Page 2 Advertisements Column 2

Dunstan Times, Issue 197, 3 February 1866, Page 2

PROSPECTUS OF THE Golden gate ground sluicing COMPANY (REGISTERED), BLACK’S. To be Registrred under the Mining Ci m panics Limited Liability Act, 1865. Capital, £7OOO, in 700 Shades of £lO each, payab'e on application. The original proprietors ntainng 200 share* in part payment of their interest. Provisional Directors. Fpbraim Maehin ] John M‘Nally Piopr’etors Hugh Docher y j 1) M'Conochie 11. J Cope (With power to add to their number from amongst new shareholders.) Managers of the Comhany. George Newberry and Patrick M N&l'y. Bankers The Bank of New South Wales. Brokers Messrs Gillies ik Street. Office Corner cf Princes and Dowling street. This Company was started some eighteen months since for the purpose of cutting a large water Race from Thompson’s and Chatto’s Creeks to Black’s. The race has been completed to a length of 30 miles, exclusive of the flumirg across the Manuherikia River, and now delivers its water(H headsjintoßlaek’a,where theC< mpany possess two claims—one of two acres, the other offour acres. Tne first-menti med has been in actual work for the last four months, paying wages to the nine oiigina) shareholders woiking therein at from i'B to £lO per week each Over oneMhousancl J- .V. .f 11, , , , . , yv. U uu;i wui in ui gum nus oei n ooiuioen since the work was commenced. The e->st of the race to the present time has been £SOOO, and this is the sum which the original shareholders ask for 'their properl}’; £2OOO of this they will take in shares of the new company, as stated above. The object of the company in plac’ng their shares on the maiket is not to sell out, but to obtain capital to raise the flaming, lengthen the race, and make such alterations as shall enable them to command the entire auriferous ground at Black’sThe greater part i f the shares will theiefore he taken up by 'the present members of the cempat.y. When the race is finished, and the whole (f the water is at its proper level, the returns will be something enormous—a head of water at BlackV (day and night) letting for £l4 perAveck. Black’s No 3. which the’raco will command, is acknowledged by all parties to possess the richest sluicing ground yet discovered in the Province, and the known area is of 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 required can he executed in less than two months, when both the company’s claims will be in full wotk, using four heads of water; the remaining ten will be eagerly rented by the parties now waiting for the water. M hat ground has been worked has been so under considerable disadvantage in-consequence of the water being delivered at too low a level, otherwise twice ai much gold would have been obtained. The defect to be remedied arete not from any want of skill in the construction of the race, but from the inability of the company through want of means, to pet feet their task. The Share List will remain oprn far one month. If the shares offend to the public are not fhen 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 inspection of the plant. Applications for shares to be made to the brokers, Messrs Gillies & Street, from whom all information can be obtained, or to Mr H J. Cope, Dunstan. FORM OF APt’L'CATION lOU SHARES. To the Provisional Directo s of the Goldrn Gate Ground Sluicing Company, Regis' tered, Gentlemen, —T request that you wil' allot mo Shares in the Golden Gate Ground Sluicing Comfnny, Rcgis'ered, and I undertake to accept such shares, or any less number that may he allotted to me, aid in consideration thereof to pay the calls as they become due in conformity with the prospectus.