Page 4 Advertisements Column 5

Grey River Argus, Issue 61, 2 June 1866, Page 4

; ."P ,r.R O. S' : P .. E C .T. .U;S: I - . OF THE BRUNNER, LAKE GRAND TRUNK ; WATER RACE COMPANY, (To be Registered under the Mining Companies' Limited Liability Act, 1865," by which the liability of the shareholders is limited to the amoimt of their shares, ) Capital, „, .„ ... £8000 . j In 1600 shares of £5 each, Of which the present promoters retain 122 shares^in payment of the expenses they have incurred, Deposit on application, 5s per share, 15s on allotment, and the balance by £1 calls at fourteen days' interval. Provisional Directors. Patrick Comisky, Esq., Greymouth James M'Dowell, Esq.", Greymouth J. Hughes, Esq., Greymouth E, Wickes, Esq., Greymouth J. Kilgour, Esq., Greymouth D. Duncan, Esq., Maori Gully E, B. Fox, Esq., Maori Gully, Honorary Secretary, W. H, Harrison, Esq,, Greymouth . Treasurer, T. W. Rees, Esq. Bankers. The Bank of Kew Zealand, Solicitor, ' H. E. Campbell, Esq. Surveyor and Consulting Engineer. W. J. Bull,, Esq. Manager.. " " Mr Job Savage. Brokers. Maclean, Fisher, and Co., Greymouth. E. B. Fox, Maori Gully, . Cassius and Comisky, Hokitika, Office :. At Cassius and Comisky 's Store, Greymouth, The object of the Company is the con* struction of a large water race, capable of supplying water for sluicing purposes at a sufficient altitude to command the whole range of auriferous terraces and gullies in the Arnold and adjacent districts. It has been proved beyond question that these terraces and gullies are not only very "extensive, . but also exceedingly rich, but the want .of. water haß hitherto prevented their development. In all cases Avhere water has been available very profitable results have. accrued to the owners of the few small races that have been enabled, to obtain a supply. It has been found, how* ever, that the local streams are quite insufficient for the requirements of the district, and that the supply must be obtained from a distant source. The present Company was originated for the purpose of endeavoring to discover an abundant supply of water from such an altitude as would make it available for the most elevated terraces in the district, in the conviction that should these conditions be fulfilled, immense advantages would accrue to the miniug community, and that the undertaking Avould prove exceedingly profitable. The district of Lake Brunner suggested itself as the most likely source of supply, and accordingly W- J- Bull, Esq., Surveyor, and Mr Job Savage, tke Company's Manager, made a thorough examination of the Lake and its neighborhood. They succeeded in finding an unfailing supply of water in the Hohonu River, which can be brought in at an elevation sufficient, to command the whole of the gold fields lying between Lake BrujmeT and the Arnold on the one hand, and the Greenstone on the other. In the great and profitable results of the Company's undertaking the promoters have the utmost confidence, and their opinion is supported by that of the mineral and store* keepers in the district, who have most liberally, assisted in carrying out the preliminary arrangements of the Company. It is proposed to construct the race of such a capacity as to supply from 30 to 40 sluice heads. ; of water, the length of the race being; about 20 miles. The construction of the race will . be immediately commenced, and it is expected to be completed in about four months. The advantages offered by this Company . may be summed up as follows : — 1. The unfailing supply of a large quantity of water to an, extensive area of auriferous, • ground, and the consequent increase of • mining prosperity. 2. Economical "management, and large pro-; fits, the former being estimated to cost nofr exceeding £30 per week, and ihe latter to. produce fully 100 per cent per annum on the ; capital. . ■ • 3. Valuable Water Right, which being thei first right from an unfailing source no qu?s--i tion of protection, &a, can affect it. The promoters bind themselves not to offer, any of their own shares till the remainder are disposed.of at not under par, thus preventing any depreciation of the stock by them. The Company reserves to itself the, option, of taking up ground and working it for the! benefit of the shareholders. Application for shares can be made in the. annexed form to Messrs Maclean, .Fisher.»n.bY Co., Greymouth, E. B. Fox, Maori Gully, and. . Cassius and Comisky, Hokitika, Brokers to' the Company. .. FORM OF APPLICATION FOR , : • . ' . SHARES.: '. To the Directoraof the_Brunner Lake Grand - Trunk Water Race Company, Registered : Gentlemen, ' I request you Avill allot me,;. „.;..„. Shares in "The Brunner Lake Grand Trunk Water Race Company, Registered," and I undertake to accept such shares, or any less number that may be^alioted rto me, and in consideration thereof to pay the Calls as they become due, in conformity with the piospectus. Name ..,...,... , Address ...■ 0ccupati0n............ .Date..;...... v/ ...:;.-.v...... '...;.,-