Page 3 Advertisements Column 2

Kumara Times, Issue 159, 7 April 1877, Page 3

► ROSPECTUS OF THE OKUKU AND PROSPECTORS' AMALGAMATED WATER EACE AND GOLD MINING COMPANY. '(To be registered under the Joint Stock Companies' Act, I 860), KtfMARA, CONNTY OF WESTLAND, NEW ZEALAND. 'Capita!.: 110,000, in2ooShakesof LSO each, Of which Thirty Shares are to be fu-Uy paid up and given to the Promoters of the Company for the purchase cf all their rights in connection with the Oknku Race and Prospectors' Race, Claim, tools, &c, besides the payment in cash of L 2,700, being amounts paid by Promoters for the purchase;of the Prospectors'Race, &c, and of surveys, plans, drawing out specifications ready for calling for tenders 'for the construction of the Okuku Race. 'Caixs*. LlO per share on application; LlO per share on allotment; future calls not to exceed L 5 per month. Provisional Directors : Mr John Hall, Mr J. P. Harris, Mr J. Holmes, MrR. J. Seddon, Mr F. Dermott, Mr W. D. Kerr, Mr T. Learmont, Mr J. Churches, Mr F. C. Tabart, Mr G.Bath. Bankers: The Bank of New Zealand. Solicitors : Messrs Button and Reid\. Brokers : Messrs F. A. Learmonth & Co., Hokitika. It is proposed to form the a"bove Company for the purpose of purchasing all the promoters rights to the Okuku Water Race and Prospectors' (Cashman's) Race, Claim, Toolb, etc. It is not intended at present to call up the whole of the Capital, as the «ost of the works now decided on will not exceed including the interest given to s 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 Okuku? Race have been carefully completed byE. J. Lord Esq., and he reports, that by the construction of two reservoirs, one in Bell's Creek, and the other in the 'Okuku Creek, that a constant supply of at least fifteen Government heads of water can be depended on all the year round, which can be broughtinto the prospectors' race below the upper dam at a cost of L315819s 6d giving with the present supply of the prospectors' race, a constant supply of twentyfive to thirty Government heads of water, throughout the year.

The promoters nave purchased all the rights held by the prospectors in connection with their Race, Dams, Claim, etc., at Kumara, and thns secured a most valuable property, and one that yields an immediate return 'to the Company, the present revenue of the race alone being estimated at an average of L 35 per week. Tba claim itself is of considerable value, and can either bevrorked by the; Company or disposed xrf, 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 Bupply into Hhe gold-field, as they are already supplying a large number of claims with the Prospectors' Race, 'which tmly requires the additional water supply that the Okuku Rnce will give to mate it one of the beat paying investments on 'the Coast. The Kumara gold-field is now so thoroughly and extensively developed, that for years to come the supply of water that will be at the command of the Conr•pany must ensure a large revenue. Applications for shares will tie received up to SATURDAY, the seventh of April, at 6 p.m. As there are only a limited number of shares to be applied for, early application is necessary, as priority of application will be -considered in allotting the shares. Forms of application can be obtained at from the Provisional Directors—and from the Company's Brokers, F. A. Learmonth and Co. Reveil Street Hokitika. D. Williams, MINING AND ENGINE SMITH, SeDDON STREET, KuMAKA. CAST STEEL HAMMERS, PICKS, CROWBARS, DRILLS, OF THE BEST MATERIAL, ALWAYS ON HANb. TRUCKS, CAGES, BUCKETS, WHIM AND WATERWHEEL MOUNTINGS, MADE TO ORDER ON THE SHORTEST NOTICE. Joseph Churches, "\ty H O L E S A 1 WINE, SPIRIT, AND PROVISION MERCHANT. Direct Importer of best Adelaide and Provincial Flour. Oats, Bran, Sharps, Pollard, Chaff, and all kinds of produce, at lowest rates. Revell, Sewell, and Beach-sts., HOKITIKA.