Page 4 Advertisements Column 3

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

EACE COMPANY, LIMITED. Established under "The Joint Stock Companies Act, 1860." Ca«eu. iO,OOO, ik 6000 Shabeb of •» 1 £6 Each. The Capital to be paid up by Calls, not exceeding 6a per Share, at intervals of not leaa than one month. Deposit, 3a 6d per Share. Provisional Directors : .Mr E. Barff, I Mr W. Barron, Mr J. Cole, Mr H. Cuming, Mr J. Chesney, Mr H. Friend, Mr M. floulaban, Mr D. Cowen, Mr W. Oornfoot, Mr J. Evans, Mr G. Gordon, Mr W, Hawortfc, Mr W. Henderson, j Mr E. Jones, Mr J. Kerr, I Mr D. Matchett* Mr C. Riley, Mr J. Rttgg, Mr A. Williams, |Mr P. Williams. And all those subscribing the Memorandum of Association. Bankem: Tfce Union Bank of Australia. Sockotobs: Messrs Button and Beid. Engineer aito Manager : Mr James Wylde, O.E. The -Kumara Gold-field has now been MmawaJl 4.~. U— ._* t_ » that when the water-races hitherto projected—including the Waimea Race—are brought on to the ground they will be utterly inadequate to supply the requirements <jf the miners. Every head of water that can possibly be brought on to the field will be eagerly taken at rates which will insure a very large profit to the proprietors of the water, and at the same lime will allow the miners to obtain large and steady returns. Whilst there are several leads which can be and are being worked profitably by tunnelling and driving out the ground, there are miles of country which can only be worked by ground sluicing. At the present time it is estimated that there are about 4000 miners on the field : but this number would be % ' available. It has been found by preliminary surveys that the whole of the country from the Bea to over 25 miles inland, including the whole of the Kumara goldfield can be commanded by a race from the Waiuihinihi river (which is one of the sources of the Teremakau), whilst there is ample fall for tail water throughout the whole distance into the Teremakau. It has also been ascertained that a race ■' from the Wainihinihi could be formed almost entirely by open ditching, and that there will be no need of expensive tuni nels or fluming. The race which it is proposed to make will be about 20 miles in length, and will give a constant supply of 60 heads of water. The estimates for the proposed work, which have been carefully prepared, shew of the race will be about i>20,000, and in fixing the amount of capital of the company a large margin has Ihe promoters of the Company have obtained all the necessary grants and protections required under the Goldfields Act. They have also had a preliminary and have paid the costs of registering the Company, Ac., for which, and for their interest in the race, they have agreed to accept 600 paid-up shares in the Company. The receipts from the sale o£ water are estimated at £12,500 per annum, which, after deducting £3OOO per annum for maintenance and management, will leave a profit of £9,500 per annum, being over 30 per cent, on the capital. Applications for shares in the following form may be addressed to the manager;— Wainihinihi Water-racb Company, Limited. I hereby apply for shares in the above-named Company, in respect of which 1 enclose 2s 6d per share deposit, and I agree to accept the same or ouch lesser number of shares as may be allotted to me. Name in full Occupation Address Date TE O POLD NETTER, ETJRNrrURE WAREHOUSE, Next to Cafe National, Revell street, Hokitika. Every description of Household Furniture. THE CHEAPEST HOUSE IN THE TRADE. M'CONNON'S FURNITURE WAREHOUSE, (Opposite M'Beth, Draper), Revell street, Hokitika.) The Proprietor would respectfully bring under the notice of the inhabitants of Kumara and district, thac he has a large stock of his own make of Household Furniture, comprising.— Tables, Sofas, Cheffioners, Chests nf Drawers, Toilet Sets, &0., at reasonable prices. American Chairs of every description. All orders promptly attended to. ]M[R. T. CHALMERS, NIGHT WATCHMAN AND LAMPLIGHTER, Address Auld Reekie