Page 2 Advertisements Column 1

Dunstan Times, Issue 606, 28 November 1873, Page 2

PiOoPKCTt 8\ OF THB noNROY’S QUARTZ - MINING \J COMPANY (Limited). To be Registered under the Mining Companies’ Act, 1872. Capital ; .£4.000, in Four Thousand Shares of £1 each. Deposit oi application, 2s. sd.- ; allottmeut call, 2s. 6d. The balance (if required) in calls not exceeding Is per share,, at intervals of not less than one mouth. PROVISIONAL DIRECTORS. Wm. PEREsFORD.Esq .J.P., Alexandra Wm Theyehs, Esq., Alexandra Peter Calder, Esq, Alexandra Benjamin Naylor, Esq., J.P , Clyde J. U. Cambridge, Esq, Clyde W Auckland, Esq, Clyde. Bankers : BANK OF NEW ZEALAND, Alexandra. i 1 Agents : R POOLE, Clyde. - G. FACHE, Clyde. The Company is projected for the purpose of purchasing the plant and claim of the Conroy's Reef Company, Conroy’s Gully, near Alexandra, and for supplying the necessary capital lor fully developing the mine. The reasons which have induced the projectors,to take this step are that an interest is in the hands of trustees and the present owners have not the required capital at tlieir command to , erect the machinery for draining the mine, to enable them to work at a greater depth. So soon as the requited pumping machinery *is erected, pnyabe stone can l.e raised. The last parcel of stone taken out at and below the water-level, and crushed, having yielded at the rate of one ounce per ton; ami, as the reef is becoming ■ better defined, it is anticipated that 1 only a small portion of the capital of ■the 'Company will be required to be called up. The claim is situate on the side of i the famed Conroy’s Gully, which has proved one of the richest opened in the Dunstan district, and it is the opinion of miners that this reef is the matrix from which the gull) has been supplied with the precious metal. Ihe amount of gold already obtained from thiamine (details of which, together with the amount of money expended on the plant and claim are annexed). These will indicate the value of the property to be acquired ■by the Company. An agreement has been entered into with the present owners to sell to the 1 Company the mine, water - whe-1, stampers, water-rights race, tramway, dams, tools, and material, etc-, connected therewith, for the sum of £1,200, to be paid to them in the following manner;—L6so cash and 550 paid-up shares The said 550 shares the scrip is to be held in the hands of the Diiecfors until it shall be mutua ly agreed that they lie passed in the bo>ks in the same manner as contributing shares. This course is adopted to prevent these paid up shares being thrown on the marker until the Company is fully established It is proposed that one-half of the permanent Directors shall be elected from among the Dunedin shareholders, Asa guarantee of the bona-fides of the projectors, it is an understanding (liar, in the event of the Company not being floated, all moneys subscribed by intending shareholders w.ll be returned in full. Forms of application can be obtained from the Agent-, to whom, or to the Company’s bankers, deposits may be paid. RECEIPTS. By gold ~ £543 <3 4 370 14 1 406 17 0 410 0 5 . 59 18 7 46 8 0 46 8 0 ■ 23 4 0 92 19 0 2004 15 5 expenditure; By wafer wheel, stampers, quicksilver, ripple tables, flaming, dams, tramway, tools, material and labor, 3756 1 2 3. -The extent of tha ground held by the Company is sixteen hundred feet along the line of reef. FOR SALE. ASM \ LL LOT of Cast Iron Pipes 3 inch bore, Also, A Lot of Cast Iron Ripples. G. FACHE, Auctioneer, Cb tei