Page 4 Advertisements Column 5

Kumara Times, Issue 185, 8 May 1877, Page 4

The wainihinihi water race company, limited Established under w The Joint Stock Companies Act, I860.”' Capital .£30,000, in 6000 Shares on* £5 Each. The Capital to he paid up by Galls, not exceeding 6a per Share, at intervals of - not leas than one month. Deposit, 3a 6d per Share. Provisional Mr E. Batff, Mr J. Cole, Mr H. Coming, Mr J. Chesney, Mr H. Friend, Mr M. floulahan, Mr W. Henderson, Mr J. Kerr, Mr D. M'Oonnon, Mr 0. Riley, Mr A. Williams, DibeOtoßs .* Mr W. Barton, Mr D. Co wen, Mr W. Gornfoot, Mr J, Evans, Mr Q; Gordon, Mr W. Haworth} Mr E. Jones, Mr D. Matchett, Mr A. M‘Crae, Mr J. Rftgg, Mr P. Williams. And all those subscribing the Memoran* dum of Association, Bankers : The Union Bank of Australia. Solicitors i Messrs Button and Reid. Engineer and Manager : Mr James Wylde, O.E, The Kumara Gold-field has now been proved to be of such an immense extent, that when the water-races hitherto pro* . jected“-including the Waimea Race—are brought on to the ground they Will be utterly inadequate to supply the require* ! menta of. the miners. Etery head of Water that can possibly be brought on to , the field will • be eagerly taken at - rates which will insure a very large profit to the proprietors of the water, and at the same time will allow the miners to obtain large and steady returns. Whilst them are several leads which can be and are being worked profitably by tunnelling and driving out the ground, there are miles of country which can only be worked by ground sluicing. At the present time it is estimated that there are about 4000. miners on the field J but this number Would be greatly in? creased if water for ground sluicing was available. It has , been found by preliminary surveys that the whole of the . country from the seg, to, over 36 miles inland, in* eluding the ■ whole of the Kumara gold* •field can be commanded by a race from the Waiuihinihi river (which ls;one of the sduroea of the Teremakad), 'Wbint there is ample fall'for tail r water throughout the whole distance into the Teremakau. It has .also been ascertained that a rade from the Wainihinihi could be formed almost entirely by open ditching, and that th< re will be no need of expensive, ton* nets or fluming, . The- r»oe which it is prdp-Wd to make . tvill be about 20 mileS' In 'length, and will give a constant supply of 60 heads of ‘water. The estimates fpr the proposed work, which have* been carefully prepared, shew tn it the cost of the race will,be about. £20,000, and in , fixing the Amount of capital of the company a margin has .been provided for unforaeen contingencies. The promoters of the Company have obtained all the necessary grants and protections required under the Goldfields Act. They have also had a preliminary survey -made by experienced engineers, and have pMd the costs of registering the Company, «c., for’ which, and for their interest in the race, they have agreed to accept 600 paid-up shared !& the Com* :.panyr« The receipts front the sale oft water art estimated at £12,600 . per annum, which, . after. deducting . £3OOO, per - annum for maintenance and management,’will leave a profit of £9,600 per annum, being over 30 per cent, on the capital. . Applications for shares in, the follow* ing form may be addressed to the manager WAIKIHINIItI WatER-BAOB CoMPAN*, Limited, ' T hereby apply for shares in the above-named ' Company, ■ in.,yrespect of which I enclose 2s 6d fer share deposit, ® n ,d I agree to accepf : the : same or such lesser number of shares as may be allotted to me. Name in full • • Occupation Address -Date - • . : Jj/[R. T. CHALMERS, NIGHT WATCHMAN AND LAMP- ' LIGHTER. Address :-Mrs. Leach’s, Asld Reekie Hotel, Seddcn-street. ANTED the public of Kumara to T T know, that H. Levy, wholesale atid retail Fruiterer and Greengrocer, Revelhstreet . (opposite the*Duke of Edinburgh Theatre), Hokitika, receives shipments of Green- Fruits and Oysters direct from Melbourne, Sydney, and Nelson markets,’ -Packages made up in any quantities to suit/customers. Confectionery- of - every description. All orders will be promptly attended to, Prices strictly reasonable.