Page 3 Advertisements Column 4

Dunstan Times, Issue 548, 18 October 1872, Page 3

PROSPECTUS OP THE NSW ZEALAND SUB-M \ RTNE GOLD-MINING COMPANY. To bo Registered under the Mining Companies Limited Liability AcU. Capital, £2o,ooo;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 at 10s. perSharc on application, 10s per Share on allotment, and ss. per Share in two months and Calls (if required not to exceed 2s. Gd. per Share thereafter, and at not less intervals than one mouth. PROVISIONAL DIRECTORS, D, F. MAIN, Dunedin CHARLES S. HARVEY, Dunedin ■HORACE HASTINGS, J.P., Lawrence HENRY HEPBURN, Dunedin JAMES V/HIT FLAY, Dunedin JAMES HAZLETT, J.P., Clyde (With power to add to their number.) Bankers-BANK OF NEW ZEALAND. Broker-W. ORAM BALL. Solicitors—HOWAßTH & 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 tried in vain to extract the precious meted from these deposits. The only means at present available are by dredging from the surface, or the more tedious one of waiting for the rivers to subside, when only a small portion of the hanks can be 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 to work the beds of the Shotover, Kawarau, Arrow, Molyneaux and other gold-yielding rivers, by the apparatus patented by Messrs Villaine and Nuttall for digging, sluicing and blasting under water without any comunicatiou with the surface. This apparatus consists of un 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 toeightv feet. ' By these means any part of the bottom of the river can be prospected in less than half-an-hour, the best spots being selected for profitable conducting operations. Tlie total working expenses per week for • one boat, capable of sluicing easily ten load of wasbdirt per diem, are calculated not to exceed £3O. Tire area of tne claim to which the patent gives right is unlimited. It is proposed to construct one boat ac- ; cording to the p ;tent, and having carefully tested its strength in any depth of water under eight'feet at, once tq 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 mads in the 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 evpcrimcnt was also made in the Yarva River," below the Falls Bridg l , in the presence of His Excellency the Governor, and a a large assembly cf the most influential citizens of Melbourne. His Excellency was highly pleased with the experiment, and congratulated the inventor on.the success of his invent ion, which, if devoted to the purpose (or 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 \ ictoria, before the boat was tested, accompany each prospectus The working drawings may he seen, and more detailed particulars respecting the invention, with Forms of Application for Shares, at the Office of MR. W. ORAM BALL, Priuces-Street, „ Dunedin. Of G. FACHE. Clyde, MINING COMPANIES’ LIMITED LIABILITY ACT AMENDMENT ACT, 1809 VIOTTCE is hereby given, that the Id undersigned Ims been appointed by Ids Excellency thcGovernor Official Andidnr of the Accounts of Official 1 Agents under the Act for Winding-up i Companies. SYDNEY JAMES, Manse-street, Dunedin. TENDERS. 117 ANTED TEN El IS for adit dill.ns to the Alexandra School Building. Plans. Specifications, and all other particulars to be obtained by applying to the Secret my. Tenders to I-e, sent in not later than (he 81st. iust.