Page 4 Advertisements Column 2

Kumara Times, Issue 177, 28 April 1877, Page 4

ROSPECTUS KUMARA GAS AND COAL COMPANY (LIMITED). Capital, ,£6,000, in 1,200 Shabes of £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 J. Kerr, Mr W. S. Hanna, MrG. A. Munyard Mr F. Keenan, Mr J. S. Pearn, Mr James Rugg. BANKERS: Union Banfc 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, Kvmara. 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 lunges, 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 workß. 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, Greymouth 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 allele of the material required; they hsve also registered the company and paid all fees and costs, for which they have accepted 90 paid-up shares. Gasworks have always proved highly remunerative, as instances of which may be quoted those established in Dunedih, Christchurch, Wellington, Auckland, Greymouth, and Hokitika; and the present undertaking has been commenced under such favorable circumstances, that the directors can confidently recommend it as a safe and profitable investment.

TITONSTER ART UNION The profits arising from which are to be devoted to the Building of the NEW HOSPITAL AT HOKITIKA. 2000 Ticketß of Twenty Shillings Each. To be Drawn at Eahtrr, or as Boon aa the whole of the are diapoaed of. No. Phizes. Value. 1. Old Hospi'.fll, Cottages, and other Bi-.iiilii.'js, and grounds the whole of winch is under cultivation, value - £IOOO 2. Cash ... 45Q 3. Do - - ]SO 4. Do - - -100 5. Do . . - . 50 6. Do - - - * 30 V. Do . . 25 8. Do - - - 20 9. Do -.- 15 Also, 8 prizes of £lO Cash, each, iIBO ; 3 prizes of £o Cash, ,' each, £4O ; and 20 prizes of £2 Cash, each, MO - 160 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 rhe Kumara Hospital Committee, the principle business houses, and at the office of the Kumara Times. A. SOMSRVILLE, Secretary. T A M"E~8~~B KIMBLE, GENERAL CARRIER. A Waggon leaves the Duke of Edinburgh Hotel, Grcymouth, for Kumara three times a week.