Page 3 Advertisements Column 4

Dunstan Times, Issue 547, 11 October 1872, Page 3

PROSPECTUS or THE NEW ZEALAND SUB-MARINE GOLD-MINING COMPANY'. To lie Registered under the Mining Companies Limited Liability Acts. Capital, £20,000; in 4,000 Shares, of £5 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 atlOs. per Share on application, 10s per Share on allotment, and ss. per Share in two months and Calls (if required not 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 WHITELAY, Dunedin JAMES HAZLETT, J.P., Clyde (With power to add to their number.) Bankcrs-BANK OF NEW ZEALAND. Broker—W. ORAM BALL. Solicitors—HOWAßTH & HODGKINS, It is wollknowu that immense quantities of gold are deposited in the River beds of Otago. Every means that ingenuity could possibly devise have been tried in vain to extract the precious metal from these deposits. The only means at present available are by dredging irom the surface, or the more tedious one of waiting for the livers to subside, when only a small portion of the hanks can he worked, thereby proving the inefficiency of all past and present appliances for obtaining the gold. This Company; which is formed under the provisions of the Mining Companies Limited Liability Acts, proposes towork the beds of the Shotover, Kawarau, Arrow, Molyuoaux and other gold-yielding rivers, hythe appara'us patented by Messrs Villaine and Nuttall for digging, sluicing and blasting under water without any comuuicatioa with the surface. This apparatus consists of an iron boat, air and w’ter tight, capable of being sunk and raised as required, Containing atmospheric air sufficient for the support of three men for six hours, and is fitted internally with thirty feet of sluice and all the machinary necessary for working the vessel and 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-ah-hour, the best spots being selected for profitable conducting operations. The total working expenses per week for one boat, capable of sluicing easily ten load of waabdirt per.diem, are calculated not to exceed £6O. The area of tne claim to which the patent gives right is unlimited. It is proposed to construct one boat according to the pitent, 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 stick additional number of heats as may bs deemed necessary. Experiments of a very successful nature were made in the Dock of the Melbourne Gas Company, on which occasion several eminent engineers and gentlemen interested in the enterprise descended in the heat and pronounced it a most perfect- success. Another experiment was also made in the Yarra River, below the Falls Bridge in the presence of His Excellency the Governor, and a a large assembly of the most influential citizens of Mellmure. 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 he equalled to the practical miner, the capitalist desirous of securing large returns, the speculator, and indeed to all who are seeking the 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 be seen, and more detailed particulars respecting the invention, with Forms of Application for Shares, at the Office of MR. AY. ORAM BALL, Princes-Street, Dunedin. Or G. FACHE. Clyde, MINING COMPANIES’ LIMITED LIABILITY ACT AMENDMENT ACT, ISG9 VfOTICE is hereby given, that the [A undersigned has been appointed by his Excellency the Governor Official Audidor of the Accounts of Official Agents under the Act fox’ Wiuding-np Companies. SYDNEY JAMES, Manse-street, Dunedin. By perm ssiou of the Hon. the Telegraph Commissioner of New Zealand. FOR SALE. rrELEGEAPH forms, with blocks I for copy of message, bound in books of 100. Office of the DUNSTAN TIMES.