Page 3 Advertisements Column 4

Cromwell Argus, Volume V, Issue 264, 1 December 1874, Page 3

IIOSPECTtTS CARRICK GREAT QUARTZ TUNNELLING COMPANY, , To be registered under the Mining Companies ■ i t Act. Capital - - » . £15,000, In 60,000 shares of sa. each. Provisional Directors. Mr Lcfean v , Mr Taylor Mr Goodger Mr Grant Mr Lawrenos Mr Bennett Mr Jolly Mr J, Stuart MrKidd MrTowan Mr S.Williams Mr Richards M* Gudgeon MtArndt MrMurrell ' Treasurer. Mff a Ev Gudgexpn, Bank of New Zealand. Secretary. •" Mr.Ohas. Colclough, Accountant. The. promoters -of this Undertaking, being aware that the&ftrifer&Uß resources of the Carrick Range are not being' satisfactorily developed, so as to benefit the mining-community of the dis» trict generally, and feeling confident that a vast amount of hidden Wealth lies undeveloped at a great depth in the heart of the auriferous mountain on the surface of which are to be found the Star of - the. East, Heart of Oak, Elizabeth, and at least 20 other gold-bearing reefs) confidently S resent this prospectus to the favourable consieration of the public. , . , '.'•'. It is proposed to penetrate the Border Chief hill by a tunnel from Smith's Gully, near the. junction of the two branches of that gully, 'to a distance of about .1500 yards, in .a south-westerly direction,"crossing at a, vast depth all the reefs and leaders between the Border Chief and the Heart'of Oak claims, under which last claim the tunnel will be, about IqOO feet jn«deptb,] \ In consequence of ibe extensive-character of the above undertaking, it is determined to procure afirst-class reck-drill, which it is confidently believed will revolutionise the present tedious and. expensive method of piercing ro_ck. _. .„...,. i . The promoters, have made application for a special area of ground, and as a large number of persons will avail themselves of the share list now presented, they have every <tohfidence : of a favourable • reply from the Government. They ask 150 yards on each side of. the tunnel for its whole length. : -, . ~, ;. '■ -■ <<\ . ~ The facilities for carrying on extensive quartz crushing works at the moutli of the proposed tunnel are excellent, and as there is a probability of such works being extensive in the event-of a successful prosecution of the proposed undertaking, it is of importance that attention should be directed to it. Being aware of the great success achieved by the promoters of a scheme of a similar character at Bendigo, and also knowing that similar schemes have met with marked success at the Thames, the promoters have considerable confidence in -offering the present 'speculation to the public. They have no hesitation in declaring it the. most promising speculation -that has yet appeared for acceptance by the public* whether viewed as ofte for individual profit or as wne cqn- ; tributing to solve the great question of the value ! of quartz reefs at the greatest depths obtainable by tunnel. The promoters do not seek any compensation excepting a refund of trifling preliminary expenses, so that all money called up will be actually expended in prosecuting the work. The first known reef wfll be crossed at (say) 400 feet, being the «Border Chief," which yielded at the rate of six ounces to the ton on the top ) after which other reefs may be crossed at every ten to fifty feet, as per surface indications. The share list will remain open at Cromwell, Qaartzville, and Dnnedin, and applications will be proportionately allotted, without any exceptions. A deposit of one penny per share must accompany each application, and a halfpenny must ba paid on allotment, after which monthly calls of one halfpenny, (and not exceeding one penny without special resolution of thareholders,) shall be payable towards carrying <aa the works. Applications to be made, enclosing deposit, to Mr Bennett, Quartzville; W l . O. Ball, Dun* or to the undersigned, Cromwell. CHARLES COLJLOUG.H, , ; Hon. Secretary. ATbertown { iL- B E R T HOTEL, STORE, ft'POST-OFFICE, ALBERTO WN. H. NORMAN Begs to intimate that he has made Wy extensive improvements in the above old establishment, and can now offer unrivalled accommodation, both for man'and horse.A large stock of General Stores & Draperv aWays on hand. Old acquaintances will please renvembjr that h*y can still make themselves perfectly at home at H. NORMAN'S, ALBERTOWN. ALBION HOTEL AND STORE LUGGATE, 28 miles from Cromwell, on the main road to , Laka Wanaka). H. Maidman Proprietor. This well-known Hotel possesses every accommodation for the comfort and convenience of travellers. Groceries, Clothing, Drapery, Ironmongery, Mining Tools, &c, &c, constantly on hand, at} Cromwell prices.. GOOD STABLING. N.B.—District Post Office.