Page 3 Advertisements Column 2

Kumara Times, Issue 157, 5 April 1877, Page 3

Prospectus OF THE KUMARA GAS AND COAL COMPANY (LIMITED). Capital, £6,000, in 1,200 Shakes op £5 Each. A deposit of 5s per Share on application ; 5s per Share on allotment, and subsequent calls not to exceed 10s per month. DIRECTORS: Mr W. Barron, Mr W. S. Hanna, Mr F. Keenan, Mr J. Kerr, MrG. A. Munyard Mr J. S. Pearn, Mr James Rugg. BANKERS: Union Bank of Australia. SOLICITOR: Mr W. M. Purkiss, SECRETARY: Mr'James Wylde. Applications for Shares to be addressed to the Secretary, at the Company’s registered office, Kumara. The rapid growth of the Town of Kumara, and the certainty that, situated as it is on the most extensive goldfield ever opened in New Zealand, it must still further extend, and maintain its position as the largest and most important inland town on the west of the ranges, renders it imperative that it should, without delay, be supplied with coal gas, both for lighting and cooking purposes.: The advantages of gas are too well known to require comment, and it is only .necessary. to point out that Kumara is and maintenance cf gas works. Its vicinity to the Greydj >(oalfields, combined with the ohich. will be afforded by the tramway now being constructed, will enable coal to be delivered at the works at a tate than in any other town in 3few Zealand, Greymouth excepted, the site chosen - for the Works,? .find the position of the places of busi-, ness in the town, will enable the mains to be laid with great ease and economy. The consumption will, without doubt, be, large, there being amongst other houses, and buildings, no less than fortyneight hotels, the proprietors of which have expressed, their intention to use gas as soomas itcan bo supplied. [('Jarefully prepared estimates show that, taking the; price of the gas at 20s. per 1000; feet, the profit would be 38 per cent, on the capital to be expended. _ TheiHiombters 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-icosts, for'-which they have accepted 90 paid-up shares. I Gasworks have always proved highly remunerative,, as instances of which i may he quoted those established in Dunedin, Christchurch, "Wellington, Auckland, Greymouth, and Hokitika; and the present, undertaking has been commenced tinder such favorable cirl cumctances, that the directors can con"SSsstly recommend. it /as a safe and profitable investment. * ; j|onVteb- lil UNION bv- ■ . ‘ The profits arising from .which are to be p devptedto the Building of the. NEW HOSPITAL AT HOKITIKA. Ticketsof Twenty Shillings Each. ,To be Drawn at Easter, or as soon as the. whole of the Tickets are disposed of. . No.■ r Peizbs. • Value. 'l., Old Hospital, Cottages, and ; .other. Buildings, and grounds thewhple of which is under , cultivation, value - £IOOO 2. Cash . - - 450 3. Do ‘ - - 150 4. Do • - - - 100 5. Do - - 60 6. Do - - - 30 7. Ho - - - 25 8.. Do - - 20 9. Do - - - 15 Also, 8 prizes of £lO Cash, each, £80; 8 prizes of £5 Cash, each, £4O; and 20 prizes of £2 Cash, each, £4O: - 160. Total - £2OOO Five per cent, to be charged on the First Prize, and ten. per cent, to be deducted from the' Prize Money. Tickets may be had from any Member of the Kumaru Hospital Committee, the principle business houses, and at the office of the Kumara Times. A. SOMERVILLE, , Secretary. T AMES B R I M B L E, ** GENERAL CARRIER. A Waggon leaves the Duke of Edin- . burgh Hotel, GreymoutK,* ; for Kumara three times a week, " ] . r * I.