Page 4 Advertisements Column 5

Kumara Times, Issue 188, 11 May 1877, Page 4

BACE COMPANY, LIMITED. Established under "The Joint Stpek Companies Act, I 860." Capitai, ibt 6000 Shams of £o Eaoh. The Capital to be paid up by (Mis, rioi exceeding 5b per' Share, at intervals o£not less than one month. Deposit, 2a 6d per Share. PsovisfONAZ. DntEOTO«a : Mr E. Barff, Mr W. Barron, Mr J. Cole, Mr D. XJowen; ■' : Mr H. Cuming, Mr W. Oornfoot, Mr i. Ohesney, MrJ.Kvansj- > Mr H. Friend, Mr G. Gordon, Mr M. Houlahan, Mr W. Ha worth,... Mr J. Cule, Mr D. XJowen; ■' : Mr H. Cuming, Mr W. Oornfoot, Mr i. Ohesney, MrJ.KvansjMr H. Friend, Mr G. Gordon, Mr M. Houlahan, Mr W. Ha worth, Mr W. Henderson, Mr E: Jones," • - Mr J. Kerr, Mr D. Matehett, Mr D. M'Oonnon, Mr A. M'Grae; c. Mr 0. Riley, Mr A. Williams; Mr J. Rugg, Mr P. Williams.. And all those subscribing the Memorandum of Association. Bankers: The Union Bank of Australia. Somottobs: Messrs Button and Reid. Engikebr and Mawaoer : Mr James Wylde, C.E. The Kumara Gold-field has now been proved to be of such an immense extent, that when the water-races hitherto, ~ - jeoted—including the Waimea brought on to the ground they irill bo utterly inadequate; to"supply the »q[uire- '.* ments of the miners, livery head of - i water that can possibly he brought en to | the will be eagerly taken at ; *aiee j which will insure- a very large profit to the proprietors of the water, and *t the same time will allow the miners to obtainlarge and steady returns. Whilst'i*!*»' are several leads which can be aiM'Wre being worked profitably by tunnelling and driving out the ground, then are ; : miles of country which can only be worked . by ground sluicing. At the present time it ia estimated that there are about 4000 miners on the field ; but this number would be greatly increased if water for- ground sluicing -was available. It has been found by preliminary surveys that the whole of the country from the sea to over 25 miles iuland, including the whole of the Kumara goldfiold can bo commanded by a race from the Wainihinihi river (which isi one of the sources of the Teretnakau), whilst there is ample fall for tail water throughout the whole distanoe into the Teremakau. It has also been ascertained that a race from the Wainihinihi could be formed almost entirely by open ditching, and that there wili be no need of expensive tunnels or fluming. The raoe which it is proposed to make will be about 20 miles in length, and will give a coustant Bupply of 50 heads of water. The estimates for the proposed work, . which have been carelully prepared, shew that the cost of the race will be about £20,000, and in fixiug the amount of capital of the company a large margin has beon provided for unforseen contingencies. The promoters of the Company have obtained all the necessary grants and pro-tecti-jiiß reqnircd under the Goldfields Act. They have a'.Bo had a preliminary Burvey made by experienced engineers, and have paid the cost 3 of registering: the ".■•■.• Compauy, &c, for which, and for their interest in the race, they have agrced-to - accept 600 paid-up sharea in the Conpany. The receipts from the sale of water are estimated at £12,600 per annum, which, after deducting £3OOO per annum for :. maintenance and management, will leave a profit of £9,500 per annum, being over . 30 per cent, on the capital. Applications for shares ini the following form may be addressed to the manager:— WAIKimwiHI Watbh bach Coj«>Amr, Limited. T hereby apply for shares in the ' above-named Company, in respect t>f which tencloße 2s 6d per sharei deposit} ■ and I agree to accept the same or aocb; lesser number of shares as may be allotted - * to me. Name in full Occupation Address Date MADAME KORMANN, ■"*■ French Dress Maker, SEDDON STREET (Opposite Bowling Alley). Wishes to inform the Ladies of Kumara and surrounding Townships that she receives the Paris Fashions by every DREbS MAKING in all its branches,, m a style which will give satisfaction. '• CHALMERS, NIGHT WATCHMAN AND LAMPLIGHTER. Address :-Mra. Wh's, Auld Reekie Hotel, Seddcn-street.