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►ROSP E U S OFT^eV;/'.' OKUKTJ AND eSoSPECTOHS' AMALGAMATEDjpiERRACE GOLD MINING X&MPAKY. (To be registered under the 3|ftM Stock Companies' Act, 1860™!|,« KUMARA, CONNTY OF WESTIjj&ND, NEW ZEALAND. Capital : LiO,ooo, in 200 Shares of LBO each, Of which Thirty Shares are to be fullypaid up and given to the .Promoters of the Company for the purchase of all their rights in connection .with; the. Qkuku Race, and Prospectors 1 Bice,-'Cuaimy r &c : .,' besides the paymem, in cash of £2,700, being amounts paidTiy'i.promoters for the purchase of the Race, &c, and cost of surveys, out specifications ready for calK|gpor tendera for the construction of the Qkbltu Race. Calls : LlO per shafe*Onapplicai^on; BIO' per share on allotment j future calls not to exceed L 5 per month. Provisional Directors : Mr John Hall, Mr W. D. Kerr, Mr J. P. Harris,.: Mr T> Learmont, Mr J. Holmes, Mr J. Churches, MrR. J.Seddon, Mr JVC. Tabart, Mr F. Dermott. r Mr G. :Bath. .. ■ Banker^,:...'. . ' The Batik of New" Zealand. Solicitors : Messrs Button and Held. Brokers:"' : Messrs F. A. Lear month & Co., Hokitika. It is proposed to form the above Company for the purpose of purchasing all the promoters rights to the Okuku Water Race and Prospectors' (Caahman's) Race, Claim, Tools, etc. It is "not intended at present to call up the whole of the Capital, as the cost of the works now decided on will not exceed £7558 including the interest gi fen to the promoters and the purchase of the race, etc. A sufficient margin will thus be left to meet any requirements that may in future arise for the extension of the Company's operations.

The detail survey and estimates of the Okukufßace have been carefully completed by E. J. Lord Esq., and he reports, that by the construction of two reservoirs, one in Bell's Creek, and the other in the Okukn Creek, that a constant supply of at least fifteen Government heads of water can be depended on all the yea? rounjl, •which can be hroughtinto the pTOSpectois' race below the tipper dam at a cost pf L31581&3 6d giving with the present supply of the prospectors' race, a constant supply of twenty'five tos&irty Government heads of wpter, throughout tie The promoters have purchased aft 'tie rights held by the prospectors in connection with their Race, Dams, Claim, e'tc., : a£ Kumara, and thus secured a most vainable property, and one that yields an immediate return to the Company, the present revenue of tharace alone being estimated at .'an of L 35 per:week.' The claim itself is of'cdnsiHerable Value,'" and can either be worked by the Company or disposed of, as overtures have already been made to the promoters for the purchase of it at a satisfactory price. The Company will have a great advantage in bringing in this extra supply into &e Kumara gold-field, as tbey are already, supplying a large number of claljn*; with/ the Prospectors' Race, "which only requires the additional water supply that the Okruku Rice will give to make it one of the best paying investments on the Coast. The Kumara gold-field is now So thoroughly and extensively developed, . that for years to •come the supply-.pi watefc; thfct will be at the command of the Company mtut ensure a large revenue. Applications for shares will be received up.to SATURDAY, the seventh of April, at | p.m. As there are only a limited number of shares to be applied for, early app|icatlon is necessary, as priority of application will be considered in allotting the shares. Forms of application can be obtained at the Bank of New Zealand Kumara, or fromthq Provisional Directors—and from the Company's Brokers, i F. A. LeArmontß and Co. I . Re veil Street Hqkitika., NOTICE. me vested, nnder the ninety-second section of " The Westland'Gold-fields.Re-hereunder named, se* apart on Crown Lands, on West side of the Greenstone Road, at Kumara,: are WITHDRAWN from 'the operations of the eighty-ninth section of said Regulations, and, are no longer open for business purposes.^—Sites, t\ " M. PRICE ![, Warden, idea's Office, Kumara, arch 24th, 1877. "). Williams, NG AND ENGINE SMITH, Skbdon street, Kumaiu. STEEL HAMMERS, PICKS, CROWBARS, DRILLS, * Sv ?ES'J? MATERIAL, ALWAYS ON HA#£. £S, CAGES. BUCKETS, WHIM. 'UTERWBEEL MOUNTINGS, IW 'DE TO ORDER

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/KUMAT18770403.2.11.2

Bibliographic details

Kumara Times, Issue 155, 3 April 1877, Page 3

Word Count
701

Page 3 Advertisements Column 2 Kumara Times, Issue 155, 3 April 1877, Page 3

Page 3 Advertisements Column 2 Kumara Times, Issue 155, 3 April 1877, Page 3

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