Page 3 Advertisements Column 4

Dunstan Times, Issue 567, 28 February 1873, Page 3

P*E OSPi! 0 T U S OF THE niIOTOVER TERRACE GOLD O MIMING COMPANY, (limited.) To bo Ragistcred under tbe Mining Company's Act, 1872. Caniial, .£30,000, in share- of £1 each. Of which, reserved for vendors 16,000, and ro ho allotted H.UOO Shares of £1 ouch. Rayab-o on application, 5s ,uud on idiot merit, Ss Should -further cabs be made, they wi 1 not exceed 2s 6d, per Share, or be made at intervals of ess than one month. PROVISIONAL DIRECTORS. M. J. M A LAG HAN, Mayor of Queenstown, Merchant. JAMES DOUGLAS, M.D., Frankten. JAMES W. KuBEUTSON, Queenstown. Merchant JOHN M Hit IDE, Queenstown, Hotel keeper. JAMES 11. LAWTON, of Moke Creek, Storekeeper, SOLICITORS : BANKERS: SECRET A RY (pro tem) George Grant. TEMPORARY OFFICE : Messrs. Gillies and Street, Dunedin, This Company is projected for tinpurpose of purchasing and working, on a more extended and profitable scale, two of the nest celebrated alluvial ela ms in Otago, situated on ihe Upper iShotoVer T rraces. The.-i claims are atpresi nt hel 1 under Lease reap ctnely bv Me-srs. Thoums Grace and Henry Eagai, [Grace’s Lease is for !0 .years, from January 1, 1869 ; Eagat’s 15 years, from November 1 ~ 1870 ] and have been the subject oi long a d expei sive litigation in the j'lipreme Court of Otago, as will be fresh in the >■ emoiy of many. The enormously rich character of the finds ' f gold obtained near the adjoini'-g i ouiidaries of the two Claims was the cause of the litigation alluded to, which o'-ject resulted in a veidic for heavy encroachm* ut ot very small extent. One object to be accomplished by the |mrehaseof the Claims, a d the e tabiishment of the present Company, L the pre’’emion of all disputes and law suits as to bom daries. Rut also from their peculiar ielation to each other, their more economical and systematic working on a large scale can be effected by the Company. An Agreemoi t Las been entered into lor the purchase of both claims on terms which, it. is believed by those most competent, to judge, are highly advantageous to the Company, and prove .lie confidence of the Vendors in its ■future and perm meat sm ec-s. The rich chancier of the-e cliitns has I ren prmp'd, not only by ihe most searching investigation in the Supreme Court, but by the official returns fmm the Bankers of the Vendors, and ly the reports of experienced Mining Engineers, who have, at die request of the Provisional Directors,personally vLiicd the properties. From tli sc reports, and'ho Official ID port and Plans of the District. Purveyor, it wid he seen ih.it the Leases cover an area ot acres a very small portion of which has bee worked, whilst a large area has been tested by tunnels and drives There remains, therefore, little room for doubt but that the ground can he w-.rk-d at a very high rate of proiit for many yetrs to come. For obvious reasons it lias been dec.tied that the dctai.s and reports above referred to shall not be published; Rnt it may ho stated, with the utmost confide nee, hy tin- Provisional Directors, that they entertain no doubt whatever of their abi ity to divide regular and handsome dividends from thefrdinary current working of the Claims, commencing, say- one month from the initiation >f the Company's operations, and reguhi’ ly thereafter. It is also almost a matter of certainty that when the capital of the C> mpany and the experience ot the Venders, —whose interests a-c hound up in it, —are bioughtto bear systematically upon working the Claims on a large and extensive scale, the r. suits < f die past, - nun nificciu. as these have been, will he exceeded to an extent hitherto unknown in the Province. The Dirco'ois fort ear entering far: her upon this sa : - ject: they would .-imply express their own confidence in the great, v lue ot the Company’s property, and in tin permanent prosperity of its opera thins. It is proposed to extend these from time to time, hy taking up odter area on the Shot over Terrace It. i tin opinion ofuf I com ( etentjndges through out, the district, tint these terracewould yield large returns if work with adequate capital ; th:it they have not l ei-n so hitherto is o»ing solelv to the fact that the working involves t. c much expend ture for private partii ■ ot mitievs. In the few instances it which such partis have been in a position to prospect these T> '-race claimsufficiently, the results have beet highly satisfactory., large fortune* having been made in the course of a few years Reports by practical mining engineers as to the past and presi n r Working of the mines, full details of the probable results of extended operant ns therein by (ho Company, with plats (by the District Surveyor) of the whole ground,showing portions thcrec f already worked, may be inspected byintending shareholders at the temporary offices of the Company, and at lue office of Ctorve li'ache, eueli'-ntfr, C> f de,