Page 4 Advertisements Column 2

Kumara Times, Issue 155, 3 April 1877, Page 4

iROS PECTUS OP THE KUMARA GAS AND COAL COMPANY (LIMITED). Capital, .£6,000, in 1,200 ShjSbßS o? £5 Each. A deposit of 5s per Share oq application ; 5s per Share on allotment, and subsequent calls not to exceed 10s per month. DIRECTORS: Mr W. Barron, Mr J. Kerr, Mr W. S. Banna, MrG. A. Munyard Mr F. Keenan, Mr J. S. Peara, Mr James Rugg. BANKERS: Union Bans of Australia. SOLICITOR: Mr W. M. Purkiss. SECRETARY: Mr James Wylde. Applicationsfor Shares tobeaddressed to the Secretary, at the Company's registered •office, Kcmara. The rapid growth of the Town of Kumara, and that, situated as it is on the inest "extensive goldfield ever opened in New Zealand, it must still ifurtber extent\ and maintain its position as the largest and most important inland town\on the west of the, ranges, Tenders it imperative timt it should, without supplied with coal gas, both for lighting-and •codkiag purposes. The advantages -of g«s «re too well known to require comnWft* and it is only necessary to point out that Kumara is especially -adapted for the economical establishment and maintenance of gas works. Its vicinity to the Grey Coalfields, combined with the facilities which will be afforded by tine -tramway »ow being constructed, will •enable coal to be delivered at the works at a lower rate than in any other town in New Zealand, Greymouth excepted. Whilst the site chosen for the works, and the position of the places of business in the town, will enable the mains to be laid with great ease and economy. 'The consumption will, without dottbt, be large, there being amongst other bouses and buildings, no less than forty-eight hotels, the proprietors of which have expressed their intention to use gas as soon as it can be supplied. Carefully prepared estimates show that, taking the selling price of the gas at 20s. per 1000 feet, the profit would be 38 per cent, on the capital to be expended. . The Promoters have secured a site for the works, had plans and estimates prepared, and procured tenders for the whole of the material required ; they have also registered the _ company and paid all fees and costs, for which they have accepted 90 paid-up shares. Gasworks have always proved highly remunerative, as instances of which may be quoted those established in Dunedin, Christehurch, Wellington, Auckland, Greymouth, and Hokitika; and the present undertaking has been ■commenced tinder such favorable circumstances, that the directors can confidently recommend it as a safe and profitable investment. ART UNION The profits arising from which are to lie devoted to the Building of the NEW HOSPITAL AT HOKITIKA. 2000 Tickets of Twenty Shillings Each, To be Drawn at Easter, or as soon as the whole of the Tickets are disposed of. ?°'m ~ Prizes. Value. 1. UW Hospital, Cottages, and other Buildings, and grounds the vhole of which is utfder cultiv»tion, value . j£looo 2. Cash . . .. - 450 a S° - - - 150 * 5° " 100 ££° " " - 50 6. Do 30 7. Do . . . . 25 8. Do - . .an 9. Do -.. g Also, 8 prizes of £lO Ca,h, each, .£80; 8 prizes of ife Cash, each, £4O; and 20 pr«es of £2 Cash, each, £4O . iqq Five per cent, to be charged on the First Priee,. and ten. per cent, to be deducted frcjm the Prize Money. Tickets miy be had from any Member of the Kunfcru Hospital Committee, tie principle bnriness houses, and at the office of the Kumjra Times, I A. SOMERVILLE, _i Secretary. TAMES BRIMBLE, GENERAL CARRIER. A Wagion leaves the Duke of Edinburgh Hokl, Greymouth, for Kumara three a week.