Page 4 Advertisements Column 2

Kumara Times, Issue 176, 27 April 1877, Page 4

p ROSPECTUS OF THE

KUMARA GAS AND COAL COMPANY (LIMITED). Capital, £6,000, in 1,200 Shares of £5 Each. A deposit of 6s 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. Applicationsfor Shares tobeaddressed 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 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 the tramway now being constructed, will enable coal to be delivered at the works at a lower rate than in any other town in New Zealand, Oreymouth 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 doubt, be large, there being amongst other houses 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 ram unciacive, as instances of which may l,e quoted those established in Dunedin Christchurch, Wellington, Auckland, Greymouth, and Hokitika; and die present undertaking has been commenced under such favorable circumstances, that the directors can confidently recommend it as a safe and profitable investment.

ART UNION OF The profits arising from which are to be 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. No. Prizes. 1. Old Hospital, Cmtages, and other Buildings, and grounds the whole of which is under cultivation, value 2. Cash - 3. Do 4. Do - . . 5. Do - 6. Do . . 7. Do - 8. Do - 9. Do - Also, 8 prizes of £lO Cash, each, .£BO ; 8 prizes of £5 Cash, each, £4O ; and 20 prizes of .£2 Cash, each, £4O Total Vaioe. £IOOO 450 350 100 50 30 25 20 15 160 £2OOO Five per cent, to be charged on the First Prize, and ten. per cent, to be deducted trora the Prize Money. Tickets may be had from any Member of the Kutnaru Hospital Committee, the principle bnsiness houses, and at the office of the Knruara Times, . A. SOMERVILLE, Secretary. AMESB R I M B L GENERAL CARRIER. E A Waggon leaves the Duke of Edinburgh Hotel, Greymouth, for Kumara three times a week.