griffiths „ David A. Jolly „ Wm. Goldsmith Mr James Stuart. An extraordinary meeting of shareholders was held m the Company's office on 'Wednesday, 11th February, 1874, at which it was resolved to reopen the share list of the Company, which, it will bo 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 Director.? 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 give increased stability to the Company. Eleven and a half miles of the race have been already completed, at a cost of nearly £3OOO, and there only remain now a little more than six and a half miles to be finished before the 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 timeonly 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, commaud one of the largest sluicing and quartz mining districts in Otago, and one which only requires a 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 nfSfihUs per week is now paid by the United Star and Oak and Elizabeth quartz companies for a supply which cannot be said to equal oueuuarter of a sluicehead.

Under all the circumstances briefly indicated above, the Directors expect to he 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 tho work, that their names were put down at the conclusion of the meeting for 7SO additional shares. The conditions under which shares will be allotted are as follows :—Two shillings and sixpence to he paid upon application, and the balance in monthly instalments of two shillings and sixpence each. D. MacKELLAR, Manager. The applications for shares in the Carrick Range Water Supply Company (second issua) will he considered and determined on the Ist of July next ensuing, or at the first meeting n' Directors thereafter he'd. Mr W. Oram Ball, of Dunedin, and Mr Wm. Hayes* of Lawrence, are authorised to receive applications on behalf of the Company. D. MacKELLAR, 0 R S A J"; E The COTTAGE on the Oarrickton Road, near the Caledonian claim.—Apply to JAMES TAYLOR, Cromwell. p ROM WELL PUBLIC LIBRARY. The Reading-room is open to Subscribers on Mondays, Wednesdays, and Saturdays. The Library contains an extensive variety of Rooks in every department of literature ; and about £-10 worth of New Works is expected to arrive shortly from Great Britain. * AM the Provincial Newspapers, and a number of English Papers and Periodicals, are regularly received for the use of Subscribers. Annual Subscription, £1 Is ; Half-Yearly, 12s 6d ; Quarterly, 7s Gd. JUL E S L A FONTA IN E, O WHEELWRIGHT, MELMORE-STREET, CROMWELL, Is prepared to execute all orders and repairs intrusted to him. aaaßama™