Page 2 Advertisements Column 3

Dunstan Times, Issue 609, 19 December 1873, Page 2

STJ PEOoPECTUS Oil TUB , J% QUARTZ-MINIS COMPANY (Limited). 3 To be Registered under the Mining Companies’ Act, 1872. 1 11 “TT p ' ; 7 t Capital :i-£4-,000, Ai FonfiThomsadcl Shares of £1 each. Deposit on 2s. ?Q4. ; /alfottme^T VjCid’b -‘Ssi. 6d. TStlf balstUUß (ifeJsquired) in calls not exceeding Is per at^^in tervals of not less thin one month. .TRUY.IStONAL.DIRECTORS.,. .... Wm. UWgF^D,Esq.tP.,Alexandra Wm Tiieyers, Esq., lexandra I Galdek, Esq., Alexandra’ vr j Benjamin Naylor, Esq.j J.P , Clyde J. U. Cambridge, Esq., Clyde W, Auckland, Esq:,’Clyde. fji I . Rankers : BANK OF NEW ZEALAND, Alexandra. Agents: n POOLE,' Clyde. - G." FACHE, Clyde. >?/. id f. •• - 10 The Company is projected for the purpose of pnrchasing" 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 their command to erect the machinery for draining the mine, to enable them to work at a greater depth. So soon us the • required pumping machinery is erected, payable stone can be 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; and, as the reef is becoming better defined, it is anticipated that only a small portion ot the capital of the Company will be required to be called .tip.Y 7, ii T The claim is situate on the side of the, famed Conroy's Gully, whicli has proved one ot the richest opened in the Dunstan district, and it is the opinion of miners that this reef is the matrix from which the gully has been supplied with the precious metal. Ihe amount of gold already obtained from thismine (details of which, toge her wiih the amount of money expended on the plant and claim are annexed). These will indicate the value of the property to lie acquired by the Company. An agreement has been entered into with the present owners to sell to the Company the mine, water - whe d, stampers, water-rights race, tramway, dams, tools, and material, die-, connected therewith, for the sum of £1,200, to be. paid to them in the following mannerLGso cash and 550 paid-up shares The said 550 shares thesciipis to beheld in the hands of the Directors until it shall he: inntua ly agreed that they he passed in the bo'hs in the same manner as contributing shares This course is adopted" to prevent these"' paid up shares being thrown on the market until the Comppity is fully established. It is proposed that one-half of the permanent Directors, shall be elected from among the Dunedin shareholders. As a guarantee of the hona-fides of the projectors, it is an understanding that, in the event of the Company not " being floated, all moneys subscribed by intending shareholders will be returned in full. Forms of application can be obtained from the Agent-, to whom, nr to the Company’s bankers, deposits may be paid. RECEIPTS. By gold .. £5lB 6 4 370 14 1 j 406 17 0 i; ' 1 410 0 5 69 18 7 • -!" ■■■ : ’ 46 8 0 . . 46 8 0 23 4 0 I 92 19 0 ; ; 2004 15 5 EXPENDITURE] By water wheel, stampers, quicksilver, ripple tables, flaming, dams, tramway, tools, material and labor, 3756 i 2 3. The extent of the ground held by the Company is sixteen hundred feet along the line of reef. • •' * ji :• Y i/I’i ioiDR-i SALE. .U» A SMALL LOT of Cast Iron Pipes il 3 inch bore, y r'. i i; oil Also, A tot of Cast Iron Ripples. G- FACHE. Auctioneer, Clyde,