Page 1 Advertisements Column 4

Grey River Argus, Volume VI, Issue 393, 21 July 1868, Page 1

13 R O S P \ (.: T U S 01' THE GREY RIVER COAL COMPANY (Limited). Capital i— £loo,ooo ; in 2000 shares, of £50 each, (Established under the Joint Stock Company's Act, N.Z., 1800), Of which amount it is proposed now to raise £25,000 by the issue of five hundred shares.' £'2 deposit to bo paid on application ; a further sum of £3 on allotment ; and tho balance at intervals as required. ■ No call to bo made with less than two months' notico, and then not to exceed £5 per share. POVISIONAL DIRECTORS,.,. , cinusTcniKCH. Gko. Buoklky, Esq., M.P.C. H. P. Murray - Aynslky, Esq., M.P.C., J.P. Gko. Holmes, Es<3. } J . Inolis, Esq. , W. S. Mookkousk, Esq.., J.P, W. Rkkvks, Esq., J.P. E. RiOHARDSOif, Esq. R. H. Riioiuifli Esq., M.P.C., J.P. W. Wilson, Esq., M.P.C., Mayor of Christchurch. orkymouth : local committee. James Kebr, Esq. Gerald Peuotti, Esq. W. S. Smith, Esq. Jos. Kii.oour, Esq. Harry Kenluck, Esq. Bankers ... „. Consulting Enj-ineor... Edward Dobson, Esq. Solicitors . Messrs llanmer and Harper. Hon. Secretary ... J. Ollivicr. AGENTS :— Greymouth — Messrs\D. Maclean and Ca Hokitika— Mr E.PVV. Joxes; Mr S MAKIv te'ROT. Memorandum of Association. 1 . The name of the company is the Grey River Coal Company (Limited). 2. The Registered ' Office of the Company is to bo established in' the Province of Canterbury. 3. The objects for which tho Company is established are— the working of certain Coal j Mines situate near to the Grey River; and the sale of their produce' in such manner respectively as the Company may from time to time determine ; and the doing of r.ll such things as are incidental or conducive to the attainment of the above objects. 4. The Liability of the Shareholders is "Limited." 5. Tho Nominal Capital of the Company Is £100,000, divided into 2000 shares of £50 each. PROS aJjG.T U S. '•"' A' country without Coal is tleprlved of, jierlutpSy the most ]>vwcrfula<jentof civilisation. In these days oj Steam Nnyines, Steamboats, and Railways, on the use of which we are dependent for commercial intercourse and the provision of innumerable wants, Coal, the jmme mover of this vast machinery, is an absolute necessity, and if it be not produced within our own country, we must draw our supplies, at great cost, from other places. It w a fortunate Circumstance that, with few except'u/ns, wherever important British Colonies have been founded, there has also been found a local supply of CoaU Thus the Colonists of that race which, above all others, has attained great national prosperity by means of its vast mineral wealth, will Jiiul in their new countries Hie, same agents by which to build up a like greatness.— Juror's Report, ISUS. - — As far back as June, 1862, the promoters of the Grey River Coal Company met together for the purpose ot developing the vast mineral resources of the Grey District, aud in ISO 3 the conditions upon which they were to lease the lands reserved by the Provincial Government of the Province of Canterbury were agreed to between the Provincial Government and themselves ; and Mr Dobson was directed to make an examination of the Reserve, and to report generally \ipon the Coal Field, and the character of tho country lying between it aud the place of shipment at Greymouth, but unlooked-for obstacles sprung up ami prevented tho completion of "the leaso until the latter end of the year 1867. The Pron.oters have now, however, secured a lease of tho Reserve, consisting or 5000 acres, more or less, upon terms that fully justify them in inviting the co-operation of the public in developing the resources of this remarkable Coal Field. The Directors scarcely deem it necessary to offer any remarks upon the value of the Estate which has been thus secured, because the well-known Reports of Mr Brunner, Dr Haast, Mr Burnett, Dr Hector, Mr Dobson, and others, all bear testimony to the extent and exceeding riclmess of the seams of Coal lying above the water level, and which are found to be easily accessible. Dr Haast, in his Report, states that the Coal itself cannot be distinguished from the Newcastle Coal of Australia, its structure, lustre, specific gravity, mineral composition, and combustibility being similar ; and Dr Hector's analysis of the Coal shows that it is as well fitted for steam generating purposes as any found in New South Wales, and is equal to most samples from Great Britain. Subsequent tests of the Coal by Engineers engaged in vessels trading to Greymouth have fully Confirmed .the value and quality of the Coal. The testimony of the Captains of Steam Vessels and their Engineers is to the effect that I6cwt. of the Grey River Coal as obtained in its present broken state, owing to tho frequent removals before reaching the ship's hold, is equal to one ton of the Newcastle Coal : but if brought direct from the Mine to tho ship's side, tho balance iv its favor would be much greater. Tho Lease granted to the Company is for a temi of forty-two years, of all that parcel of land described in the Schedule to the Ordinance of tho Provincial Council of Canterbury, Session xxvii., 1867, comprising 5000 acres, at a moderate rental, with power to purchaso at the expiration of seven years, 125 acres of the laud, in blocks of twenty-five acres, at tho rate £2 per acra It is compulsory upon the Company to bring down to Greymouth 5000 tons of Coal within eighteen months of the dace of the Lease, and to construct a Tramway or Railway over a portion of the Estate ; after that time 10,000 tons of Coal must be gained annually, the Company paying to the Government a Royalty of sixpence per ton. By a Proclamation of His Honor the Superintendent of tho Province of Canterbury the Company are also empowered to construct a line of tramway or railway over the waste lands of the Crown, extending • from the boundary of the Reserve to the