Page 3 Advertisements Column 2

Cromwell Argus, Volume V, Issue 242, 30 June 1874, Page 3

Garrick 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 Hazlett „ William Griffiths ~ David A. Jolly ~ Wm. Goldsmith Mr James Stuart, An extraordinary meeting of shareholders was held in 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 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 sura 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 aura 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 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 jn the first eleven and a half miles. The Directors feel assured that the merits of the Garrick water scheme are too well known and recognised to require many remarks from them. The water will, when brought in, command one of the 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 Garrick, it may he mentioned that the sum of live 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 oneouarter 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 names were put down at the conclusion of the meeting for 780 additional shares. The conditions under which shares will he 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 Carrick Range Water Supply Company (second issue) will be considered and determined on the Ist of duly next ensuing, or at the first meeting of Directors thereafter he'd. Mr W. Oram Ball, of Dunedin, and Mr Wm. Hayiss, of Lawrence, are authorised to receive applications on bslialf of the Company. D. MacKELLAR, Manager,

o E S A L E. The COTTAGE on the Camckton Eoad, near the Caledonian claim. —Apply to JAMES TAYIOR, Cromwell.

Q ROM WELL PUBLIC LIBRARY. The Reading-room is open to Subscribers on Mondays, Wednesdays, and Saturdays. The Library contains an extensive variety of Books in every department of literature ; and about £4O worth of New Works is expected to arrive shortly from Great Britain. AW 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 fid ; Quarterly, 7s fid. JULES LA FONTAINE, WHEELWRIGHT, MELMORE-STREET, CROMWELL, Is prepared to execute all orders and repairs intrusted to him. Opposite the Bank of New South Wales.