Page 3 Advertisements Column 3

Dunstan Times, Issue 546, 4 October 1872, Page 3

PROSPECTUS OF THE VIEW ZEALAND SUB-M \ PUNE IN GOLD-MINING COMPANY'. To bo Registered under the Mining Companies Limited Liability Acts. Capital, £20,000; in 4,000 Shares, of £0 each. The Patentee reserves 2,000 Shares (or equal amount) in half-paid up Shares, the remaining 2,000 shares are offered to the Public at 10a. perShareon application, 10s per Share on allotment, and os. per Share in two months and Calls (if required hot to exceed 2s 6d. per Share thereafter, and at not less intervals than one mouth. PROVISIONAL DIRECTORS, D. F. MAIN, Dunedin CHARLES S. HARVEY, Dunedin HORACE BASTINGS, J.P., Lawrence HENRY HEPBURN, Dunedin JAMES AVIIITELAY, Dunedin JAMES HAZLETT, J.P., Clyde (With power to add to their number.) Bankers—BANK OP NEW ZEALAND. Broker-W. ORAM BALL. Solicitors—HOWAßTll & HODGKINS, It is well known that immense quantities of gold are deposited in the River beds of Otago. Every means that ingenuity could possibly devise have been tiled in vain to extract the precious metal from those deposits. The only means at present available are by dredging from the surface, or the more tedious one of waiting for the livers to subside, when only a small portion of tho banks can to worked, thereby proving the inefficiency of all past and present appliances for obtaining the gold. Tliis Company, which is formed under the provisions of theMiiiing Companies Limited Liability Acts, proposes to work the bods of the Shotover, Kawarau, Arrow, Molyneaux and other gold-yieldingrivers, by the apparatus patented hy Messrs Villaiue and Nuttall for digging, sluicing and blasting under water wittiout any cnmunicatiou with the surface. This apparatus consists of an iron boat, air and watertight, capable of being sunk and raised as required, containing atmospheric air sufficient for tho support of three men for six hours, and is fitted internally with thirty fest of sluice and all the maohinary necessary for working the vessel ami conducting the mining operations, thus affording every facility for easy and successful working at any depth down to eighty feet. By these means any part of the bottom of the river can be prospected in less than half-an-hour, tho best spots being selected for profitable conducting operations. The total working expenses per week for one boat, capable of sluicing easily ten load cf washdirt per diem, are calculated not to exceed Go£. The area of tire claim to which ' the patent gives right is unlimited. It is proposed to construct one boat according to the patent, and having carefully tested its strength in any depth of water under eight feet at once to place it in full working order on one of the rivers and afterwards to have such additional number of boats as may be deemed necessary. Experiments of a very successful nature were made in tho Dock of the Melbourne Gas Company, on which occasion several eminent engineers and gentlemen interested in the enterprise descended in the boat and pronounced it a most perfect success. Another experiment was also made in the Yarra River, below the Falls Brldgi, in the presence of His Excellency the Governor, and a a largo assembly of the most influential citizens of Mellvumre. His Excellency was highly pleased with the experiment, and congratulated the inventor on the success of his invention, which, if devoted to the purpose for which it was constructed, he stated could not fail to be a source of wea’th to its owners. It is apparent that this Company holds out prospects rarely to be equalled to the practical miner, the capitalist desirous of securing large returns, the speculator, and indeed to all who are seeking tho development of the yet unknown gold resources of the province. Opinions of the most eminent Engineers in Victoria, before the boat was tested, accompany each prospectus The working drawings may he seen, and more detailed particulars respecting tho invention, with Forms of Application for Shares, at the Office of MR. W. ORAM BALL, Princes-Street, Dunedin. £250 10 lendT On Good Security. Apply to F. J. WILSON, Solicitor, Clyde. OBEY TO LEND FREEHOLD SECURITY. Apply to GEORGE CLARK* Secretary Building Society, Clyde FOR SALE. k BOUT 1| Cwt. Goodenoligh Patent Horse-shoes. J. MARSH, Cromwell