Page 4 Advertisements Column 3

Daily Telegraph (Napier), Issue 3784, 31 August 1883, Page 4

Publications. THE "MERCANTILE AND BANKRUPTCY GAZETTE" OP NEW ZEALAND. nnHE only "Gazette" published in the 1 Colony, and giving the fullest particulars of Bankruptcy and Mercantile mattors and continuing weekly information of all Bills of Sale, Mortgages of Stock, _Liens on Wool, Lions cm crops, Affidavits of Satisfaction, Bailments, Share Reports, etc., and with which is now incorporated ''The N./j. Trade Protection Society's Private List' of Bills of Sale, etc., the entire right, title, and interest therein having been purchased from Mr Samuel Carroll, of Wellington. Annual subscription, £3 3s, payable in advance. Half-year index published in January and July each year. Assent for Napier, James Sidey, Emer-so'ii-street, Napier. Head office, Dunedin. K. T. Wheeler, Advertising Agency, Staf-ford-street Prospectuses. PROSPECTUS —OF THE — IT'ELLY'S TERRACE GOLD MINING I\. —and— WATER RACE COMPANY, LIMITED, STAFFORD TOWN. TO BE EEOISTEIIEJ) UNDER " THE MINING company's act, 1572-" CAPITAL £15,000 FIFTEEN THOUSAND SHARES OF £1 EACH, 12,000 of which are now offered to the Public at par: tho remaining 3000 fully paid-up to bo given to the present Proprietors for their interests, comprising rights to head-race, dam site, tailrace, and a special claim of £50 acres. Provisional Directors : John M'Whirter, County Chairman of Westland. J. Holmes, Proprietor Okuku Water-race. J. Gibson, Manager Humphreys Gully United Goldmining Company and Ross United Gold Mining Company. W. G. Johnston, Director Humphreys Gully United Gold Mining Company, and Ross United Gold Mining Company. R. C. Reid, J. P., Hokitika, B. Lyons, Stafford Town. W. M'Kay, Hokitika, T. Kerr, County Engineer of Westland. J. Brown, Auckland. E. T. WniTTEN, Ballarat. W. F. Wilkinson, Hokitika. T. Cooke, Hokitika. E. F. Rich, J. P., Hokitika. Jas. Craig, Oamaru. R. Bleazard, Auckland. Manager : W. A. Spence, Hokitika. T g lIIE present Company is being formed JL for the purpose of working the ground known as Kelly's Terrace, of which a special claim of 50 acres has been obtained, which is .situated in tho well-known auriferous diggings of the Waimea district. In the early days of the West Coast many shafts were sunk upon this ground to depths varying from GO to 130 feet, but in consequence of tho great amount of iinderground water, and no drainage tunnel being constructed to carry it away, these shafts had to bo abandoned. About 30 shafts in all were put down, some of which could not bottom, while others bottomed with excellent results. Notwithstanding these drawbacks, the richness of the ground was sufficiently tested, and the Provisional Directors have taken care to collect reliable information as to tho gold actually obtained. Many of the miners who worked the ground are still in the district, and numbers of parties who were fortunate enough to sink in the drier portions of tho terrace were enabled to work for a time, and obtained highly payable returns, but the claims could not bo further worked owing to tho want of capital to bring in a permanent tail-race at sufficient depth to drain tho ground. From the above facts it will be seen that the ground has been thoroughly proved, and merely requires draining to bo profitably worked, and in order to do this, it is proposed to construct a drainage tunnel from the Waimea Creek to the ground, which will thoroughly drain the terrace, as ascertained from levels taken by a Government Engineer. The Directors have secured a valuable water-right of 20 Government heads, lifted from Fox's Creek, which, in conjunction with an excellent site for a large reservoir, will give a supply more than ample for the Company's requirements. The surplus water can be disposed of to minors working outside tho Company's ground, at most profitable rates, which in itself will bo of a highly remunerative nature. The race can be easily and cheaply constructed, as from the nature of the country through which it will pass, no tunnelling or fluming -will be required, but merely open ditching in flat ground and on sidlings. The following is tho estimate for constructing head-race, drainage tunnel, &c. : Drainage Tunnel £2000 Head-race and Dam 2500 Plant 1500 £0000 As the ground through which the drainage tunnel will run consists principally of blue reef (which is dry), and as it is tho intention to sink shafts along the line of race simultaneously, it is expected that this work will be completed within five months. The promoters have agreed to dispose of all their rights and interests in the water rights and mining lease, in consideration of their receiving 3000 fully paid up shares in the projected Company, and guarantee to subscribe as contributing shareholders for at least an equal number. Attached hereto is a plan showing position of the claim, tail-race, and surrounding - gold working's. As a great many shares have already been taken up, applications for shares must bo sent in to the Manager, Wharf street, Hokitika (from whom forms may bo obtained), on or before MONDAY, the 3rd of September, after which date the Share List will be closed. A deposit of sixpence per share to be made on application and one shilling on allotment, future calls not to exceed sixpence per share per month. TV. G. MOTLEY Broker. THE MIKONUI WATER RACE AND GOLDMINING COMPANY (Limited). (To be registered under the Mining Companies Act, 1872.) Capital .. ~ £30,000 In thirty thousand Shares of £1 each, 20,000 of which arc now offered to the public. The present owners having agreed to hand over various Valuable Properties for the sum of £2000 to be paid by the proposed Company in instalments spreading over a period of eighteen months, and 4000 fully piiid up shares, the owners binding themselves to take a similar number of contributing shares in the new Company. A cash deposit of sixpence per share to be made on application, and Is per share on allotment, calls not to exceed sixpence per month. An influential Board of Provisional Directors has been appointed, including Mr E. Patten, J. P., of Napier. Manager, pro. lon., William Duncan, Hokitika. rpi-lIS Company is formed for the purposo X of purchasing the lease of 70 acres of what is anticipated will turn out to be rich alluvial land, also of various water rights. From the Mount DOr Company's claim, which forms tho eastern boundary, 4550 ounces of gold were taken from a bottom area of 1-jj acres. This Company have sluiced as far as they can in this direction, and have only been stopped by tho boundary line of the proposed Company's ground, and a late washing at this boundary gave the handsome return of 240 ounces. In conclusion the Directors recommend the proposed Company to the notice of investors with every confidence, and believe that the water race alone will return satisfactory dividends. Prospectuses and all further particulars may ba obtained from the Hawke's Bay Broker, ROOPE BEOOKING. August 16th, 1883. THE best and neAvest stock of boots is at E. W. KNOWLES, BootWarehonso,; Hastings-street.