Page 4 Advertisements Column 2

Kumara Times, Issue 181, 3 May 1877, Page 4

EOSPECTUS 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 J. Kerr, Mr W. S. Hanna, MrG. A. Munyard Mr F. Keenan, Mr J. S. Pearn, Mr James Rugg. BANKERS: Union Bank of Australia. SOLICITOR : Mr W. M. Purkiss. SECRETARY : Mr James Wylde. Applications for Shares tobeaddressed to the Secretary, at the Company's registered office, Ktmara. The rapid growth of the Town of Kumava, 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, 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 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 remunerative, as instances of which may be quoted those established in Dunedin, 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.

ART UNION The profits arising from which are to be devoted to the Euilding of the NEW HOSPITAL AT BOKITIKA. 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. Value. 1. Old Hospital, Cottages, and other Buildings, and grounds the whole of which i 3 under cultivation, value - £IOOO 2. Cash - 450 3. Do - 350 4. Do ... 100 5. Do 50 6. Do 30 7. Do 25 8. Do - . _ o 0 9. Do 15 Also, 8 prizes of £lO Caeh, each, £BO ; 8 prizes of £5 Cash, each, £4O ; and 20 prizes of £2 Cash, each, £4O - IGO Five per cent, to be charged on the Fiist Prize, and ten. per cent, to be deducted from the Prize Money. Tickets may be had from any Member of the Kuraaru Hospital Committee, the principle bnsiness houses, and at the office of the Kumara Times. A. SOMERVILLE, Secretary.