Page 3 Advertisements Column 5

Dunstan Times, Issue 513, 16 February 1872, Page 3

PROSPECTUS OF TUB GARRICK RANGE WATER SUPPLY COMP AN Y, REGIS I’EUED, CAPITAL £12,000, IX SHARES OF £1 EACH, INTERIM DIRECTORS : Ignatius I.ouohnak, Esq., J.P. Jambs Cowan, Esq., James Haziett, Esq., J.P. James P. Taylor, Esq., J.P. James’Stuart, Esq., G. \V. Go'.dcer, Esq., James -Marshall, Esq., TREASURER. James P. Taylor, Esq., J.P. solicitor : A AV. Allanbv, Esq. secretary : Mr. H. W. S.VYTHIE3. BANKER' : Bank of New South Wales. SURVEYOR ; H. W, Smytuies, Esq. THE Company is formed for the purpose of supplying to the large Mining District of Garrick Range and Bannockburn a quantity of water sufiicent 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 for Quartz crushing purposes will be dispensed with; and by the substitution of Water-power a saving of 50 per cent will be effected, besides stimulating the ’ erection of additional Quartzcrushing Mills. By a, judicious distaibution of the supply, the Water can be made avails' le many times, as the altitude at which it will bo delivered on the, Range (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 Kawaiau River. The |w*posed Race will command at least thirty square miles of wellproved, highly auriferous ground on theCarrick Range, which nothing but the absence of water has hitherto prevented from being profitably worked. Mr Hanghton, in las Report on the Water Schemes to be initiated by the Government aid, referred in .-highly eulogistic tenns to the desirability of this scheme, aii J to its undoubted success. There are at present three Steam Quartz-crushing Machines on the Range, and these are stopped frequcnfclv thiuugh •want of tratoi, ami are subject to a heavy outlay foi procuring coal. These difficulties will bo effectually overcome by the successful carrying out of the proposed scheme. The undoubted payable character of the undertaking has induced many private parties to propose a similar scheme, but the cost has invariably prevented its furtherance; and it has been acknowledged that, to ensure a successful issue, theundertaking 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. >mythies), with the view of ascertainin'; the practicability of the scheme; anil it has lieeu estimated by him that aiiont£7ol 0 will be lequireu 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 in number, (some of whom have relinquished large private rights in favor of the Company,) have made the Capital £12,000; and the Promoters have agreed to accept £IOSO in paid up shares, as compensation for their rights and expenses in the matter, —thus leaving £10,950 available for the prosecution ot the works. The Company propose bringing in Sixteen Heads of Water, and the disposal of that quantity at current rates will secure to the Company large and permanent dividends. It is also intended to obtain such Subsidy from the Government as may be granted should the terms be 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 ca!led for the election ot permanent office rs f and to take steps to registei the Comaany. It. has been settled by the promoters that Is. per share be paid on application; that 2/6 be paid on allotment and that no calls be made at less intervals than ono calender mouth, andshall not exceed 2/6 each call FORM OF APPLICATION FOR SHARES. To the Secretary of Ike Garrick Range Hater Supply Company [Registered), Cromwell. Sir, —I he chy make application Jor Shares in your Company or any less numbe, that may be alio to me; ami 1 enclose being deposit pf-one shilling per sha>-e on the abme number, subject to the terms recited in the I'l'osjxctris. Signature Adircu