Page 4 Advertisements Column 5

Grey River Argus, Issue 67, 16 June 1866, Page 4

"D R O S P E C T -TJ " S 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 amount 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 Comiskey, Esq., Greymouth James M'Dowell, Esq., Greymouth< J. Hughes, Esq., Greymouth E. Wickes, Esq., Greymouth J. Kilgonr, Esq., Greymouth D. Duncan, Esq., Maori Gully* v E. B. Fox, Esq., Maori Gully. Honorary Secretary. W. H. Harrison, Esq., Greymouth Treasurer. T. W. Rees, Esq. * Bankers. The Bank of New Zealand. Solicitor. H. E. Campbell, Esq. Surveyor and Engineer. W. J. Bull, Esq. Manager. Mr Job Savage. Brokers. Maclean, Fisher, and Co., Greymouth. E. B. Fox, Maori Gully. Cassius and Comiskey, Hokitika. Office : At Cassius and Comiskey's Store, , Greymouth. The object of the Company is the construction of ,a large water race, capable^of supplying water for sluicing purposes aPa sufficient altitude to command the whole range of aurifenras terraces and gullies i%the . Arnold and adjacent districts. > It has been proved beyond question. ,thaU T>nu^ terraces and v gullies are noi^QnlyS very extensive, but also exceedingly^c'h'r but', the want of water has hitherto prevented their development. In all cases where 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, however, that the local streams are quite insufficient for the requirements of the; district, and that the supply jnust be obtained from a distant source. The present Company was originated for the of endeavoring to discover an abundant supply of water from such an altitude as would make it available for the most elevated ten-aces in the district, in the conviction that should these conditions be fulfilled, immense advantages would accrue to the mining community, and that the undertaking would prove exceedingly profitable. The district of Lake Brunner suggested itself as the most likely source of supply, and jiccorclingly W. J. Bull, Esq., Surveyor, and Mr Job Savage, the 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 Brunner and the Arnold on the one hand, and the Greenstone on the other. ; In thegreab and profitable results of the Company's undertaking the promoters have the utmost confidence, and their opinion is supported by that of the miners and storekeepers 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, profits, the former being estimated to cost not exceeding £30 per Aveek, and the latter to produce fully 100 per cent per annum on the capital. 3. Valuable Water Right, which being the first right from an unfailing source no question of protection, &c, 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 annexedform to Messrs Maclean,' Fisher and Co., Greymouth, E. B. Fox, Maori Gully, and Cassius and Comisky, Hokitika, Brokers to the Company. FORM OF APPLICATION FOR SHARES. To the Directors of the Brunner Lake Grand Trunk Water Race Company, Registered : Gentlemen, I request you will 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 alloted to me, and in thereof to pay' the Calls as they become due, in conformity with the piospectus. Name }.- Address ?.'. , .Occupation Date....... '