Page 4 Advertisements Column 2

Grey River Argus, Issue 90, 9 August 1866, Page 4

T>ROSP E C T U S OF THE ' BRUNNER LAKE GRAND TRUNK t WATER RACE COMPANY. ' (To be Registered under the Mining Com- . panics' Limited Liability Act, ■ 1865," by which the liability of the shareholders is limited to the amount of their shares.^ . Capital, „, ... .., £8000 • 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 sharo, 15s on allotment, and the balance by £1 calls at fourteen days' uiterval, Pkovisionai, Directors,' Patrick 'Gomiskey,' Esq., Greymouth James 'M'Dowell, Esq.-, Greymouth f, Hughes, Esq., Greymputh E," Wickeg, Esq., Greymouth -J, Kilgour, Esq., Greymouth ' D. Dnncan, Esq., Maori Gully , :E.B. Fox, Esq., Maori Gullyi - Honorary Secretary.. v" W. H, Harrison, Esq., Greymouth ...-...■ Treasurer. . T, W, Rees^Esq. Bankers.' , . The Bank of Aew-Zejiland, SOLiqiTOR, H, E, Campbell,' Esq. y\ ' Spryeyor and. Engineer, W, J, Bull, Esq. Manager. 'Mr Job Savage. Brokers, - Maclean, Fisher, and Co., Greymouth. E, B, Fox, Maori Gully, Cassius and Comiskey, Hpkitika. y ' ' . _'■' " •■ r ■ Office : At Cassius and Coniiskey's Store, Greymouth. The pbject of the 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 J^ieso terraces arid 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 have accrued t0 .., 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 must be obtained from a distant source. ; - ',' The present -Company was; originated for the purpose of endeavoring tpj discover an abundant supply of water „ from such an altitude; as would make it available for, the most elevated terraces iii the district, in the conviction that should these conditions be fulfilledj immense advantages would accrue to the mining community, arid that the undertaking would prove exceedingly profitable. The district of Lake Bruimer suggested itself as the most likely^ source of supply, and accordingly W. J. Bull, Esq., Surveyor, and Mr Job Savage, the Company's Manager, made a; thorough exairiinatiori of the Lake ; and its! neighborhood. They succeeded in finding an unfailing supply "of water hi the Hohonu River, which can be brought in at a.n elevation sufficient to command the whole of the gold fields lying' between Lake Bruriner 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 xthe.- miners and storekeepers in the district, who have most liberally assisted in carrying but 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 2O.miles. ; -.. • ■■■'■■'■ The , construction of the, race, will be immediately vconimericed,. and it is! expected to be completed in about four months. The iadyantages 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 week, and the latter tp produce fully 100 per cent per annum on the capital, r 3. Valuable Water Right,; which being the first right from ari unfailing source no question of: protection, &c, can affect iL 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 thd 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 caii be made in the ', annexed form to Messrs -Maclean; Fislier-and Co., Greymonth, E.B, Fox, jftaori Gully, and Cassius and Comiskyj Hokitikfy Brokers to 1 the Company. ' FORM OF APPLICATION FOR shares/v;:;:.:: j-- ; , , To the Directors of the Brunner Lake Grand • Tuink Water Race Cbnipariy^Ee'gistcred : GENT^EMENy ..-,:: • .- '" , : . ; ' I request you will allot me...... ......Shares in "The Bruimer Lake Graiid Trunk Water 1 ltaqe -Company, Registered," and I undertake to accept such shares, or any less oumbev that >may be allotcd to. me, „and in consideration thereof to pay the- Calls as they become .due, in conformity with the piospcctrts.; • : ' f ; Nanie „..,,,..,.. .....'. • £:1dre55*,. .„.,.,...........;........ , 0ccupati0n......... "■.--. 1 ' ' • x. '. * ' ' ■ ■ ' ■