Page 3 Advertisements Column 2

Cromwell Argus, Volume V, Issue 248, 11 August 1874, Page 3

I&RRICK pft ' PLY CO., Registered. Nominal Capital . • • • . . £12,000, In 12,()do shares of £1 each. ' ' f SECOND .ALLOTMENT Q? SHARES, Directors. Mr James Taylor Mr John Marsh „ JAMES HaZLITT „ WILLJAM GRIFFITHS „ David A. Jolly „ Wm. Goldsmith Mr Jambs Stuart.

An extraordinary meeting of shareholders was held in the Company's office on Wednesday, 11th February, 1874, at which it was resolved to ftopen 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 give, increased'stability to the Company. Eleven and a half miles of the race have been already completed, at a cost'of nearly £3000,! and there only remain now a little more six and a half miles to be finished before the race is complete. During the progress of these six miles,. creeks will be pressed from which seventeen sluiceheads of water are granted to" J 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 1 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 oneof the largest sluicing andquartz 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 one* auarter 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 be allotted are as follows :—Two shillings arid sixpence to be paid upon application, and the balance in monthly instalments of two shillings and sixpence each. J. MARSHALL, Manager. The applications for shares in the Carrick Range Water Supply Company (second issue) will be considered and determined on the Ist of' July next ensuing, or at the first meeting of Directors thereafter held. Mr W. Oram Ball, of Dunedin, and Mr Wm. Hayes, of Lawrence, are authorised to receive applications on behalf of the Company. J. MARSHALL, Manager.

EST PORT WINE FOR INVALIDS Can be obtained of D. A. JOLLY & Co. Price, 63s per dozen. BANNOCKBURN PUBLIC LIBRARY. After Monday, April 27th, the Bannockburn Library will be in the SCHOOLMASTERS RESIDENCE, Smith's Gully. Terms of Subscription: Five Shillings entrance fee ; and One Shilling a Month, payable quarterly in advance. rjROMWELL 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. -411 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, 76 6&