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,r*r. OF THE r ~ (Ijiuoia 7£sv fold. .rfWJokTol od (*; Jx g^^^JNNIKUuI^O A ifoxrtt f *nuL- : '..r.s «*®* be re'i»t*red under Mining Companies ; $!.-■; .rfri'^'s/r' :, T tro iivjobnfi'’ 50;T ; feipi6il :? ‘ ? y "■"« Sf* -i ■ £15,000, ,a ' fa 60,000 shares of ss. each. v-.v:.“. v- l > a,ovr4toNAi. Pniiwrpßs.' , .... r .Mr Logan -., Mr 'faylor . , MrGoodger iw, * JMrLawronce ,Mr Bepwett Mr £<% ■ k %i;’ Sthdft Bfr Erdd'' ; Mr *lWtt '*>Wm Wilßana 1 Mr Richards MrGudgeonpMr Arndt at Mr Murrell •v 4 - "■ -jo-.' ~• „ v ,Ttews3craE^.. t u-.. r " ... , Mr C. E. Gudgeon, Bant of New Zetland. ■ y ‘’- J - Sei!:er)?Xrt. : MtGhaa. Goldbugti,-Aeboantant, ' ‘Li '8 1 fi T j 'iu Mllljjft OpT .!'■■■■■'; Tpe promotersooff f this .undertaking, being aware that the auriferous resources btiteCarciok Range are not being ’ sMsfactoiify developed, so as to benefit the mining cammimity of 'the diatriefc generally,. a»d feeling confident that a vast amount of hidden, wealth,, lies undeveloped 4 * great depth in the Heart of the auriferogh mountain on the surface of which areto be r foand the Star of the East, Heart of, Oak, Elizabeth, and at feast 20 other gold-bearing reefs,: Confidently present this prospectus to the favourable consideration of the public. f' ( ° XW# ■°’ i It is proposed to penetrate the Border Chief hill by a tunnel from Smith’s Gully, hearthe 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 arid the Heart of Oak claims, under which last claim the tunnel will, be about 1500 feet in depth. In consequence of the extensivecharacter of the above undertaking, it is determined to procure a first-class rock-drill, which it is confidently believed will revolutionise the present tedious and expensive method of piercing rock. The promoters have made application for a special area of ground, juad as a, large number of persons will avail themselves of the, share list now presented, they have every confident bf 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 quart* crushing works at the mouth of the proposed tunnel are excellent, arid as there is a probability of such works being extensive in the event of a successful prosecution of the proposed undertakiug, 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 one for individual profit or as one contributing to solve the great question of the value of qnarte reefs at the greatest depths obtainable by tunuel. ' The .promoters do riot 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 will 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. , . i The share list will remain open at Cromwell, Quartzville, and Dunedin, and applications will be proportionately allotted, without any exceptions. A deposit of one puny per share must accompany each application, and. a halfpenny must be paid on allotment, after which monthly calls of one halfpenny, (and not exceeding one penny without special resolution of shareholders,) shall be payable towards carrying on the works. Applications to be made, enclosing deposit, to Mr Bennett, Quartzville ; W. O. Ball, Dunedin ; or to the undersigned, Cromwell. CHARLES COLCLOUGoH, Hon. Secretary. g HARES FOR SALE. The Undersigned has for sale : Elizabeths Stars Garrick Waters Bendigo Deep Tunnels Lucknows Colonial Banks. CHAS. COLCLOUGH, Sharebroker. jp O R SALE. W. H. WHETTER Having determined to leave the district, offers for sale his* PREMISES and STOCK, , and the GOODWILL of his BOOTMA KING BUSINESS '■ > in Cromwell. The Premises are well situated, in a central position in Melmore-Terrace, and possess every facility for the keeping of a large stock. The Business has been established over eleven years, aud a first-class trade has been constantly doing, which is capable of being considerably extended. For all particulars, apply to W. H. WHETTER, On the premises.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CROMARG18741229.2.15.2

Bibliographic details

Cromwell Argus, Volume V, Issue 268, 29 December 1874, Page 6

Word Count
758

Page 6 Advertisements Column 2 Cromwell Argus, Volume V, Issue 268, 29 December 1874, Page 6

Page 6 Advertisements Column 2 Cromwell Argus, Volume V, Issue 268, 29 December 1874, Page 6

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