Page 3 Advertisements Column 3

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

-fTIHE WAINIHIN x RACE COMPART Established tinder “ The Companies Act, Capitai. .£30,000, in 6000 £5 Each. The Capital to be paid up by (exceeding 5a per Share, at in not less than one month. Deposit, per Share. 18 Inter 2a Provisional Directors : Mr E. Barff, Mr J. Cole, Mr H. Cuming, Mr J. Cheaney, Mr H, Friend, Mr M. Houlahan, Mr W. Henderson, Mr J. Kerr, Mr D. M‘Connon, Mr C. Riley, Mr A. Williams, Mr W. Barron, Mr D. Cowen, Mr W. Oornfoot, Mr J. Evans,. Mr Q. Gordon, Mr W, Haworth, Mr E. Jones, Mr D. Hatchett, Mr A. M'Orae, Mr J. Rugg, Mr P. Williams. And all those subscribing the Memorandum of Association. Bankers: The Union Bank of Australia, SoLionrons; Messrs Button and Beid. Engineer and Manager : Mr James WyWe, C.E. The Kumara Gold-fiold has now been proved to be of such an immense extent, that when the water-races hitherto projected—including the Waimea Race-r Ara brought on to the grmnd,, they,- will be. utterly inadequate to supplyAke requirements of . the minors. Every head of water that can possibly be brbnght on to the field will be eagerly taken at rales which will Insure a very large profit to the proprietors of the water, and at the. same lime will allow the miners id obtain large and steady returns. Whilst there are several leads which am be and are being worked profitably by tunnelling and driving out the ground, there are miles of country which can only be worked bygrpundsluicing. • At the present time It is estimated that there are aboutAooo ininwa onthefieldj but this humber ; would' be greatly increased if water for ground sluicing was available; : : ; ’ \ It has been found by preliminary surveys /that the Whole. of the country/ from thAsea to oyer 29 miles eluding the Whole Of-'this Kumara. golpb* [field can be commanded by a : race from [the yfainihinihl river (which is one ofthe [sources tif'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 r tunnels orflumingi The race which it fe proposed' to make will be about 20 miles •in length, and will; givb*- a constant supply of 60 heads of water. The estimates for the proposed work, which have been carefully prepared, shew that'the cost of the race will be about j£20,000, and in fixing the amount of capital of the company a large margin has been provided forunforseencohtingeDciea. The promoters..of the Company .have' obtained all Iheheoesaary/grants and protections required under the Goldfields Act. They have also had a preliminary survey made by experienced engineers, and have paid the costs of registering the. Company, &c., for which, - and for their interestin the- race, they have agreed to accept 600 paid-up shares, in the Com- . pany. ./"’ .A The receipts from, the sale of water are estimated at, £12,600 per annum, which, after deducting £3OOO per annum for . maintenancerand management, will leave a profit of v69,600per annum, being over 30 per cent, on the capital- - Applications for shares in the following form imay. be addressed to the manager:— -■ Wainihinihi ; Water-rack Company, Limited. I hereby apply for shares in the above-named Company, in respect of which I enclose 2s 6d per share deposit, and I agree to accept > the same or such lesser number of shares as may be allotted to me. Name in full Occupation • Address Date- . Jy E OPOLD NETTER, FURNITURE WAREHOUSE, Next, to Cafe National, Reveil 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 of Drawers, Toilet Sets, &c., at reasonable prices. -American Chairs of every-deaoription. .AU forders'promptly attended/40. / 7 r TJ CHALMERS, NIGHT WATCHMAN I AND LAMPLIGHTER, r Leach’s, Auld,Reekie Hotel/ “ .