Page 3 Advertisements Column 5

Dunstan Times, Issue 512, 9 February 1872, Page 3

PBOSPJSOTUB or THE C AMUCK HAXGE WATER SUPPLY COMP AS Y, REGIS FERED. CAPITAL .£12,000. IN T SHARES OF £1 EACH. INTERIM DIRECTORS : Ignatius Lcvoiixan, Es;>., J.P. James Cowax, Esq., James Haziett, Esq., J.P. James P. Taylor, Esq., J.P. James Stuart, Esq., G. W. Coi.DOER, Esq., James -Marshall, Esq., TREASURER. James P. Taylor, Esq., J.P. solicitor : A. W. Allanby, Esq. secretary i Mr. H. W. Smythies. BANKERS : Bank of New South Wales, surveyor i H. W, Smythies, Esq. The Company is formed for the purpose of supplying to the large Mining District of C'amck Range and Bannock!uira a quantity of water sufliceut to, in some measure, enable the well known auriferous resources of that district to be developed By the proposed scheme, the necessity for further Steam machinery fur Quartz crushing purposes will be dispensed with; and by the substitution of Water-power a saving of 50 per cent will be effected, bes.des stimulating the erection of additional Quartzcrushing Mills. By a judicious distaibution of the supply, the Water can be made available many times, as the altitude at which it will bo delivered on the b'ange (being within two hundred feet of the summit) will enable the Company to dispose of its use at various levels until its final debouch into the Kawauiu River. The proposed Race will command at least thirty square miles of wellproved, highly auriferous ground on the Garrick Range, which nothing but the absence of water has hitherto oprevented from being profitably worked. Mr Haughton, iu his Report on the Water Schemes to be initiated by the Government aid, referred in highly eulogistic terms to the desirability of this scheme, and to its undoubted success. There are at present three Steam Quartz-crushing Machines on the Range, and these are stopped frequently through want of water, and are subject to a heavy outlay for procuring coal. These difficulties will be effectually overcome by the successful carrying out of the proposed scheme. The undoubted payable character of the undertaking ha* induced many private parties to propose a similar scheme, but the cost has invaiiably prevented its furtherance ; and it has been acknowledged that, to ensure a successful issue, the undertaking should be placed in the position of a substantial Company, The line of Race has been marked out, and the necessary levels have been taken, by our Surveyor (Mr. Smythies), with the view of ascertaining the practicability of the scheme; and it has been estimated by him that at'OutRTOOQ will be required to construct the main Race, of which a portion will have to be flumed. The Company, recognising the necessity of having a capital to command any contingencies, and with a view of compensating the Promoters, nineteen iu number, (some of whom have relinquished large private rights iu favor of the Company,) have made the Capital £1_,000; and the Promoters have agreed to accept £l05l) in paid m> shares, as compensation for their rights and expenses in the matter,—thus leaving .£10,950 available for tho prosecution ol the works. The *'ouipauy propose bringing in Sixteen Heads of Water, and tho disposal of that quantity at current rates will secure to the Company largo and permanent dividends. It is also intended to obtain such Subsidy from tho Government as may be granted should tho terms bo suitable. So soon as a sufficient number of Shares have been applied for to insure the existence of the Company' a general meeting of Shareholders will be called lor the election ot permanent officers and to take steps to registei the Comaany. It has been settled by r tho promoters that Is. per share be [mid on application; that 2/6 be paid ouallotment and that no calls be made at less intervals than ono calender mouth, and shall not exceed 2/6 each call FORM OF APPLICATION FOR SHARES. 7b tho Secretary of the Catrick Sanyo. Water Supply Company) Registered), Cromwell. Sir, —I he ehrj make application J° r Shares in your Company or any less numbe, that may be allotted to me; and 1 enclose being deposit of one shilling per sha-'o on the oho re number, subject to the terms recited in the Prospectus. Signature A (Liras