Page 2 Advertisements Column 2

Dunstan Times, Issue 196, 27 January 1866, Page 2

PROSPKCTUS nOLDEN GATE GROUND SLUICING VJ COMPANY (REGISTERED), BLACK'S. To hi Registered under the Mining &m----panies Limited Liability Act, 1865. Capital, £7OOO, in 700 Shares of £lO each, payable on application. The original proprietors retaining 200 shades in part payment of their interest. Provisional Directors. Fphraim Mnchin 1 John M'Nally /-Present Piopr'etors Hugh Docheriy j D M'Conochio H. J Cope (With power to add to their number from I aroorgst sew shareholders.) I Manager's op the Comhant. ' George Newberry M'Nally. j Bankers The Bank of New South Wales. ! Brokers Messrs Gillies &, Street. Oeeice i Corner if Princes and Dowling street. This Company was started some eighteen months since [for the purpose of cutting a large water Race lrom. Thompson's and Chatto's Creeks to Black's. The iac has been completed to a length of 30 | miles, exclusive of the flumirg across the j Manuherikia River, and now delivers i<a water(l4'heads) into Black's,* here the Company possess two claims—one of two acres, the other offour acres. Tne first-mentioned has been in actual work for the last four months, paying wages to the nine oiiginal shareholders working therein at from £ B' to"£10 per week each Over one;thousand pounds worth of gold has been obtained since the work was "commenced. The cost lof the race to the pre?ent time has been £SOOO, and this is the sum which the original shareholders ask for 'their property ; £2OOO of this they will take in shares of the new company, ?s stated above. The o 1 j.-ct of tip company in ploc'ng their shaies on the maiket is not to sell out, but to obtain capital to raise the fluming, lengthen the race, and make such alterations as shall enable them to command the entire auriferous grcund at Black'sThe greater prrt (f the jharcs will theiefore be taken up by the present membeisof the crmpary. When the race is finished, and the whole if the water is at its proper level, the 'returns will be something enormous—a head of water at Black's (day and n'glit) letting f.r £l4 per week. Black's No 1, which the/ace will command, is acknowledged by all parties to possess the richest sluicing ground yet discovered in the Province, and the known area is cf

sufficient, extent to last over very many years. The water supply is a never-failing one, and upon no occasion has it been, known to diminish. The improvements j required can be executed in less than two! months, when both the company's claimsl will be in full woik, using four heads of 1 water; the remaining ten will be eagerly reuted by tbe parties now waiting for the water. What giound has been worked has been so under considerable disadvantage in consequence of the water being delivered at too low a level, otherwise twice as much

gold would have been obtained. The defect to be remedied aro?e not from any want of skill in the construction of the race, but from the inability of the company through want of means, to -peifeet their tatk. The Share List will remain oprn for one month. If the shares offered to the public are not then taken up, the deposit money will be returned, and the whole of the shares retained by the present proprietors who in the meantime, invite a careful in spection of the plant. Applications for shares to be made t the brokers, Messrs Gillies & Street, fron whom all information enn be obtained, 01 to Mr H. J. Cope, Dunstan. FOTiM OF APPLICATION FOR SHARES. To the Provisional Diioetos of the Go!dr. Gate Ground Sluicing Company, Regis • tered, Gentlemen, —I request that you wil allot me Shares in the G >lden Gut Ground Sluicing Company, Registered, am I undertake to accept such shares, or any less number that may be allotted to me and in onsidejation thereof to pay th calls as they become due in with the prf spectus. Name, Occupation Address ~