Page 3 Advertisements Column 4

Dunstan Times, Issue 549, 25 October 1872, Page 3

PROSPECTUS OP THE NEW ZEALAND SUB-MARTNE GOLD-MINING COMPANY. To be 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 at 10s. perShareon 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 month. PROVISIONAL DIRECTORS, D. P. MAIN, Dnnedin CHARLES S. HARVEY, Dnnedin HORACE BASTINGS, J.P., Lawrence HENRY HEPBURN, Dunedin JAMES WHITELAY, Dunedin JAMES HAZLETT, J.P., Clyde (With power to add to their number.) Bankers—BANE 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 metal 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 banks 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 to work the beds of the Shntovor, Kawarau, Arrow, Molyneaux and other gold-yieldingrivers,bytho appara*ns patented by Messrs Villaiue and Nuttall for digging, sluicing and blasting under water without any comunication 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 supnnrt of three men for six hours, and is fitted internally with thirty feet of sluice and all the maebinary necessary for working the vessel and conducting the mining operations, thus affording every facility for easy and sue- , cessful working at any depth down to eighty feet. By those 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. The total working expenses per week for one host, capable nf sluicing easily ten load ef washdi-t per diem, are calculated potto exceed €(5 O. Tbe area of the claim to which the patent gives right is unlimited. 11 is pronnsed to eonstmet. one boat ae-cordip-r 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 bo deemed necessary. Experiments of a very successful nature were made in the Dock of the Melbourne Gas Comr-anv, on which occasion several eminent engineers and gentlemen interested in the enterprise descended in the boat and pronounced it a most perfect success. Another experment was also made in the Yarra River, below the Falls Bridge, in the. presence of His Excellency the Governor, and a a largo assembly of the most influential citizens of Mclbminre. 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 bo a source of wealth to its owners. It is apparent that this Company holds out prospects rarely to be equalled to tbe 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 ho seen, and more detailed particulars respecting the invention, with Forms of Application for Shares, at the Office of ME. \V. ORAM BALL, Princes-Strcet, Dunedin. Or G. FACHE. Clyde, FOR SALE OR TO BE LET MOST Desirable BUSINESS PROPERTY, in Alexandra; consist ing of Freehold Section of Laud, with Buildings thereon, 45 feet by 18 feet, containing store room sitting and bed rooms, and kitchen ; also a Four-stall Stone Stable. Or ov, be LET, A Private Dwelling-house, with throe rooms, and the Right to one Stall in a good Stable. Apply to D. ROBERTSON, Balmoral Hotel. Or to GEO. FACHF, Auctioneer, Clyde,