Page 3 Advertisements Column 1

Cromwell Argus, Volume VI, Issue 272, 26 January 1875, Page 3

c 0 Cromwell A C II I NOTICE. N G THOMAS GILMOUR Bogs to announce to the public that after Ist January, 1875, he will run a coach as follows : Between Cromwell and CARDRONA, leaving Cromwell every TUESDAY morning and returning every WEDNESDAY afternoon. Every exertion made to ensure punctuality. Parcels carried at reasonable rates, and carefulness in delivery, etc., to be depended upon. s Hares for sale. The Undersigned has for sale : Elizabeths Stars Garrick Waters Bendigo Deep Tunnels Lucknows Colonial Banks. OH AS. COLCLOUGH, Sharebroker. Prospectus OF THE GARRICK GREAT QUARTZ TUNNELLING COMPANY, To be registered under the Mining Companies Act. Capital .... £15,000, In 60,000 shares of ss. each. Provisional Directors. Mr Logan Mr Taylor Mr Goodger Mr Grant Mr Lawrence Mr Bennett Mr Jolly Mr J. Stuart Mr Kidd Mr Towan Mr S. Williams Mr Richards Mr Gudgeon Mr Arndt Mr Murrell Treasurer. Mr G. E. Gudgeon, Bank of New Zealand. Secretary. Mr Chas. Colclough, Accountant. The promoters of this undertaking, being aware that the auriferous resources of the Garrick Range are ,not being satisfactorily developed, so as to benefit the mining community of the district generally, and feeling confident that a vast amount of hidden wealth lies undeveloped at a groat depth in the heart of the auriferous mountain on the surface of which are to be found tbe Star of tbe East, Heart of Oak, Elizabeth, and at least 20 other gold-bearing reefs, confidently present this prospectus to the favourable consideration of the public. It is proposed to penetrate tbe 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 1500 feet in depth. In consequence of the extensive character of the above undertaking, it is determined to pro. cure 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, and as a large number of persons will avail themselves of the share list now presented, they have every confidence 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 mouth 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 one for individual profit or as one contributing to solve the great question of the value of quartz reefs at the greatest depths obtainable by tunnel. Tbe 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 will be crossed at (say) 400 feet, being the “ Border Chief,'’ which yielded at the rate of six ouncrs 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, Quartzville, and Dunedin, and applications will be proportionately allotted, without any exceptions. A deposit of one penny per share must accom■pany 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 bo 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 COLCLOUGH, - Hop. Secretary.