Page 4 Advertisements Column 5

Grey River Argus, Issue 72, 28 June 1866, Page 4

T&ROSPECT..US OK 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, ... ... ....£BOOO In ICOO shares of £5 each, Of Avhich 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. Pkovisional Directors. Patrick Comiskey, 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. Honokajry 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, Hoki tika. Office ; At Cassius and Comiskey's Store, Greymouth. Tho object of tho Company is the construction 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 has Hitherto prevented their development. In all cases where water has been available very profitable results haye ■ 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 insuffi. cient 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 teiTaces in the district, in the conviction that should . v these conditions, be fulfilled, immense advantages would accrue to the raining community, and that the undertaking would prove exceedingly profitable. The district of Lake Brunner suggested itself, as the most likely source of supply, and accordingly W. J. Bull, Esq., and Mr Job Savage, the Company's Manager, made a. thorough examination of tlie 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 the great and profitable results of the ' Company's undertaking the promoters have. 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 asto 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 'dffered 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 <f ormer being estimated to cost not exceeding £30 per week, and the latter to produce tully 100 per cent par annum on the capital. • . 3. Valuable Water Right, which being the first right from an unfailing source no question of protection, &c M can afi'ect it, The promoters bind themselves not to offer any of their own shares tiil 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 c>m .be made in the. annexed form 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 Rape Company, Registered •' Gentleijen, I request you will allot me..., „.S&ares 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 consideration thereof , to. pay the -Calls as they beeonie due, in conformity with the piospcctus, Name „...,, .., Address .'. Occupation , Date -: ■ „....,.,..